Multibagger penny stock below Rs 30: Rathi Steel and Power Ltd permitted to resume Ghaziabad steel-melting shop!
DSIJ Intelligence-1 / 14 Nov 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock is up by 25 per cent from its 52-week low and has given multibagger returns of over 1,100 per cent in 5 years.
Incorporated in 1971, Rathi Steel and Power Limited manufactures and supplies steel and steel-related products. The company specialises in stainless steel products like Wire Rods, flats, etc, which are primarily used in infrastructure, engineering, and household applications. Rathi operates a plant in Ghaziabad, UP, with an installed capacity of 2,00,000 tons per annum or rolling capacity. The Company also operates a steel melting shop with an installed capacity of over 90,000 tons per annum to manufacture stainless steel billets.
The company has also received BIS certification (license CM/L/8700195219) for its Fe 500 Reinforcement Bars, covering nominal sizes from 8 mm to 25 mm, which allows them to use the BIS Standard Mark on these TMT bars. This approval, valid until May 8, 2026, enables the company to produce a high-demand product line, optimise existing capacity, and meet market needs. This positive development follows the recommencement of operations at their Ghaziabad Steel Melting Shop, which manufactures steel billets.
Rathi Steel and Power Limited (RSPL) received a Resumption Order dated November 12, 2025, from the Commission of Air Quality Management in the National Capital Region and Adjoining Areas. This order permits RSPL to resume commercial operations of its Steel Melting Shop located in Ghaziabad, U.P., which was previously disclosed on October 29, 2025. The resumption of operations is subject to the Company complying with specified conditions within a stipulated timeframe, as informed pursuant to Regulation 30 of the SEBI Listing Regulations.
According to Quarterly Results, the company reports revenue of Rs 155.29 crore and PAT of Rs 1.89 crore in Q1FY26. In its annual results, the net sales increased by 2 per cent to Rs 503 crore in FY25 compared to FY24. The company reported a net profit of Rs 14 crore in FY25 compared to net profit of Rs 24 crore in FY24.
The company has a market cap of over Rs 220 crore and has delivered good profit growth of 18.7 per cent CAGR over last 5 years. As of September 2025, Canara Bank-Mumbai holds a 1.26 per cent stake in the company. The stock is up by 25 per cent from its 52-week low and has given multibagger returns of over 1,100 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.