- Business
- Hisar Metal Industries Limited manufactures and sells cold rolled precision stainless steel strips, stainless steel welded tubes and pipes, and stainless steel plumbing pipes and fittings in India; it also exports its products to overseas markets. Founded in 1990 and headquartered in Hisar, Haryana—known as the Stainless Steel City of India—the company operates cold rolling mills including two 6-hi and three 4-hi units, along with ten tube mills to produce high-precision, ultra-thin strips down to 0.08mm thickness with superior dimensional accuracy, flatness, and surface finish. It serves domestic and international industries through state-of-the-art imported machinery and a skilled workforce focused on stringent quality control and research and development. In recent developments, the company maintains steady operations with a market capitalization of approximately Rs 98.56 crore as of late 2025, declares consistent final dividends of 10% including Rs 1 per share for fiscal year 2019 and subsequent years, and schedules board meetings for quarterly financial results such as the unaudited outcomes for the quarter and nine months ended December 31, 2024, while reporting net profit of Rs 3.18 crore for fiscal year 2025 amid modest revenue growth to Rs 245.56 crore.