Madhur Iron and Steel (India) Limited
Madhur Iron and Steel (India) Limited
INE0TO301014
Incorporation Date: 24-Feb-2012
Listing Status: DRHP Not Filed
About Madhur Iron and Steel (India) Limited
Overview of Madhur Iron and Steel (India) Limited
- Order-Based B2B Setup: Operates primarily on a B2B, order-driven model supplying re-rolled structural steel to institutional clients.
- Value-Added Processing: Converts raw rolled steel (angles, channels, MS sections, flats, and rods) into application-ready fabricated components based on specific client engineering designs.
- Sector Coverage: Serves railway electrification, power infrastructure, telecom tower manufacturing, automotive, offshore structures, and real estate.
- Financial Scale: Clocked an operational revenue of ₹445 crore in FY26 (up from ₹341 crore in FY25) with a Net Profit of ₹24 crore and EBITDA margins of 11.9%.
- Mr. Jayant Agrawal (Managing Director): Directs macro strategy, business development, and overall corporate management.
- Mr. Rajesh Modha (Whole-Time Director): Manages factory operations, production schedules, and project execution.
- Board & Governance: Supported by directors Roopa Garg, Prashant Samantrai, and Shikha Jain, with Ketan Kumar Gupta serving as Company Secretary.
| Category | Product / Service Offerings | Key Target Industry |
| Structural Steel | Mild Steel (MS) Angles, Channels, Flats, Sections, and Rods. | General engineering, real estate framing, and auto bodies. |
| Custom Fabrication | Cutting, shaping, and structural assembly of heavy steel frameworks. | Railway electrification, power sub-stations, and telecom towers. |
| Specialty Steel Products | Medium/high tensile structural steel and custom industrial metal parts. | Offshore platforms and heavy machinery manufacturing. |
Insights of Madhur Iron and Steel (India) Limited
Executive Summary
Madhur Iron and Steel (India) Limited is an established structural steel manufacturing and trading enterprise based in Bhilai, Chhattisgarh. Operating predominantly on a Business-to-Business (B2B) model, the company manufactures and markets a diverse portfolio of re-rolled structural steel products under the brand name "SARAL". Its product line includes angles, channels, mild steel (MS) sections, flats, and rods. These products serve critical infrastructure sectors, including railway electrification, power generation, telecom tower manufacturing, and real estate construction. Benefiting from its strategic proximity to raw material sources like the Bhilai Steel Plant, the company recently filed its Draft Red Herring Prospectus (DRHP) to raise capital via an Initial Public Offering (IPO) for capacity expansion and working capital needs.
Financial Snapshot
| Metric (in ₹ Cr.) | FY25 | FY26 | YoY Growth (%) |
| Net Revenue | 339.56 | 444.02 | +30.76% |
| Total Operating Cost | 301.85 | 391.89 | +29.83% |
| EBITDA | 37.71 | 52.12 | +38.21% |
| Other Income | 1.10 | 0.95 | -13.64% |
| Depreciation | 1.79 | 2.21 | +23.46% |
| Finance Costs | 12.22 | 18.47 | +51.15% |
| Profit Before Tax (PBT) | 24.80 | 32.39 | +30.60% |
| Profit After Tax (PAT) | 18.12 | 23.88 | +31.79% |
Strategic & Financial Insights
- Robust Top-Line Momentum: Net revenue surged by 30.76% to reach ₹444.02 Cr in FY26. This aggressive growth highlights strong market demand from institutional customers and fabricators across India's booming infrastructure and energy sectors.
- Margin Expansion & Operational Efficiency: The company's EBITDA grew by an impressive 38.21% YoY, noticeably outpacing its revenue growth. This points to excellent operating leverage and effective control over input costs (operating costs grew at a slightly slower pace of 29.83%).
- Surging Finance Costs: Finance costs jumped significantly by 51.15% to hit ₹18.47 Cr in FY26. This indicates an increased reliance on working capital limits or term borrowings to fund its rapid scaling operations. However, the strong operating profits easily absorbed these higher interest expenses.
- Strong Bottom-Line Growth: Profit After Tax (PAT) expanded by a very healthy 31.79%, rising from ₹18.12 Cr to ₹23.88 Cr in FY26. This cements the company's solid financial foundation as it prepares to transition into a publicly listed entity.
Financial Charts of Madhur Iron and Steel (India) Limited
Balance Sheet of Madhur Iron and Steel (India) Limited
Profit and Loss of Madhur Iron and Steel (India) Limited
Ancillary of Madhur Iron and Steel (India) Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Madhur Iron and Steel (India) Limited
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How to buy Madhur Iron and Steel (India) Limited?
Below are three ways through which you can purchase Madhur Iron and Steel (India) Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Madhur Iron and Steel (India) Limited, please click on the trade button at the top of this page
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How to sell Madhur Iron and Steel (India) Limited?
Below are three ways through which you can sell Madhur Iron and Steel (India) Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Madhur Iron and Steel (India) Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Madhur Iron and Steel (India) Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Madhur Iron and Steel (India) Limited is ₹N/A and your sell price for Madhur Iron and Steel (India) Limited is ₹N/A. The price is based on our estimates and market conditions.
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What is the lock-in period of Madhur Iron and Steel (India) Limited?
The lock-in period for Madhur Iron and Steel (India) Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Madhur Iron and Steel (India) Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Madhur Iron and Steel (India) Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Madhur Iron and Steel (India) Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Madhur Iron and Steel (India) Limited. The price is also determined from the most recent funding round for Madhur Iron and Steel (India) Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Madhur Iron and Steel (India) Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Madhur Iron and Steel (India) Limited with us kindly click here.
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What are the financials of Madhur Iron and Steel (India) Limited?
The financials of Madhur Iron and Steel (India) Limited which includes the P/L of Madhur Iron and Steel (India) Limited and the Balance Sheet of Madhur Iron and Steel (India) Limited is in the financials section (Click on link).
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Where can I find the annual report of Madhur Iron and Steel (India) Limited?
The annual report of Madhur Iron and Steel (India) Limited is available in the annual report section (Click on link).
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Is buying Madhur Iron and Steel (India) Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Madhur Iron and Steel (India) Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Madhur Iron and Steel (India) Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Madhur Iron and Steel (India) Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Madhur Iron and Steel (India) Limited?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Madhur Iron and Steel (India) Limited from its platform?
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