Shri Hare-Krishna Sponge Iron Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹51 Cr
- P/E
- 8.28
- ROE
- 6.88%
- PEG
- -0.51
- Price to sales
- 0.77
- Debt to equity
- 0.27
- 52W high / low
- ₹63.0 / ₹29.0
- Sales growth (5Y)
- 5.72%
- EBITDA margin
- 9.77%
- Net profit margin
- 9.30%
- Promoter holding
- 73.58%
- Sales (last year)
- ₹67 Cr
Incorporated in 2003, Shri Hare-Krishna Sponge Iron Ltd is a diversified, integrated steel and casting manufacturers.[1]
Guidance scorecard · Q2 FY26 call
What Shri Hare-Krishna Sponge Iron Ltd's management guided
and where it ranks in Ferrous Metals
Ferrous Metals
RevenueQ2 FY26 call
40%+- 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 from Shri Hare-Krishna Sponge Iron Ltd's call on revenue
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MarginsQ2 FY26 call
Up 2%+See what Shri Hare-Krishna Sponge Iron Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- 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;
- 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."
FundraisingQ2 FY26 call
PlannedSee what Shri Hare-Krishna Sponge Iron Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
- 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 from Shri Hare-Krishna Sponge Iron 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 Ferrous Metals
on management's own guidance
- Jai Balaji Industries LtdGood growth2
- 1
- Indian Metals & Ferro Alloys LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Ferrous Metals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Shri Hare-Krishna Sponge Iron LtdThis stock | 40%+ | Up 2%+ | ₹59 Cr | 9.4 |
| 2 | Jai Balaji Industries Ltd | 20–40% | Flat | ₹6,599 Cr | 45.1 |
| 3 | Indian Metals & Ferro Alloys Ltd | 20–40% | Flat | ₹6,366 Cr | 12.1 |
| 4 | 10–20% | Up 2%+ | ₹70,612 Cr | 14.6 | |
| 5 | 10–20% | Up 0–2% | ₹7,471 Cr | 19.1 | |
| 6 | 10–20% | Flat | ₹2.97L Cr | 24.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Ferrous Metals rankingFinancials of Shri Hare-Krishna Sponge Iron Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Shri Hare-Krishna Sponge Iron Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Shri Hare-Krishna Sponge Iron Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 50.46 | 82.13 | 94.24 | 82.27 | 80.47 | 81.70 |
| Expenses + | 44.19 | 69.84 | 80.16 | 70.03 | 69.61 | 71.16 |
| Operating Profit | 6.27 | 12.29 | 14.08 | 12.24 | 10.86 | 10.54 |
| OPM % | 12.43% | 14.96% | 14.94% | 14.88% | 13.50% | 12.90% |
| Other Income + | 0.79 | 0.74 | 1.00 | 2.67 | 3.13 | 3.52 |
| Interest | 0.17 | 0.20 | 0.22 | 0.23 | 0.20 | 0.27 |
| Depreciation | 0.37 | 0.65 | 0.61 | 0.99 | 1.42 | 1.28 |
| Profit before tax | 6.52 | 12.18 | 14.25 | 13.69 | 12.37 | 12.51 |
| Tax % | 20.25% | 26.68% | 26.18% | 25.64% | 25.63% | |
| Net Profit + | 5.20 | 8.94 | 10.53 | 10.17 | 9.20 | 9.06 |
| EPS in Rs | 36.82 | 63.31 | 74.57 | 72.02 | 6.52 | 5.54 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Shri Hare-Krishna Sponge Iron Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 14.12 | 14.12 | 14.12 | 14.12 | 14.12 | 19.19 |
| Reserves | 20.64 | 29.57 | 40.10 | 50.27 | 59.47 | 85.94 |
| Borrowings + | 0.75 | 0.75 | 0.75 | 7.24 | 11.39 | 19.66 |
| Other Liabilities + | 4.30 | 3.47 | 3.62 | 4.11 | 8.18 | 4.97 |
| Total Liabilities | 39.81 | 47.91 | 58.59 | 75.74 | 93.16 | 129.76 |
| Fixed Assets + | 4.17 | 3.67 | 3.73 | 8.37 | 8.07 | 9.58 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.85 | 11.58 | 30.29 |
| Investments | 1.02 | 1.25 | 1.99 | 1.99 | 1.99 | 0.00 |
| Other Assets + | 34.62 | 42.99 | 52.87 | 64.53 | 71.52 | 89.89 |
| Total Assets | 39.81 | 47.91 | 58.59 | 75.74 | 93.16 | 129.76 |
Financials of Shri Hare-Krishna Sponge Iron Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 5.72 | 1.52 | 22.84 | 1.42 | 12.93 |
| Cash from Investing Activity + | -0.73 | -4.70 | -16.08 | -15.49 | -20.20 |
| Cash from Financing Activity + | -2.44 | -0.20 | -0.22 | 6.26 | 3.99 |
| Net Cash Flow | 2.55 | -3.39 | 6.54 | -7.81 | -3.28 |
| Free Cash Flow | 4.99 | 1.37 | 22.17 | -5.09 | -5.05 |
| CFO/OP | 104% | 36% | 191% | 35% | 158% |
Financials of Shri Hare-Krishna Sponge Iron Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 14.61 | 0.27 | 0.23 | 0.00 | 0.05 |
| Inventory Days | 85.39 | 76.11 | 45.16 | 72.61 | 59.61 |
| Days Payable | 9.97 | 5.82 | 3.54 | 4.43 | 6.25 |
| Cash Conversion Cycle | 90.03 | 70.56 | 41.85 | 68.18 | 53.41 |
| Working Capital Days | 94.03 | 91.06 | 33.39 | 39.13 | 33.61 |
| ROCE % | 30.97% | 29.11% | 21.99% | 16.05% |
Continue your research
What Shri Hare-Krishna Sponge Iron Ltd's management said in earlier quarters
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