Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹12.98, the stock trades at a trailing P/E ratio of 61.3x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total loss to shareholders of 8.9% over the past three years. Announcement • Jun 17
Steel Exchange India Limited Secures APCRDA Approval For SIMHADRI TMT in Amaravati Capital City Projects Steel Exchange India Limited has received formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for the use of its flagship SIMHADRI TMT products in ongoing and upcoming construction works under the Amaravati Capital City development program. The approval covers Fe550, Fe500D, Fe550D and Fe550D CRS grades, enabling the Company's products to be supplied for key infrastructure projects being undertaken by APCRDA. The approval has also been circulated to leading EPC and construction companies associated with Amaravati's development, strengthening SEIL's visibility across the project's execution ecosystem. With the government launching the massive INR 650,000 million Amaravati Capital City project, this approval positions Steel Exchange India Limited as a key primary-source vendor. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹12.78, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total loss to shareholders of 17% over the past three years. Reported Earnings • May 26
Full year 2026 earnings released: EPS: ₹0.22 (vs ₹0.22 in FY 2025) Full year 2026 results: EPS: ₹0.22 (up from ₹0.22 in FY 2025). Revenue: ₹10.7b (down 6.8% from FY 2025). Net income: ₹269.9m (up 4.1% from FY 2025). Profit margin: 2.5% (up from 2.3% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • May 19
Steel Exchange India Limited to Report Q4, 2026 Results on May 25, 2026 Steel Exchange India Limited announced that they will report Q4, 2026 results on May 25, 2026 Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹10.43, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹8.17, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 20x in the Metals and Mining industry in India. Total loss to shareholders of 49% over the past three years. New Risk • Mar 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.28b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₹9.28b market cap, or US$99.5m). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹0.02 (vs ₹0.13 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.02 (down from ₹0.13 in 3Q 2025). Revenue: ₹2.41b (down 27% from 3Q 2025). Net income: ₹22.8m (down 86% from 3Q 2025). Profit margin: 0.9% (down from 4.8% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Feb 09
Steel Exchange India Limited to Report Q3, 2026 Results on Feb 14, 2026 Steel Exchange India Limited announced that they will report Q3, 2026 results at 9:15 AM, Indian Standard Time on Feb 14, 2026 Announcement • Jan 05
Steel Exchange India Limited Announces Resignation of Nagoji Ram Mohan as Nominee Director, Effective January 2, 2026 Steel Exchange India Limited announced that Mr. Nagoji Ram Mohan (DIN: 02895361) has resigned from his position as Nominee Director of the Company due to the withdrawal of nomination by the lender, Vishwa Samudra Holdings Private Limited, effective from the closing business hours on January 02, 2026. Announcement • Dec 31
Steel Exchange India Limited announced that it expects to receive INR 7 billion in funding Steel Exchange India Limited announced a private placement to issue in one or more tranches, by way of issuance of equity shares and/or equity-linked instruments and/or debt instruments, including but not limited to convertible equity warrants, compulsorily or optionally convertible securities and/or non-convertible debentures (secured or unsecured), or such other permissible instruments, for an aggregate amount not exceeding INR 7,000,000,000 on December 30, 2025. The transaction has been approved by shareholders. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹9.42, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total loss to shareholders of 27% over the past three years. Announcement • Nov 08
Steel Exchange India Limited to Report Q2, 2026 Results on Nov 14, 2025 Steel Exchange India Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 14, 2025 Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹10.77, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total loss to shareholders of 19% over the past three years. Announcement • Sep 08
Steel Exchange India Limited, Annual General Meeting, Sep 29, 2025 Steel Exchange India Limited, Annual General Meeting, Sep 29, 2025, at 12:30 Indian Standard Time. Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: ₹0.09 (vs ₹0.02 in 1Q 2025) First quarter 2026 results: EPS: ₹0.09 (up from ₹0.02 in 1Q 2025). Revenue: ₹3.00b (up 14% from 1Q 2025). Net income: ₹102.3m (up 296% from 1Q 2025). Profit margin: 3.4% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year. Announcement • Jul 28
