Innomet Advanced Materials Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹358 Cr
- P/E
- 227.76
- ROE
- 3.73%
- PEG
- -10.70
- Price to sales
- 6.64
- Debt to equity
- 0.35
- 52W high / low
- ₹292 / ₹65.7
- Sales growth (5Y)
- 34.34%
- EBITDA margin
- 10.41%
- Net profit margin
- 2.92%
- Promoter holding
- 55.02%
- Sales (last year)
- ₹54 Cr
Incorporated in 1984, Innomet Advanced Materials Ltd is a manufacturer of specialty powder metallurgy products[1]
Guidance scorecard · Q4 FY26 call
What Innomet Advanced Materials Ltd's management guided
and where it ranks in Diversified Metals
Diversified Metals
RevenueQ4 FY26 call
40%+- 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.
2 more points from Innomet Advanced Materials Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Innomet Advanced Materials Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- 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…
2 more points from Innomet Advanced Materials Ltd's call on capex
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FundraisingQ4 FY26 call
See what Innomet Advanced Materials Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- 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.
- 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.
2 more points from Innomet Advanced Materials Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Diversified Metals
on management's own guidance
- Pondy Oxides & Chemicals LtdGood growth2
- 1
- Jain Resource Recycling LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Diversified Metals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Innomet AdvancedThis stock | 40%+ | Flat | ₹360 Cr | 228.7 |
| 2 | Pondy Oxides & Chemicals Ltd | 20–40% | Up 2%+ | ₹3,278 Cr | 22.1 |
| 3 | Jain Resource Recycling Ltd | 20–40% | Up 0–2% | ₹10,001 Cr | 27.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Diversified Metals rankingFinancials of Innomet Advanced Materials Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Innomet Advanced Materials Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Innomet Advanced Materials Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 12.30 | 22.18 | 23.29 | 24.90 | 32.52 | 53.86 |
| Expenses + | 11.18 | 20.49 | 17.56 | 20.54 | 27.47 | 48.26 |
| Operating Profit | 1.12 | 1.69 | 5.73 | 4.36 | 5.05 | 5.60 |
| OPM % | 9.11% | 7.62% | 24.60% | 17.51% | 15.53% | 10.40% |
| Other Income + | 0.09 | 0.02 | 0.02 | 0.59 | 0.39 | 0.32 |
| Interest | 0.71 | 0.84 | 0.95 | 1.30 | 1.00 | 0.85 |
| Depreciation | 0.30 | 0.32 | 0.44 | 0.39 | 1.84 | 2.67 |
| Profit before tax | 0.20 | 0.55 | 4.36 | 3.26 | 2.60 | 2.40 |
| Tax % | 0.00% | 0.00% | 26.15% | 22.70% | 28.46% | 34.58% |
| Net Profit + | 0.20 | 0.55 | 3.22 | 2.52 | 1.87 | 1.57 |
| EPS in Rs | 1.06 | 1.91 | 11.17 | 2.65 | 1.45 | 1.21 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Innomet Advanced Materials Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.88 | 2.88 | 2.88 | 9.52 | 12.94 | 12.94 |
| Reserves | 0.42 | 0.91 | 4.18 | 5.20 | 28.38 | 29.96 |
| Borrowings + | 7.87 | 9.82 | 12.10 | 13.31 | 15.23 | 14.99 |
| Other Liabilities + | 2.24 | 2.28 | 3.41 | 5.99 | 4.54 | 4.03 |
| Total Liabilities | 12.41 | 15.89 | 22.57 | 34.02 | 61.09 | 61.92 |
| Fixed Assets + | 3.14 | 3.12 | 3.44 | 15.46 | 19.20 | 21.59 |
| CWIP | 0.00 | 2.19 | 6.14 | 0.41 | 1.83 | 0.53 |
| Investments | 0.06 | 0.10 | 0.17 | 0.00 | 0.00 | 0.06 |
| Other Assets + | 9.21 | 10.48 | 12.82 | 18.15 | 40.06 | 39.74 |
| Total Assets | 12.41 | 15.89 | 22.57 | 34.02 | 61.09 | 61.92 |
Financials of Innomet Advanced Materials Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0.13 | -0.18 | 3.53 | 2.62 | -18.47 | 9.26 |
| Cash from Investing Activity + | -0.69 | -2.72 | -4.72 | -6.09 | -8.42 | -8.01 |
| Cash from Financing Activity + | 0.80 | 2.88 | 1.18 | 3.47 | 26.99 | 1.39 |
| Net Cash Flow | -0.02 | -0.01 | -0.01 | 0.01 | 0.10 | 2.64 |
| Free Cash Flow | -0.82 | -2.66 | -1.18 | -4.07 | -25.46 | 5.50 |
| CFO/OP | -12% | -11% | 62% | 60% | -357% | 177% |
Financials of Innomet Advanced Materials Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 38.87 | 25.84 | 24.13 | 51.60 | 71.38 | 74.55 |
| Inventory Days | 311.68 | 181.10 | 252.18 | 261.74 | 252.13 | 131.25 |
| Days Payable | 81.83 | 48.01 | 45.35 | 68.84 | 58.45 | 16.25 |
| Cash Conversion Cycle | 268.72 | 158.92 | 230.97 | 244.50 | 265.06 | 189.55 |
| Working Capital Days | 73.89 | 56.61 | 75.70 | 95.43 | 283.74 | 142.38 |
| ROCE % | 11.69% | 32.41% | 19.33% | 8.51% | 5.68% |
Guidance history
How Innomet Advanced Materials Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | — | Rising |
| Q2 FY26 call → | 20–40% | Flat | None planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Innomet Advanced Materials Ltd's management said in earlier quarters
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