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Steel City Securities Limited (STEELCITY)

₹80.61 +1.07% last close, 16 Oct

📊 NSE: STEELCITY 🏢 Finance & Investments 📢 Latest filing: 21 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Steel City's revenue was ₹19.3 Cr (+28.5% year on year, +16.3% on the previous quarter), and net profit ₹6.8 Cr (+66.8% year on year); the operating margin was 42.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹19.3	+28.5%	+16.3%
Operating profit	₹8.1	+85.3%	+125.4%
Net profit	₹6.8	+66.8%	+102.5%
EPS (₹)	4.50	+66.7%	+102.7%
Operating margin	42.1%	—	—

Full quarterly financials → Results calendar →

STEELCITY delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 62.71% of the STEELCITY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 71.57%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.

62.71%Delivery, 16 Oct

71.57%Own 20-session average

0.4×Volume vs its average

₹80.61NSE close · +1.07%

Delivery in the last 5 sessions: 75.7% · 56.0% · 67.8% · 71.5% · 62.7%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Steel City Securities Reconstitutes NRC and Notes Cessation of Independent Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 21 Sep 2026, 01:25 PM

Steel City Securities announced the outcomes of its Board meeting held on September 21, 2026. The Board noted the cessation of Non-Executive Independent Director G. Vijaya Kumar following the completion of two consecutive terms on September 17, 2026. Consequently, the Nomination and Remuneration Committee was reconstituted with three members: Ch. Murali Krishna, E. Sridhar, and N. Satya Kumar. Additionally, the Board authorized key executives to transfer unclaimed FY 2018-19 dividends to the IEPF.

Board meeting held and concluded between 11:15 AM and 1:00 PM on September 21, 2026
Cessation of Non-Executive Independent Director G. Vijaya Kumar took effect on September 17, 2026
Nomination and Remuneration Committee reconstituted with 3 members
Transfer of unclaimed dividend for FY 2018-19 approved for transfer to the IEPF

💡 Track subsequent board appointments to monitor compliance with independent director composition requirements and review upcoming Q2 FY27 operational performance.

SEBI Settles NSEL Case for Steel City Commodities Subsidiary for ₹6 Lakh

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 15 Sep 2026, 05:16 PM

Steel City Securities Limited announced that its wholly-owned subsidiary, Steel City Commodities Private Limited, has received a settlement order from SEBI regarding NSEL paired contracts. The proceedings were settled and closed under the NSEL Settlement Scheme 2025 upon payment of ₹6,00,000. The subsidiary had undertaken only one paired contract as a broker on NSEL. Given the company's TTM PAT of ₹17 Cr, the financial impact of ₹6 Lakh is negligible.

SEBI settlement order dated September 9, 2026 received on September 11, 2026
All proceedings closed against Steel City Commodities Private Limited
Prescribed settlement amount paid is ₹6,00,000 (₹6 Lakh)
Matter pertains to only one paired contract undertaken as a broker on NSEL

💡 Track quarterly results to confirm closure of legacy regulatory overhangs across subsidiaries, with no further financial provisioning expected.

Steel City Securities Declares Re 1/Share Interim Dividend; Ups OD Limit to Rs 30 Cr

🟢 POSITIVE ⭐ 5/10

DIVIDEND 📅 29 Aug 2026, 01:50 PM

Steel City Securities has declared an interim dividend of Re 1 per share (10% on face value of Rs 10) for FY27, setting the record date as September 11, 2026. The company also completed the 100% buyout of Steel City Infotech for Rs 4.84 lakh to pursue insurance broking upon regulatory approvals. Furthermore, the board authorized expanding its overdraft limit from Karur Vysya Bank from Rs 7.50 crore to Rs 30.00 crore.

Declared interim dividend of Re 1.00 per share (10% on Rs 10 face value) for FY 2026-27.
Fixed September 11, 2026 as the record date for determining dividend entitlement.
Acquired remaining 12,500 shares of Steel City Infotech for Rs 4,84,125 to make it a 100% subsidiary.
Authorized enhancement of bank Overdraft facility from Rs 7.50 crore to Rs 30.00 crore.

💡 Track the September 11, 2026 record date for dividend eligibility and monitor progress on obtaining regulatory approvals to start insurance broking operations.

