P S Raj Steels Approves FY 2026 Financial Results and Recommends Share Split
P S Raj Steels Limited, formerly P S Raj Steels Private Limited, announced on May 29, 2026, that its Board of Directors approved the audited Standalone Financial Results for the Half Year and Year ended March 31, 2026. Furthermore, the company recommended a sub-division of its equity shares and approved key appointments for the upcoming financial period.During the meeting, the company also conducted significant corporate restructuring, approving the sub-division and splitting of existing equity shares. This action, subject to shareholder approval, aims to enhance the liquidity of the company's equity shares, making them more accessible to retail investors.
The company also approved the alteration of its Memorandum of Association (MOA) regarding its authorized share capital. The existing Capital Clause (Clause V) was approved for substitution, setting the Authorized Share Capital at Rs. 8,00,00,000/- (Rupees Eight Crores only), divided into 4,00,00,000 (Four Crore only) Equity Shares of face value Rs. 2/- (Rupees Two) each.
Auditing and Financial Governance
The Board of Directors also addressed appointments for the financial year 2026-2027.- Internal Auditor: Anil Yash & Associates was re-appointed as the Internal Auditor for the Financial Year 2026-2027.
- Cost Auditor: M/s. E B & Associates was appointed as the Cost Auditor for the Financial Year 2026-2027.
The company provided the following overview of its Standalone Financial Results for the Half Year and Year to Date:
| Particulars | Half Year Ended 31.03.2026 | Year Ended 31.03.2026 Audited | Year Ended 31.03.2025 |
|---|---|---|---|
| I. Revenue From Operations Net Sales/Income From Operations | 13,578.15 | 12,654.54 | 26,599.44 |
| Other Income | 3.53 | 4.17 | 6.48 |
| TOTAL INCOME | 13,581.68 | 13,025.46 | 26,607.14 |
| TOTAL EXPENSES | 12,986.57 | 12,490.60 | 25,477.17 |
| Profit Before Tax | 595.11 | 534.86 | 479.43 |
| Net Profit/(Loss) for the Period | (5.29) | 462.06 | 396.06 |
| Basic Earning Per Equity Share | 6.13 | 5.25 | 2.89 |
Capital Restructuring Details
The Board approved a Sub-Division/Split ratio of 1 Equity Share of Face Value Rs. 10/- each fully paid-up into 5 Equity Shares of Face Value Rs. 2/- each fully Paid-up.The company's share capital structure details reflect this change:
| Particulars | Pre-Sub-Division Share Capital | Post-Sub-Division Share Capital |
|---|---|---|
| Authorized Share Capital (Rs. 10/-) | 8,00,00,000/- | 8,00,00,000/- |
| Face Value | Rs. 10/- | Rs. 2/- |
| Total Shares (Pre-Split) | 8,00,00,000 | 4,00,00,000 |
| Paid-Up Capital (INR) | 75,38,31,400 | 75,38,31,400 |
The company noted that the expected time for the completion of the split is tentatively within two months from the date of shareholder approval and any applicable statutory approvals.
Financial Position Review
A comparative look at the company's assets and liabilities as of March 31, 2026, and March 31, 2025, shows the following financial summary:| Components | Year Ended 31-Mar-2026 (Rs. Cr.) | Year Ended 31-Mar-2025 (Rs. Cr.) |
|---|---|---|
| Total Equity and Liabilities | 7,349.07 | 6,493.87 |
| Reserves & Surplus | 6,595.24 | 5,740.04 |
| Long-Term Borrowings | 30.05 | 27.57 |
| Trade Payables | 151.29 | 80.61 |
| Total Assets | 8,285.76 | 6,779.41 |
| Property, Plant & Equipment | 863.59 | 427.17 |
| Inventories | 3,220.97 | 1,939.55 |
| Trade Receivables | 9.35 | 88.25 |
| Cash and Cash Equivalents | 18.73 | 1,690.88 |
The Standalone Cash Flow Statement highlights the following key figures for the period:
| Cash Flow Metric | Year Ended 31-Mar-2026 (Rs. Lakhs) | Year Ended 31-Mar-2025 (Rs. Lakhs) |
|---|---|---|
| Net Profit before tax and extraordinary items | 1,129.97 | 996.42 |
| Operating profits before working capital changes | 1,319.43 | 1,228.92 |
| Net Cash Flow from Operating Activities | 751.65 | (905.65) |
| Net Cash Flow from Investing Activities | (450.32) | (250.50) |
| Net Cash Flow from Financing Activities | (380.23) | 1,238.17 |
| Net Increase / (Decrease) in Cash and Cash Equivalents | (78.90) | 82.01 |
PSRAJ Stock Price Movement
On Friday, P S Raj Steels Limited shares edged higher, gaining 0.49% to close at ₹408. The equity settled at ₹408 after trading volume reached 4,500 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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