INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol PSRAJ
MSEI Symbol NOTLISTED
ISIN INE0XUS01012
Name of Company P S Raj Steels Limited
Type of company SME
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 25-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Stainless Steels Pipe and Tubes
Start date and time of board meeting 29-05-2026   17:00:00
End date and time of board meeting 29-05-2026   22:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 06-09-2025
Indicate Company website link for updated RPT policy of the Company https://pssrgroup.com/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NA


Financial Results — Other than Bank

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 13,578.15 26,599.44
Other income 3.53 7.70
Total Income 13,581.68 26,607.14
2 Expenses
(a) Cost of materials consumed 9,361.50 19,267.21
(b) Purchases of stock-in-trade 1,903.36 3,716.62
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 621.73 742.33
(d) Employee benefit expense 199.67 382.35
(e) Finance costs 16.73 32.43
(f) Depreciation and amortisation expense 94.20 153.59
(g) Other Expenses
1 Other Expenses 789.38 1,182.63
Total other expenses 789.38 1,182.63
Total expenses 12,986.57 25,477.16
3 Profit before exceptional and extraordinary items and tax 595.11 1,129.98
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 595.11 1,129.98
6 Extraordinary items 0.00 0.00
7 Profit before tax 595.11 1,129.98
8 Tax Expense
Current tax 127.76 268.01
Deferred tax 5.29 3.84
Total tax expenses 133.05 271.85
9 Net Profit Loss for the period from continuing operations 462.06 858.13
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest 462.06 858.13
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 462.06 858.13
17 Details of equity share capital
Paid-up equity share capital 753.83 753.83
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 6,595.24
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 6.13 11.38
Diluted earnings (loss) per share from continuing and discontinued operations 6.13 11.38
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results Textual Information(1)


Text Block

Textual Information(1) 1. The above Standalone Financial result for the Half year ended 31st March. 2026 was reviewed & approved by the Audit Committee and approved by the Board of Directors at their meeting held on 29-May-2026. 2. The above Standalone Financial Result have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) to comply with the Accounting Standards specified under section 133 of the Companies Act read with Companies (Accounting Standards) Rules, 2021 and the relevant provisions of the Companies Act 2013. 3.The Standalone Financial result for the Half year ended 31st March, 2026 have been prepared in accordance with the Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 . 4. As the company is listed on SME Platform of NSE, it has been exempted from the applicability of IND-AS as per the proviso to the rule 4 of Companies (Indian Accounting Standards), 2015.As per MCA Notification dated 16th Feb 2015, Companies whose shares are listed on the SME Exchange as referred to in Chapter XB of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 are exempted from the compulsory requirement of adoption of Ind AS for the preparation of Financial Statements. 5. The Cashflow has been prepared by the Company using Indirect Method As per AS-3 Cash Flow Statements. 6. Figures for the Corresponding/ Previous periods have been re-grouped/re-stated/re-arranged/re-classified, wherever necessary, to correspond with the current period’s classification/disclosure/ comparatives for the ease of the investor’s or stakeholder’s analysis. 7. The status of Investor’s Complaints during the quarter ended on 31st March, 2026 is as under: Complaints pending at the beginning of the period: Nil Complaints received during the period: Nil Complaints disposed of and resolved during the period: Nil Complaints pending at the end of the period: Nil 8. The Company operates only in one business segment i.e. Stainless Steel Pipe and Tubes. Hence Segment Reporting is not applicable. 9. The Results of the Company may be downloaded from stock Exchange website or the Company Website : www.pssrgroup.com


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 1,129.98
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 30.33
Adjustments for depreciation and amortisation expense 153.59
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 183.92
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (160.54)
Adjustments for decrease (increase) in trade receivables (295.80)
Adjustments for decrease (increase) in other current assets (187.56)
Adjustments for increase (decrease) in trade payables 69.04
Adjustments for increase (decrease) in other current liabilities 270.44
Adjustments for provisions 0.00
Total adjustments for working capital (304.42)
Total adjustments for reconcile profit (loss) (120.50)
Net cash flows from (used in) operations 1,009.48
Dividends received 0.00
Interest paid 0.00
Interest received (4.91)
Income taxes paid (refund) 263.36
Other inflows (outflows) of cash 10.44
Net cash flows from (used in) operating activities before extraordinary items 751.65
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities 751.65
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property plant and equipment 4.00
Purchase of property plant and equipment 459.03
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 4.91
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (0.20)
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items (450.32)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (450.32)
Cash flows from used in financing activities
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 2.48
Repayments of borrowings 352.38
Dividends paid 0.00
Interest paid 30.33
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities before extraordinary items (380.23)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities (380.23)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (78.90)
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (78.90)
Cash and cash equivalents cash flow statement at beginning of period 88.25
Cash and cash equivalents cash flow statement at end of period 9.35


