Mittal Sections Ltd. (BSE SME)

Key Performance Indicator 

Overview and Brand
Incorporated in 2009, Mittal Sections Limited is a manufacturer of basic iron and steel products based in Gujarat, India. The company produces a range of mild steel and structural steel products, marketing them under the brand name “MSL-MITTAL.” This brand is built on a reputation for quality, durability, and consistent adherence to industry standards, ensuring reliable products for various client projects.

Operations and Capacity
The company operates from two manufacturing plants located in Changodar, Ahmedabad, Gujarat. Its current installed production capacity is 36,000 metric tonnes per annum (MTPA). Mittal Sections Limited has ambitious expansion plans underway, aiming to significantly increase this capacity to 96,000 MTPA to meet growing demand.

Workforce
As of February 28, 2025, the company employs a permanent workforce of 63 people.

Key Products
Mittal Sections Limited manufactures several essential steel products, each serving distinct purposes:

MS Angle: These are L-shaped mild steel components known for their strength and corrosion resistance, making them ideal for creating strong, stable frames and load-bearing structures.

MS Flats: These rectangular steel bars are valued for their durability and ease of fabrication. They are commonly used in construction, automotive, and general engineering applications.

MS Round Bar: These cylindrical steel bars are recognized for their ductility and strength. They are easily fabricated and are a common choice in construction and manufacturing projects.

MS Channel: These C-shaped steel sections provide excellent load distribution and structural stability. Their easy weldability makes them suitable for heavy-use applications in frameworks and supports.
 

Objects of the Mittal Sections Limited IPO (in ₹ Crores)

The company proposes to utilise the Net Proceeds from the Issue for the following objectives:

1. Capital Expenditure for Expansion:
   ₹20.888 Crores will be allocated for the acquisition of land, construction of a factory building, and the purchase of new plant and machinery. This investment directly supports the company's planned capacity expansion.

2. Meeting Working Capital Requirements:
   ₹15.0 Crores will be used to fund the company's ongoing working capital needs, ensuring smooth day-to-day operations and supporting business growth.

3. Repayment of Secured Borrowings:
   ₹5.0 Crores is earmarked for the full or partial repayment of certain outstanding secured loans. This will reduce the company's debt burden and associated interest costs.

4. General Corporate Purposes:
   The balance of the net proceeds will be used for general corporate purposes, a standard category to address unforeseen expenses and opportunities in the normal course of business.