India Homes Limited was initially incorporated as 'Khanna & Roy Heavy Engineering Limited' in 1987. The Company was acquired by the present Promoter H L Gupta, who took over the firm in 1990 and renamed it as 'Isibars Limited' in May, 1991. Thereafter, it was changed to India Steel Works Limited and now has changed to India Homes Limited with prior approval from the Ministry of Corporate Affairs on July 17, 2025.
Initially, the Company was engaged in manufacturing and trading of steel products like hot rolled, bars and rods, bright bars, etc. Later Isibar took over the Steel Division of Zenith comprising the Steel Melting and Rolling Unit at Khopoli, Maharashtra. Drawn stainless steel bars and bright bars, being corrosion-resistant, are used in the automobile, textile, machine tool, chemical, food, dairy and marine industries. Stainless steel flats are cold-rolled and used to manufacture stainless steel utensils.
The company increased its capacity for cold-finished bars to 10,000 TPA. The company's expansion-cum-backward integration project at Khopoli has been implemented and it started production from July, 1998 with a cost of Rs 120.52 crores.
During 2003-04, the Cold bar rolling mill was re-installed and started commercial operations from the year on to augment the rolling capacities of the Company to 1,00,000 MT per annum from 80000 MT. The Company also undertook to expand its steel making capacity by installing a new Induction furnace. Upon completion of this ... expansion project the steel making capacity at the end of the year was increased to 54,000 MT per annum from 40,000 MT.
During 2012-13, the Bright Bar Division in Navi Mumbai was shifted and merged into the Khopoli facilities. The Wholly Owned Subsidiary namely Indinox Steels Private Limited was incorporated on June 16, 2018.
Now, the Company is also pivoting into real estate activities as a new business, exploring property development.
FAQs on India Homes Ltd
1. Can I buy India Homes Ltd from PL Capital? ›
Yes, you can invest in India Homes Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track India Homes Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade India Homes Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does India Homes Ltd pay dividends? ›
India Homes Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of India Homes Ltd ? ›
As of
20-Feb-2026 , 15:44:29 the share price for India Homes Ltd. is ₹ 15.8 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of India Homes Ltd ? ›
The 52-week high and low of India Homes Ltd share price is ₹ 3.81 - ₹ 16 as of
20-Feb-2026 , 15:44:29 .
