Aankondiging • Aug 06
Kirloskar Ferrous Industries Limited (BSE:500245) completed the acquisition of 23.7% stake in ISMT Limited (BSE:532479) from its shareholders. Kirloskar Ferrous Industries Limited (BSE:500245) agreed to acquire the remaining 23.7% stake in ISMT Limited (BSE:532479) from its shareholders on November 5, 2022. Kirloskar Ferrous Industries Limited will issue 17 shares for every 100 shares of ISMT Limited. The transaction is subject to shareholder approval of both Kirloskar Ferrous Industries and ISMT Limited, approval from the Hon’ble National Company Law Tribunal, Stock Exchanges, the Securities and Exchange Board of India, and creditors. The transaction has been approved by both the board of Kirloskar Ferrous Industries and ISMT Limited. The transaction is expected to close on April 1, 2023. JM Financial Limited (BSE:523405) provided fairness opinion to Kirloskar Ferrous Industries Limited.
Kirloskar Ferrous Industries Limited (BSE:500245) completed the acquisition of 23.7% stake in ISMT Limited (BSE:532479) from its shareholders on August 1, 2024. Reported Earnings • Jul 30
First quarter 2025 earnings released: EPS: ₹0.97 (vs ₹1.35 in 1Q 2024) First quarter 2025 results: EPS: ₹0.97 (down from ₹1.35 in 1Q 2024). Revenue: ₹5.82b (down 11% from 1Q 2024). Net income: ₹291.3m (down 28% from 1Q 2024). Profit margin: 5.0% (down from 6.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings. Aankondiging • Jul 22
ISMT Limited to Report Q1, 2025 Results on Jul 29, 2024 ISMT Limited announced that they will report Q1, 2025 results on Jul 29, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹129, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 25x in the Metals and Mining industry in India. Total returns to shareholders of 674% over the past three years. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹128, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 638% over the past three years. Reported Earnings • May 11
Full year 2024 earnings released: EPS: ₹5.78 (vs ₹2.92 in FY 2023) Full year 2024 results: EPS: ₹5.78 (up from ₹2.92 in FY 2023). Revenue: ₹26.6b (up 4.0% from FY 2023). Net income: ₹1.74b (up 98% from FY 2023). Profit margin: 6.5% (up from 3.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 05
ISMT Limited to Report Q4, 2024 Results on May 10, 2024 ISMT Limited announced that they will report Q4, 2024 results on May 10, 2024 Aankondiging • May 01
ISMT Limited Announces Executive Changes ISMT Limited announced that Mr. Kishore Bhapkar, Plant Head -Baramati has been superannuated with effect from close of business hours on 30 April 2024. Mr. Tanesh Kumar Dhingra has been appointed as the Plant Head-Baramati with effect from 1 May 2024. Mr. Tanesh Kumar Dhingra holds a bachelor's degree in mechanical engineering and has pursued MBA in Production Management. He has more than 29 years of experience. He joined the Company on 14 March 2023 and holds presently the position of Executive Vice President (Operations). He has held position of Head of Department (Operations) in the Company from the year 1993 to the year 2005 and also worked earlier with Jindal Saw Limited around 16 years. Mr. Tanesh Dhingra is not related to any of the Directors of the Company. Aankondiging • Mar 07
ISMT Limited Declares an Interim Dividend for the Financial Year 2023-2024, Payable on or Before 29 March 2024 ISMT Limited declared an Interim Dividend of INR 0.50 per equity share of INR 5 each (i.e. 10%) for the financial year 2023-2024. The Record Date has been fixed as 16 March 2024 for the purpose of ascertaining list of members entitled to the Interim Dividend. Interim Dividend will be paid on or before 29 March 2024 through various modes of payment viz. Direct Credit /NEFT /RTGS /NECS /Dividend Warrants or Demand Drafts, as the case may be. Reported Earnings • Jan 26
Third quarter 2024 earnings released: EPS: ₹2.06 (vs ₹0.96 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.06 (up from ₹0.96 in 3Q 2023). Revenue: ₹6.35b (up 7.4% from 3Q 2023). Net income: ₹619.6m (up 114% from 3Q 2023). Profit margin: 9.8% (up from 4.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 24
Ismt Limited Appoints Nikita Jaisinghani as the Compliance Officer ISMT Limited approved the appointment of Ms. Nikita Jaisinghani as the Compliance Officer of the Company with effect from January 24, 2024. Ms. Nikita Jaisinghani is a commerce and law graduate and a Member of the Institute of Company Secretaries of India (ICSI) since the year 2020. She has about 4 years of experience working in the secretarial field and has joined the Company as a Management Trainee in the year 2019. She has been handling functions relating to compliances and providing assistance to Corporate Finance Department. Aankondiging • Jan 17
