Penny Stock Under Rs 20: This Stainless Steel Manufacturing Company Reports 63.5% Q4 Revenue Growth; Stock Price Jumps Over 4%

On Thursday, Indian markets opened on a negative note, with the Nifty 50 declining 1.39 per cent to trade at 22,372 amid a broader market sell-off. Despite the weak sentiment, Rathi Steel & Power share price has jumped by 4.39 per cent to Rs 15.45 at 1:11 PM.

The stock came into focus after the company, in its filing, reported a 63.5 per cent YoY growth in Q4 revenue, with FY26 revenue rising by 41.8 per cent.

Rathi Steel reports 63.5 per cent YoY Q4 revenue growth; FY26 revenue rises 41.8 per cent

Rathi Steel and Power reported a 63.5 per cent year-on-year increase in revenue for Q4 FY26, with revenue at approximately Rs 244.8 crore. For the full financial year ended March 31, 2026, revenue stood at around Rs 716.7 crore, compared to Rs 505.43 crore in FY25, resulting in a 41.8 per cent YoY growth. The company noted that the performance was supported by operational resilience despite geopolitical challenges impacting fuel costs, global trade, and broader macroeconomic conditions.

The company also highlighted its positioning in the stainless steel wire rod segment, supported by direct charging capabilities that help reduce fuel consumption. However, rising fuel costs, particularly impacting the TMT segment, remain a key factor, with mitigation measures underway. A diversified product portfolio and improved operational flexibility contributed to higher capacity utilisation in the rolling division, supporting better throughput and scalability.

Rathi Steel Management Commentary

Commenting on the Performance, Mr Udit Rathi, Promoter of Rathi Steel And Power Limited said, “This has been a strong finish to the year driven by the collective efforts of our team and continued focus on quality and operational excellence. As we move ahead, we remain optimistic about the strong fundamentals of the Indian economy, with a strong leadership and foundation in place. Undoubtedly, the present geopolitical situation does pose uncertainties and challenges. We remain watchful and cautious of the same. Company’s platform is well set for the next phase of growth, with continued focus on efficiency, quality, and scalable execution.” 

About Rathi Steel & Power 

Rathi Steel & Power Ltd is engaged in the manufacturing of stainless steel long products and TMT bars. The company operates across key segments including stainless steel wire rods, where it has direct charging capabilities that help improve energy efficiency by reducing fuel consumption. With a diversified product portfolio, it caters to a wide range of industrial and Construction applications. The company focuses on operational efficiency, capacity utilisation, and scalable production to support growth across its business segments.

The company has a market capitalisation of Rs 131 crore. The stock has declined by 54.13 per cent over the past year and 76.69 per cent over two years. It has traded within a 52-week range of Rs 13.80 to Rs 32.51.

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