5
Panchmahal Steel
PANCHMAHQ NSE
Panchmahal Steel
IndustrialsNSE: PANCHMAHQ BSE: 513511 Industrial Products
Key Fundamentals
MicrocapIron & Steel ProductsIndustrial ProductsMarket Cap
₹553 Cr
Volatility
Moderate
P/E Ratio
133.97
EBITDA
₹14.10 Cr
Return on Equity
-1.5%
Debt to Equity
0.23
Book Value
₹78.98
52W High
₹331
52W Low
₹253.95
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
3- Stock is trading at 3.54 times its book value
- The company has delivered a poor sales growth of 2.54% over past five years.
- Company has a low return on equity of 0.85% over last 3 years.
Growth Rate
Revenue Growth
0.36% higher than
3Y
Net Income Growth
-170% higher than
3Y
Cash Flow Change
666% higher than
3Y
ROE
-172% lower than
3Y
ROCE
-35.64% higher than
3Y
EBITDA Margin (Avg.)
-22.67% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | 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 | 107 | 119 | 103 | 98.5 | 98.13 | 99.05 | 94.72 | 91.21 | 87.54 | 92.63 | 98.11 | 106 | 93.97 |
| Expenses | 103 | 115 | 101 | 92.88 | 92.84 | 94.15 | 89.49 | 91.12 | 87.74 | 89.45 | 93.7 | 102 | 85.78 |
| Operating Profit | 4.31 | 3.94 | 1.85 | 5.62 | 5.29 | 4.9 | 5.23 | 0.09 | -0.2 | 3.18 | 4.41 | 3.76 | 8.19 |
| OPM % | 4.01% | 3.31% | 1.8% | 5.71% | 5.39% | 4.95% | 5.52% | 0.1% | -0.23% | 3.43% | 4.49% | 3.55% | 8.72% |
| Other Income | 0.35 | 1.16 | 1.66 | 1.07 | 0.68 | 0.94 | 0.53 | 0.56 | 1.04 | 0.74 | 0.67 | 0.53 | 0.64 |
| Interest | 2.48 | 2.13 | 1.93 | 1.41 | 1.39 | 1.37 | 1.51 | 1.34 | 1.47 | 1.14 | 1.44 | 1.36 | 1.03 |
| Depreciation | 2.01 | 2.02 | 2.02 | 2.04 | 2.01 | 2.01 | 2.01 | 2.02 | 1.99 | 1.99 | 2 | 2.01 | 2 |
| PBT | 0.17 | 0.95 | -0.44 | 3.24 | 2.57 | 2.46 | 2.24 | -2.71 | -2.62 | 0.79 | 1.64 | 0.92 | 5.8 |
| Tax % | 23.53% | 25.26% | -27.27% | 25% | 25.29% | 27.64% | 25.89% | -24.72% | -26.72% | 30.38% | 25.61% | 331.52% | 25.17% |
| Net Profit | 0.13 | 0.71 | -0.32 | 2.44 | 1.91 | 1.78 | 1.66 | -2.03 | -1.92 | 0.55 | 1.23 | -2.12 | 4.34 |
| EPS in Rs | 0.07 | 0.37 | -0.17 | 1.28 | 1 | 0.93 | 0.87 | -1.06 | -1.01 | 0.29 | 0.64 | -1.11 | 2.27 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 390 | 290 | 329 | 396 | 453 | 330 | 339 | 574 | 489 | 428 | 383 | 384 | 391 |
| Expenses | 380 | 292 | 311 | 379 | 430 | 327 | 316 | 498 | 473 | 412 | 368 | 373 | 371 |
| Operating Profit | 11 | -2 | 18 | 16 | 23 | 4 | 23 | 76 | 16 | 16 | 16 | 11 | 20 |
| OPM % | 2.7% | -0.6% | 5% | 4.2% | 5% | 1.2% | 7% | 13% | 3.2% | 3.7% | 4% | 2.9% | 5% |
| Other Income | 3 | 3 | 4 | 5 | 2 | 2 | 4 | 4 | 1 | 4 | 3 | 3 | 3 |
| Interest | 11 | 11 | 14 | 13 | 14 | 14 | 10 | 6 | 7 | 8 | 6 | 5 | 5 |
| Depreciation | 9 | 8 | 8 | 8 | 8 | 8 | 7 | 8 | 8 | 8 | 8 | 8 | 8 |
| PBT | -6 | -19 | 0 | 0 | 4 | -15 | 10 | 67 | 2 | 4 | 5 | 1 | 9 |
| Tax % | -37% | -33% | -16% | -41% | 33% | 112% | 0% | 12% | 28% | 24% | 27% | 405% | — |
| Net Profit | -4 | -13 | 0 | 1 | 3 | -32 | 10 | 59 | 1 | 3 | 3 | -2 | 4 |
| EPS in Rs | -1.85 | -6.6 | 0.15 | 0.29 | 1.34 | -16.88 | 5.14 | 30.71 | 0.72 | 1.56 | 1.75 | -1.18 | 2.09 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 0% | 0% | 172% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 115 | 102 | 102 | 102 | 104 | 73 | 83 | 141 | 135 | 138 | 141 | 132 |
| Borrowings | 56 | 62 | 70 | 70 | 69 | 72 | 55 | 28 | 76 | 40 | 50 | 35 |
| Other Liabilities | 111 | 86 | 120 | 110 | 89 | 89 | 121 | 111 | 65 | 38 | 32 | 38 |
| Total Liabilities | 301 | 269 | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 234 | 242 | 224 |
| Fixed Assets | 116 | 108 | 101 | 96 | 90 | 82 | 75 | 73 | 71 | 65 | 57 | 52 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 185 | 160 | 209 | 205 | 192 | 170 | 202 | 226 | 224 | 169 | 184 | 172 |
