Rathi Bars Limited - metals and minerals in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN L74899DL1993PLC054781 Incorporated 10 August 1993 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - BSE: 532918 Public Limited Company metals and minerals
Data last updated
Market Cap
₹25.31 Cr
RATHIBAR · BSE
Share Price
₹15.49
-0.06% today
Revenue
₹369 Cr
FY 2025-26 · -25.7% YoY
EBITDA
−₹2.49 Cr
Margin -0.7%
Net Profit
−₹11.52 Cr
FY 2025-26 · -548.3% YoY
Authorised capital
₹18 Cr
Registered with MCA
Paid-up capital
₹16.33 Cr
Issued & subscribed
Open charges
₹89.78 Cr
Satisfied ₹110.25 Cr

About Rathi Bars Limited

Data last updated:

Rathi Bars Limited is a public limited company based in New Delhi, Delhi, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 10 August 1993 and has been in existence for over 33 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1993PLC054781. Its GSTIN is 07AAACR0737N1Z8 (Delhi). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532918.

The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹16.33 Cr. It is led by directors including Anurag Rathi (Managing Director) and Uddhav Rathi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 24 / 7 Mohan Co – Operative Industrial Estate Mathura Road, New Delhi, Delhi, India – 110044.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹368.6 Cr, a decline of 25.7% compared to the previous year. For the same year it recorded a net loss of ₹11.52 Cr (net margin -3.1%) and EBITDA of -₹2.49 Cr (EBITDA margin -0.7%).

The company has about 74 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: RATHI. As per MCA filings, the company has open charges of ₹89.78 Cr and satisfied charges of ₹110.25 Cr on record. Court records list 133 cases involving the company, including 45 filed by the company and 89 filed against it; 30 cases are pending. The company has 28 deals on record (27 market trades, 1 ipo); the latest was in December 2024. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Nrtmt (India) Private Limited with revenue of ₹502.29 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rathisteels.com.

Company details

CIN L74899DL1993PLC054781
Registration Number 054781
Incorporation Date 10 August 1993
ROC Delhi
Listing Status Listed - Listed on BSE (532918)
Company Status Active
Date of Last AGM 16 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Rathi Bars has one previous CIN (Corporate Identification Number): U74899DL1993PLC054781. The current CIN is L74899DL1993PLC054781, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L74899DL1993PLC054781Current
U74899DL1993PLC054781Previous

Contact details

Rathi Bars Limited's registered office is in New Delhi, Delhi. Its website is rathisteels.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    A – 24 / 7 Mohan Co – Operative Industrial Estate Mathura Road, New Delhi, Delhi, India – 110044
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Rathi Bars Limited, buy the company report.

Comprehensive company report
Rathi Bars Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Rathi Bars operates one associated brand: RATHI. Each brand links to its own profile.

BrandDescriptionWebsite
Industrial steel equipment is manufactured for various sectors since 1942.rathisteels.com

Business activity

The main business activity of Rathi Bars is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Rathi Bars Limited, buy the company report.

