---
title: "Southern Iron & Steel Company Ltd(merged) (530491) — Share Price, Financials & Analysis"
symbol: "530491"
company: "Southern Iron & Steel Company Ltd(merged)"
canonical: "https://tapetide.com/stocks/530491"
isin: "INE710B01014"
bse_code: "530491"
generated_at: "2026-10-13T11:01:33.146Z"
---

# Southern Iron & Steel Company Ltd(merged) (530491)

Canonical page: https://tapetide.com/stocks/530491

## Company

- **BSE Code:** 530491
- **ISIN:** INE710B01014
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jsw.in

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.57.7 Cr.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -27% |
| revenue growth | 38% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1646 | 936 | 343 | 330 | 1426 | 739 | 1093 | 969 | 2122 | 435 | 740 | 498 |
| Expenses | 1300 | 1085 | 438 | 397 | 1303 | 926 | 1064 | 960 | 2047 | 705 | 1336 | 695 |
| Operating Profit | 346 | -149 | -95 | -66 | 123 | -187 | 29 | 9 | 75 | -270 | -596 | -197 |
| OPM % | 21 | -16 | -28 | -20 | 9 | -25 | 3 | 1 | 4 | -62 | -80 | -40 |
| Other Income | 284 | 379 | 262 | 218 | 526 | 960 | 253 | 271 | 559 | 1186 | 1210 | 514 |
| Interest | 54 | 30 | 48 | 43 | 31 | 41 | 45 | 42 | 46 | 33 | 22 | 31 |
| Depreciation | 7 | 7 | 7 | 14 | 16 | 17 | 18 | 18 | 21 | 22 | 26 | 32 |
| Profit before tax | 570 | 193 | 111 | 95 | 601 | 716 | 219 | 220 | 567 | 861 | 566 | 255 |
| Tax % | 20 | 31 | 35 | 34 | 20 | 28 | -52 | 28 | 33 | 30 | 29 | 24 |
| Net Profit | 454 | 134 | 73 | 63 | 478 | 519 | 334 | 158 | 378 | 598 | 403 | 194 |
| EPS in Rs | 14.82 | 4.49 | 2.4 | 2.24 | 16.95 | 18.7 | 12.06 | 5.4 | 12.68 | 19.92 | 13.45 | 6.48 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Sales | 498 | 688 |
| Expenses | 442 | 593 |
| Operating Profit | 56 | 94 |
| OPM % | 11 | 14 |
| Other Income | 5 | 58 |
| Interest | 12 | 53 |
| Depreciation | 47 | 48 |
| Profit before tax | 1 | 51 |
| Tax % | -6666 | -7 |
| Net Profit | 41 | 55 |
| EPS in Rs | — | 2.06 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Equity Capital | 267 | 267 |
| Reserves | -107 | -53 |
| Borrowings | 1075 | 1474 |
| Other Liabilities | 124 | 307 |
| Total Liabilities | 1359 | 1995 |
| Fixed Assets | 765 | 721 |
| CWIP | 297 | 952 |
| Investments | 28 | 0 |
| Other Assets | 269 | 322 |
| Total Assets | 1359 | 1995 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Cash from Operating Activity | 8 | 209 |
| Cash from Investing Activity | -358 | -524 |
| Cash from Financing Activity | 325 | 332 |
| Net Cash Flow | -25 | 18 |
| Free Cash Flow | -298 | -450 |
| CFO/OP | 14 | 222 |