Board to Meet on Aug 29, 2026 for Interim Dividend; Trading Window Closed from Aug 25 to Aug 31

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 24 Aug 2026, 07:03 PM

Steel City Securities Limited has announced the closure of its trading window from August 25, 2026, to August 31, 2026, pursuant to SEBI Insider Trading regulations. The closure is ahead of a Board of Directors meeting scheduled for August 29, 2026. The agenda of the board meeting is to consider and declare an interim dividend for the financial year 2026-27.

Board meeting scheduled on August 29, 2026, to consider interim dividend for FY 2026-27
Trading window closed from August 25, 2026, to August 31, 2026
Restrictions apply to all designated directors, KMPs, and designated employees

💡 Track the outcome of the Board Meeting on August 29, 2026, for the quantum of the interim dividend declared and the associated record date.

Steel City Securities Receives NSE & BSE Approval for SME Market Making Activity

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 04 Aug 2026, 06:36 PM

Steel City Securities has received formal approval from both the National Stock Exchange (NSE) and BSE Limited to act as a Market Maker in the SME segment. This marks the addition of a new business line for the company, which currently operates in retail broking and e-governance with a TTM revenue of ₹62 Cr. The activity will commence once operational and technical requirements are met. This move is part of the company's strategy to diversify its financial service offerings beyond traditional capital market segments.

Received dual approval from NSE and BSE for Market Making in the SME Segment
Company reported a TTM revenue of ₹62.27 Cr for FY26
Maintains a strong promoter holding of 74.7% as of March 2026
Operating Profit Margin stood at 26.85% for the full year FY26
Market capitalization remains relatively small at ₹131 Cr, making new business lines impactful

💡 Watch for the commencement date of these activities and monitor future quarterly segments to see the contribution of market-making fees to the total revenue and its impact on working capital.

₹6.44 Cr Q1 PAT: Steel City Securities Reports 51% Profit Growth; To Acquire IT Subsidiary

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 03 Aug 2026, 06:52 PM

Steel City Securities reported a strong performance for Q1 FY27, with standalone revenue rising 18.8% YoY to ₹20.18 Cr. Net profit for the quarter surged 51% YoY to ₹6.44 Cr, up from ₹4.26 Cr in the same period last year. The company's core segments, Stock Broking and E-governance, contributed ₹11.40 Cr and ₹8.69 Cr respectively. Additionally, the board approved the acquisition of the remaining 83.38% stake in Steel City Infotech Private Limited for approximately ₹15.10 Lakhs to make it a wholly-owned subsidiary.

Standalone Net Profit increased by 51.1% YoY to ₹6.44 Cr in Q1 FY27.
Total Standalone Revenue grew to ₹20.18 Cr from ₹16.99 Cr in the year-ago quarter.
Stock Broking & DP segment revenue reached ₹11.40 Cr, representing 56% of total segment revenue.
E-governance operations contributed ₹8.69 Cr to the top line during the quarter.
Acquisition of 12,500 equity shares of Steel City Infotech for a consideration of ~₹15.10 Lakhs.

💡 Investors should monitor the sustainability of the high margins in the e-governance segment and the strategic utilization of the newly acquired IT subsidiary for digital expansion.

Steel City Securities to Approve Q1 Results on August 3, 2026; Trading Window Closed

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 30 Jul 2026, 06:44 PM

Steel City Securities Limited has scheduled a Board of Directors meeting for August 3, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. In compliance with SEBI Insider Trading regulations, the trading window for dealing in the company's securities remains closed. The window, which originally closed on June 30, 2026, will reopen 48 hours after the financial results are made public. This is a routine regulatory filing ahead of the quarterly earnings release.

Board meeting scheduled for August 3, 2026, to approve quarterly financial results
Financial results cover the first quarter (Q1) ended June 30, 2026
Trading window closure initiated on June 30, 2026, remains in effect
Trading window to reopen 48 hours after the announcement of results

💡 Investors should monitor the exchange filings on August 3, 2026, for the company's actual financial performance and margins.

Board Reconstitutes Committees Following Cessation of Independent Director B. Krishna Rao

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 30 Jul 2026, 12:05 PM

Steel City Securities Limited has reconstituted four key board committees following the scheduled departure of an Independent Director. Sri. B. Krishna Rao ceased to be a Non-Executive Independent Director on July 29, 2026, after completing two consecutive terms. The Audit, Nomination & Remuneration, Stakeholders Relationship, and Internal Complaints committees have been updated with new member compositions. This is a routine governance update required for regulatory compliance and does not impact the company's financial operations.

