Financial Results Highlights (H1 FY27 vs H1 FY26)

All amounts in ₹ Lakhs:

  • Revenue from Operations: ₹4,220.27 (vs ₹2,845.01) - 48.34% increase
  • EBITDA: ₹994.89 (vs ₹673.96) - 47.62% increase
  • EBITDA Margin: 23.54% (vs 23.63%) - 9 basis points decrease
  • PAT: ₹653.05 (vs ₹447.58) - 45.91% increase
  • PAT Margin: 15.45% (vs 15.70%) - 25 basis points decrease

Key Business Updates and Operational Metrics

  • Order Book: ₹76.26 crore (including GST) as of October 26, 2026
  • Financial Position as of September 30, 2026:
  • Cash and bank balances: ₹4.69 crore
  • Total borrowings: ₹2.60 crore (no long-term borrowings)
  • Net debt-free position maintained
  • Shareholders' equity: ₹76.97 crore (vs ₹70.43 crore as of March 31, 2026)
  • Trade Receivables: ₹14.90 crore as of September 30, 2026 (reduced from ₹31.32 crore as of March 31, 2026 - 52.4% reduction)
  • Property, plant and equipment: ₹16.26 crore as of September 30, 2026 (vs ₹4.94 crore as of March 31, 2026)
  • Capital work-in-progress: ₹14.99 crore as of September 30, 2026 (vs ₹11.44 crore as of March 31, 2026)
  • Cash Flow: Net cash flow from operating activities of ₹12.05 crore during H1 FY27 (vs operating cash outflow of ₹4.53 crore in FY26)

Working Capital Cycle Improvements (H1 FY27)

  • Debtor Days: Reduced to 65 days from 166 days
  • Inventory Days: Reduced to 188 days from 215 days
  • Creditor Days: Approximately 76 days

Major Contracts and Projects

  • Secured ₹10.62 crore order from Nuclear Fuel Complex, Department of Atomic Energy, Government of India for Nuclear Fuel Flow Control
  • Undertaken projects in the Defence sector

Management Commentary

Mr. Ajay Chamanlal Longani, Managing Director & Chairman, commented on the company's performance, highlighting:

  • Growth supported by capabilities in Special Purpose Machinery (SPM), Non-Destructive Testing (NDT) systems, and specialized engineering solutions
  • Presence in niche industrial segments including nuclear and defense
  • Focus on executing existing order book, strengthening customer relationships, and expanding capabilities
  • Emphasis on disciplined order execution, working capital management, and operational efficiency
  • Continued investments in manufacturing infrastructure to support business requirements and future growth

Company Background

Admach Systems Limited is a specialized engineering solutions company engaged in design and manufacturing of Special Purpose Machinery, Non-Destructive Testing (NDT) systems, and advanced industrial equipment. The company serves various industries including Defence, Nuclear & Atomic Energy, Aerospace, Mining, Steel, Automobile, Food Processing, Tooling, and Advanced Engineering. In FY26, the company reported revenue of ₹6,890.99 lakh, EBITDA of ₹1,369.35 lakh, and PAT of ₹1,001.28 lakh.