Synopsis:
Magnus Steel and Infra Ltd. have approved a rights issue, offering 4.9 crore shares at Rs. 10 each, opening from October 16 to November 14, 2025. Shareholders can apply for 2 shares for every 29 held, with the record date set for October 10, 2025.
The shares of a Penny stock company, specializing in providing technology solutions and education services, catering to IT Corporate Training, Professional Certification, and Private Education Markets, hit a 5 percent upper circuit following the approval of a Rights Issue in a ratio of 2:29, where shareholders can apply for 2 shares for every 29 shares held.
With a market capitalization of Rs. 6.05 crores on Tuesday, the shares of Magnus Steel and Infra Ltd hit a 5 percent upper circuit, making a high of Rs. 17.91 per share compared to its previous closing price of Rs. 17.06 per share.
What Happened
Magnus Steel and Infra Ltd, engaged in providing technology solutions and education services, catering to IT corporate training, professional certification, and private education markets, has approved a rights issue of 4.9 crore fully paid-up equity shares at Rs. 10 each, raising a total of Rs. 49.50 Crores on October 6, 2025.
The record date for eligibility is set for October 10, 2025, and the rights issue will open on October 16, 2025, and close on November 14, 2025. The rights issue will be in a 2:29 ratio, where shareholders can apply for 2 shares for every 29 shares held. Rights entitlements will be credited to eligible shareholders’ demat accounts prior to the issue opening.
Financials & Others
The company’s revenue rose by 13.37 percent from Rs. 1.72 crores to Rs. 1.95 crores in Q1FY25-26. Meanwhile, Net loss from Rs. 0.12 crores turned to a profit of Rs. 0.41 crores in the same period.
The stock has a P/E ratio of 13.5, significantly lower than the industry’s average of 40.2. Additionally, the stock’s PEG ratio is 0.43, indicating it is potentially undervalued relative to its earnings growth. With a ROCE of 106 percent, the company demonstrates strong profitability and efficient capital use.
Magnus Steel & Infra Ltd is an active public limited company, established in 1978, and based in Nashik, Maharashtra, India. Over its long operational history spanning more than 47 years, the company has specialized in the information technology sector, with a particular focus on delivering comprehensive technology solutions and education services.
Its offerings include consultancy, computer hardware and software services, business process outsourcing, and specialized academic training, catering to both corporate clients and individuals seeking professional certification and skill development in IT and engineering disciplines.
The company’s strategic emphasis on the IT and education fields is backed by a strong network through significant alliances and partnerships with institutes across the Asia-Pacific region. Notably, the firm continues to innovate its curriculum and training models, enabling a pathway for students and professionals to achieve globally recognized certifications and professional placements, supported by alliances with international staffing firms.
Written by Sridhar J
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