Financials of Rathi Bars Limited

FY 2025-26 filings available

Rathi Bars Limited reported revenue of ₹368.6 Cr (down 25.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹369 Cr
-25.7% YoY
EBITDA
−₹2.49 Cr
-118.6% YoY
Profit After Tax
−₹11.52 Cr
-548.2% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue369496614482494324383
Revenue growth-25.7%-19.2%+27.3%-2.3%+52.5%-15.5%-
EBITDA(2.49)13.3614.3414.9613.2511.8611.80
EBITDA margin-0.7%+2.7%+2.3%+3.1%+2.7%+3.7%+3.1%
Profit before tax(12.25)3.524.063.313.183.042.89
Net profit(11.52)2.573.582.582.862.312.74
Net profit margin-3.1%+0.5%+0.6%+0.5%+0.6%+0.7%+0.7%
EPS (₹)(7.06)1.572.191.581.751.421.67
Balance sheet
Total assets-179161163153132124
Net worth-96.4993.9290.3687.7784.9382.37
Total debt-81.9866.5672.2164.9647.1940.86
Cash & bank-0.250.490.530.070.020.34
Net working capital-13712011810684.0475.63
Cash flow
Cash from operations-(2.96)12.433.02(9.36)3.052.19
Cash from investing-(6.23)(0.60)(4.51)(4.12)(6.38)(10.84)
Cash from financing-8.95(11.86)1.9413.533.028.84
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.0019.5490.6212613313811199.94
Revenue growth (YoY)-100.0%-85.9%-18.0%+25.7%-10.0%---
Other income0.000.220.340.530.221.420.000.00
Total expenses13.3331.1288.3012213013510796.44
EBITDA(13.33)(11.58)2.323.633.152.833.473.50
EBITDA margin--59.3%+2.6%+2.9%+2.4%+2.0%+3.1%+3.5%
Depreciation1.021.371.201.321.091.201.101.33
Interest1.262.040.761.871.431.971.491.57
Profit before tax(15.61)(14.77)0.700.970.851.080.880.60
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.0019.5490.6212613313811199.94
Revenue growth (YoY)-100.0%-85.9%-18.0%+25.7%-10.0%---
Other income0.000.220.340.530.221.420.000.00
Total expenses13.3331.1288.3012213013510796.44
EBITDA(13.33)(11.58)2.323.633.152.833.473.50
EBITDA margin--59.3%+2.6%+2.9%+2.4%+2.0%+3.1%+3.5%
Depreciation1.021.371.201.321.091.201.101.33
Interest1.262.040.761.871.431.971.491.57
Profit before tax(15.61)(14.77)0.700.970.851.080.880.60
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue369496614482494324383
Revenue growth-25.7%-19.2%+27.3%-2.3%+52.5%-15.5%-
Other income1.321.420.340.280.090.360.33
Total expenses371483600467481312371
Employee cost0.005.205.636.427.386.479.66
EBITDA(2.49)13.3614.3414.9613.2511.8611.80
EBITDA margin-0.7%+2.7%+2.3%+3.1%+2.7%+3.7%+3.1%
Depreciation4.994.764.496.545.855.695.72
Interest6.096.506.135.394.313.493.52
Profit before tax(12.25)3.524.063.313.183.042.89
Tax(0.73)0.950.480.730.320.730.15
Net profit(11.52)2.573.582.582.862.312.74
Net profit margin-3.1%+0.5%+0.6%+0.5%+0.6%+0.7%+0.7%
EPS (₹)(7.06)1.572.191.581.751.421.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-16.3316.3316.3316.3316.3316.33
Reserves & surplus-80.1677.5974.0371.4468.6066.04
Shareholders' funds (net worth)-96.4993.9290.3687.7784.9382.37
Secured loans-73.8552.765.6864.9647.1940.86
Unsecured loans-8.1313.8066.530.000.000.00
Total debt-81.9866.5672.2164.9647.1940.86
Total liabilities-179161163153132124
Assets
Gross block-11410610598.7093.8584.96
Net block-41.3538.1241.8741.6942.6938.44
Capital work in progress-5.036.916.678.839.5213.06
Investments-0.080.080.540.540.540.47
Inventories-12.8715.6916.2929.1318.4613.35
Sundry debtors-97.4572.7979.2869.7558.4658.67
Cash & bank balances-0.250.490.530.070.020.34
Loans & advances-37.9344.4639.3524.3822.4918.61
Total current assets-14813313512399.4390.97
Total current liabilities-11.5313.5016.9716.8615.3915.34
Net working capital-13712011810684.0475.63
Total assets-179161163153132124
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-0.490.530.070.020.340.14
Net cash from operating activities-(2.96)12.433.02(9.36)3.052.19
Net cash from investing activities-(6.23)(0.60)(4.51)(4.12)(6.38)(10.84)
Net cash from financing activities-8.95(11.86)1.9413.533.028.84
Net change in cash-(0.24)(0.04)0.450.06(0.32)0.20
Closing cash-0.250.490.530.070.020.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-25.7%-19.2%+27.3%-2.3%+52.5%-15.5%-
EBITDA growth-118.6%-6.8%-4.1%+12.9%+11.7%+0.5%-
PBT growth--13.3%+22.7%+4.1%+4.6%+5.2%+5.5%
Net income growth-548.3%-28.2%+38.8%-9.8%+23.8%-15.7%-
Revenue CAGR (3Y)-8.6%+0.2%+23.8%+8.0%+6.4%+9.5%+27.3%
EBITDA CAGR (3Y)-+0.3%+6.5%+8.2%+16.2%+16.6%+20.7%
Profitability & leverage
Net income margin-3.1%+0.5%+0.6%+0.5%+0.6%+0.7%+0.7%
Return on capital employed-+5.9%+6.3%+5.5%+5.2%+5.1%+5.5%
Return on net worth-+2.7%+3.9%+2.9%+3.3%+2.8%+3.4%
Debt / equity-0.780.750.770.650.530.43
Long-term debt / equity-0.090.140.160.140.100.07
Interest cover-81.4275.5862.2364.0158.2456.5657.89
Efficiency & per share
Fixed asset turnover-4.515.814.735.133.624.72
Inventory turnover-34.7538.4021.2420.7520.3629.43
Debtors turnover-5.838.086.477.705.537.07
EPS (₹)(7.06)1.572.191.581.751.421.67
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0059.0957.5255.3353.7552.0150.44

