Hira Ferro Alloys
- Unlisted share
- Energy & Power
- ISIN INE573I01011
At a glance
Sales
FY26
₹540 Cr
−9.4%on FY25What the company earned from its customers in the year.
Profit
FY26
₹25.26 Cr
−17.9%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹386 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹981 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Hira Ferro Alloys
- ISIN
- INE573I01011
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹166.32
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Hira Ferro Alloys
Hira Ferro Alloys makes ferro manganese and silico manganese at Urla, Raipur, and runs captive thermal, biomass, wind and solar power plants that feed its furnaces. It is a subsidiary of the listed Godawari Power & Ispat Limited of the Hira group, which owns about 92% of the equity and all of the preference shares. A large part of its balance sheet is its own shareholding in Godawari Power & Ispat, carried at market value.
Written from: hiraferroalloys.com, hiraferroalloys.com
Listing status. Not listed. The equity shares were delisted from BSE and the Madhya Pradesh Stock Exchange under a delisting offer made by promoter company Hira Infra-Tek Limited (floor price ₹20.58 per share); the annual return for FY2025-26 shows no stock exchange listing. Hira Ferro Alloys letter of offer for delisting
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE573I01011
- Registered office
- Raipur, Chhattisgarh
- Holding company
- Godawari Power & Ispat Limited (listed), holding 91.83% of the equity shares; promoter bodies corporate together hold 96.03%
- Key people
- Chairman & Non-Executive Director: Yarra Chandra Rao; Managing Director: Narayan Prasad Agrawal; CFO: Dilip Chauhan; Company Secretary: Baban Tamrakar
- Face value per equity share
- ₹10
- Equity shares outstanding
- 2,31,88,500 shares
- CIN
- U27101CT1984PLC005837
- Official website
- hiraferroalloys.com
Read from: Hira Ferro Alloys annual report 2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
15.3×
At this price you pay ₹15.3 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
0.39×
At this price you pay ₹0.39 for every ₹1 of net worth on the company's books.
Profit margincalculated
4.7%
Out of every ₹100 of sales, ₹4.7 was left as profit.
Return on equitycalculated
2.6%
For every ₹100 of the owners' money, the company made ₹2.6 of profit in the year.
Debt to equitycalculated
0.11×
The company has borrowed ₹0.11 for every ₹1 of its owners' money.
- Indicative price
- ₹166.32
- Market valuecalculated
- ₹386 Cr
- price × shares
- No. of shares
- 2,31,88,500
- EPS
- ₹10.9
- Book value per share
- ₹423.03
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Hira Ferro Alloys Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY26: ₹454 Cr to ₹540 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY26: ₹21.79 Cr to ₹25.26 Cr.
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Revenue from operations | 453.78 | 345.61 | 596.26 | 540.28▼9% |
| Other income | 13.32 | 18.75 | 8.02 | 9.41▲17% |
| Total revenue | 467.1 | 364.36 | 604.28 | 549.69▼9% |
| Profit before interest, depreciation and tax (as stated in the directors' report) | n/a | n/a | 76.11 | 76.62▲1% |
| Depreciation and amortisation | 5.46 | 12.02 | 15.69 | 16.48▲5% |
| Finance costs | 6.28 | 15.12 | 18.3 | 17.6▼4% |
| Profit before tax | 29.45 | 11.39 | 42.13 | 42.54▲1% |
| Profit for the year | 21.79 | 8.2 | 30.77 | 25.26▼18% |
| Basic EPS (₹) | 9.4 | 3.54 | 13.27 | 10.9▼18% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Hira Ferro Alloys annual report 2023-24, Hira Ferro Alloys annual report 2025-26.
Ownership
Shareholding pattern
Who owns the company
As of 31 March 2026
- Promoters (bodies corporate, 3 holders)96.03%
- of which Godawari Power & Ispat Limited91.83%
- Public: resident individuals / HUF3.10%
- Public: IEPF, trusts and others0.59%
- Public: bodies corporate0.20%
- Public: NRIs and foreign nationals0.08%
- Total191.83%
Read from: Hira Ferro Alloys draft annual return (Form MGT-7) FY2025-26
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 28 Mar 202311 crore preference shares of ₹10 each allotted to the holding company Godawari Power & Ispat. | Preferential allotment | 9% optionally convertible cumulative redeemable participating preference shares | ₹10 | ₹110 Cr |
Read from: Hira Ferro Alloys annual report 2025-26
Leadership
Management
Yarra Chandra Rao
Chairman & Non-Executive Director
Narayan Prasad Agrawal
Managing Director
Vinod Pillai
Whole Time Director
Dilip Chauhan
Chief Financial Officer
Baban Tamrakar
Company Secretary (w.e.f. 1 October 2025)
Hukam Chand Daga
Independent Director
Bhavna Govindbhai Desai
Woman Independent Director
Ajay Dubey
Non-Executive Director
Read from: Hira Ferro Alloys annual report 2025-26
Corporate calendar
Events
- 18 Sept 2026AGM42nd annual general meeting called to adopt the FY2025-26 accounts and re-appoint the managing director and a whole-time directorOpen
- 31 Jul 2026DividendBoard approved a 9% preference dividend of ₹9.90 crore for FY2025-26; no equity dividendOpen
- 1 Oct 2025Board changeBaban Tamrakar took over as Company Secretary after Mohit Chande resignedOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Hira Ferro Alloys on WhatsAppIs the price shown for Hira Ferro Alloys final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Hira Ferro Alloys shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Hira Ferro Alloys shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Hira Ferro Alloys. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.