Over 750% Gain In 3 Yrs: Multibagger Metal Stock Announces This Business Update Following CAQM Order

Rathi Steel and Power Limited announced that the Commission of Air Quality Management (CAQM) in the National Capital Region and adjoining areas has issued an order dated November 12, 2025, permitting the company to resume commercial operations at its Steel Melting Shop located in Ghaziabad, Uttar Pradesh.

The facility, which produces M.S. and S.S. billets had previously been affected by air quality regulations. With the latest permission, the company can resume operations while making sure that the CAQM's requirements are strictly followed within the allotted time frames. In accordance with SEBI regulations, Rathi Steel has informed the stock exchanges and notified stakeholders to be aware of this operational update.

Regarding corporate governance and regulations, the company has revealed that, in response to an order from the Commission for Air Quality Management in National Capital Region & Adjoining Areas, its steel melting shop in Ghaziabad was temporarily closed on October 28, 2025. It was then allowed to reopen on November 12, 2025, on the condition that certain requirements were met.

Rathi Steel & Power's net profit dropped by 76.51% to Rs 1.63 crore in the September 2025 quarter compared to Rs 6.94 crore in the September 2024 quarter. In Q2FY26, revenue jumped by 28.72% to Rs 156.30 crore from Rs 121.43 crore in Q2FY25.

According to Screener data, it has a price-to-earnings (P/E) ratio of around 27.6, a book value of about Rs 14.8, a return on equity (ROE) of about 7.67%, and a return on capital employed (ROCE) of about 9.90%. According to balance sheet statistics, borrowings have gone down recently. For example, borrowings dropped from Rs 687 crore in 2018 to about Rs 10 crore in 2024.

Indian steel producer Rathi Steel & Power Ltd. manufactures wire rods and rebars for the building and industrial industries. The firm has production plants in Sambalpur, Odisha, and Ghaziabad, Uttar Pradesh. It is a member of the P.C. Rathi Group. The stock has produced a multibagger return of 772% over the past five years, and it has risen beyond 770% during the last three years. The stock price has declined more than 41% in the past year and 34% so far in 2025 on a year-to-date basis.

Over the course of the last year, Rathi Steel & Power Ltd.'s stock has had considerable volatility, reaching a 52-week high of Rs 51.95 on December 5, 2024, before falling to a 52-week low of Rs 21.65 on September 26, 2025. The stock is currently trading at Rs 26.90, which is significantly below its yearly peak. This represents a correction of around 48% from the high, but it is still above its most recent low with a recovery of almost 24%. Investor caution is shown by this stance, which shows that even if the stock has recovered from its lowest points, it is still in the bottom band of its yearly range.