---
title: "Rakan Steels Ltd (513480) — Share Price, Financials & Analysis"
symbol: "513480"
company: "Rakan Steels Ltd"
canonical: "https://tapetide.com/stocks/513480"
bse_code: "513480"
generated_at: "2026-10-13T10:59:45.328Z"
---

# Rakan Steels Ltd (513480)

Canonical page: https://tapetide.com/stocks/513480

## Company

- **BSE Code:** 513480
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- 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

- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y |
| --- | --- |
| revenue growth | 91% |

## Financial Statements

### Quarterly Results

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

| Item | 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 |
| Profit before tax | 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 in Rs | 0.02 | 0.01 | 0 | 0 | 0.05 | -0.04 | 0.8 | 0.01 | -2.2 |

### Profit & Loss

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

| Item | 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 |
| Profit before tax | 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 in Rs | — | — | — | — | — | — | 0.03 | 0.9 |
| Dividend Payout % | 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 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

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

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 0 | 0 | -3.45 | -0.28 | 2 | 3.91 |
| Cash from Investing Activity | — | — | 0 | 0 | -0.01 | -0.12 | -0.46 | -0.81 |
| Cash from Financing Activity | — | — | 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/OP | — | — | 0 | 0 | -585 | -45 | 269 | 101 |

### Ratios

| Item | 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 | 900.7 | 847.7 | 319.96 | 475.89 | 138.35 | 89.9 | 205.36 | 69.56 |
| Days Payable | 208.17 | 322.68 | 133.01 | 167.87 | 10.05 | 12.57 | 28.19 | 6.85 |
| Cash Conversion Cycle | 708.72 | 572.04 | 238.05 | 362.56 | 184.8 | 133.97 | 221.47 | 84.09 |
| Working Capital Days | 686.4 | 554.22 | 220.46 | 316.51 | 172.26 | 122.29 | 175.75 | 68.14 |
| ROCE % | — | 2.91 | 2.46 | 3.49 | 6.81 | 7.08 | — | 40.67 |

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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 2026-10-13T10:59:45.328Z.