Rakan Steels
No trades in 1Y
Key Insights
Strengths
3- Company has reduced debt.
- Debtor days have improved from 32.8 to 21.4 days.
- Company's working capital requirements have reduced from 122 days to 68.1 days
Weaknesses
1- Company might be capitalizing the interest cost
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 10Y | +12.21% |
|---|---|
| 5Y | Irregular period |
| 3Y | Irregular period |
| 1Y | +90.76% |
Net profit
| 10Y | +64.66% |
|---|---|
| 5Y | Irregular period |
| 3Y | Irregular period |
| 1Y | Tiny base |
Operating cash flow
| 10Y | Zero base |
|---|---|
| 5Y | Irregular period |
| 3Y | Irregular period |
| 1Y | +95.50% |
Operating margin· change in pp
| 10Y | +17.43 pp |
|---|---|
| 5Y | Irregular period |
| 3Y | Irregular period |
| 1Y | +11.80 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2014 | ₹2.93 Cr |
|---|---|
| Mar 2015 | ₹3.26 Cr |
| Mar 2016 | ₹7.50 Cr |
| Mar 2017 | ₹5.42 Cr |
| Mar 2018 | ₹18.54 Cr |
| Mar 2019 | ₹29.19 Cr |
| Mar 2025 | ₹12.44 Cr |
| Mar 2026 | ₹23.73 Cr |
Net profit by year
| Mar 2014 | ₹0.01 Cr |
|---|---|
| Mar 2015 | ₹0.02 Cr |
| Mar 2016 | ₹0.02 Cr |
| Mar 2017 | ₹0.04 Cr |
| Mar 2018 | ₹0.08 Cr |
| Mar 2019 | ₹0.09 Cr |
| Mar 2025 | ₹0.11 Cr |
| Mar 2026 | ₹2.93 Cr |
Quarterly Results
₹ CrResults for the period ended Jun 2026 were due by 14 Aug 2026 and are not in this table yet.
| Particulars | Mar 2021 | Jun 2023 | Dec 2023 | Jun 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.66 | 6.05 | 3.27 | 2.56 | 4.12 | 3.48 | 6.47 | 2.95 | 1.53 |
| Expenses | 5.5 | 6.02 | 3.26 | 2.55 | 3.71 | 3.43 | 3.6 | 2.87 | 8.06 |
| Operating Profit | 0.16 | 0.03 | 0.01 | 0.01 | 0.41 | 0.05 | 2.87 | 0.08 | −6.53 |
| OPM % | 2.83% | 0.5% | 0.31% | 0.39% | 9.95% | 1.44% | 44.36% | 2.71% | −426.8% |
| Other Income | 0.2 | 0 | 0 | 0 | 0 | −0.02 | 0.01 | 0.03 | −0.02 |
| Interest | 0.2 | 0 | 0 | 0 | 0.14 | 0.15 | 0.05 | 0.03 | 0.07 |
| Depreciation | 0.05 | 0 | 0 | 0 | 0.02 | 0.06 | 0.03 | 0.03 | 0.06 |
| PBT | 0.11 | 0.03 | 0.01 | 0.01 | 0.25 | −0.18 | 2.8 | 0.05 | −6.68 |
| Tax % | 18.18% | 33.33% | 0% | 0% | 32% | −33.33% | 7.14% | 20% | 6.74% |
| Net Profit | 0.08 | 0.02 | 0.01 | 0.01 | 0.17 | −0.12 | 2.6 | 0.04 | −7.13 |
| EPS (₹) | 0.02 | 0.01 | 0 | 0 | 0.05 | −0.04 | 0.8 | 0.01 | −2.2 |
Profit & Loss
₹ Cr| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2.93 | 3.26 | 7.5 | 5.42 | 18.54 | 29.19 | 12.44 | 23.73 |
| Expenses | 2.79 | 3.11 | 7.47 | 5.44 | 17.95 | 28.57 | 11.69 | 19.5 |
| Operating Profit | 0.14 | 0.15 | 0.03 | −0.02 | 0.59 | 0.62 | 0.75 | 4.23 |
| OPM % | 4.78% | 4.6% | 0.4% | −0.37% | 3.18% | 2.12% | 6.03% | 17.83% |
| Other Income | 0.05 | 0.07 | 0.15 | 0.33 | 0.05 | 0.19 | 0.05 | 0.03 |
| Interest | 0.15 | 0.15 | 0.11 | 0.14 | 0.41 | 0.59 | 0.56 | 0.22 |
| Depreciation | 0.02 | 0.06 | 0.05 | 0.12 | 0.13 | 0.1 | 0.11 | 0.16 |
| PBT | 0.02 | 0.01 | 0.02 | 0.05 | 0.1 | 0.12 | 0.13 | 3.88 |
| Tax % | 0% | −100% | 0% | 40% | 20% | 25% | 15.38% | 24.48% |
| Net Profit | 0.01 | 0.02 | 0.02 | 0.04 | 0.08 | 0.09 | 0.11 | 2.93 |
| EPS (₹) | — | — | — | — | — | — | 0.03 | 0.9 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 |
| Reserves | 0.99 | 1.01 | 1.04 | 1.08 | 1.16 | 1.25 | 1.76 | 4.69 |
| Borrowings | 1.55 | 0.96 | 1.06 | 1.22 | 5.04 | 6.14 | 5.04 | 2.19 |
| Other Liabilities | 1.62 | 2.46 | 2.65 | 2.3 | 0.52 | 1.47 | 2.88 | 1.75 |
| Total Liabilities | 7.4 | 7.67 | 7.99 | 7.84 | 9.96 | 12.1 | 12.92 | 11.87 |
| Fixed Assets | 0.24 | 0.18 | 0.14 | 0.61 | 0.51 | 0.55 | 5.11 | 5.26 |
| CWIP | 0 | 0 | 0.55 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 7.16 | 7.49 | 7.3 | 7.23 | 9.45 | 11.55 | 7.81 | 6.61 |
| Total Assets | 7.4 | 7.67 | 7.99 | 7.84 | 9.96 | 12.1 | 12.92 | 11.87 |
Cash Flow
₹ Cr| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | — | — | 0 | 0 | −3.45 | −0.28 | 2 | 3.91 |
| Investing | — | — | 0 | 0 | −0.01 | −0.12 | −0.46 | −0.81 |
| Financing | — | — | 0 | 0 | 3.41 | 0.51 | −1.47 | −3.06 |
| Net Cash Flow | — | — | 0 | 0 | −0.05 | 0.12 | 0.07 | 0.04 |
| Free Cash Flow | — | — | 0 | 0 | −3.47 | −0.42 | 1.08 | 3.6 |
| CFO/EBITDA | — | — | 0 | 0 | −585 | −45 | 269 | 101 |
Ratios
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16.19 | 47.02 | 51.1 | 54.55 | 56.5 | 56.64 | 44.3 | 21.38 |
| Inventory Days | 901 | 848 | 320 | 476 | 138 | 89.9 | 205 | 69.56 |
| Days Payable | 208 | 323 | 133 | 168 | 10.05 | 12.57 | 28.19 | 6.85 |
| Cash Conversion Cycle | 709 | 572 | 238 | 363 | 185 | 134 | 221 | 84.09 |
| Working Capital Days | 686 | 554 | 220 | 317 | 172 | 122 | 176 | 68.14 |
| ROCE % | — | 2.91% | 2.46% | 3.49% | 6.81% | 7.08% | — | 40.67% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics across FY14–FY26.
Frequently Asked Questions about Rakan Steels
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Company Information
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