Panchmahal Steel Ltd
Panchmahal Steel Ltd (PANCHMAHQ) last reported results for the quarter ended Jun 2026, with sales of ₹93.97 crore and net profit of ₹4.34 crore. The stock last traded at ₹272, a market capitalisation of ₹515 crore, on a P/E of 129. Over the past 52 weeks the stock has ranged between ₹254 and ₹384. Figures are as of 9 Oct 2026 and are not real time.
Panchmahal Steel Ltd share price and key metrics
- Current price
- ₹272
- Market cap
- ₹515 cr
- Stock P/E
- 129
- Book value
- ₹79
- ROE
- -1.48%
- ROCE
- 3.10%
- Dividend yield
- 0.00%
- 52w high / low
- 384/254
Metrics as of 9 Oct 2026. Not real time.
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Panchmahal Steel Ltd growth and returns
- 10 Years
- 3%
- 5 Years
- 3%
- 3 Years
- -8%
- TTM
- 5%
- 10 Years
- 6%
- 5 Years
- %
- 3 Years
- %
- TTM
- 884%
- 10 Years
- 28%
- 5 Years
- 24%
- 3 Years
- 24%
- 1 Year
- -8%
- 10 Years
- 3%
- 5 Years
- 8%
- 3 Years
- 1%
- Last Year
- -1%
Panchmahal Steel Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹93.97 cr, up 7.3% from ₹87.54 cr a year earlier. Net profit turned positive at ₹4.34 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 99.05 | 94.72 | 91.21 | 87.54 | 92.63 | 98.11 | 106 | 93.97 |
| Expenses | 94.15 | 89.49 | 91.12 | 87.74 | 89.45 | 93.7 | 102 | 85.78 |
| Operating profit | 4.9 | 5.23 | 0.09 | -0.2 | 3.18 | 4.41 | 3.76 | 8.19 |
| OPM % | 4.95% | 5.52% | 0.10% | -0.23% | 3.43% | 4.49% | 3.55% | 8.72% |
| Other income | 0.94 | 0.53 | 0.56 | 1.04 | 0.74 | 0.67 | 0.53 | 0.64 |
| Interest | 1.37 | 1.51 | 1.34 | 1.47 | 1.14 | 1.44 | 1.36 | 1.03 |
| Depreciation | 2.01 | 2.01 | 2.02 | 1.99 | 1.99 | 2 | 2.01 | 2 |
| Profit before tax | 2.46 | 2.24 | -2.71 | -2.62 | 0.79 | 1.64 | 0.92 | 5.8 |
| Tax % | 27.64% | 25.89% | -24.72% | -26.72% | 30.38% | 25.61% | 331.52% | 25.17% |
| Net profit | 1.78 | 1.66 | -2.03 | -1.92 | 0.55 | 1.23 | -2.12 | 4.34 |
| EPS (₹) | 0.93 | 0.87 | -1.06 | -1.01 | 0.29 | 0.64 | -1.11 | 2.27 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Panchmahal Steel Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 329 | 396 | 453 | 330 | 339 | 574 | 489 | 428 | 383 | 384 | 391 |
| Operating profit | 18 | 16 | 23 | 4 | 23 | 76 | 16 | 16 | 16 | 11 | 20 |
| OPM % | 5% | 4.2% | 5% | 1.2% | 7% | 13% | 3.2% | 3.7% | 4.0% | 2.9% | 5% |
| Net profit | 0 | 1 | 3 | -32 | 10 | 59 | 1 | 3 | 3 | -2 | 4 |
| EPS (₹) | 0.15 | 0.29 | 1.34 | -16.88 | 5.14 | 30.71 | 0.72 | 1.56 | 1.75 | -1.18 | 2.09 |
TTM is the trailing twelve months to the most recent quarter.
Panchmahal Steel Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 102 | 102 | 104 | 73 | 83 | 141 | 135 | 138 | 141 | 132 |
| Borrowings | 70 | 70 | 69 | 72 | 55 | 28 | 76 | 40 | 50 | 35 |
| Other liabilities | 120 | 110 | 89 | 89 | 121 | 111 | 65 | 38 | 32 | 38 |
| Total liabilities | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 234 | 242 | 224 |
| Fixed assets | 101 | 96 | 90 | 82 | 75 | 73 | 71 | 65 | 57 | 52 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 209 | 205 | 192 | 170 | 202 | 226 | 224 | 169 | 184 | 172 |
| Total assets | 311 | 301 | 282 | 253 | 277 | 299 | 295 | 234 | 242 | 224 |
As reported by the company. Total assets equal total liabilities by construction.
