Rathi Steel & Power Ltd. · BSE:RATHIST
Rathi Steel & Power — Q4 FY26 Earnings Presentation
37 slides from Rathi Steel & Power's earnings presentation, Jun 3, 2026
Slide 1: BSE cover letter for analyst presentation
RSPL/BSE/2026-27 Date: June 03, 2026 To, The BSE Limited Phiroze, Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Maharashtra Scrip Code: 504903 Dear Sir, Subject: Presentation to the analysts, on the Audited Financial Results for the quarter and financial year ended March 31, 2026 Pursuant to Regula
Slide 2: Rathi Steel And Power Limited Investor Presentation Q4 FY26
Rathi Steel And Power Limited Investor Presentation Q4 FY26
Slide 3: Disclaimer
Disclaimer This presentation & the accompanying slides (the Presentation), which have been prepared by Rathi Steel And Power Limited (RSPL, The Company) solely for information purposes & do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, & shall no
Slide 4: Management Comments On Q4 FY26 Financial Performance
Management Comments On Q4 FY26 Financial Performance “We have closed the fiscal year on a strong note, with robust performance in the last quarter. Despite market headwinds from macro-economic uncertainties and steel price volatility, we have demonstrated resilience and continued on our growth traje
Slide 5: Q4 FY26 Consolidated Key Financials Highlights
Q4 FY26 Consolidated Key Financials Highlights Total Income EBITDA* PAT* 244.57 12.00 250.00 10.00 10.00 9.89 9.00 200.00 7.45 8.00 8.06 8.00 7.00 149.73 150.00 6.00 6.00 5.00 100.00 4.00 3.80 4.00 3.00 50.00 2.00 2.00 1.00 0.00 0.00 0.00 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 *EBIDTA and P
Slide 6: Q4 FY26 Consolidated Financials Performance
Q4 FY26 Consolidated Financials Performance (In ₹ Cr) Particulars Q4 FY25 Q4 FY26 Y-O-Y Operating Income 149.57 244.44 Other Income 0.16 0.12 Total Income 149.73 244.57 63.34% Raw Material Expenses 202.85 112.63 Employee Benefit Expenses 4.64 3.28 Other expenses 27.19 25.77 Total Expenditure 234.68
Slide 7: Rathi Steel And Power Limited at Glance
Rathi Steel And Power Limited at Glance Incorporated in 1971, Rathi Steel And Power Limited (RSPL) has built over five decades of trust, quality, and reliability in steel manufacturing. The Company carries forward the renowned Rathi brand, a name in India’s steel industry since the 1940s. RSPL opera
Slide 8: Innovation In Steel, Leadership In Quality
Innovation In Steel, Leadership In Quality Goal icon Vision Goal Rathi Steel And Power infuses creativity To Become The Leader In 'Longer into the craft of steel. With pioneering Segment’ Of Steel Catering To The technology and relentless innovation, the Construction infrastructure and new company r
Slide 9: Key Facts & Figures
Key Facts & Figures Direct/ Indirect Manufacturing Plant Legacy of Steel melting Capacity Rolling Mill Capacity Manpower Spread Across 5 Decades 300+ ~85,000 TPA 2,00,000 TPA ~12.5 Acres ISO Certification IS Certifacation Strong Presence Across ISO 9001:2015 IS 1786:2008 CBAM Certification Green Cer
Slide 10: Journey Through The Decades
Journey Through The Decades 2020 – Present • Strategic exit from Odisha unit; debt fully resolved with ARCs & banks 2000s – 20s • Strengthened financials with ₹114.7 Cr raised via • Transitioned to TMT preferential allotment technology under the • Achieved debt-free status & regained banking “Therma
Slide 11: Leadership Team
Leadership Team Room used for official event Mr. Mahesh Pareek Mr. Pawan Kumar Managing Director | Experience: 40+ year Chief Financial Officer Experience: 10+ years A commerce graduate with over four decades in marketing, accounts, secretarial functions, & strategic planning. He has worked with PVM
Slide 12: Core Products Powering Rathi Steel And Power
Core Products Powering Rathi Steel And Power Core offerings fueling Rathi Steel And Power Limited’s present success Stainless Steel Billets Mild Steel TMT Bars Stainless Steel Wire Rods Stainless Steel Flats • Features: High strength, corrosion • Features: High tensile strength, • Features: High mec
