Remi Edelstahl order book reaches Rs 173 crore including exports

Remi Edelstahl Tubulars Limited disclosed an approximate Rs 173 crore current order book, including export orders from Middle East clients, with its September 2026 quarter results approved on November 6, 2026. The disclosed pipeline is larger than the Rs 141.62 crore revenue from operations the company reported for the full year ended March 31, 2026.

What is Remi Edelstahl's current order book?

Remi Edelstahl said its current order book is approximately Rs 173 crore and includes export orders from Middle East clients. The company made the disclosure in notes accompanying its unaudited standalone results for the quarter and half-year ended September 30, 2026, rather than identifying individual customers, delivery dates or product-wise order values.

Remi Edelstahl manufactures stainless steel tubes and pipes, according to the same filing. The disclosure confirms the presence of domestic and Middle East export work in the stated pipeline, but it does not split the Rs 173 crore amount between exports and domestic orders or state how much had been billed by September 30, 2026.

How does the order book compare with reported revenue?

Remi Edelstahl's approximately Rs 173 crore order book compares with Rs 141.62 crore of revenue from operations for the year ended March 31, 2026. This places the stated current pipeline above the company's reported FY26 operating revenue, although an order book is not the same as recognised revenue and the filing gives no execution timetable.

The company reported Rs 88.87 crore in revenue from operations for the half-year ended September 30, 2026, compared with Rs 60.06 crore in the corresponding half-year ended September 30, 2025. The half-year figure represents revenue already reported in the financial statements, while the Rs 173 crore order book is described separately as the current order position.

What changed in Remi Edelstahl's September quarter results?

Remi Edelstahl reported Rs 53.68 crore of revenue from operations in the quarter ended September 30, 2026, up from Rs 35.18 crore in the preceding June 2026 quarter and Rs 33.44 crore a year earlier. Profit after tax was Rs 1.92 crore, compared with Rs 0.45 crore in June 2026 and Rs 1.03 crore in the September 2025 quarter.

For the half-year ended September 30, 2026, Remi Edelstahl reported profit before tax of Rs 3.15 crore, against Rs 1.68 crore in the corresponding prior-year half. Net profit after tax for the latest half-year was Rs 2.38 crore, compared with Rs 1.24 crore a year earlier, while total income rose to Rs 89.46 crore from Rs 60.93 crore.

What cost and cash-flow factors affect order execution?

Remi Edelstahl said current half-year profitability was adversely affected by a substantial increase in energy costs due to geopolitical disturbance in the Middle East during the period. Finance costs were Rs 1.84 crore in the half-year ended September 30, 2026, compared with Rs 0.68 crore in the corresponding 2025 period, while materials consumed rose to Rs 63.83 crore from Rs 48.88 crore.

Net cash from operating activities was Rs 5.58 crore for the half-year ended September 30, 2026, compared with net cash used of Rs 4.99 crore a year earlier. The company spent Rs 8.23 crore on purchases of fixed assets during the latest half-year, versus Rs 5.06 crore in the comparable period, and recorded net cash used in investing activities of Rs 8.28 crore.

How did Remi Edelstahl's funding and balance sheet change?

Remi Edelstahl allotted 833,331 equity shares of face value Rs 10 each at a premium of Rs 170 per share on a preferential basis during the September 2026 quarter. The cash-flow statement reported Rs 14.86 crore in proceeds from raising equity for the half-year, and the company separately said there was no deviation or variation from the stated objects for use of preferential-issue proceeds.

At September 30, 2026, Remi Edelstahl reported total assets of Rs 149.22 crore, compared with Rs 137.61 crore at March 31, 2026. Non-current borrowings declined to Rs 14.95 crore from Rs 17.93 crore and current borrowings declined to Rs 27.38 crore from Rs 34.68 crore, while inventories increased to Rs 46.79 crore from Rs 45.09 crore.

Conclusion

Remi Edelstahl's approximate Rs 173 crore order book provides a disclosed measure of pending stainless steel tube and pipe business, including Middle East export orders, alongside half-year revenue of Rs 88.87 crore and profit after tax of Rs 2.38 crore. The comparison with FY26 revenue of Rs 141.62 crore provides context for the scale of the pipeline, but the filing does not specify its delivery schedule or segment mix.

What to watch next is conversion of the stated order book into reported revenue, because Remi Edelstahl did not disclose an execution timetable, the export-order value or customer details as of September 30, 2026. Energy costs also remain relevant after management said geopolitical disturbance in the Middle East adversely affected profitability in the half-year ended September 30, 2026.