Trades in iron and steel products as its sole business line, listed on BSE under the former name Hariyana Metals Limited. Trading revenue is erratic — several quarters in FY26 and Q1 FY27 recorded nil revenue from operations, with activity concentrated in Q4 FY26. FY26 swung from a net loss the previous year to a net profit, driven more by reduced expenses and tax adjustments than by trading volume. The reported cost mix shows materials at 0% of revenue, employee costs at 3.7%, other operating expenses at 18%, and depreciation at 5%, with nil capex. By FY26 end, long-term borrowings were fully repaid. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Iron and steel trading. Very small, single-segment iron and steel trader with lumpy, intermittent revenue
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 8 | 7 | 3 | 1 | 1 |
| EBITDA (ex other income) | (0) | (0) | (1) | 0 | 1 |
| margin % | (5.0) | (4.9) | (43.0) | 56.3 | 78.3 |
| Owners' profit | (0) | (0) | (1) | (0) | 0 |
| EPS, as reported (₹) | (7.81) | (4.31) | (14.69) | 5.62 | 7.69 |
| ROE % · ROCE % | (14.9) · (9.7) | (9.0) · (4.2) | (43.7) · (35.3) | (19.5) · 15.9 | 18.4 · 25.6 |
| Debt / equity (x) | 0.69 | 1.55 | 1.38 | 0.37 | 0.00 |
| Cash from operations | 1 | (1) | 1 | (1) | 1 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | (0) | (0) | 0 | (0) | (0) | 0 | (0) | 1 |
| Net profit | (0) | (1) | 0 | 0 | (0) | 0 | (0) | 0 |
| EPS (₹) | (2.06) | (15.74) | 8.24 | 2.92 | 0.88 | 1.82 | 0.12 | 6.86 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Hariyana Ventures publishes notice of 51st AGM in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · Book Closure from 19-25 Sep 2026 for 51st AGM on 25 Sep 2026 | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report for FY 2025-26 and 51st AGM notice filed | results | medium | — | — |
| 3 Sept 2026 · Notice of 51st AGM on September 25, 2026 | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board Outcome: AGM on Sept 25 2026, Remuneration Revision for Two Directors | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Board meeting on Sep 2 to approve FY26 annual report and 51st AGM | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Promoter group member Krishanu Agrawal acquires 3.57% stake in Hariyana Ventures | ownership changes | medium | — | — |
| 7 Aug 2026 · Promoter Krishanu Harish Agrawal buys 3.57% stake in Hariyana Ventures | ownership changes | medium | — | — |
| 30 Jul 2026 · Q1 FY27 loss as revenue crashes to Rs 1.43 lakh from Rs 60.03 lakh YoY | compliance | minimal | — | — |
| 29 Jul 2026 · No Deviation in Use of IPO Proceeds for Q1 FY27 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| RATNAMANI MET & TUB LTD. |
| 19,815 |
| 45.8 |
| 4.71 |
| 23.1 |
| 12.7 |
| 15.6 |
| 14.4 |
| 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 25.3 | 8.7 | 8 of 120 | 94% |
| ROE | 18.4 | 8.6 | 15 of 114 | 88% |
| Debt / Equity | 0.0 | 0.1 | 30 of 114 | 74% |
| EBITDA margin | 98.5 | 11.0 | 5 of 100 | 96% |
| Profit growth | 135.2 | 29.3 | 21 of 105 | 81% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
