Hira Ferro Alloys Unlisted Shares
Hira Ferro Alloys makes ferro alloys, which steel makers use, at its plant in Urla Industrial Area, Raipur. It also runs thermal, biomass, wind and solar power units, and reported revenue of ₹595.60 crore in FY25.
Read the full company profile
Key facts
Hira Ferro Alloys share details
- Lot size
- 1,000 shares
- Min. investment
- ₹168,000
- Face value
- ₹10
- Implied market cap
- ₹390 Cr
- Shares outstanding
- 23,188,500
- Founded
- 1984
- Headquarters
- Raipur, Chhattisgarh
- Website
- hiraferroalloys.com
- ISIN
- INE573I01011
- CIN
- U27101CT1984PLC005837
- Lock-in after IPO
- 6 months
Price history
Hira Ferro Alloys share price chart
1Y change
+0.00%
High
₹168
Low
₹168
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About
About Hira Ferro Alloys
Hira Ferro Alloys Limited is a Raipur based maker of ferro alloys, the metal additives that steel producers use. The company is registered in Chhattisgarh with its registered office at 567B, Urla Industrial Area, Raipur. Its 41st annual report covers the year ended 31 March 2025.
The business has two parts. Ferro alloy sales brought in ₹528.00 crore of the company's ₹595.60 crore revenue from operations in FY25 (ferro alloy turnover of 52800.33 lakh out of 59560.09 lakh). Sale of power added 6545.28 lakh. The company produced 69667.45 MT of ferro alloys in FY25, against 41637.30 MT in FY24. It generates power at its thermal, biomass, wind and captive solar units, and much of it is used in its own operations.
The numbers below are standalone figures from the audited accounts. Profit after tax was 3076.79 lakh in FY25 against 820.09 lakh in FY24. The company says better price realisation and stronger steel demand drove the jump. Basic earnings per share were ₹13.27. No dividend was declared for FY25.
Hira Ferro Alloys is a subsidiary of Godawari Power and Ispat Limited, which holds 21293738 equity shares, or 91.83% of the company. There are 23188500 equity shares of ₹10 each, plus 11,00,00,000 preference shares. The company has no subsidiary, associate or joint venture of its own. Narayan Prasad Agrawal is the Managing Director.
The company is not listed on a stock exchange and has no IPO listed on IPO Guru. Its unlisted shares trade off-market through dealers, so any price you see is indicative and not an exchange price. The latest indicative price on IPO Guru is ₹168 per share, with a lot size of 1000 shares. Liquidity can be thin, and the price can move without notice.
Strengths
- Revenue from operations rose to 59560.09 lakh in FY25 from 34560.89 lakh in FY24, as ferro alloy turnover grew to 52800.33 lakh.
- Profit after tax was 3076.79 lakh in FY25, up from 820.09 lakh in FY24, and EBITDA (profit before interest, depreciation and tax) was 7610.98 lakh against 3853.65 lakh.
- Cash generated from operating activities was 5536.56 lakh in FY25, higher than the year's profit after tax of 3076.79 lakh.
- Ferro alloy production reached 69667.45 MT in FY25 against 41637.30 MT in FY24, and sales volume was 71639.65 MT.
- The company has its own thermal, biomass, wind and captive solar power plants. The thermal plant alone generated 186100600 units in FY25, which helps with electricity, a major cost for ferro alloys.
- Borrowings fell to 14294.41 lakh at 31 March 2025 from 17075.68 lakh a year earlier, against net worth of 76597.39 lakh.
- The parent, Godawari Power and Ispat Limited, holds 91.83% and has given a corporate guarantee for some of the company's bank facilities.
Risks
- Demand depends on the steel industry. The company credits FY25 profit to demand in steel and better price realisation, so a weak steel cycle would hit sales and margins.
- Profit swings a lot from year to year. Profit after tax was 820.09 lakh in FY24 and 3076.79 lakh in FY25.
- The parent holds 91.83% of the shares, so minority holders have little say in decisions.
- Dealings with the holding company and its group are significant. In FY25 they included purchases of 798.71 lakh and a corporate guarantee commission of 200.52 lakh paid to the parent.
- Total assets of 111282.32 lakh include investments of 43004.98 lakh, so book value and the fair value gains of 6619.62 lakh in other comprehensive income depend on market values of stakes held.
- Inventories of 17102.03 lakh and other current assets of 7224.48 lakh tie up working capital, while cash and cash equivalents were only 3.51 lakh at year end.
- Deferred tax liabilities rose to 8444.54 lakh from 5734.92 lakh, and the balance sheet carries 11,00,00,000 preference shares.
- The shares are unlisted. Trades happen off-market through dealers at indicative prices, with limited liquidity, and there is no confirmed IPO plan on IPO Guru.
Financials
Hira Ferro Alloys financial performance
Revenue, profit and balance-sheet figures by fiscal year.
Revenue & PAT (₹ Cr)
Revenue
PAT
| Metric | FY25Latest | FY24 |
|---|---|---|
| Revenue (₹ Cr) | 596 | 346 |
| EBITDA (₹ Cr) | 76.11 | 38.54 |
| PAT (₹ Cr) | 30.77 | 8.20 |
| EBITDA Margin (%) | 12.78 | 11.15 |
| PAT Margin (%) | 5.17 | 2.37 |
| RoNW (%) | 4.02 | 1.16 |
| EPS (₹) | 13.27 | 3.54 |
| Debt / Equity | 0.19 | 0.24 |
| Total Assets (₹ Cr) | 1,113 | 1,018 |
| Net Worth (₹ Cr) | 766 | 706 |
Swipe the table sideways for earlier years →
Leadership
Management team
Narayan Prasad Agrawal
Managing Director
Commerce graduate with over four decades of experience in ferro alloy plant operations and administration.
Yarra Chandra Rao
Chairman and Non-Executive Director
Chairs the board.
Vinod Pillai
Executive Director
Whole Time Director of the company.
Dilip Chauhan
Chief Financial Officer
Chartered accountant and CFO.
Mohit Chande
Company Secretary
Company secretary and compliance officer.
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Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
