Molan Steel Company
"Sector" = median of Basic Materials across 63 companies
About Molan Steel Company
AI-generatedMolan Steel Company (9553) is a Saudi-based steel manufacturer listed on the Saudi Exchange. The company specializes in the production and sale of steel products, including steel bars, coils, and sheets, catering primarily to the construction and infrastructure sectors. With a market capitalization of 28.73 million SAR, Molan Steel operates within the Basic Materials sector and the Steel industry, serving both local and regional markets.
Molan Steel generates revenue through the sale of steel products to wholesalers, retailers, and construction companies. The company's business model relies on manufacturing and distributing steel products, with revenue streams tied to volume and pricing in the steel market. However, recent financials show significant challenges: revenue declined 40.5% year-over-year, gross margin is only 2.35%, and operating and profit margins are deeply negative at -17.20% and -35.84%, respectively. The company carries 16.98 million SAR in debt against only 623,000 SAR in cash, indicating financial strain.
In the steel industry, Molan Steel competes with larger, more diversified players in Saudi Arabia and the region. Its small market cap and weak margins suggest it is a minor player facing intense competition and pricing pressures. The industry is cyclical and capital-intensive, and Molan's high price-to-book ratio of 22.24 and negative profitability highlight its precarious position. The company's ability to compete is constrained by its limited scale and high debt levels.
Molan Steel's primary customers are construction firms, infrastructure developers, and steel distributors in Saudi Arabia. Its geographic focus is domestic, with potential exports to neighboring Gulf countries. The target audience includes small to medium-sized construction projects and local traders. Given the company's financial weakness, its customer base may be limited to price-sensitive buyers seeking lower-cost steel products.
An auto-generated descriptive profile based on company data, for informational purposes only.
Molan Steel Company's stock closed at 1.10 SAR with no daily change. The most notable recent development is the approval of an interim dividend authorization for 2026, announced on July 1. However, the company's accumulated losses have reached 99.21% of capital, as disclosed in a June 25 update. Additionally, the company secured an interest-free loan (Qard Hasan) on May 14, and a corrective announcement was made on April 30 regarding the loss threshold. These events highlight ongoing financial distress despite the dividend authorization.
- •Molan Steel approved interim dividend authorization for 2026 on July 1.
- •Accumulated losses reached 99.21% of capital as of June 25.
- •Company secured an interest-free loan (Qard Hasan) on May 14.
- •Corrective announcement issued on April 30 regarding the loss threshold.
Dividend history
Cash dividends by ex-date, not an investment recommendation.
Molan Steel Company (9553) analysis
Wrqti brings Molan Steel Company data into one page covering available price, financial statements, valuation ratios, margins, cash-flow metrics, news, and alerts. This page helps you understand the numbers and is not a buy or sell recommendation.
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