Basic Materials
The Ramco Cements Limited (ramcocem) FY26 Results: Revenue Up 6%, Profit Surges 61%
The Ramco Cements Limited (RAMCOCEM) reports a 6% revenue increase and a 61% profit surge for FY26, driven by cost management and strategic growth.
The Ramco Cements Limited (RAMCOCEM) has announced its standalone audited results for FY26, showcasing a robust financial performance. The company reported a net revenue of Rs.9,056 crores, marking a 6% increase from Rs.8,539 crores in FY25. This growth was primarily driven by a 4% year-on-year improvement in prices. The cement revenue grew by 5% while the revenue from construction chemicals surged by 66%.
Cost Management and Operational Efficiency
Despite a 7% rise in the cost of raw materials per ton, the company managed to maintain its operational efficiency. The cost of raw materials increased from Rs. 956/- in FY25 to Rs. 1,023/- in FY26, mainly due to the levy of mineral bearing land tax (MBLT) of Rs.160 per ton of limestone in Tamil Nadu. However, the company has represented to the TN Government to reduce the levy, which is pending.
Financial Performance
The EBITDA for FY26 is Rs.1,482 crores, showing a 16% growth from Rs.1,276 crores in FY25. The profit before tax after exceptional items for FY26 is Rs. 879 crores, up from Rs.466 crores in FY25. The profit after tax for FY26 is Rs.694 Crores, a significant 61% increase from Rs.417 Crores in FY25. The company’s net debt decreased by Rs.817 Crores during FY26, bringing it to Rs. 3,664 Crores as of March 31, 2026.
Outlook for FY27
Looking ahead to FY27, the company expects the full impact of higher fuel costs to reflect from Q2 onwards. Cement prices have already improved by Rs.15 per bag in the trade segment and Rs.25 per bag in the non-trade segment over the March 2026 exit price. However, prices remain under pressure due to competitive intensity. The company anticipates cement demand to grow 6-7%, driven by the Union budget’s Rs.12.2 lakh crores capex outlay and strong rural incomes.
The Ramco Cements Limited has proposed a dividend of Rs.2.50/- per equity share of face value of Re.1/- each for FY26. Despite cost increases in pet coke, gypsum, polymer, and diesel, the company remains optimistic about its financial outlook for the upcoming year.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of The Ramco Cements Limited
The Ramco Cements Limited belongs to the Basic Materials › Building Materials sector. Here’s a quick read on where the business and the stock stand today.
The drops 17.9% over three months and trades near its 52-week lows. Thin margins at 6.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock sits at 15% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 12.5% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of The Ramco Cements Limited.
Basic Materials
Steel Exchange India Limited (steelxind) Achieves Highest-ever Re-bar Production in Q3 FY26
Steel Exchange India Limited (STEELXIND) achieves highest-ever re-bar production in Q3 FY26, surpassing previous records with 69,617.424 MT.
Steel Exchange India Limited (NSE: STEELXIND) has achieved its highest-ever monthly and quarterly production of Re-Bars in its Rolling Mill since inception, with production of 25,095.035 Metric Tonnes (MT) during the month of September 2026 and 69,617.424 MT during the quarter ended September 30, 2026. This milestone follows the successful commissioning and operationalisation of the Reheating Furnace (RHF), which has strengthened the Company’s production capabilities and supported higher Rolling Mill utilisation.
Record Monthly Production
The monthly production of 25,095.035 MT in September 2026 surpassed the previous highest monthly production of 24,823.509 MT recorded in August 2026. The total September production comprised 17,677.655 MT from the Continuous Casting Machine (CCM) and 7,417.380 MT from the newly operationalised Reheating Furnace (RHF).
RHF Strengthens Production Capabilities
The successful commissioning and operationalisation of the Reheating Furnace marks an important milestone in strengthening the Company’s Rolling Mill operations. The RHF contributed 7,465.288 MT and 7,417.380 MT of Re-Bar production during August and September 2026, respectively, aggregating to 14,882.668 MT over the two-month period.
The record monthly and quarterly production underscores Steel Exchange India’s continued focus on capacity expansion, operational efficiency and strengthening its manufacturing platform for its well-recognised SIMHADRI TMT brand. Commenting on the operational performance, the management of Steel Exchange India Limited said: “Achieving our highest-ever monthly and quarterly Re-Bar production is a significant operational milestone for Steel Exchange India limited. The successful commissioning and operationalisation of the Reheating Furnace have increased our monthly and quarterly production capabilities and contributed meaningfully to the record output achieved during the month of September and quarter ended September 2026. With the RHF now operational, we expect this enhanced production capability to be sustained going forward. We remain focused on improving capacity utilisation, operational efficiency and production volumes while meeting the growing demand for our products.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of STEEL EXCHANGE INDIA LIMITED
STEEL EXCHANGE INDIA LIMITED belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
STEEL falls 12.3% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue contracts at -8.7% CAGR. That signals structural headwinds, not a short-term blip. The stock holds at 59% of its 52-week range with RSI at 47. In other words, neither side has a clear edge right now. The stock holds up despite -8.7% revenue growth and a PEG of 99.00. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of STEEL EXCHANGE INDIA LIMITED.
