Rathi Bars
BSE: RATHIBAR · Iron & Steel Products
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Snapshot
Unlock Rathi Bars's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Rathi Bars Limited is an Indian manufacturer specialising in reinforcement steel bars, including TMT bars, CTD bars, and wire rods. The company primarily serves the construction and infrastructure sectors, leveraging its manufacturing facility in Khushkhera, Rajasthan.
Business Model
The company generates revenue through the production and sale of high-strength structural steel products tailored for the construction industry. It operates within the secondary steel sector, focusing on regional distribution across Northern India and the NCR market.
Management Commentary
Management emphasises the company's long-standing heritage within the Rathi group and its commitment to quality through advanced cooling technologies in its rolling mills. The focus remains on providing durable, earthquake-resistant steel solutions for both individual home builders and large-scale infrastructure projects.
Growth Outlook
Growth is driven by the sustained demand for high-quality reinforcement steel in India's expanding infrastructure and residential construction sectors. The company aims to leverage its regional dominance in Northern India to maintain its market position.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of iron ore and scrap metal can significantly impact the company's operating margins.
- Cyclicality of Construction Sector. The company's performance is highly dependent on the health of the real estate and infrastructure industries, which are sensitive to economic cycles.
- Intense Market Competition. The secondary steel market is highly fragmented, leading to significant pricing pressure from both large integrated players and smaller regional manufacturers.
- Geographic Concentration. Reliance on the Northern India and NCR markets exposes the company to regional economic downturns or localized regulatory changes.
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Key Metrics
REVENUE
₹369 Cr
TTM · standalone
NET PROFIT
₹17 Cr
TTM · standalone
EPS
₹10.58
TTM · standalone
RETURN ON EQUITY
18.5%
TTM · standalone
P/E
1.9x
Q4 FY26 · standalone
EV/EBITDA
4.3x
Q4 FY26 · standalone
EBITDA MARGIN
7.7%
TTM · standalone
NET PROFIT MARGIN
75.6%
Q4 FY26 · standalone
DEBT TO EQUITY
1.0x
Q4 FY26 · standalone
Peers · Iron & Steel Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Rathi BarsRATHIBAR | ₹26 Cr | 1.52 | 3.95 | -39.2% | 7.7% | 18.5% | 22.3% | -46.8% |
Panchmahal SteelPANCHMAHQ | ₹580 Cr | 99.72 | 31.76 | — | 5.0% | 3.9% | 7.2% | +13.9% |
Modern MalleableMODMA | ₹569 Cr | 29.40 | 21.16 | 189.2% | 18.2% | 11.8% | 15.1% | — |
Azad India Mobility LimitedAZADIND | ₹509 Cr | — | — | — | 3.3% | -1.4% | -1.3% | -30.1% |
SurajSURAJLTD | ₹385 Cr | 46.44 | 19.13 | -15.2% | 12.0% | 6.1% | 12.6% | -32.1% |
Shah MetacorpSHAH | ₹369 Cr | 26.71 | 25.43 | 48.8% | 10.1% | 5.6% | 5.4% | +12.3% |
As of Q4 FY26
Financials
Rathi Bars
BSE: RATHIBAR · Iron & Steel Products
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Rathi Bars's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Rathi Bars Limited is an Indian manufacturer specialising in reinforcement steel bars, including TMT bars, CTD bars, and wire rods. The company primarily serves the construction and infrastructure sectors, leveraging its manufacturing facility in Khushkhera, Rajasthan.
Business Model
The company generates revenue through the production and sale of high-strength structural steel products tailored for the construction industry. It operates within the secondary steel sector, focusing on regional distribution across Northern India and the NCR market.
Management Commentary
Management emphasises the company's long-standing heritage within the Rathi group and its commitment to quality through advanced cooling technologies in its rolling mills. The focus remains on providing durable, earthquake-resistant steel solutions for both individual home builders and large-scale infrastructure projects.
Growth Outlook
Growth is driven by the sustained demand for high-quality reinforcement steel in India's expanding infrastructure and residential construction sectors. The company aims to leverage its regional dominance in Northern India to maintain its market position.
Key Risks
- Raw Material Price Volatility. Fluctuations in the cost of iron ore and scrap metal can significantly impact the company's operating margins.
- Cyclicality of Construction Sector. The company's performance is highly dependent on the health of the real estate and infrastructure industries, which are sensitive to economic cycles.
- Intense Market Competition. The secondary steel market is highly fragmented, leading to significant pricing pressure from both large integrated players and smaller regional manufacturers.
- Geographic Concentration. Reliance on the Northern India and NCR markets exposes the company to regional economic downturns or localized regulatory changes.
Start your research today
Unlock AI insights, financials, peers and live data on Rathi Bars and 5,000+ companies — free.
Key Metrics
REVENUE
₹369 Cr
TTM · standalone
NET PROFIT
₹17 Cr
TTM · standalone
EPS
₹10.58
TTM · standalone
RETURN ON EQUITY
18.5%
TTM · standalone
P/E
1.9x
Q4 FY26 · standalone
EV/EBITDA
4.3x
Q4 FY26 · standalone
EBITDA MARGIN
7.7%
TTM · standalone
NET PROFIT MARGIN
75.6%
Q4 FY26 · standalone
DEBT TO EQUITY
1.0x
Q4 FY26 · standalone
Peers · Iron & Steel Products
As of Q4 FY26