1. India Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Rathi Bars Limited

Rathi Bars Limited

BBSE:RATHIBAR
15.62
INR
+0.62
(+4.13%)
-17.10EPS
348.82MMarket Cap
Rathi Bars Limited
BSE:RATHIBAR
(Bombay Stock Exchange)

Recent

price

15.62

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
117.3
172.64
172.2
166.13
142.87
127.61
111.45
143.87
235.56
229.79
194.25
295.87
287.91
369.73
299.43
217.32
135.68
Revenue per Share
2.95
1.81
1.31
1.49
0.14
0.91
0.59
0.86
1.15
1.67
1.42
1.75
1.58
2.19
1.57
-7.06
-17.1
Basic EPS, GAAP
0.42
- -
1.51
5.81
1.79
6.55
-6.09
2.31
-9.37
-5.38
-2.06
-8.29
-0.94
7.03
-5.55
0.81
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
40.55
- -
43.67
45.17
45.28
46.19
46.79
47.64
48.89
50.44
52.01
53.75
55.33
57.52
59.09
52.03
- -
Book Value per Share
40.55
- -
43.67
45.17
45.28
46.19
46.79
47.64
48.89
50.44
52.01
53.75
55.33
57.52
59.09
52.03
- -
Tangible Book Value per Share
16
16
16
16
17
16
16
16
16
16
16
16
16
16
16
16
16
Basic Weighted Avg Shares
1,917
2,824
2,812
2,716
2,365
2,093
1,833
2,341
3,838
3,752
3,161
4,825
4,708
6,024
4,893
3,549
2,220
Sales/Revenue/Turnover
3.65
2.09
2.24
2.86
1.71
1.2
1.45
1.51
1.03
1.62
1.95
1.53
1.79
1.64
1.76
-1.84
-10.32
Operating Margin (%)
22
20
22
26
60
47
41
40
45
57
57
59
65
45
48
50
49
Depreciation Expense
48
30
21
24
2
15
10
14
19
27
23
29
26
36
26
-115
-280
Net Income, GAAP
- -
4.44
33.37
26.19
76.47
- -
38.34
35.17
31.43
5.31
23.85
10.11
22.06
11.84
27.03
- -
- -
Effective Tax Rate (%)
2.51
1.05
0.76
0.9
0.1
0.71
0.53
0.6
0.49
0.73
0.73
0.59
0.55
0.59
0.52
-3.25
-12.6
Profit Margin (%)
448
- -
500
483
490
487
463
460
432
401
478
548
617
633
623
524
- -
Working Capital
247
- -
90
62
40
18
14
12
57
54
110
132
155
99
74
40
- -
LT Debt
662
- -
713
738
739
754
764
778
798
824
849
878
904
939
965
850
- -
Total Equity
- -
- -
- -
2.28
0.22
- -
1.72
2.53
2.71
4.96
3.68
4.67
4.16
5.38
3.7
- -
- -
Return on Invested Capital (%)
- -
- -
- -
5.25
1.04
- -
2.15
2.75
2.91
5.14
3.88
4.57
4.24
5.35
4.15
- -
- -
Return on Capital (%)
7.55
- -
- -
3.36
0.31
2
1.28
1.81
2.38
3.35
2.76
3.3
2.9
3.87
2.69
-12.7
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
818
- -
LT Borrowings
- -
40
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16
16
16
Market Capitalization
408
329
349

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,130
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
871
- -
Inventories
- -
22
- -
Total Current Liabilities
- -
1,607
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
818
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.3%
0.21%
-11.94%
Free Cash Flow
-186.44%
-184.73%
-114.54%
Net Income, GAAP
-45.18%
-105.02%
-549.12%
Sales/Revenue/Turnover
9.32%
6.38%
-27.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,475
999
1,105
1,312
4,893
2026
1,328
1,256
906
58
3,549
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.59
0.37
0.54
0.07
1.57
2026
0.52
0.59
0.43
-8.6
-7.06
2027
-9.56
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Rathi Bars Limited is an Indian manufacturer specializing in steel long products, primarily producing TMT (thermo-mechanically treated) steel bars and iron rods. The company offers a range of core products including high-strength TMT steel bars, stainless steel wire rods, and MS (mild steel) rebars. It operates mainly in the secondary steel sector in India, serving construction and infrastructure markets. Founded in 1993 and headquartered in New Delhi, Rathi Bars Limited has manufacturing facilities in Rajasthan and engages in extensive domestic distribution. The company is known for its steel reinforcement products widely used in construction, including branded TMT bars and stainless steel rebars designed using advanced Thermex technology, which enhances strength and corrosion resistance. Its product portfolio targets builders, contractors, and industrial clients across India. Recent major changes include steady growth with quarterly fluctuations in sales and profits, reflecting market conditions in the steel industry. Notably, the company has maintained a focus on product innovation and quality, aligning with technological advances like the introduction of stainless steel rebars to address durability issues of conventional steel bars. Rathi Bars continues to pursue expansion in production capacity and operational efficiency, while strengthening its market position through steady product offerings and selective strategic initiatives within the last one to two years. The company’s promoter group has sustained a majority holding, supporting continued investment in the business. No major acquisitions or partnerships have been publicly reported recently, but consistent operational improvements and financial management remain priorities. Rathi Bars Limited caters predominantly to the Indian market with operations centered in North India, supported by manufacturing units and distribution networks. It serves construction industries requiring reliable steel reinforcement and related steel products. The company is part of the larger Rathi Group, which has diversified interests in steel and allied sectors. Its key focus remains manufacturing, sales, and distribution of TMT bars, wire rods, and rebars designed to meet evolving industry standards and customer demands.