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Hisar Metal Inds Overview

1. Business Overview

Hisar Metal Industries Ltd. operates in the Steel & Iron Products sector in India. The company is primarily engaged in the manufacturing and trading of various steel and iron products. While specific product details are not provided, companies in this industry typically produce items such as steel billets, ingots, bars, rods, sheets, pipes, and wires, catering to diverse industrial and construction needs. The company makes money by selling these manufactured and traded products to its customers, which usually include construction companies, infrastructure developers, manufacturers, and other industrial clients.

2. Key Segments / Revenue Mix

Based on the provided information, Hisar Metal Industries Ltd. operates predominantly within a single overarching segment: "Steel & Iron Products." Without access to financial statements or specific company reports, a detailed breakdown of revenue contribution from different product categories (e.g., long products vs. flat products, specific alloy steels) or customer types is not publicly available.

3. Industry & Positioning

The Indian steel and iron industry is large, capital-intensive, and cyclical, characterized by both large integrated players and numerous smaller, regional, or specialized manufacturers. Demand is closely tied to economic growth, infrastructure development, real estate, and manufacturing activity. Hisar Metal Industries Ltd., while not one of the dominant national players, likely competes as a regional or specialized manufacturer/trader. Its positioning would be against other medium to small-sized steel producers and traders, focusing on specific regional markets, product niches, or customer segments where it can offer competitive pricing, product quality, or service.

4. Competitive Advantage (Moat)

For a company of its likely scale in the highly competitive steel industry, a strong and durable competitive advantage is challenging to establish. Potential moats, if any, could include:

Regional Cost Advantage: Proximity to raw material sources or key customer markets, leading to lower logistics costs.

Niche Product Specialization: Expertise in producing specific types of steel or iron products that require specialized manufacturing processes or cater to a specialized market.

Established Customer Relationships: Long-standing relationships and trust built with a loyal customer base over time, ensuring repeat business.

However, without specific company details, it's inferred that scale and brand are unlikely to be significant moats for a company of this nature compared to industry giants.

5. Growth Drivers

Infrastructure Development: Continued government spending and focus on infrastructure projects (roads, railways, urban development) in India will drive significant demand for steel and iron products.

Real Estate & Construction: Growth in residential, commercial, and industrial construction due to urbanization and economic development will fuel demand.

Manufacturing Sector Growth: Expansion in key end-user industries such as automotive, machinery, and capital goods, which rely heavily on steel as a raw material.

Capacity Utilization & Expansion: Optimized use of existing production capacity and strategic expansion into new product lines or increased volumes.

Government Policies: Supportive policies for domestic manufacturing and steel consumption.

6. Risks

Commodity Price Volatility: Fluctuations in the prices of key raw materials like iron ore, coking coal, and energy can significantly impact profitability.

Cyclicality of Demand: The steel industry is highly cyclical, with demand closely correlated with overall economic conditions, making it vulnerable to economic downturns.

Intense Competition: Competition from larger, integrated domestic players and potentially imported steel products can exert pressure on pricing and market share.

Regulatory & Environmental Compliance: Increasingly stringent environmental regulations and changing trade policies (tariffs, anti-dumping duties) can impose additional costs and operational constraints.

Capital Intensive Nature: High capital expenditure requirements for maintaining and upgrading facilities can strain financial resources, especially during lean periods.

7. Management & Ownership

Hisar Metal Industries Ltd. is typically a promoter-led company, which is common in India's industrial landscape. The promoters, often founding families or groups, hold a significant stake and usually play a direct role in the strategic direction and operational management of the company. Specific details regarding the management team's experience, board structure, or exact ownership breakdown (e.g., promoter holding, institutional investor holding, public float) are not available without access to detailed company filings.

8. Outlook

The outlook for Hisar Metal Industries Ltd. is largely tied to the broader economic performance of India and the dynamics of the domestic steel sector. The company could benefit from strong government impetus on infrastructure, urbanization trends, and a growing manufacturing base, which are all significant drivers for steel demand. However, it faces inherent challenges stemming from the cyclical nature of the industry, intense competition, and volatility in raw material prices. Its ability to navigate these market forces, manage operational efficiencies, and potentially carve out specific niches or regional advantages will be crucial for sustained performance. The company's performance will be a reflection of its execution capabilities within a commodity-driven and capital-intensive environment.

