Shiv Aum Steels Limited functions as a critical **supply chain consolidator**, trader, stockist, and distributor of mild steel products. Acting as a strategic intermediary between Tier-1 steel manufacturers and diverse end-users, the company resolves the logistical and financial barriers inherent in direct mill procurement. On **November 14, 2025**, the company achieved a major corporate milestone by transitioning its listing from the **NSE Emerge (SME) platform** to the **Main Board of the National Stock Exchange (NSE)**. --- ### **Strategic Market Positioning & Value Proposition** The company’s business model is designed to provide "last-mile" value through a comprehensive service suite that includes logistics, inventory management, and credit facilities. * **Operational Philosophy:** By capturing market share across multiple product categories, the company mitigates the risk of price volatility associated with any single brand or steel segment. * **Logistics Infrastructure:** The company operates a primary warehouse in **Taloja, Panvel (Raigad)**. This facility is equipped with advanced infrastructure, including **industrial cranes** and an **in-house weighbridge**, ensuring rapid turnaround times and high operational efficiency. * **Human Capital:** As of March 31, 2025, the company employs **32 staff members** across skilled, semi-skilled, and unskilled roles. Notably, the **median remuneration** for employees stood at **Rs. 45.80 Lakhs p.a.**, following a significant **83% increase** in the 2023-24 period. --- ### **Product Portfolio & Tier-1 Strategic Alliances** Shiv Aum Steels maintains a broad-based distribution model covering both **flat and long products**. Its market strength is underpinned by formal agreements with India’s largest steel producers. * **Core Product Range:** I-Beams, H-Beams, C-Channels, Angles, T-Angles, Coils, Plates, and TMT bars. * **Key Partnerships:** * **Authorised Distributor:** Jindal Steel & Power Limited (**JSPL**). * **Memorandums of Understanding (MoUs):** Steel Authority of India (**SAIL**) and Rashtriya Ispat Nigam Limited (**RINL**). * **Primary Vendors:** Mivaan Steels Ltd (formerly JSW Ispat Special Products Ltd), Vandana Ispat Limited (**VIL**), and Monnet Ispat & Energy Limited (**MIEL**). --- ### **Financial Performance & Capital Structure** The company operates under a single reportable segment: **"Trading in steel."** Following its migration to the Main Board, the company adopted **Indian Accounting Standards (Ind AS)** effective **April 1, 2025**, including the **Expected Credit Loss (ECL)** model for trade receivables. **Consolidated Financial Highlights:** | Metric | FY 2024-25 (Rs. in Lakhs) | FY 2023-24 (Rs. in Lakhs) | Growth (%) | | :--- | :--- | :--- | :--- | | **Total Income** | **55,513.98** | **55,472.04** | **+0.08%** | | **Net Profit** | **976.89** | **1,045.92** | **-6.60%** | **Capital & Credit Profile:** * **Authorized Share Capital:** **Rs. 15,00,00,000** (**1.5 Crore shares** at **Rs. 10** par). * **Paid-up Capital:** **Rs. 13,60,04,000**. * **CRISIL Credit Ratings:** * **Total Bank Loan Facilities:** **Rs. 90 Crore** (Enhanced from **Rs. 80 Crore**). * **Long-Term Rating:** **CRISIL BBB/Stable**. * **Short-Term Rating:** **CRISIL A3+**. * **Working Capital:** The business remains **working capital intensive** due to the necessity of maintaining high inventory levels at the Taloja godown. --- ### **Corporate Structure & Related Party Transactions** The company has consolidated its market presence through strategic acquisitions and associate holdings. * **Subsidiaries:** **Shivoham Ventures Private Limited** (Wholly-owned). In the period ending **December 31, 2025**, this subsidiary reported revenue of **Rs. 33.37 Crore** and a net profit of **Rs. 29.50 Lakhs**. * **Associates:** **Mobi Realtors Private Limited**. **Related Party Transactions (FY2024-25):** | Transaction Type | Entity | Value (Rs. in Lakhs) | | :--- | :--- | :--- | | **Sales by Company** | Shivoham Ventures Pvt Ltd | **816.39** | | **Allied Transactions** | Shivoham Ventures Pvt Ltd | **51.27** | --- ### **Growth Catalysts & Macroeconomic Alignment** Shiv Aum Steels is positioning itself to capitalize on the **National Steel Policy (NSP) 2017**, which targets a massive expansion of the Indian steel sector by **2030-31**. * **National Targets:** The NSP aims for **300 MT** of capacity and an increase in per capita consumption from **~74 kg** to **160 kg**. * **Government Initiatives:** The company is aligned with demand drivers such as **PM Gati Shakti**, **Smart Cities**, and the **Vehicle Scrappage Policy**. * **PLI Scheme:** The government has selected **67 applications** for specialty steel under the **Production Linked Incentive (PLI)** scheme, attracting **Rs. 42,500 Crore** in committed investment. * **Import Substitution:** The Ministry of Steel targets a **50% reduction in imports by FY26** through the **SIMS 2.0** portal and anti-dumping measures. --- ### **Risk Management & Mitigation Framework** The company utilizes a formal risk management policy, including **risk workshops** and **dynamic risk registers**, to navigate a volatile commodity environment. | Risk Category | Impact & Context | Mitigation Strategy | | :--- | :--- | :--- | | **Commodity Volatility** | Fluctuations in **iron ore** and **coking coal** prices. | Diversified product sourcing and rapid inventory turnover. | | **Credit Risk** | Potential for bad debts in a high-volume trading environment. | **Ind AS 109 ECL model**; rigorous client research and payment follow-ups. | | **Logistical Risk** | Inefficient infrastructure and **railcar availability**. | In-house logistics assets and strategic warehouse location near ports/highways. | | **Financial Risk** | Interest rate sensitivity on **Rs. 90 Crore** facilities. | Balancing **debt-equity ratio** and utilizing **internal cash accruals**. | | **Global Dynamics** | "Dumping" of cheap steel and trade policy shifts. | Leveraging government **anti-dumping duties** and focusing on domestic demand. | ### **Future Outlook** The company is currently focused on **modernizing loading/unloading processes** and upgrading technological integration to enhance operational margins. With the migration to the **NSE Main Board** complete, Shiv Aum Steels is positioned to access larger capital pools to fund its working capital requirements and support India’s projected **Rs. 10 Lakh Crore** investment requirement in the steel sector through **2031**.