Kathmandu. Shree Steels, a joint venture of Kedia Organization, Siddhartha Group and Uma Group of Industries has recorded a turnover of Rs 5.32 billion in the last fiscal year. The company’s business has increased compared to the previous fiscal year. In the previous fiscal year (2024), the company had a turnover of Rs. 4.99 billion.

The company’s turnover in 2023 was Rs 7.04 billion. In the fiscal year 2024 and 2025, the company’s business declined compared to 2023. The company, which operates its factory in Bhairahawa of Rupandehi district, had a turnover of Rs 6.13 billion in 2022 and Rs 7.46 billion in 2021.

On the other hand, the operating profit ratio of Steels Company is in a state of progressive improvement. The company posted an operating profit of 4.4 percent in 2021 and only 2.TAG_OPEN_span_16 3 percent in 2022. However, the company’s profit has improved since 2023. In 2023, the company increased its profit to 8.6 percent, 10.2 percent in 2024 and 12.9 percent in 2025. 

Established in 2016, Shree Steels is one of the newer entrants to the steel industry in Nepal. As of 2022, the company was a second-class steel manufacturer producing TMT bars and wires. Later that year, the company has achieved backward integration in billet production by successfully operating its steel melting shop ‘SMS’ plant.

The company’s TMT bar production capacity is around 150,000 metric tons per year. The company manufactures TMT steel bars under its own brand name. As of July 2025, the company is owned by nine shareholders. Among them are eight people from three business groups.

There is a foreign investor in it. Among the business groups, Siddhartha Group owns 40 per cent, Kedia Group 20 per cent, and Murarka Group 20 per cent.  Jagadamba Investment and Trading Company has 20 percent investment in the company.

The company has a debt rating of Rs 5.78 billion including short-term and long-term loan. The company has a debt rating of Rs 1.33 billion for long-term debt and Rs 4.44 billion for short term loan.

ICRA Nepal has upgraded the company’s loan from ‘ICRANP LB Plus’ to ‘ICRANP L DOUBLE B’ level. The company has also maintained its ‘Short Term Debt Rating’ of ‘EcraNPA Four’.

The improvement in the rating indicates that the company’s debt repayment capacity is moderate but relatively well-intentioned. According to ICRA Nepal, the company has been able to meet its debt repayment obligations. However, the risk level is still in the moderate category.