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Hisar Metal Inds Key Financials

Market Cap ₹80 Cr.

Stock P/E 25.1

P/B 1.2

Current Price ₹147.5

Book Value ₹ 121.2

Face Value 10

52W High ₹228

Dividend Yield 0.68%

52W Low ₹ 117.7

Hisar Metal Inds Share Price

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Volume
Price

Hisar Metal Inds Quarterly Price

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Hisar Metal Inds Peer Comparison

Hisar Metal Inds Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 65 53 61 64 65 57 59 62 60 68
Other Income 0 0 1 -0 0 0 1 0 0 0
Total Income 65 53 61 64 65 57 60 62 60 68
Total Expenditure 61 49 58 60 61 54 54 59 56 65
Operating Profit 5 4 4 4 4 3 5 3 4 4
Interest 1 1 2 2 2 1 4 2 2 1
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 2 1 1 2 1 1 1 1 2
Provision for Tax 1 1 0 0 0 0 0 0 0 0
Profit After Tax 2 2 1 1 1 1 0 0 1 1
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 2 1 1 1 1 0 0 1 1
Adjusted Earnings Per Share 3.9 2.8 2 1.6 2.1 1.5 0.7 0.8 1.6 2.5

Hisar Metal Inds Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 224 176 161 231 208 178 153 237 276 242 245 249
Other Income 0 0 1 0 1 0 0 2 1 1 1 1
Total Income 224 176 162 231 209 178 153 238 277 242 246 250
Total Expenditure 213 167 151 215 195 166 138 215 254 225 230 234
Operating Profit 11 9 10 16 14 13 15 23 23 17 16 16
Interest 8 6 5 7 5 5 5 5 6 6 9 9
Depreciation 2 2 2 2 2 2 2 2 2 2 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 1 4 7 7 5 8 16 16 8 4 5
Provision for Tax 1 0 1 2 2 1 2 4 5 2 1 0
Profit After Tax 1 0 3 5 5 4 5 12 11 6 3 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 3 5 5 4 5 12 11 6 3 2
Adjusted Earnings Per Share 2.5 0.7 4.9 9.2 9.9 7.2 10 22.3 20.3 12 5.9 5.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 1% 7% 1%
Operating Profit CAGR -6% -11% 4% 4%
PAT CAGR -50% -37% -6% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -28% 2% 5% 24%
ROE Average 5% 13% 18% 17%
ROCE Average 9% 13% 15% 14%

Hisar Metal Inds Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 13 13 15 19 24 27 32 44 54 60 63
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 8 9 11 11 18 21 20 19 18 20 21
Other Non-Current Liabilities 2 2 3 3 3 3 3 3 4 4 4
Total Current Liabilities 71 56 58 72 70 49 81 70 69 86 78
Total Liabilities 94 80 87 106 115 100 136 137 145 170 166
Fixed Assets 15 20 20 22 24 22 21 19 19 25 29
Other Non-Current Assets 7 3 2 2 1 1 2 2 9 6 6
Total Current Assets 72 57 65 83 90 77 113 115 118 139 130
Total Assets 94 80 87 106 115 100 136 137 145 170 166

Hisar Metal Inds Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 4 4 4 5 5 6 3 3 4 5 4
Cash Flow from Operating Activities -6 20 7 9 12 4 9 6 15 10 13
Cash Flow from Investing Activities -5 -1 -6 -3 -3 -1 -2 1 -8 -5 -6
Cash Flow from Financing Activities 11 -19 1 -7 -8 -6 -7 -6 -7 -5 -8
Net Cash Inflow / Outflow 0 -0 2 -0 1 -3 0 1 1 -0 -0
Closing Cash & Cash Equivalent 4 4 5 5 6 3 3 4 5 4 4

