CMNL
Chaman Metallics financials
- Market cap
- ₹278 Cr
- Sector
- Metals & Mining
What Chaman Metallics does
Chaman Metallics Limited, part of Raipur-based GR Group of Industries, manufactures Direct Reduced Iron (sponge iron) at its Chandrapur, Maharashtra facility using two rotary kilns, supplying induction-furnace and electric-arc-furnace steelmakers primarily in Maharashtra and Chhattisgarh. Dolochar and iron-ore fines/dust are sold as by-products. After FY25 year-end (April 2025), the company commissioned a capacity-expansion project adding MS billets (induction furnace), ferro alloys (submerged arc furnace) and a captive power plant, moving from a single-product sponge-iron unit toward a more integrated steel operation.
Segments
- Sponge Iron (DRI)
- MS Billets
- Ferro Alloys
- Captive Power
- Sponge iron (DRI) capacity
- 1,87,500 TPA post Apr-2025 expansion (up from 72,000 TPA)
- MS Billets capacity (Induction Furnace/SMS)
- 1,98,000 TPA, commissioned Apr 2025
- Ferro Alloys capacity (Submerged Arc Furnace)
- 29,403 TPA, commissioned Apr 2025
- Captive power generation capacity
- 30 MW (12 MW WHRB + 18 MW AFBC)
- Manufacturing facility land
- 63 acres, Chandrapur, Maharashtra
- Rotary kilns (sponge iron)
- 2 (2 x 100 MTPD)
Quarterly results
Q4 FY26: revenue up 255.7%, net profit down 150.0% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 111 | 116 | 92 | 97 | 91 −18% | 81 −30% | 197 +114% | 345 +256% |
| EBITDA | 10 | 16 | 12 | 6 | 10 +0% | 6 −62% | 12 +0% | 28 +367% |
| Net profit | 7 | 10 | 9 | 4 | 6 −14% | 4 −60% | -3 −133% | -2 −150% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −22.4% 1Y
1Y: ₹146.5 on 10 Sept 2025 → ₹113.7. High ₹175.15 (7 Nov 2025), low ₹90 (18 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹8 Cr | ₹8 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹21 Cr | ₹30 Cr | ₹53 Cr | ₹66 Cr | ₹73 Cr | ₹71 Cr |
| Borrowings | ₹14 Cr | ₹25 Cr | ₹22 Cr | ₹130 Cr | ₹444 Cr | ₹440 Cr |
| Other liabilities | ₹16 Cr | ₹11 Cr | ₹18 Cr | ₹23 Cr | ₹79 Cr | ₹109 Cr |
| Total liabilities | ₹59 Cr | ₹74 Cr | ₹116 Cr | ₹242 Cr | ₹620 Cr | ₹644 Cr |
| Fixed assets | ₹26 Cr | ₹27 Cr | ₹29 Cr | ₹29 Cr | ₹326 Cr | ₹441 Cr |
| Capital work in progress | ₹2 Cr | ₹2 Cr | ₹5 Cr | ₹120 Cr | ₹99 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Other assets | ₹31 Cr | ₹44 Cr | ₹83 Cr | ₹93 Cr | ₹193 Cr | ₹201 Cr |
| Total assets | ₹59 Cr | ₹74 Cr | ₹116 Cr | ₹242 Cr | ₹620 Cr | ₹644 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
The ownership split has held steady since Mar 2025. The shareholder count grew 31% to 1,290.
- Promoters
- 73.6%
- Public
- 26.4%
Since Mar 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 7 quarters
Ownership split by quarter, oldest first. Mar '23: Promoters 73.6%, Public 26.4%.Sep '23: Promoters 73.6%, Public 26.4%.Mar '24: Promoters 73.6%, Public 26.4%.Sep '24: Promoters 73.6%, Public 26.4%.Mar '25: Promoters 73.6%, Public 26.4%.Sep '25: Promoters 73.6%, Public 26.4%.Mar '26: Promoters 73.6%, Public 26.4%.
Who is on the register
Named in the Mar 2026 filing
Every holder of Chaman Metallics above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| G R Sponge And Power Limited | 42.67% | unchanged |
| N R Sponge Private Limited | 14.30% | unchanged |
| Arya Bhatt Sales Private Limited | 14.17% | unchanged |
| Chhatisgarh Investments Limited | 6.90% | unchanged |
| Chetan Kumar Agrawal | 0.61% | unchanged |
| Keshav Kumar Agrawal | 0.61% | unchanged |
| Amita Agrawal | 0.61% | unchanged |
| Ramesh Kumar Agrawal | 0.61% | unchanged |
| Pankaj Prasoon | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Chaman Metallics
Guides on how to read this kind of business and the numbers that matter.