India Steel

Mumbai, India Founded: 1959 • Age: 67 yrs Listed
Steel products are manufactured by India Steel in Mumbai, India.

About India Steel

India Steel is a publicly listed company based in Mumbai (India) founded in 1959. Steel products are manufactured by India Steel in Mumbai, India. The company has 5 employees. Its Indian entity India Homes Limited reported revenue of β‚Ή27.64 Cr. India Steel offers products and services including Hot Rolled Products and Bright Bars. Its focus areas include Chemicals and Materials, Metals and Alloys and Steel.

Company details

India Steel was founded in 1959 and is headquartered in Mumbai, India. Operations focus on the production of steel products within the manufacturing sector. The company is led by Managing Director Sudhir Gupta. Activities are centered in India, with the domain indiasteel.in supporting its online operations. Steel manufacturing processes are conducted to meet industry standards in the region.

  • Headquarters Mumbai, India
  • Employees 5
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website indiasteel.in
  • Social Facebook
  • Legal Name Indiahomes Limited
Key Metrics
  • Market Cap
    ₹1,009 Cr

    INDIAHOMES · BSE

  • Share Price
    ₹25.18

    -0.63% today

  • Revenue
    ₹4.71 Cr

    FY 2022-23 · -80.2% YoY

  • EBITDA
    −₹47.59 Cr

    Margin -1,010.4%

  • Net Profit
    −₹33.77 Cr

    FY 2022-23 · +50.2% YoY

  • Debt / Equity
    1.00

    Interest cover -14.9x

  • Employee Count
    5

Products & Services of India Steel

India Steel offers a comprehensive portfolio of products and services, including Hot Rolled Products and Bright Bars.

Hot Rolled Products
Steel Products

Hot rolled steel products are manufactured for industrial uses in construction and manufacturing sectors.

Bright Bars
Steel Products

Bright bars are produced through processing techniques for engineering and automotive applications.

Board of directors of India Homes Limited (India Steel)

India Homes Limited is the primary company behind India Steel. The board of India Homes Limited currently have 8 directors; the longest-serving is Varun Sudhir Gupta, appointed in 2009. 28 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Varun Sudhir Gupta
DIN 02938137
Managing Director17 Dec 200916 yrs 10 moIndia Homes Limited
Sudhir Harbanslal Gupta
DIN 00010853
Whole-time director01 Sep 201313 yrs 2 moIndia Homes Limited
Shivanand Shesherao Bhalerao
DIN 09263141
Director20 Sep 20224 yrs 1 moIndia Homes Limited
Santosh Pandharinath Bhosale
DIN 05117360
Director20 Sep 20224 yrs 1 moIndia Homes Limited
Priyanka Varun Gupta
DIN 08057096
Director05 Sep 20233 yrs 2 moIndia Homes Limited
Ratna Deep Ranjan
DIN 08755116
Director11 Dec 20232 yrs 11 moIndia Homes Limited
Siddharth Sudhir Gupta
DIN 03640615
Whole-time director22 Nov 20241 yr 11 moIndia Homes Limited
Rajesh Govind Pote
DIN 10287655
Director22 Nov 20241 yr 11 moIndia Homes Limited

People of India Steel

1 people are tracked at India Steel (1 in leadership); the tracked headcount is 5.

NameRoleGroup
Managing DirectorLeadership
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IPO & Listings of India Steel

India Steel is a publicly listed company on the BSE with ticker symbol ISWL in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date16 Sep 1992
  • Listed onBSE: 513361
  • Listed entityIndiahomes Limited
  • Exchange sectorNon-energy minerals
  • Share price₹10.45 (+0.19% on the day) · 2025-09-29
  • Market capitalisation₹415 Cr
  • EPS (diluted, trailing year)₹-0.26
  • Volume (last session)776,698
  • Analyst consensusNeutral

Financials of India Steel

Exchange-reported figures of India Homes Limited, the listed company behind India Steel (BSE: INDIAHOMES).

