Owais Metal And Mineral Processing Limited (OWAIS)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Owais Metal's revenue was ₹0.0 Cr (-100.0% year on year, -100.0% on the previous half-year), and net profit ₹-24.0 Cr (against a profit a year earlier).
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹0.0 | -100.0% | -100.0% |
| Operating profit | ₹-29.0 | to loss | to loss |
| Net profit | ₹-24.0 | to loss | to loss |
| EPS (₹) | -12.96 | to loss | to loss |
OWAIS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the OWAIS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 93.17%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal. It closed at its upper price band (circuit) on 16 Oct, one of 13 band closes in about the last 20 sessions.
Delivery in the last 5 sessions: 82.7% · 85.9% · 92.2% · 93.3% · 100.0%
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
The Hon'ble NCLT Indore Bench approved the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against Owais Metal and Mineral Processing Limited vide order dated 23-09-2026. The CIRP was initially admitted on 13-08-2026 under Section 7 of the IBC by Hinduja Leyland Finance. Following a One Time Settlement (OTS) Agreement dated 25-08-2026, 96.52% of voting creditors (including Hinduja Leyland Finance with 94.05%) approved the withdrawal under Section 12A. Operational control and board authority have now been fully restored to the company.
- NCLT approved withdrawal of CIRP under Section 12A vide order dated 23-09-2026
- CIRP withdrawal approved by 96.52% of voting creditors (94.05% Hinduja Leyland Finance, 2.47% Canara Bank)
- OTS Agreement executed on 25-08-2026 between the company and primary creditor Hinduja Leyland Finance
- CIRP costs and professional fees paid directly to the IRP by the suspended management
Owais Metal And Mineral Processing Limited held a Board Meeting on September 08, 2026, where it approved seeking an extension for convening its Annual General Meeting (AGM). The board authorized Managing Director Saiyyed Owais Ali and Sayyad Akhtar Ali to file requisite applications and documents with regulatory authorities. No financial or operational updates were included in the announcement.
- Board meeting commenced at 07:30 PM and concluded at 09:40 PM on September 08, 2026
- Approved application for extension of the company's Annual General Meeting
- Authorized Saiyyed Owais Ali and Sayyad Akhtar Ali to execute regulatory filings
The NCLT Indore Bench has admitted an application under Section 7 of the IBC filed by Hinduja Leyland Finance against Owais Metal and Mineral Processing Limited, initiating Corporate Insolvency Resolution Process (CIRP). The insolvency claim alleges a default of ₹117.29 Cr across 8 credit facilities sanctioned in 2024, an amount exceeding the company's net worth of ₹113 Cr. An Interim Resolution Professional (IRP) has been appointed, and a moratorium under Section 14 is in effect. However, company management stated that an amicable settlement has been reached with the creditor, who has filed an application for the withdrawal of insolvency proceedings.
- NCLT Indore Bench admitted Section 7 IBC application on August 13, 2026, received by the company on August 25, 2026.
- Hinduja Leyland Finance claimed default of ₹117,28,79,394.89 against total sanctioned facilities of ₹1,10,00,00,000.
- Mr. Rajesh Lohia has been appointed as the Interim Resolution Professional (IRP) to take charge of the company's management.
- Management clarified that a settlement has been arrived at and the creditor has filed a withdrawal application before the IRP/NCLT.
The Hon'ble NCLT Indore Bench admitted an insolvency application against Owais Metal and Mineral Processing Limited under the IBC, 2016, initiating the Corporate Insolvency Resolution Process (CIRP) vide order dated August 13, 2026 (received on August 25, 2026). However, the management clarified that an amicable settlement has been reached with the concerned creditor. Pursuant to this settlement, the creditor has already filed a requisite withdrawal application before the Interim Resolution Professional (IRP) and NCLT.
- NCLT Indore Bench admitted IBC application on August 13, 2026, commencing CIRP and appointing an IRP.
- The company officially received the certified copy of the NCLT order on August 25, 2026.
- Management reached an amicable settlement with the concerned creditor following the order.
- Creditor has submitted an application for withdrawal of the insolvency proceedings before the IRP/NCLT.
