Financial Performance Highlights
Revenue from Operations: ₹155.90 crore in FY26 (₹113.56 crore in FY25) - 37% growth
Total Income: ₹156.08 crore in FY26 (₹113.90 crore in FY25)
EBITDA: ₹27.57 crore in FY26 (₹15.29 crore in FY25)
Profit Before Tax: ₹22.33 crore in FY26 (₹12.65 crore in FY25)
Profit After Tax: ₹15.48 crore in FY26 (₹8.43 crore in FY25) - 84% growth
Earnings Per Share: ₹13.39 (Basic & Diluted) for FY26 (₹58.08 for FY25)
Capital Structure Changes
Authorized Share Capital: Increased from ₹15.00 crore to ₹18.00 crore during FY26 through EGM approvals
Issued Capital: ₹12.78 crore as of March 31, 2026 (₹1.45 crore as of March 31, 2025)
Bonus Issue: Issued 94,38,195 bonus shares in ratio 13:2 during FY26
Preferential Allotments:
- 8,61,748 equity shares at ₹108 per share (September 2025)
- 4,55,763 equity shares at ₹108 per share (December 2025)
- 5,77,118 equity shares at ₹108.40 per share (March 2026)
Operational Highlights
Order Book: ₹96.06 crore as of June 30, 2026
Installed Capacity: ~2.095 million units annually (FY2026)
Capacity Utilization: TMD section achieved peak utilization of 99% in FY26
New Capacity: Commissioned Panasonic NPM D3A SMT line in January 2026
Customer Concentration: 97.81% revenue from Aerospace & Defense sector, ~92% from non-government customers
Repeat Customer Rate: 86.08% as of March 31, 2026
Quality Certifications & Approvals
EN 9100:2018 certified for aerospace & defense quality
IPC-A-610 Class 3 compliant processes
Approved Supplier to Bharat Electronics Limited (since 2009) and Hindustan Aeronautics Limited (since 2012)
Registered vendor for CERN via TIFR
Exports to Europe and USA since 2008
Business Segments
Turnkey Manufacturing: End-to-end execution of electronic products
Job Work: PCB assembly, soldering, testing and sub-assembly
Obsolescence Management & Engineering: Support for legacy defense and aerospace platforms
Trading Sales: Procurement of electronic and electromechanical components
Material Developments
IPO Completion: Successfully completed Initial Public Offer of 47,00,000 equity shares at ₹149 per share aggregating to ₹70.03 crore, listed on BSE SME Platform effective June 08, 2026
Strategic Partnerships: Entered exclusive manufacturing partnership with Stuam Technologies and preferred manufacturing partnership with Analinear Design Technologies in June 2026
Corporate Governance
Board Composition: 6 directors including 3 independent directors
Board Meetings: 16 meetings held during FY25-26
Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee
Auditors: Statutory Auditors - Dagliya & Co.; Internal Auditors - Agarwal & Ladda Chartered Accountants
Key Ratios
Current Ratio: 1.55 times (1.34 times in FY25)
Debt-Equity Ratio: 0.82 times (1.10 times in FY25)
Return on Equity: 44.56% (69.21% in FY25)
Net Profit Margin: 9.93% (7.43% in FY25)
Pending Matters
Regional Director Order: Application for compounding of offence under Section 185 of Companies Act, 2013 resulted in order dated March 27, 2026 (no material impact disclosed)
Tax Dues: Undisputed amounts payable include Professional Tax ₹0.80 lakh, Income Tax Interest ₹5.38 lakh, TDS Defaults ₹2.78 lakh
Forward-Looking Statements
The document contains forward-looking statements about anticipated results based on management's plans and assumptions, with disclaimer that actual results may differ due to risks and uncertainties.