Steamhouse India Limited
NSE: STEAMHOUSEIndustrial Gases
Share price
₹127.90
+5.52% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
56
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹3,535 Cr
P/E ratio
91.5
P/B ratio
—
ROCE
16.0%
ROE
25.3%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
We do not have three full years of its sales yet, so there is nothing to compare with its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
It has no steady three-year profit record yet, so growth cannot be weighed against the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Steamhouse India Limited — this one | — | 91.5× | — |
| Solar Industries India Limited | 30%/yr | 90.4× | ₹3.0 |
| Pidilite Industries | 25%/yr | 57.1× | ₹2.3 |
| SRF Limited | -4%/yr | 33.4× | — |
| Linde India Limited | 1%/yr | 93.3× | ₹93.3 |
| Coromandel International Limited | -1%/yr | 27.4× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies across the whole Chemicals sector, it ranks 60 of 182 on returns, 42 of 182 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 16% on capital, ahead of 67% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Only 3 years of matching accounts on file — too few to judge this yet.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
5 of 7 checks clear · 71%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 5 Oct 2026 · Consolidated · Unaudited
Revenue
₹129 Cr
Net profit
₹18 Cr
Net margin
14.3%
EPS
₹0.81
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹3,535 Cr
- Prev close
- ₹127.90
- 52w High
- ₹133
- 52w Low
- ₹91.6
- Enterprise value
- —
- Beta
- —
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 5.7%
- PEG ratio
- —
- P/E ratio
- 91.5
- P/B ratio
- —
- EV / EBITDA
- —
- Industry P/E
- 22.2
- ROCE
- 16.0%
- ROCE 5y average
- 16.0%
- ROE
- 25.3%
- Debt / Equity
- 1.9
- Interest coverage
- 3.3
- Dividend yield
- 0.0%
- ROE 3y average
- —
- ROE last year
- 25.0%
Annual P&L
- Annual revenue
- ₹492 Cr
- Annual profit
- ₹39 Cr
- Operating margin
- 17.0%
- Net profit margin
- 7.9%
- EBITDA margin
- 16.9%
- Sales growth 3y
- —
- Sales growth 5y
- —
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹1.7
- Sales growth TTM
- 24.0%
- Profit growth TTM
- 31.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹129 Cr
- Profit latest quarter
- ₹18 Cr
- YoY quarterly sales growth
- 14.2%
- YoY quarterly profit growth
- 80.0%
- OPM latest quarter
- 24.0%
Balance Sheet
- Book Value
- —
- Face Value
- ₹2.0
- Total debt
- ₹335 Cr
- Total cash
- ₹11 Cr
- Borrowings
- ₹335 Cr
- Reserves / Equity
- 2.8
Cash Flow
- Operating cash flow
- ₹100 Cr
- Free cash flow
- -₹39 Cr
- FCF yield
- -1.7%
- Net cash flow
- ₹4 Cr
Shareholding
- Promoter holding
- 78.0%
- FII holding
- 0.2%
- DII holding
- 7.5%
- Public holding
- 14.4%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Linde India | 6,094.00 | 94.7 | 51,970 | 0.07 | 103.0 | -1.9 | 694.4 | 21.6 | 18.2 |
| Ellen.Indl.Gas | 365.75 | 42.7 | 5,155 | 0.00 | 35.0 | 86.8 | 98.7 | 18.0 | 14.5 |
| Steamhouse India | 125.17 | 73.9 | 3,460 | 0.00 | 18.3 | 80.2 | 128.6 | 13.3 | 16.0 |
| Stallion India | 227.81 | 50.8 | 2,645 | 0.00 | 18.6 | 79.3 | 121.5 | 9.9 | 11.8 |
| Hilltone Softwar | 37.07 | 49 | 0.00 | -0.8 | -333.3 | 1.6 | -32.5 | 0.8 | |
| Natl. Oxygen | 56.10 | 28 | 0.00 | -2.0 | -7.5 | 3.1 | -59.8 | -21.5 | |
| Bhagawati Gas | 12.31 | 20.4 | 21 | 0.00 | -0.3 | 7.1 | 0.0 | -88.9 | 6.1 |
| Gagan Gases | 19.02 | 35.8 | 9 | 0.00 | 0.0 | 157.1 | 0.5 | -38.4 | 5.6 |
| Median | 296.78 | 62.4 | 4,307 | 0.00 | 26.8 | 79.7 | 125.0 | 15.7 | 15.2 |
Competes with: Asset Reconstruction Company (India) Limited, Ellenbarrie Industrial Gases Limited, Karamtara Engineering Limited, LCC Projects Limited, Linde India Limited, Manipal Payment and Identity Solutions Limited, Rentomojo Limited, Stallion India Fluorochemicals Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 113 | 138 | 129 |
| Expenses | 94 | 112 | 98 |
| Operating Profit | 19 | 26 | 31 |
| OPM % | 17 | 19 | 24 |
| Other Income | 1 | 1 | 2 |
| Interest | 5 | 5 | 7 |
| Depreciation | 3 | 4 | 4 |
| Profit before tax | 12 | 18 | 22 |
| Tax % | 16 | 21 | 16 |
| Net Profit | 10 | 14 | 18 |
| EPS in Rs | 0.45 | 0.62 | 0.79 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 292 | 395 | 492 |
