On 6 Nov 2026, Hisar Metal Industries was priced at ₹146.94, or 16.4× trailing earnings, against an industry P/E of 19.9×, and the shares are 22% below their 52-week high. It earns ROCE of 12% and ROE of 5.3%, and sales and net profit fell 1.7% and 32% a year over 3 years. Its dividend yield is 0.7%, and debt is 1.32× equity. It is a small-cap company with a market cap of ₹79 Cr, ranked 107th of 150 Steel companies by market cap; the shares fell 17% over the past year.
- ₹151.00
- ₹151.00
- ₹146.50
- ₹152.92
- 353
Health check
- ReturnsBehind
−17.0% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 16.4 vs industry 19.9.
- GrowthShrinking
Sales −1.7%, profit −32.4% a year over 3 years.
- ProfitabilityWeak
ROCE 12.0% vs peer median 18.7%.
- Balance sheetFair
Debt 1.32× equity, interest covered 1.7×, Piotroski 7 of 9.
- Red flags2 to check
Return on equity is low at 5.3%.
Small cap
Defensive
Key metrics
- Market cap
- ₹79 Cr
- Small cap
- P/E
- 16.4
- Industry 19.9
- Price to book
- 1.21
- Peers 2.28
- Dividend yield
- 0.68%
- ROE
- 5.3%
- Peers 23.4%
- ROCE
- 12.0%
- Peers 18.7%
- Debt to equity
- 1.32
- Debt ₹87 Cr
- EPS (TTM)
- ₹8.96
- Face value ₹10
- OPM (TTM)
- 5.6%
- Net margin 1.8%
- Sales growth
- +3.7%
- Latest quarter vs a year ago
- Profit growth
- +328.6%
- Latest quarter vs a year ago
- Price to sales
- 0.30
- EV/EBITDA 11.2
Strengths and risks
Strengths
- Quarterly profit up 328.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 5.3%.
- Interest coverage of only 2.0×.
About Hisar Metal Industries
Hisar Metal Industries Limited manufactures and sells cold rolled precision stainless steel strips, stainless steel welded tubes and pipes, and stainless-steel plumbing pipes and fittings in India. It also exports its products. Hisar Metal Industries Limited was incorporated in 1990 and is based in Hisar, India.
- Headquarters
- Hisar
- Employees
- 220
- Sector
- Basic Materials
- ISIN
- INE598C01011
- Website
- hisarmetal.com
Price range
- Avg volume (3M)
- 1.7K
- 1-year return
- minus 17.0%
- From 52-week high
- minus 22.0%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| HISARMETALHisar Metal Industries | 146.94 | minus 3.91% | 79 | 16.4 | 12.8 | 12.0% | 5.6% | 1.32 | −1.7% | minus 17.0% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 62.1 | 59.7 | 68.1 | 72 | 64.4 | |
| 59.4 | 56.1 | 64.6 | 68.8 | 59.9 | |
| 2.7 | 3.6 | 3.5 | 3.2 | 4.5 | |
| 4.3% | 6.0% | 5.2% | 4.5% | 7.0% | |
| 0.2 | 0.2 | 0.3 | 0.6 | 0.1 | |
| 1.7 | 1.9 | 1.3 | 2 | 1.5 | |
| 0.7 | 0.7 | 0.7 | 0.9 | 0.8 | |
| 0.6 | 1.1 | 1.8 | 1.1 | 2.4 | |
| 25.0% | 25.4% | 25.0% | 28.3% | 25.3% | |
| 0.4 | 0.9 | 1.4 | 0.8 | 1.8 | |
| 0.78 | 1.57 | 2.50 | 1.56 | 3.33 |
Profit & loss
- Sales CAGR 3Y
- −1.7%
- Profit CAGR 3Y
- −32.4%
- EPS CAGR 3Y
- −32.4%
- ROE
- 5.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 276 | 241 | 244 | 262 | |
| – | minus 12.4% | +1.1% | +7.2% | |
| 253 | 226 | 230 | 249 | |
| 22.7 | 15.8 | 14.4 | 12.9 | |
| 8.2% | 6.5% | 5.9% | 4.9% | |
| 0.1 | 1.3 | 0.8 | 0.9 | |
| 5 | 6.4 | 8.3 | 6.5 | |
| 2.2 | 2.3 | 2.7 | 2.9 | |
| 0 | – | 0.1 | 0.1 | |
| 15.6 | 8.4 | 4.3 | 4.6 | |
| 29.7% | 22.6% | 25.6% | 25.8% | |
| 11 | 6.5 | 3.2 | 3.4 | |
| – | minus 40.9% | minus 50.9% | +6.5% | |
| 20.28 | 11.98 | 5.88 | 6.27 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.4 | 5.4 | 5.4 | 5.4 | |
| 48.8 | 54.8 | 57.4 | 60.3 | |
| 68.5 | 80.6 | 70.4 | 86.5 | |
| 22.2 | 29 | 32.4 | 11.4 | |
| 145 | 170 | 166 | 164 | |
| 24.7 | 28.5 | 32.3 | 33.7 | |
| 6 | 3.3 | 3.2 | 0.5 | |
| 2.7 | 2.7 | 2.8 | 2.8 | |
| 0.1 | 0.1 | 0.2 | 0.2 | |
| 112 | 135 | 127 | 126 | |
| 145 | 170 | 166 | 164 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.5 | 9.8 | 13.2 | 10.6 | |
| −8 | −5.3 | −5.6 | −3.8 | |
| −6.9 | −4.9 | −8.1 | −6.1 | |
| 0.6 | −0.5 | −0.5 | 0.8 | |
| −8 | −6.1 | −6.6 | −4.5 | |
| 15.5 | 3.7 | 13.2 | 10.6 | |
| −0.5 | −0.5 | −0.5 | −0.5 |
Shareholding pattern
- Promoters61.20%
- Public38.80%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 61.20% | 38.80% | 0.00 | |
| 30 Jun 2026 | 61.20% | 38.80% | 0.00 | |
| 31 Mar 2026 | 61.20% | 38.80% | minus 0.01 | |
| 31 Dec 2025 | 61.21% | 38.79% | 0.00 | |
| 30 Sep 2025 | 61.21% | 38.79% | – |
Major shareholders
Filings & events
News
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