Owais Metal & Mineral Processing Reports Robust Q4 FY2024 Results with Strong Revenue and Profit Growth

Quarter 4 FY2024 Highlights (January–March 2024):

• Revenue: ₹50 crore
  Owais Metal reported ₹50 crore in quarterly revenue, showing solid growth from ₹30 crore in Q2 FY2024, reflecting increased demand for its core mineral products including manganese ore and recycled rare earth metals.

• Net Profit: ₹9 crore
  Net profit rose to ₹9 crore, indicating strong bottom-line performance supported by cost optimization and high-value product segments.

• Operating Profit Margin: 33%
  A healthy margin highlights the company’s operational efficiency and pricing strength in niche markets like tantalum, niobium, and tin extracted from recycled materials.

• Earnings Per Share (EPS): ₹4.77
  EPS stood at ₹4.77, slightly down from ₹5.11 in Q2 but still representing robust shareholder earnings.

Full-Year FY2024 Performance:

• Total Revenue: ₹155 crore
  Annual revenue almost doubled from the previous year’s ₹80 crore, signaling sustained demand and successful product diversification.

• Net Profit: ₹33 crore
  Profit for the fiscal year more than doubled from ₹15 crore in FY2023, showing the effectiveness of Owais Metal’s business strategy and technological edge.

• EPS (FY2024): ₹18.37
  The strong earnings per share affirm the company’s value creation for investors.

• Return on Equity (ROE): 45%
  ROE indicates effective capital utilization, a key indicator of company performance in capital-intensive industries like mining and metals.

• Return on Capital Employed (ROCE): 52.1%
  This figure reflects the company’s exceptional ability to generate returns from its operations, bolstered by its debt-free status.

Strategic Focus and Market Outlook

Owais Metal & Mineral Processing Ltd. specializes in processing and recycling rare earth elements and industrial minerals like quartz and manganese ore. Its proprietary technologies allow the extraction of high-demand metals such as tantalum and tin from industrial waste, aligning with global trends in sustainability and critical mineral security.

The company is well-positioned to benefit from the ongoing shift toward green energy, electric vehicles, and electronics—all of which rely on rare and specialty metals. Furthermore, its environment-friendly recycling processes are gaining favor in both domestic and global markets.

Stock Market Performance & Investor Watch

Despite strong financials, the stock has seen volatility. Owais shares have dropped 43% in the past year, currently trading around ₹650, down from a 52-week high of ₹1,569. The stock’s P/E ratio stands at 35.4, and the P/B (price-to-book) ratio is 13.9, suggesting that the stock may be priced for future growth despite recent market pressure.

Analysts and investors are now looking forward to the company’s next earnings announcement, scheduled for May 23, 2025, to confirm whether the growth trajectory can be sustained amid macroeconomic headwinds.