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Hira Ferro Alloys Ltd. (HFAL) logo
UNLISTED COMPANY PROFILE

HIRA FERRO ALLOYS LTD. (HFAL)

METALS & MINING LINE
INDICATIVE PRICE / SHARE
₹168
▼ 1.2% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2021

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹200
₹90
13 Dec 2113 Aug 2602 Sept 26

ALL-TIME LOW
₹90
ALL-TIME HIGH
₹200
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹370 Cr
Latest available company data
Min. investment
₹10,080
Indicative price × lot size
Lot size
60
P/E ratio
12.66
P/B ratio
0.50
EPS
13.27
ROE
4.05%
Book value
₹334.73
Face value
₹10
Debt / equity
0.19
ISIN
INE573I01011
Company security identifier
THE BUSINESS · HOW IT EARNS

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.

About this 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 thermal, biomass and wind sources. Its operations further extend to briquettes and fly-ash bricks. HFAL is tracked in the unlisted market because its equity shares are held in dematerialised form and change hands off-market, while the company itself is not listed on the NSE or BSE. This gives interested investors exposure to a ferro-alloys producer connected to a listed parent. As with all unlisted and pre-IPO shares, HFAL stock carries higher risk and lower liquidity than listed securities, and there is no assurance of any future listing. The information here is provided for general reference only.

COMPANY AT A GLANCE
Sector lineMetals & Mining
SettlementNSDL / CDSL
Incorporated1984
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U27101CT1984PLC005837
PAN
AAACH5697M
Incorporated
1984
Outstanding shares
2,31,88,500 (23,188,500)
Registered office
567B, Urla Industrial Area, Raipur 493221, Chhattisgarh, India
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY21FY22FY23FY24FY25
REVENUE31,40059,30045,40034,56159,560
PAT2,07511,3002,2008203,077
EPS (₹)11499413
PAT MARGIN7%19%5%2%5%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Narayan Prasad Agrawal
Managing Director
Yarra Chandra Rao
Chairman
Dilip Chauhan
Chief Financial Officer
COMPANY TIMELINE · EVENTS
Appointed Hukam Chand Daga as an Additional Independent Director for a five-year term. (10 Aug 2024)
READ THE NOTICE →
Sold its entire stake in Xtratrust Digisign Private Limited, after which Xtratrust ceased to be an associate company. (31 Dec 2024)
READ THE NOTICE →
THE GLOVEBOX · ANNUAL REPORTS
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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Hira Ferro Alloys Ltd. (HFAL) listed on the stock exchange?+

No. As of 2 September 2026, Hira Ferro Alloys Ltd. (HFAL) is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Hira Ferro Alloys Ltd. (HFAL) unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of Hira Ferro Alloys Ltd. (HFAL) is ₹168 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Hira Ferro Alloys Ltd. (HFAL) unlisted shares?+

The displayed unit count is 60 share(s); at the indicative price of about ₹168, the displayed amount is approximately ₹10,080. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Hira Ferro Alloys Ltd. (HFAL)?+

The recorded ISIN of Hira Ferro Alloys Ltd. (HFAL) is INE573I01011. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Hira Ferro Alloys Ltd. (HFAL) unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
METALS & MINING LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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