| Total Assets | 301 | 269 | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 234 | 242 | 224 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 11 | 3 | 6 | 14 | 14 | 7 | 29 | 38 | -30 | 40 | -5 | 29 |
| Investing | -4 | 1 | 1 | -1 | 0 | 3 | 0 | -3 | -6 | 5 | 1 | -3 |
| Financing | -6 | -6 | -6 | -14 | -14 | -10 | -28 | -32 | 34 | -45 | 4 | -26 |
| Net Cash Flow | 2 | -1 | 1 | 0 | 0 | 0 | 1 | 2 | -3 | 0 | 0 | 0 |
| Free Cash Flow | 7 | 3 | 5 | 11 | 13 | 7 | 31 | 35 | -37 | 38 | -5 | 25 |
| CFO/OP | 112 | -155 | 27 | 100 | 62 | 186 | 127 | 50 | -171 | 236 | -9 | 251 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 31 | 48 | 34 | 22 | 28 | 36 | 26 | 33 | 35 | 44 | 45 |
| Inventory Days | 155 | 188 | 219 | 173 | 155 | 205 | 237 | 159 | 156 | 142 | 175 | 161 |
| Days Payable | 127 | 128 | 177 | 129 | 97 | 128 | 182 | 89 | 51 | 27 | 27 | 30 |
| Cash Conversion Cycle | 56 | 90 | 89 | 78 | 81 | 105 | 91 | 97 | 138 | 150 | 191 | 176 |
| Working Capital Days | -3 | -16 | 2 | 8 | 12 | 11 | 26 | 51 | 56 | 80 | 100 | 98 |
| ROCE % | 2% | -4% | 7% | 7% | 9% | -2% | 11% | 41% | 4% | 6% | 5% | 3% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Panchmahal Steel insights
32 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
8 May - Panchmahal Steel confirms it is not a large corporate under SEBI debt disclosure norms for FY2025-26. 8 May - Panchmahal Steel confirms it is not a large corporate under SEBI debt disclosure norms for FY2025-26.
2
Compliances-Reg.24(A)-Annual Secretarial Compliance
2 May - Annual Secretarial Compliance Report for FY2026 filed; prior NRC non-compliance noted. 2 May - Annual Secretarial Compliance Report for FY2026 filed; prior NRC non-compliance noted.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
2 May - Annual Secretarial Compliance Report for FY2026 filed; prior NRC non-compliance noted. 2 May - Annual Secretarial Compliance Report for FY2026 filed; prior NRC non-compliance noted.
4
Intimation Regarding Change In Branch Office & Contact Details Of Registrar & Transfer Agent (MCS Share Transfer Agent Limited)
24 Apr - RTA MCS Share Transfer Agent Limited shifted branch operations from Vadodara to Mumbai. 24 Apr - RTA MCS Share Transfer Agent Limited shifted branch operations from Vadodara to Mumbai.
5
Intimation Regarding Change In Branch Office & Contact Details Of Registrar & Transfer Agent (MCS Share Transfer Agent Limited)
10h - RTA MCS Share Transfer Agent Limited shifted branch operations from Vadodara to Mumbai. 10h - RTA MCS Share Transfer Agent Limited shifted branch operations from Vadodara to Mumbai.
Frequently Asked Questions about Panchmahal Steel
What does Panchmahal Steel Ltd do?
Incorporated in 1972, Panchmahal Steel Ltd manufactures Stainless Steel Long Products viz. Bars, Rods and Wires[1]
Where is Panchmahal Steel Ltd (513511) listed?
Panchmahal Steel Ltd trades as PANCHMAHQ on the NSE and under code 513511 on the BSE.
Which sector does Panchmahal Steel Ltd belong to?
Panchmahal Steel Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of Panchmahal Steel Ltd?
Panchmahal Steel Ltd has a market capitalisation of ₹553.27 Cr, which places it in the Small Cap band.
What is the PE ratio of Panchmahal Steel Ltd?
Panchmahal Steel Ltd trades at a PE ratio of 133.97, against a book value of ₹78.98 per share.
What is the 52-week high and low of Panchmahal Steel Ltd?
Over the last 52 weeks Panchmahal Steel Ltd has traded between ₹253.95 and ₹331.
Does Panchmahal Steel Ltd pay dividends?
Panchmahal Steel Ltd has a dividend yield of 1.03%.
What is the Return on Equity (ROE) of Panchmahal Steel Ltd?
Panchmahal Steel Ltd reported a return on equity of -1.50%. Its debt-to-equity ratio is 0.23.
Company Information
Incorporated in 1972, Panchmahal Steel Ltd manufactures Stainless Steel Long Products viz. Bars, Rods and Wires[1]
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