Mittal Sections Ltd IPO 2026
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 68.97 | 161.65 | 167.53 |
| Profit After Tax | 2.41 | 1.89 | 0.56 |
| EBITDA | — | — | — |
| Net Worth | 9.14 | 6.73 | 4.84 |
| Total Assets | 35.11 | 29.04 | 33.37 |
| Reserves & Surplus | 6.52 | 4.11 | 2.21 |
| Total Borrowings | 12.99 | 15.00 | 20.39 |
Incorporated in 2009, Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products.
The company is a manufacturer of mild steel sections and structural steel products, including MS flat bars, round bars, angles, and channels, offering a wide range of high-quality solutions.
The company markets its products under the brand name “MSL-MITTAL,” known for quality, durability, and industry standards, ensuring reliable steel products that meet strict specifications for client projects.
The company operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA. Expansion plans aim to increase capacity to 96,000 MTPA.
Products:
- MS Angle: L-shaped mild steel components for strong, stable, and corrosion-resistant load-bearing applications.
- MS Flats: Rectangular steel for construction, automotive, and engineering, offering durability and easy fabrication.
- MS Round Bar: Cylindrical steel known for ductility, strength, and easy fabrication in construction and manufacturing.
- MS Channel: C-shaped steel providing excellent load distribution, structural stability, and easy weldability for heavy use.
As of February 28, 2025, the company has 63 permanent employees.
Competitve Strengths:
- Well-established manufacturing setup
- Manufacturing plants are strategically located, leading to cost efficiencies and a stable supply chain
- Strong Customer Base
- In depth understanding of customers’ requirements
- Wide range of our product SKUs
- Experienced Promoters and management team