---
title: "Steelco Gujarat Ltd (STEELCOGUJ) — Share Price, Financials & Analysis"
symbol: "STEELCOGUJ"
company: "Steelco Gujarat Ltd"
canonical: "https://tapetide.com/stocks/STEELCOGUJ"
bse_code: "500399"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:26:55.649Z"
---

# Steelco Gujarat Ltd (STEELCOGUJ)

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

## Company

- **BSE Code:** 500399
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** steelcogujarat.com

## About

Incorporated in 1994, Steelco Gujarat Ltd specializes in the manufacturing of various Coils 
& Sheets.[1]

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 1,593 to 134 days.

### Weaknesses

- Stock is trading at 256 times its book value
- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -116% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 19 | 6 | 34 | 52 |
| Expenses | 0 | 0 | 1 | 3 | 3 | 3 | 6 | 2 | 24 | 10 | 41 | 56 |
| Operating Profit | 0 | 0 | 0 | -2 | -3 | -1 | -4 | -2 | -5 | -4 | -8 | -4 |
| OPM % | — | — | -110 | -790 | -1421 | -79 | -181 | -552 | -26 | -75 | -23 | -8 |
| Other Income | 2 | 0 | 169 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 3 | 0 | 0 | 4 | 3 | 2 | 2 | 4 | 8 | 10 |
| Depreciation | 0 | 0 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 163 | -3 | -3 | -6 | -8 | -5 | -8 | -9 | -16 | -15 |
| Tax % | -33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 2 | 0 | 163 | -3 | -3 | -6 | -8 | -5 | -8 | -9 | -16 | -15 |
| EPS in Rs | 0.06 | -0.01 | 54.61 | -1.07 | -1.1 | -2.14 | -2.59 | -1.56 | -2.64 | -2.92 | -5.39 | -23.79 |

### Profit & Loss

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

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 571 | 506 | 531 | 465 | 73 | 0 | 0 | 4 | 59 | 110 |
| Expenses | 564 | 506 | 537 | 492 | 128 | 3 | 2 | 14 | 77 | 131 |
| Operating Profit | 7 | 0 | -6 | -27 | -56 | -3 | -1 | -9 | -18 | -21 |
| OPM % | 1.3 | -0.1 | -1.1 | -6 | -77 | — | -432 | -225 | -32 | -19 |
| Other Income | 14 | 25 | 4 | 0 | -9 | 9 | 173 | 0 | 1 | 1 |
| Interest | 21 | 21 | 26 | 23 | 26 | 12 | 3 | 7 | 15 | 23 |
| Depreciation | 3 | 3 | 10 | 7 | 6 | 4 | 3 | 4 | 4 | 4 |
| Profit before tax | -3 | 1 | -37 | -57 | -97 | -8 | 165 | -21 | -37 | -48 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -3 | 1 | -37 | -57 | -97 | -8 | 165 | -21 | -37 | -48 |
| EPS in Rs | -0.12 | 0.04 | -1.46 | -2.23 | -3.81 | -0.33 | 55.51 | -6.89 | -12.51 | -34.74 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 5 | 5 | 5 |
| Reserves | 0 | -78 | -77 | -162 | -228 | -326 | -150 | 56 | 35 | -2 |
| Borrowings | 151 | 132 | 132 | 171 | 190 | 203 | 209 | 82 | 91 | 227 |
| Other Liabilities | 154 | 142 | 176 | 250 | 227 | 241 | 127 | 18 | 31 | 16 |
| Total Liabilities | 347 | 238 | 273 | 301 | 231 | 160 | 229 | 161 | 163 | 245 |
| Fixed Assets | 116 | 49 | 47 | 53 | 63 | 60 | 129 | 136 | 133 | 138 |
| CWIP | 1 | 1 | 1 | 10 | 6 | 2 | 0 | 0 | 3 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 231 | 188 | 225 | 239 | 162 | 99 | 99 | 25 | 27 | 104 |
| Total Assets | 347 | 238 | 273 | 301 | 231 | 160 | 229 | 161 | 163 | 245 |

### Cash Flow

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5 | 43 | 10 | -30 | 46 | -5 | 0 | 44 | 5 | -100 |
| Cash from Investing Activity | 0 | -2 | 14 | 1 | -16 | 2 | 0 | -8 | -1 | -9 |
| Cash from Financing Activity | -2 | -41 | -21 | 29 | -32 | 3 | -1 | -36 | -4 | 120 |
| Net Cash Flow | 2 | 1 | 3 | -1 | -1 | 0 | 0 | 0 | 0 | 11 |
| Free Cash Flow | 4 | 41 | 25 | -37 | 30 | -7 | 0 | 36 | 6 | -109 |
| CFO/OP | 26 | 595 | -3775 | 516 | -173 | 8 | -24 | -3290 | -56 | 540 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 53 | 36 | 67 | 73 | 72 | 338 | — | 4298 | 347 | 134 |
| Inventory Days | 78 | 64 | 69 | 74 | 29 | 115 | — | 16313 | 1654 | 301 |
| Days Payable | 126 | 105 | 146 | 150 | 154 | 1132 | — | 17141 | 3738 | 31 |
| Cash Conversion Cycle | 6 | -6 | -10 | -2 | -53 | -679 | — | 3469 | -1737 | 403 |
| Working Capital Days | -9 | -21 | -29 | -102 | -170 | -1536 | — | 6299 | -1137 | 347 |
| ROCE % | 8 | 5 | 0 | -16 | -113 | — | — | -1 | -9 | -12 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Sep 2019 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% | 75% | 94.64% | 94.64% | 74.65% |
| DIIs | 0.06% | 0.06% | 0.06% | 0.06% | 0.07% | 0.01% | 0% | 0% |
| Public | 24.94% | 24.94% | 24.94% | 24.94% | 24.94% | 5.34% | 5.34% | 25.35% |
| No. of Shareholders | 132077 | 130670 | 130147 | 130019 | 130019 | 14237 | 6764 | 6831 |

