About Rathi Bars Limited
Data last updated:
Rathi Bars Limited is a public limited company based in New, 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. 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 2025. The registered office is at A – 24 / 7 Mohan Co – Operative Industrial Estate Mathura Road, New, 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.
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.
- EmailLocked
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- Registered AddressA – 24 / 7 Mohan Co – Operative Industrial Estate Mathura Road, New, Delhi, India – 110044
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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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CIN History of Rathi Bars Limited
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.
| CIN | Status |
|---|---|
| L74899DL1993PLC054781 | Current |
| U74899DL1993PLC054781 | Previous |
Associated Brands with Rathi Bars Limited
Rathi Bars operates one associated brand: RATHI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial steel equipment is manufactured for various sectors since 1942. | rathisteels.com |
Competitors & Alternatives of Rathi Bars Limited
Brands and companies operating in the same space as Rathi Bars Limited include Tata Steel, BlueScope, SISCOL and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Tata Steel | Steel and related metal products are manufactured globally. | Jamshedpur, India | 1907 |
 BlueScope | Painted and coated steel products are manufactured for regional markets. | Sydney, Australia | 1885 |
 SISCOL | End-to-end steel structure solutions are provided for construction projects. | Delhi, India | 2017 |
 Shyam Steel | Manufacturer and supplier of TMT rebar, billets, sponge iron and ferro alloys | Kolkata, India | 1953 |
 Nucor | Steel products including bars, sheets, joists, and decks are manufactured. | Charleston, United States | 1955 |
 SSAB | Manufacturer of steel products including sheet, plate, coil, tube, and profiles | Stockholm, Sweden | 1978 |
 Feralpi Group | Iron and steel for construction are manufactured by Feralpi Group. | 1968 | |
 SRMB Steel | SRMB Steel is recognized as a leading manufacturer of TMT bars and steel products in India. | Kolkata, India | 1951 |
 Emirates Steel Arkan | Steel and building materials producer company | Abu Dhabi, United Arab Emirates | 1998 |
Business Activity of Rathi Bars Limited
The main business activity of Rathi Bars is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Rathi Bars Limited
Rathi Bars Limited is audited by Gupta Jalan & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Gupta Jalan & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uddhav Rathi Also directs: Gordhan Das Rathi Steels Limited, Rathi Special Steels Limited, Sarveshwar Cereals Private Limited and 5 more | Whole-Time Director | 13 Feb 2014 | 12 Years 7 Months | Current |
| Anurag Rathi Also directs: Gordhan Das Rathi Steels Limited, Rathi Special Steels Limited, Sarveshwar Cereals Private Limited and 5 more | Managing Director | 10 Aug 1993 | 33 Years 1 Months | Current |
| Shikha Chakraborty Also directs: Rathi Special Steels Limited | Director | 12 Oct 2018 | 7 Years 11 Months | Current |
| Sonali V Chitalkar Also directs: Eatkind Foods Private Limited, Inkas Services Private Limited | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Hukum Singh Also directs: Rathi Special Steels Limited, Bhiwadi Iron Private Limited, Khushkhera Steels Private Limited and 1 more | Director | 25 Oct 2024 | 1 Years 11 Months | Current |
| Rajendra Prasad Also directs: Rathi Special Steels Limited | Director | 08 May 2023 | 3 Years 4 Months | Current |
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 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 369 | 496 | 614 | 482 | 494 | 324 | 383 |
| Revenue growth | -25.7% | -19.2% | +27.3% | -2.3% | +52.5% | -15.5% | - |