To see the full year-wise statements and ratios of Rathi Bars Limited, buy the company report.

Board of directors of Rathi Bars Limited

Rathi Bars has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Uddhav RathiWhole-Time Director13 Feb 201412 Years 8 MonthsCurrent
Anurag RathiManaging Director10 Aug 199333 Years 2 MonthsCurrent
Shikha ChakrabortyDirector12 Oct 20188 Years 0 MonthsCurrent
Sonali V ChitalkarDirector30 Sep 201610 Years 0 MonthsCurrent
Hukum SinghDirector25 Oct 20242 Years 0 MonthsCurrent
Rajendra PrasadDirector08 May 20233 Years 5 MonthsCurrent

Peer comparison

Rathi Bars Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Nrtmt (India) Private Limited₹502.29 Cr (FY 2024)5.0%Raigarh, Chhattisgarh, India
Matsyodari Steel and Alloy Private Limited₹500.25 Cr (FY 2025)-1.0%Jalna, Maharashtra, India
A.S. Iron and Steels India Private Limited₹498.43 Cr (FY 2025)-10.0%Hyderabad, Telangana, India
Star Pipe Foundry (India) Private Limited₹495.99 Cr (FY 2024)14.0%Hadamtala, Gujarat, India
Shreegopal Concrete Private Limited₹495.73 Cr (FY 2025)-2.0%Kolkata, West Bengal, India
Jeppiaar Furnace and Steels Private Limited₹492.35 Cr (FY 2025)-9.0%Sriperubudur, Tamil Nadu, India
Rathi Bars Limitedthis company₹368.6 Cr (FY 2026)-₹11.52 Cr-3.1%-25.7%74New Delhi, Delhi, India

To see the full peer comparison of Rathi Bars Limited, buy the company report.

Auditor

Rathi Bars Limited is audited by Gupta Jalan & Associates for the financial year 2022.

Auditor firmFinancial yearFirm registration number
Gupta Jalan & AssociatesFY 2022003721N

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 64.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 36.00%.

Promoters: 64.00%Retail & Others: 36.00%
Mar 2026
QUARTER
64.00% Promoters
36.00% Retail & Others
Promoter holding - history
Now 64.00% · Mar 2026High 64.00% · Jun 2025Low 64.00% · Jun 2025
63%63.5%64%64.5%65%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 64.00%Sep 2025: 64.00%Dec 2025: 64.00%Mar 2026: 64.00%64.00%64.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters64.00%64.00%64.00%64.00%
Public36.00%36.00%36.00%36.00%

Charges & borrowings

Open charges
₹89.78 Cr
Satisfied charges
₹110.25 Cr
Breakdown by lending institutions
Axis Bank Limited₹60.00 Cr
Yes Bank Limited₹20.00 Cr
Hdfc Bank Limited₹8.25 Cr
Others₹1.48 Cr
State Bank of Bikaner and Jaipur₹0.06 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
04 Apr 2025101080067Axis Bank Limited₹60 CrOpen
22 Nov 2024101007037Yes Bank Limited₹20 CrOpen
22 Jul 2024100955329Others₹73.92 LakhOpen
18 Jul 2024100955333Others₹73.92 LakhOpen
20 May 2024100922611Hdfc Bank Limited₹63 LakhOpen

To see the full charge records of Rathi Bars Limited, buy the company report.

