Classified under Iron & Steel Products by BSE, the entity generated consolidated FY26 revenue of ₹5,506.46 lakhs, of which ₹3,512.22 lakhs came from standalone operations and the balance from its subsidiary Padmavati Chemicals. Padmavati Chemicals was the main driver of FY26 growth — consolidated revenue rose 53% year-on-year versus 13% on a standalone basis. Standalone quarterly performance has been uneven, with Q3 FY26 revenue from operations falling to ₹511.22 lakhs from ₹726.12 lakhs a year earlier, while consolidated 9-month FY26 revenue grew about 62% year-on-year to ₹3,537.37 lakhs. Capex of ₹7.33 crore in FY26 (13.3% of revenue) points to investment in operating or manufacturing assets. The disclosed cost lines in FY26 are limited — employee cost at 2.3% of revenue and other operating expenses at 1.3% of revenue, with materials cost shown at zero and depreciation at 0.3% of revenue. Headquartered in Ahmedabad, listed on BSE under scrip 539455. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Standalone operations, Padmavati Chemicals (subsidiary). Small-cap industrial with iron & steel products classification and chemicals subsidiary
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 36 | 55 |
| EBITDA (ex other income) | 2 | 4 |
| margin % | 4.9 | 7.1 |
| Owners' profit | 1 | 3 |
| EPS, as reported (₹) | 3.30 | 4.99 |
| ROE % · ROCE % | 5.0 · 6.7 | 10.9 · 15.3 |
| Debt / equity (x) | 0.01 | 0.10 |
| Cash from operations | (7) | 4 |
| Capex | (0) | (7) |
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 9 | 14 | 15 | 11 | 10 | 25 |
| Profit before tax | 0 | 1 | 1 | 1 | 1 | 2 |
| Net profit | 0 | 1 | 1 | 1 | 1 | 1 |
| EPS (₹) | 0.54 | 1.68 | 0.87 | 0.83 | 1.17 | 1.70 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Sept 2026 · Ecofinity Atomix submits Annual Report for FY 2025-26 | results | medium | — | — |
| 6 Sept 2026 · 34th AGM on 28 Sept 2026 via video conferencing; remuneration approval on agenda | board shareholder meetings | medium | — | — |
| 25 Aug 2026 · EGM on Sep 16, 2026 for warrants issue, MoA change, borrowing limit hike | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Board approves preferential issue of 23.9 lakh equity warrants worth Rs 2.39 cr | fund raising | medium | — | — |
| 13 Aug 2026 · Q1 FY27 Results: PAT flat at Rs 58.29 lakh on standalone basis | results | medium | — | — |
| 13 Aug 2026 · Ecofinity Atomix Q1 FY27 Results: Revenue up, PAT flat at Rs 58 lakh | results | high | — | — |
| 8 Aug 2026 · Board meeting on 13 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
| 4 Aug 2026 · Name change to Ecofinity Atomix Limited effective August 5, 2026 | corporate actions | medium | — | — |
| 24 Jul 2026 · BSE advisory for delay in name change filing | regulatory legal | high | — | — |
| 30 Jun 2026 · Trading Window Closure Ahead of Q1 Results Declaration | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| GODAWARI POW & ISP LTD |
| 15,875 |
| 18.6 |
| 2.71 |
| 12.0 |
| 13.7 |
| 17.0 |
| 5.7 |
| 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.1 | 16.2 | 56 of 118 | 53% |
| P/B | 1.5 | 1.7 | 44 of 99 | 56% |
| ROCE | 14.7 | 8.7 | 29 of 120 | 77% |
| ROE | 10.9 | 8.6 | 42 of 114 | 64% |
| Debt / Equity | 0.1 | 0.1 | 54 of 114 | 53% |
| EBITDA margin | 6.8 | 11.0 | 65 of 100 | 35% |
| Revenue growth | 79.5 | 13.7 | 11 of 97 | 90% |
| Profit growth | 53.1 | 29.3 | 43 of 105 | 60% |
| Market cap | 48 | 247 | 85 of 120 | 29% |
| 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.
