NSE: GALAPREC · BSE: 544244
GALA PRECISION ENG LTD
Manufactures precision-engineered springs, fasteners and assemblies for renewable energy, industrial and mobility customers. In FY26, revenue of ₹314.3 crores came from three product groups within the Springs, Parts, Fasteners and Assemblies segment: DSS (Disc Spring Stacks) ~49% of sales, SFS (Special Fastening Solutions) ~34%, and CSS (Coil Springs) ~17%; SFS crossed ₹108 crores and grew 64% YoY. The company sells to ~175 global customers across 25 countries, with exports contributing 35-40% of total sales. Operations include a new Chennai fastener facility with 4,600 MT installed capacity, operating at ~35% utilization in FY26 with total capacity targeted at ₹120 crores annually by year-end. Major end-markets include wind turbine OEMs (60-65% of wind fastener demand is in India), with new entries into offshore wind and high-tensile bolts (M27-M72) in FY26. Materials at 43.9% of revenue form the largest cost, followed by other operating expenses at 31.8% and employees at 11.2%; capex ran at 9.5% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Springs, Parts, Fasteners and Assemblies (100%), Surface Engineering Solution (0%). Capital-goods precision components manufacturer serving wind energy and industrial OEMs
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 238 | 314 |
| EBITDA (ex other income) | 41 | 51 |
| margin % | 17.0 | 16.2 |
| Owners' profit | 27 | 35 |
| EPS, as reported (₹) | 23.23 | 27.85 |
| ROE % · ROCE % | 10.5 · 13.9 | 12.1 · 15.2 |
| Debt / equity (x) | 0.09 | 0.13 |
| Cash from operations | 3 | 10 |
| Capex | (27) | (30) |
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 | 51 | 58 | 75 | 63 | 71 | 85 | 95 | 75 |
| Profit before tax | 6 | 7 | 11 | 8 | 10 | 11 | 15 | 10 |
| Net profit | 5 | 5 | 10 | 7 | 8 | 8 | 12 | 8 |
| EPS (₹) | 5.03 | 4.72 | 8.65 | 5.14 | 6.62 | 6.53 | 9.60 | 6.41 |
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 | 46,786 | 97.2 | 24.93 | 80.7 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 29,194 | 78.7 | 9.52 | 50.8 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 27,680 | 50.5 | 6.20 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 22,459 | 64.9 | 4.72 | 31.9 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 21,078 | 65.5 | 10.53 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 17,356 | 99.3 | 6.05 | 56.2 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,374 | 469.7 | 3.93 | 40.0 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,314 | 48.4 | 7.32 | 50.2 | 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) | 36.3 | 26.5 | 83 of 130 | 36% |
| P/B | 4.6 | 3.1 | 71 of 112 | 37% |
| ROCE | 14.3 | 11.3 | 54 of 142 | 62% |
| ROE | 12.1 | 9.8 | 37 of 113 | 68% |
| Debt / Equity | 0.1 | 0.2 | 49 of 113 | 57% |
| EBITDA margin | 17.6 | 12.4 | 34 of 110 | 70% |
| Revenue growth | 19.5 | 20.6 | 59 of 114 | 49% |
| Profit growth | 25.4 | 17.1 | 51 of 109 | 54% |
| Market cap | 1358 | 279 | 38 of 141 | 74% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Reg 74(5) compliance certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 23 Sept 2026 · Gala Precision Engineering to attend investor meet on Sep 29 | board shareholder meetings | low | — | — |
| 17 Sept 2026 · Investor meeting scheduled for 23 September 2026 in Mumbai | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Gala Precision Engineering Investor Presentation August 2026 | investor communications | medium | — | — |
| 24 Aug 2026 · Income Tax Search Proceedings Concluded | regulatory legal | high | — | — |
| 18 Aug 2026 · Income Tax Department begins proceedings against Gala Precision Engineering | regulatory legal | high | — | — |
| 11 Aug 2026 · Q1 FY27 Earnings Call: Revenue up 20%, Margin Guide 17-19% | investor communications | medium | — | — |
| 7 Aug 2026 · Audio recording of Q1 FY27 earnings call shared | investor communications | low | — | — |
| 7 Aug 2026 · IPO Proceeds Monitoring Report for Q1 FY27 | capital market events | low | — | — |
How to read this document
| 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 | 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 |
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.