Cessation of Sri. B. Krishna Rao as Non-Executive Independent Director effective July 29, 2026, after 2 consecutive terms.
Reconstitution of 4 board committees: Audit, Nomination and Remuneration, Stakeholders Relationship, and Internal Complaints.
Audit Committee now comprises 3 members: I. Sridhar, G. V. Vandana, and N. Satya Kumar.
The board meeting was conducted within 1 hour, commencing at 10:45 A.M. and concluding at 11:45 A.M. on July 30, 2026.

💡 No action is required as this is a routine administrative filing. Investors should continue to monitor quarterly earnings for operational performance updates.

June 30, 2026: Steel City Securities Files Quarterly SEBI Demat Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 14 Jul 2026, 01:18 PM

Steel City Securities Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Big Share Services Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed according to regulatory timelines. This involves the physical destruction of certificates and updating the depository as the registered owner. This is a routine procedural filing required for all listed companies in India.

Compliance certificate submitted for the quarter ended 30th June, 2026
Registrar and Share Transfer Agent identified as M/s. Big Share Services Private Limited
Confirmation of compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Securities received for dematerialization were mutilated and cancelled within stipulated time

💡 This is a routine administrative filing; investors should monitor the company's upcoming quarterly financial results for fundamental performance indicators.

Steel City Securities Shareholders Approve Final Dividend and Director Appointments at 32nd AGM

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 26 Jun 2026, 12:37 PM

Steel City Securities Limited successfully conducted its 32nd Annual General Meeting on June 24, 2026, where all five proposed resolutions were passed with requisite majority. Shareholders approved the audited financial statements for FY 2025-26 and confirmed the declaration of the final dividend. Key leadership decisions included the re-appointment of Smt. G. V. Vandana as Director and the appointment of Sri. Nunna Satya Kumar as an Independent Director for a five-year term. The voting results showed near-unanimous support for all items, including the ratification of statutory auditors for FY 2026-27.

Shareholders approved the adoption of Standalone and Consolidated Financial Statements for the year ended March 31, 2026, with 1,18,06,388 votes in favor.
The declaration of the Final Dividend for FY 2025-26 was confirmed, following three previously paid interim dividends during the year.
Sri. Nunna Satya Kumar was appointed as an Independent Director for a 5-year term with 1,18,06,013 votes in favor.
Resolution for re-appointment of Smt. G. V. Vandana passed with 65,95,234 valid votes, after excluding 52,11,154 votes from interested parties.
The appointment of Statutory Auditors for the financial year 2026-27 was ratified with 100% of valid votes cast in favor.

💡 Investors should take note of the confirmed dividend payout and the stability in the company's leadership. No immediate action is required as these are routine governance approvals.

Steel City Securities Approves Re. 1 Final Dividend at 32nd AGM

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 24 Jun 2026, 01:30 PM

Steel City Securities Limited concluded its 32nd Annual General Meeting on June 24, 2026, where shareholders approved the financial statements for FY 2025-26. A significant outcome was the declaration of a final dividend of 10%, which translates to Re. 1 per equity share. The meeting also confirmed three previously paid interim dividends and approved the appointment of Sri. Nunna Satya Kumar as an Independent Director for a five-year term.

Declared a final dividend of 10% amounting to Re. 1 per equity share for FY 2025-26
Confirmed the payment of 1st, 2nd, and 3rd interim dividends distributed earlier in the year
Appointed Sri. Nunna Satya Kumar as an Independent Director for a 5-year tenure
Ratified the transition of Statutory Auditors to M/s. Rao & Kumar LLP for FY 2026-27
Adopted audited standalone and consolidated financial statements for the year ended March 31, 2026

💡 Investors should monitor the record date for the final dividend payout to ensure eligibility. The consistent dividend policy and smooth director appointments indicate stable corporate governance.

Steel City Securities Sets June 16, 2026, as Record Date for Final Dividend FY 2025-26

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 15 Jun 2026, 12:19 PM

Steel City Securities Limited has officially designated June 16, 2026, as the record date to identify eligible shareholders for the final dividend of the financial year 2025-26. The announcement was made via a formal filing to the National Stock Exchange on June 15, 2026. This corporate action ensures that investors holding the stock in their demat accounts by the end of the record date will receive the payout. While the specific dividend amount per share is not detailed in this filing, it confirms the timeline for the distribution process.

Record date for the final dividend is fixed as June 16, 2026.
The dividend distribution pertains to the performance of Financial Year 2025-26.
Official notification was submitted to the National Stock Exchange (NSE) on June 15, 2026.
The company is a diversified financial services provider with memberships in NSE, BSE, MCX, and NCDEX.