Basic Materials
Jindal Stainless Limited Renews Lubricants Partnership with Indian Oil for Five Years
Jindal Stainless Limited renews its lubricants partnership with Indian Oil for five years, marking a new chapter in their enduring collaboration.
Jindal Stainless Limited, India’s leading stainless steel manufacturer, has renewed its Lubricants Vendor Managed Inventory (VMI) partnership with Indian Oil Corporation Limited (IOCL) for another five years. This renewal signifies a new chapter in their long-standing association, reinforcing their commitment to quality, reliability, and technical excellence. The formal agreement signing ceremony was held at Jindal Stainless’ Hisar unit, attended by Executive Director, Northern Region & State Head, DSO, Indian Oil, Mr Hemant Rathore, and Unit Head – Hisar, Jindal Stainless, Mr Vijay Bindlish.
Reinforcing a Long-Standing Collaboration
Commenting on the renewal, Managing Director, Jindal Stainless, Mr Abhyuday Jindal, emphasized the value of sustained collaboration between the two organizations. He stated, “Our long-standing association with Indian Oil reflects the value of sustained collaboration between two organizations with a shared focus on quality, reliability, and technical excellence. The renewal of this arrangement for another five years reinforces this relationship and provides an opportunity to deepen our engagement further. We look forward to continuing our collaboration with Indian Oil and exploring new avenues of technical cooperation as industry needs evolve.”
Broader Engagement Across Lubricants and Energy Supplies
Reflecting on the partnership, Executive Director, Northern Region & State Head, DSO, Indian Oil, Mr Hemant Rathore, highlighted the breadth and depth of the association between the two organizations. He said, “Indian Oil Corporation Limited and Jindal Stainless Limited share a long-standing and valued relationship, encompassing a wide range of lubricant and fuel requirements. The renewal of the Consumer’s Operated Lube Depot’s (COLD) agreement for another five years marks an important milestone in this enduring partnership. In addition to lubricants, Indian Oil also caters to Jindal Stainless’ energy requirements through supplies of LDO, HSD, LSHS, and Propane, further reflecting the breadth and depth of the association between the two organizations. We believe that such collaboration, built on mutual trust, reliability, and shared objectives, steers a true win-win proposition for both organizations. We look forward to further strengthening our association with Jindal Stainless and supporting its growth through dependable energy and high-end SERVO® lubricants for all its challenging applications.”
The renewed partnership builds on the organizations’ broader engagement across lubricants and energy supplies. With industrial operations increasingly focused on equipment reliability, operational efficiency, and performance, dependable lubrication and energy solutions play an important role in supporting manufacturing continuity. The extended arrangement reinforces the two organizations’ commitment to sustained technical collaboration and reliable supply solutions as industry requirements continue to evolve.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Jindal Stainless Limited
Jindal Stainless Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Jindal posts a 5.0% three-month gain, but softens in the last few weeks. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gives back 0.2% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 6.4% and profits at 14.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Jindal Stainless Limited.
Basic Materials
Sambahv Steel Tubes Limited (sambhv) Q2 FY27: Highest-ever Sales Volume for Value Added Products
Sambhv Steel Tubes Limited (SAMBHV) achieves highest-ever sales volume in Q2 FY27, driven by Structural Pipes and Tubes, GP Coils & Pipes.
Sambahv Steel Tubes Limited (NSE: SAMBHV) has achieved its highest-ever sales volume in Q2 FY27 for Value Added Products, marking a significant milestone for the company. The robust performance was driven by strong growth in the Structural Pipes and Tubes and Pre-Galvanised (GP) Coils & Pipes segments. Notably, the company successfully scaled its portfolio of high-value products while maintaining overall volume stability despite global disruptions arising from ongoing conflicts, which adversely impacted the broader industry.
Sales Volume Growth
The company reported a substantial increase in sales volume across various product categories. In the Structural Pipes and Tubes segment, sales volume reached 67,020 tons in Q2 FY27, up from 56,617 tons in Q1 FY27 and 57,788 tons in Q2 FY26. Similarly, Pre-Galvanised (GP) Coils and Pipes saw a significant rise, with sales volume hitting 32,126 tons in Q2 FY27, compared to 29,814 tons in Q1 FY27 and 20,207 tons in Q2 FY26.
Product Category Performance
The sales volume for Stainless Steel Coils was 14,445 tons in Q2 FY27, slightly lower than the previous quarter’s 14,760 tons but still reflecting a healthy growth trend. The overall sales volume for Value Added Products totaled 1,13,591 tons in Q2 FY27, a notable increase from 1,01,191 tons in Q1 FY27 and 89,562 tons in Q2 FY26.
As a result, Sambahv Steel Tubes Limited continues to strengthen its market position and expand its portfolio of high-value products, ensuring sustained growth and stability in the competitive steel industry.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Sambhv Steel Tubes Limited
Sambhv Steel Tubes Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Sambhv gains 40.3% over three months and trades near its 52-week highs. Thin margins at 6.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue grows at 37.1% and profits at 33.0% CAGR. Both numbers are exceptional. The stock trades at 93% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 37.1%, profits at 33.0%, and the PEG sits at 0.84 — below its growth rate. That combination is rare. Check Fundamentals of Sambhv Steel Tubes Limited.
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