Heera Ispat Ltd.
BBSE:HEERAISP5.87
INR
-0.06
(-1.01%)
ISIN
INE025D01013
Return %
Stock
S&P 500
1Y
-22.86
13.14
3Y
-23.87
80.78
5Y
131.10
67.74
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Girish Agrawal
- Full Time Employees
- 2
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- 304/305, Kamal Complex Ahmedabad GU India 380009
- IPO Date
- Feb 16, 1995
- Website
- heeraispat.in
- Similar Companies
- Business
- Heera Ispat Limited is an Indian steel manufacturing company engaged primarily in the production of various steel products including mild steel, low carbon steel, alloy steel, special steels, stainless steel, steel plates, steel bars, wires for the construction industry, and cast iron products for the automobile industry. The company operates a medium-scale induction furnace plant in Gujarat capable of manufacturing approximately 20,000 metric tons per annum of steel ingots and billets. Founded in 1992 and headquartered in Ahmedabad, Gujarat, Heera Ispat also engages in trading of iron, steel, and allied construction materials. The company targets markets within India, particularly focusing on the construction and automotive sectors. In recent years, Heera Ispat has experienced operational challenges, including periods without significant commercial manufacturing or trading activities, leading to reported net losses in fiscal years 2024 and 2025. The company has sold real estate assets such as factory buildings and machinery and has been exploring strategies for business continuity, including raising funds through further issuance of shares or attracting joint venture partners. It has also seen changes in its board composition with resignations of independent directors as of late 2025. Management efforts concentrate on restarting trading activities in steel and allied products leveraging market reputation and personal contacts. The company held its 33rd Annual General Meeting in 2025 and conducted board meetings to approve financial results and consider fund-raising initiatives. Heera Ispat operates in the metal and ferrous industries, offering a range of steel products like ingots and billets under various categories including mild steel, alloy, and stainless steel. The company has attempted to expand its product focus to include steel plates, bars, wire products for construction, and cast iron automotive components, emphasizing after-sales service. The corporate structure is publicly listed and its authorized share capital is approximately ₹6 crore. It continues to explore strategic options for financial and operational revival while maintaining its manufacturing base and marketing of steel products predominantly in the Indian market. Overall, Heera Ispat Limited presents itself as a steel manufacturing and trading firm with a history of producing diverse steel grades and products, currently navigating financial and operational restructuring with an eye on future growth through capital infusion and strategic partnerships. The company maintains its registered office in Ahmedabad, Gujarat, and continues to focus on the steel and ferrous sector in India.