Rathi Industries Unquoted Share Price

About RATHI INDUSTRIES LIMITED Unquoted Stocks, Illiquid Shares

RATHI INDUSTRIES LIMITED is engaged in the business of re-rolling activities particularly manufacturing & selling of M.S. Bars (TMT) under the brand name “RATHI STELMAX”. The Company's operation includes four rolling mills installed at their plant situated at G.T. Road, Chhapraulla, Gautam Budh Nagar (U.P.).

Rathi Industries Limited is a part of Rathi Steels Group. The combined Rathi group has an installed capacity of nearly one million tons of bars and rods with a market share of 45% in North India and overall production of 10% of steel rolling capacity on an all-India basis.

In the year 2000, Rathi Industries Limited started manufacturing Quenched and Self Tempered Steel Bars. With this new technology, the capacity of the steel to withstand earthquake, fire, and corrosion hazards improved significantly. Then in 2010, Rathi Industries Ltd. started 'Complete Steel Reinforcement Solutions' - it means all materials required during RCC is available under one roof i.e. TMT Steel Bars, Binding Wires, Stirrups (Rings), Lintel Beam Kit, and Steel Chairs and Cement, Cover blocks of all sizes. The company also makes readymade steel bars and rods as per the exact length and bended as required at the site.

The Equity Shares of Rathi Industries Limited are listed on Metropolitan Stock Exchange of India Limited.

INCORPORATION DETAILS

 PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

 BOARD OF DIRECTORS

Mr. Sangram Singh (Chairman & Whole-time Director)

Mr. Vinay Rathi (Executive Director)

Mr. Vikas Rathi (Executive Director)

Mr. Abhishek Bhatter(Independent Director)

Mr. Ghanshyam Tiwari (Independent Director)

Ms. Sangeeta Garg (Independent Woman Director)

SHAREHOLDING PATTERN (As of 31-03-2020)

INDUSTRY OUTLOOK 

In 2019, India ranked second as the world’s largest steel producer with a production of 111.2 million tonnes. The sustainable growth of the steel sector can be attributed to the domestic availability of raw materials including iron ore and cost-effective labor. The steel sector is one of the major contributors to the Indian economy. The Steel Industry of India has been divided into three categories, Major producers, main producers, and secondary producers. Production of crude steel and finished steel in India increased to 108.5 Million Tonnes and 101.03 Million Tonnes in FY 2020 respectively. Consumption of finished steel in India grew at a CAGR of 5.2% from FY 2016 to FY 2020. In  FY 2020, India exported 8.24 million tonnes of finished steel and imported 6.69 Million tonnes of it. From April 2020 to February 2021, export of finished steel stood at 9.49 Million tonnes and imports stood at 4.25 Million tonnes. Manufacturing of steel and TMT steel bars is regarded as a major industry in its own right. The Global TMT Steel bar market is expected to grow at a CAGR of more than 8% until 2023. But with the COVID-19 pandemic, an unprecedented toll has been taken on the construction industry. The nationwide lockdown has not only put brakes on the ongoing real estate and infrastructure projects, but the allied TMT Steel industry has also suffered a setback. As the lockdown eases, stalled projects both in construction and infrastructure along with capital expenditure plans are coming back on track, and demand for steel items is likely to recover lost ground.