Financial Performance Highlights (Standalone)

Half Year Performance (H2 FY26 vs H2 FY25):

  • Net Sales: ₹94.97 crore (vs ₹57.38 crore in H2 FY25)
  • Total Income: ₹95.81 crore, up 66.39% YoY
  • EBIDTA: ₹25.24 crore, up 133.59% YoY
  • EBIDTA Margin: 26.34% (vs 18.76% in H2 FY25)
  • Net Profit: ₹16.73 crore, up 157.03% YoY
  • Net Profit Margin: 17.46% (vs 11.30% in H2 FY25)
  • EPS: ₹10.86

Full Year Performance (FY26 vs FY25):

  • Net Sales: ₹145.28 crore (vs ₹133.14 crore in FY25)
  • Total Income: ₹146.07 crore, up 9.54% YoY
  • EBIDTA: ₹38.90 crore, up 62.46% YoY
  • EBIDTA Margin: 26.63% (vs 17.95% in FY25)
  • Net Profit: ₹25.31 crore, up 65.78% YoY
  • Net Profit Margin: 17.32% (vs 11.45% in FY25)
  • EPS: ₹16.44

Expense Breakdown FY26:

  • Raw Material: ₹94.41 crore
  • Employee Benefit Expenses: ₹4.77 crore
  • Other Expenses: ₹7.98 crore
  • Total Expenditure: ₹107.17 crore
  • Finance Costs: ₹5.72 crore
  • Depreciation: ₹0.63 crore
  • Tax Expense: ₹7.24 crore

Balance Sheet Position (as of March 31, 2026):

  • Total Equity: ₹100.30 crore (including Equity ₹20.77 crore and Reserves ₹79.53 crore)
  • Total Liabilities: ₹185.77 crore
  • Non-Current Liabilities: ₹5.97 crore (including Long Term Borrowings ₹5.41 crore)
  • Current Liabilities: ₹79.50 crore (including Current Borrowings ₹35.27 crore)
  • Total Assets: ₹185.77 crore
  • Non-Current Assets: ₹23.26 crore (including Fixed Assets ₹17.72 crore)
  • Current Assets: ₹162.51 crore (including Inventories ₹21.80 crore, Trade Receivables ₹67.32 crore, Cash and Bank Balances ₹60.23 crore)

Business Overview

Tipco Engineering is an integrated process-equipment manufacturer specializing in design, fabrication, assembly, and supply of industrial process machinery. The company offers equipment across Mill Series, Disperser Series, and Homogenizer Series, serving industries including paints and coatings, chemicals, printing inks, cosmetics, pharmaceuticals, and food processing.

Key Capabilities and Operations:

  • Manufacturing facility located in Sonipat, Haryana with installed capacity of 631 machines
  • ISO 9001:2015 certified quality systems
  • End-to-end in-house execution including product design, precision machining, fabrication, assembly, and testing
  • Provides turnkey solutions for water/solvent-based ink plants, construction chemicals, adhesives, and agro-chemical facilities

Management Commentary

Mr. Ritesh Sharma, Chairman & Managing Director, stated: "FY26 marks a defining phase in Tipco's journey, with our successful listing on the BSE SME platform providing a strong foundation for accelerated and sustainable growth. Our performance reflects the strength of our business model, with EBITDA margins expanding by 867 basis points to 26.63%, supported by improved efficiencies, operating leverage, and disciplined cost management."

Growth Drivers and Strategy:

  • Strong industry tailwinds across industrial and process equipment sectors
  • Rising investments in manufacturing and capacity expansion in India
  • International technology collaborations in pharmaceuticals, food, and cosmetics
  • Approvals for defence applications and capacity expansion
  • Focus on expanding export business and strengthening overseas partnerships
  • Plans to improve debt-equity ratio and strengthen capital structure
  • Target to increase sales volumes through product portfolio expansion and market penetration

Order Book and Customer Base:

  • Strong order book providing revenue visibility
  • Long-standing relationships with diversified domestic customer base
  • Repeat orders across multiple product categories
  • Clients include Aditya Birla Limited, Sirca Paints, JK Paints & Coating Limited, MBT Construction Chemicals Limited

Market Opportunity:

  • Process Plant & Machinery market size: ~US$6.0 billion per annum
  • Machine Tools Market expected to reach US$2.5 billion by 2028
  • Paints & Coatings industry: ~US$10+ billion market, growing at ~7-8% CAGR
  • Specialty Chemicals Sector: ~US$40+ billion with strong export-led growth

Corporate Structure:

  • Promoter and Management Team:
  • Mr. Ritesh Sharma: Promoter, Chairman & Managing Director (18 years' experience)
  • Ms. Sonia Sharma: Promoter & Whole-Time Director (7 years' experience)
  • Mr. Anup Kumar Singh: Non-Executive Director (12 years' experience)
  • Mr. Jeewan Chandra: Non-Executive Independent Director (20 years' experience in finance)
  • Mr. Patterson Thomas: Non-Executive Independent Director (7 years' experience in compliance)

Investor Contact:

Tipco Engineering India Limited, P.No. 1658, Phase I, Sector 38, Industrial Estate Rai Distt., Sonepat, Haryana, India, 131029.

Registrar: Kirin Advisors Private Limited, 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604.