Steel Exchange India Reports ₹ 28 Crore Debt Repayment Over Two Quarters
Steel Exchange India Limited, a prominent integrated steel manufacturer in South India and provider of TMT rebars under the 'SIMHADRI TMT' brand, has announced a significant reduction in its debt obligations. The company successfully repaid approximately ₹ 28 Crores over the last two quarters.The firm had previously availed credit facilities, encompassing term loans and Non-Convertible Debentures (NCDs), in September 2025 to facilitate its operational and expansion initiatives. The repayment underscores the company's focus on strengthening its balance sheet and maintaining financial discipline.
During the period spanning October 2025 to March 2026, the repayment activity included a scheduled Partial Redemption. The detailed repayment amounts are as follows:
| Facility Type | Amount Repaid |
|---|---|
| Term Loans | ₹ 21.43 crores |
| NCDs | ₹ 7.09 crores |
Management stated that this consistent progress reflects the company's improving cash flow generation and its commitment to building a robust financial profile. These ongoing deleveraging efforts are anticipated to support reduced finance costs and enhance flexibility for pursuing growth opportunities efficiently.
Steel Exchange India Limited, which is part of the Vizag Profiles Group, operates an Integrated Steel Plant and Power Unit in Vizianagaram Dist, near Visakhapatnam. These facilities integrate sponge iron, billet, rolling mill, and power generation capacities, allowing for complete backward and forward integration in long steel production.
The company, which was established in 1999, has grown from its roots in steel trading and an online platform to become a trusted integrated steel manufacturer in Andhra Pradesh and Telangana. With a reliable supply track record to the Armed Forces and critical infrastructure projects, SEIL maintains a strong brand presence known for quality. Furthermore, in line with the 'Atmanirbhar Bharat' vision, the company is expanding its offerings by diversifying into specialty steels under the PLI scheme to support import substitution.
For the fiscal year 25, the company reported the following financial results:
| Metric | Value |
|---|---|
| Total Income | ₹ 1,163.37 Cr |
| EBITDA | ₹ 143.60 Cr |
| Net Profit | ₹ 25.93 Cr |
STEELXIND Stock Price Movement
Shares of STEEL EXCHANGE INDIA LIMITED are shedding 0.11% in the pre-open session at 9:09 AM, trading at ₹8.95. The stock shows activity on a volume of 16,499 shares as market participants gauge early directional cues.Source:
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