Electrical Equipment Stock Hits 5% Upper Circuit as Revenue Surges 500% YoY

Synopsis: Shares of this company hit a 5% upper circuit after strong Q4 results, with profit and revenue surging sharply. The company also announced Rs. 45 crore fundraising and key leadership changes to support future growth. 

The shares of this company are specialised in the trading of iron, steel, and engineering products are in the spotlight after it hit 5% upper circuit in today’s market session after reporting its Q4 results with revenue surging 500% YoY.

With a market capitalisation of Rs. 51 cr, the shares of Magnus Steel and Infra Ltd were trading at Rs. 151.40 per share, locked at 5% upper circuit in today’s market session, up from its previous close of Rs. 144.23 per share. The stock has delivered exceptional returns: 1646% over the past year, 317% year-to-date, 813% in the last six months, and 61% in the past month. 

Q4 Results 

The company achieved a net profit of Rs. 4.5 crore in FY26, a massive leap from the Rs. 5.67 lakh recorded in the previous fiscal year. This growth was supported by a six-fold increase in revenue from operations, which reached Rs. 22.58 crore, compared to Rs. 3.19 crore in FY25. The EBITDA also saw a substantial rise to Rs. 4.66 crore, reflecting improved operational efficiency and scale.

The growth trajectory remained robust through the final quarter of the year. For Q4FY26, the company reported a net profit of Rs. 1.52 crore, up significantly from Rs. 21.58 lakh in the same period last year. Revenue for the quarter rose to Rs. 7.14 crore, driven by higher trading volumes and improved execution. Managing Director Mr. Chinmay Pradhan noted that this performance reflects disciplined execution and strong business momentum, positioning the company for long-term value creation. 

Strategic Capital Raising for Expansion

To fuel its next phase of growth, the company’s board has approved raising Rs. 45 crore through a preferential issue of 4.5 crore equity shares at Rs. 10 per share. These shares will be issued to five non-promoter investors. 

The capital infusion is strategically earmarked to strengthen the balance sheet, with Rs. 33.75 crore allocated for working capital and Rs. 11.25 crore for general corporate purposes. This move ensures the company is well-equipped with the liquidity needed to scale its operations further.

Leadership Strengthening and Corporate Relocation

The company has significantly bolstered its leadership team to guide its future strategy. Mr. Chinmay Pradhan has been appointed as Managing Director, bringing over two decades of expertise in sales and IT governance. He is joined by Mr. Prakash Salve as Additional Executive Director and Mrs. Krutika Shah as an Additional Non-Executive Independent Director. 

Furthermore, shareholders have approved shifting the company’s registered office from Nashik to Pune to enhance operational efficiency. These changes, approved with a 99.99% majority at the recent EGM, signal strong investor confidence in the company’s new direction.

With a legacy dating back to 1978, Magnus Steel and Infra Ltd (formerly Savant Infocom Ltd and Magnus Retail Ltd) has evolved over four decades. The company specialising in the trading of iron, steel, and engineering products. Today, it stands as a diversified trading enterprise with a clear focus on global markets and sustainable growth, leveraging its long-standing history to build a modern, high-performance business.

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