| EBITDA | (2.49) | 13.36 | 14.34 | 14.96 | 13.25 | 11.86 | 11.80 |
| EBITDA margin | -0.7% | +2.7% | +2.3% | +3.1% | +2.7% | +3.7% | +3.1% |
| Profit before tax | (12.25) | 3.52 | 4.06 | 3.31 | 3.18 | 3.04 | 2.89 |
| Net profit | (11.52) | 2.57 | 3.58 | 2.58 | 2.86 | 2.31 | 2.74 |
| Net profit margin | -3.1% | +0.5% | +0.6% | +0.5% | +0.6% | +0.7% | +0.7% |
| EPS (₹) | (7.06) | 1.57 | 2.19 | 1.58 | 1.75 | 1.42 | 1.67 |
| Balance sheet | |||||||
| Total assets | - | 179 | 161 | 163 | 153 | 132 | 124 |
| Net worth | - | 96.49 | 93.92 | 90.36 | 87.77 | 84.93 | 82.37 |
| Total debt | - | 81.98 | 66.56 | 72.21 | 64.96 | 47.19 | 40.86 |
| Cash & bank | - | 0.25 | 0.49 | 0.53 | 0.07 | 0.02 | 0.34 |
| Net working capital | - | 137 | 120 | 118 | 106 | 84.04 | 75.63 |
| Cash flow | |||||||
| Cash from operations | - | (2.96) | 12.43 | 3.02 | (9.36) | 3.05 | 2.19 |
| Cash from investing | - | (6.23) | (0.60) | (4.51) | (4.12) | (6.38) | (10.84) |
| Cash from financing | - | 8.95 | (11.86) | 1.94 | 13.53 | 3.02 | 8.84 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 19.54 | 90.62 | 126 | 133 | 138 | 111 | 99.94 |
| Revenue growth (YoY) | -100.0% | -85.9% | -18.0% | +25.7% | -10.0% | - | - | - |
| Other income | 0.00 | 0.22 | 0.34 | 0.53 | 0.22 | 1.42 | 0.00 | 0.00 |
| Total expenses | 13.33 | 31.12 | 88.30 | 122 | 130 | 135 | 107 | 96.44 |
| EBITDA | (13.33) | (11.58) | 2.32 | 3.63 | 3.15 | 2.83 | 3.47 | 3.50 |
| EBITDA margin | - | -59.3% | +2.6% | +2.9% | +2.4% | +2.0% | +3.1% | +3.5% |
| Depreciation | 1.02 | 1.37 | 1.20 | 1.32 | 1.09 | 1.20 | 1.10 | 1.33 |
| Interest | 1.26 | 2.04 | 0.76 | 1.87 | 1.43 | 1.97 | 1.49 | 1.57 |
| Profit before tax | (15.61) | (14.77) | 0.70 | 0.97 | 0.85 | 1.08 | 0.88 | 0.60 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 19.54 | 90.62 | 126 | 133 | 138 | 111 | 99.94 |
| Revenue growth (YoY) | -100.0% | -85.9% | -18.0% | +25.7% | -10.0% | - | - | - |
| Other income | 0.00 | 0.22 | 0.34 | 0.53 | 0.22 | 1.42 | 0.00 | 0.00 |
| Total expenses | 13.33 | 31.12 | 88.30 | 122 | 130 | 135 | 107 | 96.44 |
| EBITDA | (13.33) | (11.58) | 2.32 | 3.63 | 3.15 | 2.83 | 3.47 | 3.50 |
| EBITDA margin | - | -59.3% | +2.6% | +2.9% | +2.4% | +2.0% | +3.1% | +3.5% |
| Depreciation | 1.02 | 1.37 | 1.20 | 1.32 | 1.09 | 1.20 | 1.10 | 1.33 |
| Interest | 1.26 | 2.04 | 0.76 | 1.87 | 1.43 | 1.97 | 1.49 | 1.57 |
| Profit before tax | (15.61) | (14.77) | 0.70 | 0.97 | 0.85 | 1.08 | 0.88 | 0.60 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 369 | 496 | 614 | 482 | 494 | 324 | 383 |
| Revenue growth | -25.7% | -19.2% | +27.3% | -2.3% | +52.5% | -15.5% | - |
| Other income | 1.32 | 1.42 | 0.34 | 0.28 | 0.09 | 0.36 | 0.33 |
| Total expenses | 371 | 483 | 600 | 467 | 481 | 312 | 371 |
| Employee cost | 0.00 | 5.20 | 5.63 | 6.42 | 7.38 | 6.47 | 9.66 |
| EBITDA | (2.49) | 13.36 | 14.34 | 14.96 | 13.25 | 11.86 | 11.80 |
| EBITDA margin | -0.7% | +2.7% | +2.3% | +3.1% | +2.7% | +3.7% | +3.1% |
| Depreciation | 4.99 | 4.76 | 4.49 | 6.54 | 5.85 | 5.69 | 5.72 |
| Interest | 6.09 | 6.50 | 6.13 | 5.39 | 4.31 | 3.49 | 3.52 |
| Profit before tax | (12.25) | 3.52 | 4.06 | 3.31 | 3.18 | 3.04 | 2.89 |
| Tax | (0.73) | 0.95 | 0.48 | 0.73 | 0.32 | 0.73 | 0.15 |
| Net profit | (11.52) | 2.57 | 3.58 | 2.58 | 2.86 | 2.31 | 2.74 |
| Net profit margin | -3.1% | +0.5% | +0.6% | +0.5% | +0.6% | +0.7% | +0.7% |
| EPS (₹) | (7.06) | 1.57 | 2.19 | 1.58 | 1.75 | 1.42 | 1.67 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 | 16.33 |
| Reserves & surplus | - | 80.16 | 77.59 | 74.03 | 71.44 | 68.60 | 66.04 |
| Shareholders' funds (net worth) | - | 96.49 | 93.92 | 90.36 | 87.77 | 84.93 | 82.37 |
| Secured loans | - | 73.85 | 52.76 | 5.68 | 64.96 | 47.19 | 40.86 |
| Unsecured loans | - | 8.13 | 13.80 | 66.53 | 0.00 | 0.00 | 0.00 |
| Total debt | - | 81.98 | 66.56 | 72.21 | 64.96 | 47.19 | 40.86 |
| Total liabilities | - | 179 | 161 | 163 | 153 | 132 | 124 |
