Rathi Steel & Power quarterly results and financials

Rathi Steel & Power (BSE 504903)₹17.78−1.22%(9 Nov 2026 close)Iron & Steel Products

Key facts

In the Mar 2026 quarter (standalone), Rathi Steel & Power reported sales of ₹244 Cr, up 63.3% from Mar 2025, and net profit of ₹7.48 Cr, up 95.8% year on year. For the year to Mar 2026, sales were ₹716 Cr and net profit ₹13.05 Cr.

Sales (Mar 2026): ₹244 Cr
Net profit (Mar 2026): ₹7.48 Cr
Sales (FY Mar 2026): ₹716 Cr
Net profit (FY Mar 2026): ₹13.05 Cr
EPS (Mar 2026): ₹0.85
Borrowings (Mar 2026): ₹44.91 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Rathi Steel & Power quarterly results

₹ crore unless stated; each column is a quarter.

Rathi Steel & Power Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	147	127	101	119	128	121	104	150	155	156	160	244
Expenses	142	122	95.48	115	122	117	102	142	150	151	154	235
Operating Profit	5.15	5.63	6.10	3.97	5.98	5.16	3.03	7.92	6.14	6.25	6.36	9.79
OPM %	3.5%	4.5%	6.1%	3.4%	4.7%	4.3%	2.9%	5.3%	4.0%	4.0%	4.0%	4.0%
Other Income	2.38	0.83	0.05	19.94	0.08	5.12	1.61	0.15	0.10	0.13	0.06	0.11
Interest	3.59	3.45	3.19	1.47	1.07	0.99	1.70	1.71	1.74	2.11	1.87	1.66
Depreciation	2.13	2.15	2.16	2.27	2.29	2.32	2.41	2.53	2.58	2.61	2.61	0.76
Profit before tax	1.78	0.82	0.77	20.19	2.67	6.95	0.52	3.79	1.88	1.64	1.92	7.44
Tax %	0.0%	0.0%	0.0%	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Exceptional items	0.00	0.00	0.00	19.93	0.00	4.98	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	1.80	0.83	0.80	20.22	2.70	6.97	0.54	3.82	1.90	1.64	1.92	7.48
EPS (Rs)	0.56	0.25	0.24	2.36	0.31	0.81	0.05	0.43	0.21	0.18	0.21	0.85

Rathi Steel & Power profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Rathi Steel & Power Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	597	383	350	350	38.01	428	543	728	494	504	716	716
Expenses	651	410	361	400	115	415	517	697	474	482	690	690
Operating Profit	−50.10	−27.05	−10.02	−48.13	−77.19	13.03	28.05	32.07	21.05	22.05	28.05	28.54
OPM %	−7.9%	−6.9%	−3.0%	−13.9%	−205.9%	3.1%	5.0%	4.4%	4.3%	4.4%	4.0%	4.0%
Other Income	0.99	3.99	−72.73	−26.94	61.83	201	−37.87	75.72	22.93	6.98	0.00	0.40
Interest	17.99	16.99	13.99	0.00	1.99	6.99	12.99	11.99	11.99	5.99	6.99	7.38
Depreciation	23.97	22.99	18.99	7.99	7.99	15.99	12.99	7.99	8.99	9.99	8.99	8.56
Profit before tax	−91.03	−62.92	−116	−82.95	−25.99	190	−35.99	86.99	23.99	13.99	12.99	12.88
Tax %	0.0%	0.0%	2.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—
Exceptional items	0.01	−0.01	−81.24	−46.14	0.00	190	−40.95	74.98	20.22	4.70	0.00	0.00
Net Profit	−91.33	−63.23	−118	−83.38	−26.11	191	−36.16	87.34	24.10	14.06	13.05	12.94
EPS (Rs)	−29.02	−20.17	−37.69	−26.55	−8.18	60.59	−11.64	27.79	2.76	1.61	1.48	1.45
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Rathi Steel & Power balance sheet

₹ crore, at each year end.

