Chennai Ferrous Industries Ltd (CHENFERRO) Share Price & Fundamentals

What we do

Chennai Ferrous Industries Ltd trades in iron and coal products following its strategic shift from manufacturing sponge iron due to market challenges.

Founded in

2,010

Market share

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Problem solved

Addresses demand volatility and raw material price fluctuations in iron and coal markets through focused trading operations.

Top clients or who we serve

Supplies to industries requiring iron and coal products, operating primarily in B2B trade.

Key management

Mr. R Natarajan (Chairman & Managing Director), Mr. K Karthikeyan (Chief Financial Officer), Mr. M Balamurugan (Company Secretary)

Our journey and innovations

Originally manufactured sponge iron; diversified into coal trading due to market demand imbalances and raw material price volatility.

Where we operate

Primarily operates within India, especially in the Tamil Nadu region.

Top products or what we offer

Iron and coal related trading products; exited sponge iron manufacturing.

Top brands

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Raw materials needed

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Raw materials supplier

-

Recurring vs cyclical contribution

Revenue driven largely by trading activities which are subject to market demand cycles.

Our industry position

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Financial highlights

FY 2024-25 revenue Rs. 222.43 Cr; net profit Rs. 4.01 Cr showing growth over prior year.

Geographical revenue split

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Order book

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Whats driving growth

Increased demand for iron and coal products, strategic business realignment, and market volatility management.

Our future plans

Focus on expanding coal and iron product trading operations while enhancing internal controls and governance.

Our green promise

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Our people and values

Committed to transparency, governance, and effective controls; embraces ethical work culture.

Key challenges ahead

Market volatility, raw material price fluctuations, and regional demand-supply imbalances.

Interesting facts

Originated from demerged Kanishk Steel Industries; realigned business from sponge iron manufacturing to trading.

Risks and strategy

Mitigates market risks through diversified trading; maintains strict internal controls and compliance practices.