💡 Investors seeking to qualify for the dividend must ensure they purchase or hold the shares before the ex-dividend date, which typically precedes the record date. Existing shareholders should verify their bank mandates are updated for seamless credit.

Steel City Securities Promoters Declare Zero Pledged Shares for FY 2025-26

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 05 Jun 2026, 06:37 PM

Promoters of Steel City Securities Limited have submitted their annual declarations under Regulation 31(4) of SEBI (SAST) Regulations for the period ending March 31, 2026. Four major promoter groups, collectively holding approximately 71.36% of the company's total share capital, confirmed that no shares have been pledged or encumbered, directly or indirectly. The largest individual promoter block belongs to Satish Kumar Arya and PACs with a 22% stake. This routine disclosure provides transparency regarding the lack of promoter leverage against their equity holdings.

Promoters confirmed zero encumbrances or pledges on their shareholdings as of March 31, 2026.
Satish Kumar Arya and PACs hold the highest promoter stake at 33,24,445 shares (22.00%).
G.V. Vandana and G. Sirisha groups hold significant stakes of 18.31% and 18.24% respectively.
K. Satyanarayana and PACs declared a holding of 19,36,598 equity shares representing 12.81% of the company.
The total promoter holding accounted for in these disclosures amounts to 1,07,84,639 shares (71.36%).

💡 Investors should view this as a sign of financial stability, as the absence of pledged shares reduces the risk of forced selling during market volatility. No immediate action is required as this is a routine annual compliance filing.

Steel City Securities Sets June 17, 2026 as Record Date for Final Dividend

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 25 May 2026, 01:24 PM

Steel City Securities Limited has announced June 17, 2026, as the record date to determine eligibility for the final dividend of the financial year 2025-26. The company will observe a book closure period from June 17 to June 23, 2026, for the purpose of the dividend and the upcoming Annual General Meeting. The final dividend is subject to shareholder approval at the AGM scheduled for June 24, 2026. Investors must hold shares as of the record date to be eligible for the payout.

Record date for Final Dividend FY 2025-26 fixed as June 17, 2026
Book closure period scheduled from June 17, 2026, to June 23, 2026
Annual General Meeting (AGM) to be conducted on June 24, 2026
Dividend payout is contingent upon approval by shareholders at the AGM

💡 Investors seeking the dividend should ensure they purchase shares at least one trading day prior to the ex-dividend date to qualify. Monitor the AGM outcome on June 24 for final confirmation of the dividend amount.

Steel City Securities Recommends Re. 1 Final Dividend; Total FY26 Payout Reaches Rs. 4

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 25 May 2026, 01:15 PM

Steel City Securities has recommended a final dividend of Re. 1 per equity share (10% of face value) for FY 2025-26. This final recommendation follows three interim dividends of Re. 1 each already declared during the fiscal year, bringing the total annual payout to Rs. 4 per share. The company has fixed June 17, 2026, to June 23, 2026, as the book closure period to determine eligible shareholders. Furthermore, the board has authorized the company to register for the Electronic Gold Receipts (EGR) segment and act as a market maker on stock exchanges.

Recommended final dividend of Re. 1 per share, totaling Rs. 4 for the full financial year 2025-26
Book closure for dividend eligibility set from June 17, 2026, to June 23, 2026
Board approved entry into the Electronic Gold Receipts (EGR) segment of the NSE
Authorized the company to obtain registration as a Market Maker in various exchanges
Appointment of Nunna Satya Kumar as an Independent Director for a five-year tenure

💡 Investors should note the book closure dates to ensure eligibility for the final dividend and monitor the company's expansion into EGR and market-making segments for long-term growth.

View All STEELCITY Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated Net Profit Before Tax (NPBT) for the six months ended September 30, 2025, was INR 9.59 Cr, representing an 18.9% decline compared to INR 11.83 Cr in the previous year's corresponding period. Standalone NPBT also fell 17.1% YoY to INR 9.62 Cr.

Geographic Revenue Split

The company operates PAN India with a leadership position in Andhra Pradesh, where it pioneered the franchisee model to extend business potential into urban and rural areas.

Profitability Margins

Consolidated operating profit before working capital changes was INR 8.68 Cr for the half-year ended September 2025, down 18.5% from INR 10.65 Cr YoY. Standalone operating profit was INR 8.70 Cr, a 17.8% decrease from INR 10.59 Cr.

