---
title: "P S Raj Steels Ltd (PSRAJ) — Share Price, Financials & Analysis"
symbol: "PSRAJ"
company: "P S Raj Steels Ltd"
canonical: "https://tapetide.com/stocks/PSRAJ"
isin: "INE0XUS01020"
nse_symbol: "PSRAJ"
sector: "Industrial Products"
industry: "Iron & Steel Products"
market_cap_cr: 365.04
generated_at: "2026-09-13T18:45:58.524Z"
---

# P S Raj Steels Ltd (PSRAJ)

Canonical page: https://tapetide.com/stocks/PSRAJ

## Company

- **NSE Symbol:** PSRAJ
- **ISIN:** INE0XUS01020
- **Sector:** Industrial Products
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-02-19
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** pssrgroup.com

## About

Incorporated in November 2004, PS Raj Steels Limited manufactures and supplies stainless steel pipes and tubes in India.[1]

## Latest Price

- **Price:** ₹98.9
- **Change:** +4 (+4.21%)
- **Open:** ₹96.85
- **Day High:** ₹98.9
- **Day Low:** ₹92.55
- **Previous Close:** ₹94.9
- **Volume:** 25000
- **As Of:** 2026-09-11T09:34:57+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:47.323872Z.

- **Market Cap:** ₹365.04 Cr
- **Classification:** SME
- **P/E (reported):** 41.6
- **Book Value:** ₹19.5
- **Price to Book:** 4.87
- **Dividend Yield:** 0%
- **ROE:** 11.41%
- **ROCE:** 17.31%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹265.99 Cr
- **Net Income:** ₹8.62 Cr
- **EBITDA:** ₹13.08 Cr
- **52-Week High:** ₹95.8
- **52-Week Low:** ₹28.6
- **RSI (14):** 66.61