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment: Metal and Mineral Processing. Revenue grew 166.6% YoY from INR 80.05 Cr in FY24 to INR 213.41 Cr in FY25. For H1 FY26 (ended Sept 2025), revenue reached INR 122.62 Cr.
Geographic Revenue Split
Not explicitly disclosed, though operations and offices are located in Ratlam (Madhya Pradesh) and Ajmer/Udaipur (Rajasthan).
Profitability Margins
PAT margins improved from 16% in FY23 to 24% in FY24. The company maintained a robust PAT margin of 22% for the full year FY25 and 20.5% for H1 FY26.
EBITDA Margin
EBITDA margin was 33% in Sept 2024, an improvement from 29% in March 2024, reflecting enhanced operational efficiency.
Capital Expenditure
Historical investment is reflected in depreciation, which increased 74% from INR 1.16 Cr in FY24 to INR 2.02 Cr in FY25, indicating significant additions to plant and machinery.
Credit Rating & Borrowing
Finance costs were INR 1.69 Cr in FY25 compared to INR 1.61 Cr in FY24. Specific credit ratings and interest rate percentages are not disclosed.
Operational Drivers
Raw Materials
Metals and minerals (including manganese processing). Raw materials represent the largest cost component, accounting for 73.8% of revenue in H1 FY26 (INR 90.51 Cr).
Import Sources
Sourced primarily from Rajasthan (Ajmer, Udaipur) and Madhya Pradesh (Ratlam) based on operational locations.
Capacity Expansion
Current capacity in MT is not disclosed; however, the 74% increase in depreciation (to INR 2.02 Cr) suggests a substantial expansion of the manufacturing base in FY25.
Raw Material Costs
Raw material costs were INR 141.33 Cr in FY25, representing 66.2% of total revenue. Costs increased significantly in absolute terms following the 166% revenue jump.
Manufacturing Efficiency
EBITDA margin expansion from 29% to 33% YoY indicates improving manufacturing efficiency and scale benefits.
Strategic Growth
Expected Growth Rate
35%
Growth Strategy
The company aims to achieve growth through leadership in advanced material processing and scaling operations. Revenue has already scaled from INR 4.73 Cr in FY18 to INR 213.41 Cr in FY25, a massive expansion driven by operational scaling and market penetration in the mineral sector.
Products & Services
Processed metals and minerals, specifically advanced material processing for industrial use.
Brand Portfolio
Owais Metal and Mineral Processing.
External Factors
Industry Trends
The industry is seeing a high-growth phase with the company recording a 248% YoY revenue increase in H1 FY25, driven by demand for processed minerals in industrial applications.
Competitive Landscape
Operates in a competitive industry landscape requiring constant innovation and operational discipline.
Competitive Moat
Moat is built on advanced material processing capabilities and rapid scaling. The sustainability is linked to maintaining a 24% margin while turnover grows at triple-digit rates.
Macro Economic Sensitivity
Highly sensitive to industrial demand for metals and minerals and global commodity price cycles.
Consumer Behavior
Industrial B2B demand shifts based on infrastructure and manufacturing output.
Regulatory & Governance
Industry Regulations
Compliant with ICAI Accounting Standards; listed on NSE Emerge platform which exempts the company from IND-AS compliance.
Taxation Policy Impact
Effective tax rate of approximately 21.4% (INR 12.82 Cr tax on INR 59.72 Cr PBT in FY25).
Risk Analysis
Key Uncertainties
Raw material price volatility is the primary risk, given it represents ~74% of costs. Potential impact on PAT could exceed 15-20% if costs spike.
Geographic Concentration Risk
Operations are concentrated in the Madhya Pradesh and Rajasthan regions.
Third Party Dependencies
High dependency on mineral suppliers for consistent raw material quality and pricing.
Technology Obsolescence Risk
Low risk for basic minerals, but 'advanced processing' requires ongoing technical upgrades to maintain competitive margins.
Credit & Counterparty Risk
Trade receivables, payables, and loans/advances are subject to balance confirmations, posing a minor audit/reconciliation risk.
