Manufactures industrial valves for process industries such as steel, cement, power, fertilizers, water, and chemicals, operating from facilities in India. Revenue splits between a Manufacturing segment and a Project Sales segment, with FY26 total income of ₹30.17 crore and an EBITDA margin of 30.07%. Key products include patented Line Blind Valves, which customers report deliver 40-60% OPEX savings during shutdowns, and large Double Offset Butterfly Valves (DN 3000 MM) for blast furnace gas service. The customer base includes Larsen & Toubro, AMNS India, Tata Steel, and JSW Steel Salem, with 1,400 valves dispatched to the latter in a record 10 weeks. The largest cost is raw materials at 59.2% of revenue, followed by other operating expenses at 27.3% and employee costs at 10.0%. Management targets ₹250 crore in revenue by FY29-30, framing its opportunity around India's industrial capex cycle where valves typically account for 1-1.5% of total project cost. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing, Project Sales. Cyclical, project-driven industrial valve manufacturer serving process industries
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 11 | 20 | 31 | 40 | 30 |
| EBITDA (ex other income) | 2 | 4 | 11 | 8 | 4 |
| margin % | 13.8 | 19.1 | 35.6 | 19.8 | 12.2 |
| Owners' profit | (1) | 3 | 4 | 7 | 5 |
| EPS, as reported (₹) | 0.49 | 2.43 | 3.51 | 4.42 | 2.80 |
| ROE % · ROCE % | (6.1) · 3.8 | 23.2 · 18.0 | 11.9 · 26.6 | 7.3 · 10.0 | 4.7 · 7.2 |
| Debt / equity (x) | 1.29 | 0.88 | 0.14 | 0.00 | 0.00 |
| Cash from operations | 2 | 2 | 4 | (1) | (10) |
| Capex | (1) | (1) | (1) | (3) | (6) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 8 | 12 | 10 | 5 | 5 | 10 | 11 |
| Profit before tax | 2 | 2 | 2 | 4 | 2 | 1 | 1 | 1 |
| Net profit | 2 | 2 | 2 | 3 | 1 | 0 | 1 | 1 |
| EPS (₹) | 1.07 | 0.89 | 1.12 | 1.68 | 0.68 | 0.10 | 0.33 | 0.37 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Manufacturing | 25 | 70.1 |
| Project Sales | 5 | 14.8 |
| Unallocated | 5 | 15.1 |
| Total, before eliminations | 36 | 100.0 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Newspaper ad regarding 30th AGM and e-voting details | compliance | minimal | — | — |
| 3 Sept 2026 · Web link to FY26 Annual Report sent to shareholders without registered email | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report FY26: Revenue down 24.6%, PAT down 28.5%, no dividend | results | high | — | — |
| 3 Sept 2026 · 30th AGM notice on Sept 30, 2026 via VC; FY26 revenue down 24.6% to Rs 30.17 cr | board shareholder meetings | low | — | — |
| 30 Aug 2026 · Newspaper notice for 30th AGM on Sep 30, 2026 via video conferencing | compliance | minimal | — | — |
| 29 Aug 2026 · Board approves MOA change and hikes Section 186 limit to Rs 100 Cr | general | medium | — | — |
| 29 Aug 2026 · Board okays Rs 100Cr investment limit, MOA change for new sectors, AGM Sep 30 | fund raising | medium | — | — |
| 13 Aug 2026 · Q1 FY27 results: revenue up 12% YoY but profit down sharply vs year-ago quarter | compliance | minimal | — | — |
| 12 Aug 2026 · No deviation in use of warrant conversion proceeds | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 results: Revenue up, profit down sharply vs year-ago quarter | results | high | — | — |
| 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 |
| 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 | 48.3 | 7.30 | 50.1 | 11.7 | 11.5 | — | 15.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 42.6 | 26.9 | 95 of 138 | 31% |
| P/B | 1.1 | 3.5 | 16 of 111 | 86% |
| ROCE | 7.0 | 11.3 | 101 of 144 | 30% |
| ROE | 4.7 | 9.5 | 85 of 117 | 28% |
| Debt / Equity | 0.0 | 0.2 | 4 of 117 | 78% |
| EBITDA margin | 11.2 | 12.4 | 61 of 110 | 45% |
| Revenue growth | 18.8 | 20.6 | 61 of 114 | 47% |
| Profit growth | (77.0) | 17.1 | 92 of 109 | 16% |
| Market cap | 116 | 356 | 98 of 140 | 30% |
| 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.
