Madhur Iron & Steel India Ltd. — FY25 Business Update

09 May 2025

Infomerics Ratings Update: 10-March-2025​

Financial Highlights

• Ratings Upgradation: CRISIL rating upgraded from BBB– to BBB, mirrored by Infomerics, bolstering financial flexibility.
  

Operational Highlights

• Heavy Structure Mill Expansion (March 2024): Successfully commissioned production at their new Heavy Structure Mill, focused on large-size structural steel sections. Increasing the total premise to 4 acres, with Unit 1 having been operational since 2018 on 2 acres.
• Enhanced Product Capacity: Added manufacturing capability for large steel sections—100–200 mm angles, channels, flats, rounds.

• Solar Captive Power Plant (April 2025): Secured land for a 3 MW solar installation, EPC work is in progress, with commissioning slated for September 2025 to reduce energy costs, boost uptime, and meet ESG objectives.

Future Outlook

• Order Book: ₹200 Cr+ confirmed, ensuring strong revenue visibility for FY26 and beyond.

• Engineering Integration: Actively progressing on Full merger of the engineering arm into core structural steel operations to unlock operational synergies and enhance efficiencies.

• Galvanising Unit: Preparing to launch a Galvanising Unit as part of their post-integration strategy. This will position them to offer end-to-end structural steel solutions and support margin improvement.

• Solar Commissioning: September 2025 target for captive power to stabilise energy costs.