Makes Roto Gravure printing cylinders and runs a wind power facility from a registered office in Ahmedabad. Filings describe the manufacturing line as copper engraved cylinders; FY26 (year ended 31 March 2026) segment data shows 7.72 crore of revenue from the primary segment and 0.08 crore from wind power, with other income of 0.23 crore. Net profit for FY26 was 3.77 crore on total assets of 29.12 crore. Quarterly segment trends show operating revenue has been uneven, with several quarters dominated by other income rather than manufacturing. The entity is BSE-listed under Industrial Products and is undergoing a change of control, with five members of the Dholu family acquiring promoter and public shares through a mandatory open offer at Rs 56.84 per share. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Primary segment (Roto Gravure cylinders) (100%), Power generation - Wind farm, Other income. Small-cap industrial manufacturer with wind farm; ownership in transition
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 11 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (1) | (2) | (1) | (1) | (2) |
| margin % | (10.0) | — | — | — | — |
| Owners' profit | 1 | (2) | (1) | (1) | 4 |
| EPS, as reported (₹) | 1.08 | (2.31) | (1.23) | 1.06 | 5.40 |
| ROE % · ROCE % | 3.4 · 6.1 | (7.1) · (9.0) | (3.9) · (5.1) | (3.5) · (5.0) | 15.1 · 20.3 |
| Debt / equity (x) | 0.02 | 0.01 | 0.04 | 0.00 | 0.12 |
| Cash from operations | (1) | (0) | (1) | 2 | (15) |
| Capex | (0) | (0) | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (1) | 7 | (1) | (0) |
| Net profit | (0) | (0) | (0) | (0) | (0) | 5 | (1) | (0) |
| EPS (₹) | 0.00 | (0.22) | 0.23 | 0.39 | 0.66 | 7.10 | 0.74 | 0.00 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Other Income | 8 | 95.9 |
| Power Gerneration-Wind Farm | 0 | 2.4 |
| Manufacturing for Copper eng.Cyl. | 0 | 1.0 |
| Power Generation-Wind Farm | 0 | 0.6 |
| Total, before eliminations | 8 | 100.0 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Lippi Systems fixes AGM notice typo; borrowing cap cut to Rs 50 Crore from Rs 500 Crore | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Company contact number changed to +91 85113 35825 | compliance | minimal | — | — |
| 8 Sept 2026 · Annual Report FY 2025-26 with name change, new MD and auditor change | general | low | — | — |
| 8 Sept 2026 · 33rd AGM notice: name change to Nilkanth Resources and mining business shift | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Lippi Systems 33rd AGM notice published, e-voting details | compliance | minimal | — | — |
| 3 Sept 2026 · Board allots 65 lakh convertible warrants to promoters at Rs 56.84 each | fund raising | high | — | — |
| 1 Sept 2026 · New promoter group acquires 49.77 percent stake in Lippi Systems | strategic transactions | critical | — | — |
| 1 Sept 2026 · Major board overhaul, name change to Neelkanth Resources and shift to mining | compliance | medium | — | — |
| 28 Aug 2026 · Lippi Systems promoters sell 1.3% stake via off-market deal | ownership changes | high | — | — |
| 27 Aug 2026 · Lippi Systems changes control; Dholu family takes over; name change to Neelkanth | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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 | 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) | 25.8 | 26.9 | 65 of 138 | 53% |
| P/B | 6.2 | 3.5 | 79 of 111 | 29% |
| ROCE | 20.1 | 11.3 | 28 of 144 | 81% |
| ROE | 15.1 | 9.5 | 27 of 117 | 78% |
| Debt / Equity | 0.1 | 0.2 | 51 of 117 | 57% |
| Profit growth | 98.7 | 17.1 | 28 of 109 | 75% |
| Market cap | 153 | 356 | 88 of 140 | 37% |
| 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.
