---
title: "Steelman Telecom Ltd (543622) — Share Price, Financials & Analysis"
symbol: "543622"
company: "Steelman Telecom Ltd"
canonical: "https://tapetide.com/stocks/543622"
isin: "INE0MSK01016"
nse_symbol: "STEELMANTELECOMLTD"
bse_code: "543622"
sector: "Telecom"
industry: "Telecom Services"
market_cap_cr: 74.5
generated_at: "2026-09-13T20:16:17.124Z"
---

# Steelman Telecom Ltd (543622)

Canonical page: https://tapetide.com/stocks/543622

## Company

- **NSE Symbol:** STEELMANTELECOMLTD
- **BSE Code:** 543622
- **ISIN:** INE0MSK01016
- **Sector:** Telecom
- **Industry:** Telecom Services
- **Macro Sector:** Telecommunication
- **Stock Type:** EQUITY
- **Listed Since:** 2022-10-10
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** steelmantelecom.com

## About

Incorporated in 2003, Steelcom Telecom Ltd deals in contractual maintenance work and business of interior work[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:44:41.828707Z.

- **Market Cap:** ₹74.5 Cr
- **Classification:** SME
- **P/E (reported):** -5
- **EPS (reported):** ₹0
- **Book Value:** ₹29.6
- **Price to Book:** 2.6
- **Dividend Yield:** 0%
- **ROE:** -65.35%
- **ROCE:** -7.29%
- **Debt to Equity:** 2.72
- **Revenue (yearly):** ₹231.6 Cr
- **Net Income:** ₹-14.8 Cr
- **EBITDA:** ₹15.5 Cr
- **52-Week High:** ₹132
- **52-Week Low:** ₹49
- **RSI (14):** 20.31

## Key Insights

### Strengths

- Debtor days have improved from 48.6 to 37.1 days.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -10.5% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 293.41% | 369.61% | 797.57% |
| ebitda margin growth | 132.75% | 74.41% | -2.48% |
| net income growth | 66.29% | 23.33% | -648.15% |
| revenue growth | -0.47% | 20% | 18.01% |
| roce | -38.38% | -52.66% | -1.19% |
| roe | 159.22% | -40.92% | -472.58% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 55 | 80 | 104 | 116 | 102 | 129 | 117 | 114 |
| Expenses | 55 | 74 | 99 | 113 | 99 | 127 | 114 | 102 |
| Operating Profit | 0 | 5 | 4 | 3 | 2 | 3 | 3 | 11 |
| OPM % | 0.9 | 7 | 4.1 | 2.5 | 2.2 | 2 | 2.3 | 10 |
| Other Income | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Interest | 1 | 2 | 3 | 2 | 2 | 3 | 4 | 4 |
| Depreciation | 1 | 3 | 7 | 8 | 7 | 9 | 10 | 10 |
| Profit before tax | -1 | 2 | -5 | -7 | -7 | -8 | -10 | -1 |
| Tax % | -59 | 37 | 21 | -24 | 46 | -109 | -13 | 343 |
| Net Profit | 0 | 1 | -6 | -6 | -10 | 1 | -9 | -6 |
| EPS in Rs | -0.01 | 0.85 | -1.59 | -1.69 | -3.54 | 2.08 | -2.9 | -3.56 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 87 | 100 | 135 | 220 | 231 | 230 |
| Expenses | 84 | 94 | 129 | 212 | 226 | 216 |
| Operating Profit | 3 | 6 | 6 | 7 | 5 | 14 |
| OPM % | 3.2 | 6 | 4.3 | 3.3 | 2.1 | 6 |
| Other Income | 0 | -1 | 1 | 1 | 2 | 1 |
| Interest | 2 | 1 | 2 | 5 | 6 | 8 |
| Depreciation | 1 | 1 | 4 | 16 | 16 | 19 |
| Profit before tax | 0 | 4 | 1 | -13 | -14 | -12 |
| Tax % | 164 | 26 | 22 | -5 | -38 | 27 |
| Net Profit | 0 | 3 | 1 | -12 | -9 | -15 |
| EPS in Rs | -0.44 | 5.4 | 0.86 | -3.29 | -1.47 | -6.47 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 10 | 10 | 10 | 10 |
| Reserves | 5 | 10 | 25 | 27 | 25 | 19 |
| Borrowings | 15 | 15 | 47 | 47 | 85 | 79 |
| Other Liabilities | 12 | 15 | 21 | 24 | 31 | 28 |
| Total Liabilities | 36 | 45 | 103 | 107 | 151 | 135 |
| Fixed Assets | 3 | 2 | 37 | 39 | 53 | 37 |
| CWIP | 0 | 0 | 7 | 0 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 32 | 43 | 59 | 68 | 96 | 98 |
| Total Assets | 36 | 45 | 103 | 107 | 151 | 135 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -3 | -2 | 0 | 3 | -7 | 14 |
| Cash from Investing Activity | 0 | 0 | -46 | -13 | -32 | -3 |
| Cash from Financing Activity | 1 | 2 | 49 | 9 | 39 | -12 |
| Net Cash Flow | -2 | 0 | 2 | -1 | 0 | -1 |
| Free Cash Flow | -3 | -2 | -46 | -8 | -38 | 11 |
| CFO/OP | -84 | -33 | -6 | 44 | -145 | 101 |

