Magnus Steel & Infra
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Magnus Steel and Infra Ltd has approved a rights issue to raise up to ₹40 crores through the issuance of new equity shares, the company said on Tuesday. The board, which met on July 15, authorised the filing of the draft letter of offer with BSE and constituted a rights issue committee to finalise the terms, including the price and entitlement ratio. The record date for eligibility will be announced later.
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Magnus Steel and Infra Ltd has approved a rights issue to raise up to ₹40 crores through the issuance of new equity shares, the company said on Tuesday. The board, which met on July 15, authorised the filing of the draft letter of offer with BSE and constituted a rights issue committee to finalise the terms, including the price and entitlement ratio. The record date for eligibility will be announced later.
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July 15 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:
APPROVES RAISING UP TO 400 MILLION RUPEES VIA RIGHTS ISSUE
Source text: ID:nBSE6YFBCL
Further company coverage: MAGU.BO
(([email protected];;))
July 15 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:
APPROVES RAISING UP TO 400 MILLION RUPEES VIA RIGHTS ISSUE
Source text: ID:nBSE6YFBCL
Further company coverage: MAGU.BO
(([email protected];;))
July 9 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:
MAGNUS STEEL AND INFRA - TO CONSIDER FUND RAISING VIA EQUITY OR OTHER SECURITIES
Source text: ID:nBSE1QVdTK
Further company coverage: MAGU.BO
(([email protected];;))
July 9 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:
MAGNUS STEEL AND INFRA - TO CONSIDER FUND RAISING VIA EQUITY OR OTHER SECURITIES
Source text: ID:nBSE1QVdTK
Further company coverage: MAGU.BO
(([email protected];;))
Magnus Steel and Infra Ltd announced on Tuesday that Chinmay Pradhan has resigned as Managing Director with effect from the close of business, barely weeks after his appointment to the role. Prakash Salve, who had been appointed as Additional Executive Director alongside Pradhan, and non-executive independent director Aarti Singh also tendered their resignations, all citing personal reasons. The board re-designated Karronn Bajaj, who had been serving as a non-executive director, to the post of Managing Director, subject to shareholder approval.
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Magnus Steel and Infra Ltd announced on Tuesday that Chinmay Pradhan has resigned as Managing Director with effect from the close of business, barely weeks after his appointment to the role. Prakash Salve, who had been appointed as Additional Executive Director alongside Pradhan, and non-executive independent director Aarti Singh also tendered their resignations, all citing personal reasons. The board re-designated Karronn Bajaj, who had been serving as a non-executive director, to the post of Managing Director, subject to shareholder approval.
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May 11 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:
MAGNUS STEEL - EMPANELED AS APPROVED STEEL SUPPLIER FOR TATA MOTORS' UPCOMING MANUFACTURING FACILITIES
MAGNUS STEEL AND INFRA LTD - TOTAL ESTIMATED ORDER BOOK FROM ENGAGEMENT ABOUT 325 MILLION RUPEES
Source text: ID:nBSE8FGtsB
Further company coverage: MAGU.BO
(([email protected];))
May 11 (Reuters) - Magnus Steel and Infra Ltd MAGU.BO:
MAGNUS STEEL - EMPANELED AS APPROVED STEEL SUPPLIER FOR TATA MOTORS' UPCOMING MANUFACTURING FACILITIES
MAGNUS STEEL AND INFRA LTD - TOTAL ESTIMATED ORDER BOOK FROM ENGAGEMENT ABOUT 325 MILLION RUPEES
Source text: ID:nBSE8FGtsB
Further company coverage: MAGU.BO
(([email protected];))
May 22 (Reuters) - Savant Infocomm Ltd SAVA.BO:
APPOINTS GIRISH KAMALKISHOR SARDA AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSE6LwcxC
Further company coverage: SAVA.BO
(([email protected];))
May 22 (Reuters) - Savant Infocomm Ltd SAVA.BO:
APPOINTS GIRISH KAMALKISHOR SARDA AS CHIEF FINANCIAL OFFICER
Source text for Eikon: ID:nBSE6LwcxC
Further company coverage: SAVA.BO
(([email protected];))
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Popular questions
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What does Magnus Steel & Infra do?
SIL specializes in providing technology solutions and education services in various IT sectors including VLSI/ULSI design, DSP, embedded systems design, and communication chip design.
Who are the competitors of Magnus Steel & Infra?
Magnus Steel & Infra major competitors are CMI, SGN Telecoms, Relicab Cable Mfg., TN Telecommunication, Cybele Industries, Clenon Enterprises, Marco Cables&Conduct. Market Cap of Magnus Steel & Infra is ₹22 Crs. While the median market cap of its peers are ₹42 Crs.
Is Magnus Steel & Infra financially stable compared to its competitors?
Magnus Steel & Infra seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Magnus Steel & Infra pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Magnus Steel & Infra latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Magnus Steel & Infra allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Magnus Steel & Infra balance sheet?
Balance sheet of Magnus Steel & Infra is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Magnus Steel & Infra improving?
Yes, profit is increasing. The profit of Magnus Steel & Infra is ₹4.51 Crs for TTM, ₹0.06 Crs for Mar 2025 and -₹0.38 Crs for Mar 2024.
Is the debt of Magnus Steel & Infra increasing or decreasing?
The net debt of Magnus Steel & Infra is decreasing. Latest net debt of Magnus Steel & Infra is ₹1.75 Crs as of Mar-26. This is less than Mar-25 when it was ₹1.76 Crs.
Is Magnus Steel & Infra stock expensive?
Magnus Steel & Infra is not expensive. Latest PE of Magnus Steel & Infra is 4.8, while 3 year average PE is 8.95. Also latest EV/EBITDA of Magnus Steel & Infra is 5.09 while 3yr average is 7.85.
Has the share price of Magnus Steel & Infra grown faster than its competition?
Magnus Steel & Infra has given better returns compared to its competitors. Magnus Steel & Infra has grown at ~696.79% over the last 2yrs while peers have grown at a median rate of -19.06%
Is the promoter bullish about Magnus Steel & Infra?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Magnus Steel & Infra is 46.13% and last quarter promoter holding is 46.13%.
Are mutual funds buying/selling Magnus Steel & Infra?
There is Insufficient data to gauge this.