### Quarterly

| Category | Jun 2019 | Sep 2019 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 94.64% | 94.64% | 94.64% | 94.64% | 94.64% | 94.64% | 94.64% | 94.64% | 74.65% |
| DIIs | 0.06% | 0.06% | 0.07% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0% | 0% | 0% |
| Public | 24.94% | 24.94% | 24.94% | 5.35% | 5.35% | 5.34% | 5.34% | 5.34% | 5.34% | 5.35% | 5.34% | 25.35% |
| No. of Shareholders | 130028 | 130019 | 130019 | 130023 | 130023 | 14237 | 14237 | 14237 | 14237 | 6808 | 6764 | 6831 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 3 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 252.58 | Sell |
| EMA (10) | 244.28 | Sell |
| SMA (20) | 240.77 | Sell |
| EMA (20) | 232.28 | Buy |
| SMA (50) | 181.99 | Buy |
| EMA (50) | 185.92 | Buy |
| SMA (100) | 108.62 | Buy |
| EMA (100) | 133.76 | Buy |
| SMA (200) | 55.14 | Buy |
| EMA (200) | 84.22 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 59.2 | Neutral |
| MACD (12,26,9) | 20.3 | Sell |
| Stochastic (14,3,3) | 19.7 | Buy |
| ADX (14) | 59.66 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 6.95 | Neutral |
| ROC (12) | -4.2 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 34.07 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jul - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June, 2026 is enclosed. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul - Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June, 2026 is enclosed.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=471a9033-e097-4c90-a7f8-77d97dbc2d90.pdf) |
| 7 Aug - M Sahu & Co. resigns as statutory auditor effective 14 August 2026, to meet debenture deed terms. | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors 7 Aug - M Sahu & Co. resigns as statutory auditor effective 14 August 2026, to meet debenture deed terms.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23570907-da55-4711-a243-56bd1b17f729.pdf) |
| 6 Aug - Board meeting on 13 August 2026 to approve Q1 FY2027 unaudited financial results. | [Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The First Quarter Ended 30Th June, 2026 Pursuant To Regulation 33 And 52 Of SEBI LODR 6 Aug - Board meeting on 13 August 2026 to approve Q1 FY2027 unaudited financial results.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1731de5-505f-4137-aec3-7a82306f078b.pdf) |
| 31 Aug - Newspaper publication for dispatch of Notice of 36th Annual General Meeting of the Company and e-voting information is enclosed. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Aug - Newspaper publication for dispatch of Notice of 36th Annual General Meeting of the Company and e-voting information is enclosed.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7d502814-d646-435a-8639-e343b1259527.pdf) |
| 27 Aug - Steelco Gujarat’s 36th AGM on September 25, 2026; shareholders to approve financials, director reappointment, and auditor appointments. | [Notice Convening The 36Th Annual General Meeting Of The Company 27 Aug - Steelco Gujarat’s 36th AGM on September 25, 2026; shareholders to approve financials, director reappointment, and auditor appointments.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b6d374b-aa3d-43c3-beae-dc27d33b7e4d.pdf) |
| 25 Jun - Trading window closes from July 1, 2026 for Q1 FY2027 unaudited results. | [Closure of Trading Window 25 Jun - Trading window closes from July 1, 2026 for Q1 FY2027 unaudited results.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ee4503d-839a-4754-97be-aee2b2086f9b.pdf) |
| 15 Aug - Newspaper publication for Unaudited Financial Results for the first quarter ended 30th June 2026 is enclosed. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug - Newspaper publication for Unaudited Financial Results for the first quarter ended 30th June 2026 is enclosed.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9f4e6af3-4d0f-49bd-8112-86f3dfffd7e6.pdf) |
| 13 Aug - TR Chadha & Co LLP appointed statutory auditor on 15 August 2026 till ensuing AGM. | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 13 Aug - TR Chadha & Co LLP appointed statutory auditor on 15 August 2026 till ensuing AGM.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55431ce1-f7b8-46d0-bc06-c4aecfc3b8ee.pdf) |
| 13 Aug - Steelco Gujarat appointed Sudeep Saxena as Additional and Independent Director for two years from 13 August 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 13 Aug - Steelco Gujarat appointed Sudeep Saxena as Additional and Independent Director for two years from 13 August 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=75dd559a-3650-4d72-a4da-bcb22c6dcf9a.pdf) |
| 13 Aug - Q1 FY27 rights issue proceeds show no deviation; Rs.14.89 crore raised, Rs.12.84 crore utilised. | [Statement Of Material Deviation/Variation For Rights Issue For Quarter Ended 30Th June 2026 13 Aug - Q1 FY27 rights issue proceeds show no deviation; Rs.14.89 crore raised, Rs.12.84 crore utilised.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5b1cbbad-b4fc-4c75-9b15-c314b9583ae6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a472d94-856f-4f54-b3fd-05e83d661442.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/353edae2-c0d1-40d4-903b-9633dc146e55.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500399/5003990319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500399/5003990318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500399/5003990317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/500399/5003990316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/500399/5003990315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/500399/5003990314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/500399/5003990313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/500399/5003990312.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 2026-09-13T18:26:55.649Z.