Rathi Steel & Power Balance sheet
	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	31.12	31.13	31.12	31.11	31.12	31.12	31.08	31.10	31.08	85.30	86.25	95.25
Reserves	−88.75	−180	−242	−361	−444	−470	−219	−255	−99.76	27.93	41.90	54.84
Borrowings	593	659	672	686	686	686	435	324	122	9.98	46.94	44.91
Other Liabilities	89.43	48.23	74.36	69.33	77.27	95.45	96.47	98.04	152	95.95	91.28	133
Total Liabilities	626	559	534	427	351	343	343	196	205	220	265	328
Fixed Assets	291	270	250	232	227	222	208	67.14	66.05	70.06	83.09	98.11
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.01	5.01
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	334	287	283	193	123	121	135	129	139	149	176	223
Inventories	89.78	84.82	78.78	12.97	12.97	7.98	10.98	24.94	34.93	29.90	49.91	55.85
Trade receivables	141	104	105	31.92	15.96	11.96	18.95	6.97	7.98	15.96	24.91	56.87
Cash & equivalents	6.01	3.01	4.01	3.01	2.01	3.01	3.01	1.01	1.01	6.01	1.01	2.01
Total Assets	626	559	534	427	351	343	343	196	205	220	265	328

Rathi Steel & Power cash flow

₹ crore, for each year.

Rathi Steel & Power Cash flow
	Mar 2015	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−18.01	5.01	3.01	196	−11.99	105	24.01	−10.99	−0.99
Cash from investing activity	4.99	−3.01	−1.99	0.99	128	−5.99	−9.99	−26.99	−21.99
Cash from financing activity	14.99	−1.99	0.00	−198	−118	−99.97	−8.99	32.01	23.97
Net cash flow	1.99	0.00	0.99	0.00	−0.99	0.00	4.99	−4.99	0.99
Capex	3.26	3.15	2.67	3.98	7.41	6.87	13.19	22.64	23.66
Free cash flow	−14.02	2.01	0.00	193	−19.02	98.03	10.99	−40.01	−24.02
CFO / OP %	−433.0%	−18.0%	−4.0%	1,488.0%	−42.0%	333.0%	114.0%	−50.0%	−5.0%

Rathi Steel & Power ratios

Working-capital days and returns, by year.

Rathi Steel & Power Ratios
	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	79	65	101	34	18	122	17	6	5	13	19	30
Inventory days	54	55	86	16	15	45	11	20	22	29	48	36
Days payable	28	4	19	33	33	193	31	30	37	63	81	59
Cash conversion cycle	106	117	169	18	0	−25	−2	−3	−9	−21	−12	7
Working capital days	3	−7	−37	−195	−218	−2,215	−103	−71	−39	−21	−19	1
ROCE %	−5.0%	−14.0%	−10.1%	−5.0%	−12.1%	−9.0%	3.0%	9.9%	31.9%	17.0%	9.9%	10.9%

Rathi Steel & Power: frequently asked questions

What are the latest quarterly results of Rathi Steel & Power?

For the Mar 2026 quarter, Rathi Steel & Power reported sales of ₹244 Cr, up 63.3% year on year and net profit of ₹7.48 Cr, up 95.8% year on year. The operating margin was 4.0%.

What is the annual revenue of Rathi Steel & Power?

Rathi Steel & Power's sales for the year to Mar 2026 were ₹716 Cr; over the last twelve months they were ₹716 Cr.

What is the net profit of Rathi Steel & Power?

Net profit for the year to Mar 2026 was ₹13.05 Cr, and ₹12.94 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.45.

How much debt does Rathi Steel & Power have?

Rathi Steel & Power reported borrowings of ₹44.91 Cr at Mar 2026, against cash and equivalents of ₹2.01 Cr.

What is the free cash flow of Rathi Steel & Power?

Cash from operations was −₹0.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹24.02 Cr.

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