Engineers and manufactures Special Purpose Machinery (SPM) for steel processing, Non-Destructive Testing (NDT) and X-ray inspection systems, and defense, aerospace and nuclear-grade equipment from an integrated Pune facility on an engineer-to-order basis. Management cites an end-mix of roughly 50% special-grade steel processing equipment and 30% NDT and defense, with the balance spread across automotive, food processing, mining, nuclear and aerospace. FY26 revenue was ₹68.91 crore, up 29% year-on-year, and PAT was ₹10.01 crore, up 59% on EBITDA of ₹13.69 crore. The order book stood at approximately ₹65 crore at year-end and ₹83.77 crore by July 2026, against a quoted pipeline of around ₹200 crore at 60-65% expected conversion. Recent wins include a ₹10 crore Nuclear Fuel Complex order, NDT machines for delivery to Mexico and China via a domestic NDT customer, and direct US sales to Welspun Tubular LLC. The business exports to 28+ countries and lists Tata Steel, ArcelorMittal and Indian Ordnance Factories among clients, supported by European partners including Braun Machinefabrik and Nordinkraft. Materials are 75.2% of revenue, and a ₹15 crore capex on CNC, laser cutting and press brake machines is intended to lift in-house processing from 30% to 70% of work; receivables stretched to 150-160 days in FY26 and operating cash flow turned negative. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Special Purpose Machinery for steel processing (50%), NDT and X-ray inspection systems and defense (30%), Other industrial systems. Engineer-to-order industrial machinery maker with concept-selling model, project-based execution and working-capital-heavy receivables
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 69 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 18.39 |
| ROE % · ROCE % | — · 18.2 |
| Debt / equity (x) | — |
| Cash from operations | (5) |
| Capex | (19) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 28 | 40 |
| Profit before tax | 6 | 6 |
| Net profit | — | — |
| EPS (₹) | 8.97 | 10.17 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 45,150 | 93.8 | 24.06 | 77.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,717 | 82.8 | 10.02 | 53.5 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 30,536 | 55.7 | 6.84 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 23,496 | 67.9 | 4.93 | 33.3 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 22,490 | 69.9 | 11.24 | 39.7 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 19,058 | 109.1 | 6.65 | 61.8 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 12,982 | 455.9 | 3.81 | 38.8 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,285 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 31 Aug 2026 · AGM notice and Annual Report FY26 dispatched; company cites 3-day filing delay | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Notice of 18th AGM on Sept 28, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Admach Systems wins 159.30L order; order book at 68.37 Cr | compliance | low | — | — |
| 14 Aug 2026 · Admach Systems bags order worth ₹159.30 lakh from domestic steel firm | business updates | medium | — | — |
| 16 Jul 2026 · Admach Systems secures ₹295.73 lakh order; order book at ₹83.77 crore | business updates | medium | — | — |
| 15 Jul 2026 · Admach Systems bags NDT equipment order worth Rs 2.96 Cr for Mexico, China delivery | business updates | high | — | — |
| 13 Jul 2026 · Routine compliance certificate filed for quarter ended June 2026 | compliance | minimal | — | — |
| 9 Jul 2026 · Admach Systems bags Rs 94.35L NDT order; order book at Rs 82.09 cr | business updates | medium | — | — |
| 6 Jul 2026 · Admach Systems gets Rs 94.35 lakh purchase order from domestic NDT customer | business updates | medium | — | — |
| 27 Jun 2026 · Admach Systems bags Rs 5.02 cr steel industry order; total order book at Rs 81.71 cr | compliance | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 48.3 |
| 7.30 |
| 50.1 |
| 11.7 |
| 11.5 |
| — |
| 15.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.8 | 26.9 | 61 of 138 | 56% |
| ROCE | 17.0 | 11.3 | 43 of 144 | 71% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
