ADROIT INDUSTRIES (INDIA) LIMITED – Investor Presentation Summary
Key Operational Highlights
- Manufacturing capacity utilization: Dewas forging facility at 93.33% (H1 FY27), Pithampur machining facility at 81.25% (H1 FY27).
- Production volumes: Dewas produced 1,120 Tons (H1 FY27), Pithampur produced 365,610 Nos. (H1 FY27), Sanwer produced 14,750 Nos. (H1 FY27).
- Product portfolio consists of 5,250+ SKUs including propeller shaft assemblies, flange yokes, sleeve yokes, end yokes, yoke shafts, and CV Double Cardan Driveshaft Assemblies.
- Key drivers: Strong export demand (82% of product sales), repeat customer business, and expansion into industrial shafts and defence segments.
Segment-wise Performance
Not Specified
Financial Highlights
Q2 FY27 Performance:
- Revenue: ₹426.73 Mn
- EBITDA: ₹119.56 Mn
- PAT: ₹85.47 Mn
- EPS: ₹1.91
- EBITDA Margin: 28.0%
QoQ Comparison (Q2 FY27 vs Q1 FY27):
- Revenue growth: 25%
- EBITDA growth: 13%
- PAT growth: 14%
- EBITDA Margin declined from 30.9% to 28.0% (-290 bps)
H1 FY27 Performance:
- Revenue: ₹767.87 Mn
- EBITDA: ₹225.07 Mn
- PAT: ₹160.36 Mn
- EPS: ₹3.58
- EBITDA Margin: 29.3%
YoY Comparison (H1 FY27 vs H1 FY26):
- Revenue growth: 11%
- EBITDA growth: 48%
- PAT growth: 51%
- EBITDA Margin improved from 22.0% to 29.3% (+731 bps)
Drivers of financial performance: Higher revenue growth, operational efficiencies.
Key Risks: Not Specified
Geographical Revenue Split
Export Contribution: 82% of Q2 FY27 product sales
H1 FY27 Export Destination Breakdown:
- United States: 59.56%
- Canada: 10.33%
- Australia: 6.23%
- Colombia: 4.29%
- Mexico: 3.62%
- Other markets combined: 15.97%
Domestic revenue split not specified.
Balance Sheet Snapshot
Consolidated (as of 30 Sep 2026):
- Property, plant and equipment: ₹521.76 Mn
- Investments: ₹283.00 Mn
- Inventories: ₹624.28 Mn
- Trade receivables: ₹613.03 Mn
- Cash and cash equivalents: ₹1,313.25 Mn
- Total Assets: ₹3,861.87 Mn
- Equity share capital: ₹448.08 Mn
- Other equity: ₹2,229.30 Mn
- Total Equity: ₹2,677.45 Mn
- Borrowings (current + non-current): ₹806.60 Mn
Financial Health Insights: Strong cash position of ₹1,313.25 Mn, improved from ₹16.57 Mn in Sep 2025.
Capex & Cash Flow Health
Capital Expenditure: Plant and machinery worth ₹637 Million planned under IPO proceeds. Machinery worth ₹500 Million received and operational. Orders worth ₹300 Million placed.
Investment Rationale: Focus on capacity expansion - adding forging equipment at Dewas and machining, assembly and testing capacity at Pithampur.
Free Cash Flow, Operating Cash Flow, and Net Debt Movement not specified.
Strategic & R&D Initiatives
Investments in Innovation: Developing industrial shafts, propeller shafts, universal joints, axle shafts and aluminium driveline components.
Expansion Plans: Entering high barrier defence and fire fighting products with critical shaft assemblies.
Expected impact: Targeting peak annual revenue of ₹2,500 million after full ramp-up by Q4 FY28.
Strategic Rationale: Expanding into high-growth markets (defence, fire fighting), diversifying business across end-user industries.
Industry Trends & Business Environment
Market Overview: Global driveline components market showing growth with 7.8% CAGR projected from 2020-2030F.
Impact on Company: Strong export demand supporting revenue growth, particularly in US and Canadian markets.
Management Commentary & Growth Outlook
Strategic Outlook: "We are targeting full ramp-up by Q4 FY28, following which the expanded capacity could support peak annual revenue of ₹2,500 million. Our focus remains on timely execution, customer acquisition and building a strong foundation for sustained, profitable growth."
Operational Timeline: Additional machining capacity operational from Q4 FY27, forging capacity by Q1 FY28.
Customer Growth: Added 13 new customers during Q2 FY27.
Risks and Opportunities: Expansion into defence and fire fighting segments diversifies business across end-user industries.