| Expenses | 326 | 408 | |
| Operating Profit | 69 | 83 | |
| OPM % | 23 | 18 | 17 |
| Other Income | 3 | 3 | |
| Interest | 22 | 22 | |
| Depreciation | 12 | 14 | |
| Profit before tax | 39 | 51 | |
| Tax % | 20 | 25 | |
| Net Profit | 27 | 31 | 39 |
| EPS in Rs | 1.21 | 1.38 | 1.71 |
| Dividend Payout % | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 24%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 31%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- —
- Last year
- 25%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 45 | 45 | |
| Reserves | 87 | 128 | |
| Borrowings | 203 | 271 | 335 |
| Other Liabilities | 140 | 171 | |
| Total Liabilities | 544 | 679 | |
| Fixed Assets | 288 | 364 | |
| CWIP | 116 | 165 | |
| Investments | 0 | 0 | |
| Other Assets | 141 | 151 | |
| Total Assets | 544 | 679 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from Operating Activity | 21 | 107 | 100 |
| Cash from Investing Activity | -123 | -145 | |
| Cash from Financing Activity | 12 | 48 | |
| Net Cash Flow | -4 | 4 | |
| Free Cash Flow | -33 | -39 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Debtor Days | 28 | 29 |
| Inventory Days | 59 | 44 |
| Days Payable | 100 | 99 |
| Cash Conversion Cycle | -13 | -26 |
| Working Capital Days | -132 | -167 |
| ROCE % | 16 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
a new listing's EV withheld until its first post-issue balance sheet; value = fresh issue (0 = unknown), period = the issue cut-off
353inr_cr
2026-09-14
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
a new listing's P/B and Book Value withheld until its first post-issue balance sheet; value = fresh issue (0 = unknown), period = the issue cut-off
353inr_cr
2026-09-14
News
News and filings about Steamhouse India Limited. Open one to see why it matters.
25 Sept, 14:30 IST · Company event · medium impact
Ellenbarrie Industrial Gases Limited has begun commercial production
25 Sept, 09:00 IST · Company event · medium impact
Steamhouse India Limited has won a new order or contract
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- coal
- plastic waste
- purchased steam
Depends on the price of
- coal
Sells to
- Aether Industries Limited · steam
- Anupam Rasayan India Limited · steam
- Devanshi Dyestuff · steam
- Globe Enviro Care · steam
- Gujarat Polysol Chemicals · steam
- Himachal Pradesh Bulk Drug Park Infrastructure Limited · EPC and 25-year O&M for 300 TPH steam plant
- Mahavir Synthesis · steam
- Mangalam Intermediaries · steam
- Subhasri Pigments · steam
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Chemicals
- Industry
- Industrial Gases
- Classification
- Chemicals › Industrial Gases
- ISIN
- INE0FRO01022
Plants
- Ankleshwar Phase 1 · Ankleshwar, Gujarat
- Ankleshwar Phase 2 · Ankleshwar, Gujarat
- Ankleshwar nitrogen facility · Ankleshwar, Gujarat
- Nandesari · Nandesari, Gujarat
- Panoli · Panoli, Gujarat
- Sarigam · Sarigam, Gujarat
- Vapi Phase 1 · Vapi, Gujarat
- Vapi WTE unit · Vapi, Gujarat
News impact
Big market events that reach Steamhouse India Limited, and how the effect spreads.
29 Sept, 12:10 IST · Market event · high impact
Ellenbarrie Industrial Gases shares rise 5% after securing Rs 481 crore order from BHEL
Ellenbarrie Industrial Gases won a Rs 481 crore BHEL order to build a big air-separation gas plant over two years, lifting its own outlook while rival gas makers face a mixed read-through.
Who it hits first
- Ellenbarrie Industrial Gases, a maker of industrial gases, won a Rs 481 crore turnkey order (design plus build, handed over ready to run) from BHEL, the power-equipment maker, to build a 1,200-tonne-per-day cryogenic Air Separation Unit, a plant that splits air into oxygen, nitrogen and other gases.
- The unit serves BHEL's Coal to Ammonium Nitrate project, will be built over eight quarters (two years), and is expected to start running in FY29.
- Ellenbarrie shares rose 5.1% on the news as investors priced in two years of confirmed project work.
- BHEL, the buyer, has no fundamentals row in this pack, so no signal is given for it.
Who may gain
- Ellenbarrie Industrial Gases — the Rs 481 crore BHEL order adds two years of project revenue and a marquee reference in India's coal gasification push.