Steel Exchange India Limited to Report Q1, 2026 Results on Aug 04, 2025 Steel Exchange India Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Aug 04, 2025 Announcement • Jul 04
Steel Exchange India Limited (BSE:534748) proposed to acquire Vizag franchise of the Andhra Premier League from Andhra Premier League. Steel Exchange India Limited (BSE:534748) proposed to acquire Vizag franchise of the Andhra Premier League from Andhra Premier League on July 3, 2025. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹9.95, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total loss to shareholders of 41% over the past three years. Reported Earnings • May 21
Full year 2025 earnings released: EPS: ₹0.22 (vs ₹0.093 in FY 2024) Full year 2025 results: EPS: ₹0.22 (up from ₹0.093 in FY 2024). Revenue: ₹11.6b (up 6.8% from FY 2024). Net income: ₹259.3m (up 138% from FY 2024). Profit margin: 2.2% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • May 13
Steel Exchange India Limited to Report Q4, 2025 Results on May 19, 2025 Steel Exchange India Limited announced that they will report Q4, 2025 results on May 19, 2025 Announcement • Mar 27
Steel Exchange India Limited Announces Cessation of Sujata Chattopadhyay as Non-Executive Independent Director Steel Exchange India Limited Announced Cessation of Mrs. Sujata Chattopadhyay as Non-Executive Independent Director with effect from March 27, 2025. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹8.85, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 21x in the Metals and Mining industry in India. Total loss to shareholders of 62% over the past three years. Reported Earnings • Jan 25
Third quarter 2025 earnings released: EPS: ₹0.13 (vs ₹0.002 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.13 (up from ₹0.002 in 3Q 2024). Revenue: ₹3.28b (up 28% from 3Q 2024). Net income: ₹158.6m (up ₹156.6m from 3Q 2024). Profit margin: 4.8% (up from 0.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Jan 17
Steel Exchange India Limited to Report Q3, 2025 Results on Jan 24, 2025 Steel Exchange India Limited announced that they will report Q3, 2025 results on Jan 24, 2025 Announcement • Jan 10
Steel Exchange India Limited Appoints Mr. Subbarao Venkata Munnang as Non-Executive Independent Director Steel Exchange India Limited announced that at its EGM held on January 10, 2025, shareholders approved the appointment of Mr. Subbarao Venkata Munnang as Non-Executive Independent Director of the Company. Announcement • Dec 31
Steel Exchange India Limited Announces Cessation of Directors Steel Exchange India Limited at its AGM announced that the second consecutive term of appointment of Mr. Ramineni Ramachandra Rao, Mr. Kodali Krishna Rao, and Mr. Siva Prasad Chivukula, as Non-Executive Independent Directors of the Company has ended on December 30, 2024. Consequently, they have ceased to be Non-Executive Independent Directors of the Company with effect from 31 December, 2024. Announcement • Dec 20
Steel Exchange India Limited has filed a Follow-on Equity Offering in the amount of INR 6 billion. Steel Exchange India Limited has filed a Follow-on Equity Offering in the amount of INR 6 billion.
Security Name: Equity Shares
Security Type: Common Stock Announcement • Dec 19
Steel Exchange India Limited Announces Chief Financial Officer Changes Steel Exchange India Limited announced the board of director of the company had inter-alia, took note of resignation of Mr. M Mallikarjuna Rao as an interim chief financial officer of the company with effect from December 18, 2024 and continues as a GM Account of the company and approved the appointment of Mr. Brahmaiah Telaprolu, Charted Accountant as a Chief Financial Officer and Key Managerial Personnel of the company with immediate effect that is December 18, 2024. Mr. Brahmaiah Telaprolu, Charted Accountant, having more than 30 years of experience in setting up, managing & leveraging financial functions, processes & related analytics/BI solutions; Visionary leader and highly capable change-agent consistently refining and revitalizing financial strategies and procedures to achieve futuristic goals. Areas of expertise include accounting & controllership, consolidation, working capital management, taxation, fund raising, M&A, SAP/ERP implementation, IFRS/Ind AS, processes & controls, business planning & analysis, budgeting & MIS, IPO & Listing, project appraisals, compliance & risk management, and stakeholder/team management. Delivered on both commercial (revenue /profitability) and operational targets while focusing on building corporate competencies and providing strategic direction. Board Change • Oct 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Nominee Director Ram Nagoji was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.03 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.02 (up from ₹0.03 loss in 2Q 2024). Revenue: ₹2.61b (down 3.0% from 2Q 2024). Net income: ₹27.2m (up ₹63.7m from 2Q 2024). Profit margin: 1.0% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Oct 15
