Manufactures cargo containers and is expanding into railway wagon manufacturing from a 144-acre integrated campus being built in Kachchh, Gujarat. The core business is container manufacturing — including standard, stainless steel and foldable variants for transporting steel coils, slabs and sheets — with 15,000 containers delivered as of H1 FY26 and a ₹140 cr order book for FY26. A diversification into wagon manufacturing is underway, with RDSO-cleared specialized designs and Phase 1 capacity of 2,500 wagons per year planned to scale to 7,500–8,000 per year. The Gujarat campus is also intended to host a Gati Shakti cargo rail terminal, an inline container depot for EXIM cargo, and a steel foundry for wagon components such as bogies, couplers and wheelsets. Revenue in FY26 stood at ₹149.94 cr, with materials accounting for 68.6% of revenue and capex running at 24.5% of revenue. The customer base spans Indian Railways, container train operators and private logistics firms including DP World, Mazagon Dock, NTPC, Western Carriers and Amba Coach Builders, and a Japanese alliance signed in February 2026 with Innovation Thru Energy adds ISO IceBattery refrigerated containers to the line. The balance sheet is nearly debt-free at 0.08% debt-to-equity, with ₹170–200 cr of capex planned at the Gujarat site. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Container manufacturing, Wagon manufacturing, Steel foundry and wagon components, Logistics infrastructure (planned). Capital-intensive, growing industrial manufacturer in the middle of a heavy capex phase, with a debt-free balance sheet and a multi-year buildout in containers, wagons and rail-logistics infrastructure.
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 94 | 139 | 150 |
| EBITDA (ex other income) | 13 | — | — |
| margin % | 14.3 | — | — |
| Owners' profit | 0 | — | — |
| EPS, as reported (₹) | 16.41 | 19.85 | 23.89 |
| ROE % · ROCE % | 18.9 · 26.1 | — · 29.6 | — · 26.4 |
| Debt / equity (x) | 0.15 | — | — |
| Cash from operations | (9) | 8 | 18 |
| Capex | (2) | (2) | (37) |
| ₹ crore | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 45 | 70 | 69 | 92 | 58 |
| Profit before tax | 5 | 11 | 8 | 13 | 10 |
| Net profit | 4 | — | — | — | — |
| EPS (₹) | 5.56 | 11.47 | 8.53 | 13.35 | 10.44 |
| 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 | 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Inauguration of Gati Shakti Cargo Terminal and key logistics milestones on Sep 14 | capex operations | high | — | — |
| 11 Sept 2026 · Approval received for Inland Container Depot at Shivlakha, Kutch, Gujarat | capex operations | medium | — | — |
| 10 Sept 2026 · BSE in-principle approval for 3.23 lakh convertible warrants on preferential basis | fund raising | medium | — | — |
| 8 Sept 2026 · Kalyani Cast Tech signs strategic and technology collaboration with ITE Japan | strategic transactions | high | — | — |
| 5 Sept 2026 · Book Closure from Sep 24 to Sep 30, 2026 for 14th AGM | compliance | minimal | — | — |
| 5 Sept 2026 · 14th AGM notice filed, meeting on 30 September 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Annual Report FY25-26 filed; AGM on Sept 30, 2026 | results | medium | — | — |
| 31 Aug 2026 · Board outcome: AGM on Sept 30, WTD re-appointment, auditor appointments | board shareholder meetings | medium | — | — |
| 21 Aug 2026 · First Container Trial Train Reaches Gati Shakti Terminal | business updates | medium | — | — |
| 19 Aug 2026 · Kalyani Cast-Tech gets Gujarat registration for Rs 110 crore freight terminal project | business updates | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 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) | 26.2 | 26.9 | 67 of 138 | 52% |
| ROCE | 26.3 | 11.3 | 12 of 144 | 92% |
| Revenue growth | 27.2 | 20.6 | 41 of 114 | 65% |
| Market cap | 824 | 356 | 48 of 140 | 66% |
| 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 |
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.
