With a market capitalisation of Rs. 393.4 crores, at 10:58 a.m., the shares of Chaman Metallics Limited were trading in the red at Rs. 163 on NSE, down by nearly 1.7 percent, as against its previous closing price of Rs. 165.8.
The stock hit its 52-week high at Rs. 173.95 on 28th March 2025, and compared to its current price levels, the stock is trading at a discount of nearly 6 percent.
According to the latest regulatory filings with the NSE, Chaman Metallics Limited has provided detailed information regarding its capacity expansions and new product launches, aligned with its strategic growth roadmap.
The company’s first product, Sponge Iron, currently operates at a capacity of 72,000 TPA with 80 percent utilisation. A capacity addition of 1,15,500 TPA has already been completed, bringing the total production capacity to 1,87,500 TPA. This expansion involved an investment of Rs. 73.55 crore, funded through a mix of debt and internal accruals.
The third product is Ferro Manganese/Silico Manganese/Pig Iron/Ferro Silicon for both domestic and international markets. Previously operating with no capacity in this segment, the company has received CTO (Consent to Operate) for 29,403 TPA out of a planned 39,204 TPA. This expansion is already in place, backed by a total investment of Rs. 32.25 crore.
Financial Performance
Chaman Metallics reported a marginal decline in its revenue from operations, showing a year-on-year fall of nearly 1 percent from Rs. 93.14 crores in H1 FY24 to Rs. 92.5 crores in H1 FY25.
Similarly, its net profit decreased during the same period from Rs. 9 crores to Rs. 6.2 crores, indicating a decline of around 31 percent YoY.
About the company
Incorporated in 2003, Chaman Metallics Limited is primarily engaged in the manufacturing and selling of Direct Reduced Iron (commonly known as sponge iron), which serves as a raw material for making steel in electric arc furnaces and induction furnaces.
The company’s manufacturing facility is located in Chandrapur, Maharashtra, and spans approximately 63 acres. From 2006 to 2019, the company was under the ownership of the MSP Group. In 2019, it was acquired by the GR Group of Industries, a player in the steel industry since 1996.
The GR Group operates across multiple segments within the steel industry, including Sponge Iron, Ferro Alloys, MS Ingots, and re-rolled products, with its core manufacturing base also situated in Chandrapur.
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