---
title: "Sirhind Steel Ltd (530593) — Share Price, Financials & Analysis"
symbol: "530593"
company: "Sirhind Steel Ltd"
canonical: "https://tapetide.com/stocks/530593"
bse_code: "530593"
generated_at: "2026-10-13T11:01:12.447Z"
---

# Sirhind Steel Ltd (530593)

Canonical page: https://tapetide.com/stocks/530593

## Company

- **BSE Code:** 530593
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Sirhind Steel Limited manufactures and distributes steel bars and rods.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Company has a low return on equity of 5.45% over last 3 years.
- Earnings include an other income of Rs.16.0 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 40% | 19% | 13% |
| revenue growth | -27% | 30% | -42% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.61 | 1.12 | 3.69 | 0.54 | 0.23 | 1.05 | 1.19 | 1.74 | 0.38 | 0.35 | 2.17 | 0.16 |
| Expenses | 0.1 | 0.11 | 1.47 | 0.16 | 0.09 | 0.1 | 0.22 | 0.2 | 5.2 | 0.14 | 0.19 | 0.16 |
| Operating Profit | 0.51 | 1.01 | 2.22 | 0.38 | 0.14 | 0.95 | 0.97 | 1.54 | -4.82 | 0.21 | 1.98 | 0 |
| OPM % | 83.61 | 90.18 | 60.16 | 70.37 | 60.87 | 90.48 | 81.51 | 88.51 | -1268.42 | 60 | 91.24 | 0 |
| Other Income | 3.16 | 0.28 | 0.55 | 0.29 | 0.24 | 0.38 | 1.28 | 0.26 | 10.45 | 0.48 | 1.16 | 3.95 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.07 | 0.08 | 0.16 | 0.06 | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
| Profit before tax | 3.6 | 1.21 | 2.61 | 0.61 | 0.32 | 1.27 | 2.19 | 1.76 | 5.59 | 0.65 | 3.1 | 3.92 |
| Tax % | 0 | 0 | 32.57 | 0 | 0 | 37.8 | -6.39 | 2.84 | 20.93 | 0 | 5.48 | 18.62 |
| Net Profit | 3.6 | 1.22 | 1.75 | 0.61 | 0.32 | 0.79 | 2.32 | 1.71 | 4.42 | 0.64 | 2.93 | 3.2 |
| EPS in Rs | 8.99 | 3.05 | 4.37 | 1.52 | 0.8 | 1.97 | 5.79 | 4.27 | 11.04 | 1.6 | 7.32 | 7.99 |

### Profit & Loss

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

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 86 | 67 | 67 | 106 | 50 | 3 | 6 | 5 | 7 | 3 |
| Expenses | 86 | 66 | 66 | 102 | 47 | 2 | 5 | 2 | 6 | 6 |
| Operating Profit | 0 | 1 | 1 | 4 | 2 | 2 | 1 | 4 | 1 | -3 |
| OPM % | 0.5 | 1.2 | 1.4 | 3.4 | 4.9 | 50 | 23 | 68 | 9 | -86 |
| Other Income | 3 | 6 | 3 | 0 | 0 | 3 | 6 | 1 | 11 | 16 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 7 | 4 | 3 | 3 | 4 | 7 | 4 | 11 | 13 |
| Tax % | 24 | 14 | 10 | 21 | 2 | 8 | 12 | 8 | 13 | — |
| Net Profit | 2 | 6 | 3 | 3 | 2 | 4 | 6 | 4 | 10 | 11 |
| EPS in Rs | 5.32 | 14.21 | 8.17 | 6.72 | 6.22 | 9.22 | 15.96 | 10.09 | 24.23 | 27.95 |
| 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 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 38 | 40 | 46 | 49 | 52 | 54 | 58 | 64 | 68 | 78 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 7 | 3 | 4 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 48 | 47 | 54 | 54 | 57 | 59 | 62 | 68 | 73 | 82 |
| Fixed Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 23 | 24 | 35 | 29 | 26 | 46 | 46 | 54 | 52 | 40 |
| Other Assets | 24 | 22 | 18 | 24 | 30 | 12 | 15 | 14 | 19 | 42 |
| Total Assets | 48 | 47 | 54 | 54 | 57 | 59 | 62 | 68 | 73 | 82 |

