National General Industries Ltd.

About

National General Industries Limited engages in the production and sale of steel products in India. The company operates in two segments, Manufacturing of Steel and Investments. It offers hot rolled steel rounds, steel squares, and steel flat bars for use in various applications, including bright bar manufacturing, hand tool industry, earthmoving industry, fasteners, ordinances factories, railways, forgings, auto components, heavy engineering industry, agricultural and farm parts, etc. National General Industries Limited was founded in 1954 and is based in New Delhi, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	3.21	2.50	2.73	2.11	1.62	2.76	2.63	2.14	2.81	3.70	3.11	2.91	3.10
Expenses	3.99	3.19	3.04	2.58	2.14	2.77	2.52	2.20	2.80	3.97	3.14	3.00	3.17
Operating Profit	-0.78	-0.69	-0.31	-0.47	-0.52	-0.01	0.11	-0.06	0.01	-0.27	-0.03	-0.09	-0.07
OPM %	-24.30	-27.60	-11.36	-22.27	-32.10	-0.36	4.18	-2.80	0.36	-7.30	-0.96	-3.09	-2.26
Other Income	1.66	0.62	0.59	0.43	0.35	0.53	0.36	0.41	0.34	1.15	2.13	0.27	0.57
Depreciation	0.10	0.10	0.10	0.09	0.09	0.10	0.10	0.10	0.10	0.09	0.09	0.08	0.07
Interest	0.03	0.02	0.02	0.01	0.01	0.02	0.02	0.02	0.03	0.03	0.04	0.03	0.03
Profit before tax	0.75	-0.19	0.16	-0.14	-0.27	0.40	0.35	0.23	0.22	0.76	1.97	0.07	0.40
Tax %	4.00	-10.53	12.50	50.00	-7.41	22.50	40.00	-8.70	27.27	15.79	-3.05	57.14	25.00
Net Profit	0.72	-0.17	0.15	-0.21	-0.25	0.31	0.20	0.26	0.17	0.64	2.03	0.03	0.30
EPS in Rs	1.61	-0.38	0.33	-0.38	-0.45	0.56	0.36	0.47	0.31	1.16	3.67	0.05	0.54

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	8.95	10.34	12.77	13.39	18.16	18.43	19.47	17.56	17.69	15.68	17.97	16.73
Expenses	10.95	10.28	13.23	13.82	18.56	19.12	20.00	17.42	16.48	14.53	14.77	15.52
Operating Profit	-2.00	0.06	-0.46	-0.43	-0.40	-0.69	-0.53	0.14	1.21	1.15	3.20	1.21
OPM %	-22.35	0.58	-3.60	-3.21	-2.20	-3.74	-2.72	0.80	6.84	7.33	17.81	7.23
Other Income	2.00	1.63	4.12	1.11	1.10	6.93	0.36	0.95	0.28	0.35	0.41	0.73
Interest	0.06	0.08	0.14	0.14	0.14	0.15	0.26	0.22	0.20	0.22	0.37	0.57
Depreciation	0.38	0.39	0.33	0.32	0.41	0.42	0.50	0.48	0.47	0.53	0.52	0.50
Profit before tax	-0.44	1.22	3.19	0.22	0.15	5.67	-0.93	0.39	0.82	0.75	2.72	0.87
Tax %	9.09	22.13	6.27	0.00	33.33	-2.29	-3.23	20.51	17.07	-8.00	44.49	8.05
Net Profit	-0.48	0.94	3.00	0.22	0.10	5.80	-0.89	0.30	0.68	0.81	1.50	0.80
EPS in Rs	-1.07	1.70	5.42	0.40	0.18	10.49	-1.61	0.54	1.23	1.46	2.71	1.45
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	4.74	4.74	4.68	4.68	4.67	4.67	4.67	4.67	4.67	4.67	4.67	4.67
Reserves	31.92	31.54	29.86	25.22	24.78	24.07	17.66	19.32	19.15	18.16	15.82	14.35
Borrowings	1.08	0.43	1.41	1.60	2.33	2.19	1.77	2.00	2.18	2.14	2.75	2.99
Other Liabilities	2.56	3.02	2.36	2.02	2.13	2.32	2.14	2.79	2.63	2.58	2.85	2.00
Total Liabilities	40.30	39.73	38.31	33.52	33.91	33.25	26.24	28.78	28.63	27.55	26.09	24.01
Fixed Assets	3.29	3.52	3.83	3.59	3.81	3.83	12.12	12.14	11.74	12.07	12.58	12.82
CWIP	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.00	0.00	0.00
Investments	23.41	21.72	20.35	10.69	10.63	10.22	8.97	9.93	9.45	8.48	5.65	3.42
Other Assets	13.60	14.44	14.13	19.24	19.47	19.20	5.15	6.61	7.44	7.00	7.86	7.77
Total Assets	40.30	39.73	38.31	33.52	33.91	33.25	26.24	28.78	28.63	27.55	26.09	24.01

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-1.31	-0.28	1.51	1.07	0.29	-0.73	0.61	1.14	0.69	0.91	2.92	1.28
Cash from Investing Activity	0.76	1.29	-1.15	-0.34	-0.42	0.71	-0.14	-0.77	-0.57	-0.41	-2.19	1.76
Cash from Financing Activity	0.59	-1.00	-0.33	-0.86	0.02	0.27	-0.47	-0.37	-0.13	-0.76	-0.61	-3.25
Net Cash Flow	0.05	0.00	0.03	-0.13	-0.11	0.25	0.01	0.01	-0.01	-0.26	0.12	-0.21
Free Cash Flow	-1.46	-0.43	2.62	0.98	-0.08	12.37	0.22	0.15	0.53	0.83	2.59	0.97
CFO/OP %	72.00	333.00	-454.00	-144.00	-42.00	106.00	-115.00	929.00	67.00	118.00	102.00	121.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	23.25	40.95	35.73	35.16	17.69	25.15	32.24	29.93	55.71	66.34	66.62	41.67
Inventory Days	63.03	184.65	68.95	94.96	83.47	70.55	63.40	122.72	96.05	68.54	70.12	69.59
Days Payable	22.92	133.12	17.99	33.24	25.71	32.28	30.24	46.50	23.40	20.32	19.09	30.28
Cash Conversion Cycle	63.36	92.48	86.69	96.89	75.45	63.42	65.40	106.15	128.36	114.56	117.65	80.97
Working Capital Days	240.21	61.77	27.15	57.52	32.16	29.51	31.87	53.63	72.63	75.89	53.83	59.34
ROCE %	-1.02	3.22	3.68	0.88	-0.73	-3.13	-3.23	1.23	3.81	3.78	13.44	3.74

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	74.93	74.93	74.93	60.74	65.62	65.62	65.62	65.62	65.62	65.62	65.62	65.62
Public	25.05	25.06	25.06	39.26	34.38	34.38	34.38	34.38	34.37	34.38	34.37	34.38
No. of Shareholders	1,015	1,022	985	2,407	2,381	2,383	2,369	2,290	2,236	2,194	2,120	2,077