### Ratios

| Item | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 60 | 77 | 84 | 52 | 57 | 37 |
| Cash Conversion Cycle | 60 | 77 | 84 | 52 | 57 | 37 |
| Working Capital Days | -16 | 18 | -15 | -19 | -19 | -25 |
| ROCE % | — | — | 6 | -9 | -9 | -4 |

## Shareholding Pattern

### 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 | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% | 71.98% |
| FIIs | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 16.85% | 16.39% | 17.24% | 16.42% | 16.63% | 16.98% | 16.05% | 16.06% | 16.16% | 15.82% | 15.71% | 15.68% |
| Others | 8.84% | 9.3% | 8.46% | 9.28% | 9.07% | 8.72% | 9.65% | 9.64% | 9.54% | 9.87% | 9.98% | 10.02% |
| No. of Shareholders | 556 | 525 | 512 | 487 | 461 | 494 | 446 | 436 | 453 | 436 | 430 | 424 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 6 / 5

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 69.6 | Buy |
| EMA (10) | 70.71 | Buy |
| SMA (20) | 67.64 | Buy |
| EMA (20) | 68.82 | Buy |
| SMA (50) | 66.32 | Buy |
| EMA (50) | 70.06 | Buy |
| SMA (100) | 77.83 | Sell |
| EMA (100) | 79.79 | Sell |
| SMA (200) | 106.26 | Sell |
| EMA (200) | 98.03 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.54 | Neutral |
| MACD (12,26,9) | 1.75 | Buy |
| Stochastic (14,3,3) | 91.34 | Sell |
| ADX (14) | 14.26 | Neutral |
| Williams %R (14) | -25.72 | Neutral |
| ATR (14) | 4.06 | High Volatility |
| ROC (12) | 16.13 | Buy |
| Stoch RSI (14) | 55.12 | Neutral |
| UO (7,14,28) | 57.02 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8add20a4-23a5-4140-a049-6d40ea4f000a.pdf) |
| 2026-08-25 | [Submission Of Notice Of The 23Rd Annual General Meeting Of The Company For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5c94bf6-5056-458e-b82e-6e77be300e40.pdf) |
| 2026-08-25 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=469f70b5-3f2a-4c43-be0e-126874576688.pdf) |
| 2026-08-20 | [Board Meeting Outcome for OUTCOME OF BOARD MEETING HELD ON THURSDAY 20TH AUGUST 2026 - DISCLOSURE PURSUANT TO REGULATION 30 OF THE SEBI (LISTING OBLIGATION & DISCLOSURE REQUIREMENTS) REGULATIONS 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ddc86c1a-5176-42b4-982c-ce65b8e249c2.pdf) |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Preferential Issue](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f9039dd-275f-4656-8c9c-cebf69b4cdd5.pdf) |
| 2026-08-20 | [INTIMATION OF 23RD ANNUAL GENERAL MEETING OF STL AND BOOK CLOSURE](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=152308b7-60c8-4bd6-accb-d5083f73b75d.pdf) |
| 2026-08-20 | [INTIMATION UNDER REGULATION 42 OF SEBI (LODR) 2015 INTIMATION OF BOOK CLOSURE FOR THE PURPOSE OF ANNUAL GENERAL MEETING OF STEELMAN TELECOM LIMITED](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=495ba1f4-de12-427e-a47b-0e640f314242.pdf) |
| 2026-08-12 | [Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Thursday 20Th August 2026 For Approving Matters Regarding 23Rd AGM Of Steelman Telecom Limited.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=db21ac14-56c8-48fb-b719-f11cfbffd703.pdf) |
| 2026-07-14 | [Intimation Regarding Receipt Of GST Appreciation Certificate Under Regulation 30 Of SEBI(LODR) 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7a79927-07cc-4048-bda3-c2a9d3a69ccb.pdf) |
| 2026-07-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7be8d001-cf22-48d8-a0f8-3f3d25cccb62.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-29 | [Audited Annual Financial Results(Consolidated & Standalone) For The Year Ended 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f78ce903-1e27-4614-93df-10335a3d8d44.pdf) |
| 2025-11-14 | [Approval Of Un-Audited Standalone And Consolidated Financial Results For The Half Year Ended 30Th September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=279f339e-0883-49e1-8fd7-489a79126aa0.pdf) |
| 2025-05-30 | [Auditors Report Along With The Annual Audited Standalone & Consolidated Financial Results Of The Company For The Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f736064-7e57-47c4-9d86-47619e250dc1.pdf) |
| 2024-11-14 | [Approval Of Un-Audited Standalone And Consolidated Financial Results For The Half Year Ended 30Th September 2024:](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c5db41e-d051-4253-b33e-0f5bb542d988.pdf) |
| 2024-11-14 | [Un-Audited Financial Result For The Half Year Ended As On 30.09.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98d5877c-4fa7-4f55-8c9f-72cf85cffd19.pdf) |
| 2024-05-30 | [Approval Of Audited Annual Financial Results For The Year Ended 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5283a483-e104-454e-88fc-08fdc5a60837.pdf) |
| 2023-11-14 | [Un-Audited Financial Result (Consolidated And Standalone) For The Half Year Ended 30.09.2023 With Limited Review Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a7f4f20b-4bc8-4fde-8e92-72be823ff136.pdf) |
| 2023-05-30 | [Annual Audited Standalone & Consolidated Financial Results Of The Company For The Financial Year Ended March 31, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbf2cba0-2289-42c0-aec9-ff0f81442daf.pdf) |
