| Market Cap | ₹65.26 CrSmall Cap |
|---|---|
| Revenue TTM | ₹22.58 CrOperating |
| RSI | 77.01Overbought Zone |
| Order from | M/s. RIECO Industries Limited |
| Execution period | Financial Year 2026-27 |
| Deal value | ₹32.5 Cr |
| Share of market cap | 49.8% |
| Share of annual revenue | 143.9% |
Key highlights
- Empaneled as an approved steel supplier for Tata Motors' upcoming manufacturing facilities
- Total engagement value of ₹32.50 crores including executed orders and a 2026-27 pipeline
- Scope involves supplying Hot Rolled Steel Plates and structural components for industrial sheds
- Revenue of approximately ₹8.50 crores already recognized from orders executed in March-April 2026
- Additional pipeline of ₹24 crores to be released in six phases based on project progress
What Is the Order?
Magnus Steel and Infra Limited has been empaneled as an approved steel supplier for Tata Motors' upcoming manufacturing plants in Gujarat and Maharashtra. The company secured purchase orders aggregating a total estimated value of ₹32.50 crores from RIECO Industries Limited, the project contractor for Tata Motors. The scope of work involves the supply of Hot Rolled (HR) Steel Plates, HR Sheets, and Structural Steel Channels with thicknesses ranging from 5mm to 40mm.
These materials will be utilised for the construction of industrial sheds and related infrastructure. Deliveries for the pipeline orders are scheduled to be executed in six phases throughout the 2026-27 financial year.
Client Profile
- RIECO Industries Limited is a Pune-based industrial solutions provider serving as the primary project contractor for Tata Motors' new facility construction
- The ultimate beneficiary of the engagement is Tata Motors Limited, one of India's largest automobile manufacturers with extensive expansion plans
- RIECO is responsible for technical evaluation and quality audits, having cleared Magnus Steel through a rigorous supplier qualification process
- The contractor manages the logistics from the vendor location to project sites in Kuruli, Pune, and Ankleshwar, Gujarat
Business Impact
Securing this contract marks a strategic milestone for Magnus Steel as it facilitates a formal entry into the automotive Original Equipment Manufacturer (OEM) infrastructure supply chain. This engagement provides a visible, multi-year revenue stream tied to India's expanding automobile sector. Furthermore, the order validates the company’s recent business transformation from information technology services to steel trading and infrastructure supply.
By diversifying its revenue base into large-scale industrial projects, Magnus Steel reduces its historical dependence on the agro-products trading segment. The successful execution of the ₹24 crore pipeline alone would represent a material increase in the company's current revenue run-rate.
Financial Context
- The company reported total annual revenue of ₹22.58 crores for FY 2025-26, highlighting the significance of the new ₹32.50 crore order book
- Operating revenue for the most recent quarter stood at ₹7.14 crores, reflecting a year-on-year growth of 384.91% compared to the previous period
- The stock has demonstrated significant market momentum with a one-year price return of 2200.95%, currently trading at its three-year high of ₹193.05
- Net profit for the trailing twelve months reached ₹4.52 crores, supported by an operating profit margin of 21.33% in the latest quarter
Industry Landscape
The Indian steel and infrastructure sector is currently buoyed by a resurgence in manufacturing and automotive facility expansions. As major OEMs like Tata Motors ramp up production capacities in Gujarat and Maharashtra, the demand for high-grade structural steel for industrial shed construction has intensified. This tailwind favors agile steel traders and suppliers who can navigate the stringent quality audits required for OEM empanelment.
Furthermore, the transition toward organized industrial infrastructure provides a stable demand environment for companies moving away from volatile commodity segments. Magnus Steel’s entry into this chain aligns with broader sector trends of infrastructure-led growth within the domestic automotive ecosystem.
| Share price | ₹193.05 |
|---|---|
| Market capitalisation | ₹65.26 Cr |
| Revenue (annual) | ₹22.58 Cr |
| Net profit (annual) | ₹4.51 Cr |
| Revenue (latest quarter) | ₹7.14 Cr+15.02% vs previous quarter |
| Net profit (latest quarter) | ₹1.52 Cr+40.45% vs previous quarter |
| P/E (TTM) | 14.45×Sector 50.15× |
| Promoter holding | 46.13%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Magnus Steel and Infra Limited announcing the receipt of purchase orders from RIECO Industries Limited. Market figures from a third-party data provider.
