Madhur steel Unlisted Shares

BUY

₹412.00

SELL

₹452.00

Madhur steel has recently issued shares at the price of 200 which has resulted in increased supply of their shares. This has put a downward pressure which is stopping its share price from decreasing.

As on May 12, 2025 N/A

About Madhur steel Unlisted Shares

Madhur Iron and Steel is a key player in India’s structural steel industry. With a strategic location near the Bhilai Steel Plant, the company ensures efficient distribution across western, northern, and central India. Its cost-efficient manufacturing and exclusive certifications make it a trusted supplier for infrastructure projects.

Business Divisions

Structural Steel Products

The company produces angles, channels, flats, and rods, essential for power transmission lines, bridges, buildings, and transportation infrastructure.

Infrastructure & Industrial Supply

Madhur Iron and Steel supplies high-quality steel products for power infrastructure, construction, and the automotive industry, meeting stringent quality standards.

Expansion Initiatives

The company is increasing production capacity, developing a new plant, and diversifying its product line with beams, columns, and round bars to cater to growing industry demands.

Financial Highlights

  1. Revenue Growth: Increased from ₹193 Cr (2023) to ₹239 Cr (2024), driven by higher demand and market expansion.

  2. Profitability Boost: PAT doubled from ₹6 Cr to ₹12 Cr, with Net Profit Margin rising from 3.11% to 5.02%.

  3. Operational Efficiency: EBITDA improved from ₹13 Cr to ₹24 Cr, reflecting better cost management and productivity.

  4. Stronger Margins: Gross Margins surged from 1.04% to 9.21%, while OPM increased from 6.74% to 10.04%.

  5. Higher Borrowings: Debt rose from ₹30 Cr to ₹58 Cr, funding expansion and capacity growth.

  6. Asset Expansion: Fixed Assets grew from ₹8 Cr to ₹14 Cr, supporting infrastructure development.

  7. Increased Reserves: Reserves climbed from ₹14 Cr to ₹26 Cr, strengthening financial stability.

Pros

  • Strong Revenue Growth: Increased demand and expansion led to revenue rising from ₹193 Cr to ₹239 Cr, showcasing business strength and market penetration.
  • Higher Profitability: PAT doubled from ₹6 Cr to ₹12 Cr, improving margins and enhancing financial stability for long-term growth.
  • Operational Efficiency: EBITDA surged from ₹13 Cr to ₹24 Cr, reflecting better cost management, improved production processes, and optimized resource utilization.

Cons

  • Rising Debt: Borrowings increased from ₹30 Cr to ₹58 Cr, which may increase interest costs and financial liabilities.
  • Higher Material Costs: Cost of materials grew from ₹191 Cr to ₹217 Cr, potentially affecting profit margins if not controlled.
  • Declining Trade Receivables: Dropped from ₹3 Cr to ₹2 Cr, which might indicate tighter credit policies but could also impact sales.

Key Details

Share NameParticulars
Madhur Steel Unlisted225
Shares PricePer Equity Share
Lot Size5000 Shares
52 Week High₹ 125
52 Week LoW₹ 125
DepositoryNSDL & CDSL
PAN NumberAAHCM7572R
ISIN NumberINE0TO301014
CINU51101CT2012PTC000189
RTAKFin Technologies
FundamentalsValue
Market Cap (in cr.)297.84
P/E Ratio12.40
P/B Ratio6.94
Debt to Equity1.35
ROE (%)29%
Book Value32.42
EPS18.15
Face Value10
Total Shares13,237,200

Financials

P&L Statement20242023
Revenue239193
Cost of Material Consumed217191
Gross Margins9.211.04
Change in Inventory-16-24
Employee Benefit Expenses22
Other Expenses1211
EBITDA2413
OPM10.046.74
Other Income0.31
Finance Cost5.63
D&A0.991
EBIT23.0112
EBIT Margins9.636.22
PBT179
PBT Margins7.114.66
Tax53
PAT126
NPM5.023.11
EPS18.1510.29
RatioFY24
Operating Margin10%
Net Profit Margin5%
Return on Equity29%
Debt-Equity1.35
Current Ratio1.35
Dividend Payout0%
CompanyMadhur SteelRama Steel TubesVenus Pipes and Tubes
Market Cap (₹ Crores)16515452664
Profitability Margin (%)5%3%11%
ROCE (%)125%12%28%
ROE (%)29%10%24%
D/E Ratio1.350.270.37
P/E Ratio12.7267.5028.30
P/B Ratio3.864.375.52
Book Value per Share (₹)32.422.26237.00
Assets20242023
Fixed Assets148
CWIP0.12
Investments00
Trade Receivables23
Inventory9456
Other Assets19.911
Total Assets13080
Liabilities20242023
Share Capital6.615.83
FV1010
Reserves2614
Borrowings5830
Trade Payables2126
Other Liabilities18.394.17
Total Liabilities13080

Promoters or Management

NameDesignationExperienceLinkedin Profile
Jayant AgrawalMD & CFO10+
Rajesh ModhDirector25+
Virendra Kumar AgrawalDirector30+

Annual Reports

NameDownload
Annual report 2023-24

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