Key Financial Performance (FY 2025-26)

  • Revenue from Operations: ₹31,959.76 lakhs (₹319.6 crore), up 66.12% from ₹19,238.70 lakhs in FY25
  • Profit Before Tax: ₹5,267.69 lakhs, up 50.61% from ₹3,497.68 lakhs in FY25
  • Profit After Tax: ₹3,915.22 lakhs (₹39.15 crore), up 51.85% from ₹2,578.27 lakhs in FY25
  • EBITDA Margin: 16.46% (20.22% as per management calculation)
  • PAT Margin: 12.23%
  • Basic EPS: ₹18.67 (up from ₹15.78 in FY25)
  • Diluted EPS: ₹18.67

Operational Metrics

  • Order Book: ₹469 crore as of March 31, 2026 (96% railway, 4% non-railway)
  • Capacity Utilization: 90%
  • Employee Strength: 329 employees as of March 31, 2026
  • Manufacturing Units: 5 units with total area details provided
  • Repeat Customer Share: 81%

Capital Structure & IPO Details

  • Authorized Share Capital: ₹25,00,00,000 consisting of 2,50,00,000 Equity Shares of ₹10 each
  • Issued, Subscribed and Paid-up Capital: ₹23,96,99,540 comprising 2,39,69,954 Equity Shares
  • IPO Details: Company raised ₹91.098 crore through IPO of 65,07,000 equity shares at ₹140 per share (including premium of ₹130) in September 2025
  • Promoter Holding: 54.20% (D. Venkatesan and D. Manikandan holding 27.10% each)

Business Segments

  • Railway Segment: 72% of revenue (₹229 crores, up from ₹124 crores in FY25)
  • Aeronautical, Defense and Others: 28% of revenue (₹90.80 crores, up from ₹68.20 crores in FY25)
  • Customer Mix: 60% private customers, 40% government customers

Key Projects & Capabilities

  • Participation in Vande Bharat, Amrit Bharat, RRTS, Metro, Vistadome projects
  • Sri Lankan DEMU and mainline coaches program
  • Turnkey interior furnishing solutions for railway coaches
  • Aerospace components including AMCA ground simulators
  • Defense applications including artillery body structures and armor systems

Certifications & Approvals

  • AS9100D, ISO 9001, and IRIS certifications
  • Approvals from HAL, CVRDE, DRDO units, and Indian Railways

AGM Details

  • 27th Annual General Meeting: Monday, 28th September, 2026 at 11:30 A.M.
  • Mode: Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
  • Business Items: Adoption of financial statements, director reappointment, ratification of cost auditor remuneration, appointment of secretarial auditor

Corporate Actions

  • No dividend recommended for FY26 (capital conservation for expansion)
  • Entire profit retained in distributable retained earnings
  • Mr. Venkatesan Sathishkumar (DIN: 08561438) retires by rotation and seeks reappointment

Regulatory Compliance Matters

  • GST Disputes: Three GST demands totaling ₹78.27 lakhs under appeal
  • ROC Penalties: Adjudication orders for CSR non-compliance FY2019-20 to FY2022-23 totaling ₹89.03 lakhs in penalties (under appeal)
  • Compounding: Completed compounding proceedings for AGM and cost audit compliance issues
  • SEBI Fine: ₹5,000 fine for one-day delay in related party transaction disclosure

Subsidiary Information

  • Sree Dakssnaa Aerospace and Defence India Private Limited: 79.20% subsidiary, incorporated June 11, 2024, yet to commence operations
  • Proposed JV: Airbang Solutions Private Limited with Big Bang Boom Solutions (51:49 JV for defense manufacturing)

Utilization of IPO Proceeds (as of March 31, 2026)

  • Total Raised: ₹91.098 crore (net proceeds ₹88.848 crore after expenses)
  • Machinery Purchase: ₹1,367.78 lakhs allocated, ₹291.08 lakhs utilized
  • Borrowing Repayment: ₹600 lakhs allocated and fully utilized
  • Working Capital: ₹5,927.02 lakhs allocated and fully utilized
  • General Corporate Purposes: ₹990 lakhs allocated and fully utilized

Management Commentary

  • Focus on deepening wallet share with existing railway customers
  • Capacity expansion through new machinery and proposed 14-acre facility
  • Digital engineering and lean manufacturing implementation
  • Strategic diversification into aerospace and defense sectors
  • Maintained 90% capacity utilization with focus on operational efficiency

Forward-looking Statements

Document contains forward-looking statements subject to risks and uncertainties including economic fluctuations, regulatory changes, supply chain challenges, and raw material price volatility.