Shri Hare-Krishna Sponge Iron Ltd

Q2 FY26Ferrous Metals

Shri Hare-Krishna Sponge Iron Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹34

Market cap₹81 Cr

P/E13.0

Updated23 Aug 2026

Read4 min read

What the Q2 FY26 call signalled

4 of 4 strong

RevenueStrong growth

MarginMargins up

CapexCapex planned

FundraiseFundraise planned

The short version

FY26 revenues expected to grow 20-25% over FY25. FY27 revenue is expected to be INR160 crores, a 60-70% increase compared to FY25.

From Shri Hare-Krishna Sponge Iron Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Strong growth

FY26 revenues expected to grow 20-25% over FY25.
FY27 revenues projected at INR 160 crores, a 60-70% increase compared to FY25.
Post FY27, sales expected to triple relative to FY25 within three years.
Casting division to start production by May/June 2026, targeting INR 60-70 crores revenue in the first year.
New high alloy casting products (tooth points, grinding media, chain links) to contribute significantly.
Sponge iron capacity currently at 36,050 metric tons with ~84% utilization.

2 more points management made on revenue & sales performance

Profitability & Margins

FY27 revenue is expected to be INR160 crores, a 60-70% increase compared to FY25.
Revenue growth is driven by new segments: high alloy casting (tooth points, grinding media, steel chain links) starting June 2026, induction furnace, and rolling mill starting March-April 2026.
Casting segment expected to generate INR60-70 crores in its first year.
Full utilization of the high alloy casting capacity (18,000 MT) anticipated by FY28-29.
Operating margins projected around 13-14% aided by captive green power generation reducing power costs.
EBITDA and profit margins likely to improve with enhanced turnover and cost efficiencies.

2 more points management made on profitability & margins

See what Shri Hare-Krishna Sponge Iron Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

Shri Hare-Krishna Sponge Iron Limited is undertaking significant capex investments:
Commissioning a captive power plant starting January 2026, using waste hot gases and rice waste to generate green power.
Starting an induction furnace and rolling mill around March-April 2026.
Launching a high alloy casting division (tooth points, grinding media balls, specialized chain links) around May-June 2026.
The high alloy casting capacity is planned at approximately 18,000 metric tons per year.
Capex funding will primarily come from internal resources combined with bank debt; IPO proceeds are not explicitly stated as the main source.

2 more points management made on capital expenditure plans

Top-ranked in Ferrous Metals

Ranked on what management guided this quarter

5x potential

1Indian Metals₹6.6K Cr

Rev 2Mar 3

2Jai Balaji Inds.₹5.9K Cr

Rev 2Mar 3

3₹76.4K Cr

Rev 3Mar 1

4₹8.0K Cr

Rev 3Mar 2

5₹3.1L Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company plans its capex funding from a combination of internal sources and bank borrowings.
Maximum utilization of internal resources such as reserves and surplus is intended.
If additional funds are required, the company may take some bank debt.
Interest cost is expected to not rise significantly as internal resources will be primarily used.
There was no explicit mention of new equity fundraising or another IPO during the call.

2 more points management made on fundraising & capital structure

See what Shri Hare-Krishna Sponge Iron Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention specific details about the current or expected order book or pending orders for Shri Hare-Krishna Sponge Iron Limited. However, some relevant points can be summarized: - The company is launching a unique product (high alloy casting, including tooth points) expected to substitute imports, indicating ongoing customer engagement. - They have already negotiated with customers for new products and plan to showcase them at the upcoming IMTEX/Excon event in Bangalore (December 9-13, 2025), suggesting anticipated orders. - The expected revenue from the new casting segment in the first year (FY26-27) is INR 60-70 crores.

2 more points management made on order book & pipeline

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Frequently Asked Questions

What were Shri Hare-Krishna Sponge Iron Ltd Q2 FY26 results?

FY26 revenues expected to grow 20-25% over FY25. FY27 revenue is expected to be INR160 crores, a 60-70% increase compared to FY25.

What is Shri Hare-Krishna Sponge Iron Ltd share price analysis?

Shri Hare-Krishna Sponge Iron Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 13.0 with a market cap of ₹81 Cr. Investors should review the full earnings analysis for detailed insights.

Is Shri Hare-Krishna Sponge Iron Ltd planning capital expenditure?

Shri Hare-Krishna Sponge Iron Limited is undertaking significant capex investments: - Commissioning a captive power plant starting January 2026, using waste hot gases and rice waste to generate green power.

Keep Shri Hare-Krishna Sponge Iron Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.