| 2022-11-18 | [Related Party Disclosure Under Regulation 23(9) Of SEBI (LODR) Regulations, 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d5cbe82a-1642-441d-8e4a-13187072afe9.pdf) |
| 2022-11-14 | [Un-Audited Financial Results For The Half Year Ended 30Th September,2022 Along With Limited Review Report.<BR>](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6892a6be-adcc-46e5-b371-4cbb8da0489c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Steelman Telecom declares Regulation 24A annual secretarial compliance report not applicable for FY2025-26 as BSE SME-listed. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 9 Apr - Steelman Telecom declares Regulation 24A annual secretarial compliance report not applicable for FY2025-26 as BSE SME-listed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19ccaabf-e754-494d-b710-9f48c1be0d41.pdf) |
| 28 Jan - Copy of newspaper publication of the financial results for the third quarter and nine months ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Jan - Copy of newspaper publication of the financial results for the third quarter and nine months ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7eea988e-c5e9-498d-9101-71a7d6c11dd6.pdf) |
| 27 Jan - Audio of Jan 27, 2026 investor conference on Q3 and nine months ended Dec 31, 2025 uploaded. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 27 Jan - Audio of Jan 27, 2026 investor conference on Q3 and nine months ended Dec 31, 2025 uploaded.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0889ed65-d020-4767-81c3-23f676e0e3a5.pdf) |
| 25 Feb - Raymond Realty will not deliver any formal presentation at the investor conference on Feb 25, 2026. | [Announcement Under Regulation 30 Of SEBI Listing Regulations - Updates 25 Feb - Raymond Realty will not deliver any formal presentation at the investor conference on Feb 25, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/391e227a-3bc3-43ae-a411-81ee3338308b.pdf) |
| 24 Feb - Newspaper Advertisement for the NOTICE of EGM to the Shareholders of the Steelman Telecom limited. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Feb - Newspaper Advertisement for the NOTICE of EGM to the Shareholders of the Steelman Telecom limited.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b03be978-b87f-44e3-ae73-2c8ccdac3544.pdf) |
| 23 Feb - EGM 19-Mar-2026: increase authorised capital by Rs1.5 crore; approve material related-party loans (Rs20cr, Rs10–18cr). | [Submission Of Notice Of An Extra Ordinary-General Meeting Of The Company To Be Held On Thursday, 19Th March, 2026 23 Feb - EGM 19-Mar-2026: increase authorised capital by Rs1.5 crore; approve material related-party loans (Rs20cr, Rs10–18cr).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/47feede8-40e5-495a-badd-c353a88d9917.pdf) |
| 21 Feb - Shareholders approved Raymond Realty Employees Stock Option Plan 2025 and related trust actions on Feb 21, 2026. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 21 Feb - Shareholders approved Raymond Realty Employees Stock Option Plan 2025 and related trust actions on Feb 21, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4eae7494-0335-4741-beaa-341394746179.pdf) |
| 21 Feb - Feb 21, 2026: Shareholders approved Raymond Realty Employees Stock Option Plan 2025, trust implementation, extension to group, secondary acquisition, funding. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 21 Feb - Feb 21, 2026: Shareholders approved Raymond Realty Employees Stock Option Plan 2025, trust implementation, extension to group, secondary acquisition, funding.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b717013d-86cc-4b01-9064-693a9289154b.pdf) |
| 21 Apr - Steelman Telecom says large corporate debt disclosure norms don’t apply for FY ended 31.03.2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 21 Apr - Steelman Telecom says large corporate debt disclosure norms don’t apply for FY ended 31.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f6a3e2ce-13ab-44bd-8fdc-414ba1a4281a.pdf) |
| 2 Mar - Participating in Arihant Capital virtual meetings on 09-Mar-26; presenting Q3 FY26 and 9M FY26 results. | [Announcement Under Regulation 30 Of SEBI Listing Regulations - Analyst / Investor Conference 2 Mar - Participating in Arihant Capital virtual meetings on 09-Mar-26; presenting Q3 FY26 and 9M FY26 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc7d1312-ea85-46f8-b23c-c895fd110b89.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/177b1086-d001-46dc-8332-a6f8b0da551b.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22f69ebb-df42-405e-87cf-e120a7505fe0.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0dcbf0e-163b-4cae-88d9-b508587ca14c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4040421-179f-439b-b1e8-2cc28e2ba0e8.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b68110ac-127a-4076-814a-6bf1a102bb70.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/534bbab0-f7b1-4ed0-92e2-4845b591e14e.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 2026-09-13T20:16:17.124Z.