1:5 Stock Split: This Small-Cap Steel Pipes Manufacturer Reports FY26 Results; PAT Rises 19%, Board Approves Share Split

On Monday, Indian equity benchmarks ended lower, with the benchmark Nifty 50 index declining 0.70 per cent to close at 23,382.60. Steel and metal stocks remained in focus following earnings announcements and corporate action updates. In this segment, P S Raj Steels share price ended at Rs 392.00 on June 1, 2026, down 3.92 per cent from the previous close, after the company reported its FY26 results and announced a Stock Split proposal.

Board Approves 1:5 Stock Split

The Board of Directors approved and recommended a 1:5 stock split, subject to shareholder approval. Under the proposal, one equity share with a face value of Rs 10 each will be subdivided into five equity shares of face value Rs 2 each.

The company stated that the objective of the stock split is to enhance liquidity in the company's equity shares and encourage wider participation from retail investors by making the shares more affordable.

Following the split, the company's paid-up equity share capital will remain unchanged at Rs 7.54 crore, while the number of outstanding shares will increase from 75.38 lakh shares to 3.77 crore shares.
 

P S Raj Steels FY26 Results

P S Raj Steels reported revenue from operations of Rs 265.99 crore for FY26, compared with Rs 236.89 crore in FY25, registering a growth of 12.3 per cent year-on-year. Total income increased to Rs 266.48 crore from Rs 236.95 crore in the previous financial year.

Profit before Tax stood at Rs 11.29 crore in FY26 as against Rs 9.96 crore reported in FY25, reflecting a growth of 13.4 per cent. Profit after tax increased to Rs 8.81 crore from Rs 7.40 crore, registering a growth of 19.1 per cent YoY. Earnings per share (EPS) for FY26 stood at Rs 11.38, compared with Rs 9.83 in FY25.

P S Raj Steels H2 FY26 Performance
 

For the half-year ended March 31, 2026, revenue from operations stood at Rs 137.15 crore, compared with Rs 126.65 crore in the corresponding period last year. Total income came in at Rs 138.81 crore against Rs 126.91 crore in H2 FY25.
 

Profit before tax increased to Rs 5.95 crore from Rs 4.79 crore, while profit after tax rose to Rs 4.36 crore from Rs 3.54 crore reported in the corresponding period last year.

Other Board Approvals

The Board approved the reappointment of M/s Anil Yash & Associates as Internal Auditor for FY27 and appointed M/s E B & Associates as Cost Auditor for FY27.

The company also approved alterations to its Memorandum of Association to reflect the revised
share capital structure following the proposed stock split.

P S Raj Steels reported growth in revenue and profitability during FY26, while the proposed 1:5 stock split is aimed at improving liquidity and enhancing retail investor participation.

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