Innomet Advanced Materials Limited (INNOMET)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Innomet Advanced's revenue was ₹30.3 Cr (+69.6% year on year, +28.9% on the previous half-year), and net profit ₹-0.4 Cr (against a profit a year earlier); the operating margin was 4.5%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹30.3 | +69.6% | +28.9% |
| Operating profit | ₹1.4 | -19.2% | -68.3% |
| Net profit | ₹-0.4 | to loss | to loss |
| EPS (₹) | -0.34 | to loss | to loss |
| Operating margin | 4.5% | — | — |
INNOMET delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 95.45% of the INNOMET shares traded on NSE were taken to delivery, against the stock's own 20-session average of 97.15%. That is close to its usual level. It closed at its lower price band (circuit) on 16 Oct, one of 6 band closes in about the last 20 sessions. 2 bulk or block deals were reported in INNOMET in the last 60 days: ₹4 Cr bought and ₹4 Cr sold.
Delivery in the last 5 sessions: 98.4% · 99.5% · 100.0% · 97.9% · 95.5%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 6 Oct | Sell | Venu Madhav Palaparthi | ₹4.12 Cr | ₹275.00 | 150,000 | Bulk |
| 6 Oct | Buy | Suneel Vadlamudi | ₹4.12 Cr | ₹275.00 | 150,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Innomet Advanced Materials has received a purchase order valued at ₹1.15 crore (including freight and IGST) from domestic entity Federal-Mogul Goetze (India) Ltd. The basic taxable value of the order is ₹97.23 lakh for the supply of 'COPPER-INFILTRANT IPL96'. Relative to Innomet's TTM revenue of ₹86 crore, the order is relatively modest at approximately 1.3%. The contract represents ordinary course business with a non-related domestic entity.
- Total PO value of ₹1,15,09,035.60 received on October 13, 2026
- Basic price of order stands at ₹97,23,420.00 with IGST of ₹17,55,615.60
- Order awarded by domestic client Federal-Mogul Goetze (India) Ltd.
- Order represents approximately 1.3% of Innomet's TTM revenue of ₹86 crore
Innomet Advanced Materials has received a purchase order valued at ₹1.15 crore (including freight and IGST) from domestic entity Federal-Mogul Goetze (India) Ltd. The basic taxable value of the order is ₹97.23 lakh for the supply of 'COPPER-INFILTRANT IPL96'. Relative to Innomet's TTM revenue of ₹86 crore, the order is relatively modest at approximately 1.3%. The contract represents ordinary course business with a non-related domestic entity.
- Total PO value of ₹1,15,09,035.60 received on October 13, 2026
- Basic price of order stands at ₹97,23,420.00 with IGST of ₹17,55,615.60
- Order awarded by domestic client Federal-Mogul Goetze (India) Ltd.
- Order represents approximately 1.3% of Innomet's TTM revenue of ₹86 crore
Innomet Advanced Materials has received a purchase order valued at ₹1.17 crore (inclusive of GST and packing) from domestic entity Enar Weld Braze Pvt. Ltd. The order entails the supply of IPCR Grade Copper Powder. The base taxable value stands at ₹99.48 lakh, which represents approximately 1.4% of the company's TTM revenue of ₹86 crore. The contract is executed in the ordinary course of business with no promoter interest.
- Total contract value including GST and packing charges is ₹1,17,38,781.60
- Base product value excluding packing charges is ₹99,27,120.00
- Total GST component amounts to ₹17,90,661.60
- Awarded by domestic entity Enar Weld Braze Pvt. Ltd. on October 09, 2026
Innomet Advanced Materials Limited has received a purchase order valued at ₹68.36 lakh (including GST and packing charges) from Hoganas India Pvt Ltd. The scope involves supplying Copper Powder and CU100 under ordinary course of business. Relative to the company's TTM revenue of ₹86 crore, this order represents less than 1% (<0.8%), making it an incremental operational win rather than a transformative contract.
- Total order value including packing charges and GST is ₹68,36,324.10
- Product value stands at ₹57,79,495.00, packing charges at ₹14,000.00, and GST at ₹10,42,829.10
- Order received on October 08, 2026, from domestic client Hoganas India Pvt Ltd
- Order is for the supply of Copper Powder and CU100 under ordinary course of business
Innomet Advanced Materials has submitted the compliance certificate from Practising Company Secretaries P.S. Rao and Associates under SEBI ICDR Regulations. This follows shareholder approval at the AGM on September 22, 2026, for the preferential issue of 11,92,200 equity share warrants. The filing re-submits the certificate with a working link after earlier technical issues on the company's website. Total issue pricing and aggregate proceeds were not disclosed in this specific intimation.
