Deem Roll Tech Limited (DEEM)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Deem Roll's revenue was ₹45.4 Cr (-2.1% year on year, -0.1% on the previous half-year), and net profit ₹2.6 Cr (+158.8% year on year); the operating margin was 11.1%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹45.4 | -2.1% | -0.1% |
| Operating profit | ₹5.0 | +92.7% | +159.3% |
| Net profit | ₹2.6 | +158.8% | from loss |
| EPS (₹) | 3.17 | +159.8% | from loss |
| Operating margin | 11.1% | — | — |
📢 Recent Corporate Announcements
Deem Roll Tech Limited informed the exchange regarding the non-applicability of Regulation 27(2) of SEBI LODR Regulations for the quarter and half-year ended September 30, 2026. The exemption applies pursuant to Regulation 15(2), as the company's equity shares are listed on the SME platform (NSE Emerge) since February 27, 2024. Consequently, the company is not mandated to submit quarterly compliance reports on corporate governance. This is a standard statutory exemption intimation with zero financial impact.
- Regulation 27(2) compliance report not required for the quarter and half year ended 30th September, 2026
- Exemption claimed under Regulation 15(2) of SEBI LODR Regulations
- Shares listed on NSE Emerge platform since 27 February, 2024
- Corporate governance exemption covers Regulations 17 to 27 and Schedule V clauses
Deem Roll Tech Limited has secured an export purchase order from an overseas client for the supply of rolls, aggregating to a value exceeding Rs 1 crore. Relative to the company's TTM revenue of Rs 184 crore, this order represents less than 0.6% of annual sales. The order was received in the ordinary course of business, aligning with the company's strategy to expand export revenue, which stood at ~25.3% of total revenue. While positive for export footprint, the contract size is relatively small compared to quarterly turnover of ~Rs 45 crore.
- Received export purchase order aggregating to a value exceeding Rs 1 Crore
- Order is for the supply of rolls to an overseas customer
- Order value represents less than 0.6% of TTM revenue of Rs 184 Crore
- Filing dated October 5, 2026 received in ordinary course of business
Deem Roll Tech Limited submitted the voting results and Scrutinizer's Report for its 23rd Annual General Meeting held on September 25, 2026. A total of 5,712,552 votes were polled across 8,337,272 outstanding shares, representing a 68.52% turnout. All three ordinary resolutions, including the adoption of FY26 financial statements, the reappointment of retiring director Mr. Rabindra Kishan De, and the ratification of cost auditor remuneration, were passed unanimously with 100% votes in favour.
- Voter turnout stood at 68.5182% with 5,712,552 shares polled out of 8,337,272 total shares
- All 3 ordinary resolutions approved unanimously with 100.0000% votes cast in favour
- Promoter group polled 5,594,622 shares (100% participation), while non-institutional public polled 117,930 shares (4.53% participation)
- Meeting was attended by 10 shareholders via video conferencing (4 promoter, 6 public)
Deem Roll Tech Limited has submitted its Structured Digital Database (SDD) Compliance Certificate under SEBI PIT Regulations as of September 9, 2026. The Practicing Company Secretary certified that the company was required to capture 4 events during the period and successfully captured all 4 events with no non-compliance observed. The database maintains internal audit trails with capability to retain records for 8 years. This filing is a purely administrative regulatory compliance requirement with no financial impact.
- Compliance Certificate issued under SEBI (Prohibition of Insider Trading) Regulations, 2015
- Confirmed tracking of 4 required events out of 4 during the period
- Zero non-compliances reported in the previous period
- System capable of maintaining non-tamperable records for 8 years
Deem Roll Tech Limited has issued the notice for its 23rd Annual General Meeting (AGM) scheduled for Friday, September 25, 2026, via Video Conferencing. The cut-off date to determine voting eligibility is September 18, 2026, with the e-voting window active from September 22 to September 24, 2026. Key agenda items include adopting the FY25-26 audited financial statements, reappointing director Mr. Rabindra Kishan De, and ratifying ₹80,000 in remuneration for cost auditors M.I. Prajapati & Associates, LLP for FY26-27.
- 23rd Annual General Meeting scheduled for Friday, September 25, 2026, at 11:30 AM IST via Video Conferencing
- Cut-off date to determine e-voting eligibility set for Friday, September 18, 2026
- Remote e-voting begins Tuesday, September 22, 2026 (09:00 AM IST) and concludes Thursday, September 24, 2026 (05:00 PM IST)
- Proposed ratification of ₹80,000 remuneration plus applicable taxes/expenses for Cost Auditors M.I. Prajapati & Associates, LLP for FY26-27
Deem Roll Tech Limited has appointed Ms. Diyanshi Baghel as the Company Secretary and Compliance Officer effective August 1, 2026. The appointment was approved in a board meeting held on the same day between 2:30 PM and 3:00 PM. Ms. Baghel is a qualified professional with ICSI Membership No. A80743 and expertise in SEBI regulations. This is a routine administrative appointment for the company, which has a market capitalization of Rs 43 Cr.
