India Homes
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Isisales India Private Limited disclosed an off-market transfer of 378,209 India Homes shares between 12 and 14 August 2026. The transaction was attributed to the promoter group and was shown as 0.095% of voting capital, with group ownership listed at 34.176% afterward. Another annexure showed Isisales' stake falling from 7,823,685 to 7,523,685 shares, implying a 300,000-share transfer and a post-sale stake of 1.890%. India Homes generated around ₹24.5 crore of revenue in FY26, mostly from a one-off development-rights transfer, and had no operating revenue in its latest quarter.
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Isisales India Private Limited disclosed an off-market transfer of 378,209 India Homes shares between 12 and 14 August 2026. The transaction was attributed to the promoter group and was shown as 0.095% of voting capital, with group ownership listed at 34.176% afterward. Another annexure showed Isisales' stake falling from 7,823,685 to 7,523,685 shares, implying a 300,000-share transfer and a post-sale stake of 1.890%. India Homes generated around ₹24.5 crore of revenue in FY26, mostly from a one-off development-rights transfer, and had no operating revenue in its latest quarter.
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India Homes Ltd reported a net profit of ₹344.16 lakhs for the quarter ended 30 June, its first quarterly profit on record, boosted by an exceptional gain of ₹665.20 lakhs from a settlement with lender J.C. Flowers Asset Reconstruction. The company's auditor flagged that the settlement payment had not been made by the 31 July deadline and said the gain recognition was therefore overstated. Separately, the board approved an investment of up to ₹50 crores in Level Enterprises LLP, a related party holding a development agreement for land in Mumbai, with the aim of becoming a major partner with a minimum 51% stake. The company, formerly India Steel Works, ceased steel manufacturing in 2022 and is pivoting to real estate, with its Khopoli land held for sale pending monetisation. Outstanding defaults on loans and debt securities totalled ₹8,926 lakhs as of 30 June.
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India Homes Ltd reported a net profit of ₹344.16 lakhs for the quarter ended 30 June, its first quarterly profit on record, boosted by an exceptional gain of ₹665.20 lakhs from a settlement with lender J.C. Flowers Asset Reconstruction. The company's auditor flagged that the settlement payment had not been made by the 31 July deadline and said the gain recognition was therefore overstated. Separately, the board approved an investment of up to ₹50 crores in Level Enterprises LLP, a related party holding a development agreement for land in Mumbai, with the aim of becoming a major partner with a minimum 51% stake. The company, formerly India Steel Works, ceased steel manufacturing in 2022 and is pivoting to real estate, with its Khopoli land held for sale pending monetisation. Outstanding defaults on loans and debt securities totalled ₹8,926 lakhs as of 30 June.
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India Homes Limited received a notice from the Office of the Regional Director, Western Region, seeking information and records from the company and its group companies under Sections 210(1)(c) and 217(1)(a) of the Companies Act, 2013. The company stated it is in the process of compiling the documents and will submit them to the authority in due course. India Homes, formerly India Steel Works, ceased manufacturing operations in mid-2022 and has been attempting to monetise land assets at Khopoli. The statutory auditor has issued adverse or disclaimer opinions for three consecutive years. Promoter group entities have reduced their holding from over 50% to around 34.79% through a series of sales. The company reported a net profit of ₹1,865.54 lakhs for the year to March 2026, driven by a one-time real estate income, though operational revenue remains negligible.
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India Homes Limited received a notice from the Office of the Regional Director, Western Region, seeking information and records from the company and its group companies under Sections 210(1)(c) and 217(1)(a) of the Companies Act, 2013. The company stated it is in the process of compiling the documents and will submit them to the authority in due course. India Homes, formerly India Steel Works, ceased manufacturing operations in mid-2022 and has been attempting to monetise land assets at Khopoli. The statutory auditor has issued adverse or disclaimer opinions for three consecutive years. Promoter group entities have reduced their holding from over 50% to around 34.79% through a series of sales. The company reported a net profit of ₹1,865.54 lakhs for the year to March 2026, driven by a one-time real estate income, though operational revenue remains negligible.