EBITDA Margin

Core profitability as measured by operating profit before working capital changes stood at approximately 90.5% of NPBT for the consolidated entity, showing consistent operational efficiency despite the absolute profit decline.

Capital Expenditure

The company owns several of its office premises to strengthen its brand and maintains operational equipment to ensure business continuity; specific INR Cr values for planned CapEx are not disclosed.

Credit Rating & Borrowing

The company utilizes secured loans, overdrafts, and bank guarantee facilities from HDFC Bank, Karur Vysya Bank, and ICICI Bank. Standalone finance costs decreased by 40.4% YoY to INR 0.38 Cr from INR 0.64 Cr.

⚙️ Operational Drivers

Raw Materials

As a financial services firm, primary operational costs are human capital and technology infrastructure rather than physical raw materials.

Import Sources

Not applicable as the company provides financial and e-governance services.

Key Suppliers

Key technology and service partners include NSE, BSE, MCX, NCDEX, and NSDL for e-governance and trading platforms.

Capacity Expansion

The company focuses on increasing its customer base through a diversified portfolio including equity trading, derivatives, commodities, and e-governance services across its PAN India network.

Raw Material Costs

Not applicable; however, employee-related costs and technology maintenance are the primary drivers of the cost structure.

Manufacturing Efficiency

Not applicable; efficiency is driven by policy-based processes and accurate business practices in the broking industry.

Logistics & Distribution

Distribution is handled through an extensive franchisee model, particularly strong in Andhra Pradesh.

📈 Strategic Growth

Growth Strategy

Growth is targeted through diversification into value-added services such as Prosure (Tele Consultation), 1SilverBullet (Fixed Deposits), Fibe (Personal Loans), and Mahindra Finance (Home Loans), alongside its core e-governance and stock broking leadership.

Products & Services

Equity Trading, Derivatives, Commodities, Currency, Mutual Funds, Life/General/Health Insurance, IPO services, Depository Services, e-Governance (PAN, TAN, e-TDS), and Investment Advisory.

Brand Portfolio

Steel City (Confidence as Strong as Steel), Prosure, 1SilverBullet.

New Products/Services

Recent expansion into tele-consultation (Prosure) and education loans (Propelled) to diversify revenue streams beyond traditional capital market services.

Market Expansion

Focus on urban and rural penetration through the Franchisee model, specifically targeting younger generations for financial education and awareness.

Market Share & Ranking

Leadership position in e-governance services pan India and a leading retail stock broking company in Andhra Pradesh.

Strategic Alliances

Corporate agency agreements with SBI Life Insurance, United India Insurance, Religare Health Insurance, and LIC; partnerships with Fibe and Mahindra Finance for loan products.

🌍 External Factors

Industry Trends

The industry is shifting toward digital-first financial supermarkets offering integrated broking, insurance, and credit products; Steel City is positioning itself as a diversified financial services provider.

Competitive Landscape

Competes with national retail brokers and emerging fintech platforms in the capital markets and e-governance sectors.

Competitive Moat

Moat is built on a dominant e-governance footprint and a deep-rooted franchisee network in rural Andhra Pradesh, which are difficult for digital-only competitors to replicate quickly.

Macro Economic Sensitivity

Highly sensitive to capital market performance and investor sentiment, which directly impacts trading volumes and brokerage income.

Consumer Behavior

Increasing demand for one-stop financial solutions among younger generations, driving the company's expansion into tele-consultation and personal loans.

Geopolitical Risks

Indirect impact through global market volatility affecting domestic stock indices and trading activity.

⚖️ Regulatory & Governance

Industry Regulations

Operations are strictly governed by SEBI, MCA, PFRDA, and various Stock Exchanges; the company maintains a Whistle Blower Policy and Vigil Mechanism for compliance.

Environmental Compliance

The company's service-based operations have minimal environmental impact; CSR expenditure for FY25 was INR 31.46 Lakhs (INR 0.31 Cr).

Taxation Policy Impact

The company is subject to standard corporate tax rates in India; standalone NPBT was INR 9.62 Cr for the half-year ended September 2025.

Legal Contingencies

There were no significant or material orders passed by regulators, courts, or tribunals impacting the company's going concern status or future operations.

⚠️ Risk Analysis

Key Uncertainties

Market risk and regulatory changes in the e-governance sector represent primary uncertainties; an inter-corporate loan of INR 1.5 Cr to its subsidiary remains due.