- Appointment of Ms. Diyanshi Baghel effective from August 1, 2026
- Board meeting conducted in 30 minutes from 02:30 P.M. to 03:00 P.M.
- Appointee holds Associate Membership No. 80743 from the ICSI
- Company maintains a TTM revenue of Rs 184 Cr and a market cap of Rs 43 Cr
Deem Roll Tech Limited has appointed Ms. Diyanshi Baghel as the Company Secretary and Compliance Officer effective August 1, 2026. The board approved the appointment based on the Nomination and Remuneration Committee's recommendation. Ms. Baghel is a qualified professional with ICSI Membership No. A80743. This is a routine administrative update for the Rs 43 Cr market cap company to ensure adherence to SEBI Listing Regulations.
- Appointment of Ms. Diyanshi Baghel effective from 01st August, 2026
- Board meeting concluded within 30 minutes (02:30 PM to 03:00 PM)
- Ms. Baghel holds Associate Membership No. 80743 of the ICSI
Financial Performance
Revenue Growth by Segment
Total revenue moderated by 8% YoY to INR 93 Cr in FY25. Export revenue grew 36.77% YoY to INR 24.03 Cr (25.3% of total), while domestic revenue declined approximately 17.7% YoY to INR 68.97 Cr.
Geographic Revenue Split
Domestic: 74.7% (INR 68.97 Cr); Exports: 25.3% (INR 24.03 Cr).
Profitability Margins
Operating margin declined to 6.24% in FY25 from 14.01% in FY24 due to rising input costs and fixed costs from delayed capex. Net Profit Ratio fell 59.72% to 3.12% in FY25 from 7.75% in FY24.
EBITDA Margin
Operating margin (proxy for EBITDA) was 6.24% in FY25, a sharp decline from 14.01% in FY24, driven by intense competition and furnace breakdown at the Chhatral Unit.
Capital Expenditure
Large capex was incurred in FY25, funded primarily through Initial Public Offering (IPO) proceeds and term loans to expand production capacities.
Credit Rating & Borrowing
CRISIL Ratings assigned a comfortable financial risk profile with gearing of 0.30 times and interest coverage of 2.01 times as of March 31, 2025.
Operational Drivers
Raw Materials
Iron scrap, steel scrap, and ferroalloys.
Capacity Expansion
New capacities were commissioned in FY25; stabilization of these operations is a key rating sensitivity factor for future revenue growth.
Raw Material Costs
Cost of production is heavily dependent on iron/steel scrap prices; operating margins fluctuated between 6% and 14% over the last three fiscals due to input price volatility.
Manufacturing Efficiency
Manufacturing efficiency was adversely affected by a furnace breakdown at the Chhatral Unit and delayed stabilization of new capex.
Strategic Growth
Growth Strategy
Growth is expected through the addition of new customers, revival of demand leading to increased order flow, and the successful stabilization of newly added production capacities.
Products & Services
Rolls (industrial machinery consumables used in steel plants).
Brand Portfolio
Deem Roll-Tech.
Market Expansion
The company is targeting increased order flow from both domestic and overseas markets, with exports already growing to 25.3% of revenue.
External Factors
Industry Trends
The industry is evolving with large integrated players increasing capacity, which limits the pricing power of secondary producers like DRTL in a fragmented market.
Competitive Landscape
Intense competition from both fragmented small-scale players and large integrated steel producers.
Competitive Moat
Moat is based on the promoter's 30+ years of experience and established relationships with major public sector steel undertakings; sustainability depends on maintaining cost-efficiency against cheaper imports.
Macro Economic Sensitivity
Highly sensitive to the demand cycles of the steel industry and volatility in global scrap metal prices.
Geopolitical Risks
Overseas market demand and regulatory changes in export destinations are monitorable risks for the 25.3% export segment.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act 2013 and SEBI Listing Obligations; overseas demand is susceptible to regulatory changes in international markets.
Legal Contingencies
No significant fraudulent or illegal transactions were reported; no discrepancies of 10% or more were found in physical inventory verification.
Risk Analysis
Key Uncertainties
Volatility in raw material prices (iron/steel scrap) and the timely stabilization of new production capacities are the primary business uncertainties.
Geographic Concentration Risk
74.7% of revenue is concentrated in the Indian domestic market, primarily serving large steel plants.
Third Party Dependencies
Dependency on external suppliers for iron scrap and ferroalloys; high bank limit utilization (90%) indicates dependency on credit facilities.
Credit & Counterparty Risk
Trade receivables are elongated at ~130 days, leading to a stretched working capital cycle and a Gross Current Asset (GCA) of 317 days.
