Steel Exchange India Limited (SEIL) was incorporated in 1999 and serves as the flagship company of the Vizag Profiles group. It is an India-based manufacturer of thermo mechanically treated (TMT) rebars under the brand Simhadri TMT. The company operates an integrated steel plant, manufacturing steel products such as TMT Bars, Billets, and Sponge Iron, alongside trading related products and generating and selling power.
SEIL's product range for Simhadri TMT includes Fe500D, Fe550D, and Fe500D CRS grades, with sizes ranging from 8mm to 32mm. The company is engaged in the business of manufacturing steel products, trading of related products, and generation and sale of power, operating through two primary segments: Steel and Power.
The company operates through two distinct business segments:
- Steel Segment: This segment includes the production and marketing operations of sponge iron, billets, and rebars (TMT). Steel Exchange India Ltd. manufactures and trades steel products, including TMT bars, billets, and wire rods.
- Power Segment: This segment encompasses the generation and marketing operations of thermal and gas-based power.
SEIL's products include TMT bars, Sponge Iron, Billets, Rebars, and Coal Power. Its Sponge Iron products are available in Lump, Fines, and Briquettes forms. The company also maintains a trading division for steel products and is recognized as one of the largest dealers for Rashtriya Ispat Nigam, serving the construction and infrastructure industries across India and international markets with high-quality steel solutions.
Steel Exchange India Limited operates comprehensive manufacturing facilities, which include:
- Sponge iron unit
- Billet/steel melting shop (SMS)
- Rolling mill
- Captive thermal power plant
Its integrated steel plant (ISP) is strategically located close to Visakhapatnam, with the SMS & Power Unit at Kothapeta. The ISP boasts an approximate 220,000 MTPA sponge iron unit, a 250,000 MTPA steel melt shop, a 225,000 MTPA rolling mill, and a 60 megawatts (MW) co-generation power plant.
The company has recently undertaken significant capacity expansion:
- The billet production mill capacity has been increased by 44.8% to 362,000 tons per annum (TPA), up from the existing capacity of 250,000 TPA.
- The Rolling Bar mill capacity has increased by 58.67%, from the existing capacity of 225,000 TPA to 357,000 TPA.
For the full year ended March 2025:
- Net Profit: Rose 138.11% to ₹25.93 crore, compared to ₹10.89 crore in the previous year (March 2024).
- Sales: Rose 5.04% to ₹1144.02 crore, compared to ₹1089.17 crore in the previous year (March 2024).
- Q4 FY2024-25: Net profit declined 75.90% to ₹4.76 crore, against ₹19.75 crore in Q4 FY2023-24. Sales declined 6.64% to ₹291.42 crore, against ₹312.15 crore in Q4 FY2023-24.
- Q3 FY2024-25: Consolidated net profit stood at ₹15.86 crore, steeply higher than ₹0.21 crore posted in Q3 FY2023-24.
- Q2 FY2024-25: Consolidated net profit reported at ₹2.72 crore, compared to a net loss of ₹3.65 crore recorded in Q2 FY2023-24.
- Market Capitalization: ₹1016.79 Crore (as of June 11, 2025)
- 52-Week High: ₹15.80
- 52-Week Low: ₹7.06
- P/E Ratio (Price-to-Earnings): 39.20
- P/B Ratio (Price-to-Book): 1.54
- Promoter Holding: 52.9%
- Debt to Equity: 34% (considered reasonable)
- Chairman & MD: Mr. B. Satish Kumar has been re-appointed for a 3-year term from March 1, 2025.
- CFO & Key Managerial Personnel: Brahmaiah Telaprolu was appointed with effect from December 18, 2024.
- Former Interim CFO: M. Mallikarjuna Rao resigned as interim CFO, effective December 18, 2024, but continues as GM Account of the company.
Steel Exchange India Limited has received approval from the Andhra Pradesh Maritime Board to use its SIMHADRI TMT steel rebars in two major Greenfield port projects. This approval is expected to significantly enhance the company's visibility and business prospects within the infrastructure sector. The company is also exploring options to raise funds through a private placement, preferential issue, qualified institution placement, or other permissible modes.
- NSE Symbol: STEELXIND
- BSE Symbol: 534748
- ISIN: INE503B01021
Steel Exchange India Ltd (STEELXIND) belongs to the Materials sector, specifically within the Iron & Steel sub-sector. The company has established itself as a significant player in the Indian steel industry, particularly in the TMT bar manufacturing segment, with its integrated steel plant operations and strong presence in the southern Indian markets.