Panchmahal Steel Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 6 | 14 | 14 | 7 | 29 | 38 | -30 | 40 | -5 | 29 |
| Cash from investing | 1 | -1 | 0 | 3 | -0 | -3 | -6 | 5 | 1 | -3 |
| Cash from financing | -6 | -14 | -14 | -10 | -28 | -32 | 34 | -45 | 4 | -26 |
| Net cash flow | 1 | -0 | 0 | 0 | 1 | 2 | -3 | 0 | 0 | -0 |
| Free cash flow | 5 | 11 | 13 | 7 | 31 | 35 | -37 | 38 | -5 | 25 |
| CFO / operating profit | 27% | 100% | 62% | 186% | 127% | 50% | -171% | 236% | -9% | 251% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Panchmahal Steel Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 7% | 7% | 9% | -2% | 11% | 41% | 4% | 6% | 5% | 3% |
| Debtor days | 48 | 34 | 22 | 28 | 36 | 26 | 33 | 35 | 44 | 45 |
| Inventory days | 219 | 173 | 155 | 205 | 237 | 159 | 156 | 142 | 175 | 161 |
| Days payable | 177 | 129 | 97 | 128 | 182 | 89 | 51 | 27 | 27 | 30 |
| Cash conversion cycle | 89 | 78 | 81 | 105 | 91 | 97 | 138 | 150 | 191 | 176 |
| Working capital days | 2 | 8 | 12 | 11 | 26 | 51 | 56 | 80 | 100 | 98 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Panchmahal Steel Ltd shareholding pattern
Promoters held 73.81% at Sep 2026, broadly unchanged since Sep 2025. DIIs 0.00%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.86% | 74.38% | 73.81% | 73.81% | 73.81% | 73.81% | 73.81% | 73.81% |
| DIIs | 3.93% | 3.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% | 3.93% |
| Public | 21.21% | 21.69% | 22.26% | 22.26% | 22.26% | 22.26% | 22.25% | 22.25% |
| No. of shareholders | 2,746 | 2,774 | 2,695 | 2,603 | 2,565 | 2,541 | 2,506 | 2,524 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Panchmahal Steel Ltd corporate filings
- Panchmahal Steel receives permission to trade and shares admitted to NSE dealingsCompany Updatelow impact
Cruxal's analysis: Panchmahal Steel Ltd, a small-cap company with a market cap of approximately 534 crore…
Read the full analysis - Submission of Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018 for the quarter period ended 30.09.2026.Company Updatelow impact
- Panchmahal Steel files appeal before Hon'ble GSTAT, AhmedabadCompany Updatelow impact
Cruxal's analysis: The company has filed an appeal with the Gujarat State Taxation Appellate Tribunal…
Read the full analysis - Panchmahal Steel Limited concludes 53rd AGM; all resolutions passed with overwhelming shareholder supportAGM/EGMlow impact
Cruxal's analysis: Panchmahal Steel Limited has successfully concluded its 53rd Annual General Meeting held…
Read the full analysis - Panchmahal Steel Limited concludes 53rd Annual General Meeting; re-appoints Managing DirectorAGM/EGMlow impact
Cruxal's analysis: Panchmahal Steel Limited has successfully concluded its 53rd Annual General Meeting held…
Read the full analysis - Intimation of closure of Trading WindowInsider Trading / SASTlow impact
- Panchmahal Steel Ltd secures L-1 status for a new contractCompany Updatemedium impact
Cruxal's analysis: Panchmahal Steel Ltd has announced its status as the Lowest Bidder (L-1) for a new…
Read the full analysis - Panchmahal Steel Ltd announces 53rd Annual General Meeting, E-voting, and Book Closure datesCompany Updatelow impact
Cruxal's analysis: Panchmahal Steel Ltd has published newspaper clippings regarding the notice for its 53rd…
Read the full analysis - Panchmahal Steel Limited schedules 53rd Annual General Meeting for September 25, 2026Company Updatelow impact
Cruxal's analysis: Panchmahal Steel Limited has issued a formal notice regarding its 53rd Annual General…
Read the full analysis - Panchmahal Steel Limited Announces 53rd AGM for September 25, 2026, to Approve Re-appointment of CMD and DirectorAGM/EGMlow impact
Cruxal's analysis: Panchmahal Steel Limited has issued a notice for its 53rd Annual General Meeting (AGM) to…
Read the full analysis - Panchmahal Steel Ltd releases 53rd Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Panchmahal Steel Ltd has filed its 53rd Annual Report for the financial year ended March…
Read the full analysis - Panchmahal Steel Limited Announces 53rd Annual General Meeting to be Held on September 25, 2026Company Updatelow impact
Cruxal's analysis: Panchmahal Steel Limited has issued a formal notice regarding its 53rd Annual General…
Read the full analysis - Panchmahal Steel Ltd issues mandatory KYC update notice to physical shareholdersCompany Updatelow impact
Cruxal's analysis: Panchmahal Steel Ltd has issued a formal intimation to shareholders holding shares in…
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