### Cash Flow

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5 | 3 | -1 | 5 | -4 | 9 | -8 | -2 | -3 | -25 |
| Cash from Investing Activity | -1 | 1 | -7 | 8 | 5 | -16 | 1 | -4 | 4 | 19 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 3 | 5 |
| Net Cash Flow | 4 | 4 | -8 | 14 | 1 | -7 | -7 | -1 | 5 | -2 |
| Free Cash Flow | 6 | 4 | -2 | 5 | -4 | 9 | -8 | 1 | -3 | -20 |
| CFO/OP | 499 | 1008 | -87 | 602 | -102 | 386 | -487 | -76 | -75 | -4017 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 41 | 16 | 35 | 18 | 22 | 3 | 0 | 0 | 0 | 0 |
| Inventory Days | 24 | 18 | 25 | 16 | 20 | 0 | — | — | — | — |
| Days Payable | 13 | 2 | 3 | 2 | 2 | — | — | — | — | — |
| Cash Conversion Cycle | 52 | 32 | 57 | 32 | 40 | 3 | 0 | 0 | 0 | 0 |
| Working Capital Days | 59 | 37 | 63 | 31 | 37 | 5 | 18 | -6 | -1 | 6 |
| ROCE % | — | 5 | 11 | 7 | 6 | 4 | 5 | 6 | 5 | 7 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Jun 2017 |
| --- | --- | --- |
| Promoters | 89.98% | 89.98% |
| Public | 10.02% | 10.02% |
| No. of Shareholders | 186 | 186 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 89.98% | 89.98% | 89.98% | 89.98% | 89.98% |
| Public | 10.02% | 10.02% | 10.02% | 10.02% | 10.02% |
| No. of Shareholders | 187 | 186 | 186 | 186 | 186 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 55.97 | Sell |
| EMA (10) | 55.8 | Sell |
| SMA (20) | 55.78 | Sell |
| EMA (20) | 55.69 | Sell |
| SMA (50) | 55.33 | Sell |
| EMA (50) | 55.5 | Sell |
| SMA (100) | 55.45 | Sell |
| EMA (100) | 55.46 | Sell |
| SMA (200) | 55.42 | Sell |
| EMA (200) | 55.54 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.88 | Neutral |
| MACD (12,26,9) | 0.17 | Sell |
| Stochastic (14,3,3) | 10.17 | Buy |
| ADX (14) | 49.32 | Buy |
| Williams %R (14) | -82.26 | Buy |
| ATR (14) | 2.33 | High Volatility |
| ROC (12) | 0.18 | Buy |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 38.57 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e644d340-bf7c-4ed5-83f8-94034f942198.pdf) |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cfbf70a1-bad9-4a90-aca1-295bd5c854be.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e2e54c7-05a4-47c9-ad5b-fb1910813665.pdf) |
| 2026-02-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eef72bbf-9a79-438d-b1c8-8adc02004001.pdf) |
| 2026-02-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80b2fd18-7313-4e0c-a70c-439c69fb32fa.pdf) |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3262434f-461d-49c6-9da7-08d0de3ae07a.pdf) |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fb576a3a-fd01-4581-8cab-a9024af4e23e.pdf) |
| 2017-08-12 | [Financial Result For Quarter Ended As On 30Th June,2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36e985ad-05ac-4dd8-a0a6-1b8a22117742.pdf) |
| 2017-08-12 | [Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7df4753-2596-4810-83bb-c6e9de48dc85.pdf) |
| 2017-08-12 | [Scrutinizer's Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7214c88b-cf7e-4efa-b4ba-753283a9cda7.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6bc00f9b-469b-4752-ac7d-a40bcfc54c9b.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e8bbafd-e42e-4590-bea0-a69a9c3ccbdb.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e2e54c7-05a4-47c9-ad5b-fb1910813665.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c919be9-3fed-4f6a-b60c-63b3c092e73d.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5456c83d-7d3e-4b9d-bff9-b82223a0dac4.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a088792-c9b1-4fe0-b374-29042f83ea6f.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/69b47435-e37f-4742-bbf5-0bf2e4f22bd4.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fb76fc6-7956-456d-829f-e0a641c8547e.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/746d9734-18c1-44a3-80e9-3fff1763dc60.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/79d63168-92c5-4d88-bfa2-192e85bc18fa.pdf) |
| Mar 2024 | [Concall - Mar 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0a14b1e-14e8-4a5e-ad48-3fdc9d893ed3.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-27 | Credit rating update — CRISIL |
| 2024-07-29 | Credit rating update — CRISIL |
| 2023-11-28 | Credit rating update — CRISIL |
| 2022-10-07 | Credit rating update — CARE Ratings |
| 2022-09-02 | Credit rating update — CRISIL |
| 2021-10-07 | Credit rating update — CARE 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 2026-10-13T11:01:12.447Z.