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By Neha Arora
NEW DELHI, Jan 12 (Reuters) - India was a net exporter of finished steel in the first nine months of the financial year, with shipments reaching 4.8 million metric tons, up 33.3% from a year ago, according to provisional government data reviewed by Reuters on Monday.
The data showed that the world's second-biggest crude steel producer imported 4.65 million metric tons of finished steel in the same period.
Country-wise data on India's steel exports is expected later in the month.
In December, the government imposed an import tariff on some steel products to curb cheaper shipments, primarily from China.
The levy, locally known as a safeguard duty, will be imposed at 12% followed by 11.5% in the second year and 11% in the third year.
India produced 117.6 million metric tons of finished steel between April-December, while consumption stood at 119.3 million metric tons, the data showed.
Crude steel production during the period stood at 123.9 million metric tons, according to the data.
In January, leading Indian steelmakers raised prices of hot-rolled coils and cold-rolled coils by up to 2,000 rupees ($22.19) per metric ton, according to commodities consultancy BigMint.
Prices of hot-rolled coil ranged between 50,250 rupees per metric ton to 51,250 rupees per metric ton, the consultancy said.
($1 = 90.1413 Indian rupees)
(Reporting by Neha Arora; Editing by Ronojoy Mazumdar)
(([email protected];))
By Neha Arora
NEW DELHI, Jan 12 (Reuters) - India was a net exporter of finished steel in the first nine months of the financial year, with shipments reaching 4.8 million metric tons, up 33.3% from a year ago, according to provisional government data reviewed by Reuters on Monday.
The data showed that the world's second-biggest crude steel producer imported 4.65 million metric tons of finished steel in the same period.
Country-wise data on India's steel exports is expected later in the month.
In December, the government imposed an import tariff on some steel products to curb cheaper shipments, primarily from China.
The levy, locally known as a safeguard duty, will be imposed at 12% followed by 11.5% in the second year and 11% in the third year.
India produced 117.6 million metric tons of finished steel between April-December, while consumption stood at 119.3 million metric tons, the data showed.
Crude steel production during the period stood at 123.9 million metric tons, according to the data.
In January, leading Indian steelmakers raised prices of hot-rolled coils and cold-rolled coils by up to 2,000 rupees ($22.19) per metric ton, according to commodities consultancy BigMint.
Prices of hot-rolled coil ranged between 50,250 rupees per metric ton to 51,250 rupees per metric ton, the consultancy said.
($1 = 90.1413 Indian rupees)
(Reporting by Neha Arora; Editing by Ronojoy Mazumdar)
(([email protected];))
Nov 22 (Reuters) - India Steel Works Ltd INST.BO:
INDIA STEEL WORKS -TO ISSUE UPTO 97.5 MILLION SHARES AT 6.25 RUPEESPER SHARE TO PROMOTERS ON PREFERENTIAL BASIS
Source text: ID:nBSE8Wj94h
Further company coverage: INST.BO
(([email protected];))
Nov 22 (Reuters) - India Steel Works Ltd INST.BO:
INDIA STEEL WORKS -TO ISSUE UPTO 97.5 MILLION SHARES AT 6.25 RUPEESPER SHARE TO PROMOTERS ON PREFERENTIAL BASIS
Source text: ID:nBSE8Wj94h
Further company coverage: INST.BO
(([email protected];))
Nov 20 (Reuters) - India Steel Works Ltd INST.BO:
INDIA STEEL WORKS LTD - DISMISSAL OF APPEAL FILED BY KOTAK MAHINDRA BANK
INDIA STEEL WORKS LTD - COMPANY APPEAL DISMISSED ON 19 NOV 2024 AS WITHDRAWN
Source text: ID:nBSE96Pbp9
Further company coverage: INST.BO
(([email protected];;))
Nov 20 (Reuters) - India Steel Works Ltd INST.BO:
INDIA STEEL WORKS LTD - DISMISSAL OF APPEAL FILED BY KOTAK MAHINDRA BANK
INDIA STEEL WORKS LTD - COMPANY APPEAL DISMISSED ON 19 NOV 2024 AS WITHDRAWN
