---
title: "Innomet Advanced Materials Ltd (INNOMET) — Share Price, Financials & Analysis"
symbol: "INNOMET"
company: "Innomet Advanced Materials Ltd"
canonical: "https://tapetide.com/stocks/INNOMET"
isin: "INE0S1D01010"
nse_symbol: "INNOMET"
sector: "Metals & Mining"
industry: "Diversified Metals"
market_cap_cr: 359.09
generated_at: "2026-09-13T20:16:52.325Z"
---

# Innomet Advanced Materials Ltd (INNOMET)

Canonical page: https://tapetide.com/stocks/INNOMET

## Company

- **NSE Symbol:** INNOMET
- **ISIN:** INE0S1D01010
- **Sector:** Metals & Mining
- **Industry:** Diversified Metals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2024-09-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** innomet.net

## About

Incorporated in 1984, Innomet Advanced Materials Ltd is a manufacturer of specialty powder metallurgy products[1]

## Latest Price

- **Price:** ₹283
- **Change:** +5.5 (+1.98%)
- **Open:** ₹271.95
- **Day High:** ₹283
- **Day Low:** ₹271.95
- **Previous Close:** ₹277.5
- **Volume:** 63600
- **As Of:** 2026-09-11T09:45:06+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:19.332046Z.

- **Market Cap:** ₹359.09 Cr
- **Classification:** SME
- **P/E (reported):** 227.5
- **Book Value:** ₹33.15
- **Price to Book:** 8.37
- **Dividend Yield:** 0%
- **ROE:** 3.67%
- **ROCE:** 6.24%
- **Debt to Equity:** 0.35
- **Revenue (yearly):** ₹54.2 Cr
- **Net Income:** ₹1.6 Cr
- **EBITDA:** ₹5.9 Cr
- **52-Week High:** ₹293.75
- **52-Week Low:** ₹63.15
- **RSI (14):** 79.63

