Innomet Advanced Materials Ltd Q4 FY26 Results & Concall Highlights: Revenue ₹53.86 Cr
Published 9 Jun 2026 | Diversified Metals | Market Cap: ₹272 Cr
FY26 revenue grew strongly by 66% year-on-year to ₹53.86 crore, driven by higher volumes in Metal Powders and Tungsten Heavy Alloys and exports. FY26 revenue grew 66% YoY to ₹53.86 crore; FY27 order book already exceeds ₹35.99 crore, over half of FY26 revenue, indicating strong visibility for growth.
From Innomet Advanced Materials Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹232
Market Cap
₹272 Cr
P/E Ratio
173.3
Revenue Rank
Margin Rank
How does Innomet Advanced Materials Ltd rank in Diversified Metals?
Compare Innomet Advanced Materials Ltd against every Diversified Metals company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 1- →FY26 revenue grew strongly by 66% year-on-year to ₹53.86 crore, driven by higher volumes in Metal Powders and Tungsten Heavy Alloys and exports.
- →Order book crossed ₹35.99 crore early in FY27, already more than half of FY26 revenue, indicating strong near-term growth visibility.
- →Tungsten Heavy Alloy division shows significant growth potential, with 70-80% of current orders from this segment.
- →Exports have doubled and contribute increasingly to revenues (18.3% in FY26), with significant international orders, especially from Israel.
- →Capacity expansions planned: metal powder capacity set to increase from 50 to 75-100 tons/month, tungsten heavy alloy capacity increased from 1.5 to 5 tons/month.
- →Management targets crossing ₹100 crore revenue medium-term without major capex.
- →Expectation of more than 35-40% growth in FY27 revenue.
- →Emerging opportunities in advanced materials, hydrogen tech, aerospace, and defence sectors expected to drive longer-term growth.
📈 Profitability & Margins
Rank 3- →FY26 revenue grew 66% YoY to ₹53.86 crore; FY27 order book already exceeds ₹35.99 crore, over half of FY26 revenue, indicating strong visibility for growth.
- →Management expects much higher than 35-40% growth in FY27 revenue.
- →Tungsten Heavy Alloy segment seeing a serious spike, with 70-80% of current ₹37.5 crore order book from this segment.
- →EBITDA margins expected to improve beyond 20%, especially in Tungsten Heavy Alloys.
- →FY26 EBITDA margin was 10.4%, affected by sharp raw material price increases and higher business development expenses; expecting improvement going forward.
- →Acquisition of Swastik Tungsten and capacity expansions to drive growth without significant additional capex.
- →Emerging opportunities in strategic materials, hydrogen technologies and advanced engineering likely to contribute in medium term.
- →Overall, company transitioning from capability creation to capability monetization, confident of sustained long-term growth and value creation.
🏗️ Capital Expenditure Plans
Yes- →For FY27 and FY28, no significant capex plans yet; focus is on building redundancy and automation, especially in the tungsten heavy division to support growing orders and avoid operational disruptions.
- →Upgrading existing gas atomization capacity from 10 kg to 50 kg in the next 1-2 weeks for commercial production.
- →The DRDO-supported advanced inert gas atomization facility project (with ₹8.73 crore sanctioned outlay) is ongoing, expected to produce 200-250 tonnes of clean metal powders annually, with a projected timeframe of about 1 to 1.5 years for trials and commercial operation.
- →Strategic focus on backward integration via acquisition of Swastik Tungsten to strengthen supply chain security and growth potential without immediate plans to increase stake.
- →Investments in manufacturing capabilities, certifications, technology, and international marketing continue as part of long-term growth and global positioning.
💰 Fundraising & Capital Structure
No information- →There is no explicit mention of any new fundraising through debt or equity in the provided transcript.
- →The promoter shareholding increased only slightly by 0.25% recently, with no major equity raises reported. Future increases in promoter holding are indicated as possible due to confidence in the company.
- →Capex plans for FY27 and FY28 are modest, mainly for redundancy and automation, with no significant spending announced, suggesting no immediate need for large fundraising.
- →The company is focused on strategic growth through internal cash accruals and operational scaling rather than fresh equity or debt.
- →Any follow-up or specific fundraising initiatives were not disclosed or discussed in the Q&A or management commentary.
📋 Order Book & Pipeline
Yes- →Current order book is approximately ₹37.5 crores.
- →Around 70-80% of the current order book comes from the Tungsten Heavy Alloy (THA) division.
- →Export revenue constitutes about 77% of the order book.
- →Metal powder orders are recurring monthly but not always reported as large lump sums.
- →The company expects to deliver most of the current order book within the first half of the financial year.
- →Strong exports and orders from Israel are driving the significant increase in order book size.
- →Orders from Indian companies are still in negotiation stages on increased pricing.
- →Metal powder capacity utilization is near full capacity (currently 40-42 tons out of 50 tons/month), with plans to expand to 75-100 tons per month soon.
- →Tungsten Heavy Alloy capacity increased to 5 tons per month with orders growing steadily.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Innomet Advanced Materials Ltd Q4 FY26 results?
FY26 revenue grew strongly by 66% year-on-year to ₹53.86 crore, driven by higher volumes in Metal Powders and Tungsten Heavy Alloys and exports. FY26 revenue grew 66% YoY to ₹53.86 crore; FY27 order book already exceeds ₹35.99 crore, over half of FY26 revenue, indicating strong visibility for growth.
What is Innomet Advanced Materials Ltd share price analysis?
Innomet Advanced Materials Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 173.2 with a market cap of ₹272 Cr. Investors should review the full earnings analysis for detailed insights.
Is Innomet Advanced Materials Ltd planning capital expenditure?
For FY27 and FY28, no significant capex plans yet; focus is on building redundancy and automation, especially in the tungsten heavy division to support growing orders and avoid operational disruptions.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.