During Tuesday’s trading session, the shares of a company engaged in the manufacturing and processing of metals and minerals surged nearly 16.2 percent on NSE, after the company reported Business Updates with achieving estimated total revenue growth of 280 percent YoY and strong order book.
Price Movement
With a market capitalisation of Rs. 1,445.5 crores, at 02:42 p.m., the shares of Owais Metal And Mineral Processing Limited were trading in the green at Rs. 795, up by around 13.2 percent, as against its previous closing price of Rs. 702.15.
Business Highlights
According to the latest regulatory filings with the NSE, Owais Metal and Mineral Processing Limited has commenced the commercial production of the following rare earth elements: Tantalum Pentoxide (99.9% purity), Niobium Pentoxide (99.9% purity), Titanium Dioxide, and Tin. This expansion will allow the company to broaden its existing product portfolio and enhance overall profitability.
As pioneers in the extraction of rare minerals from mining waste, the company leads in converting residual slag into high-purity materials such as Tantalum Pentoxide and Niobium Pentoxide, which are crucial for capacitors, semiconductors, and advanced technologies.
The company is also planning to increase its current production capacity to become one of India’s leading recyclers, specializing in the recovery of rare earth elements from mining waste. This initiative reflects the company’s ongoing commitment to extracting rare earth elements from waste.
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Revenue Highlights
For the nine months ended on December 2024, Owais Metal has reported an Estimated Total Revenue of Rs. 150.2 crores, reflecting a growth of around 280 percent compared to the same period in FY24.
Order Book Highlights
The company currently holds work orders worth ~Rs. 151.41 crore, which are scheduled for completion by the end of February 2025.
The orders include the processing and manufacturing of products such as quartz, waste wood, manganese oxide, and ferro alloys, as well as the processing of rare earth, manganese ore and base metal.
The increased workload and expansion in core product processing are expected to strengthen the company’s market position and enhance its overall financial performance.
Financials
Owais Metal experienced significant growth in its revenue from operations, showing a year-on-year rise of 250 percent from Rs. 30 crores in H1 FY24 to Rs. 105 crores in H1 FY25.
Similarly, its net profit increased during the same period from Rs. 7 crores to Rs. 25 crores, indicating an impressive growth of around 257 percent YoY.
About the Company
Owais Metal And Mineral Processing Limited, previously known as Owais Ali Overseas Private Limited, is engaged in the business of manufacturing of Manganese Oxide (MNO), MC Manganese and Wood Charcoal, along with processing minerals such as Quartz and Manganese ore and other Metals and Minerals in India.
Written by Shivani Singh
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