HISARMETAL - Hisar Met.Inds.
📢 Recent Corporate Announcements
Hisar Metal Industries reported a total income of ₹75.52 crore for the quarter ended December 31, 2025, marking an 11% growth compared to ₹68.07 crore in the same quarter last year. Net profit for the quarter stood at ₹1.73 crore, a significant 30% increase from ₹1.33 crore YoY, although it saw a slight sequential decline from ₹1.84 crore in Q2 FY26. For the nine-month period ended December 2025, the company's net profit rose to ₹4.85 crore from ₹3.85 crore in the previous year. The basic and diluted EPS for the quarter improved to ₹3.20 from ₹2.46 YoY.
- Total Income for Q3 FY26 rose 11% YoY to ₹75.52 crore from ₹68.07 crore
- Net Profit increased by 30% YoY to ₹1.73 crore compared to ₹1.33 crore in Q3 FY25
- Nine-month Net Profit (Apr-Dec 2025) grew 26% to ₹4.85 crore from ₹3.85 crore
- Quarterly EPS stood at ₹3.20, up from ₹2.46 in the corresponding quarter of the previous year
- Total expenses for the quarter were ₹73.21 crore compared to ₹66.29 crore in the previous year
Hisar Metal Industries Limited has submitted its quarterly compliance certificate for the Structured Digital Database (SDD) for the period ended December 31, 2025. The certificate confirms that the company is in full compliance with SEBI (Prohibition of Insider Trading) Regulations. During the quarter, the company identified one event requiring UPSI (Unpublished Price Sensitive Information) tracking and successfully captured it in their database. No non-compliances were reported, demonstrating sound internal controls regarding sensitive information.
- Successfully captured 1 out of 1 required UPSI events during the quarter ended December 31, 2025
- Maintains a non-tamperable internal database with an audit trail capable of storing records for 8 years
- Zero instances of non-compliance reported by the Practising Company Secretary
- Confirmed compliance with Regulations 3(5) and 3(6) of SEBI (PIT) Regulations, 2015
Hisar Metal Industries Limited has submitted its monthly action taken report for December 2025 regarding the SEBI-mandated Special Window for re-lodging physical share transfer requests. The company reported that zero requests were received, processed, or approved during the month. This special window was established on July 7, 2025, and is set to conclude on January 6, 2026. The filing serves as a routine regulatory update to the stock exchanges with no impact on financial performance.
- Zero (0) requests for physical share transfer re-lodgment were received in December 2025.
- The special window for re-lodgment remains open for a 6-month period ending January 6, 2026.
- Compliance is maintained as per SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97.
- No requests were pending, approved, or rejected during the reporting period.
Hisar Metal Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing pertains to the quarter ended December 31, 2025, and was issued by the company's Registrar and Share Transfer Agent, Skyline Financial Services Private Limited. This certificate confirms that share certificates received for dematerialization were processed, mutilated, and cancelled as per regulatory requirements. This is a standard administrative filing required by all listed entities in India to ensure the integrity of electronic shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent, Skyline Financial Services Private Limited.
- Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Ensures that the names of depositories have been updated in the company's records as registered owners.
Hisar Metal Industries Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of financial results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the results are officially announced. This is a standard regulatory procedure to prevent insider trading during the period when financial performance is being finalized.
- Trading window closure effective from January 1, 2026
- Closure is for the purpose of declaring financial results for the quarter ending December 31, 2025
- Window to reopen 48 hours after the board meeting for results declaration
- Restriction applies to all Designated Persons and their immediate relatives
Hisar Metal Industries Limited has announced an update regarding the Special Window for re-lodgment of transfer requests, as per SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97. The company communicated with shareholders about the opening of this window on July 21, 2025, September 19, 2025, and November 26, 2025. The special window remains open for 6 months, from July 7, 2025, to January 6, 2026. During November 2025, the company received 0 requests and processed 0 requests with an average processing time of 0 days.
- Special window open from July 7, 2025 to January 6, 2026
- 0 requests received during November 2025
- 0 requests processed during November 2025
- Average processing time of 0 days for requests
Financial Performance
Revenue Growth by Segment
Total operating income was INR 153.08 Cr in FY21, representing a 14.05% decline from INR 178.11 Cr in FY20, primarily due to pandemic-related disruptions. The company operates in a single segment: manufacturing of cold rolled stainless steel strips.
Geographic Revenue Split
Not disclosed in available documents. Operations are centered at the manufacturing facility in Hisar, Haryana.
Profitability Margins
The PAT margin improved to 3.53% in FY21 (INR 5.41 Cr) from 2.20% in FY20 (INR 3.91 Cr). This improvement was driven by better operational efficiency and cost management despite lower revenues.
