Transcript of the conference call on the Audited Financial Results for the quarter and year ended March 31, 2026.
SEDEMAC · price
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SEDEMAC Mechatronics reported FY26 revenue of ₹1,058 crore, crossing the ₹1,000 crore milestone for the first time with 61% growth over FY25 and a 3-year CAGR of 36%. The company sold over 3.9 million control-intensive ECUs in FY26. Profitability grew faster than revenue with EBITDA over ₹200 crore (21%) and RoCE of 40%. Key growth drivers include ISG ECU adoption in ICE 3-wheelers due to OBD 2B norms, MCUs for electric 2/3 wheelers, and the ISG+EFI combined ECU. The company captured 80% of FY26 ISG volume growth in India's 2/3-wheeler market. Management guided that commodity price inflation and semiconductor supply tightening will create mild EBITDA margin pressure in FY27. New plants MF3 and MF4 are coming online in FY27 to address high capacity utilization.
Strong execution with 61% revenue growth and 40% RoCE demonstrates the company's ability to scale profitably. However, management flagged near-term margin pressure from input costs, which investors should monitor. The expansion into new markets (commercial vehicles, power tools) and capacity additions (MF3, MF4, Shoolagiri) position the company for continued growth beyond FY27.