One of the small-cap stocks engaged in manufacturing and processing metals and minerals such as MNO, MC Manganese, Manganese Ore, Wood Charcoal, Quartz and Quartz Slabs, and recycling of rare earth minerals. The stock has jumped by 6.07 percent after launching advanced charcoal production machines in Madhya Pradesh and Rajasthan.
Stock Price Movement:
In Friday’s trading session, Owais Metal and Mineral Processing Limited’s share jumped to an intraday high of 6.07 percent from the previous close of Rs. 1,036.10. The stock opened at Rs. 1,055 and is currently trading at Rs. 1,075.05, with a high of Rs. 1,099 and a low of Rs. 1,040. The market capitalization now stands at approximately Rs. 1,954.70 crore.
What Happened:
Owais Metal and Mineral Processing Limited has commenced commercial production of automatic charcoal production machines at its units in Madhya Pradesh and Rajasthan.
The advanced machines reduce the production cycle from six days to one and enhance efficiency, increasing the company’s annual capacity by 24,000 tons to a total of 34,800 tons. This significant capacity expansion underscores the company’s commitment to innovation and operational excellence, ensuring better productivity.
Future Outlook:
Owais Metal and Mineral Processing Limited aims to double its revenue and profits in FY 2025, leveraging robust H1 performance. The company plans to capitalize on rare earth processing, expecting Rs. 57-58 crores in revenue from its 100 kg/day capacity. Rare earth materials are projected to deliver strong EBITDA margins of 36% to 40%, driving profitability.
New Developments:
Owais Metal and Mineral Processing Limited is advancing into lithium-ion battery recycling, targeting pilot production within six months. Commercial rare earth material production is set for early 2025. Quartz processing continues delivering robust 60% profit margins, driven by efficiency.
Also read….
Recent quarter results and ratios:
Owais Metal and Mineral Processing Limited’s revenue has increased from Rs. 30 crore in Q2 FY24 to Rs. 105 crore in Q2 FY25, which has grown by 250 percent. The net profit of Owais Metal and Mineral Processing Limited has also grown by 257.14 percent, from Rs. 7 crore in Q2 FY24 to Rs. 25 crore in Q2 FY25.
In terms of return ratios, the company’s ROCE and ROE should be 52.1 percent and 44.9 percent, respectively. The debt-to-equity ratio of the company is to be 0.46x. Owais Metal and Mineral Processing Limited’s EPS is to be Rs. 18.4.
Company Overview:
Owais Metal and Mineral Processing Limited (OMMPL) was incorporated in December 2022 and specializes in manufacturing and processing various metals and minerals. The company is headquartered in Meghnagar, Madhya Pradesh. The company is led by Mr. Saiyyed Owais Ali, leveraging his extensive expertise in mining and manufacturing to drive innovation and growth.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