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 71.07 | 9% |
| growth | 95.04 | 9% |
| momentum | 98.9 | 12% |
| ownership | 92.91 | 24% |
| quality | 88.12 | 22% |
| valuation | 25.36 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 8.54 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.70%
- Company has a low return on equity of 7.36% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 150.14% | 253.44% | — |
| ebitda margin growth | -33.9% | -43.67% | 42.82% |
| net income growth | -15.79% | -21% | 51% |
| revenue growth | 64.74% | 32% | 34% |
| roce | -16.35% | -69.05% | 16.51% |
| roe | -18.63% | 8.43% | -74.74% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 13.15 | 11.75 | 14.64 | 17.88 | 23.53 | 30.33 |
| Expenses | 11.72 | 8.83 | 11.26 | 16.21 | 19.27 | 28.98 |
| Operating Profit | 1.43 | 2.92 | 3.38 | 1.67 | 4.26 | 1.35 |
| OPM % | 10.87 | 24.85 | 23.09 | 9.34 | 18.1 | 4.45 |
| Other Income | 0.58 | 0.02 | 0.02 | 0.37 | 0.08 | 0.24 |
| Interest | 0.98 | 0.32 | 0.54 | 0.46 | 0.36 | 0.49 |
| Depreciation | 0.19 | 0.19 | 0.65 | 1.19 | 1.28 | 1.39 |
| Profit before tax | 0.84 | 2.43 | 2.21 | 0.39 | 2.7 | -0.29 |
| Tax % | 22.62 | 22.63 | 23.08 | 58.97 | 25.19 | 55.17 |
| Net Profit | 0.65 | 1.87 | 1.71 | 0.16 | 2.02 | -0.44 |
| EPS in Rs | 0.68 | 1.97 | 1.32 | 0.12 | 1.56 | -0.34 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 12.3 | 22.18 | 23.29 | 24.9 | 32.52 | 53.81 |
| Expenses | 11.18 | 20.49 | 17.56 | 20.54 | 27.47 | 48.21 |
| Operating Profit | 1.12 | 1.69 | 5.73 | 4.36 | 5.05 | 5.6 |
| OPM % | 9.11 | 7.62 | 24.6 | 17.51 | 15.53 | 10.41 |
| Other Income | 0.09 | 0.02 | 0.02 | 0.59 | 0.39 | 0.32 |
| Interest | 0.71 | 0.84 | 0.95 | 1.3 | 1 | 0.85 |
| Depreciation | 0.3 | 0.32 | 0.44 | 0.39 | 1.84 | 2.67 |
| Profit before tax | 0.2 | 0.55 | 4.36 | 3.26 | 2.6 | 2.4 |
| Tax % | 0 | 0 | 26.15 | 22.7 | 28.46 | 34.58 |
| Net Profit | 0.2 | 0.55 | 3.22 | 2.52 | 1.87 | 1.57 |
| EPS in Rs | 1.06 | 1.91 | 11.17 | 2.65 | 1.45 | 1.21 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.88 | 2.88 | 2.88 | 9.52 | 12.94 | 12.94 |
| Reserves | 0.42 | 0.91 | 4.18 | 5.2 | 28.38 | 29.96 |
| Borrowings | 7.87 | 9.82 | 12.1 | 13.31 | 15.23 | 14.92 |
| Other Liabilities | 2.24 | 2.28 | 3.41 | 5.99 | 4.54 | 4.09 |
| Total Liabilities | 12.41 | 15.89 | 22.57 | 34.02 | 61.09 | 61.91 |
| Fixed Assets | 3.14 | 3.12 | 3.44 | 15.46 | 19.2 | 21.59 |
| CWIP | 0 | 2.19 | 6.14 | 0.41 | 1.83 | 0.53 |
| Investments | 0.06 | 0.1 | 0.17 | 0 | 0 | 0.06 |
| Other Assets | 9.21 | 10.48 | 12.82 | 18.15 | 40.06 | 39.73 |
| Total Assets | 12.41 | 15.89 | 22.57 | 34.02 | 61.09 | 61.91 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.13 | -0.18 | 3.53 | 2.62 | -18.47 | 9.26 |
| Cash from Investing Activity | -0.69 | -2.72 | -4.72 | -6.09 | -8.42 | -8.01 |
| Cash from Financing Activity | 0.8 | 2.88 | 1.18 | 3.47 | 26.99 | 1.39 |
| Net Cash Flow | -0.02 | -0.01 | -0.01 | 0.01 | 0.1 | 2.64 |
| Free Cash Flow | -0.82 | -2.66 | -1.18 | -4.07 | -25.46 | 5.5 |
| CFO/OP | -12 | -11 | 62 | 60 | -357 | 177 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 38.87 | 25.84 | 24.13 | 51.6 | 71.38 | 74.61 |
| Inventory Days | 311.68 | 181.1 | 252.18 | 261.74 | 252.13 | 131.25 |
| Days Payable | 81.83 | 48.01 | 45.35 | 68.84 | 58.45 | 16.25 |
| Cash Conversion Cycle | 268.72 | 158.92 | 230.97 | 244.5 | 265.06 | 189.61 |
| Working Capital Days | 73.89 | 56.61 | 75.7 | 95.43 | 283.74 | 142.51 |
| ROCE % | — | 11.69 | 32.41 | 19.33 | 8.51 | 5.68 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Promoters | 54.8% | 54.8% | 54.8% | 56.72% |
| FIIs | 1.03% | 4.28% | 2.82% | 2.36% |
| DIIs | 0% | 0% | 0% | 3.38% |
| Government | 0% | 0% | 0% | 0% |
| Public | 19.79% | 20.05% | 23.36% | 21.52% |
| Others | 24.38% | 20.87% | 19.02% | 16.02% |
| No. of Shareholders | 2472 | 845 | 940 | 1174 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 4 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 277.89 | Buy |
| EMA (10) | 274.69 | Buy |
| SMA (20) | 256.25 | Buy |
| EMA (20) | 257.34 | Buy |
| SMA (50) | 209.2 | Buy |
| EMA (50) | 215.91 | Buy |
| SMA (100) | 156.25 | Buy |
| EMA (100) | 177.04 | Buy |
| SMA (200) | 120.8 | Buy |
| EMA (200) | 150.09 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 81.4 | Sell |
| MACD (12,26,9) | 23.7 | Sell |
