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P S Raj Steels (PSRAJ)₹87.65−7.25%Iron & Steel Products
In the Mar 2026 quarter (standalone), P S Raj Steels reported sales of ₹136 Cr, up 7.0% from Mar 2025, and net profit of ₹5.01 Cr, up 24.9% year on year. For the year to Mar 2026, sales were ₹266 Cr and net profit ₹9.01 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 139 | 127 | 131 | 136 |
| Expenses | 133 | 121 | 124 | 129 |
| Operating Profit | 5.99 | 5.99 | 5.99 | 6.99 |
| OPM % | 4.6% | 4.7% | 4.7% | 5.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.99 | 0.99 | 0.00 | 0.00 |
| Depreciation | 0.00 | 1.01 | 1.01 | 1.01 |
| Profit before tax | 5.01 | 5.01 | 5.01 | 6.02 |
| Tax % | 25.0% | 26.0% | 26.0% | 22.0% |
| Net Profit | 4.01 | 4.01 | 4.01 | 5.01 |
| EPS (Rs) | 1.41 | 0.95 | 1.06 | 1.24 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 180 | 224 | 297 | 266 | 266 |
| Expenses | 173 | 217 | 287 | 254 | 253 |
| Operating Profit | 6.99 | 6.99 | 10.99 | 11.99 | 12.98 |
| OPM % | 3.7% | 3.1% | 3.6% | 4.6% | 4.9% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.99 | 0.99 | 1.99 | 0.99 | 0.00 |
| Depreciation | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 |
| Profit before tax | 5.01 | 5.01 | 8.02 | 10.03 | 11.03 |
| Tax % | 25.0% | 25.0% | 25.0% | 26.0% | 24.0% |
| Exceptional items | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 4.01 | 4.01 | 6.01 | 7.01 | 9.01 |
| EPS (Rs) | 11.55 | 11.80 | 20.51 | 1.98 | 2.29 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.61 | 0.62 | 0.61 | 7.98 | 7.97 |
| Reserves | 19.99 | 24.00 | 30.00 | 56.90 | 65.91 |
| Borrowings | 16.93 | 17.93 | 17.92 | 4.98 | 0.99 |
| Other Liabilities | 7.96 | 31.84 | 3.98 | 4.97 | 7.97 |
| Total Liabilities | 45.88 | 73.78 | 51.90 | 73.83 | 82.84 |
| Fixed Assets | 4.01 | 4.01 | 4.01 | 4.01 | 9.01 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 40.87 | 69.77 | 47.89 | 68.83 | 73.83 |
| Inventories | 19.82 | 44.33 | 21.54 | 30.61 | 32.23 |
| Trade receivables | 14.16 | 13.93 | 15.02 | 19.33 | 22.26 |
| Cash & equivalents | 0.05 | 0.04 | 0.07 | 0.89 | 0.10 |
| Total Assets | 45.88 | 73.78 | 51.90 | 73.83 | 82.84 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | 3.01 | 3.01 | −9.01 | 8.01 |
| Cash from investing activity | 0.99 | −0.99 | −0.99 | −2.99 | −3.99 |
| Cash from financing activity | −0.99 | −1.99 | −1.99 | 11.97 | −3.99 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 1.01 | −1.01 |
| Capex | 0.25 | 0.68 | 0.54 | 2.68 | 4.58 |
| Free cash flow | 0.99 | 1.99 | 1.99 | −11.99 | 2.99 |
| CFO / OP % | 25.0% | 55.0% | 37.0% | −56.0% | 78.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 28 | 22 | 17 | 26 | 30 |
| Inventory days | 44 | 77 | 28 | 47 | 50 |
| Days payable | 10 | 46 | 0 | 1 | 2 |
| Cash conversion cycle | 61 | 53 | 47 | 72 | 77 |
| Working capital days | 38 | 36 | 33 | 81 | 90 |
| ROCE % | — | 15.0% | 22.0% | 19.0% | 16.0% |
For the Mar 2026 quarter, P S Raj Steels reported sales of ₹136 Cr, up 7.0% year on year and net profit of ₹5.01 Cr, up 24.9% year on year. The operating margin was 5.0%.
P S Raj Steels' sales for the year to Mar 2026 were ₹266 Cr.
Net profit for the year to Mar 2026 was ₹9.01 Cr. Earnings per share over the same trailing period were ₹2.29.
P S Raj Steels reported borrowings of ₹0.99 Cr at Mar 2026, against cash and equivalents of ₹0.10 Cr.
Cash from operations was ₹8.01 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2.99 Cr.