Steelman Telecom Ltd.

Steelman Telecom Ltd.

BBSE:STML
69.00
INR
+1.00
(+1.47%)
599.15MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
89.6
91.69
103.83
155.7
227.1
238.67
238.03
- -
Basic EPS, GAAP
-0.22
1.42
2.78
0.96
-3.29
-1.47
-6.47
- -
Free Cash Flow per Basic Share
-3.42
2.12
-2.54
-53.47
-8.38
-39.78
11.19
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
10.18
11.88
15.82
36.26
37.46
36.07
29.6
29.6
Tangible Book Value per Share
9.18
11.88
15.82
36.26
37.45
36.07
29.6
29.6
Basic Weighted Avg Shares
10
10
10
9
10
10
10
10
Sales/Revenue/Turnover
867
887
1,005
1,349
2,198
2,309
2,303
- -
Operating Margin (%)
2.19
1.49
5.51
1.33
-3.95
-4.6
-2.24
- -
Depreciation Expense
9
7
7
40
160
156
194
- -
Net Income, GAAP
-2
14
27
8
-32
-14
-63
- -
Effective Tax Rate (%)
163.77
20.57
25.85
21.61
- -
- -
- -
- -
Profit Margin (%)
-0.25
1.55
2.67
0.61
-1.45
-0.62
-2.72
- -
Working Capital
66
118
163
83
20
23
-22
-22
LT Debt
1
18
18
186
102
375
289
289
Total Equity
98
115
153
351
374
352
226
226
Return on Invested Capital (%)
- -
4.36
10.43
3.56
- -
- -
- -
- -
Return on Capital (%)
- -
8.8
12.17
4.2
- -
- -
- -
- -
Return on Common Equity (%)
- -
12.9
20.04
3.29
-8.92
-4
-19.69
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
478
533
498
LT Borrowings
375
345
289
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
1,627
1,109
599

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
785
786
785
Cash, Cash Equivalents & STI
261
154
267
Accounts Receivable, Net
359
361
234
Inventories
3
2
2
Total Current Liabilities
762
837
807
Payables & Accruals
- -
- -
- -
ST Debt
478
533
498
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
25.47%
-35.72%
Free Cash Flow
- -
346.35%
-128.12%
Net Income, GAAP
- -
-34.63%
339.61%
Sales/Revenue/Turnover
- -
23.04%
-0.27%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,198
2025
- -
1,294
2,309
2026
- -
1,135
2,303

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-3.29
2025
- -
2.08
-1.47
2026
- -
-3.56
-6.47

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Girish Bindal
Full Time Employees
3,715
Sector
Communications
Industry
Specialty telecommunications
Address
Mani Casadona Kolkata WB India 700156
IPO Date
Oct 10, 2022
Business
Steelman Telecom Limited is an integrated telecommunications services company primarily operating in India, founded in 2003 and headquartered in Kolkata. The company provides a wide range of telecom network support services and solutions including network survey and planning; installation and commissioning of telecom network equipment such as RAN equipment, BTS, microwave, BSC, MSC along with switches and routers; network testing and optimization; radio frequency services involving RF and LOS surveys, drive test analysis, KPI maintenance, voice over LTE performance, dropped call and interference analysis; network solutions and managed services encompassing day-to-day network operations, upkeep, upgrades, manpower outsourcing, and payrolling. Additionally, Steelman Telecom offers engineering, procurement, and construction management (EPCM) services, big data and data science solutions, 5G network integration, cloud and 5G security solutions, and Internet of Things services, serving telecom operators, equipment manufacturers, broadband service providers, and tower owners. In recent major developments, Steelman Telecom converted from a private limited to a public limited company in 2022 accompanied by a corresponding name change; secured a significant ₹147 crore contract from Reliance Projects & Property Management Services; executed contracts with Reliance Jio for projects including installation of over 20,000 BTS and microwave sites and optimization of 12,000 4G and 5G sites; expanded its service portfolio with AI-driven managed services and automation to help customers reduce costs and enhance key performance indicators; and completed the acquisition of additional shares in its subsidiary EC Wheels India to strengthen operational capabilities. The company continues to focus on leveraging its project management expertise and technical workforce to capitalize on the growing telecom infrastructure demand across multiple telecom circles in India while enhancing operating margins and customer service efficiency.