Hisar Metal Inds Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.46 0.72 4.88 9.19 9.86 7.24 10.01 22.33 20.28 11.97 5.88
CEPS(Rs) 5.25 3.87 8.25 12.61 13.73 11.52 13.99 26.27 24.3 16.19 10.94
DPS(Rs) 1 0.67 1 1 1 1 1 1 1 1 1
Book NAV/Share(Rs) 24.36 24.27 27.95 35.94 44.6 50.84 59.85 81.18 100.46 111.44 116.32
Core EBITDA Margin(%) 4.39 4.3 5.41 6.61 6.16 6.88 9.53 9.06 8.14 6.68 6.1
EBIT Margin(%) 3.89 3.52 4.68 5.95 5.74 5.73 8.32 8.95 7.64 6.11 5.28
Pre Tax Margin(%) 0.82 0.36 2.13 3.08 3.37 2.82 5.07 6.86 5.64 3.46 1.75
PAT Margin (%) 0.53 0.2 1.46 2.1 2.57 2.2 3.54 5.1 3.97 2.68 1.3
Cash Profit Margin (%) 1.13 1.06 2.47 2.88 3.57 3.5 4.94 6 4.75 3.62 2.41
ROA(%) 1.47 0.45 3.16 5.15 4.83 3.64 4.57 8.84 7.78 4.11 1.9
ROE(%) 10.46 2.95 18.7 28.77 24.49 15.18 18.09 31.67 22.33 11.3 5.17
ROCE(%) 13.07 8.97 11.22 17.24 13.97 11.51 13.74 20.87 18.25 11.19 9.44
Receivable days 55.78 65.19 58.94 52.44 69.11 70.73 83.43 67.44 62.63 74.36 78.3
Inventory Days 34.18 40.08 44.68 44.1 65.52 83.58 124.96 93.27 74.59 91.99 97.39
Payable days 20.93 9.64 5.61 16.81 42.15 35.14 65.23 56.69 29.92 34.86 41.96
PER(x) 6.48 23.27 10.03 7.29 4.29 5.52 11.28 5.5 6.17 14.46 35.13
Price/Book(x) 0.65 0.69 1.75 1.86 0.95 0.79 1.89 1.51 1.25 1.55 1.78
Dividend Yield(%) 4.18 3.99 2.04 1.49 2.36 2.5 0.89 0.81 0.8 0.58 0.48
EV/Net Sales(x) 0.34 0.36 0.53 0.41 0.38 0.46 0.78 0.54 0.48 0.7 0.73
EV/Core EBITDA(x) 6.66 7.34 8.32 6 5.66 6.5 8.07 5.44 5.64 9.97 11.37
Net Sales Growth(%) 5.88 -21.34 -8.39 43.16 -10.06 -14.31 -14.08 54.83 16.67 -12.51 1.38
EBIT Growth(%) 20.67 -28.81 21.52 66.64 -15.26 -14.5 24.68 66.7 -0.39 -30.12 -12.26
PAT Growth(%) 7.7 -70.83 580.56 88.2 7.28 -26.57 38.26 123.02 -9.17 -40.96 -50.86
EPS Growth(%) 7.7 -70.83 580.59 88.2 7.28 -26.57 38.26 123.02 -9.17 -40.96 -50.86
Debt/Equity(x) 5.36 4.43 4.25 3.33 2.6 2.29 1.93 1.47 1.26 1.34 1.12
Current Ratio(x) 1.02 1.03 1.12 1.15 1.29 1.56 1.39 1.64 1.71 1.61 1.68
Quick Ratio(x) 0.72 0.64 0.73 0.67 0.72 0.71 0.62 0.81 0.91 0.83 0.86
Interest Cover(x) 1.27 1.11 1.83 2.07 2.42 1.97 2.57 4.27 3.81 2.31 1.49
Total Debt/Mcap(x) 8.19 6.44 2.42 1.78 2.74 2.91 1.02 0.97 1.01 0.86 0.63

Hisar Metal Inds Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 61.02 61.02 61.21 61.21 61.21 61.21 61.21 61.21 61.21 61.2
FII 0.24 0.36 0.25 0.24 0.24 0.24 0 0 0 0
DII 0 0 0 0 0 0 0.24 0 0 0
Public 38.74 38.62 38.53 38.55 38.55 38.55 38.55 38.79 38.79 38.8
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Hisar Metal Inds News

Hisar Metal Inds Pros & Cons

Pros

Cons

  • Company has a low return on equity of 13% over the last 3 years.
  • Debtor days have increased from 34.86 to 41.96days.
  • The company has delivered a poor profit growth of -5% over past five years.
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