Steel Exchange India Limited Announces Resignation of Veeramachaneni Venkata Krishna Rao and Bavineni Suresh as Directors Steel Exchange India Limited announced that Mr. Veeramachaneni Venkata Krishna Rao and Mr. Bavineni Suresh have resigned from their positions as the Directors of the Company, effective from the closing business hours on October 15, 2024. They will be ceased to be the Directors of the Company thereafter. Announcement • Oct 10
Steel Exchange India Limited to Report Q2, 2025 Results on Oct 17, 2024 Steel Exchange India Limited announced that they will report Q2, 2025 results on Oct 17, 2024 Announcement • Sep 06
Steel Exchange India Limited, Annual General Meeting, Sep 27, 2024 Steel Exchange India Limited, Annual General Meeting, Sep 27, 2024, at 12:30 Indian Standard Time. Announcement • Aug 29
Steel Exchange India Limited announced that it expects to receive INR 998.999946 million in funding Steel Exchange India Limited announced a private placement that it will issue up to 70,851,060 convertible warrants at an issue price of INR 14.10 per warrant for the gross proceeds of INR 998,999,946 on August 29, 2024. The transaction included participation from Adelaar Industrial Resources Private Limited and individual investor such as Gunakala Vijayalakshmi. The transaction has been approved by the board of directors of the company. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.05 loss in 1Q 2024) First quarter 2025 results: EPS: ₹0.02 (up from ₹0.05 loss in 1Q 2024). Revenue: ₹2.64b (up 4.9% from 1Q 2024). Net income: ₹25.8m (up ₹80.1m from 1Q 2024). Profit margin: 1.0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Jul 24
Steel Exchange India Limited to Report Q1, 2025 Results on Jul 31, 2024 Steel Exchange India Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • Mar 29
Steel Exchange India Limited announced that it has received INR 182.6 million in funding On March 28, 2024, Steel Exchange India Limited closed the transaction. The transaction was approved by board of directors. New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 1.1% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • Feb 09
Steel Exchange India Limited Announces Retirement of Ramesh Kumar Bandi, Whole-Time Director Cum Joint Managing Director Steel Exchange India Limited announced that Mr. Ramesh Kumar Bandi, Whole-Time Director cum Joint Managing Director (DIN: 00206293), is retired from his position on completion of his term of office as a Whole-Time Director cum Joint Managing Director of the Company effecting from the closing business hours on February 8, 2024, and ceased to be the Whole-Time Director cum Joint Managing Director of the Company thereafter. Announcement • Jan 31
Steel Exchange India Limited announced that it has received INR 227.499998 million in funding from Kolluri Impex Private Limited, Shakti International Private Limited, Sahi Trading Private Limited, KGR RESOURCES LLP On January 31, 2024, Steel Exchange India Limited closed the transaction. Announcement • Dec 18
Steel Exchange India Limited Appoints Mr. Mohit Sai Kumar Bandi, as A Whole-Time Director Steel Exchange India Limited Announced at the 2nd Extra-Ordinary General Meeting of the Company held on the 18 December, 2023 approved To appoint Mr. Mohit Sai Kumar Bandi, as a Whole-Time Director of the Company for the period of Five (05) years effective, 18 November 2023. Reported Earnings • Nov 16
Second quarter 2024 earnings released Second quarter 2024 results: ₹0.03 loss per share. Revenue: ₹2.70b (down 14% from 2Q 2023). Net loss: ₹36.5m (down 448% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Nov 08
Steel Exchange India Limited to Report Q2, 2024 Results on Nov 14, 2023 Steel Exchange India Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Buying Opportunity • Oct 23
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 36%. The fair value is estimated to be ₹11.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. New Risk • Oct 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Buying Opportunity • Oct 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be ₹11.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Announcement • Sep 08
Steel Exchange India Limited, Annual General Meeting, Sep 29, 2023 Steel Exchange India Limited, Annual General Meeting, Sep 29, 2023, at 11:30 Indian Standard Time. Agenda: To receive, consider and adopt the audited financial statements of the company for the financial year ended March 31, 2023 and reports of Board and Auditors thereon; to appoint a Director in place of Mr. Bavineni Suresh, who retires by rotation and being eligible, offers himself for re-appointment; to appoint a Director in place of Mr. Veeramachaneni Venkata Krishna Rao, who retires by rotation and being eligible, offers himself for re-appointment; to consider ratification of remuneration of the cost auditors for the financial year ending March 31, 2024; to consider and approve the salary increase of Mr. Mohit Sai Kumar Bandi, Vice President Commercial, holding an office or place of profit in the company; and to consider other matters. Announcement • Aug 05
