Hira Ferro Alloys Ltd. (HFAL) Unlisted Share Price
Hira Ferro Alloys Ltd. (HFAL) unlisted share price is ₹168 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 150 shares), the same for every company. Sector: IT & Industrials. Status: unlisted, no DRHP on record.
All unlisted share prices: dated indicative prices for every company the desk tracks.
Updated 17 Oct 2026, 22:10 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; Hira Ferro Alloys Ltd. (HFAL)’s indicative price is ₹168 per share as of 17 Oct 2026, a lot of 150 shares.
Key facts
- Indicative price
- ₹168 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 150 shares
- Sector
- IT & Industrials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 17 Oct 2026, 22:10 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 17 Oct 2026
- Delivery
- Shares are credited to your demat account
In plain words
- Lock-in if it lists
- Shares bought before an IPO are generally locked in for six months from the IPO allotment date under SEBI rules. The issue documents set the exact terms.
- Demat
- Yes. ISIN INE573I01011: the shares sit in your own demat account and move demat to demat through NSDL or CDSL.
- IPO status
- Unlisted. No DRHP on record.
Facts only, not a rating or a recommendation.
Compare it against the full unlisted share price list: every company the desk quotes, each with a dated indicative price.
Indicative move: -1.2% over 3 months.
Key figures
| Market cap | ₹369.86 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 150 |
| P/E ratio | 12.66x |
| ROE | 4.05% |
| Book value | ₹334.73 |
| Face value | ₹10 |
| 52-week high | ₹170 |
| 52-week low | ₹160 |
| ISIN | INE573I01011 |
| Dividend yield | — |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 454 | 346 | 596 |
| PAT | 22.0 | 8.20 | 30.8 |
| EPS (₹) | 9.49 | 3.54 | 13.3 |
About the company
Hira Ferro Alloys Ltd. (HFAL) is an Indian manufacturer of ferro alloys, part of the Hira Group of industries and a subsidiary of the listed Godawari Power & Ispat Limited. Incorporated in 1984 and based in the Urla Industrial Area of Raipur, Chhattisgarh, the company produces manganese-based ferro alloys used in steel making and refining, and also runs captive power generation drawing on…
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Chhattisgarh.
Registry
- ISIN: INE573I01011
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U27101CT1984PLC005837 |
|---|---|
| Incorporated | 1984 |
| ISIN | INE573I01011 |
| Face value | ₹10 |
| Registered office | 567B, Urla Industrial Area, Raipur 493221, Chhattisgarh, India |
| Lot size | 150 shares |
| Minimum units | 60 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY25 vs FY24 |
|---|---|---|---|---|---|---|
| Revenue | 314 | 593 | 454 | 345.61 | 595.6 | +72.3% |
| EBITDA | — | 154 | 28 | 20 | 67 | +235% |
| Profit before tax | — | 158 | 29 | 11 | 42 | +281.8% |
| Profit after tax | 20.75 | 113 | 22 | 8.2 | 30.77 | +275.2% |
| EPS (₹) | 10.6 | 48.75 | 9.49 | 3.54 | 13.27 | +274.9% |
| Operating margin | — | — | — | 5.8% | — | — |
| Net margin | — | — | — | 2.4% | 5.2% | +2.8 pts |
| Share capital | — | — | — | 23.19 | 23.19 | +0% |
| Reserves & surplus | — | — | — | 682.99 | 742.79 | +8.8% |
| Net worth | — | — | — | 706.18 | 765.98 | +8.5% |
| Fixed assets | — | — | — | 349.86 | 349.51 | −0.1% |
| Investments | — | — | — | 391.73 | 430.05 | +9.8% |
| Trade receivables | — | — | — | 26.17 | 44.93 | +71.7% |
| Trade payables | — | — | — | 66.09 | 73.46 | +11.2% |
| Cash from operations | — | — | — | 9.17 | 55.37 | ×6.0 |
| Cash from investing | — | — | — | 13.52 | −19.11 | profit to loss |
| Cash from financing | — | — | — | −132.82 | −36.25 | +72.7% |
| Net cash generated | — | — | — | −110.14 | 0.01 | loss to profit |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹168 | dealer reference, 17 Oct 2026 |
| Market cap | ₹369.86 Cr | as recorded |
| P/E | 12.66x | price ÷ EPS ₹13.27 (FY25) |
| P/B | 0.5x | price ÷ book value ₹334.73 |
| EPS | ₹13.27 | per share, FY25 |
| Book value | ₹334.73 | per share, latest books |
| RoE | 4.05% | return on equity, latest FY |
| Debt / equity | 0.19 | latest balance sheet |
| Dividend yield | — | |
| Face value | ₹10 | per share |
| 52-week range | ₹160 – ₹170 | 115 dated quotes, last 12 months |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Promoters (Godawari Power & Ispat Ltd) | 91.83% |
| Public | Public & Others | 8.17% |
Promoters 91.83% · Public 8.17%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Narayan Prasad Agrawal | Managing Director | — |
| Yarra Chandra Rao | Chairman | — |
| Dilip Chauhan | Chief Financial Officer | — |
Business model
Hira Ferro Alloys Limited states in its annual report that it is engaged in manufacturing ferro-alloy products and generating electricity. The financial-statements note similarly describes the company as mainly engaged in electricity generation and ferro-alloy manufacturing. For FY2024-25, the directors report says that the company generated power through solar energy that was captively consumed for manufacturing activities, and that this did not change the nature of its business.