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 753.83
Reserves and surplus 6,595.24
Money received against share warrants
Total shareholders' funds 7,349.07
2 Share application money pending allotment 0.00
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 30.05
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities
1 Other Long term Liabilities 5.00
Total of Other long-term liabilities 5.00
Long-term provisions 43.74
Total non-current liabilities 78.79
6 Current liabilities
Short-term borrowings 77.69
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 26.85
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 151.29
Total Trade payable 178.14
Other current liabilities
1 Other Current Liabilities 328.00
Total of Other long-term liabilities 328.00
Short-term provisions 274.07
Total current liabilities 857.90
Total equity and liabilities 8,285.76
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 863.59
Producing properties
Intangible assets 0.15
Preproducing properties
Property, Plant and Equipment capital work-in-progress
Intangible assets under development or work-in-progress 0.16
Total Property, Plant and Equipment and Intangible assets 863.90
ii Non-current investments 0.00
v Deferred tax assets (net) 32.37
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 0.00
Other non-current assets
1 Other Non-Current assests 45.08
Total of Other non-current assets 45.08
Total non-current assets 941.35
Current assets
Current investments 0.00
Inventories 3,220.97
Trade receivables 2,235.35
Cash and cash equivalents 9.35
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 18.73
Other current assets
1 Other Current Assets 1,860.01
Total of Other current assets 1,860.01
Total current assets 7,344.41
Total assets 8,285.76
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1) 1. The above Standalone Financial result for the Half year ended 31st March. 2026 was reviewed & approved by the Audit Committee and approved by the Board of Directors at their meeting held on 29-May-2026. 2. The above Standalone Financial Result have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) to comply with the Accounting Standards specified under section 133 of the Companies Act read with Companies (Accounting Standards) Rules, 2021 and the relevant provisions of the Companies Act 2013. 3.The Standalone Financial result for the Half year ended 31st March, 2026 have been prepared in accordance with the Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 . 4. As the company is listed on SME Platform of NSE, it has been exempted from the applicability of IND-AS as per the proviso to the rule 4 of Companies (Indian Accounting Standards), 2015.As per MCA Notification dated 16th Feb 2015, Companies whose shares are listed on the SME Exchange as referred to in Chapter XB of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 are exempted from the compulsory requirement of adoption of Ind AS for the preparation of Financial Statements.


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Jain Mittal Chaudhary & Associates Yes 30-04-2027


Signatory Details

Name of signatory
Designation of person
Place
Date


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 P S Raj Steels Limited Sheela Stainless Private Limited Director's Relative is a director in the company Any other transaction Rent Paid 12.00 Approved 6.00 0.00 0.00
2 P S Raj Steels Limited Deepak Kumar Managing Director Any other transaction Rent Paid 12.00 Approved 6.00 0.00 0.00
3 P S Raj Steels Limited Sheela Stainless Private Limited Director's Relative is a director in the company Sale of goods or services 2,200.00 Approved 527.82 32.16 0.04
4 P S Raj Steels Limited Sheela Stainless Private Limited Director's Relative is a director in the company Any other transaction Freight Paid 25.00 Approved 13.95 0.00 0.00
5 P S Raj Steels Limited Sheela Stainless Private Limited Director's Relative is a director in the company Purchase of goods or services 300.00 Approved 35.42 0.00 0.00
6 P S Raj Steels Limited Steelmint Industries Private Limited Common Directors Sale of goods or services 1,900.00 Approved 606.79 685.04 263.53
7 P S Raj Steels Limited Steelmint Industries Private Limited Common Directors Purchase of goods or services 10.50 Approved 10.44 0.00 0.00
8 P S Raj Steels Limited Steelmint Industries Private Limited Common Directors Any other transaction Job Work Charges Paid 731.00 Approved 549.51 0.00 0.00
9 P S Raj Steels Limited Steelmint Industries Private Limited Common Directors Any other transaction Job Work Charges Received 5.00 Approved 0.00 0.00 0.00
10 P S Raj Steels Limited Steelmint Industries Private Limited Common Directors Any other transaction Freight Paid 5.00 Approved 1.08 0.00 0.00
11 P S Raj Steels Limited Punita Gupta Wife of Managing Director Remuneration 26.00 Approved 13.00 0.00 0.00
12 P S Raj Steels Limited Jyoti Gupta Wife of Whole Time Director Remuneration 26.00 Approved 13.00 0.00 0.00
13 P S Raj Steels Limited Deepak Kumar Managing Director Remuneration 60.00 Approved 30.00 0.00 0.00
14 P S Raj Steels Limited R S Infra Director's Wife is a Partner in the firm Any other transaction Rent Paid 30.00 Approved 20.00 0.00 0.00
15 P S Raj Steels Limited Gaurav Gupta Whole Time Director Remuneration 14.00 Approved 12.00 0.00 0.00
16 P S Raj Steels Limited Khushank Gupta Son of Managing Director Remuneration 16.97 Approved 12.73 0.00 0.00
17 P S Raj Steels Limited Suman Company Secretary and Compliance Officer Remuneration 6.98 Approved 2.98 0.00 0.00
18 P S Raj Steels Limited Vinod Kumar Chief Financial Officer Remuneration 8.21 Approved 4.05 0.00 0.00
19 P S Raj Steels Limited Gaurav Gupta Whole Time Director Interest received Approved 0.71 0.00 0.00
20 P S Raj Steels Limited Jyoti Gupta Wife of Whole Time Director Interest received Approved 0.31 0.00 0.00
21 P S Raj Steels Limited Gaurav Gupta Whole Time Director Any other transaction Advance Given on Salary 18.50 Approved 18.50 0.00 0.00
22 P S Raj Steels Limited Jyoti Gupta Wife of Whole Time Director Any other transaction Advance Given on Salary 10.46 Approved 10.46 0.00 0.00
23 P S Raj Steels Limited Gaurav Gupta Whole Time Director Any other transaction Advance Adjusted against Salary Approved 5.29 0.00 0.00
24 P S Raj Steels Limited Jyoti Gupta Wife of Whole Time Director Any other transaction Advance Adjusted against Salary Approved 7.30 0.00 0.00
Total value of transaction during the reporting period 1,907.34