BSE: 543460
Quality RO Industries Limited
Operates three reportable businesses from Vadodara, Gujarat. The RO products segment makes and sells reverse-osmosis based water purification equipment. Transport income is the largest of the three lines, earned from freight and transport services. The realty segment is the smallest, with revenue of Rs. 19 lakhs in H1 FY26 versus the transport line at Rs. 518.15 lakhs and RO products at Rs. 149.91 lakhs in the same period. The consolidated entity also includes joint venture Gopinath Enterprise, which contributes to group revenue. Total consolidated revenue for FY26 was Rs. 15.6976 crore against Rs. 20.3 crore of total assets, with materials accounting for 83.7% of revenue. The company is listed on the BSE SME platform under scrip code 543460 and has 109 shareholders on its register. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Transport Income, RO Products, Realty. Small, multi-segment industrial and services company with material-heavy costs and thin profitability
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 6 | 13 | 16 | 16 |
| EBITDA (ex other income) | — | — | — | — |
| margin % | — | — | — | — |
| Owners' profit | — | — | — | — |
| EPS, as reported (₹) | (0.07) | 0.00 | 6.77 | 1.54 |
| ROE % · ROCE % | — · 1.3 | — · 20.1 | — · 17.0 | — · 0.5 |
| Debt / equity (x) | — | — | — | — |
| Cash from operations | (2) | (2) | (4) | (1) |
| Capex | — | — | (0) | 0 |
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 3 | 6 | 7 | 8 | 8 | 9 | 7 |
| Profit before tax | (0) | 1 | 1 | 0 | 2 | 0 | (1) |
| Net profit | — | — | — | — | — | — | — |
| EPS (₹) | (0.07) | 2.08 | 0.00 | 0.39 | 5.63 | 1.20 | 2.74 |
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 | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 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) | 2.7 | 26.7 | 4 of 130 | 98% |
| ROCE | (4.0) | 11.3 | 133 of 142 | 6% |
| Revenue growth | (1.3) | 20.6 | 83 of 114 | 27% |
| Market cap | 7 | 273 | 139 of 141 | 1% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Filing of Regulation 74(5) certificate for September 2026 quarter | compliance | minimal | — | — |
| 1 Oct 2026 · AGM results: All 10 resolutions passed with 100% votes in favor | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 5th AGM held on Sep 30, 2026; financial statements adopted, directors re-appointed | board shareholder meetings | medium | — | — |
| 29 Sept 2026 · Trading window closed from Oct 1 for H2 FY26 results | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report FY26 and 5th AGM Notice filed with BSE | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · AGM on Sept 30 - director re-appointments, related party deals, auditor change | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Board approves director re-appointments, new auditor and 5th AGM notice | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · Board approves director re-appointments and 5th AGM notice | board shareholder meetings | low | — | — |
| 15 Jul 2026 · Compliance filing: No physical share certificates received for demat in Q1 FY27 | compliance | minimal | — | — |
| 29 May 2026 · Financial Results 31.03.2026 | results | high | — | — |
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.