Financial Highlights

FY 2022-23 Β· Consolidated
Revenue
₹4.71 Cr
-80.2% YoY
EBITDA
−₹47.59 Cr
+66.6% YoY
Profit After Tax
−₹33.77 Cr
+50.2% YoY
Net Worth
₹48.53 Cr
-43.3% YoY
Total Assets
₹128 Cr
-19.0% YoY
Total Debt
₹70.93 Cr
+11.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Income statement
Revenue4.7123.81144140532
Revenue growth-80.2%-83.5%+3.1%-73.8%-
EBITDA(47.59)(143)(35.62)(36.54)(6.99)
EBITDA margin-1010.4%-599.0%-24.8%-26.2%-1.3%
Profit before tax(35.91)(50.67)(19.82)(19.69)(5.41)
Net profit(33.77)(67.82)(17.05)(19.63)(5.63)
Net profit margin-717.0%-284.8%-11.9%-14.1%-1.1%
EPS (β‚Ή)(0.90)(1.27)(0.50)(0.49)(0.14)
Balance sheet
Total assets128158429467377
Net worth48.5385.62135154220
Total debt70.9363.5912511046.86
Cash & bank0.450.481.001.832.35
Net working capital(121)(100)149(16.76)(13.91)
Cash flow
Cash from operations(1.04)(3.89)(40.02)(42.34)(3.70)
Cash from investing0.07(0.03)1.060.20(4.89)
Cash from financing1.023.3939.1841.958.92
ParticularsSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022Dec 2021
Revenue0.000.821.230.601.541.346.669.10
Revenue growth (YoY)-100.0%-38.8%-81.5%-93.4%-70.9%---
Other income0.360.371.310.060.060.4619.402.83
EBITDA(1.89)(1.53)(8.10)(3.56)(5.43)(5.03)(52.06)(2.78)
EBITDA margin--186.6%-658.5%-593.3%-352.6%-375.4%-781.7%-30.5%
Depreciation1.871.851.841.891.871.871.861.90
Interest2.622.451.892.162.191.980.592.28
Profit before tax(6.02)(5.46)(10.52)(7.55)(9.43)(8.42)(35.11)(4.13)
Tax0.000.000.000.000.000.000.000.00
Net profit(6.02)(5.46)(10.52)(7.55)(9.43)(8.42)(35.11)(4.13)
EPS (β‚Ή)(0.15)(0.14)(0.26)(0.19)(0.24)(0.21)(0.88)(0.10)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue24.500.010.824.7123.81144140
Revenue growth--98.8%-82.6%-80.2%-83.5%+3.1%-
EBITDA20.21(7.57)(6.33)(47.63)(143)(35.60)(36.52)
EBITDA margin+82.5%--772.0%-1011.3%-599.0%-24.8%-26.2%
Profit before tax18.65(13.41)(11.62)(35.95)(50.66)(19.80)(19.67)
Net profit18.65(15.67)(17.44)(33.76)(67.81)(17.03)(19.61)
Net profit margin+76.1%--2126.8%-716.8%-284.8%-11.8%-14.1%
EPS (β‚Ή)0.47(0.34)(0.29)(0.90)(1.27)(0.50)(0.49)
Balance sheet
Total assets143135139124158429467
Net worth45.0126.3739.7548.5585.67135155
Total debt91.3810293.0567.4363.59125110
Cash & bank0.900.470.450.440.460.981.82
Net working capital(94.96)(99.40)(107)(125)(100)149(16.77)
Cash flow
Cash from operations12.91(6.27)(21.91)(1.04)(3.89)(40.02)(42.36)
Cash from investing(0.01)(0.01)(0.01)0.07(0.03)1.060.20
Cash from financing(12.47)6.2921.921.023.3939.1841.95
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.040.0024.480.000.000.020.010.00
Revenue growth (YoY)--100.0%------
Other income7.286.881.481.430.120.120.330.12
Total expenses1.091.621.290.721.300.991.111.26
EBITDA(1.05)(1.62)23.19(0.72)(1.30)(0.97)(1.10)(1.26)
EBITDA margin-2625.0%-+94.7%---4850.0%--
Depreciation0.030.030.030.030.030.031.711.72
Interest1.931.791.800.251.940.590.820.57
Profit before tax4.273.4422.840.43(3.15)(1.47)(3.30)(3.43)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 14 Nov 2026
ParticularsSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022Dec 2021
Revenue0.000.821.230.601.541.346.669.10
Revenue growth (YoY)-100.0%-38.8%-81.5%-93.4%-70.9%---
Other income0.360.371.310.060.060.4619.402.83
EBITDA(1.89)(1.53)(8.10)(3.56)(5.43)(5.03)(52.06)(2.78)
EBITDA margin--186.6%-658.5%-593.3%-352.6%-375.4%-781.7%-30.5%
Depreciation1.871.851.841.891.871.871.861.90
Interest2.622.451.892.162.191.980.592.28
Profit before tax(6.02)(5.46)(10.52)(7.55)(9.43)(8.42)(35.11)(4.13)
Tax0.000.000.000.000.000.000.000.00
Net profit(6.02)(5.46)(10.52)(7.55)(9.43)(8.42)(35.11)(4.13)
EPS (β‚Ή)(0.15)(0.14)(0.26)(0.19)(0.24)(0.21)(0.88)(0.10)
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Revenue4.7123.81144140532
Revenue growth-80.2%-83.5%+3.1%-73.8%-
Other income27.3810732.4037.1025.78
Total expenses52.30166179176539
Employee cost4.324.415.3815.0417.96
EBITDA(47.59)(143)(35.62)(36.54)(6.99)
EBITDA margin-1010.4%-599.0%-24.8%-26.2%-1.3%
Depreciation7.487.557.6010.6110.90
Interest8.227.909.009.6413.30
Profit before tax(35.91)(50.67)(19.82)(19.69)(5.41)
Tax0.000.000.000.00(0.02)
Net profit(33.77)(67.82)(17.05)(19.63)(5.63)
Net profit margin-717.0%-284.8%-11.9%-14.1%-1.1%
EPS (β‚Ή)(0.90)(1.27)(0.50)(0.49)(0.14)
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Equity & liabilities
Share capital39.8139.8139.8139.8185.96
Reserves & surplus8.7245.8195.45115134
Shareholders' funds (net worth)48.5385.62135154220
Minority interest0.000.000.000.000.00
Secured loans45.2438.8234.2233.6526.81
Unsecured loans25.6924.7791.2476.0420.05
Total debt70.9363.5912511046.86
Total liabilities128158429467377
Assets
Gross block287287287287287
Net block216224231239249
Capital work in progress0.000.000.000.240.24
Investments0.010.012.132.132.13
Inventories13617023865.47151
Sundry debtors0.230.2710.3013.2438.00
Cash & bank balances0.450.481.001.832.35
