Duyuru • Feb 09
Heera Ispat Limited to Report Q3, 2026 Results on Feb 14, 2026 Heera Ispat Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Board Change • Dec 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Non-Executive Independent Director Alpesh Patel is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹8.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹8.1m free cash flow). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Negative equity (-₹8.1m). Revenue is less than US$1m. Market cap is less than US$10m (₹49.9m market cap, or US$563.7k). Duyuru • Nov 11
Heera Ispat Limited to Report Q2, 2026 Results on Nov 14, 2025 Heera Ispat Limited announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Oct 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹5.6m). Revenue is less than US$1m. Market cap is less than US$10m (₹48.8m market cap, or US$553.4k). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Duyuru • Jul 21
Heera Ispat Limited to Report Q1, 2026 Results on Jul 28, 2025 Heera Ispat Limited announced that they will report Q1, 2026 results on Jul 28, 2025 Duyuru • Jun 16
Heera Ispat Limited, Annual General Meeting, Jul 12, 2025 Heera Ispat Limited, Annual General Meeting, Jul 12, 2025, at 16:00 Indian Standard Time. Location: orient club, opp. jungle bhookh, restaurant, mahakavi nhanalal, fly overbridge,near gujarat college, ellisbridge 380006, ahmedabad India New Risk • Apr 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹4.5m free cash flow). Negative equity (-₹5.6m). Revenue is less than US$1m. Market cap is less than US$10m (₹40.8m market cap, or US$476.4k). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Duyuru • Apr 09
Heera Ispat Limited to Report Q4, 2025 Results on Apr 16, 2025 Heera Ispat Limited announced that they will report Q4, 2025 results on Apr 16, 2025 Duyuru • Feb 10
Heera Ispat Limited to Report Q3, 2025 Results on Feb 14, 2025 Heera Ispat Limited announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Dec 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Negative equity (-₹1.2m). Revenue is less than US$1m. Market cap is less than US$10m (₹53.2m market cap, or US$625.5k). Duyuru • Nov 08
Heera Ispat Limited to Report Q2, 2025 Results on Nov 14, 2024 Heera Ispat Limited announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (₹45.1m market cap, or US$537.5k). Duyuru • Aug 16
Heera Ispat Limited, Annual General Meeting, Sep 26, 2024 Heera Ispat Limited, Annual General Meeting, Sep 26, 2024, at 12:05 Indian Standard Time. Location: the president,opp municipal, market, off c.g.road, navrangpura, ahmedabad-380009, gujarat., ahmedabad India Duyuru • Aug 07
Heera Ispat Limited to Report Q1, 2025 Results on Aug 14, 2024 Heera Ispat Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Duyuru • May 25
Heera Ispat Limited to Report Q4, 2024 Results on May 30, 2024 Heera Ispat Limited announced that they will report Q4, 2024 results on May 30, 2024 Duyuru • Feb 08
Heera Ispat Limited to Report Q3, 2024 Results on Feb 14, 2024 Heera Ispat Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Duyuru • Jan 29
Heera Ispat Limited announced that it expects to receive INR 500 million in funding Heera Ispat Limited announced a private placement to issue common shares for the gross proceeds of INR 500,000,000 on January 27, 2024. The transaction will include participation from Qualified institutional placement. The transaction has been approved by the shareholders and is subject to general shareholders or government or regulatory or statutory approvals. New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹8.2m free cash flow). Negative equity (-₹531k). Earnings have declined by 0.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹51.8m market cap, or US$621.8k). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). New Risk • Nov 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹8.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹8.2m free cash flow). Negative equity (-₹531k). Earnings have declined by 0.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹50.6m market cap, or US$607.9k). New Risk • Aug 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹985k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹985k free cash flow). Earnings have declined by 7.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹64.8m market cap, or US$778.6k). Duyuru • Aug 16
Heera Ispat Limited, Annual General Meeting, Sep 21, 2023 Heera Ispat Limited, Annual General Meeting, Sep 21, 2023, at 12:05 Indian Standard Time. Location: The President, Opp: Municipal Market C.G.Road, Ahemdabad India Duyuru • Aug 08
Heera Ispat Limited to Report Q4, 2023 Final Results on Aug 14, 2023 Heera Ispat Limited announced that they will report Q4, 2023 final results on Aug 14, 2023 Duyuru • Jul 15
Heera Ispat Limited Announces Management Appointments Heera Ispat Limited announced at the board meeting held on July 14, 2023 that the company approved Appointment of Ms. Muskan Rana as an Additional Non-Executive Women Director of the Company, member of audit Committee, Nomination and Remuneration Committee; and Appointment of Mr. Rajesh Chinubhai Sutaria (DIN: 02102686) as an Additional Non-Executive lndependent Director of the Company, Chairperson of audit Committee and Nomination and Remuneration Committee, Member of Stakeholders Relationship Committee. Mr. Alpesh Kiritbhai Patel as member of audit Committee, Nomination and Remuneration Committee and Chairperson of Stakeholders Relationship Committee. Mr. Prakash N. Shah as member of Stakeholders Relationship Committee. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹11.52, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 225% over the past year. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹8.32, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 178% over the past three years. Buying Opportunity • Apr 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be ₹10.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹9.98, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 168% over the past year. Duyuru • Feb 15
Heera Ispat Limited Announces the Resignation of Harsh Rashmikumar Shah Company Secretary and Compliance Officer Heera Ispat Limited announced that Harsh Rashmikumar Shah tendered his resignation from the post of company secretary and compliance officer of the company due to better growth opportunities. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹11.56, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 231% over the past year. Duyuru • Jan 18
Heera Ispat Limited to Report Q3, 2023 Results on Feb 14, 2023 Heera Ispat Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹11.16, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 273% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹12.49, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 318% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹7.44, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 172% over the past year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. CFO & Whole Time Director Prakash Shah was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 19
Heera Ispat Limited to Report Q2, 2023 Results on Nov 14, 2022 Heera Ispat Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Duyuru • Oct 04
Heera Ispat Limited Announces Resignation of Atula Jagdishbhai Patel as Company Secretary Heera Ispat Limited announced that Mrs. Atula Jagdishbhai Patel has tendered her Resignation from the post of Company Secretary and Compliance Officer of the Company with effect from the closure of working hours of i.e. September 30, 2022 due to her personal reasons. The Company has accepted her resignation and relieved her from responsibilities with effect from September 30, 2022. Her Successor shall be appointed in due time and the same shall be duly intimated to the Stock Exchange. Duyuru • Aug 03
Heera Ispat Limited to Report Q1, 2023 Results on Aug 12, 2022 Heera Ispat Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Board Change • Jun 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non -Executive Independent Director Prakash Shah was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 18
Heera Ispat Limited to Report Q4, 2022 Results on May 30, 2022 Heera Ispat Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Non -Executive Independent Director Prakash Shah was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non -Executive Independent Director Prakash Shah was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Non -Executive Independent Director Prakash Shah was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Is New 90 Day High Low • Feb 12
New 90-day low: ₹2.84 The company is down 5.0% from its price of ₹2.99 on 13 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 37% over the same period. Duyuru • Feb 06
Heera Ispat Limited to Report Q3, 2021 Results on Feb 13, 2021 Heera Ispat Limited announced that they will report Q3, 2021 results on Feb 13, 2021 