Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Sep - Infomerics upgrades SEIL’s ratings to BBB+/Stable and A2; rated facilities rise to ₹359.63 crore.
Source: Bse
STEEL EXCHANGE INDIA LIMITED (STEELXIND)
Small CapMetals stocks · Small cap · NSE
STEEL EXCHANGE INDIA LIMITED operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result20 Jul, 08:54 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage10/14 · 71%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
38BearishSMA20 -2.4% / mo · MACD −
Stock trend: 30
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
STEELXINDD candles · FIT view+1.2%Latest close ₹10.11 on 2026-10-19
Bar
-0.4%
RSI
37
MACD hist
-0.10
52W pos
45%
2026-10-19O ₹10.15H ₹10.20L ₹10.05C ₹10.11Vol 20.8L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
STEELXINDNifty MetalNifty 500
- STEELXIND
- -15.8%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- -10.2 pp
Chart stats
19 Oct 2026- From 52W high
- -27.5%
- 52W range position
- 45%
- ATR (14)
- 5.3%
- Volume vs 20D
- 0.24x
- Avg traded value
- ₹9.4 Cr
- 20D price channel
- ₹10 - ₹12.8
₹14
₹7 - ₹14
₹0.5
Latest completed session
20-session average
47.6% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED11
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model-90.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence36
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 20 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹270 Cr | NDF | -5.9% |
| EBITDA | ₹34 Cr | +9.7% | -32.0% |
| Operating margin | 13.0% | +300 bps | -400 bps |
| PAT | ₹15 Cr | NDF | +25.0% |
| PAT margin | 5.6% | +223 bps | +138 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 44.60
- P/B
- —
- EV/EBITDA
- 9.24
- Market Cap
- 1418.00Cr
Profitability
- ROE
- —
- ROCE
- —
- ROA
- 22.50%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 9.00%
- Revenue 3Y
- 8.00%
- EPS 3Y
- 8.00%
Balance Sheet
- Debt/Equity
- 2.32
- Interest Coverage
- 1.90×
- Altman Z
- 10.81
- Book Value
- —
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -8.00 Cr
- EPS TTM
- 0.22
Shareholding
- Promoter Hold
- 49.67%
- Promoter Pledge
- 100.00%
- Momentum 52W
- 59%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 270-5.9% vs prev
Net Profit
₹ CrLatest: 15.0+25.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~2.5% over last month) — short-term momentum negative.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 28% off 52W high · 44% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
59
RS percentile
Stage 1 Base / Transition
1M return
-13.9%
3M return
-15.8%
6M return
-3.0%
1Y return
+2.3%
RS 1D
-2
RS 20D
-19
Sector rank
#4
Industry rank
#14
Stage evidence
- Price is within 6.5% of the 30-week proxy.
- The 30-week proxy changed +3.8% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 105.87-0.15%
RS vs Nifty 500106
Valuation & peers
U-Score 11 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 11 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth9/25
Quality0/20
Balance Sheet0/15
Cash Flow0/10
Piotroski
3/9 (+1)
Penalties
0
Raw sum
11
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
11/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 9/25 to the score.
- Valuation contributes 1/30 to the score.
- Quality contributes 0/20 to the score.
Main drags
- Promoter pledge is 100.0%.
- Fair-value margin of safety is negative at -90.7%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
44.6
PB
—
EV/EBITDA
9.2
ROE
—
ROCE
—
FCF Yield
—
Debt/Equity
2.3
MoS
-90.7%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Debt/equity is 2.3, so downturn resilience matters.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
11
Previous: 11
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-90.7%
Previous: -90.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
11
11
11
11
11
11
11
11
11
11
11
11
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
24.1
Growth-justified Value
₹5.3
-90.7% MoS
PEG
5.19
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SALSTEEL
Small
S.A.L. Steel Limited
Mining
match 97
19
—
-17.7%
-105%
OVERVALUED
MANAKCOAT
Small
Manaksia Coated Metals & Industries Limited
Mining
match 95
43
33.0
11.0%
+3%
WATCHLIST
RSL
Small
Rajputana Stainless Limited
Mining
match 94
56
24.8
19.2%
+33%
FAIR VALUE
MAHASTEEL
Small
Mahamaya Steel Industries Limited
Mining
match 93
32
193.0
5.7%
-511%
WATCHLIST
RAMASTEEL
Small
Rama Steel Tubes Limited
Mining
match 92
18
55.3
2.8%
-609%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
STEEL EXCHANGE INDIA LIMITED operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
36Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 1st percentile of the scored universe and 1st percentile within Metals. Main check: promoter alignment is weak at 27/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
16 docs text-extracted · 3 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
1st percentile
overall median 67 · Metals: 1st pctile, median 70 · Small: 1st pctile, median 66
Evidence depth
Financial-only
16 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Do not rely on management narrative unless hard turnaround evidence is visible.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
27
weak · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
34
weak · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
29
weak · quarterly consistency
Trust positives
- ▸No strong positive evidence yet.
Trust risks
- ▸Promoters have pledged 100% of holding.
- ▸Operating cash flow is negative at ₹-8 Cr.
- ▸Debt/equity is 2.32.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching STEEL EXCHANGE INDIA LIMITED
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 9 Sep - Steel Exchange India signs 4-year MoU with NMDC for iron ore procurement from Visakhapatnam hub.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jul - Intimation of Newspaper Publication regarding Notice of 27th Annual General Meeting, Book Closure and E-Voting information for FY 2025-26
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Jun - APCRDA approves SIMHADRI TMT for Amaravati Capital City projects; grades Fe550, Fe500D, Fe550D, Fe550D CRS.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.