Newmalayalam Steel (NSE:NMSTEEL) Construction In Progress: ₹20 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:NMSTEEL Newmalayalam Steel Ltd NSE:NMSTEEL
13 GF Score
Price ₹22.00
View Full Analysis

What is Newmalayalam Steel Construction In Progress?

Newmalayalam Steel NSE:NMSTEEL 13 Construction In Progress is ₹20 Mil as of Mar. 2026. GuruFocus rates NSE:NMSTEEL with a GF Score™ of 13/100.

Newmalayalam Steel's quarterly construction in progress declined from Mar. 2025 (₹83 Mil) to Sep. 2025 (₹ Mil) but then increased from Sep. 2025 (₹ Mil) to Mar. 2026 (₹20 Mil).

Newmalayalam Steel's annual construction in progress increased from Mar. 2024 (₹5 Mil) to Mar. 2025 (₹83 Mil) but then declined from Mar. 2025 (₹83 Mil) to Mar. 2026 (₹20 Mil).

Newmalayalam Steel Construction In Progress Historical Data

* Premium members only.

The historical data trend for Newmalayalam Steel's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Newmalayalam Steel Construction In Progress Chart

Newmalayalam Steel Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial 21.41 2.97 5.35 83.03 20.13

Newmalayalam Steel Semi-Annual Data
Mar25 Sep25 Mar26
Construction In Progress 83.03 - 20.13
NSE:NMSTEEL
13GF Score
Newmalayalam Steel Ltd NSE:NMSTEEL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Newmalayalam Steel Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹20 Mil mean?
Newmalayalam Steel (NSE:NMSTEEL) has a Construction In Progress of ₹20 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Newmalayalam Steel and its competitors.
Is Newmalayalam Steel's Construction In Progress too high?
Newmalayalam Steel's current Construction In Progress is ₹20 Mil. Overall, Newmalayalam Steel has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Newmalayalam Steel's Construction In Progress compare to NUE and STLD?
Newmalayalam Steel's Construction In Progress of ₹20 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Steel company?
A good Construction In Progress depends on the Steel industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Newmalayalam Steel and its competitors. Newmalayalam Steel's current Construction In Progress is ₹20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newmalayalam Steel stock overvalued right now?
Newmalayalam Steel (NSE:NMSTEEL) has a current Construction In Progress of ₹20 Mil. The current Construction In Progress is ₹20 Mil. Newmalayalam Steel's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Newmalayalam Steel (NSE:NMSTEEL), the current Construction In Progress is ₹20 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newmalayalam Steel Business Description

Address Pallipuram P O, Mala, Door No. 2/546/A & 2/546/B, Mala, Thrissur, KL, IND, 680 732
Newmalayalam Steel Ltd is an Indian manufacturer of galvanized steel products based in Kerala. The company produces galvanized pipes, tubes, and sheets, which are primarily used in roofing and construction applications. Its galvanized pipes and tubes are designed for building roofs that reduce heat and prevent leakage, while the galvanization process extends product life by making the steel rust-resistant. This makes its products particularly suited to Kerala's harsh weather conditions, where heavy monsoon rains and humidity cause continuous damage to homes. The company serves customers in the construction and building materials sector, including builders, contractors, and individual homeowners, mainly within Kerala and surrounding regions in southern India. Its revenue is generated through the manufacture and sale of galvanized steel products to distributors, dealers, and direct buyers.
13GF Score

Get the complete analysis for NSE:NMSTEEL

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹22.00
Price