Rathi Bars Ltd532918Corporate

Iron & Steel Products Latest results: Dec 2025 13 quarters of data

₹15.36

MCap ₹25 Cr · P/E 7.1

Rathi Bars Ltd — Stock analysis & AI research Rathi Bars Ltd — Live exchange announcements

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹91 Cr

Sales · Dec 2025

-18.0% YoY

₹2 Cr

Operating Profit · Dec 2025

-32.9% YoY

2.6%

OPM % · Dec 2025

-16.1% YoY

₹1 Cr

Net Profit · Dec 2025

-21.3% YoY

₹0.43

EPS · Dec 2025

-20.4% YoY

📝 Rathi Bars Ltd — results explained

Quarter ended December 2025 (Q3 FY26)

Rathi Bars Ltd reported revenue of ₹91 crore for the quarter ended December 2025 (Q3 FY26), down 18.0% from ₹111 crore in the same quarter last year, and down 27.9% sequentially over the September 2025 quarter.

Net profit fell 21.3% year-on-year to ₹1 crore, from ₹1 crore. Earnings per share (EPS) came in at ₹0.43.

Operating profit stood at ₹2 crore — an operating margin (OPM) of 2.6%, compared with 3.1% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Rathi Bars Ltd posted revenue of ₹349 crore, a decline of 29.7% over FY25, with a net profit of ₹3 crore (down 28.9% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹487 crore with a net profit of ₹4 crore.

Valuation snapshot

At the current price of ₹15.36, 532918 has a market capitalisation of ₹25 crore and a trailing P/E of about 7.1.

Within the Iron & Steel Products industry, it is the 25th-largest of the 70 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 64.01%, public shareholders 35.98% of Rathi Bars Ltd.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹25 Cr

Current Price ?

₹15.4

P/E ?

7.07below ind

Industry P/E ?

15.70

P/B ?

0.30

P/S ?

0.05

P/FCF ?

12.65

Enterprise Value ?

₹111 Cr

EV/EBITDA ?

9.33

PEG ?

N/A

Earnings Yield ?

6.4%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹487 Cr

OPM ?

2.4%

Profit after tax (TTM) ?

₹4 Cr

EPS (TTM) ?

₹2.17

ROCE ?

-4.0%

ROE ?

4.2%

ROA ?

1.4%

Growth

Sales — latest qtr ?

₹91 Cr

PAT — latest qtr ?

₹1 Cr

YoY qtr sales growth ?

-18.0%

YoY qtr profit growth ?

-21.3%

Sales growth (3y) ?

-9%

Sales growth (5y) ?

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹86 Cr

Debt to Equity ?

1.01

Interest Coverage ?

1.4

Current Ratio ?

N/A

Ownership

Promoter holding ?

64.01%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-26.9%

Return 6 months ?

-31.7%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Dec bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	YoY %	QoQ %
Sales	74	198	170	172	134	137	148	100	111	138	133	126	91	-18.0%	-27.9%
Operating Profit	3	5	4	4	4	2	4	4	3	3	3	4	2	-32.9%	-35.8%
Other Income	0	0	0	0	0	0	0	0	0	1	0	1	0	—	-35.8%
Interest	1	2	2	2	2	0	1	2	1	2	1	2	1	-49.0%	-59.4%
Depreciation	1	2	2	2	2	1	1	1	1	1	1	1	1	+9.1%	-9.1%
Profit Before Tax	1	1	1	1	1	1	1	1	1	1	1	1	1	-19.3%	-26.8%
Net Profit	1	1	1	1	1	1	1	1	1	1	1	1	1	-21.3%	-27.8%
EPS	0.41	0.56	0.61	0.61	0.51	0.75	0.59	0.37	0.54	0.66	0.51	0.59	0.43	-20.4%	-27.1%
OPM %	4.5%	2.3%	2.5%	2.6%	3.1%	1.5%	2.4%	3.5%	3.1%	2.0%	2.4%	2.9%	2.6%	-16.1%	-10.3%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹496 Cr	₹349 Cr	₹487 Cr	-29.7%
Operating Profit	₹13 Cr	₹9 Cr	₹12 Cr	-31.8%
OPM %	2.69%	2.61%	2.45%	-3.0%
NPM %	0.71%	0.72%	0.73%	+1.4%
Other Income	₹1 Cr	₹1 Cr	₹3 Cr	-23.2%
Depreciation	₹5 Cr	₹4 Cr	₹5 Cr	-24.0%
Interest	₹6 Cr	₹4 Cr	₹6 Cr	-37.5%
EBIT	₹9 Cr	₹5 Cr	₹7 Cr	-36.0%
PBT	₹4 Cr	₹3 Cr	₹4 Cr	-28.1%
Tax	—	—	—	—
Net Profit	₹4 Cr	₹3 Cr	₹4 Cr	-28.9%
EPS	₹2.16	₹1.53	₹2.19	-29.2%
Material Cost	—	—	—	—
Employee Cost	—	—	—	—
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	16	16	16	16	+0.0%
Reserves	74	78	80	69	-13.8%
Borrowings	72	67	82	86	+4.9%
Other Liabilities	22	18	17	83	+388.2%
Total Liabilities	185	179	195	254	+30.3%
Fixed Assets	42	38	41	41	+0.0%
CWIP	7	7	5	0	-100.0%
Investments	1	0	0	0	—
Other Assets	136	134	149	213	+43.0%
Total Assets	185	179	195	254	+30.3%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	3	12	-3	1	+133.3%
Cash from Investing Activity	-5	-1	-6	1	+116.7%
Cash from Financing Activity	2	-12	9	-2	-122.2%
Net Cash Flow	0	-0	-0	-0	—
Free Cash Flow	-2	11	-9	2	+122.2%
CFO/OP	24%	92%	-18%	-57%	-216.7%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	60	43	72	86	+19.4%
Inventory Days	13	10	10	2	-80.0%
Days Payable	9	6	6	12	+100.0%
Cash Conversion Cycle	65	48	76	76	+0.0%
Working Capital Days	46	37	46	52	+13.0%
ROCE %	6%	6%	6%	-4%	-166.7%