ISMT Limited to Report Q3, 2024 Results on Jan 24, 2024 ISMT Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Aankondiging • Jan 06
ISMT Limited Announces Resignation of Kishore Bharambe as President (Tube Operations) ISMT Limited announced that Mr. Kishore Bharambe has resigned from the post of President (Tube Operations) of the Company with effect from close of business hours on December 31, 2023. Recent Insider Transactions • Nov 09
Insider recently sold ₹37m worth of stock On the 3rd of November, Baldevraj R. Taneja sold around 460k shares on-market at roughly ₹79.87 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Oct 28
ISMT Limited Announces Management Changes ISMT Limited announced at the board meeting held on October 26, 2023 approved Appointment of Mr. Vipin Pawar as the Procurement Head of the Company with effect from October 26, 2023. Mr. Vipin Pawar has bachelor's degree in mechanical engineering with more than 20 years of experience. He has held position of Purchaser Leader & Head Purchase for last 5 years. Previously, he has worked with various entities viz. Mahindra & Mahindra, Tata Motors, John Deere, Cummins and National Engineering Industries. Resignation of Mr. Durga Rao as the Procurement Head of the Company with effect from close of business on November 9, 2023, due to personal reasons. Resignation of Mr. Chetan Nathani as the Company Secretary (CS) of the Company with effect from close of business hour on January 17 2024, due to personal reasons. Reported Earnings • Oct 28
Second quarter 2024 earnings released: EPS: ₹1.71 (vs ₹1.01 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.71 (up from ₹1.01 in 2Q 2023). Revenue: ₹7.51b (up 7.2% from 2Q 2023). Net income: ₹514.7m (up 70% from 2Q 2023). Profit margin: 6.9% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 27
ISMT Limited Announces Resignation of Suresh Patil as Chief Financial Officer, Effective December 13, 2023 ISMT Limited announced at the board meeting held on October 26, 2023, approved Resignation of Mr. Suresh Patil as the Chief Financial Officer (CFO) of the Company with effect from close of business hours on December 13, 2023, due to personal reasons. Aankondiging • Oct 21
ISMT Limited to Report Q2, 2024 Results on Oct 26, 2023 ISMT Limited announced that they will report Q2, 2024 results on Oct 26, 2023 Reported Earnings • Jul 08
Full year 2023 earnings released: EPS: ₹2.92 (vs ₹152 in FY 2022) Full year 2023 results: EPS: ₹2.92 (down from ₹152 in FY 2022). Revenue: ₹25.6b (up 20% from FY 2022). Net income: ₹877.3m (down 96% from FY 2022). Profit margin: 3.4% (down from 111% in FY 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has increased by 149% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 06
ISMT Limited, Annual General Meeting, Jul 27, 2023 ISMT Limited, Annual General Meeting, Jul 27, 2023, at 11:00 Indian Standard Time. Agenda: To consider the Audited Financial Statements of the Company for financial year ended March 31, 2023 including Audited Balance Sheet as at March 31, 2023 & Statement of Profit & Loss for year ended on that date & Reports of the Board of Directors & Auditors thereon; to appoint a Director in place of Mr. Nishikant Ektare who retires by rotation & being eligible, offers himself for re-appointment; and to consider other matters. Aankondiging • May 25
ISMT Limited (BSE:532479) agreed to acquire Windmills business of Kirloskar Industries Limited for 54 million. ISMT Limited (BSE:532479) agreed to acquire Windmills business of Kirloskar Industries Limited for 54 million on May 23, 2023. Windmills business reported a turnover of INR 33.4 million in year ending March 31, 2023.Transaction is subject to subject to the receipt of requisite governmental, statutory, regulatory and third party approvals, required to be obtained by the Company including but not limited to the approval from the Ministry of Environment, Forest and Climate Change, Government of India/Government of Maharashtra, Maharashtra Energy Development Agency and Maharashtra State Electricity Distribution Company Limited. Reported Earnings • May 05
