IPO Plus

BSE · 526967

Heera Ispat Ltd.

GSM · GSM 0
6
₹4 Cr market cap
P/E
EPS
₹0
Book value
₹-1.44
ROE
9.32%
ROCE
320.82%
Debt / equity
0

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

00.250.50.751Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25
Revenue (₹ Cr) Net profit (₹ Cr)

Shareholding

As of 2026-06-30

0%
promoter holding
  • Public100%

2,535 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

18.03%0%Sep 24Jun 26

52-week position

Where the current price sits in its yearly band

4.8469.82

The band spans 2.03× from low to high.

Risk flags

Derived from disclosed data

  • Under exchange surveillance — GSM · GSM 0. Trading may carry price bands, periodic call auction or higher margins.
  • Reported zero revenue in 5 of the last 8 disclosed periods.

Peer comparison

Steel - Medium / Small · ranked #95 of 115 by market cap · medians across 50 industry peers

P/E
vs 84.18 peer med
P/B
0vs 2.86 peer med
ROE %
9.32vs 11.25 peer med
Margin %
0vs 4.96 peer med
CompanyMkt capP/EP/BROEMargin
Sarda Energy & Minerals Ltd.₹18,451 Cr116.882.515%19.6%
Godawari Power & Ispat Ltd.₹16,949 Cr55.222.7213.79%14.88%
Ratnamani Metals & Tubes Ltd.₹16,746 Cr159.924.0811.74%10.74%
Usha Martin Ltd.₹15,583 Cr105.434.7214.11%13.21%
Gallantt Ispat Limited₹14,556 Cr118.534.3914.6%11%
Mishra Dhatu Nigam Ltd.₹7,442 Cr95.494.868.58%11.12%
Sunflag Iron & Steel Company Ltd.₹6,477 Cr189.160.762.28%5.14%
Aeroflex Industries Ltd.₹5,963 Cr331.3213.3312.41%12.57%
Technocraft Industries (India) Ltd.₹5,768 Cr75.812.8614.11%10.34%
Goodluck India Limited₹5,092 Cr84.183.4212.12%4.45%
Heera Ispat Ltd.(this company)₹4 Cr09.32%0%

AI analysis

AI-generated · google/gemini-2.5-flash

Heera Ispat Ltd. has a market capitalization of Rs 4 Cr. The company reported a negative book value of -1.44 and an EPS of 0. Its Return on Equity (ROE) was 9.32%, while Return on Capital Employed (ROCE) stood at 320.82%. The debt-to-equity ratio was 0. The 52-week high for the share price was 9.82, and the 52-week low was 4.84. As of March 31, 2026, public shareholding was 100%, with no promoter holding.

Positives

  • +The company has a very low debt-to-equity ratio of 0, indicating minimal leverage.
  • +The Return on Capital Employed (ROCE) is high at 320.82%, demonstrating efficient use of capital in certain periods.
  • +There are no reported promoter pledges, indicating no encumbrance on promoter holdings.

Negatives

  • The company has consistently reported 0 revenue across all annual and quarterly periods.
  • The book value per share is negative at -1.44, suggesting accumulated losses exceeding equity.
  • The profit margin is 0, indicating no profitability from operations.
  • The promoter holding is 0% as of March 31, 2026, which is a significant decline from 15.17% in Sep 2016.
  • The company is under regulatory surveillance measures 'GSM' and 'LT-ASM', which indicates increased scrutiny.

Financial Performance

Heera Ispat Ltd. has consistently reported zero revenue across all available annual and quarterly periods. The company’s net profit was -0.46 Cr in Mar 2025, following a net profit of 0.28 Cr in Mar 2023 and a net loss of -0.16 Cr in Mar 2024. Quarterly net profits were also negative, for example, -0.02 Cr in Mar 2026 and -0.01 Cr in Dec 2025.

Profitability & Returns

The company’s Return on Equity (ROE) was 9.32%, and Return on Capital Employed (ROCE) was 320.82%. The profit margin for the company is 0. EPS has fluctuated significantly, with -0.79 in Mar 2025 and 0.48 in Mar 2023, and 0 in the latest reported period. EBITDA has also been negative across most periods, including -0.46 Cr in Mar 2025 and -0.01 Cr in Mar 2026.

Balance Sheet

Heera Ispat Ltd. has a debt-to-equity ratio of 0, indicating no reported debt. However, the book value per share is negative at -1.44. No dividend yield has been reported for the company. Further details on assets and liabilities are not available in the provided data.

Ownership & Pledges

As of March 31, 2026, public shareholders held 100% of the company, with no promoter holding (0%). There were no FII or DII holdings reported for this period. The number of shareholders increased to 2535 by Mar 2026 from 1530 in Sep 2016. There are no reported promoter pledges.

Regulatory & Surveillance

Heera Ispat Ltd. is currently under regulatory surveillance measures, specifically categorized as 'GSM' and 'LT-ASM'. This indicates increased monitoring by regulatory authorities. The company's surveillance measures are listed as 'GSM · GSM 0 · LT-ASM · ASM 1', which includes both Graded Surveillance Measure and Long Term Additional Surveillance Measure.

Data as of — price: 2026-07-30 · financials: Mar 25 · shareholding: Jun 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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