Synopsis: Innomet Advanced Materials has secured an international purchase order worth USD 463,200 (around Rs. 4.38 crore) from Israel-based Scope Metals Group Ltd for the supply of precision tungsten components manufactured to ASTM and AMS international specifications.
The order strengthens the company’s export presence and reinforces its capabilities in supplying high-performance advanced materials to global industrial customers.
Shares of Innomet Advanced Materials Limited were trading at Rs 137.25, up 1.97 percent from the previous close of Rs 134.60. The company currently has a market capitalisation of Rs 174 crore and is trading at a P/E ratio of 110.94.
Tungsten is a high-strength, heat-resistant metal widely used in the defence, aerospace, electronics, medical equipment and other high-performance industrial applications. Under this order, Innomet will manufacture and export precision tungsten components to globally recognised ASTM and AMS standards.
Scope Metals Group Ltd, a premier international enterprise based in Israel, has placed an export order with the company for the supply of ASTM B777 Class 2 sintered tungsten square cubes and test cubes worth USD 463,200 (around Rs 4.38 crore). The order shall be carried out as per the mutually agreed schedule of delivery.
The order is relatively low in value, but export orders from overseas industrial customers demonstrate that the company’s manufacturing quality meets global specifications, helping build credibility in international markets. The company also confirmed that the transaction does not change its business model or risk profile and that its promoters or promoter group entities have no stake in the overseas customer.
Financials
The company reported Rs 30.33 crore in operational revenue in H2 FY26, as against Rs 17.88 crore in H2 FY25, which reflects a strong year-on-year growth of 69.6 percent and a rise of 28.88 percent over Rs 23.53 crore in H1 FY26. However, operating profit dropped to Rs 1.35 crore in H2 FY26 from Rs 1.67 crore in H2 FY25. Operating margin also shrank sharply YoY from 9.34% to 4.45% due to higher operating costs.
The company posted a net loss of Rs 0.44 crore in H2 FY26 against a net profit of Rs 0.16 crore in H2 FY25. Earnings per share (EPS) fell to negative Rs 0.34 from Rs 0.12, indicating pressure on profitability despite good revenue growth.
The company’s return ratios showed a ROCE of 5.68 percent and ROE of 3.73 percent, indicating modest returns on capital and shareholders’ equity. The debt-to-equity ratio was 0.35x, showing a moderate level of leverage. The company had 5-year sales CAGR of 34 percent, and 3-year sales CAGR of 32 percent over the longer term. However, the 3-year profit CAGR fell 21 percent.
Innomet Advanced Materials Limited is engaged in the manufacturing of advanced metallurgy products such as tungsten, molybdenum, copper-tungsten, heavy alloys and other engineered speciality metal components. The company’s products are used by domestic and international customers in defence, aerospace, electronics, medical, energy and industrial engineering applications.
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