Financial Performance (Consolidated)
Q4 FY26 Performance (₹ million)
- Revenue from Operations: ₹1,487.2 (10.7% YoY growth from ₹1,344.1 in Q4 FY25)
- Other Income: ₹121.2 (818.2% YoY growth from ₹13.2 in Q4 FY25)
- Total Income: ₹1,608.4 (16.3% YoY growth from ₹1,382.8 in Q4 FY25)
- EBITDA: ₹497.6 (15.9% margin)
- PAT: ₹293.3 (19.7% margin, 43.4% YoY growth from ₹204.6 in Q4 FY25)
- Tax Expense: ₹92.6
FY26 Annual Performance (₹ million)
- Revenue from Operations: ₹5,107.5 (38.5% YoY growth from ₹3,687.8 in FY25)
- Other Income: ₹245.1
- Total Income: ₹5,352.6
- EBITDA: ₹1,711.1 (33.5% margin)
- PAT: ₹793.4 (15.5% margin, 80.8% YoY growth from ₹438.7 in FY25)
- Tax Expense: ₹285.4
Operational Highlights
Order Book
- Order book crossed ₹10,000 million for the first time in FY26
- Order book calculation includes total value of purchase orders and commitments received, net of sales and cancellations
- Foreign currency orders translated at closing exchange rates
Revenue by End-user Industries (FY26)
- Energy sector
- Motion control & automation
- Industrial equipment systems
- Metal forming & other diversified industrial applications
Manufacturing Facilities
- Existing Facility 1: Plot No. 2500, GIDC Lodhika Industrial Estate, Metoda, Rajkot
- Existing Facility 2: Plot No. 9 to 12, Shivam Ind Zone-6, Village Chhapara, Tal. Lodhika, Rajkot
- Existing Facility 3: Padavala, Rajkot, Gujarat with recently setup fabrication line (annual capacity: 7,200 MTPA)
- Manufacturing capabilities include design & engineering, machining, fabrication, plating, assembly, testing, and quality inspection
- In-house special processes: phosphating (zinc and manganese), copper plating, zinc plating, electroless nickel plating, stellite welding
Strategic Initiatives for FY27
Three concurrent initiatives planned:
1. Commissioning new manufacturing facility in Hyderabad
2. Expanding operations at proposed new facility at Chhapra
3. Implementing solar roofing at existing Chhapra plant
Company Journey & Milestones
- FY2007: Started operations, first export to USA
- FY2016: Entered energy sector
- FY2018: Started third-party logistic warehousing in Texas, USA; Established Existing Facility 2
- FY2022: Revenue crossed ₹1,000 million
- FY2023: Received ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, AS9100:2016, IATF 16949:2016 certifications
- FY2025: Received API certifications for oil and gas industry; Incorporated Novatro Techsolutions Private Limited
- FY2026: Order book crossed ₹10,000 million; Obtained ISO certifications for Existing Facility 3; Fund raising through IPO
Management Team
- Chairman and Managing Director: Udaykumar Arunkumar Parekh (BE Mechanical)
- Non-Executive Director: Dharmi A Parekh (B.Com)
- Whole-Time Director and CFO: Paras Mukundrai Parekh (B.Com, MBA)
- Chief Revenue Officer: Bhavin Prahalad Acharya (PGDCA)
- Chief Operating Officer: Akhja Haresh T (Diploma in Fabrication Technology, BE Production)
- Company Secretary & Compliance Officer: Bhoomi Manharbhai Vadhavana (B.Com, M.Com, LL.B, ACS)
- Independent Directors: Mahendra Tribhuvan Panchasara, Punitbhai Mahendrabhai Sodha (FCA), Ketan Chandrakant Doshi (BE Mechanical), Vidhi Nishit Shah (B.Com, MBA)
Awards & Accreditations (Recent)
- FY2026: ISO 45001:2018 for Existing Facility 3; 2 Golds + 1 Silver Awards from CII-Institute of Quality; Public listing on NSE/BSE
- FY2025: API Spec Q1, API 20J, API 7-1, API 5CT certifications for Existing Facility 2; ISO 9001:2015 and ISO 14001:2015 for Existing Facility 3
- FY2024: IATF 16949:2016, AS 9100:2016, and various ISO certifications for Existing Facilities 1 & 2
- Historical supplier excellence awards from John Bean Technologies Corporation, Dover Corporation, and Power Build Private Limited
Balance Sheet Highlights (Consolidated, ₹ million)
- Total Assets: ₹12,547.8 (FY25: ₹6,263.3)
- Property, Plant and Equipment: ₹2,861.7 (FY25: ₹2,036.7)
- Inventories: ₹3,145.4 (FY25: ₹1,791.4)
- Trade Receivables: ₹2,138.0 (FY25: ₹1,280.7)
- Cash and Cash Equivalents: ₹1,638.0 (FY25: ₹51.3)
- Total Equity: ₹6,797.0 (FY25: ₹2,036.4)
- Borrowings (Non-current + Current): ₹3,978.1 (FY25: ₹3,306.3)