Slide 13: GreenPro Certification Accelerates RSPL's Green Steel Journey
GreenPro Certification Accelerates RSPL’s Green Steel Journey Greenpro Certification Strengthens RSPL’s Positioning In India’s Evolving Green Steel Ecosystem Benefits for Developers GreenPro Certified TMT Rebars Strategic Positioning ESG Impact & Designers • Enables LEED & IGBC Green • Strengthens R
Slide 14: State-of-Art Manufacturing Facility
State-of-Art Manufacturing Facility Steel Melting Shop Rolling Mill Location Plant Area India’s only stainless-steel wire rod ~30% Green Power Used, aligned with Ghaziabad (NCR Region) ~12.5 acres producer with direct billet charging green manufacturing goals. ~53% capacity ~51.49% capacity ~85,000
Slide 15: Billets To Direct Rolling: Rathi's Unique Advantage
Billets To Direct Rolling: Rathi’s Unique Advantage Unique advantage Most peers cannot do this as they don’t have melting & rolling in the same campus Molten steel flows from the Continuous Casting Machine into billets. These billets are carried hot on roller conveyors. Instead of cooling & reheatin
Slide 16: Energy Conservation & Efficiency Measures
Energy Conservation & Efficiency Measures Key Energy-Saving Measures Capital Investments in Efficiency • Adopted Direct Rolling • Investments in VFDs, Conveyor Systems & → Reduced reheating needs, saving fuel & Capacitor Banks minimising scaling loss → Enhanced energy efficiency & operational saving
Slide 17: Leveraging Brand & Distribution Strength
Leveraging Brand & Distribution Strength Broad dealer Retail-led TMT Strategic rollout Products used B2B stainless outlets network bar sales with of stainless- in both private steel sales with strong strong brand steel TMT bars sector & through direct presence across recall in NCR & in retail under
Slide 18: Marquee Clientele
Marquee Clientele Clients for Stainless Steel Products Clients for TMT Rebars Investor Presentation 17
Slide 19: Adversity In Odisha Operations, Its Impact & Turnaround
Adversity In Odisha Operations, Its Impact & Turnaround Commitment & Investment Successful Fund Raise – Growth Catalyst • Odisha Government committed • Equity infusion of ₹114.71 Cr through preferential allocation of raw material mines. allotment (Feb 2024). • Integrated, capital-intensive steel pla
Slide 20: Core Strengths Powering Growth
Core Strengths Powering Growth • First mover in direct billet charging for stainless rods; ~1.25–1.5% savings in Technology energy & yield & Cost • Cutting-edge facilities with continuous investment in advanced technologies Leadership • Lowest electricity costs in UP through open access benefits • ₹
Slide 21: Strategic Path Ahead
Strategic Path Ahead Enhancing Capacity & Asset Sustainable & Strategic Expanding Value Accredited Utilization Investments Products • Target utilization ramp-up from 55% - 60% • Rooftop Solar Power Generation unit planned to • Increase share of higher-margin stainless steel (of Steel Melting Shop) t
Slide 22: Expand Green Steel Rebars Portfolio
Expand Green Steel Rebars Portfolio Strengthening presence Producing premium- Manufactured through Aligned with India’s Lower energy usage in the rapidly growing Fe quality Fe 550 / 550D recycling-based, Green Steel Vision, through direct charging 550 / Fe 550D TMT bars grade matching the circular e
Slide 23: Fe 550 / Fe 550D TMT Bars – RSPL vs Conventional Route
Fe 550 / Fe 550D TMT Bars – RSPL vs Conventional Route Conventional Primary Producers Advantage – Rathi Steel & Power Limited Large integrated steelmakers Scrap-based steelmaking using various grades of quality scrap Use Iron Ore + Coal/Coke as primary raw material Circular economy model using recyc
Slide 24: The Indian Steel Industry – A Global Powerhouse
The Indian Steel Industry – A Global Powerhouse India is the world’s 2nd largest crude steel producer. Consumption Of Finished Steel (In Million Tonnes) 152.12 147.7 135.9 Per-capita steel consumption has crossed 100 kg, well below the global average 119.17 (230 kg), leaving strong growth potential.