Total charge records: 22 View all charges

Deals & funding

Rathi Bars Limited has 28 deals on record (27 market trades, 1 ipo); the latest was in December 2024.

Total deals
28
Market trades
27
IPO
1

Deals on record (5 of 28)

To see the full deal history of Rathi Bars Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Rathi Bars Limited was last rated by Crisil on 11 Dec 2020.

Rating agencyRated onRating
Crisil11 Dec 2020

To see the full credit ratings and regulatory alerts of Rathi Bars Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Rathi Bars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Rathi Bars Limited has a workforce of 74 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
74
Active EPFO establishments
1
Employee growth
-17.78%

GST

Rathi Bars has 4 GST registrations: 2 active and 2 cancelled or inactive.

Total GSTINs
4
Active
2
Cancelled / inactive
2
GSTINStateStatusRegistered on
07AAACR0737N1Z8DelhiActive01 Jul 2017
08AAACR0737N1Z6RajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of Rathi Bars Limited, buy the company report.

Recent activity

Rathi Bars Limited has 32 board changes on record since 1993: 19 appointments and 13 cessations. The latest: Chander Mohan ceased to be Director on 25 Oct 2024.

Filing
Rathi Bars Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Charges
A charge with Hdfc Bank Limited of Rs. 6.30 Cr registered on 20 Nov 2018 with Charge ID 100220040 was modified on 30 Jan 2026.
Charges
A charge registered on 21 Sep 2017 via Charge ID 100133416 with Hdfc Bank Limited was fully satisfied on 30 Jan 2026.
AGM
Rathi Bars Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 60.00 Cr registered on 04 Apr 2025 with Charge ID 101080067 was modified on 26 Aug 2025.
Charges
A charge with Yes Bank Limited of Rs. 20.00 Cr registered on 22 Nov 2024 with Charge ID 101007037 was modified on 26 Aug 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 60.00 Cr with Charge ID 101080067 was registered on 04 Apr 2025.
Charges
A charge with Yes Bank Limited amounted to Rs. 20.00 Cr with Charge ID 101007037 was registered on 22 Nov 2024.
Ceased
Chander Mohan ceased to be Director.
Appointed
Hukum Singh was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.74 Cr with Charge ID 100955329 was registered on 22 Jul 2024.
Charges
A charge with Others amounted to Rs. 0.74 Cr with Charge ID 100955333 was registered on 18 Jul 2024.

62 earlier events are in the company report.

Frequently asked questions

Rathi Bars is an active public limited company based in New Delhi, Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 10 August 1993 (33+ years old) and is registered under CIN L74899DL1993PLC054781. Listed on BSE: 532918.

Rathi Bars reported revenue of ₹368.6 Cr for FY 2025-26 (down 25.7% YoY) based on standalone financials.

Rathi Bars has 6 current directors:

The latest financial statements of Rathi Bars on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Rathi Bars is 07AAACR0737N1Z8, registered in Delhi. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 08AAACR0737N1Z6 (Rajasthan).

The CIN (Corporate Identification Number) of Rathi Bars is L74899DL1993PLC054781. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Rathi Bars is a listed company as per MCA records. Its shares are listed on BSE (code: 532918).

Rathi Bars has 133 court cases on record: 45 filed by the company and 89 filed against it. 30 are pending. Most are in the high courts.

Rathi Bars was incorporated on 10 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.

Rathi Bars has 28 deals on record (27 market trades, 1 ipo); the latest was in December 2024.

The peers of Rathi Bars by revenue are Nrtmt (India) Private Limited, Matsyodari Steel and Alloy Private Limited, A.S. Iron and Steels India Private Limited, Star Pipe Foundry (India) Private Limited, Shreegopal Concrete Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).