Regulatory Submission Details
Shining Tools Limited (Scrip Code: 544607, Scrip Symbol: SHTL) submitted its unaudited financial results for the half year ended September 30, 2026 to BSE Limited on November 7, 2026. The submission was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were approved by the Board on November 5, 2026, and are available on the company's website at https://www.tixnatools.com/.
Financial Performance Highlights (H1 FY27)
Revenue Performance: Revenue from operations reached ₹18.35 crore in H1 FY27, representing a 129.3% increase compared to H1 FY26 (₹8.01 crore). This H1 revenue already equals the company's full-year FY26 revenue of ₹18.29 crore.
Profitability Metrics: Profit After Tax (PAT) stood at ₹3.71 crore in H1 FY27, showing a 102% increase from ₹1.84 crore in H1 FY26. PAT margin was 20.2% for H1 FY27 compared to 23.0% in H1 FY26. EBITDA (operating) reached ₹7.00 crore with an EBITDA margin of 38.2%. Including other income of ₹0.28 crore, total EBITDA was ₹7.28 crore (39.1% of total income).
Earnings Per Share: Basic and diluted EPS for H1 FY27 was ₹6.56 (not annualized).
Historical Comparison: FY26 full-year revenue was ₹18.29 crore (23.8% growth over FY25), with PAT of ₹3.89 crore. FY25 revenue was ₹14.77 crore (39.3% growth over FY24), with PAT of ₹2.93 crore (audited FY25 PAT was ₹1.80 crore).
Balance Sheet Position (as of September 30, 2026)
Capital Structure: Share capital remained stable at ₹5.66 crore. Reserves and surplus increased to ₹23.91 crore from ₹20.20 crore as of March 31, 2026.
Net Worth: Total net worth grew to ₹29.57 crore from ₹25.86 crore as of March 31, 2026.
Debt Position: Total borrowings stood at ₹15.33 crore, with long-term debt of ₹8.13 crore. Debt-to-equity ratio was 0.52x.
Liquidity Position: Current ratio was 2.81x. Book value per share was ₹52.26.
Total Assets: Increased to ₹50.10 crore from ₹35.27 crore as of March 31, 2026, with Net PPE and CWIP at ₹14.94 crore and current/other assets at ₹35.17 crore.
Operational and Business Highlights
Revenue Mix: 91% of H1 FY27 revenue came from new tools (standard and custom), while 9% came from regrinding and lifecycle services.
Product Portfolio: The company manufactures precision solid carbide cutting tools including end mills (XP, XF, RG series), drills, reamers, thread mills, and custom tools such as fir-tree cutters for turbine blade roots and aerospace components. Size range varies from 1.0-25 mm for standard tools and up to 200 mm for custom HSS-PM tools.
Manufacturing Process: The company operates a manufacturing facility in Rajkot, Gujarat with 5-axis grinding capabilities. The process involves six steps from drawing to dispatch for new tools, and a four-step process for regrinding services (collect, regrind, recoat through partners, inspect and return).
Gross Margin: Maintained at 55.6% in H1 FY27, compared to 59.2% in H1 FY26 and 50.9% in H2 FY26.
Client Base: Services 15 marquee customers across automotive, foundry, energy, and engineering sectors.
Certifications: ISO 9001:2015 certified by TÜV SÜD and MSME ZED Bronze certified.
Market Outlook: The company cites IMARC Group data showing India's cutting tool market is expected to grow from ₹15,500 crore in 2025 to ₹26,400 crore by 2034 (5.5% CAGR), with milling tools representing 29% and drilling tools 22% of the global market.