- Shareholder approval granted on September 22, 2026, for 11,92,200 equity share warrants
- Preferential issue compliance certificate issued by P.S. Rao and Associates under SEBI ICDR Regulations
- Filing made to rectify technical access issues and provide an active website link
Innomet Advanced Materials has obtained a compliance certificate from practicing company secretaries PS Rao and Associates for its preferential issue of 11,92,200 equity share warrants. The warrant issue was previously approved by shareholders via a special resolution at the AGM on September 22, 2026. The certificate confirms adherence to SEBI ICDR Regulations, 2018. Specific warrant pricing and total fundraise amount were not disclosed in the filing.
- Issue of 11,92,200 equity share warrants on a preferential basis
- Shareholder approval obtained via special resolution at AGM on September 22, 2026
- Practicing Company Secretaries PS Rao and Associates certified SEBI ICDR compliance
Innomet Advanced Materials has received a purchase order from listed auto-component player Federal-Mogul Goetze (India) Ltd. for supplying COPPER-INFILTRANT IPL96. The contract has a net value of ₹98.20 lakh and a gross value of ₹1.16 crore including IGST. Relative to Innomet's TTM revenue of ₹86 crore, this single order represents approximately 1.35% of annual turnover, reflecting a routine client engagement.
- Purchase order received on 30 September 2026 at 18:11 IST from Federal-Mogul Goetze (India) Ltd.
- Gross order value stands at ₹1,15,87,978 including IGST (Net value of ₹98,20,320).
- Product to be supplied is COPPER -INFILTRANT IPL96 in the ordinary course of business.
- Execution timeline to follow the delivery schedule specified in the purchase order.
Innomet Advanced Materials has completed the acquisition of a 57.50% majority stake in Swastik Tungsten Private Limited for ₹1.50 Cr (₹1,50,18,000). The acquisition was executed through a preferential allotment of 5,00,600 equity shares at ₹30 per share (including a ₹20 premium). Swastik, which recently emerged from CIRP under an NCLT-approved resolution plan, has a current turnover of Nil as operations were halted. The strategic move is aimed at securing tungsten metal powder supplies for Innomet's THA unit.
- Acquired 57.50% equity stake (5,00,600 shares) making Swastik Tungsten a subsidiary
- Total cash consideration of ₹1,50,18,000 at ₹30 per share
- Target entity turnover is Nil following CIRP, with business operations previously halted
- Resolution applicant holds remaining 42.50% with a 3-year lock-in period
Innomet Advanced Materials submitted voting results and the Scrutinizer's report for its 7th Annual General Meeting held on September 22, 2026. Shareholders approved all agenda items, including an ordinary resolution for material related-party transactions (RPT) with Swastik Tungsten Private Limited up to ₹50,00,00,000 (acquisition in progress). Additionally, an RPT with Keerthi Enterprises up to ₹6,00,00,000 was approved. Total turnout across all resolutions varied, with promoters abstaining from interested resolutions.
- Shareholders approved material RPT of up to ₹50,00,00,000 with Swastik Tungsten Private Limited (acquisition in progress)
- Approved material RPT with Keerthi Enterprises up to ₹6,00,00,000
- AGM held on September 22, 2026, with remote e-voting held between September 19 and September 21, 2026
- Total shareholder count on record date (September 15, 2026) was 1,264
- Overall turnout for general resolutions stood at 65.19% (84,35,769 votes polled)
Innomet Advanced Materials announced that shareholders approved two director appointments at its 7th AGM based on voting results dated September 23, 2026. Mr. Venkata Sai Kiran Chakravadhanula was appointed as a Non-Executive Independent Director for a 5-year term ending May 22, 2031, bringing extensive R&D and aerospace metallurgy expertise. Additionally, Ms. Sanjna Chowdary Chilakapati, daughter of the MD and CFO, was regularized as a Non-Executive Non-Independent Director. The board changes add technical depth aligned with Innomet's push into aerospace and specialty metal powder markets.