Slide 25: Growth Drivers & Government Initiatives
Growth Drivers & Government Initiatives Total Crude / Finished Steel Production In Million Tonnes Infrastructure & construction remain the largest drivers of steel demand. Crude Steel Production Finished Steel Production Finished steel consumption is projected to grow ~11% by FY26. India’s construct
Slide 26: The Stainless-Steel Opportunity
The Stainless-Steel Opportunity India is the 2nd largest consumer of stainless steel globally. Consumption Of Stainless Steel (In Million Tonnes) Stainless steel demand is expected to grow 7–8% annually, faster than carbon steel. 4.8 Preferred material for modern infrastructure: railways, metro syst
Slide 27: Trade Integration & Capex Momentum
Trade Integration & Capex Momentum India–EU FTA: Large-Scale India–US Trade Reset: Boost to Union Budget 2026: Capex-Led Market Opening Steel-Intensive Exports Steel Expansion • Tariffs on most iron & steel products • Reciprocal tariffs reduced from ~50% • Capex increased to ₹12.2 lakh crore, (earli
Slide 28: Financial Highlights
Financial Highlights Year On Year Fixed Asset Interest Revenue Growth Turnover Coverage 41.76% 7.42 Times 3.89 Times Year on Year Profit Return on capital Return on Equity Employed Growth 9.09% 10.52% 39.24% Long Term Debt to Book Value Equity 0.08 Times ₹ 17.14 Investor Presentation 27
Slide 29: Key Financial Highlights
Key Financial Highlights (All Amount In ₹ Cr & Margins In %) Total Revenue EBITDA# PAT Excluding Exceptional Item 716.49 35.00 30.00 28.90 14.00 12.87 24.25 24.31 496.28 505.43 25.00 12.00 20.00 10.00 9.24 8.00 15.00 6.00 10.00 4.00 3.70 5.00 2.00 0.00 0.00 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY
Slide 30: Profit & Loss Statement & Cashflow Highlights
Profit & Loss Statement & Cashflow Highlights (In ₹ Cr) Particulars FY24 FY25 FY26 Cashflow Highlights Revenues 493.19 503.15 716.05 Other Income 3.10 2.28 0.44 32.45 Total Revenue 496.28 505.43 716.49 Raw Material Expenses 375.07 377.87 572.494 24.15 24.44 Employee Costs 9.51 12.08 16.27 Other Expe
Slide 31: Balance Sheet
Balance Sheet (In ₹ Cr) Equities & Liabilities FY24 FY25 FY26 Assets FY24 FY25 FY26 Equity Share Capital 85.06 86.36 86.36 Non-Current Assets Preference Share Capital 10.40 8.89 8.89 Fixed assets 70.35 89.65 103.35 Reserves & Surplus 27.61 41.77 54.63 Deferred Tax Assets (Net) 72.91 72.91 72.91 Tota
Slide 32: Key Ratios
Key Ratios (In %) (In Times) (In Days) ROCE ROE Current Ratio Receivable Turnover Ratio 30.32 1.20 25.00% 19.12% 1.04 19.00% 1.00 20.00% 0.78 0.80 10.18% 14.00% 0.8 0 20.31 15.00% 12.19% 8.58% 10.22% 9.00% 0.60 10.42% 12.66 10.00% 4.00% 0.40 5.00% -1.00% 0.20 0.00% -6.00% 0.00 FY24 FY25 FY26 FY24 FY
Slide 33: Stock Data
Stock Data As On 29-05-2026 As On 31-03-2026 BSE (504903| INE336C01016) Share Holding Pattern Share Price (₹) 18.92 Market Capitalization (₹ Cr) 163.40 No. of Shares Outstanding 8,63,63,004 41.30% Promoter & Promoter Group 58.70% Public Face Value (₹) 10.00 52-week High-Low (₹) 33.00– 13.50 Share Pe
Slide 34: SWOT Analysis
SWOT Analysis Strengths Weaknesses • 80+ years of legacy & strong Rathi brand recall. • Current utilisation levels below potential, leaving room for improvement. • Integrated facility with end-to-end steel operations. • Product diversification into stainless steel rebars • Proprietary direct billet
Slide 35: Investor Rationale
Investor Rationale Trusted Legacy, Proven Brand Poised for Growth in Stainless Steel Scalable Manufacturing Platform Technology-Led Cost Advantage Over 80 years of steelmaking Strategic focus on stainless steel Integrated, modern facility in Only player in India with direct billet expertise; Rathi i
Slide 36: Investor Rationale
Investor Rationale Trusted Legacy, Proven Brand Poised for Growth in Stainless Steel Scalable Manufacturing Platform Technology-Led Cost Advantage Over 80 years of steelmaking Strategic focus on stainless steel Integrated, modern facility in Only player in India with direct billet expertise; Rathi i
Slide 37: Rathi Steel And Power Limited contact details
Rathi Steel And Power Limited Plot No. 24/1, Block A, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi – 110044 Phone: +11 4505 8011, +91-120-2840348-50 Website: https://www.rathisteelandpower.com/ Email: investors@rathisteelandpower.com Kirin Advisors Private Limited 713-B, Lodha Suprem
Rathi Steel And Power — Q4 FY26 Earnings Presentation on 6ix