| Stochastic (14,3,3) | 77.99 | Neutral |
| ADX (14) | 73.07 | Buy |
| Williams %R (14) | -20.48 | Neutral |
| ATR (14) | 6.02 | Neutral |
| ROC (12) | 15.02 | Buy |
| Stoch RSI (14) | 10.38 | Buy |
| UO (7,14,28) | 69.4 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 March 2026 - Received Rs.70.19 lakh purchase order from ENAR Weld Braze Pvt Ltd on March 9, 2026 for Metal Powder Division. | [Bagging/Receiving of orders/contracts 9 March 2026 - Received Rs.70.19 lakh purchase order from ENAR Weld Braze Pvt Ltd on March 9, 2026 for Metal Powder Division.](https://nsearchives.nseindia.com/corporate/INNOMET_09032026155843_090326IAMLPOSigned.pdf) |
| 9 July 2026 - Received Rs 1.22 crore purchase order from Federal-Mogul Goetze India for COPPER -INFILTRANT IPL96. | [Bagging/Receiving of orders/contracts 9 July 2026 - Received Rs 1.22 crore purchase order from Federal-Mogul Goetze India for COPPER -INFILTRANT IPL96.](https://nsearchives.nseindia.com/corporate/INNOMET_09072026141639_Intimation.pdf) |
| 9 April 2026 - Promoters disclosed no share encumbrance during FY 2025-26. | [Updates 9 April 2026 - Promoters disclosed no share encumbrance during FY 2025-26.](https://nsearchives.nseindia.com/corporate/INNOMET_09042026174507_Covering_Letter_Annexure_Signed.pdf) |
| 9 April 2026 - Innomet Advanced Materials Limited has informed about Bagging/Receiving of orders/contracts | [Bagging/Receiving of orders/contracts 9 April 2026 - Innomet Advanced Materials Limited has informed about Bagging/Receiving of orders/contracts](https://nsearchives.nseindia.com/corporate/INNOMET_09042026170429_NSC_Signed_Copy.pdf) |
| 8 May 2026 - Received $1,600,450 purchase order from Israel’s SCOPE METALS GROUP for THA division on 08.05.2026. | [Bagging/Receiving of orders/contracts 8 May 2026 - Received $1,600,450 purchase order from Israel’s SCOPE METALS GROUP for THA division on 08.05.2026.](https://nsearchives.nseindia.com/corporate/INNOMET_08052026191509_Intimation.pdf) |
| 7 May 2026 - Innomet named co-principal investigator for DRDO's Rs 873.26 lakh, 3-year inert gas atomiser project. | [Awarding of order(s)/contract(s) 7 May 2026 - Innomet named co-principal investigator for DRDO's Rs 873.26 lakh, 3-year inert gas atomiser project.](https://nsearchives.nseindia.com/corporate/INNOMET_07052026172942_Intimation.pdf) |
| 7 May 2026 - Innomet Advanced Materials received a $225,540 order from HUNTING TITAN INC, USA, for its metal powder division. | [Bagging/Receiving of orders/contracts 7 May 2026 - Innomet Advanced Materials received a $225,540 order from HUNTING TITAN INC, USA, for its metal powder division.](https://nsearchives.nseindia.com/corporate/INNOMET_07052026171701_Intimation.pdf) |
| 7 Aug - Received ₹1.09 crore purchase order from Federal-Mogul Goetze India for copper-infiltrant IPL96. | [Bagging/Receiving of orders/contracts 7 Aug - Received ₹1.09 crore purchase order from Federal-Mogul Goetze India for copper-infiltrant IPL96.](https://nsearchives.nseindia.com/corporate/INNOMET_07082026160215_Intimation.pdf) |
| 6 May 2026 - Innomet Advanced Materials received two domestic purchase orders worth Rs. 1.07 crore for its Metal Powder Division. | [Bagging/Receiving of orders/contracts 6 May 2026 - Innomet Advanced Materials received two domestic purchase orders worth Rs. 1.07 crore for its Metal Powder Division.](https://nsearchives.nseindia.com/corporate/INNOMET_06052026165955_Intimation.pdf) |
| 6 June 2026 - Submitted transcript of June 3, 2026 earnings call; FY26 revenue rose 66% to ₹53.86 crore. | [Analysts/Institutional Investor Meet/Con. Call Updates 6 June 2026 - Submitted transcript of June 3, 2026 earnings call; FY26 revenue rose 66% to ₹53.86 crore.](https://nsearchives.nseindia.com/corporate/INNOMET_06062026173906_Transcript_Innomet_Signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30912_INNOMET_2025_2026_A_3435064_31082026181513.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27838_INNOMET_2024_2025_A_4561285_28082025192203.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/INNOMET_22112024114122_221124_IAML_Investor_Presentation_s.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/INNOMET_04122025113424_04122025IAMLTranscriptsAnnouncementSigned.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:16:52.325Z.