Kanishk Steel Industries Ltd

Kanishk Steel Industries Ltd (513456)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-13.89 %
3 Month Return-6.18 %
1 Year Return135.47 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 36
Rank 47
Rank 47
Dividend Yield
Rank 21
Rank 37
Price To Book Ratio
Rank 37
Debt To Asset
Rank 30

Company Information

Promoted by the Gupta brothers in 1989 as a private limited company Kanishk Steel Industries has an installed capacity of 50000 tpa to manufacture various steel products like tors rounds squares and profiles and structurals like channels joints Ibeams etc. It became a public limited company in Apr.92 and entered the capital market in Nov.92 to fund its expansion programme. The company has embarked on an ecofriendly process of power generation through wind mills by installing a 6MW wind power project and has already started generating 4 MW. To augment resources for this project it offered a 1:1 rights issue of FCDs aggregating Rs 25 cr. The issue was also instrumental in increasing the capacity of the steel rerolling mill from 50000 tpa to 66000 tpa. A sizeable portion of its production is through conversion contracts with Indian Iron Steel Company Rashtriya Ispat Nigam and other producers of semis. The company has expanded and diversifed its activities at a cost of Rs 400cr integrated steel project cap.: 3 lac tpa of steel billets a technical assistance agreement was signed in Nov.94 with the Chongquing Iron Steel Company China.
OrganisationKanishk Steel Industries Ltd