Penny stock below Rs 15 posts 296% YoY growth in Q1FY26 net profit & receives order worth Rs 210 crore from RINL

DSIJ Intelligence-1 / 05 Aug 2025/ Categories: Penny Stocks, Trending

Penny stock below Rs 15 posts 296% YoY growth in Q1FY26 net profit & receives order worth Rs 210 crore from RINL

The stock is up by 53 per cent from its 52-week low of Rs 7.16 per share.

Steel Exchange India Limited (SEIL), established in 1999 and a member of the Vizag Profiles Group, has evolved from a steel trading and online platform into a prominent integrated steel manufacturer in Andhra Pradesh and Telangana. Operating an Integrated Steel Plant & Power Unit near Visakhapatnam in Vizianagaram District, SEIL is fully equipped with facilities for sponge iron, billet, rolling mills, and power generation, ensuring comprehensive backwards and forward integration for long steel production.

The company manufactures TMT rebars under the brand 'SIMHADRI TMT' and is recognised for its quality and reliability, with a notable supply history to the Armed Forces and critical infrastructure projects. In alignment with the 'Atmanirbhar Bharat' initiative, SEIL is strategically expanding into specialty steels under the PLI scheme, aiming to foster import substitution and enhance its range of value-added products.

In its Q1FY26 Quarterly Results, the company demonstrated significant growth, with total income increasing by 15 per cent to Rs 304.95 crore, EBITDA rising by 33 per cent to Rs 36.35 crore, and net profit soaring by 296 per cent to Rs 10.23 crore, all compared to Q1FY25. For the full fiscal year FY25, the company reported a total income of Rs 1,163.37 crore, an EBITDA of Rs 143.60 crore, and a net profit of Rs 25.93 crore.

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Recent business highlights include the approval of SIMHADRI TMT rebars for two major Andhra Pradesh port projects. Furthermore, the company incorporated a wholly-owned subsidiary, SEIL Infra Logistics Ltd, on June 29, 2025, and secured a contract valued up to Rs 210 crore from RINL for the conversion of 1.2 LTPA billets into Vizag Steel TMT rebars.

The company has a market cap of over Rs 1,200 crore and currently, this Small-Cap stock is trading below Rs 15 per share. The stock is up by 53 per cent from its 52-week low of Rs 7.16 per share.

Disclaimer: The article is for informational purposes only and not investment advice.