---
title: "Chase Bright Steel Ltd (504671) — Share Price, Financials & Analysis"
symbol: "504671"
company: "Chase Bright Steel Ltd"
canonical: "https://tapetide.com/stocks/504671"
bse_code: "504671"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T19:31:54.742Z"
---

# Chase Bright Steel Ltd (504671)

Canonical page: https://tapetide.com/stocks/504671

## Company

- **BSE Code:** 504671
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2008-10-21
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** chasebrightsteel.com

## About

Chase Bright Steel is engaged in manufacture and trading of bright bars made of mild steel, alloy steel and stainless steel etc and other miscellaneous items.

## Latest Price

- **Price:** ₹25.5
- **Change:** 0 (0%)
- **Open:** ₹25.5
- **Day High:** ₹25.5
- **Day Low:** ₹25.5
- **Previous Close:** ₹25.5
- **Volume:** 50
- **As Of:** 2020-05-22T00:59:12+00:00

## Key Insights

### Strengths

- Debtor days have improved from 108 to 59.8 days.

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -110% | 14% | 15% |
| revenue growth | 528% | 15% | 12% |

## 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 | 0.08 | 0.64 | 0 | 0.01 | 0.04 | 0.46 | 0.2 | 0.01 | 0.16 | 0.99 | 1.22 | 2.09 |
| Expenses | 0.72 | 0.82 | -0.17 | 0.15 | 0.14 | 0.54 | 0.28 | 0.13 | 0.5 | 1.06 | 1.17 | 2.11 |
| Operating Profit | -0.64 | -0.18 | 0.17 | -0.14 | -0.1 | -0.08 | -0.08 | -0.12 | -0.34 | -0.07 | 0.05 | -0.02 |
| OPM % | -800 | -28.12 | — | -1400 | -250 | -17.39 | -40 | -1200 | -212.5 | -7.07 | 4.1 | -0.96 |
| Other Income | 0.35 | 0.01 | 0.82 | 0.15 | 0.39 | -0.01 | 0.03 | 0.01 | 0 | 0.06 | 0.22 | 0.05 |
| Interest | 0.03 | 0.04 | 0.03 | 0.05 | 0.03 | 0 | 0.02 | 0.02 | 0.02 | 0.04 | 0.03 | 0.06 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.32 | -0.21 | 0.96 | -0.04 | 0.26 | -0.09 | -0.07 | -0.13 | -0.36 | -0.05 | 0.24 | -0.03 |
| Tax % | 0 | 0 | 0 | 0 | 19.23 | 0 | 0 | 0 | 0 | 0 | -8.33 | 0 |
| Net Profit | -0.33 | -0.22 | 0.95 | -0.04 | 0.2 | -0.1 | -0.07 | -0.13 | -0.37 | -0.06 | 0.26 | -0.04 |
| EPS in Rs | -1.97 | -1.31 | 5.67 | -0.24 | 1.19 | -0.6 | -0.42 | -0.78 | -2.21 | -0.36 | 1.55 | -0.24 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 20.14 | 13.95 | 13.23 | 1.35 | 0.77 | 1.56 | 0.73 | 0.71 | 2.38 | 4.46 |
| Expenses | 19.13 | 16.62 | 15.85 | 9.24 | 1.77 | 2.54 | 2.09 | 1.12 | 2.87 | 4.84 |
| Operating Profit | 1.01 | -2.67 | -2.62 | -7.89 | -1 | -0.98 | -1.36 | -0.41 | -0.49 | -0.38 |
| OPM % | 5.01 | -19.14 | -19.8 | -584.44 | -129.87 | -62.82 | -186.3 | -57.75 | -20.59 | -8.52 |
| Other Income | 0.05 | 5.4 | 0.12 | 0.98 | 0.07 | -1.59 | 2.04 | 0.57 | 0.29 | 0.33 |
| Interest | 0.93 | 0.82 | 0.41 | 0.29 | 0.31 | 0.12 | 0.13 | 0.1 | 0.11 | 0.15 |
| Depreciation | 0.22 | 0.21 | 0.18 | 0.11 | 0.05 | 0.03 | 0.02 | 0.01 | 0.01 | 0 |
| Profit before tax | -0.09 | 1.7 | -3.09 | -7.31 | -1.29 | -2.72 | 0.53 | 0.05 | -0.32 | -0.2 |
| Tax % | -33.33 | 14.12 | -23.62 | 21.48 | 0 | 0 | 0 | 100 | -6.25 | — |
| Net Profit | -0.06 | 1.46 | -2.35 | -8.87 | -1.28 | -2.72 | 0.53 | 0 | -0.3 | -0.21 |
| EPS in Rs | -0.36 | 8.72 | -14.03 | -52.96 | -7.64 | -16.24 | 3.16 | 0 | -1.79 | -1.26 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 |
| Reserves | -2.34 | -2.42 | -0.85 | -3.1 | -12.03 | -13.31 | -16.21 | -15.86 | -15.89 | -16.19 |
| Borrowings | 8.71 | 8.54 | 3.03 | 2.88 | 3.11 | 3.21 | 3.12 | 4.54 | 5.82 | 7.03 |
| Other Liabilities | 18.97 | 19.74 | 19.4 | 15.65 | 15.49 | 14.42 | 12.97 | 10.53 | 9.54 | 8.51 |
| Total Liabilities | 27.02 | 27.54 | 23.26 | 17.11 | 8.25 | 6 | 1.56 | 0.89 | 1.15 | 1.03 |
| Fixed Assets | 1.27 | 1.23 | 0.61 | 0.5 | 0.2 | 0.16 | 0.13 | 0.04 | 0.04 | 0.02 |
| CWIP | 0.06 | 0.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 25.69 | 26.25 | 22.65 | 16.61 | 8.05 | 5.84 | 1.43 | 0.85 | 1.11 | 1.01 |
