Provides engineering research and design (ER&D) services and design-led precision manufacturing (DLM), serving customers across Hi-Tech (semiconductor equipment, both front-end and back-end) and Engineering (automotive, aerospace, medical devices, solar) verticals. In H1 FY26, DLM contributed 63% of revenue and ER&D 37%, with management pivoting capacity from ER&D into DLM. Revenue is generated through fee-based engineering/design services and through the manufacture of high-precision capital equipment and components in its own facilities. The company operated seven manufacturing facilities at FY26 year-end, after commissioning two new units in Bengaluru and one in Vietnam during the year, and was running at 80-85% capacity utilization. It has signed MoUs for Rs 510 crore of capex in Karnataka and Rs 250 crore in Tamil Nadu, and received ECMS approval for Rs 565 crore of investment in high-precision capital equipment manufacturing. FY26 consolidated revenue was Rs 528.5 crore with EBITDA margin of 19.1%; the largest cost line is employee cost at 40.4% of revenue, followed by materials at 33.2%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Export Services (ER&D), Domestic Services (ER&D), Export Manufacturing (DLM), Domestic Manufacturing (DLM). Engineering services plus capital-intensive precision manufacturing, pivoting mix from services towards design-led manufacturing.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 192 | 220 | 202 | 289 | 529 |
| EBITDA (ex other income) | 21 | 21 | 6 | 47 | 99 |
| margin % | 11.0 | 9.4 | 2.8 | 16.3 | 18.7 |
| Owners' profit | 14 | 7 | (7) | 26 | 61 |
| EPS, as reported (₹) | 13.90 | 5.36 | (3.16) | 10.59 | 41.65 |
| ROE % · ROCE % | 21.2 · 29.5 | 10.3 · 18.5 | (5.2) · (0.4) | 15.2 · 24.6 | 19.8 · 24.1 |
| Debt / equity (x) | 0.69 | 0.88 | 0.51 | 0.46 | 0.37 |
| Cash from operations | 14 | 20 | (1) | (23) | 93 |
| Capex | 0 | 0 | 0 | 0 | (95) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 65 | 115 | 123 | 277 | 116 | 135 | 199 |
| Profit before tax | 4 | 8 | 22 | 21 | 48 | 13 | 23 | 39 |
| Net profit | 2 | 5 | 15 | 16 | 35 | 9 | 17 | 27 |
| EPS (₹) | 1.83 | 4.40 | 10.11 | 10.67 | 23.76 | 6.38 | 11.48 | 18.39 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Export service | 24 | 3.8 |
| Import Service | 34 | 5.2 |
| Export Manufacturing | 4 | 0.6 |
| Import Manufacturing | 72 | 11.1 |
| Export- Services | 26 | 3.9 |
| domestic- Services | 45 | 6.8 |
| Export- Manufacturing | 3 | 0.4 |
| Domestic-Manufacturing | 43 | 6.6 |
| export | 42 | 6.4 |
| domestic | 73 | 11.3 |
| manufacturing export | 7 | 1.0 |
| manufacturing domestic | 156 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · EGM on Oct 4 for Rs.526 cr preferential issue and director appointment | board shareholder meetings | low | — | — |
| 9 Sept 2026 · ASM Technologies board approves Rs 526 crore preferential issue to SBI MF and others | fund raising | high | — | — |
| 9 Sept 2026 · ASM Technologies board okays Rs 526 crore preferential allotment | fund raising | high | — | — |
| 6 Sept 2026 · Board to consider preferential issue of equity shares or warrants on 9 Sept | fund raising | high | — | — |
| 31 Aug 2026 · ASM Technologies appoints Amrita Verma Chowdhury as Independent Woman Director | management changes | medium | — | — |
| 13 Aug 2026 · Monitoring Agency Report on Preferential Issue Proceeds Q1FY27 | compliance | minimal | — | — |
| 6 Aug 2026 · ASM Technologies Q1FY27: Revenue up 62%, EBITDA margin at 23.2% | investor communications | medium | — | — |
| 5 Aug 2026 · ASM Technologies 34th AGM approves dividend, 500 Cr capital raise | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Q1 FY27 Results: Interim Dividend of Rs 6 per share | results | high | — | — |
| 5 Aug 2026 · ASM Technologies Q1 FY27 PAT up 66 pc YoY; board declares Rs 6 interim dividend | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 23.9 |
| Export | 21 | 3.2 |
| Domestic | 38 | 5.9 |
| Manufacturing Export | 4 | 0.6 |
| Manufacturing Domestic | 61 | 9.3 |
| Total, before eliminations | 651 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 115.0 | 16.6 | 70 of 71 | 1% |
| P/B | 32.8 | 2.9 | 63 of 64 | 2% |
| ROCE | 21.8 | 14.2 | 19 of 78 | 77% |
| ROE | 19.8 | 11.5 | 14 of 67 | 80% |
| Debt / Equity | 0.4 | 0.0 | 56 of 68 | 18% |
| EBITDA margin | 24.1 | 18.4 | 16 of 65 | 77% |
| Revenue growth | 61.8 | 10.6 | 6 of 63 | 92% |
| Profit growth | 72.2 | 6.7 | 9 of 62 | 87% |
| Market cap | 10068 | 475 | 15 of 75 | 81% |
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| 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.
