BSE: 544186
Forbes Precision Tools and Mac
Manufactures precision tools and machine parts, with a single reportable Engineering segment accounting for 100% of FY26 revenue of ₹251.01 crore. Within that segment, quarterly revenue rose sequentially through the year, from ₹53.28 crore in Q1 FY26 to ₹63.27 crore in Q2, ₹64.37 crore in Q3 and ₹70.96 crore in Q4, with full-year Engineering EBIT of ₹41.16 crore. The cost base is led by raw materials at 37.2% of revenue, followed by other operating expenses (26.6%) and employee costs (20.1%), with depreciation at 6.2% and capex at 7.3%. FY26 profit after tax was ₹28.77 crore, effectively flat year-on-year, after the company absorbed an exceptional charge of approximately ₹590 lakhs arising from new Indian Labour Code provisions on gratuity and compensated absences. The board declared an interim dividend of Rs 5 per share during FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Engineering (100%). Single-segment industrial manufacturer of precision tools and machine parts
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 229 | 233 | 251 |
| EBITDA (ex other income) | 51 | 51 | 53 |
| margin % | 22.5 | 22.0 | 21.1 |
| Owners' profit | 30 | 29 | 29 |
| EPS, as reported (₹) | 110.63 | 5.57 | 5.58 |
| ROE % · ROCE % | 21.6 · 27.0 | 17.3 · 22.3 | 17.1 · 22.3 |
| Debt / equity (x) | 0.04 | 0.12 | 0.09 |
| Cash from operations | 9 | 51 | 28 |
| Capex | (97) | (28) | (18) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58 | 57 | 66 | 52 | 63 | 64 | 71 | 68 |
| Profit before tax | 10 | 10 | 14 | 5 | 11 | 8 | 15 | 12 |
| Net profit | 7 | 7 | 9 | 4 | 8 | 6 | 11 | 9 |
| EPS (₹) | 1.42 | 1.44 | 1.77 | 0.74 | 1.61 | 1.08 | 2.14 | 1.75 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.0 | 26.7 | 58 of 130 | 56% |
| P/B | 4.6 | 3.1 | 71 of 112 | 37% |
| ROCE | 21.4 | 11.3 | 25 of 142 | 83% |
| ROE | 17.1 | 9.8 | 22 of 113 | 81% |
| Debt / Equity | 0.1 | 0.2 | 42 of 113 | 63% |
| EBITDA margin | 24.1 | 12.4 | 19 of 110 | 84% |
| Revenue growth | 28.9 | 20.6 | 39 of 114 | 66% |
| Profit growth | 137.0 | 17.1 | 16 of 109 | 86% |
| Market cap | 781 | 273 | 47 of 141 | 67% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Board approves ₹60 crore steel taps capacity expansion | capex operations | high | — | — |
| 28 Oct 2026 · Half-year revenue and profit rise; board approves Rs 60 crore Steel Taps expansion | results | medium | — | — |
| 28 Oct 2026 · H1 FY27 profit rises 40%; board approves Rs 60 crore capacity expansion | results | high | — | — |
| 21 Oct 2026 · Board meeting on Oct 28 to consider Q2 and H1 FY26-27 results | results | low | — | — |
| 13 Oct 2026 · Statutory auditor Sharp & Tannan converts to LLP, no change in tenure | management changes | low | — | — |
| 8 Oct 2026 · Routine compliance filing: no demat requests in Q2 FY26 | compliance | minimal | — | — |
| 5 Oct 2026 · Postal Ballot Results: MD Re-appointed, Director Commission Approved | management changes | high | — | — |
| 25 Sept 2026 · Trading Window Closed from Oct 1 for Q2 Results | compliance | minimal | — | — |
| 4 Sept 2026 · Forbes Precision Tools submits Postal Ballot newspaper notice to BSE | compliance | minimal | — | — |
| 3 Sept 2026 · Postal Ballot: MD Re-appointment and NED Commission Approval | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
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Sources, method and disclosures
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.