Mittal Sections

About the Company

Mittal Sections Limited, established in 2009 and based in Ahmedabad, is a leading manufacturer of mild steel sections and structural steel products such as flat bars, round bars, angles, and channels under the brand “MSL-MITTAL.” With two ISO 9001:2015 certified plants and current capacity of 36,000 MTPA (expanding to 96,000 MTPA), the company caters to construction, infrastructure, automotive, and engineering sectors through a strong dealer network. Backed by experienced promoters and a skilled workforce, Mittal Sections focuses on quality, efficiency, and innovation to maintain its leadership in the steel industry.

Strengths

• Established manufacturer of mild steel sections and structural steel products under the brand “MSL-Mittal.”
• Wide product portfolio (55+ SKUs) catering to construction, automotive, and engineering sectors.
• Expanding capacity from 36,000 MTPA to 96,000 MTPA by FY26 to meet growing demand.
• Experienced promoters with 15+ years in steel manufacturing and strong supplier relationships.
• Consistent improvement in financials with rising margins, ROE above 25%, and lower debt-equity ratio.

Risks

• High dependence on few suppliers and limited geographical presence increases operational risk.
• Working capital–intensive business with exposure to steel price fluctuations.
• Related party transactions and promoter involvement in associate entities may pose conflict risks.
• Single-sector focus on mild steel products exposes it to industry cyclicality.
• Environmental and regulatory compliance requirements could affect operations and costs.