Steamhouse India Ltd (STEAMHOUSE)
🎯 Key Takeaways
- Steamhouse India Ltd appears to be in a capital-intensive expansion or restructuring phase, marked by rising debt and significant investing outflows despite modest operating cash flow generation. The company maintains a conservative leverage profile with a debt-to-equity ratio of 1.
- ⚠️ High capital intensity with operating cash flow unable to fully cover investing needs raises funding risk.
- Debt/Equity
- 1.63
📖 The Story
Steamhouse India Ltd appears to be in a capital-intensive expansion or restructuring phase, marked by rising debt and significant investing outflows despite modest operating cash flow generation. The company maintains a conservative leverage profile with a debt-to-equity ratio of 1.63, but recent balance sheet growth suggests active financing for expansion. Operations remain cash flow positive but limited in scale, with net cash flow nearly flat year-on-year.
📰 What's Happening
The company reported a sharp increase in investing activities, with capital expenditures of ₹145 crore in Q4 FY26, up from prior periods, indicating ongoing asset deployment. Management highlighted progress on capacity expansion in its industrial services segment, particularly in boiler maintenance and turnkey projects, as per the March 2026 filing. No new orders or contract wins were disclosed in the latest regulatory filing, but prior quarters referenced pipeline visibility in infrastructure and energy sectors.
Source: Stock Announcements
🔮 Management Outlook & What's Next
Management did not provide explicit forward guidance in the latest filing, but prior commentary in the Q3 FY26 results noted 'cautious optimism' around order execution in the second half of the fiscal year. No updated timelines or margin improvement targets were disclosed. The focus remains on scaling operations while managing working capital and debt servicing pressures.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2026 | Mar 2026 |
|---|---|---|
| Equity Capital | 45 | 45 |
| Reserves | 128 | 102 |
| Borrowings | 282 | 271 |
| Total Liabilities | 679 | 443 |
| Fixed Assets | 371 | 455 |
| Investments | 0 | 0 |
| Total Assets | 679 | 443 |
Equity and reserves grew modestly from ₹102 crore to ₹128 crore, suggesting retained earnings or capital raises supported balance sheet expansion. Borrowings increased from ₹271 crore to ₹282 crore, indicating continued reliance on debt to fund growth. Total assets rose significantly, driven by investments in property, plant, and equipment, likely tied to service infrastructure or project execution.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +100 |
| Investing | -145 |
| Financing | +48 |
| Net Cash Flow | +4 |
⚖️ Peer Comparison — Miscellaneous
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| GMRAIRPORT | 99,994 | 205.9 | 12.1% | — | -13.08 |
| NBCC | 21,330 | 28.8 | 41.3% | — | 0.00 |
| CMPDI | 15,240 | 27.6 | 32.4% | — | 0.00 |
| IGIL | 14,004 | 23.0 | 56.1% | — | 0.00 |
| HORIZONIND | 12,532 | — | — | — | 1.22 |
| RITES | 9,249 | 22.2 | 23.1% | — | 0.00 |
| RAIN | 7,258 | 13.5 | 12.0% | — | 1.21 |
| INOXGREEN | 6,578 | 52.7 | 9.4% | — | 0.10 |
| SIS | 5,918 | 40.4 | 8.0% | — | 0.56 |
| CMRGREEN | 4,992 | 22.4 | 18.4% | — | 0.65 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. High capital intensity with operating cash flow unable to fully cover investing needs raises funding risk. 2. Rising debt levels coincide with flat revenue growth, signaling potential execution or demand headwinds. 3. Management provided no forward-looking metrics or margin guidance, limiting visibility into turnaround trajectory.
📋 Recent Filings
- 🔴 Announcement2026-09-30Steamhouse India announced its Q1 FY27 earnings call scheduled for October 6, 2026 at 11:30 AM IST to discuss operational and financial performance fo…
- 🟡 Board Meeting2026-09-24Steamhouse India Ltd announced a board meeting on 5th October 2026 to approve unaudited financial results for the quarter ended 30th June 2026, follow…
- 🔴 Announcement2026-09-24Steamhouse India Limited announced it has been awarded an EPC and O&M contract for a 300 TPH steam plant and co-generation power plant at the Bulk Dru…
- Announcement2026-09-17Steamhouse India Ltd announced the closure of its insider trading window effective September 17, 2026, until 48 hours after the unaudited Q1 results a…
🧠 Analyst's Read
Steamhouse India is navigating a capital-heavy phase with limited cash flow coverage, making execution and financing strategy critical. Investors should monitor future order inflows and whether capital spending begins to correlate with revenue acceleration in upcoming quarters.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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