Panchmahal Steel
Panchmahal Steel Limited is a publicly listed Indian specialty manufacturer of stainless steel long products — wire rods, bars, wires, fine wires, and welding wires — operating a single integrated steelmaking-to-cold-finishing site in Gujarat and serving industrial, automotive, consumer goods, oil & gas, construction, and medical customers via direct B2B sales.
- Company typePublic
- Founded1973
- HeadquartersKalol, India
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Panchmahal Steel does
Panchmahal Steel Limited is an India-based, publicly listed (BSE Stock Code 513511) specialty manufacturer of stainless steel long products, founded in 1972/1973 and headquartered in Vadodara, Gujarat with a single integrated manufacturing site in GIDC Industrial Estate, Kalol, Panchmahals district. The company operates a vertically integrated steelmaking backbone — electric arc melting, AOD refining, ladle furnace refining, and continuous casting — feeding into downstream cold-finishing capabilities including coil-to-bar drawing, bar peeling, heat treatment, shot blasting, pickling, and spooling. Its product portfolio comprises five core lines — stainless steel wire rods (5.5–28 mm), bars (2.00–84.00 mm), wires (0.80–18.0 mm), fine wires (0.25–0.80 mm), and welding wires (MIG, TIG, SAW, Core Wires) — manufactured across Austenitic, Martensitic, Ferritic, Duplex, Precipitate Hardening, and low-nickel high-manganese (200 series) grades, including custom-engineered chemistries for demanding applications.
The company's revenue model is direct B2B sale of physical stainless steel long products on a quote-based, pay-as-you-go pricing structure that varies by grade, specification, quantity, and prevailing market conditions. Distribution is direct to industrial customers with no intermediaries, and Panchmahal holds certifications across ISO 9001/14001/45001, BIS, VdTUV, CE, PED, AD 2000, and ROHS, qualifying it for automotive, oil & gas/process, construction, white goods, and medical/healthcare end markets including EU export welding-wire customers. Horizontal segmentation targets industrial manufacturing, automotive and transportation, consumer goods and white goods, oil and gas/process industries, construction and infrastructure, and medical/healthcare — without documented concentration in any single segment. GTM is sales-led through designated sales and purchase email contacts and corporate website enquiry forms.
Recent financial performance (FY March 2026) shows annual sales of Rs 384.24 crore (~$45M), up only 0.30% YoY, with the company swinging from a Rs 3.33 crore net profit in FY2025 to a Rs 2.26 crore net loss in FY2026, operating margins contracting to 4.51% in Q3 FY2026 from 5.52% prior, the CFO resigning effective February 16, 2026, and a pending Rs 3.4 million tax demand disclosed in July 2026 — collectively indicating margin pressure and defensive executive restructuring rather than expansionary momentum.
Panchmahal Steel firmographics
Firmographics- Name
- Panchmahal Steel
- Legal name
- Panchmahal Steel Limited
- Website
- https://panchmahalsteel.co.in
- Company type
- Public
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Panchmahal Steel Limited is a publicly listed Indian specialty manufacturer of stainless steel long products — wire rods, bars, wires, fine wires, and welding wires — operating a single integrated steelmaking-to-cold-finishing site in Gujarat and serving industrial, automotive, consumer goods, oil & gas, construction, and medical customers via direct B2B sales.
- Ownership category
- akta.pro rank
Panchmahal Steel industry classification
Industry- Product category
- Stainless Steel Long Products Manufacturing
- NAICS
- Iron and Steel Mills and Ferroalloy Manufacturing (331110)
- SIC
- Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Iron & Steel Foundries (3320)
- akta.pro primary industry
- Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)
- akta.pro secondary industries
- Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms) (IMAKABAD), Cold Rolling & Finishing (Cold-Rolled Coil/Sheet, Temper, Skin Pass) (IMAKABAF)
Keywords
Where Panchmahal Steel is headquartered
LocationHeadquarters
- HQ city
- Kalol
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Panchmahal Steel business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Stainless Steel Products Sales: Panchmahal Steel generates revenue through the manufacture and sale of stainless steel long products including wire rods, bars, wires, fine wires, and welding wires. Sales are conducted directly to industrial customers through B2B transactions with quotes based on specifications, quantities, and market conditions. The company reports quarterly and annual sales figures in Indian Rupees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based B2B pricing for stainless steel products |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Panchmahal Steel product offering
Product offeringCore offering
Panchmahal Steel manufactures and sells specialty stainless steel long products — including wire rods, bars, wires, fine wires, and welding wires — through an integrated single-site production setup spanning electric arc melting, AOD and ladle furnace refining, continuous casting, hot rolling, and cold finishing. The company serves industrial customers with a broad range of stainless steel grades (Austenitic, Martensitic, Ferritic, Duplex, Precipitate Hardening, and 200 series) and supports custom chemistries and modified grades for demanding applications.
Product overview
Panchmahal Steel is among India's leading producers of speciality stainless-steel long products. The company operates a single-site setup with integrated manufacturing from steel melting through hot rolling and cold finishing. The product portfolio consists of five core product lines: Stainless Steel Wire Rod, Stainless Steel Bars, Stainless Steel Wires, Stainless Steel Fine Wires, and Stainless Steel Welding Wires (TIG, MIG, SAW, Core Wires). These products are manufactured in various stainless steel grades including Austenitic, Martensitic, Ferritic, Duplex, Precipitate Hardening Steel, and low-nickel high-manganese (200 series). The integrated manufacturing backbone includes electric arc melting, AOD refining, ladle furnace refining, and continuous casting, with downstream cold-finishing capabilities such as coil-to-bar drawing, bar peeling, heat treatment, shot blasting, pickling, and spooling.
