Kanishk Steel Industries Limited
KANSHST.BO
Bombay Stock Exchange55.98
INR
+0.98
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Kanishk Steel Industries Limited
KANSHST.BO
(Bombay Stock Exchange)
Recent
price
55.98
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Kanishk Steel Industries Limited manufactures and supplies iron and steel products under the KANISHK STEELS brand in India. The company produces thermo mechanically treated (TMT) steel bars conforming to Bureau of Indian Standards BIS 1786 for use in commercial and residential high-rise buildings, bridges, dams, power plants, and other concrete structures; structural steel products including joists, I and H beams, channels, angles, squares, rounds, flats, CTD bars, wire rods, and profiles conforming to IS 2062 (equivalent to ASTM, BS, DIN) for mining, tunnel construction, factory structures, transmission towers, bridges, ships, railways, and infrastructure projects; and sponge iron as a key constituent in steel manufacturing. It serves major project customers such as Jindal South West, Madras Cements, Suzlon Energy, and SEZ developers including SEP Sons and Coromandel Engineering, with operations focused on the Indian market from facilities in Tamil Nadu. Incorporated in 1989 as a private limited company and converted to public limited status in 1992, Kanishk Steel Industries Limited maintains headquarters at Old No. 4, New No. 7, Chennai, Tamil Nadu. The company, promoted by the O.P. Gupta family and part of the OPG Enterprises Group, employs around 126 people and lists on the Bombay Stock Exchange under ticker 513456 (KANSHST.BO). It holds ISO 9001:2000 certification and reported turnover of Rs. 25,197.48 lakhs as of March 31, 2017, with recent fiscal year 2025 operating profit of Rs. 8 crore. In recent developments, the company underwent a significant corporate restructuring in 2013, transferring its Power Division to Gita Renewable Energy Limited and Sponge Iron Division to Chennai Ferrous Industries Limited. As of June 2025, ICRA downgraded its ratings to [ICRA]BB+ (Stable)/[ICRA]A4+ from [ICRA]BBB-/[ICRA]A3 due to weaker FY2025 performance from delayed backward-integrated solar power project commissioning and steel price corrections, though outlook improved to Stable amid promoter experience, capacity expansions in billet/rolling mills, term loan prepayments via wind power asset monetization, and expected FY2026 cash flow improvements. A board meeting is scheduled for November 12, 2025, to consider key matters, signaling ongoing strategic activities.