LATTEYS INDUSTRIES LTD

Makes and supplies industrial products in the compressors, pumps and diesel engines space, with current activity centred on off-grid DC solar photovoltaic water pumping systems for state electricity utilities. In FY26, revenue was ₹116.88 crore and net profit was ₹3.56 crore, giving a net profit margin of 3.04% and an EBITDA margin of 5.60%. Materials accounted for the bulk of costs at ₹92.85 crore, or 79.4% of revenue, while employee cost was 5.9% and other operating expenses were 12.0% of revenue. The order book is anchored by a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 7,369 off-grid DC solar PV pumping systems in 3 HP, 5 HP and 7.5 HP capacities, valued at approximately ₹187.39 crore, to be executed by December 2026 under the state Magel Tyala Saur Krushi Pump Yojana (part of the central PM-KUSUM B scheme); a follow-on MSEDCL order worth ₹22 crore for 994 systems was received in July 2026. Work scope on these orders covers design, manufacture, supply, transport, installation, testing and commissioning. In February 2026, the company acquired a 12.57% stake in Amigo Green Energy Pvt Ltd, a green energy business, and closed its subsidiary Latteys Electricals Pvt Ltd in January 2026.