Watani Iron Steel Co

Watani Iron Steel Co is a Saudi Arabian steel manufacturer listed on the Saudi Exchange under ticker 9513. The company operates in the Basic Materials sector, specifically within the Steel industry, focusing on the production and distribution of iron and steel products. With a market capitalization of 350.58 million SAR, Watani Iron Steel serves the domestic construction and industrial sectors, providing essential materials for infrastructure development and manufacturing.

Watani Iron Steel generates revenue primarily from the sale of steel products, including rebar, wire rod, and other long steel products used in construction. The company's recent quarterly revenues have fluctuated, with 2026Q1 reporting 119.88 million SAR, reflecting seasonal demand patterns. Despite low gross margins of 1.89%, the company maintains operations through efficient cost management. Revenue growth year-over-year is minimal at 0.35%, while earnings have declined by 17.33%, indicating margin pressure.

The steel industry in Saudi Arabia is highly competitive, with several local and regional players. Watani Iron Steel positions itself as a mid-tier producer, facing challenges from larger integrated mills and imports. The company's EV/EBITDA of 180.74 suggests high valuation relative to earnings, while negative operating and profit margins (-1.78% and -3.58% respectively) indicate operational difficulties. The company carries debt of 91.09 million SAR against cash of 10.44 million SAR, resulting in a net debt position.

Watani Iron Steel's primary customers are construction companies, contractors, and infrastructure developers in Saudi Arabia. The company's geographic focus is domestic, serving the Saudi market where government spending on mega-projects and Vision 2030 initiatives drive steel demand. However, the company's negative free cash flow yield (-4.08%) and volatile earnings suggest sensitivity to economic cycles and project delays.

An auto-generated descriptive profile based on company data, for informational purposes only.