Steel Exchange India Limited Repays Term Loan, Reaching ₹86 Crore Debt Reduction Milestone
Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer specializing in TMT rebars under its brand 'SIMHADRI TMT', has announced a significant advancement in its deleveraging efforts. The company recently repaid ₹15 crore towards its Term Loan facilities, reinforcing its commitment to strengthening the balance sheet and prudent financial management.This repayment, which accounts for approximately 5.5% of the total outstanding debt, continues SEIL's disciplined approach to financial restructuring. This action follows previous reductions, including a redemption of ₹43.19 crore towards Non-Convertible Debentures (NCDs) and an additional repayment of ₹28 crore over preceding quarters.
The cumulative impact of these actions means that the company’s total debt reduction has reached approximately ₹86 crore in the recent period. This progress signifies substantial movement toward its financial goals, with SEIL having discharged and repaid around 25% of its long-term debt since October 2025. The deleveraging process is supported by strong operational cash flows and Equity Inflow.
Management commented on the development, stating that the step reflects a continued focus on disciplined financial management and strengthening the capital structure. "Our approach remains centered on improving efficiency, optimizing capital allocation, and creating a more resilient and scalable platform to support long-term growth," the company noted.
This successful debt reduction provides greater visibility into lower finance costs and improved earnings quality moving forward.
Company Overview and Financials
Steel Exchange India Limited (SEIL), which is part of the Vizag Profiles Group, operates as an integrated steel manufacturer in South India. SEIL utilizes a complete Integrated Steel Plant and Power Unit located in Vizianagaram District, near Visakhapatnam. These facilities encompass sponge iron production, billet casting, rolling mill operations, and power generation capacity, allowing for full backward and forward integration throughout the long steel production process.With a proven track record supplying critical infrastructure projects and the Armed Forces, SEIL is focused on quality reliability. The company is also actively expanding into specialty steels under the PLI scheme to support import substitution and expand its value-added offerings.
Key financial metrics for FY26 stand as follows:
| Metric | Value |
|---|---|
| Total Income | ₹1067.00 Cr |
| EBITDA | ₹138.03 Cr |
| Net Profit | ₹27.00 Cr |
STEELXIND Stock Price Movement
As of 9:45 AM, shares of STEEL EXCHANGE INDIA LIMITED are edging higher to ₹12.82, recording a healthy 1.99% jump in live trading activity. The stock has seen intense intraday movement, trading within a range defined by the low of ₹12.41 and reaching an intra-day high of ₹12.86 amid high volume.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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