Steel Exchange India Limited to Report Q1, 2024 Results on Aug 14, 2023 Steel Exchange India Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Announcement • May 21
Steel Exchange India Limited to Report Q4, 2023 Results on May 29, 2023 Steel Exchange India Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 29, 2023 Announcement • Feb 15
Steel Exchange India Limited Announces Board Changes Pursuant to the Regulation 30 and 51 read with Para A of Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), Steel Exchange India Limited informed that the board of directors (Board) of Steel Exchange India Limited (Company), based on recommendation of Nomination and Remuneration Committee, approved the appointment of Mr. Veera Brahma Rao Arekapudi DIN: 07540040) Additional Non-Executive Independent Director of the Company with effect from 14th February, 2023, Subject to the approval of Shareholder. Approved the Resignation of Dr. Emandi Sankara Rao (DIN: 05184747) as Non-Executive Independent Director of the company with effect from 14th February, 2023. Educational Qualifications: M.Com from Andhra University 1978; Masters in Financial Management (MFM) from Jamnalal Bajaj Institute of Management Studies- JBIMS University of Mumbai 2004; Post Graduate Diploma in SECURITIES LAW from Government Law College, Mumbai - 2017; Post Graduate Diploma In ALTERNATE DISPUTE RESOLUTION (ADR) from NALSAR, Hyderabad 2022. Professional Qualifications: CAIIB (Certified Associate of Indian Institute of Bankers); Certificate Exam in Rural Banking from Indian Institute of Bankers; Qualified INSOLVENCY PROFESSIONAL by Insolvency and Bankruptcy Board of India (IBBI). Announcement • Feb 07
Steel Exchange India Limited to Report Q3, 2023 Results on Feb 14, 2023 Steel Exchange India Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Oct 23
Second quarter 2023 earnings released: EPS: ₹0.01 (vs ₹0.20 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹0.01 (up from ₹0.20 loss in 2Q 2022). Revenue: ₹3.15b (up 52% from 2Q 2022). Net income: ₹10.5m (up ₹169.0m from 2Q 2022). Profit margin: 0.3% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 15
Steel Exchange India Limited to Report Q2, 2022 Results on Oct 21, 2022 Steel Exchange India Limited announced that they will report Q2, 2022 results on Oct 21, 2022 Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 15% share price gain to ₹13.19, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 1,109% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹16.05, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 1,265% over the past three years. Reported Earnings • Jul 25
First quarter 2023 earnings released: EPS: ₹0.92 (vs ₹0.10 in 1Q 2022) First quarter 2023 results: EPS: ₹0.92 (up from ₹0.10 in 1Q 2022). Revenue: ₹3.61b (up 38% from 1Q 2022). Net income: ₹81.3m (up 1.9% from 1Q 2022). Profit margin: 2.3% (down from 3.0% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 159% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 15
Steel Exchange India Limited to Report Q1, 2023 Results on Jul 23, 2022 Steel Exchange India Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Jul 23, 2022 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 22% share price gain to ₹154, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 1,174% over the past three years. Reported Earnings • Jun 05
Full year 2022 earnings released: EPS: ₹13.36 (vs ₹18.25 in FY 2021) Full year 2022 results: EPS: ₹13.36 (down from ₹18.25 in FY 2021). Revenue: ₹11.0b (up 22% from FY 2021). Net income: ₹1.16b (down 17% from FY 2021). Profit margin: 11% (down from 16% in FY 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 02
Steel Exchange India Limited, Annual General Meeting, Jun 24, 2022 Steel Exchange India Limited, Annual General Meeting, Jun 24, 2022, at 11:30 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2022 and Reports of Board and Auditors thereon; to consider appoint a director in the place of Mr. Bavineni Suresh (DIN: 00181832), who retires by rotation and being eligible, offers himself for re-appointment; to consider appoint a director in the place of Mr. Veeramachaneni Venkata Krishna Rao who retires by rotation and being eligible, offers himself for re-appointment; and to consider other matters. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 22% share price gain to ₹162, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 1,263% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹182, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 1,191% over the past three years. Reported Earnings • Apr 27
