Owais Metal and Mineral Processing Limited is a relatively new entrant in the metals and minerals sector, originally incorporated on December 16, 2022, as "Owais Ali Overseas Private Limited." The company subsequently changed its name to "Owais Metal and Mineral Processing Private Limited" on June 16, 2023, and later converted to a Public Limited company with its current name on September 14, 2023.
The company operates as an efficient manufacturer and processor of various metals and minerals, specializing in products like Manganese Oxide (MNO), MC Ferro Manganese, Wood Charcoal manufacturing, and processing of minerals such as Ferro Alloy, Quartz, Manganese Ore, and Quartz Slabs. The company's factory is strategically located in Meghnagar, on the border of Gujarat, Madhya Pradesh, and Rajasthan. These three regions are major consumers of Manganese Oxide and MC Ferro Manganese, offering a strategic advantage.
One of the key differentiators for Owais Metal is its development of in-house technology to recycle rare earth mineral waste, enabling the extraction of critical metals like tantalum, tin, and niobium. The company's products serve various industries:
- Manganese Oxide (MNO): Used in fertilizers and manganese sulfate plants.
- MC Ferro Manganese: Utilized in steel and casting industries.
- Charcoal: A key component in high-heat furnace operations, particularly in steelmaking.
- Processed Minerals (Ferroalloys, Quartz, Manganese Ore): Essential in industries such as hospitality, ceramics, and glass.
In a significant development, Owais Metal and Mineral Processing Limited acquired the Bhukia-Jagpura Gold Mine in Rajasthan, with the allocation dated March 6, 2024. This marks a milestone for the company and enhances its portfolio for long-term growth.
As of the latest available data, Owais Metal has a market capitalization of ₹1,082 crores (as of June 26, 2025), though this represents a decline of 57.1% over the past year. The company reported revenue of ₹215.38 crores and profit of ₹47.0 crores on a trailing twelve-month (TTM) basis.
The company maintains strong financial metrics with a pre-tax margin of 26% and an exceptional Return on Equity (ROE) of 22%. It also boasts a reasonable debt-to-equity ratio of 9%, signaling a healthy balance sheet.
The company showed a remarkable turnaround in its financial performance, moving from a loss of ₹12.72 lakh as of March 31, 2022, to a profit of ₹765.47 lakh by December 31, 2023. Under its previous entity structure as Owais Ali Overseas (Proprietorship), the company reported revenue from operations of ₹20.88 crores, ₹27.98 crores, and ₹39.18 crores in FY 2021, 2022, and 2023, respectively, with corresponding Profit after Tax of ₹0.24 crores, ₹0.49 crores, and ₹5.41 crores.
- Market Cap: ₹1,082 crores (as of June 26, 2025)
- Revenue: ₹215.38 crores (TTM basis)
- Profit: ₹47.0 crores (TTM basis)
- ROE: 22% (exceptional)
- Pre-tax Margin: 26%
- Debt-to-Equity: 9%
- 52-Week High: ₹1,569.00
- 52-Week Low: ₹449.30
The Owais Metal and Mineral Processing IPO was conducted from February 26, 2024, to February 28, 2024. Shares were listed on NSE SME on March 4, 2024, at a price of ₹87 per share. The IPO was a fresh issue of 49.07 lakh shares worth ₹42.69 crores.
The company is promoted by Saiyyed Owais Ali, who serves as the managing director and owns 72.07% of the total equity. The key promoters include Saiyyed Owais Ali, Sayeed Akhtar Ali, and Saiyeed Murtaza Ali, who collectively owned 100% of the company's shares before the IPO, which decreased to 73.01% post-IPO.
The company benefits from strong relationships with existing clients, leading to repeat orders, which management views as a competitive edge for attracting new clients and growing their business. Owais Metal also keeps its infrastructure up-to-date and invests in technology to ensure smooth manufacturing operations and adapt to market changes.
However, the company faces certain operational challenges. The company has high debtors of 154 days, which could impact cash flow management. Furthermore, it relies heavily on a few customers for revenue, and losing these key customers or facing reduced demand from them could significantly harm its business and finances.
Owais Metal and Mineral Processing Ltd has delivered a return of -58.99% in the last 1 year, indicating significant underperformance. From a technical standpoint, the stock is trading below its key moving averages and needs to take out these levels and stay above them to make any meaningful upward move.
From an O'Neil Methodology perspective, the stock has:
- EPS Rank: 80 (indicating consistency in earnings).
- RS Rating: 21 (indicating underperformance compared to other stocks).
- Group Rank: 65 (indicating it belongs to a poor industry group of Mining-Metal Ores).