- AGM voting results and scrutinizer's report finalized on September 23, 2026
- Mr. Venkata Sai Kiran Chakravadhanula appointed as Independent Director for a 5-year term from May 23, 2026 to May 22, 2031
- Ms. Sanjna Chowdary Chilakapati regularized as Non-Executive Non-Independent Director after initial board appointment on February 11, 2026
- Independent Director brings aerospace metallurgy background with over 100 peer-reviewed research publications
Innomet Advanced Materials submitted voting results and the Scrutinizer's report for its 7th Annual General Meeting held on September 22, 2026. Shareholders approved all agenda items, including an ordinary resolution for material related-party transactions (RPT) with Swastik Tungsten Private Limited up to ₹50,00,00,000 (acquisition in progress). Additionally, an RPT with Keerthi Enterprises up to ₹6,00,00,000 was approved. Total turnout across all resolutions varied, with promoters abstaining from interested resolutions.
- Shareholders approved material RPT of up to ₹50,00,00,000 with Swastik Tungsten Private Limited (acquisition in progress)
- Approved material RPT with Keerthi Enterprises up to ₹6,00,00,000
- AGM held on September 22, 2026, with remote e-voting held between September 19 and September 21, 2026
- Total shareholder count on record date (September 15, 2026) was 1,264
- Overall turnout for general resolutions stood at 65.19% (84,35,769 votes polled)
Innomet Advanced Materials concluded its 7th Annual General Meeting on September 22, 2026, with 33 members present. Key resolutions tabled for voting included material related-party transactions of up to Rs 50 crore with Swastik Tungsten Private Limited (noting an acquisition is in progress) and up to Rs 6 crore with Keerthi Enterprises. The company also placed resolutions for issuing share warrants on a preferential basis to non-promoters, setting up an ESOP scheme, and enhancing borrowing limits under Section 180(1)(c). The Rs 50 crore related-party transaction is substantial, representing ~58% of its TTM revenue of Rs 86 crore.
- Proposed approval for material related-party transactions with Swastik Tungsten Private Limited up to Rs 50,00,00,000 (~58% of TTM revenue)
- Proposed material related-party transaction with Keerthi Enterprises up to Rs 6,00,00,000
- Tabled approval for the issuance of share warrants on a preferential basis to a non-promoter individual
- Meeting conducted via video conferencing with 33 members present, lasting 24 minutes (11:30 AM to 11:54 AM IST)
Innomet Advanced Materials has secured a domestic purchase order valued at ₹96.66 Lakhs (excluding 18% GST) from ENAR WELD BRAZE PVT. LTD. The contract covers the supply of IPCR Grade Copper Powder with 99.90% purity. Representing approximately 1.1% of Innomet's TTM revenue of ₹86 Cr, this contract falls under the regular course of business. Delivery will be carried out according to the schedule specified in the purchase order.
- Purchase order value stands at ₹96,65,760.00 excluding 18% GST
- Product ordered is IPCR Grade Copper Powder - 325# with 99.90% Purity
- Order received on September 17, 2026, from domestic entity ENAR WELD BRAZE PVT. LTD.
- Order represents roughly 1.1% of the company's TTM revenue of ₹86 Cr
Innomet Advanced Materials has issued a corrigendum to its 7th AGM notice regarding Item No. 12 on the preferential issue of equity share warrants to non-promoter individuals. Following observations from the NSE, the company clarified the pricing formula under SEBI ICDR regulations and Article 14 of its Articles of Association, requiring a Registered Valuer report. It also detailed pre- and post-issue shareholding, reflecting 11,92,200 warrants to be issued alongside 5,00,000 existing warrants, diluting promoter holding from 55.02% to 52.16% on a fully diluted basis.
- AGM scheduled for September 22, 2026 via Video Conferencing
- Clarified pricing methodology under SEBI ICDR Regulation 164(1) and Registered Valuer report requirement
- Warrants proposed to be issued: 11,92,200 to non-promoters (individuals holding >Rs. 2 Lakh capital)
- Post-issue fully diluted share base increases to 1,50,82,338 shares from 1,33,90,138 shares
- Promoter shareholding diluted from 55.02% to 52.16% on full warrant conversion
Innomet Advanced Materials has secured a purchase order from Federal-Mogul Goetze (India) Ltd. for supplying COPPER-INFILTRANT IPL96. The contract carries a net value of ₹94.79 Lakhs and a total gross value of ₹1.12 Cr (₹11,185,054.80 including IGST). Against the company's TTM revenue of ₹86 Cr, this domestic order represents approximately 1.1%-1.3% of annual sales. The order is awarded in the ordinary course of business without any promoter or related-party interest.
