About
India Homes Limited engages in the manufacture and trading of stainless-steel and allied products primarily in India. It offers hot rolled products, including wire rods, round bars, cast billets, rolled billets, and cut billets; bright bar products; and wires. The company was formerly known as India Steel Works Limited and changed its name to India Homes Limited in September 2025. India Steel Works Limited was founded in 1957 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap1,143 Cr
P/E—
Div Yield0.00 %
Book Value₹0.93
52w High₹29.50
52w Low₹9.04
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.82 | 1.23 | 0.60 | 1.54 | 1.34 | 6.66 | 9.10 | 5.29 | 2.75 | 48.32 | 47.27 | 45.79 |
| Expenses | 1.90 | 2.34 | 7.19 | 4.16 | 6.97 | 6.38 | 58.71 | 11.88 | 8.59 | 5.98 | 77.30 | 49.35 | 44.84 |
| Operating Profit | -1.90 | -1.52 | -5.96 | -3.56 | -5.43 | -5.04 | -52.05 | -2.78 | -3.30 | -3.23 | -28.98 | -2.08 | 0.95 |
| OPM % | — | -185.37 | -484.55 | -593.33 | -352.60 | -376.12 | -781.53 | -30.55 | -62.38 | -117.45 | -59.98 | -4.40 | 2.07 |
| Other Income | 0.36 | 0.37 | -0.83 | 0.06 | 0.06 | 0.46 | 19.40 | 2.83 | 1.00 | 2.89 | 26.07 | 3.97 | 0.24 |
| Depreciation | 1.87 | 1.85 | 1.84 | 1.89 | 1.87 | 1.87 | 1.86 | 1.90 | 1.89 | 1.90 | 1.15 | 1.14 | 2.66 |
| Interest | 2.62 | 2.45 | 1.89 | 2.16 | 2.19 | 1.98 | 0.59 | 2.28 | 2.64 | 2.38 | 3.09 | 1.79 | 2.07 |
| Profit before tax | -6.03 | -5.45 | -10.52 | -7.55 | -9.43 | -8.43 | -35.10 | -4.13 | -6.83 | -4.62 | -7.15 | -1.04 | -3.54 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -6.03 | -5.45 | -10.51 | -7.55 | -9.43 | -8.43 | -35.10 | -4.13 | -6.83 | -4.62 | -7.15 | -1.04 | -3.55 |
| EPS in Rs | -0.15 | -0.14 | -0.26 | -0.19 | -0.24 | -0.21 | -0.88 | -0.10 | -0.17 | -0.12 | -0.18 | -0.03 | -0.09 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|
| Sales | 5.00 | 24.00 | 144.00 | 140.00 | 532.00 |
| Expenses | 25.00 | 85.00 | 177.00 | 176.00 | 539.00 |
| Operating Profit | -20.00 | -61.00 | -33.00 | -36.00 | -7.00 |
| OPM % | -428.00 | -258.00 | -23.00 | -26.00 | -1.30 |
| Other Income | 0.00 | 26.00 | 30.00 | 37.00 | 26.00 |
| Interest | 8.00 | 8.00 | 9.00 | 10.00 | 13.00 |
| Depreciation | 7.00 | 8.00 | 8.00 | 11.00 | 11.00 |
| Profit before tax | -36.00 | -51.00 | -20.00 | -20.00 | -5.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -36.00 | -51.00 | -20.00 | -20.00 | -5.00 |
| EPS in Rs | -0.90 | -1.27 | -0.50 | -0.49 | -0.14 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|
| Equity Capital | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 | 40.00 |
| Reserves | -3.00 | 9.00 | 46.00 | 95.00 | 115.00 | 134.00 |
| Borrowings | 75.00 | 71.00 | 64.00 | 125.00 | 110.00 | 93.00 |
| Other Liabilities | 296.00 | 293.00 | 288.00 | 274.00 | 312.00 | 327.00 |
| Total Liabilities | 408.00 | 413.00 | 437.00 | 535.00 | 577.00 | 594.00 |
| Fixed Assets | 213.00 | 216.00 | 224.00 | 231.00 | 239.00 | 249.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 2.00 | 2.00 | 2.00 |
| Other Assets | 195.00 | 196.00 | 213.00 | 301.00 | 335.00 | 342.00 |
| Total Assets | 408.00 | 413.00 | 437.00 | 535.00 | 577.00 | 594.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|
| Cash from Operating Activity | -1.00 | -4.00 | -40.00 | -42.00 | -4.00 |
| Cash from Investing Activity | 0.00 | 0.00 | 1.00 | 0.00 | -5.00 |
| Cash from Financing Activity | 1.00 | 3.00 | 39.00 | 42.00 | 9.00 |
| Net Cash Flow | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | -1.00 | -4.00 | -40.00 | -42.00 | -7.00 |
| CFO/OP % | 5.00 | 6.00 | 122.00 | 116.00 | 53.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|
| Debtor Days | 18.00 | 4.00 | 26.00 | 35.00 | 26.00 |
| Inventory Days | 6,216.00 | 2,432.00 | 563.00 | 242.00 | 127.00 |
| Days Payable | 7,941.00 | 2,681.00 | 192.00 | 329.00 | 178.00 |
| Cash Conversion Cycle | -1,707.00 | -245.00 | 397.00 | -53.00 | -24.00 |
| Working Capital Days | -13,558.00 | -2,227.00 | 111.00 | -304.00 | -40.00 |
| ROCE % | -19.00 | -29.00 | -3.00 | -4.00 | — |
Corporate Actions
1 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 21 Sep 2006 | — | — | — | Reduction of Capital |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update21 Feb 2025 from brickwork
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Rating update19 Jan 2024 from brickwork
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Rating update24 Nov 2022 from brickwork
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Rating update8 Dec 2021 from brickwork
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Rating update4 Dec 2020 from brickwork
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Rating update18 Jun 2019 from brickwork