### Ratios

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Debtor Days | 27 | 24 |
| Inventory Days | 95 | 65 |
| Days Payable | 116 | 221 |
| Cash Conversion Cycle | 6 | -133 |
| Working Capital Days | 35 | -55 |
| ROCE % | — | 5 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.91% | 74.87% | 70.83% | 64.45% | 58.44% | 58.43% | 58.48% | 58.48% | 46.67% | 47.17% |
| FIIs | 8.89% | 8.88% | 13.79% | 19.25% | 27.89% | 28.38% | 27.09% | 29.67% | 30.54% | 28.15% |
| DIIs | 2.85% | 2.49% | 1.64% | 4.97% | 5.22% | 4.56% | 4.69% | 5.56% | 9.33% | 10.78% |
| Public | 13.35% | 13.76% | 13.74% | 11.33% | 8.45% | 8.63% | 9.74% | 6.31% | 13.46% | 13.92% |
| No. of Shareholders | 37679 | 40928 | 42053 | 47785 | 73516 | 175189 | 198301 | 132152 | 163470 | 181277 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.48% | 58.48% | 58.48% | 58.48% | 58.48% | 58.47% | 58.47% | 46.5% | 46.67% | 46.7% | 47.05% | 47.17% |
| FIIs | 27.09% | 28.85% | 29.25% | 29.73% | 29.67% | 29.91% | 28.33% | 30.85% | 30.54% | 30.54% | 28.31% | 28.15% |
| DIIs | 4.69% | 4.29% | 4.61% | 4.69% | 5.56% | 5.62% | 7.12% | 9.41% | 9.33% | 9.07% | 10.42% | 10.78% |
| Public | 9.74% | 8.37% | 7.66% | 7.1% | 6.31% | 5.98% | 6.08% | 13.27% | 13.46% | 13.7% | 14.22% | 13.92% |
| No. of Shareholders | 198301 | 165666 | 152769 | 141035 | 132152 | 133402 | 138274 | 149218 | 163470 | 172914 | 188989 | 181277 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 40.21 | Sell |
| EMA (10) | 39.88 | Sell |
| SMA (20) | 42.35 | Sell |
| EMA (20) | 40.59 | Sell |
| SMA (50) | 38.53 | Sell |
| EMA (50) | 39.84 | Sell |
| SMA (100) | 39.03 | Sell |
| EMA (100) | 40.15 | Sell |
| SMA (200) | 43.49 | Sell |
| EMA (200) | 42.1 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.63 | Neutral |
| MACD (12,26,9) | -0.3 | Sell |
| Stochastic (14,3,3) | 8.38 | Buy |
| ADX (14) | 26.95 | Buy |
| Williams %R (14) | -89.8 | Buy |
| ATR (14) | 2.13 | High Volatility |
| ROC (12) | -14.36 | Sell |
| Stoch RSI (14) | 0.96 | Buy |
| UO (7,14,28) | 42.99 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/xml-data/corpfiling/AttachLive/bd9060f6-a796-4b51-9290-6c479c9178ce.pdf) |
| 2026-03-04 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b64947af-81c8-48e9-a262-f15f5b24594f.pdf) |
| 2026-03-04 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ccbfa468-1057-40c5-91ce-ee8ec98cb5ea.pdf) |
| 2026-02-23 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68410c85-fb27-4554-83ae-71a01ca7e5b6.pdf) |
| 2026-02-21 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13A8E759_AADC_4AA1_A16E_2660C3E8F20E_121140.pdf) |
| 2026-02-21 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9943F0F3_F35D_420B_93C2_1A6B90B79F8F_121245.pdf) |
| 2026-02-19 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/da7ffa39-eeb7-4993-9314-f4ffe6355428.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8eed9f7-7877-444a-84b7-46893199fbb4.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fcf2e8f7-f789-4843-9874-9fab2dbab3fc.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7f50807b-5624-470b-a862-2f9249ce960a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7a2bfb2d-c967-4292-b5ae-39695395bc59.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2934416-6c25-47ee-856a-910573839bc5.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a8821ed-18b5-461b-9b57-f368b2b316ba.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/533150/73530533150.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/533150/68851533150.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/533150/5331500320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/533150/5331500319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/533150/5331500318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/533150/5331500317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/533150/5331500316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8eed9f7-7877-444a-84b7-46893199fbb4.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1cb6e13c-8247-4499-a8a0-7225a91f2afa.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5601bf17-5e80-4757-bce5-257b021837cf.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e00c373-9b46-4e2f-b812-b63587b906e1.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/97da2721-3d3a-4e9a-94a4-8dc93f5434de.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d5cf540d-4582-4d44-8e7e-9490bef41a10.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c58d77f2-86ed-4140-b873-e90373b8b29e.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c00151b7-15b6-4252-8d36-792d7029247f.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcadc31b-f557-453e-84e2-29c32b7ce138.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0a8b850-a378-44be-b90a-3eb38ec900da.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-17 | Credit rating update — ICRA |
| 2025-10-06 | Credit rating update — CRISIL |
| 2025-07-23 | Credit rating update — India Ratings |
| 2025-07-21 | Credit rating update — ICRA |
| 2025-06-20 | Credit rating update — CRISIL |
| 2025-06-03 | Credit rating update — India Ratings |

---

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 2026-10-13T11:01:33.146Z.