Micro-Cap Industrial Stock Locked in 5% Upper Circuit on Monday After Company Announces FY26 Results; Net Profit Jumps to Rs 4.50 Crore

The Indian equity markets traded in the green on Monday, with the Nifty 50 index gaining 0.76 per cent to 24,179.30 at 10:30 AM. Amid the positive momentum in benchmark indices, stock-specific buying action remained strong in select micro-cap industrial counters. In this segment, Magnus Steel and Infra remained sharply in focus after the company announced strong FY26 financial performance along with a Rs 45 crore preferential fund raise. Following the development, Magnus Steel share price was locked in the 5 per cent Upper Circuit at Rs 151.40 on Monday.

Magnus Steel & Infra FY26 Financial Performance

Magnus Steel and Infra reported revenue from operations of Rs 22.58 crore in FY26 as against Rs 3.19 crore in FY25, registering a sharp growth of 607.8 per cent YoY. EBITDA stood at Rs 4.66 crore compared to Rs 0.19 crore in the previous financial year, reflecting a substantial operational improvement.

Net profit for FY26 stood at Rs 4.50 crore as against Rs 0.06 crore reported in FY25, marking a multifold rise on a year-on-year basis, driven by higher trading volumes, improved execution and better cost absorption.

Magnus Steel Q4FY26 Performance

For the quarter ended March 31, 2026, the company reported revenue of Rs 7.14 crore as against Rs 1.47 crore in the corresponding quarter last year, reflecting a growth of 385.7 per cent YoY.

Net profit stood at Rs 1.52 crore in Q4FY26 compared to Rs 0.22 crore reported in Q4FY25, registering a sharp jump of over 590 per cent YoY, indicating strong quarterly business momentum.

Company Approves Rs 45 Crore Preferential Issue

In line with its expansion strategy, the Board approved raising Rs 45 crore through a preferential issue of 4.5 crore equity shares of face value Rs 10 each at an issue price of Rs 10 per share to five non-promoter investors.

Out of the total proceeds, around Rs 33.75 crore will be utilised towards working capital requirements, while up to Rs 11.25 crore will be deployed for general corporate purposes. The company stated that the fund infusion is aimed at strengthening the balance sheet and supporting future scale-up.

Strategic Corporate Developments

The company has also received shareholder approval to shift its registered office from Nashik to Pune in order to improve operational efficiency and access wider business opportunities.

Further, Magnus Steel strengthened its leadership team with key appointments. Mr Chinmay Pradhan has been appointed as Managing Director, Mr Prakash Salve as Additional Executive Director and Mrs Krutika Shah as Additional Non-Executive Independent Director. All resolutions at the Extraordinary General Meeting held on February 10, 2026, were approved with a 99.99 per cent majority.

Management Commentary

Commenting on the performance, Mr Chinmay Pradhan, Managing Director, Magnus Steel & Infra Ltd, said, “We are encouraged by our strong FY26 performance, marked by sharp growth in revenue and profitability, reflecting disciplined execution and business momentum. The Rs. 45 crore preferential raise further strengthens our financial position and equips us with the capital needed to scale operations. With a clear focus on efficiency and expansion, we remain committed to delivering sustainable growth and long-term value for our stakeholders.”

About Magnus Steel & Infra

Magnus Steel and Infra Ltd is engaged in the trading of iron & steel and engineering products. Incorporated in 1978, the company has transformed from its earlier retail and infocom businesses into a diversified trading enterprise with a growing focus on industrial products and scalable growth opportunities.

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