Arrowhead Seperation Engineeri

Manufactures chemical process equipment in India, primarily continuous drying and cooling systems (dryer equipment), operating from its base in Navi Mumbai. The company is a small BSE-listed entity (scrip code 544025) with FY26 revenue of Rs 23.28 crore and total assets of Rs 28.78 crore. Materials dominate the cost stack at 83.4% of revenue, followed by employee costs at 15.0% and other operating expenses at 7.5%, with capex at a modest 0.7% of revenue. The business carries a heavy working-capital load — operating cash flow was a negative Rs 510 lakh in FY26, driven by rising inventories and trade receivables. Revenue has been lumpy: FY26 total income grew to Rs 2,353.15 lakh from Rs 1,500.92 lakh the prior year (per filings), after an 18% decline in FY25 to Rs 2,031.92 lakh from Rs 2,484.47 lakh in FY24. The board has not declared any dividend, citing the need to conserve resources. The company has no subsidiaries, joint ventures or associates.