AGM Details

  • Date: August 13, 2026 | Time: 4:30 PM IST | Venue: Efcee Sarovar Portico, Bhavnagar
  • Business: Adoption of financial statements, declaration of 10% dividend (₹1 per share), re-appointment of Mrs. Vishakha P. Tamboli, increase in managerial remuneration limit

Financial Performance Highlights

  • Record Revenue: ₹189.68 crore (14.40% YoY growth from ₹165.81 crore)
  • Profit After Tax: ₹117.62 crore (93% increase from ₹60.57 crore)
  • EBITDA Margin: 16.66% (improved from 14.01%)
  • ROCE: 13% (improved from 9%)
  • Basic EPS: ₹11.76 (FY25: ₹3.03)
  • Debt-to-Equity: 0.68 (improved from 0.71)

Segment Performance

  • Automotive & EGR: ₹118.35 crore (63.84% of revenue)
  • Non-Auto (Industrials): ₹37.60 crore (20.28%)
  • Farm: ₹18.58 crore (10.02%)
  • Aerospace & Defence: ₹10.87 crore (5.86%) with defense revenue doubling to ₹7.90 crore
  • Power Generation: ₹2.65 crore (from subsidiary operations)

Capital Structure & Corporate Actions

  • Bonus Issue: 1:1 bonus shares issued June 2025, increasing share capital from ₹500 lacs to ₹1,000 lacs
  • Dividend: Recommended final dividend of ₹1 per share (10%) pending AGM approval
  • Capex: ₹2,321.64 lacs invested in property, plant and equipment
  • Borrowings: Increased to ₹7,009.87 lacs from ₹6,449.55 lacs

Operational Highlights

  • Significant Orders: Contracts with PLR System Private Limited (Adani-IWI JV) and GTRE DRDO for precision investment castings
  • Certifications: Received NADCAP approval for NDT, SIDM Champions Award, and HAL recognition
  • Solar Power: Commissioned 4MW captive solar power plant
  • Exceptional Item: ₹52.51 lacs impact from implementation of New Labour Codes

Balance Sheet Position

  • Total Assets: ₹21,656.77 lacs (FY25: ₹19,469.88 lacs)
  • Cash & Equivalents: ₹221.03 lacs (FY25: ₹23.50 lacs)
  • Equity: ₹10,260.99 lacs (FY25: ₹9,126.53 lacs)
  • Inventory: ₹5,170.18 lacs (FY25: ₹4,872.15 lacs)
  • Trade Receivables: ₹3,931.23 lacs (FY25: ₹4,158.33 lacs)

Audit & Compliance

  • Auditors: P A R K & Company, Chartered Accountants (unmodified opinion)
  • Internal Controls: Adequate and operating effectively as of March 31, 2026
  • CSR Spend: ₹13.85 lakhs through Tamboli Foundation (required: ₹18.77 lakhs)
  • Credit Rating: CARE 'BBB-' for long-term and 'A3' for short-term facilities

Management & Governance

  • Key Personnel: Mr. Piyush I Tamboli (Chairman & MD), Mr. Jainam P Tamboli (Whole-time Director & CFO), Ms. Hetal Kapadiya (Company Secretary)
  • Board Changes: Mrs. Mamta Devi Raol ceased as Independent Director, Mr. Akshay Shah appointed as Independent Director
  • Related Parties: Transactions with Meche Private Limited (₹319.88 lacs purchases), Tamboli Foundation, and Piyush I Tamboli-HUF (₹24.00 lacs rent)