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UNLISTED COMPANY PROFILE

MADHUR IRON AND STEEL (INDIA)

MATERIALS LINE
INDICATIVE PRICE / SHARE
₹124
▲ +3.3% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2024

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹250
₹118
27 Nov 2410 Jun 2602 Sept 26

ALL-TIME LOW
₹118
ALL-TIME HIGH
₹250
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹351 Cr
Latest available company data
Min. investment
₹10,540
Indicative price × lot size
Lot size
85
P/E ratio
19.94
P/B ratio
3.52
EPS
6.22
ROE
19.5%
Book value
₹35.22
Face value
₹10
Debt / equity
1.53
ISIN
INE0TO301014
Company security identifier
THE BUSINESS · HOW IT EARNS

Madhur Iron & Steel (India) Limited manufactures hot re-rolled structural steel products, principally angles, channels, MS sections, flats and rods. It uses a Bhilai manufacturing unit for trading and rolling operations; the unit is also the registered office. Products are sold in a business-to-business model to industrial consumers and traders, with management assessing customer requirements and offering product specifications, commercial terms and delivery schedules. Raw materials include iron ore, billets, blooms, ingots and coal, sourced from public-sector and private-sector suppliers. The company makes structural steel products for sectors such as power infrastructure, construction, railways, telecom and engineering; its revenue from operations comprises sales of structural-steel products and engineered products, including transmission-line towers. It plans a proposed fabrication unit for engineered steel products and a separate capacity-expansion unit for re-rolled structural steel.

About this company

Madhur Iron and Steel (India) is a Chhattisgarh-based structural steel manufacturer incorporated in 2012 and headquartered in Bhilai, one of central India's principal steel-making hubs. The company operates a business-to-business, order-driven model, producing structural steel products such as angles, channels, flats and rods that serve as core inputs for power transmission, construction, bridges and broader infrastructure projects. Its product range is geared toward heavy-industry and institutional demand rather than retail consumption. Reported manufacturing capacity has expanded over recent years, moving from roughly 28,500 metric tonnes per annum in FY23 toward about 35,000 metric tonnes per annum in FY24, reflecting incremental scale-up at its facility located close to the Bhilai Steel Plant ecosystem. Distribution reportedly spans western, northern and central India. The company is associated with supply relationships across the power-transmission and infrastructure value chain, with publicly referenced customers including entities in the transmission EPC and railways space. This positioning ties its order book closely to India's ongoing capital expenditure in electricity transmission, urban infrastructure and transportation, themes that have drawn investor attention to domestic structural steel suppliers. Madhur Iron and Steel draws interest in the unlisted market for several reasons. First, it sits in an infrastructure-linked manufacturing niche that benefits from broad public and private capex cycles. Second, it filed a Draft Red Herring Prospectus with SEBI in January 2026 toward a proposed public issue, which the company subsequently withdrew in March 2026; the shares therefore continue to trade in the unlisted segment. This pre-IPO-adjacent profile, combined with a relatively concentrated equity base of roughly 2.98 crore shares and a face value of ₹10, makes the stock a frequently tracked name among unlisted-share participants. The figures and indicative price referenced here are market-sourced data points for information only and reflect prevailing private-market quotes, which can change with liquidity, sentiment and disclosure availability.

COMPANY AT A GLANCE
Sector lineMaterials
SettlementNSDL / CDSL
Incorporated2012
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U51101CT2012PTC000189
PAN
AAHCM7572R
Incorporated
2012
Outstanding shares
2,97,84,546 (29,784,546) equity shares
Registered office
21/A LIGHT INDUSTRIAL AREA BHILAI DURG, BHILAI, Chhattisgarh 490026, India
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY23FY24FY25FY26
REVENUE15,10523,93834,03644,400
PAT1,2251,8522,387
EPS (₹)2114
PAT MARGIN5%5%5%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Virendra Kumar Agarwal
Founder / Promoter
Jayant Agrawal
Managing Director
Gopal Krishna Agrawal
Director
Shikha Jain
Director
Roopa Garg
Director
Rajesh Modh
Director
Prashant Samantrai
Director
Prateek Sethi
Chief Financial Officer (CFO)
Umang Agarwal
Production & Business Development
COMPANY TIMELINE · EVENTS
GLEIF records completed change-of-legal-name and change-of-legal-form events for Madhur Iron & Steel (India) Limited. (25 Jul 2024)
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THE GLOVEBOX · ANNUAL REPORTS
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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Madhur Iron and Steel (India) listed on the stock exchange?+

No. As of 2 September 2026, Madhur Iron and Steel (India) is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Madhur Iron and Steel (India) unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of Madhur Iron and Steel (India) is ₹124 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Madhur Iron and Steel (India) unlisted shares?+

The displayed unit count is 85 share(s); at the indicative price of about ₹124, the displayed amount is approximately ₹10,540. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Madhur Iron and Steel (India)?+

The recorded ISIN of Madhur Iron and Steel (India) is INE0TO301014. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Madhur Iron and Steel (India) unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
MATERIALS LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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