Loans & advances26.938.715.2212.6412.06
Total current assets16418025593.18203
Total current liabilities285280105110217
Net working capital(121)(100)149(16.76)(13.91)
Total assets128158429467377
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Opening cash0.160.690.480.670.35
Net cash from operating activities(1.04)(3.89)(40.02)(42.34)(3.70)
Net cash from investing activities0.07(0.03)1.060.20(4.89)
Net cash from financing activities1.023.3939.1841.958.92
Net change in cash0.04(0.53)0.22(0.19)0.32
Closing cash0.450.481.001.832.35
ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Growth
Sales growth-80.2%-83.5%+3.1%-73.8%-
EBITDA growth+66.6%-300.4%+2.5%-422.8%-
PBT growth+29.1%-155.7%-0.7%-264.0%+9997.0%
Net income growth+50.2%-297.8%+13.1%-248.7%-
Revenue CAGR (3Y)-67.7%-64.5%---
EBITDA CAGR (3Y)+9.2%+173.3%---
Profitability & leverage
Net income margin-762.4%-212.8%-13.8%-14.1%-1.0%
Return on capital employed0.0%0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%0.0%
Debt / equity1.000.860.810.420.21
Long-term debt / equity0.280.180.110.050.02
Interest cover-14.93-5.26-20.82-20.45-74.34
Efficiency & per share
Fixed asset turnover0.020.080.500.491.85
Inventory turnover0.030.120.951.293.52
Debtors turnover18.844.5112.225.4513.99
EPS (β‚Ή)(0.90)(1.27)(0.50)(0.49)(0.14)
Dividend per share (β‚Ή)0.000.000.000.000.00
Book value per share (β‚Ή)1.222.153.403.884.37
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue0.040.0024.480.000.000.020.010.00
Revenue growth (YoY)--100.0%------
Other income7.286.881.481.430.120.120.330.12
Total expenses1.091.621.290.721.300.991.111.26
EBITDA(1.05)(1.62)23.19(0.72)(1.30)(0.97)(1.10)(1.26)
EBITDA margin-2625.0%-+94.7%---4850.0%--
Depreciation0.030.030.030.030.030.031.711.72
Interest1.931.791.800.251.940.590.820.57
Profit before tax4.273.4422.840.43(3.15)(1.47)(3.30)(3.43)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue24.500.010.824.7123.81144140
Revenue growth--98.8%-82.6%-80.2%-83.5%+3.1%-
Other income3.145.2412.4427.3810732.4037.10
Total expenses4.297.587.1552.34166179176
Employee cost0.580.440.734.324.415.3815.21
EBITDA20.21(7.57)(6.33)(47.63)(143)(35.60)(36.52)
EBITDA margin+82.5%--772.0%-1011.3%-599.0%-24.8%-26.2%
Depreciation0.126.887.587.487.557.6010.61
Interest4.584.2010.158.227.909.009.64
Profit before tax18.65(13.41)(11.62)(35.95)(50.66)(19.80)(19.67)
Tax0.000.000.000.000.000.000.00
Net profit18.65(15.67)(17.44)(33.76)(67.81)(17.03)(19.61)
Net profit margin+76.1%--2126.8%-716.8%-284.8%-11.8%-14.1%
EPS (β‚Ή)0.47(0.34)(0.29)(0.90)(1.27)(0.50)(0.49)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital39.8139.8139.8139.8139.8139.8139.81
Reserves & surplus5.20(13.44)(0.06)8.7445.8695.49115
Shareholders' funds (net worth)45.0126.3739.7548.5585.67135155
Secured loans32.3748.5357.1245.2438.8234.2233.65
Unsecured loans59.0153.8935.9322.1924.7791.2476.04
Total debt91.3810293.0567.4363.59125110
Total liabilities143135139124158429467
Assets
Gross block287287287287287287287
Net block202202209216224231239
Capital work in progress0.000.000.000.000.000.000.24
Investments0.010.010.010.010.062.182.18
Inventories13913513513617023865.47
Sundry debtors0.000.000.000.230.2710.3013.24
Cash & bank balances0.900.470.450.440.460.981.82
Loans & advances19.9021.6620.1520.828.715.2112.67
Total current assets15915715615818025493.20
Total current liabilities254257263282280105110
Net working capital(94.96)(99.40)(107)(125)(100)149(16.77)
Total assets143135139124158429467
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.200.190.190.150.680.460.67
Net cash from operating activities12.91(6.27)(21.91)(1.04)(3.89)(40.02)(42.36)
Net cash from investing activities(0.01)(0.01)(0.01)0.07(0.03)1.060.20
Net cash from financing activities(12.47)6.2921.921.023.3939.1841.95
Net change in cash0.430.010.000.04(0.53)0.22(0.20)
Closing cash0.900.470.450.440.460.981.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth--98.8%-82.6%-80.2%-83.5%+3.1%-
EBITDA growth+367.0%-19.6%+86.7%+66.6%-300.6%+2.5%-
PBT growth+9998.0%-15.4%+67.7%+29.0%-155.9%-0.7%-264.3%
Net income growth+219.0%+10.2%+48.3%+50.2%-298.2%+13.2%-
Revenue CAGR (3Y)+73.3%-92.5%-82.1%-67.7%-64.5%-46.7%-49.5%
EBITDA CAGR (3Y)--62.4%-43.8%+9.3%+173.4%+472.2%-
Profitability & leverage
Net income margin+76.1%--1417.1%-763.3%-212.8%-13.8%-14.1%
Return on capital employed+8.9%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth+11.8%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity2.712.961.820.980.860.810.42
Long-term debt / equity1.401.160.510.260.180.110.05
Interest cover22.80-29.07-72.97-14.92-5.26-20.83-20.45
Efficiency & per share
Fixed asset turnover0.090.000.000.020.080.500.49
Inventory turnover0.180.000.010.030.120.951.29
Debtors turnover0.000.007.1318.844.5112.225.45
EPS (β‚Ή)0.47(0.34)(0.29)(0.90)(1.27)(0.50)(0.49)
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)1.130.661.001.222.153.403.88

