Stock Hits 5% Upper Circuit After Completing a ₹60 Cr Deal and Becoming Tata Motors’ Approved Supplier

Synopsis: The share of this company hit the 5 percent upper circuit after becoming an approved supplier for Tata Motors and completing a Rs. 60 crore transaction facilitation mandate.

The share of this company, which has undergone a massive business transformation, pivoting from information technology and agro-products into the steel and infrastructure sector, gained investor traction after its Rs 60 crore deal.

With a market capitalization of Rs 460 crore, Magnus Steel & Infra Ltd’s shares on Monday made a day high of Rs 87.75 per share, hitting a 5 percent upper circuit from its previous day’s close price of Rs 83.60 per share. The share of this company gave a return of 864 percent over the last 1 year.

Significant Deal

Magnus Steel & Infra Ltd has been empanelled as an approved steel supplier for the upcoming manufacturing facilities of Tata Motors in Gujarat and Maharashtra. The company has started supplying steel through Tata Motors’ project contractor, RIECO Industries Ltd., and has already executed orders worth around Rs. 8.5 crore during March and April 2026.

The company expects additional orders worth around Rs. 24 crore to be released in phases during FY27, taking the total business opportunity from the project to approximately Rs. 32.5 crore. The company said this marks its entry into the automotive OEM infrastructure supply chain and strengthens its presence in the steel trading and infrastructure solutions business.

Separately, Magnus Steel & Infra Ltd has completed a Rs. 60 crore transaction facilitation mandate for Shun Shing India Pvt. Ltd. The company earned brokerage and commission income of Rs. 1.12 crore from the transaction, which will be recognized in FY27. It said the deal reflects its growing focus on management consulting and transaction advisory services alongside its core steel trading business.

Management commentary:  Chinmay Pradhan, Managing Director of Magnus Steel & Infra Ltd, said that becoming an approved steel supplier for Tata Motors’s upcoming manufacturing facilities gives the company better revenue visibility and strengthens its position in the industrial infrastructure sector.

He added that the successful completion of the Rs. 60 crore transaction facilitation mandate also reflects the company’s growing advisory business, and it will continue to focus on expanding its operations and creating long-term value for shareholders.

About the Company

Magnus Steel and Infra Ltd is a company operating primarily in the trading segment of the iron and steel industry. Established in 1978, the company has undergone significant corporate identity shifts, transitioning from retail and information technology services toward steel and infrastructure. Its primary business involves trading steel products, serving industrial and development projects.

Financial Highlights: The revenue from operations grew by 386 percent to Rs 7.14 crore in Q4 FY26 from Rs 1.47 crore in Q4 FY25, and EBIDT grew by 424 percent to Rs 1.52 crore in Q4 FY26 from Rs 0.29 crore in Q4 FY25. This was accompanied by a net profit growth of 591 percent to Rs 1.52 crore in Q4 FY26 from Rs 0.22 crore in Q4 FY25, resulting in an EPS growth of 625 percent to Rs 0.29 per share in Q4 FY26 from Rs 0.04 per share in Q4 FY25.

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