- Purchase order received on 09.09.2026 from listed entity Federal-Mogul Goetze (India) Ltd.
- Total order consideration is ₹1,11,85,054.80 inclusive of IGST (net value of ₹94,78,860.00)
- Contract represents ~1.1% of Innomet's TTM revenue of ₹86 Cr
- Scope of supply is COPPER-INFILTRANT IPL96 in the ordinary course of business
Financial Performance
Revenue Growth by Segment
Revenue from operations for H1 FY26 surged to INR 23.53 Cr, representing a 61% YoY growth and 32% sequential growth over H2 FY25. The Tungsten segment has an order book of INR 14 Cr, with 75-80% expected to be executed within FY26.
Geographic Revenue Split
Exports contributed INR 4.2 Cr in H1 FY26, accounting for approximately 17.8% of the total revenue of INR 23.53 Cr.
Profitability Margins
H1 FY26 PAT margin stood at 8.57% (INR 2.02 Cr), an 18% YoY growth. FY25 PAT was INR 2.60 Cr on revenue of INR 32.52 Cr (8% margin), compared to FY23 where PAT margins were higher due to lower depreciation costs.
EBITDA Margin
EBITDA margin for H1 FY26 was 18.1% (INR 4.26 Cr), showing a significant sequential improvement from the 9.5% margin recorded in H2 FY25 due to better operational control and a favorable product mix.
Capital Expenditure
The company undertook significant CapEx right before its 2024 IPO, leading to increased depreciation and amortization costs that impacted recent PAT margins. Specific future INR Cr plans were not disclosed.
Credit Rating & Borrowing
The company has been sanctioned working capital loans in excess of INR 5 Cr from banks/financial institutions. Specific credit ratings and interest rate percentages were not disclosed.
Operational Drivers
Raw Materials
Key raw materials include Tungsten and various metals. Metal prices were noted as highly volatile in H1 FY26, impacting overall profitability.
Capacity Expansion
Recent capital investments have been made to expand capacity, though specific current and planned MTPA figures were not disclosed.
Raw Material Costs
Raw material costs were described as a headwind in H1 FY26 due to high volatility. The company aims to mitigate this by focusing on specialty products with higher value-add.
Manufacturing Efficiency
The company is focusing on increasing volume and improving the product mix to enhance operational control and margins, which rose from 9.5% to 18.1% sequentially.
Strategic Growth
Expected Growth Rate
25-30%
Growth Strategy
Growth will be achieved through a focus on specialty products, increasing manufacturing volumes, and aggressive marketing. The company is targeting high-tech sectors like aerospace and defense where failure is not an option.
Products & Services
Metal powders and Tungsten-based products used in technologically advanced industries.
Brand Portfolio
INNOMET
New Products/Services
Focus on specialty products and value-added product mixes to drive higher turnover and better profitability.
Market Expansion
Aggressive focus on exports (currently INR 4.2 Cr) and expanding the blue-chip client portfolio in aerospace, defense, and energy sectors.
External Factors
Industry Trends
The industry is shifting toward technologically advanced solutions for aerospace, defense, and radiation shielding. Innomet is positioning itself as a solutions provider rather than just a manufacturer.
Competitive Landscape
The company competes in the advanced materials and metal powder industry, focusing on high-spec applications to differentiate from commodity players.
Competitive Moat
Moat is built on stringent international certifications and the ability to supply sectors where 'failure is not an option,' creating high switching costs and entry barriers.
Macro Economic Sensitivity
Highly sensitive to global metal price volatility and demand in the aerospace and defense sectors.
Consumer Behavior
Increased demand for high-performance materials in defense and energy sectors is driving growth.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013 and relevant Accounting Standards (AS 25 for interim reporting). The company maintains stringent international certifications for aerospace and defense.
Environmental Compliance
Sustainability initiatives are core to the operational philosophy, though specific ESG costs were not disclosed.
Legal Contingencies
The company reported no pending litigations that would impact its financial position.
Risk Analysis
Key Uncertainties
Key risks include erratic margins due to raw material price fluctuations and the impact of high depreciation (INR 27.47 Lakhs adjustment) on net profitability.
Geographic Concentration Risk
The company has a domestic focus but is expanding exports, which currently represent ~17.8% of H1 FY26 revenue.
Technology Obsolescence Risk
The company implemented an automated system for preparing and maintaining the fixed assets register in FY25 to improve accuracy.