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 87.48 | 9% |
| growth | 35.27 | 9% |
| momentum | 1.91 | 12% |
| ownership | 50.13 | 24% |
| quality | 71.84 | 22% |
| valuation | 28.69 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -431.87% | -453.91% | — |
| ebitda margin growth | 6.26% | 35.16% | 25.19% |
| net income growth | 16.49% | 33% | 132.97% |
| revenue growth | -0.12% | 6% | 8.14% |
| roce | -45.87% | -26.34% | 24.96% |
| roe | -45.06% | 15.74% | -45.69% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 139 | 127 | 131 | 136 |
| Expenses | 133 | 121 | 124 | 129 |
| Operating Profit | 6 | 6 | 6 | 7 |
| OPM % | 4.6 | 4.7 | 4.7 | 5 |
| Other Income | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 |
| Profit before tax | 5 | 5 | 5 | 6 |
| Tax % | 25 | 26 | 26 | 22 |
| Net Profit | 4 | 4 | 4 | 5 |
| EPS in Rs | 1.4 | 0.94 | 1.05 | 1.23 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 180 | 224 | 298 | 266 | 266 |
| Expenses | 173 | 217 | 287 | 254 | 253 |
| Operating Profit | 7 | 7 | 11 | 12 | 13 |
| OPM % | 3.7 | 3.1 | 3.6 | 4.6 | 4.9 |
| Other Income | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 2 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 5 | 5 | 8 | 10 | 11 |
| Tax % | 25 | 25 | 25 | 26 | 24 |
| Net Profit | 4 | 4 | 6 | 7 | 9 |
| EPS in Rs | 11.52 | 11.77 | 20.45 | 1.97 | 2.28 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.61 | 0.61 | 0.61 | 8 | 8 |
| Reserves | 20 | 24 | 30 | 57 | 66 |
| Borrowings | 17 | 18 | 18 | 5 | 1 |
| Other Liabilities | 8 | 32 | 4 | 5 | 8 |
| Total Liabilities | 46 | 74 | 52 | 74 | 83 |
| Fixed Assets | 4 | 4 | 4 | 4 | 9 |
| CWIP | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 41 | 70 | 48 | 69 | 74 |
| Total Assets | 46 | 74 | 52 | 74 | 83 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 3 | 3 | -9 | 8 |
| Cash from Investing Activity | 1 | -1 | -1 | -3 | -4 |
| Cash from Financing Activity | -1 | -2 | -2 | 12 | -4 |
| Net Cash Flow | 0 | 0 | 0 | 1 | -1 |
| Free Cash Flow | 1 | 2 | 2 | -12 | 3 |
| CFO/OP | 25 | 55 | 37 | -56 | 78 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 29 | 23 | 18 | 27 | 31 |
| Inventory Days | 44 | 77 | 28 | 47 | 50 |
| Days Payable | 11 | 47 | 0 | 2 | 3 |
| Cash Conversion Cycle | 61 | 53 | 47 | 72 | 77 |
| Working Capital Days | 37 | 35 | 32 | 80 | 89 |
| ROCE % | — | 15 | 22 | 19 | 16 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 100% | 73.2% | 73.2% | 73.22% |
| FIIs | 0% | 7.35% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% |
| Public | 0% | 12.1% | 19.92% | 18.11% |
| Others | 0% | 7.35% | 6.87% | 8.68% |
| No. of Shareholders | 11 | 242 | 339 | 286 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 7 / 2 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 85.85 | Buy |
| EMA (10) | 88.87 | Buy |
| SMA (20) | 84.08 | Buy |
| EMA (20) | 95.72 | Buy |
| SMA (50) | 182.9 | Sell |
| EMA (50) | 159.46 | Sell |
| SMA (100) | 267.51 | Sell |
| EMA (100) | 217.56 | Sell |
| SMA (200) | 275.75 | Sell |
| EMA (200) | 234.19 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.07 | Neutral |
| MACD (12,26,9) | -18.52 | Buy |
| Stochastic (14,3,3) | 98.46 | Sell |
| ADX (14) | 46.84 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 6.91 | High Volatility |
| ROC (12) | 20.76 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 86.39 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Newspaper ad published for 22nd AGM, cut-off, book closure and e-voting details. | [Copy of Newspaper Publication 9 Sep - Newspaper ad published for 22nd AGM, cut-off, book closure and e-voting details.](https://nsearchives.nseindia.com/corporate/PSRAJ_09092026170822_CoverLetter_with_News_Paper_Signed.pdf) |
| 9 July 2026 - Submitted Regulation 74(5) depository certificate for quarter ended 30 June 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 July 2026 - Submitted Regulation 74(5) depository certificate for quarter ended 30 June 2026.](https://nsearchives.nseindia.com/corporate/PSRAJ_09072026181853_Report_74_5__30th_June_2026.pdf) |
| 9 July 2026 - EGM approved 1:5 equity share split on 7 July 2026; authorised capital stays ₹8 crore. | [Amendment to AOA/MOA 9 July 2026 - EGM approved 1:5 equity share split on 7 July 2026; authorised capital stays ₹8 crore.](https://nsearchives.nseindia.com/corporate/PSRAJ_09072026181435_Alteration_Of_MOA.pdf) |
| 8 Sep - 22nd AGM on 30 Sep 2026 to adopt FY26 results, reappoint Gaurav Gupta, ratify cost auditor, continue Raj Kumar Dewan. | [Shareholders meeting 8 Sep - 22nd AGM on 30 Sep 2026 to adopt FY26 results, reappoint Gaurav Gupta, ratify cost auditor, continue Raj Kumar Dewan.](https://nsearchives.nseindia.com/corporate/PSRAJ_08092026183647_AGM_Notice_With_Cover_Letter_signed.pdf) |
| 8 July 2026 - Shareholders approved 1:5 stock split and FY27 related-party transactions at July 7, 2026 EGM. | [Press Release 8 July 2026 - Shareholders approved 1:5 stock split and FY27 related-party transactions at July 7, 2026 EGM.](https://nsearchives.nseindia.com/corporate/PSRAJ_08072026184013_Press_Release__EGM_8th_July_2026.pdf) |
| 8 July 2026 - EGM on 7 July 2026 approved stock split, MOA capital clause alteration, and material related-party transactions. | [Shareholders meeting 8 July 2026 - EGM on 7 July 2026 approved stock split, MOA capital clause alteration, and material related-party transactions.](https://nsearchives.nseindia.com/corporate/PSRAJ_08072026161635_FINAL_Scrutinizer_Report.pdf) |
| 8 April 2026 - Regulation 74(5) compliance certificate submitted for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Regulation 74(5) compliance certificate submitted for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/PSRAJ_08042026164304_Complete_Report_under_74_5__of_SEBI__DP_2018.pdf) |
| 8 April 2026 - Promoters disclosed nil encumbrance or pledged shares for FY 2025-2026. | [Updates 8 April 2026 - Promoters disclosed nil encumbrance or pledged shares for FY 2025-2026.](https://nsearchives.nseindia.com/corporate/PSRAJ_08042026164757_Disclosure_under_Reg_31_4__of_SEBI__SAST__Reg_2011_without_PAN_25_26.pdf) |
| 7 July 2026 - P S Raj Steels held EGM on 7 July 2026 for share split, MOA change and material RPTs. | [Shareholders meeting 7 July 2026 - P S Raj Steels held EGM on 7 July 2026 for share split, MOA change and material RPTs.](https://nsearchives.nseindia.com/corporate/PSRAJ_07072026234625_Proceedings_of_the_EGM_7th_July_2026.pdf) |
| 29 May 2026 - Board approved FY26 audited results, reappointed internal auditor, appointed cost auditor, and recommended 1:5 share split. | [Appointment 29 May 2026 - Board approved FY26 audited results, reappointed internal auditor, appointed cost auditor, and recommended 1:5 share split.](https://nsearchives.nseindia.com/corporate/PSRAJ_29052026233318_BM_Final_Outcome_31_03_26.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31904_PSRAJ_2025_2026_A_28859929_08092026182840.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28981_PSRAJ_2024_2025_A_14998263_08092025223955.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/PSRAJ_29052025195436_PSRAJ_Presentation.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:45:58.524Z.