- BHEL — locks in a dedicated builder for a key gas plant in its coal-to-chemicals project, de-risking its FY29 start-up plan.
- Ellenbarrie shareholders — the 5.1% jump reflects the market's welcome for the confirmed order book.
Along the supply chain
Downstream
Once running in FY29, the unit feeds oxygen and nitrogen into BHEL's coal-to-ammonium-nitrate chain; Ellenbarrie's current gas customers in drugs, paper and chemicals see no change to their own supply from this construction order.
Upstream
Building the plant needs compressors, cold boxes, steel and site labour, which can trickle into sub-orders for equipment vendors, though the pack names no supplier of Ellenbarrie for this job.
Where demand moves
Business
Real business flows one way: BHEL will pay Ellenbarrie Rs 481 crore over eight quarters to design and build the gas plant, lifting Ellenbarrie's order book and project billing; none of that spending reaches rival gas makers or Ellenbarrie's existing gas buyers.
Capital
Investor money rotated into Ellenbarrie shares, up 5.1% on the announcement, while rival gas-maker shares get sentiment read-through only, with no direct capital flow behind it.
How it spreads across sectors
Capital Goods
Mildly positive: BHEL converting its coal-to-chemicals plan into equipment orders signals a live project pipeline for heavy-equipment builders.
Chemicals
Positive read-through: a Rs 481 crore gas-plant order underlines demand for industrial gases and coal-gasification kit, supporting sentiment for gas makers such as Linde India.
When it plays out
Immediate
Ellenbarrie shares digest the 5.1% jump over 1-7 days as traders react to the confirmed Rs 481 crore order; rival gas makers trade sideways on sentiment.
Medium term
Over 1-6 months Ellenbarrie ramps up the eight-quarter build with milestone billing supporting revenue, while the FY29 start-up stays the real test.
Short term
Over 1-4 weeks attention turns to the order's fine print, payment milestones and margins, plus any further BHEL packages for equipment makers.
26 Sept, 16:20 IST · Market event · high impact
Steamhouse India wins ₹311 cr EPC mandate for 300 TPH steam project in Himachal
Steamhouse India won a Rs 311 crore steam-plant build in Himachal with 25 years of upkeep, which helps Steamhouse's sales while rivals see no gain or loss.
Who it hits first
- Steamhouse India, which builds and runs steam plants, won a Rs 311 crore order to build a 300 TPH steam facility in Himachal Pradesh.
- The order also pays Steamhouse to run and maintain the plant for 25 years, giving it steady upkeep income on top of the build work.
- That mix of build fees plus a 25-year service tail lifts Steamhouse's sales visibility, while rival bidders get nothing from this award.
Who may gain
- Steamhouse India, the steam-plant builder and operator, which collects the Rs 311 crore build fee and 25 years of upkeep payments.
Along the supply chain
Downstream
No direct downstream buyer is named either — the steam will serve Himachal industrial users once the plant runs, but no customer company is identified to benefit.
Upstream
No direct upstream link is named in the pack — Steamhouse lists no suppliers, so boiler, pipe or fuel vendors for this plant cannot be credited with new orders.
Where demand moves
Business
New business demand lands squarely on Steamhouse India: a Rs 311 crore build contract for the 300 TPH plant plus 25 years of paid operation and upkeep, which stretches its order book from one-time construction into long service income.
Capital
Investor money is likely to favour Steamhouse shares on stronger earnings visibility, with little reason for funds to rotate into rivals since they won no work here.
How it spreads across sectors
Capital Goods
Small positive readthrough: a Rs 311 crore steam EPC award shows industrial boiler demand is alive, but one order does not lift the whole equipment sector.
Utilities
Mildly positive for steam-as-a-service models since a 25-year upkeep deal proves long service contracts are being signed, though only Steamhouse gains here.
When it plays out
Immediate
Steamhouse shares react to the order headline; rivals stay flat as the market sees a single-company win.
Medium term
Build progress and early upkeep billing decide the lasting gain; peers move only if more steam orders follow.
Short term
Focus shifts to order details — build schedule, margins and upkeep terms — which set how much profit Steamhouse keeps.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 17 Sep 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 25,74,129 | ₹98.73 |
| 17 Sep 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 25,74,129 | ₹98.79 |
| 17 Sep 2026 | IRAGE BROKING SERVICES LLP | SELL | 24,23,908 | ₹97.16 |
| 17 Sep 2026 | GRT STRATEGIC VENTURES LLP | BUY | 19,20,905 | ₹97.66 |
| 17 Sep 2026 | GRT STRATEGIC VENTURES LLP | SELL | 19,20,549 | ₹97.73 |
| 17 Sep 2026 | IRAGE BROKING SERVICES LLP | BUY | 17,93,825 | ₹97.95 |
| 17 Sep 2026 | MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED | BUY | 15,89,648 | ₹99.25 |
| 17 Sep 2026 | MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED | SELL | 13,19,658 | ₹102.49 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.