| Total Assets | 27.02 | 27.54 | 23.26 | 17.11 | 8.25 | 6 | 1.56 | 0.89 | 1.15 | 1.03 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.79 | 1.78 | -0.37 | 0.51 | -1.19 | 0.06 | 0.2 | -2.06 | -1.25 | -1.13 |
| Cash from Investing Activity | -0.02 | -0.17 | 5.79 | -0.03 | 1.14 | 0 | 0 | 0.88 | 0 | 0.08 |
| Cash from Financing Activity | -1.02 | -1.09 | -5.73 | -0.55 | -0.05 | -0.2 | -0.21 | 1.29 | 1.18 | 1.1 |
| Net Cash Flow | -0.25 | 0.52 | -0.32 | -0.07 | -0.1 | -0.14 | -0.01 | 0.1 | -0.07 | 0.04 |
| Free Cash Flow | 0.75 | 1.6 | 5.41 | 0.44 | -0.07 | 0.06 | 0.2 | -1.18 | -1.26 | -1.11 |
| CFO/OP | -544 | 174 | 10 | -32 | 15 | -6 | -21 | 145 | 305 | 269 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 114.32 | 103.3 | 115.13 | 47.73 | 432.59 | 360.26 | 208.24 | 65 | 200.49 | 59.81 |
| Inventory Days | 192.11 | 339.05 | 550.37 | 368.91 | 138.21 | 619.74 | 0 | 0 | 0 | 0 |
| Days Payable | 262 | 478.85 | 773.11 | 509.98 | 627.54 | 4425.62 | — | — | — | — |
| Cash Conversion Cycle | 44.43 | -36.5 | -107.61 | -93.35 | -56.74 | -3445.63 | 208.24 | 65 | 200.49 | 59.81 |
| Working Capital Days | 11.22 | -23.38 | -64.89 | -93.53 | -2849.7 | -5721.49 | -3039.33 | -6415 | -6595.7 | -2022.84 |
| ROCE % | -4.4 | 10.6 | -48.03 | -100.75 | — | — | — | — | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.31% | 72.31% | 72.31% | 72.31% | 72.31% | 74.42% | 72.32% | 74.42% | 71.7% | 71.7% | 71.7% |
| DIIs | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Public | 27.64% | 27.64% | 27.64% | 27.64% | 27.64% | 25.53% | 27.64% | 25.53% | 28.25% | 28.25% | 28.25% |
| No. of Shareholders | 2567 | 2562 | 2557 | 2560 | 2562 | 2562 | 2562 | 2563 | 2567 | 2567 | 2566 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.42% | 74.42% | 74.42% | 74.42% | 74.42% | 74.42% | 71.7% | 71.7% | 71.7% | 71.7% | 71.7% | 71.7% |
| DIIs | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Public | 25.53% | 25.53% | 25.53% | 25.53% | 25.53% | 25.53% | 28.25% | 28.24% | 28.25% | 28.25% | 28.25% | 28.25% |
| No. of Shareholders | 2563 | 2563 | 2563 | 2565 | 2566 | 2566 | 2567 | 2567 | 2567 | 2567 | 2567 | 2566 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1201.23 | Sell |
| EMA (10) | 1187.68 | Sell |
| SMA (20) | 1194.25 | Sell |
| EMA (20) | 1193.6 | Sell |
| SMA (50) | 1221.19 | Sell |
| EMA (50) | 1215.08 | Sell |
| SMA (100) | 1253.93 | Sell |
| EMA (100) | 1246.49 | Sell |
| SMA (200) | 1333.5 | Sell |
| EMA (200) | 1254.71 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.18 | Neutral |
| MACD (12,26,9) | -8.22 | Sell |
| Stochastic (14,3,3) | 27.67 | Neutral |
| ADX (14) | 13.03 | Neutral |
| Williams %R (14) | -73.19 | Neutral |
| ATR (14) | 50.78 | High Volatility |
| ROC (12) | 3.85 | Buy |
| Stoch RSI (14) | 38.75 | Neutral |
| UO (7,14,28) | 45.97 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Quarter ended 31 Dec 2025: loss ₹5.67L; nine-month loss ₹55.88L; going-concern uncertainty. | [Board Meeting Outcome for Outcome Of The Board Meeting Under SEBI (LODR) Regulations, 2015 9 Feb - Quarter ended 31 Dec 2025: loss ₹5.67L; nine-month loss ₹55.88L; going-concern uncertainty.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4d4c8c1-bdfa-4913-af18-db33317b9c45.pdf) |
| 9 Feb - Quarter ended 31 Dec 2025: loss ₹5.67L; nine-month loss ₹55.88L; going-concern uncertainty. | [Board Meeting Outcome for Outcome Of The Board Meeting Under SEBI (LODR) Regulations, 2015 9 Feb - Quarter ended 31 Dec 2025: loss ₹5.67L; nine-month loss ₹55.88L; going-concern uncertainty.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4d4c8c1-bdfa-4913-af18-db33317b9c45.pdf) |
| 8 Sep - 66th Annual Report filed; AGM on 30 September 2026, with director reappointment and independent director regularization. | [Reg. 34 (1) Annual Report. 8 Sep - 66th Annual Report filed; AGM on 30 September 2026, with director reappointment and independent director regularization.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1d4a57f-e7a6-4edb-80d2-c42d6ab11608.pdf) |
