Kathmandu: Hulas Iron Industries Limited, a subsidiary of the Hulas Group preparing to launch an initial public offering (IPO), recorded an annual turnover of Rs 3.43 billion in the last fiscal year, reflecting steady business performance ahead of its public issuance.
According to company figures, Hulas Iron generated Rs 802 million in turnover in the first four months of the current fiscal year alone. In the previous fiscal year (2025), the company’s total turnover stood at Rs 3.43 billion, slightly lower than Rs 3.44 billion in 2024 but higher than Rs 3.128 billion in 2023. The turnover in 2022 was also Rs 3.43 billion.
Despite relatively stable revenue figures, the company improved its profitability. In the last fiscal year, Hulas Iron posted a net profit margin of 2.56 percent, marking a 13 percent increase compared to the year before. In the first four months of the current fiscal year, the net profit margin has further improved to 3.45 percent.
Established in 2017, Hulas Iron Industries was converted into a public company in 2023. The company manufactures various types of pipes and galvanized zinc sheets, marketing its products under the brand name ‘Hulas’. It has been operating at full commercial capacity since 2022, with an annual production capacity of 15,765 metric tons.
The company is majority-owned by industrialist Chandra Kumar Golchha, who holds a 72.98 percent stake. In terms of credit exposure, Hulas Iron has total long-term and short-term loan ratings amounting to Rs 5.387 billion. Of this, Rs 1.177 billion is rated under long-term loans, while Rs 4.37 billion falls under short-term loans.
With stable turnover, improving margins and full-capacity operations, Hulas Iron Industries is positioning itself as it moves forward with plans to enter the capital market through an IPO.