Source text: ID:nBSE96Pbp9
Further company coverage: INST.BO
(([email protected];;))
Nov 18 (Reuters) - India Steel Works Ltd INST.BO:
INDIA STEEL WORKS LTD - TO CONSIDER RAISING OF FUNDS
Source text: ID:nBSE71tx5L
Further company coverage: INST.BO
(([email protected];;))
Nov 18 (Reuters) - India Steel Works Ltd INST.BO:
INDIA STEEL WORKS LTD - TO CONSIDER RAISING OF FUNDS
Source text: ID:nBSE71tx5L
Further company coverage: INST.BO
(([email protected];;))
Oct 4 (Reuters) - India Steel Works Ltd INST.BO:
ENTERED INTO CONSENT TERM FOR ONE TIME SETTLEMENT WITH KOTAK MAHINDRA BANK
TO PAY 240 MILLION RUPEES TO KOTAK MAHINDRA BANK IN FULL & FINAL SETTLEMENT
Source text for Eikon: ID:nBSEbzsxFr
Further company coverage: INST.BO
(([email protected];;))
Oct 4 (Reuters) - India Steel Works Ltd INST.BO:
ENTERED INTO CONSENT TERM FOR ONE TIME SETTLEMENT WITH KOTAK MAHINDRA BANK
TO PAY 240 MILLION RUPEES TO KOTAK MAHINDRA BANK IN FULL & FINAL SETTLEMENT
Source text for Eikon: ID:nBSEbzsxFr
Further company coverage: INST.BO
(([email protected];;))
Repeats story with no changes to text
By Neha Arora
NEW DELHI, June 29 (Reuters) - India's steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct knowledge of the matter said on Saturday, amid persistent calls for higher tariffs from top producers.
India turned net steel importer in the fiscal year that ended in March and the trend continues with its finished steel imports scaling a five-year high in April and May, according to provisional government data.
India imported 1.1 million metric tons of finished steel between April and May, up 19.8% from a year earlier.
"The steel ministry has apprised the commerce ministry on rising imports and industry has sought a probe," the source said, declining to be identified as discussions are not public.
India is monitoring cheap Chinese imports, the source said, as China continues to be top exporter of steel to the Asia's third-largest economy in recent months.
Major Indian steel producers such as Tata Steel TISC.NS have flagged Chinese imports as a "growing concern."
India's steel mills, alarmed by a sharp rise in imports, have repeatedly called for government interventions and higher import taxes. However, the federal Ministry of Steel has resisted such calls, citing strong local demand.
Earlier on Saturday, a senior executive at ArcelorMittal Nippon Steel India ESRG.UL said the government should consider raising the basic customs duty on steel to 12.5% from 7.5% due to surging imports.
"Immediately, we should go back to 12.5% duty regime, which was there earlier," said Ranjan Dhar, director and vice president, sales and marketing, ArcelorMittal Nippon Steel India.
(Reporting by Neha Arora; Writing by Nikunj Ohri; Editing by William Mallard and Himani Sarkar)
((neha[email protected];))
Repeats story with no changes to text
By Neha Arora
NEW DELHI, June 29 (Reuters) - India's steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct knowledge of the matter said on Saturday, amid persistent calls for higher tariffs from top producers.
India turned net steel importer in the fiscal year that ended in March and the trend continues with its finished steel imports scaling a five-year high in April and May, according to provisional government data.
India imported 1.1 million metric tons of finished steel between April and May, up 19.8% from a year earlier.
"The steel ministry has apprised the commerce ministry on rising imports and industry has sought a probe," the source said, declining to be identified as discussions are not public.
India is monitoring cheap Chinese imports, the source said, as China continues to be top exporter of steel to the Asia's third-largest economy in recent months.
Major Indian steel producers such as Tata Steel TISC.NS have flagged Chinese imports as a "growing concern."