Full year 2022 earnings released: EPS: ₹13.42 (vs ₹18.25 in FY 2021) Full year 2022 results: EPS: ₹13.42 (down from ₹18.25 in FY 2021). Revenue: ₹11.0b (up 22% from FY 2021). Net income: ₹1.16b (down 17% from FY 2021). Profit margin: 11% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Non-Executive Additional Independent Director Emandi Rao was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Steel Exchange India Limited Appoints A Suresh Babu as Chief Financial Officer, Effective May 1, 2022 Steel Exchange India Limited at its board meeting held on April 25, 2022, has approved the appointment of Mr. A Suresh Babu as Chief Financial Officer and Key Managerial Personnel of the Company with effect from May 1, 2022. The said appointment has been done on the basis of recommendations of Nomination & Remuneration Committee and Audit Committee of the Company. Announcement • Apr 17
Steel Exchange India Limited Announces Resignation of Bandi Ramesh Kumar as CFO, Effective May 1, 2022 Steel Exchange India Limited announced that a meeting of the board of directors of the company will be held on April 25, 2022, to consider and approve the resignation of Mr. Bandi Ramesh Kumar as CFO of the company with effect from May 1, 2022. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.41 (down from ₹12.15 in 3Q 2021). Revenue: ₹2.63b (down 2.4% from 3Q 2021). Net income: ₹118.7m (down 87% from 3Q 2021). Profit margin: 4.5% (down from 34% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has increased by 152% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 25% share price gain to ₹161, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 969% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 22% share price gain to ₹106, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 601% over the past three years. Announcement • Nov 25
Steel Exchange India Limited announced that it has received INR 1.806376469 billion in funding from Vishwa Samudra Holdings Private Limited, Vizag Profiles Pvt. Ltd., Umashiv Garments Private Limited On November 24, 2021, Steel Exchange India Limited closed the transaction. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS ₹1.02 (vs ₹0.11 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹2.63b (up 187% from 1Q 2021). Net income: ₹79.8m (up ₹71.6m from 1Q 2021). Profit margin: 3.0% (up from 0.9% in 1Q 2021). Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₹81.90, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 300% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 20% share price gain to ₹69.45, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 222% over the past three years. Reported Earnings • May 29
Full year 2021 earnings released: EPS ₹18.27 (vs ₹8.46 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹9.22b (up 18% from FY 2020). Net income: ₹1.40b (up 118% from FY 2020). Profit margin: 15% (up from 8.2% in FY 2020). Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Executive Departure • May 18
Independent Non-Executive Director has left the company On the 6th of May, Godi Venkata Reddy's tenure in the role of Independent Non-Executive Director ended. We don't have any record of a personal shareholding under Godi Venkata's name. Godi Venkata is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 16% share price gain to ₹62.65, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 148% over the past three years. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS ₹12.15 (vs ₹1.72 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹2.70b (up 34% from 3Q 2020). Net income: ₹923.4m (up ₹792.8m from 3Q 2020). Profit margin: 34% (up from 6.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 11
New 90-day high: ₹52.95 The company is up 56% from its price of ₹34.00 on 13 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 38% over the same period. Announcement • Feb 02
Steel Exchange India Limited to Report Q3, 2021 Results on Feb 10, 2021 Steel Exchange India Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 18% share price gain to ₹46.30, the stock is trading at a trailing P/E ratio of 7x, up from the previous P/E ratio of 5.9x. This compares to an average P/E of 15x in the Metals and Mining industry in India. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Dec 30
New 90-day high: ₹43.10 The company is up 19% from its price of ₹36.10 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 35% over the same period. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 20% share price gain to ₹38.40, the stock is trading at a trailing P/E ratio of 5.8x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 15x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 19%. Reported Earnings • Nov 17
Second quarter 2021 earnings released: EPS ₹2.33 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹2.10b (up 21% from 2Q 2020). Net income: ₹177.1m (up 113% from 2Q 2020). Profit margin: 8.4% (up from 4.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Sep 08
Steel Exchange India Limited to Report Q1, 2021 Results on Sep 02, 2020 Steel Exchange India Limited announced that they will report Q1, 2021 results on Sep 02, 2020 