Web traffic of India Steel

The website of India Steel (indiasteel.in) receives about 2.4K visits a month.

  • Monthly visits
    2.4K

    ▲ 14.2% vs previous month

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Top companies in Metals & Minerals

3 companies that operate in the same segment as India Steel (Metals & Minerals) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Manufacturer of pipes, plates & coils, and home textile products
1985Mumbai, Maharashtra, IndiaUSD 544.74 M6,934
Chemical and casting products are manufactured, with shipping operations managed.
1962Chennai, Tamil Nadu, IndiaUSD 576.61 MUSD 1.43 B180
Diversified operations span automotive, agriculture, and financial services.
1945Mumbai, Maharashtra, IndiaUSD 45.15 MUSD 21.54 B78,760
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Frequently Asked Questions about India Steel

India Steel was founded in 1959.

India Steel is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

India Steel has 5 employees.

The primary company behind India Steel, India Homes Limited, reported revenue of β‚Ή27.64 Cr for FY 2026.

India Steel was founded in 1959 and is headquartered in Mumbai, India. Operations focus on the production of steel products within the manufacturing sector. The company is led by Managing Director Sudhir Gupta. Activities are centered in India, with the domain indiasteel.in supporting its online operations. Steel manufacturing processes are conducted to meet industry standards in the region.

India Steel offers Hot Rolled Products and Bright Bars.

Yes, India Steel is publicly traded on BSE under the ticker symbol ISWL.

India Steel operates through India Homes Limited.

The legal entities of India Steel currently have 10 directors, including Sudhir Harbanslal Gupta, Varun Sudhir Gupta, Shivanand Shesherao Bhalerao and others.

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