Shri Hare-Krish. Q2 FY26 Earnings Analysis
Published 14 Aug 2026 | Ferrous Metals | Market Cap: ₹81 Cr
Price
₹37
Market Cap
₹81 Cr
P/E Ratio
13.0
Revenue Rank
Rank 1
Margin Rank
Rank 1
Earnings Summary
FY26 revenues expected to grow 20-25% over FY25. FY27 revenue is expected to be INR160 crores, a 60-70% increase compared to FY25.
📊 Revenue & Sales Performance
Rank 1- →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.
- →High alloy casting capacity planned around 18,000 metric tons/year, with full utilization anticipated by FY28-29.
- →Expansion backed by internal accruals and some bank borrowing, with limited interest cost increase expected.
📈 Profitability & Margins
Rank 1- →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.
- →Management expects turnover to triple over 3 years compared to FY25, signaling strong long-term growth in earnings and profitability.
- →EPS growth is implied with increased revenues and stable to improving margins due to operational optimization and new product introduction.
🏗️ Capital Expenditure Plans
Yes- →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.
- →Expected financial impact: Revenue anticipated to grow by 60-70% in FY27 versus FY25, reaching around INR160 crores.
- →New product launches aim to replace imports and focus on value-added segments aligned with "Make in India."
💰 Fundraising & Capital Structure
Yes- →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.
- →The existing IPO proceeds seem to be utilized for power plant installation and expansions.
- →Overall, debt may be taken as needed, but no major fundraising plans through equity or additional IPO were disclosed.
📋 Order Book & Pipeline
No informationThe 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.
- The high alloy casting capacity is planned at 18,000 metric tons per year, with full utilization expected by FY28-29.
- The company anticipates a significant increase in turnover, tripling by FY27-28, indicating strong market demand and order inflows.
No direct figures or order book size was disclosed.
Key Metrics
Revenue
Rank 1
Margin
Rank 1
Capex
Yes
Fundraise
Yes
Order Book
No information
Frequently Asked Questions
What were Shri Hare-Krish. 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-Krish. share price analysis?
Shri Hare-Krish. 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-Krish. 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.
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.