| 7 Jan - Reg.74(5) certificate: securities dematerialised, cancelled and depository substituted for quarter ended 31-Dec-2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - Reg.74(5) certificate: securities dematerialised, cancelled and depository substituted for quarter ended 31-Dec-2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b60e0ca-a898-42aa-8ab8-ba0d4c6742f3.pdf) |
| 7 Jan - Reg.74(5) certificate: securities dematerialised, cancelled and depository substituted for quarter ended 31-Dec-2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan - Reg.74(5) certificate: securities dematerialised, cancelled and depository substituted for quarter ended 31-Dec-2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b60e0ca-a898-42aa-8ab8-ba0d4c6742f3.pdf) |
| 6 Jan - Submitted RTA certificate under Reg 74(5) for quarter ended 31 Dec 2025 (EVOQ, 543500) | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Jan - Submitted RTA certificate under Reg 74(5) for quarter ended 31 Dec 2025 (EVOQ, 543500)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e291b5c-e5e3-4d3f-b1a5-6f24f2ffc7b1.pdf) |
| 6 Aug - Board meets 13 August 2026 to consider unaudited Q1 results; trading window closed 1 July-17 August. | [Board Meeting Intimation for Notice Of The Board Meeting - Regulation 29 (1)(A) Of SEBI (LODR) Regulation 2015 6 Aug - Board meets 13 August 2026 to consider unaudited Q1 results; trading window closed 1 July-17 August.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb8e68e2-a8e2-4fb6-a802-d085b57eb47f.pdf) |
| 31 May - Avinash Jajodia reappointed Managing Director for 3 years from 12 June 2026 to 11 June 2029. | [Announcement under Regulation 30 (LODR)-Change in Management 31 May - Avinash Jajodia reappointed Managing Director for 3 years from 12 June 2026 to 11 June 2029.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bca18406-4b8a-4c65-ab14-5bd3ae11bbb4.pdf) |
| 30 Oct 2025 - Board meeting 12 Nov 2025 to approve unaudited Q2/H1 results; trading window closed 1–14 Nov. | [Board Meeting Intimation for Notice Of The Board Meeting - Regulation 29 (1)(A) Of SEBI (LODR) Regulation 2015 30 Oct 2025 - Board meeting 12 Nov 2025 to approve unaudited Q2/H1 results; trading window closed 1–14 Nov.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cf6f8b1-578b-410c-abe9-97107b9ee393.pdf) |
| 29 May - Board approved audited FY26 results on 29 May 2026; auditor noted going-concern uncertainty and Rs 2.45 crore GST demand. | [Board Meeting Outcome for Outcome Of Board Meeting Under SEBI [LODR) Regulations 2015 29 May - Board approved audited FY26 results on 29 May 2026; auditor noted going-concern uncertainty and Rs 2.45 crore GST demand.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fbd91215-d0c5-4d11-bc51-5b804165238e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a7b083ca-3657-4a16-9273-196c7aed6460.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0be1625-c124-4c22-8b99-24179632f865.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ad78e2a-cc8c-40f5-8116-6c28ebb459bd.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3a22a96a-a7c2-4e1b-827a-36b131dc0581.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c95dc55-89df-491f-b303-246659f9a4d0.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/086d437c-fa09-4e48-8daa-a7a2a1b09155.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/504671/76980504671.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/543500/75543543500.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/504671/72109504671.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/504671/66513504671_08_09_20.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 2026-09-13T19:31:54.742Z.