EBITDA Margin
The PBILDT margin increased to 9.50% in FY21 (INR 14.55 Cr) from 6.89% in FY20 (INR 12.27 Cr). Core profitability improved due to a shift in product mix and better absorption of fixed costs.
Capital Expenditure
Capital expenditure for the six months ended September 30, 2025, was INR 0.80 Cr, compared to INR 5.62 Cr for the full year ended March 31, 2025. This spending is directed toward maintaining and upgrading the 19,200 MTPA manufacturing facility.
Credit Rating & Borrowing
The company was rated CARE BB; Stable / CARE A4 (Issuer Not Cooperating) as of July 2020. Total borrowings as of September 30, 2025, stood at INR 68.43 Cr, with an interest coverage ratio of 2.93x in FY21, indicating a moderate ability to service debt.
Operational Drivers
Raw Materials
Stainless steel coils and strips are the primary raw materials, representing the bulk of the manufacturing cost structure.
Import Sources
Not disclosed in available documents, though the company notes a high dependency on its primary suppliers.
Key Suppliers
Not disclosed in available documents, but the company maintains long-term relationships with its suppliers to ensure a constant supply of raw materials.
Capacity Expansion
The current installed capacity is 19,200 MTPA of cold rolled stainless steel strips as of March 31, 2019. No specific expansion timeline is detailed in the provided documents.
Raw Material Costs
Raw material costs are a significant portion of the total cost; margins are highly susceptible to changes in supplier sales policies and global steel price volatility.
Manufacturing Efficiency
The company focuses on job work and thickness reduction of coils; operating profit before working capital changes was INR 9.44 Cr for H1 FY26, reflecting core manufacturing efficiency.
Logistics & Distribution
Not disclosed in available documents, but the company serves a diversified customer base across automotive and electronics sectors, requiring efficient distribution from its Hisar plant.
Strategic Growth
Growth Strategy
The company leverages its 30+ year track record and promoter experience to secure repetitive orders from a diversified customer base. Growth is supported by quasi-equity infusions and established relationships in the automotive and precision instrument sectors.
Products & Services
Cold rolled stainless steel strips used in automotive parts, watches, cameras, clamps, floppy disks, fiber optics, pens, packaging, needles, rings, and thermometers.
Brand Portfolio
Not disclosed in available documents; the company primarily operates in the B2B manufacturing space.
Market Expansion
The company serves a large, diversified customer base to eliminate customer concentration risk, though specific regional expansion plans are not detailed.
Market Share & Ranking
Not disclosed in available documents; the industry is noted as highly fragmented with many organized and unorganized players.
External Factors
Industry Trends
The stainless steel industry is cyclical and highly fragmented. Future growth is driven by demand for precision components in the medical and electronics sectors, where the company's high-quality strips are utilized.
Competitive Landscape
The market is highly competitive with a large number of local unorganized and organized players, leading to intense price competition.
Competitive Moat
The moat is built on a 30-year operational track record and deep promoter expertise (44 years). These established relationships with a diversified customer base provide a sustainable competitive advantage over newer entrants.
Macro Economic Sensitivity
High sensitivity to industrial production and GDP growth, as its products are key inputs for the automotive and consumer electronics industries.
Consumer Behavior
Increased demand for high-precision and durable components in automotive and medical devices supports long-term demand for cold rolled strips.
Geopolitical Risks
Global steel supply chain disruptions or trade barriers could impact the cost and availability of raw material coils.
Regulatory & Governance
Industry Regulations
Operations must comply with manufacturing standards for automotive and medical components, as well as Ind-AS accounting standards for listed entities.
Taxation Policy Impact
The company follows standard Indian corporate tax norms; income tax paid was INR 1.59 Cr in FY25.
Risk Analysis
Key Uncertainties
The primary uncertainties are the inherent cyclicality of the steel industry and the high supplier concentration risk, which could impact margins by up to 2-3% during downturns.
Geographic Concentration Risk
100% of manufacturing operations are concentrated in Hisar, Haryana, creating a regional risk if local disruptions occur.
Third Party Dependencies
High dependency on a limited number of suppliers for raw material coils, making the company vulnerable to supplier-side shocks.
Technology Obsolescence Risk
The cold rolling process is established, but failure to upgrade to more automated or precise machinery could impact long-term competitiveness against larger organized players.
Credit & Counterparty Risk
Trade receivables of INR 47.31 Cr as of September 30, 2025, represent a significant credit exposure to customers in the automotive and electronics sectors.