Rs 77.45 Cr Sales In A Single Month: This Small-Cap Steel Stock Starts 2026 With Record-Breaking Performance

One of the top manufacturers of TMT bars and stainless steel long products, Rathi Steel and Power Limited, has reported that its Ghaziabad unit recorded its highest-ever monthly sales on a stand-alone basis in January 2026, totalling roughly Rs 77.45 crore.

Strong demand in multiple key end-user segments, such as infrastructure, real estate, manufacturing, and general engineering, was the driving force behind this remarkable achievement.

"This strong performance was driven by robust demand across key end-user segments, including infrastructure, real estate, manufacturing, and general engineering. The sustained pickup in construction activity, steady government-led infrastructure spending, and improving private capex sentiment have continued to support steel consumption in India. Industry trends indicate that domestic steel demand remains resilient, supported by urbanisation, housing requirements, and ongoing infrastructure development, positioning the sector for steady growth," said Rathi Steel and Power in a statement.

Mr. Mahesh Pareek, Managing Director of Rathi Steel And Power Limited said, "We are happy to share that we have started the year 2026 on a positive note by posting our highest-ever sales of approx. 77.45 crore from the Ghaziabad unit. This achievement is attributable to our persistent efforts in ramping up production volumes.
Going forward, we will continue to sweat our assets, strive to further improve our performance, and remain focused on delivering premium quality products to our customers. We sincerely thank all our employees and stakeholders for their continued commitment and support."

Through cutting expenses, advances in technology, and the integration of renewable energy through open access power consumption, Rathi Steel and Power Limited (RSPL) has strengthened its financially sound basis and maintained a strong financial position. In order to meet the booming demand from the infrastructure and real estate industries, the company is actively considering expanding its inventory of recycled steel, or "green steel."

Rathi Steel And Power Limited (RSPL), a prominent producer of stainless steel and mild steel products, had revenues of Rs 505.43 Cr, an EBITDA of Rs 24.31 Cr, and a profit after tax of Rs 13.95 Cr in FY25. The company is based in Ghaziabad, Uttar Pradesh. The firm, which was founded in 1971, continues the well-known Rathi history that has been developed over fifty years of steel manufacturing.

With a rolling capacity of 2,00,000 tonnes annually and a melting capacity of about 85,000 tonnes annually, RSPL operates a state-of-the-art integrated plant spanning over 12.5 acres in the NCR region. It offers a wide range of products, such as TMT bars, wire rods, and stainless steel billets. The firm has a significant retail presence with dealer sites in numerous northern states.

The current share price of Rathi Steel and Power Ltd (BSE: 504903) is Rs 22.55 as of February 3, 2026, 01:11 PM IST. The stock is trading down by 1.96% from its previous close of Rs 23.00. During today's session, the stock reached an intraday high of Rs 23.54 and a low of Rs 22.40. Over the past year, the share price has fluctuated between a high of Rs 39.80 and a low of Rs 21.65. The market value of the firm is now around Rs 194.75 crore. The stock now has an Earnings Per Share (EPS) of Rs 0.90 and a Price-to-Earnings (P/E) ratio of 25.15.

The stock has dropped approximately 17.45% since the start of 2026 and is currently in a short-term slump. As of January 28, 2026, MarketsMOJO gave the company a "Sell" recommendation due to its high debt levels (Debt to EBITDA of 141.19x) and flat growth patterns.