The report describes the operating performance of its ferro-alloy business separately from power sales: it reports ferro-alloy production of 69,667.45 MT and sales of 71,639.65 MT during FY2024-25. It also reports ferro-alloy sales turnover of INR 52,800.33 lakh and power sales of INR 6,545.28 lakh for the year. The company therefore reports two stated operating activities—ferro-alloy manufacturing and electricity generation—with solar power used internally in the manufacturing activity.
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Other | Appointed Hukam Chand Daga as an Additional Independent Director for a five-year term. (10 Aug 2024) | — | Desk note |
| Undated | Other | Sold its entire stake in Xtratrust Digisign Private Limited, after which Xtratrust ceased to be an associate company. (31 Dec 2024) | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- Hira Ferro Alloys Ltd. (HFAL) annual report 2024-25 (PDF)
- Hira Ferro Alloys Ltd. (HFAL) annual report 2023-24 (PDF)
- Hira Ferro Alloys Ltd. (HFAL) annual report 2022-23 (PDF)
- Hira Ferro Alloys Ltd. (HFAL) annual report 2021-22 (PDF)
Frequently asked questions
What does Hira Ferro Alloys Ltd. (HFAL) do?
Hira Ferro Alloys Ltd. is a Raipur, Chhattisgarh based manufacturer of manganese-based ferro alloys used in steel making and refining. Part of the Hira Group, it also operates captive power generation across thermal, biomass and wind sources and produces briquettes and fly-ash bricks. It is a subsidiary of Godawari Power & Ispat Limited.
Is Hira Ferro Alloys Ltd. listed on the stock exchange?
No. HFAL is currently an unlisted company and its shares are not traded on the NSE or BSE. The shares are held in dematerialised form and change hands in the off-market (unlisted) segment. Its parent, Godawari Power & Ispat Limited, is listed, but HFAL itself has not completed an IPO.
How can I buy Hira Ferro Alloys Ltd. unlisted shares?
Unlisted shares are transacted off-market and settled into your demat account. To understand current availability, indicative pricing and the transfer process for HFAL shares, you can contact the desk, who can explain the documentation and settlement steps.
What are the risks of investing in HFAL unlisted shares?
Unlisted and pre-IPO shares such as HFAL carry higher risk and lower liquidity than listed stocks. Prices are indicative and can be volatile, there is no assured exit or assurance of a future listing, and financial disclosures may be less frequent. Investors should weigh these factors and their own risk tolerance carefully.
What is the Hira Ferro Alloys Ltd. (HFAL) unlisted share price today?
The indicative over-the-counter reference price is ₹168 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Hira Ferro Alloys Ltd. (HFAL) listed on a stock exchange?
Not yet. Hira Ferro Alloys Ltd. (HFAL) changes hands in the unlisted market, over the counter and settle into your demat account through NSDL and CDSL.
What is the minimum investment in Hira Ferro Alloys Ltd. (HFAL)?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Hira Ferro Alloys Ltd. (HFAL)?
INE573I01011. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Hira Ferro Alloys Ltd. (HFAL) unlisted shares?
Send an enquiry with the quantity you have in mind. The desk replies with a dated quote, the paperwork list and the demat steps, and the shares settle demat to demat into your own account.
Is there a lock-in if Hira Ferro Alloys Ltd. (HFAL) lists?
Pre-IPO shareholders other than promoters are generally locked in for six months from the date of IPO allotment under SEBI ICDR regulation 17. The final offer document sets the exact terms.
Sources
- Hira Ferro Alloys Ltd. (HFAL) annual report 2024-25 · FY 2024-25 · hiraferroalloys.com
- Hira Ferro Alloys Ltd. (HFAL) annual report 2023-24 · FY 2023-24 · hiraferroalloys.com
- Hira Ferro Alloys Ltd. (HFAL) annual report 2022-23 · FY 2022-23 · hiraferroalloys.com
- Hira Ferro Alloys Ltd. (HFAL) annual report 2021-22 · FY 2021-22 · hiraferroalloys.com
- BuyUnlistedShares indicative price series for Hira Ferro Alloys Ltd. (HFAL), dated daily · since 17 Nov 2025 (115 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Hira Ferro Alloys Ltd. (HFAL) unlisted share price”, https://buyunlistedshares.com/unlisted-shares/hira-ferro-alloys-ltd, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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