| Assets | |||||||
| Gross block | - | 114 | 106 | 105 | 98.70 | 93.85 | 84.96 |
| Net block | - | 41.35 | 38.12 | 41.87 | 41.69 | 42.69 | 38.44 |
| Capital work in progress | - | 5.03 | 6.91 | 6.67 | 8.83 | 9.52 | 13.06 |
| Investments | - | 0.08 | 0.08 | 0.54 | 0.54 | 0.54 | 0.47 |
| Inventories | - | 12.87 | 15.69 | 16.29 | 29.13 | 18.46 | 13.35 |
| Sundry debtors | - | 97.45 | 72.79 | 79.28 | 69.75 | 58.46 | 58.67 |
| Cash & bank balances | - | 0.25 | 0.49 | 0.53 | 0.07 | 0.02 | 0.34 |
| Loans & advances | - | 37.93 | 44.46 | 39.35 | 24.38 | 22.49 | 18.61 |
| Total current assets | - | 148 | 133 | 135 | 123 | 99.43 | 90.97 |
| Total current liabilities | - | 11.53 | 13.50 | 16.97 | 16.86 | 15.39 | 15.34 |
| Net working capital | - | 137 | 120 | 118 | 106 | 84.04 | 75.63 |
| Total assets | - | 179 | 161 | 163 | 153 | 132 | 124 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.49 | 0.53 | 0.07 | 0.02 | 0.34 | 0.14 |
| Net cash from operating activities | - | (2.96) | 12.43 | 3.02 | (9.36) | 3.05 | 2.19 |
| 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) | 1.94 | 13.53 | 3.02 | 8.84 |
| Net change in cash | - | (0.24) | (0.04) | 0.45 | 0.06 | (0.32) | 0.20 |
| Closing cash | - | 0.25 | 0.49 | 0.53 | 0.07 | 0.02 | 0.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | - | 0.78 | 0.75 | 0.77 | 0.65 | 0.53 | 0.43 |
| Long-term debt / equity | - | 0.09 | 0.14 | 0.16 | 0.14 | 0.10 | 0.07 |
| Interest cover | -81.42 | 75.58 | 62.23 | 64.01 | 58.24 | 56.56 | 57.89 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 4.51 | 5.81 | 4.73 | 5.13 | 3.62 | 4.72 |
| Inventory turnover | - | 34.75 | 38.40 | 21.24 | 20.75 | 20.36 | 29.43 |
| Debtors turnover | - | 5.83 | 8.08 | 6.47 | 7.70 | 5.53 | 7.07 |
| EPS (₹) | (7.06) | 1.57 | 2.19 | 1.58 | 1.75 | 1.42 | 1.67 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 59.09 | 57.52 | 55.33 | 53.75 | 52.01 | 50.44 |
Shareholding Pattern of Rathi Bars Limited
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%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 64.00% | 64.00% | 64.00% | 64.00% |
| Public | 36.00% | 36.00% | 36.00% | 36.00% |
Charges & Borrowings of Rathi Bars Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Apr 2025 | Axis Bank Limited | ₹60 Cr | Open |
| 22 Nov 2024 | Yes Bank Limited | ₹20 Cr | Open |
| 22 Jul 2024 | Others | ₹73.92 Lakh | Open |
| 18 Jul 2024 | Others | ₹73.92 Lakh | Open |
| 20 May 2024 | Hdfc Bank Limited | ₹63 Lakh | Open |
Total charge records: 22 View all charges
Employees and EPFO Compliance at Rathi Bars Limited
Rathi Bars Limited has a workforce of 74 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Rathi Bars Limited
Rathi Bars has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACR0737N1Z8 | Delhi | Active | 01 Jul 2017 |
| 08AAACR0737N1Z6 | Rajasthan | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Rathi Bars Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Rathi Bars Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Rathi Bars Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Rathi Bars Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Rathi Bars Limited
Frequently Asked Questions about Rathi Bars Limited
Rathi Bars is an active public limited company based in New, 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:
- Anurag Rathi - Managing Director
- Uddhav Rathi - Whole-Time Director
- Shikha Chakraborty - Director
- Sonali V Chitalkar - Director
- Hukum Singh - Director
- Rajendra Prasad - Director
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 listed on BSE with code 532918.
Rathi Bars was incorporated on 10 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.
Rathi Bars can be reached through the website rathisteels.com. Its registered office is in New, Delhi, India.
The registered office of Rathi Bars is at A – 24 7 Mohan Co – Operative Industrial Estate Mathura Road, New, Delhi, India – 110044.