Multibagger penny stock below Rs 30: Rathi Steel and Power Ltd’s Q2FY26 revenue grows by 28.39%
DSIJ Intelligence-1 / 17 Nov 2025/ Categories: Penny Stocks, Trending
The stock is up by 27 per cent from its 52-week low and has given multibagger returns of over 1,200 per cent in 5 years.
Rathi Steel and Power Limited (RSPL), established in 1971 and headquartered in Ghaziabad, Uttar Pradesh, is a leading manufacturer carrying forward the Rathi legacy in stainless and mild steel products, operating a modern 12.5-acre integrated facility in the NCR with capacities of 85,000 tonnes per annum for steel melting and 2,00,000 tonnes per annum for rolling. The company, which is India's sole stainless-steel wire rod manufacturer utilizing direct billet charging for enhanced energy efficiency, offers a diverse portfolio including TMT bars and wire rods, maintaining a strong retail footprint across northern states and a robust, low-debt financial position bolstered by cost efficiency, technology upgrades, and renewable energy integration, with a current strategic focus on expanding its high-quality 550D TMT bar segment.
The company has also received a key approval to resume commercial operations at its Ghaziabad Steel Melting Shop as of November 12, 2025, following a Resumption Order from the Commission of Air Quality Management. This operational restart is complemented by the company securing BIS certification (license CM/L/8700195219) for its high-demand Fe 500 Reinforcement Bars (nominal sizes 8 mm to 25 mm) until May 8, 2026, which allows them to use the BIS Standard Mark and is expected to optimize existing capacity and meet market needs.
According to Quarterly Results, the company reports revenue of Rs 156.23 crore (increasing 28.39 per cent YoY) and PAT of Rs 1.63 crore in Q2FY26. Looking at its half-yearly results, the company reports revenue of Rs 311.59 crore (increasing 29.20 per cent YoY) and PAT of Rs 3.52 crore in H1FY26. 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 a net profit of Rs 24 crore in FY24.
The company has a market cap of over Rs 230 crore and has delivered good profit growth of 19 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 27 per cent from its 52-week low and has given multibagger returns of over 1,200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.