👥 Shareholding (latest 4 periods)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	64.01%	64.01%	64.01%	64.01%	+0.0%
Public	35.99%	36.01%	35.99%	35.98%	-0.0%
No. of Shareholders	8,967	8,871	9,106	8,932	-1.9%

⚖️ Peer comparison

Industry: Iron & Steel Products · top 25 of 70 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	SAMBHV Sambhv Steel	₹161.29	4,753	10.8	7,808	440	10.8%	5.6%	—	—	31.1%	66.9%
2	500365 Welspun Specialty	₹50.02	3,470	115.0	879	29	6.0%	3.3%	22.5%	610.6%	-3.8%	788.0%
3	AEROENTER Aeroflex Enterprises	₹138.55	1,568	9.6	752	173	15.2%	23.1%	20.5%	5.6%	40.5%	614.2%
4	RSL Rajputana Stainless	₹177.06	1,480	25.3	1,083	58	9.3%	5.4%	—	—	32.1%	83.6%
5	RHETAN Rhetan TMT	₹15.81	1,260	93.0	23	13	22.9%	54.1%	-34.3%	108.2%	-19.3%	316.7%
6	542669 BMW Industries	₹62.83	1,196	16.7	683	85	24.6%	12.5%	5.9%	8.0%	11.4%	26.9%
7	543928 Cosmic CRF	₹1,885.00	1,136	65.9	334	26	13.2%	7.8%	—	—	21.0%	83.3%
8	TEMBO Tembo Global	₹55.48	1,074	10.0	1,144	109	14.3%	9.6%	49.2%	87.6%	21.9%	56.0%
9	513361 India Homes	₹3.80	1,068	6.6	24	23	80.7%	97.7%	—	258.3%	—	444.2%
10	504605 Uni Abex	₹2,739.90	874	1.9	221	281	22.3%	127.2%	13.5%	748.5%	5.2%	20.8%
11	539018 Beekay Steel	₹394.45	800	17.3	1,268	44	9.3%	3.5%	9.3%	-58.9%	32.4%	22.1%
12	SCODATUBES Scoda Tubes	₹128.96	773	20.6	546	37	14.3%	6.8%	—	—	27.6%	-25.8%
13	534733 Aerpace Industries	₹38.34	570	—	2	-14	-561.5%	-633.3%	32.7%	-147.7%	20.3%	-178.1%
14	513511 Panchmahal Steel	₹206.00	551	98.6	391	4	5.0%	1.0%	0.3%	-168.1%	7.3%	325.9%
15	517336 Modern Malleables	₹1.10	474	0.5	178	24	19.2%	13.7%	189.2%	93.1%	98.5%	206.3%
16	504731 Azad India	₹163.35	463	291.7	74	3	3.5%	4.2%	619.2%	2091.7%	114.0%	1016.9%
17	MANAKSIA Manaksia	₹63.99	419	6.7	834	64	5.7%	7.6%	7.2%	-10.5%	28.8%	77.9%
18	541701 Supershakti Metaliks	₹550.00	360	73.9	705	9	1.6%	1.3%	—	—	-3.6%	-57.1%
19	513043 Remi Edelstahl	₹92.88	332	38.7	150	3	6.0%	2.0%	2.2%	1.1%	32.2%	115.0%
20	518075 Suraj Products	₹664.45	272	36.1	311	21	10.7%	6.8%	-6.9%	-12.1%	8.7%	46.7%
21	522273 Ahmedabad Steelcraft	₹141.35	256	12.7	217	17	10.6%	7.7%	28.7%	74.0%	-9.3%	-55.3%
22	540082 Riddhi Steel	₹58.00	247	6.3	458	11	6.3%	2.4%	—	—	-11.0%	25.0%
23	531289 National Fittings	₹136.00	246	11.8	98	10	14.1%	10.6%	17.0%	-60.9%	31.8%	50.4%
24	VMSTMT VMS TMT	₹44.20	219	13.0	874	17	6.1%	1.9%	—	—	16.7%	-47.9%
25	532918 Rathi Bars	₹46.92	25	21.4	487	4	2.4%	0.7%	-29.7%	-28.9%	-18.0%	-21.3%

❓ Frequently asked questions

What was Rathi Bars Ltd's revenue in Q3 FY26?

What was Rathi Bars Ltd's net profit in Q3 FY26?