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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
CARE BB
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 23 Mar 2026
View Full ReportValuation
Financials (FY2024-25)
Source: CRISILInvestment Thesis
RKB Global Limited is a decade-old Mumbai-based steel company with an integrated business model spanning manufacturing, trading, and import/export. While India's infrastructure-driven steel demand provides a favorable long-term backdrop, the company's small scale, lack of public disclosures, and competition from large integrated players are key constraints on its growth profile.
Pros
Cons
Business Segments
ERW Pipes & Steel Products Manufacturing
Manufacture and export of ERW Square Pipes, Rectangular Hollow Sections, MS Hot Rolled Sheets, graded wires, bright bars, MS rods, profile sheets, welding electrodes, PEB fabrication; Masjid Station, Mumbai.
Revenue Model
RKB Global generates revenue through a combination of steel product manufacturing, domestic trading, and international import/export operations. Mumbai's port proximity facilitates cost-efficient raw material sourcing and product exports.
Detailed Analysis
Growth Plans
India's infrastructure spending under PM Gati Shakti and National Infrastructure Pipeline driving domestic steel demand
Potential to capture export opportunities as global steel demand recovers
Industry Tailwinds
India's infrastructure spending under PM Gati Shakti and National Infrastructure Pipeline driving domestic steel demand
Potential to capture export opportunities as global steel demand recovers
Recent Developments
RKB Global expanded from steel trading into manufacturing: ERW pipes, graded wires, bright bars, MS rods, profile sheets, welding electrodes, pre-engineering building (PEB) fabrication.
2021RKB Global Limited reported revenue of ₹414 Cr for FY2024-25; 49 employees; authorized ₹59.21 Cr; paid-up ₹43.77 Cr.
FY2024-25Comparable Companies
TATASTEEL · ~1,70,000 Cr
Frequently Asked Questions
About RKB Global Limited
RKB Global Limited is a Mumbai-based iron and steel products company incorporated in December 2013. The company operates across the steel value chain — importing, exporting, manufacturing, and distributing over 200 SKUs including welding electrodes, ERW pipes, bright bars, MS rods, profile sheets, and pre-engineered building (PEB) components. The company diversified into manufacturing in 2021, establishing plants in Maharashtra and Gujarat with a combined daily capacity of approximately 200 metric tonnes. In FY2024, RKB Global reported revenues of Rs. 432.83 Cr — up from Rs. 360 Cr in FY2023 — with EBITDA growing 89.43% YoY reflecting improved manufacturing contribution. In H1 FY2026, the company reported PAT of Rs. 10.15 Cr on approximately Rs. 290 Cr revenue. RKB Global filed a Draft Red Herring Prospectus (DRHP) with SEBI in April 2026 for an IPO of approximately Rs. 150-160 Cr (fresh issue + OFS). The company is promoted by the Shah family (Alok Virat Shah, Virat Sevantilal Shah) with Aryaman Financial Services and Oneview Corporate Advisors as book running lead managers for the IPO.
Key Milestones
1932: RKB Group origins in steel trading; incorporated as RKB Global Limited December 30, 2013 in Maharashtra (CIN: U28100MH2013PLC251485)
2021: Pivoted to manufacturing under Alok V. Shah — ERW pipes, graded wires, bright bars, MS rods, profile sheets, welding electrodes, PEB fabrication
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Industry Headwinds
Chinese steel dumping suppressing global steel prices
Competition from large integrated domestic steel manufacturers
Rupee depreciation raising import costs for raw materials
Key Strengths
FY2024 revenue Rs. 432.83 Cr with 89.43% EBITDA growth — strong operational momentum
Manufacturing diversification (2021) reduces pure trading margin vulnerability
200+ SKU portfolio provides diversified customer base and product range
IPO filing (April 2026 DRHP) provides near-term liquidity event for investors
Key Weaknesses
Trading-dominated business model (~77%) with thin net profit margins (~3.5%)
Young company (2013) with limited track record vs. established steel distributors
Shah family promoter concentration — related-party risk in pre-IPO governance
Downward Factors
Substantial decrease in the scale of operations with PBILDT margin stood below 5% on a sustained basis
Substantial elongation in working capital cycle marked by operating cycle exceeding 90 days
Deterioration in the debt coverage indicators with interest coverage falling below 1.40x on a sustained basis
Trading-dominated (77%) business with thin margins — vulnerable to steel price compression
Source: Company Financial Filings
Promoter family OFS component in IPO reduces net proceeds to company
Source: MCA / BSE Disclosures
Very young company (2013) seeking Rs. 150-160 Cr IPO — limited track record for public markets
Source: Company Financial Filings
Net profit margin is thin at 3.5% (FY2024-25) — limited buffer against revenue or cost shocks
Source: Financial data
Iron and steel prices are highly volatile, subject to global demand cycles, Chinese export volumes, and domestic demand from construction and infrastructure sectors
Steel import/export operations are subject to changing government trade policies, anti-dumping duties, and quality control orders (QCOs) issued by the Bureau of Indian Standards
No public website or financial disclosures available, making it difficult for investors to assess financial health or management quality
JSWSTEEL · ~2,00,000 Cr
SHYAMMETL · ~10,000 Cr
Revenue ₹414 Cr (FY2024-25); 100% promoter holding; 49 employees (Aug 2025); authorized ₹59.21 Cr; paid-up ₹43.77 Cr
Registered at 1st Floor, Sugar House, 93/95 Kazi Sayed Street, Masjid Station, Mumbai 400003; websites: rkbglobal.co.in, rkb.co.in
Alok V. Shah (100% promoter holding as of FY2023)