Full year 2023 earnings released: EPS: ₹2.92 (vs ₹152 in FY 2022) Full year 2023 results: EPS: ₹2.92 (down from ₹152 in FY 2022). Revenue: ₹26.0b (up 22% from FY 2022). Net income: ₹877.3m (down 96% from FY 2022). Profit margin: 3.4% (down from 111% in FY 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has increased by 174% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 04
ISMT Limited (BSE:532479) agreed to acquire Adicca Energy Solutions Private Limited for INR 0.1 million. ISMT Limited (BSE:532479) agreed to acquire Adicca Energy Solutions Private Limited for INR 0.1 million on May 3, 2023. Adicca Energy Solutions reported revenue of INR 0.055 million in FY 2022-23. The transaction is approved by the board of ISMT and expected to complete in upto 6 months. Reported Earnings • Jan 25
Third quarter 2023 earnings released: EPS: ₹0.96 (vs ₹4.70 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.96 (up from ₹4.70 loss in 3Q 2022). Revenue: ₹6.02b (up 14% from 3Q 2022). Net income: ₹289.5m (up ₹978.2m from 3Q 2022). Profit margin: 4.8% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 18
ISMT Limited to Report Q3, 2023 Results on Jan 24, 2023 ISMT Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Jan 24, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive & Non-Independent Chairman Rahul Kirloskar was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 07
Second quarter 2023 earnings released: EPS: ₹1.01 (vs ₹3.25 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹1.01 (up from ₹3.25 loss in 2Q 2022). Revenue: ₹7.01b (up 26% from 2Q 2022). Net income: ₹303.0m (up ₹778.5m from 2Q 2022). Profit margin: 4.3% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has increased by 145% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 10
Full year 2022 earnings released: EPS: ₹152 (vs ₹23.38 loss in FY 2021) Full year 2022 results: EPS: ₹152 (up from ₹23.38 loss in FY 2021). Revenue: ₹21.3b (up 73% from FY 2021). Net income: ₹23.7b (up ₹27.2b from FY 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 117% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 13
Full year 2022 earnings released: EPS: ₹152 (vs ₹23.38 loss in FY 2021) Full year 2022 results: EPS: ₹152 (up from ₹23.38 loss in FY 2021). Revenue: ₹21.3b (up 72% from FY 2021). Net income: ₹23.7b (up ₹27.2b from FY 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive & Non-Independent Chairman Rahul Kirloskar was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive & Non-Independent Chairman Rahul Kirloskar was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ₹4.70 loss per share (down from ₹3.94 loss in 3Q 2021). Revenue: ₹5.38b (up 42% from 3Q 2021). Net loss: ₹688.7m (loss widened 19% from 3Q 2021). Revenue missed analyst estimates by 3.3%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 94% per year, which means it is well ahead of earnings. Reported Earnings • Dec 07
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: ₹3.25 loss per share (up from ₹4.63 loss in 2Q 2021). Revenue: ₹5.74b (up 93% from 2Q 2021). Net loss: ₹475.5m (loss narrowed 30% from 2Q 2021). Revenue missed analyst estimates by 3.3%. Board Change • Sep 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. MD & Whole Time Director Baldevraj R. Taneja is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹3.80 loss per share (vs ₹7.15 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹4.74b (up 350% from 1Q 2021). Net loss: ₹557.2m (loss narrowed 47% from 1Q 2021). Reported Earnings • Jul 14
Full year 2021 earnings released: ₹23.38 loss per share (vs ₹16.41 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹12.3b (down 5.5% from FY 2020). Net loss: ₹3.43b (loss widened 43% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 02
New 90-day low: ₹10.25 The company is down 8.0% from its price of ₹11.20 on 02 December 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 36% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹3.94 loss per share (vs ₹3.65 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: ₹3.78b (up 26% from 3Q 2020). Net loss: ₹576.9m (loss widened 7.9% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Dec 16
Second quarter 2021 earnings released: ₹4.63 loss per share The company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: ₹2.98b (down 5.3% from 2Q 2020). Net loss: ₹678.8m (loss widened 21% from 2Q 2020). Is New 90 Day High Low • Dec 07
New 90-day high: ₹12.90 The company is up 62% from its price of ₹7.95 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 23% over the same period.