India's steel mills, alarmed by a sharp rise in imports, have repeatedly called for government interventions and higher import taxes. However, the federal Ministry of Steel has resisted such calls, citing strong local demand.
Earlier on Saturday, a senior executive at ArcelorMittal Nippon Steel India ESRG.UL said the government should consider raising the basic customs duty on steel to 12.5% from 7.5% due to surging imports.
"Immediately, we should go back to 12.5% duty regime, which was there earlier," said Ranjan Dhar, director and vice president, sales and marketing, ArcelorMittal Nippon Steel India.
(Reporting by Neha Arora; Writing by Nikunj Ohri; Editing by William Mallard and Himani Sarkar)
((neha[email protected];))
Adds April-May imports, comment from source, other details in paragraphs 2-9
By Neha Arora
NEW DELHI, June 29 (Reuters) - India's steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct knowledge of the matter said on Saturday, amid persistent calls for higher tariffs from top producers.
India turned net steel importer in the fiscal year that ended in March and the trend continues with its finished steel imports scaling a five-year high in April and May, according to provisional government data.
India imported 1.1 million metric tons of finished steel between April and May, up 19.8% from a year earlier.
"The steel ministry has apprised the commerce ministry on rising imports and industry has sought a probe," the source said, declining to be identified as discussions are not public.
India is monitoring cheap Chinese imports, the source said, as China continues to be top exporter of steel to the Asia's third-largest economy in recent months.
Major Indian steel producers such as Tata Steel TISC.NS have flagged Chinese imports as a "growing concern."
India's steel mills, alarmed by a sharp rise in imports, have repeatedly called for government interventions and higher import taxes. However, the federal Ministry of Steel has resisted such calls, citing strong local demand.
Earlier on Saturday, a senior executive at ArcelorMittal Nippon Steel India ESRG.UL said the government should consider raising the basic customs duty on steel to 12.5% from 7.5% due to surging imports.
"Immediately, we should go back to 12.5% duty regime, which was there earlier," said Ranjan Dhar, director and vice president, sales and marketing, ArcelorMittal Nippon Steel India.
(Reporting by Neha Arora; Writing by Nikunj Ohri; Editing by William Mallard and Himani Sarkar)
((neha[email protected];))
Adds April-May imports, comment from source, other details in paragraphs 2-9
By Neha Arora
NEW DELHI, June 29 (Reuters) - India's steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct knowledge of the matter said on Saturday, amid persistent calls for higher tariffs from top producers.
India turned net steel importer in the fiscal year that ended in March and the trend continues with its finished steel imports scaling a five-year high in April and May, according to provisional government data.
India imported 1.1 million metric tons of finished steel between April and May, up 19.8% from a year earlier.
"The steel ministry has apprised the commerce ministry on rising imports and industry has sought a probe," the source said, declining to be identified as discussions are not public.
India is monitoring cheap Chinese imports, the source said, as China continues to be top exporter of steel to the Asia's third-largest economy in recent months.
Major Indian steel producers such as Tata Steel TISC.NS have flagged Chinese imports as a "growing concern."
India's steel mills, alarmed by a sharp rise in imports, have repeatedly called for government interventions and higher import taxes. However, the federal Ministry of Steel has resisted such calls, citing strong local demand.
Earlier on Saturday, a senior executive at ArcelorMittal Nippon Steel India ESRG.UL said the government should consider raising the basic customs duty on steel to 12.5% from 7.5% due to surging imports.
"Immediately, we should go back to 12.5% duty regime, which was there earlier," said Ranjan Dhar, director and vice president, sales and marketing, ArcelorMittal Nippon Steel India.
