What we do Inducto Steel Ltd is engaged in ship breaking, trading metal scrap, coals, aluminum foil, and related inputs primarily in Gujarat and Mumbai regions. |
Founded in 1,988 |
Market share A recognized player in ship breaking and metal trading with growing revenue streams and regional presence in Mumbai and Bhavnagar. |
Problem solved Provides raw materials and recycled metals to steel and manufacturing industries, helping manage scrap supply chain and metal recycling. |
Top clients or who we serve B2B clients primarily in steel manufacturing, recycling, and trading sectors across India, focused in Maharashtra and Gujarat. |
Key management Rajeev Shantisarup Reniwal (Managing Director), Nishant Shantisarup Reniwal (CFO). |
Our journey and innovations Incorporated in 1988, diversified into trading and ship breaking; amalgamations in 2007 expanded operations; trading activities began in Bhavnagar in 2018. |
Where we operate Operations mainly in Mumbai and Bhavnagar, Gujarat, with export and international procurement exposure. |
Top products or what we offer Ship breaking services, metal scrap trading, coal, aluminum foil, and other raw material inputs. |
Top brands - |
Raw materials needed Old ships, metal scrap, coal, aluminum foil sourced internationally and domestically. |
Raw materials supplier Suppliers include international ship owners and domestic scrap providers. |
Recurring vs cyclical contribution Revenue driven by cyclical metal markets and ship breaking demand; customer contracts vary. |
Our industry position Moderate player with growth potential; key presence in ship breaking and metal scrap sectors in Western India. |
Financial highlights Revenue Rs. 158.57 Cr; net loss Rs. 3.72 Cr in FY2024-25; 52% revenue growth over previous year. |
Geographical revenue split Major revenue from Mumbai (₹104 Cr) and Bhavnagar (₹56 Cr) regions. |
Order book - |
Whats driving growth Rising demand for recycled metals, expansion in trading, and operational efficiencies. |
Our future plans Focus on expanding ship breaking and trading operations in current geographies with improved compliance and risk management. |
Our green promise - |
Our people and values Committed management team with governance and compliance focus; fosters safe and ethical workplace culture. |
Key challenges ahead Market price volatility, foreign exchange risk, and operational hazards in ship breaking. |
Interesting facts Company adapted post-plant fire in 1996-97; has not paid dividends to reinvest in growth. |
Risks and strategy Mitigates foreign exchange and market risks via hedging; maintains strong internal controls and governance. |