Differentiator
Problem solved
Functional benefit
Products and services
- Stainless Steel Wire Rod Stainless steel wire rods crafted for consistency, cleanliness, and dependable downstream performance. Backed by integrated steelmaking and close process control, suited for drawing, forging, fasteners, welding, and engineering applications. Available in 5.5 mm to 28 mm sizes with coil weights of 700-900 kgs.
- Stainless Steel Bars Stainless steel bars manufactured to deliver strength, precision, and lasting performance across critical applications. Produced with strict control over chemistry, rolling, and finishing. Size range: 2.00 mm to 84.00 mm with tolerances h8, h9, h10, h11, k12, DIN 1013, A484, GRIT 240 and 320.
- Stainless Steel Wires Stainless steel wires developed for versatility, consistency, and dependable performance across a broad range of end uses. Available in sizes 0.80 mm to 18.0 mm with supply conditions including Soft Annealed, 1/4 Hard, 1/2 Hard, Full Hard, Spring Hard, and EPQ.
- Stainless Steel Fine Wires Fine wires produced for applications where precision, surface finish, and consistency are non-negotiable. Manufactured with tight dimensional control and sound metallurgical properties for weaving, filtration, springs, knitting, cable armouring, and precision-engineered uses. Size range: 0.25 mm to 0.80 mm.
- Stainless Steel Welding Wires Stainless steel welding wires designed for clean weldability, stable performance, and reliable joint integrity. Suitable for TIG, MIG, SAW, and other welding applications. Available in MIG wires (0.8 mm to 1.6 mm), TIG wires (1.0 mm to 5.0 mm), SAW wires (1.6 mm to 4.0 mm), and Core Wires (1.6 mm to 5.0 mm).
Quantifiable outcome
- Over 50 years of manufacturing experience since 1972/1973
- +1 more outcomes
Companies that use Panchmahal Steel
Customer profileSegments6 records
Ideal customer profiles6 records
Panchmahal Steel technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Panchmahal Steel partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights4 records
Panchmahal Steel competitors and assessment
Company assessmentDirect peers
- Viraj Profiles Limited: India's largest stainless steel long products manufacturer producing wire rods, bars, and wires. Direct competitor to Panchmahal across grades and end-markets, with substantially larger scale and broader grade portfolio.
- Mukand Limited: Indian manufacturer of stainless steel and specialty alloy steel long products, including wire rods and bars. Competes with Panchmahal across industrial and automotive segments in India.
- Kalyani Steels Limited: Indian specialty and alloy steel producer with long products capabilities. Comparable in targeting demanding-application customers with engineered chemistries, overlapping with Panchmahal's specialty-grade positioning.
- Shah Alloys Limited: Indian stainless steel long products and alloy steel producer headquartered in Gujarat. Directly comparable product mix to Panchmahal, including wire rods, bars, and billets, serving similar industrial customers.
- Jindal Stainless Limited: One of India's largest stainless steel manufacturers, with a meaningful presence in long products alongside flat products. Comparable in grade breadth and end-market exposure, though at materially larger scale.
Broad incumbents
- Outokumpu Oyj: Global leader in stainless steel headquartered in Finland, producing a wide range of austenitic, ferritic, and duplex grades in both flat and long product forms. Sets international pricing benchmarks that Indian producers like Panchmahal must compete against.
- Acerinox S.A. Spanish-headquartered global stainless steel manufacturer with broad long and flat product portfolio. Competitor in European and global export markets where Panchmahal sells certified welding wires and bars.
- Aperam S.A. European stainless steel producer spun off from ArcelorMittal, offering specialty and standard stainless grades including long products. Comparable in targeting specialty-grade niches with engineered chemistries.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Panchmahal Steel social profiles
Digital presencePanchmahal Steel compliance and trust
Trust signalCompliance9 records
Panchmahal Steel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Panchmahal Steel leadership team
Management profileNumber of profiles
Profiles9 records
Panchmahal Steel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Panchmahal Steel M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Panchmahal Steel
What does Panchmahal Steel do?
Panchmahal Steel manufactures and sells specialty stainless steel long products — including wire rods, bars, wires, fine wires, and welding wires — through an integrated single-site production setup spanning electric arc melting, AOD and ladle furnace refining, continuous casting, hot rolling, and cold finishing. The company serves industrial customers with a broad range of stainless steel grades (Austenitic, Martensitic, Ferritic, Duplex, Precipitate Hardening, and 200 series) and supports custom chemistries and modified grades for demanding applications.
Is Panchmahal Steel a public or private company?
Panchmahal Steel is a public company. It is classified as public and is currently operating.
When was Panchmahal Steel founded?
Panchmahal Steel was founded in 1973. It employs 501 to 1,000 people.
Where is Panchmahal Steel based?
Panchmahal Steel is headquartered in Kalol, India, in the Asia region.
How does Panchmahal Steel make money?
One revenue line is on record: stainless Steel Products Sales.
Who are Panchmahal Steel's main competitors?
Direct peers on record are Viraj Profiles Limited, Mukand Limited, Kalyani Steels Limited, Shah Alloys Limited and Jindal Stainless Limited. Broad incumbents are Outokumpu Oyj, Acerinox S.A. and Aperam S.A..
Does Panchmahal Steel have an API?
No public API is recorded for Panchmahal Steel.
What industry is Panchmahal Steel in?
Panchmahal Steel's product category is Stainless Steel Long Products Manufacturing. Its primary akta.pro industry code is IMAKABAJ, Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA), with a secondary code of IMAKABAD, Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms). Its NAICS code is 331110 and its SIC code is 3310.