(Reporting by Neha Arora; Writing by Nikunj Ohri; Editing by William Mallard and Himani Sarkar)
((neha[email protected];))
March 26 (Reuters) - India Steel Works Ltd INST.BO:
APPROVED PROPOSAL FOR RAISING FUND WORTH UPTO 350 MILLION RUPEES
RAISING FUND VIA UNSECURED LOANS
Source text for Eikon: ID:nBSE56S68V
Further company coverage: INST.BO
(([email protected];))
March 26 (Reuters) - India Steel Works Ltd INST.BO:
APPROVED PROPOSAL FOR RAISING FUND WORTH UPTO 350 MILLION RUPEES
RAISING FUND VIA UNSECURED LOANS
Source text for Eikon: ID:nBSE56S68V
Further company coverage: INST.BO
(([email protected];))
Jan 16 (Reuters) - India Steel Works Ltd INST.BO:
CONSIDERED A PROPOSAL TO RESTRUCTURE EXISTING BUSINESS
TO EXPLORE ENTERING IN TO BUSINESS OF RE-DEVELOPMENT OF LAND & BUILDINGS WHEREVER SITUATED IN INDIA
Further company coverage: INST.BO
(([email protected];))
Jan 16 (Reuters) - India Steel Works Ltd INST.BO:
CONSIDERED A PROPOSAL TO RESTRUCTURE EXISTING BUSINESS
TO EXPLORE ENTERING IN TO BUSINESS OF RE-DEVELOPMENT OF LAND & BUILDINGS WHEREVER SITUATED IN INDIA
Further company coverage: INST.BO
(([email protected];))
June 30 (Reuters) - India Steel Works Ltd INST.BO:
CO IS IN CONTINUOUS DISCUSSIONS WITH WORKERS UNION, LENDERS, POTENTIAL INVESTORS , SUPPLIERS TO REVIVE OPERATIONS
Source text for Eikon: ID:nBSE5cFch8
Further company coverage: INST.BO
(([email protected];))
June 30 (Reuters) - India Steel Works Ltd INST.BO:
CO IS IN CONTINUOUS DISCUSSIONS WITH WORKERS UNION, LENDERS, POTENTIAL INVESTORS , SUPPLIERS TO REVIVE OPERATIONS
Source text for Eikon: ID:nBSE5cFch8
Further company coverage: INST.BO
(([email protected];))
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What does India Homes do?
India Steel Works Limited is a public limited company based in India, specializing in the manufacturing and trading of steel products such as Hot rolled, Bars & Rods, Bright Bars, and more.
Who are the competitors of India Homes?
India Homes major competitors are Kamdhenu, Hariom Pipe Inds., Gandhi Spl. Tubes, Mangalam Worldwide, Cosmic CRF, Electrotherm (India), Manaksia CoatedMetal. Market Cap of India Homes is ₹1,131 Crs. While the median market cap of its peers are ₹1,173 Crs.
Is India Homes financially stable compared to its competitors?
India Homes seems to be less financially stable compared to its competitors. Altman Z score of India Homes is 1.43 and is ranked 8 out of its 8 competitors.
Does India Homes pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. India Homes latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has India Homes allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances
How strong is India Homes balance sheet?
India Homes balance sheet is weak and might have solvency issues
Is the profitablity of India Homes improving?
The profit is oscillating. The profit of India Homes is ₹23.57 Crs for TTM, -₹13.39 Crs for Mar 2025 and -₹11.62 Crs for Mar 2024.
Is the debt of India Homes increasing or decreasing?
Yes, The net debt of India Homes is increasing. Latest net debt of India Homes is ₹102 Crs as of Mar-25. This is greater than Mar-24 when it was ₹92.24 Crs.
Is India Homes stock expensive?
Yes, India Homes is expensive. Latest PE of India Homes is 47.96, while 3 year average PE is 3.5. Also latest EV/EBITDA of India Homes is 57.31 while 3yr average is 3.28.
Has the share price of India Homes grown faster than its competition?
India Homes has given better returns compared to its competitors. India Homes has grown at ~123.82% over the last 3yrs while peers have grown at a median rate of 47.69%
Is the promoter bullish about India Homes?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in India Homes is 34.25% and last quarter promoter holding is 35.4%
Are mutual funds buying/selling India Homes?
There is Insufficient data to gauge this.