Manufactures heavy and precision structural steel fabrications — heavy steel structures, precision steel structures, steel bridges and pre-engineered building structures — supplied pan-India to EPC contractors and industrial customers in data centres, power plants, steel plants, chemical units, refineries, airports and infrastructure projects, with cumulative deliveries exceeding 1 lakh tons. Operations are being consolidated at a 20-acre Umargam (Umbergaon) facility where fabrication capacity is being expanded from around 30,000–36,000 tons to 54,000 tons (total targeted 60,000 MTPA), while the Khopoli plant was shut down after contributing Rs 11 crore (3.66% of turnover). The order book rose from ~Rs 200 crore to ~Rs 350 crore by May 2025, with recent wins including a Rs 101.01 crore order for Air Cooled Condenser structures and Rs 51.96 crore of MS painted fabricated structures. Around 90–95% of orders come from repeat customers and 70–80% are described as complex jobs; named clients include Arcelor Mittal Nippon Steel, Tata Projects, L&T and John Cockerill. Materials (primarily steel) are the dominant cost at 68.1% of revenue, with FY26 revenue at Rs 300.88 crore and reported EBITDA margin at 11.13%, compressed from 13.41% in FY25 on LPG-supply disruption, rising steel prices and a Rs 1.65 crore bad-debt write-off. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Heavy & precision structural fabrication, Steel bridges, Pre-engineered buildings and building structures, Specialised industrial structures. Asset-heavy, project-driven B2B heavy structural fabrication with high material intensity and order-book-led revenue.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 301 |
| EBITDA (ex other income) | 33 |
| margin % | 10.9 |
| Owners' profit | 11 |
| EPS, as reported (₹) | 8.22 |
| ROE % · ROCE % | 9.1 · 23.6 |
| Debt / equity (x) | 0.48 |
| Cash from operations | 23 |
| Capex | (30) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 140 | 161 |
| Profit before tax | 10 | 5 |
| Net profit | 7 | 3 |
| EPS (₹) | 6.16 | 2.46 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 42,722 | 47.5 | 4.35 | 30.4 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Market maker change: SS Corporate Securities to exit from Sept 15, 2026 | general | low | — | — |
| 2 Sept 2026 · AGM Notice Published in Newspapers; Meeting on Sep 23, 2026 | compliance | minimal | — | — |
| 1 Sept 2026 · Karbonsteel Engineering FY26 annual report: revenue up, profit down | results | high | — | — |
| 1 Sept 2026 · AGM notice: raise borrowing limit to Rs 400 crore, re-appoint MD | board shareholder meetings | low | — | — |
| 1 Sept 2026 · AGM notice on Sep 23, 2026; proposes raising borrowing limit to Rs 400 Cr | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Karbonsteel bags orders worth Rs 67.14 cr from diversified conglomerate | business updates | high | — | — |
| 8 Jul 2026 · Compliance certificate for securities dematerialisation for quarter ended June 2026 | compliance | minimal | — | — |
| 16 Jun 2026 · Karbonsteel Engineering H2 & FY26 earnings call transcript submitted | investor communications | medium | — | — |
| 9 Jun 2026 · Intimation regarding Earning conference call for the half year and year ended March 31, 2026 to be held on Friday, June 12, 2026 at 4.00 P.M. IST | board shareholder meetings | low | — | — |
| 30 May 2026 · The Board of Director in its meeting held on May 30, 2026 has re-appointed Internal Auditor, Secretarial Auditor and Cost Auditor | management changes | low | — | — |
| 11,339 |
| 26.3 |
| 2.73 |
| 18.6 |
| 11.4 |
| 12.4 |
| 29.6 |
| 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.8 | 14.9 | 43 of 107 | 60% |
| P/B | 1.4 | 1.4 | 42 of 86 | 52% |
| ROCE | 11.5 | 10.0 | 50 of 109 | 55% |
| ROE | 9.1 | 9.2 | 47 of 91 | 49% |
| Debt / Equity | 0.5 | 0.3 | 56 of 91 | 39% |
| EBITDA margin | 8.6 | 12.4 | 63 of 88 | 29% |
| Market cap | 156 | 485 | 67 of 108 | 38% |
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| 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.
