Kathmandu: Four companies under the Keyal Group of Companies recorded combined revenue of more than Rs 10.31 billion in the last fiscal year, reflecting strong growth across most of its steel businesses.
The group’s key subsidiaries, Narayani Strips Pvt Ltd, Narayani Steels Pvt Ltd, Narayani Rolling Mills Pvt Ltd and Shree Krishna Steel Industries Pvt Ltd, together generated Rs 10.31 billion in revenue during the previous fiscal year. The group has also secured credit ratings totaling Rs 10.14 billion for both long-term and short-term borrowings through these four entities.
Narayani Strips emerged as the largest contributor, posting revenue of Rs 3.92 billion, up 14 percent year-on-year. The company had recorded Rs 3.43 billion in 2024 and Rs 3.34 billion in 2023.
The revenue growth was driven by higher sales volumes, with 35,607 metric tons sold during the year compared to 27,958 metric tons in 2024.
Despite higher sales, its net profit margin declined slightly to 2.52 percent from 2.93 percent a year earlier. Established in 2015, the company manufactures pipes, sheets, slits, ridges and checker plates under the “Narayani” brand, and operates with an annual production capacity of 582,400 metric tons. Chaired by Satyanarayan Keyal, it holds credit ratings of Rs 6.44 billion, including Rs 3.20 billion in long-term and Rs 3.24 billion in short-term facilities.
Narayani Rolling Mills reported revenue of Rs 2.87 billion, marking a sharp 38 percent increase from Rs 2.07 billion in 2024. The company had recorded Rs 2.80 billion in 2023. Net profit rose significantly to Rs 15 million, compared to just NPR 3 million the previous year. Founded in 1992, the company has been producing reinforcement bars, angles and allied steel products since 1995, with an annual production capacity of 48,300 metric tons. It maintains cash reserves of Rs 48 million and has secured credit ratings totaling Rs 1.69 billion.
Narayani Steels posted revenue of Rs 2.58 billion, up 30 percent from Rs 1.98 billion in 2024. The company had reported Rs 2.15 billion in 2023. Net profit climbed to Rs 91 million, while interest expenses declined to Rs 70 million from Rs 112 million the year before.
Established in 2004 and commercially operational since 2018, the company manufactures wire, nails and other steel products, operating at an annual capacity of 65,000 metric tons. It holds credit ratings worth Rs 1.37 billion.
Shree Krishna Steel Industries recorded revenue of Rs 937 million, up 12 percent from Rs 840 million in 2024, though still slightly above its 2023 revenue of Rs 863 million. Despite improved sales, the company remained loss-making, posting a net loss of Rs 37 million, narrower than the Rs 58 million loss recorded the previous year. Established in 1995, it produces pipes, sheets and shutter strips, and has secured credit ratings totalling Rs 633 million.
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