Manufactures industrial valves — including hull valves, submarine valves, triple offset butterfly valves, and cryogenic valves — for shipbuilding, defence, oil & gas, power, and chemical applications. Production runs out of a 35,000 sq ft facility in Chakan, Pune, with annual capacity scaled to 30,000 valves, supported by certifications from DNV, ABS, and Lloyd's Register. Customers include Mazagon Dock Shipbuilders, the Ministry of Defence, GRSE, CSL, BHEL, Adani Dhamra LNG, US refineries, and a Russian gas agency (via an Indian EPC), with the order book crossing ₹100 crore in FY26 and a ₹125+ crore pipeline. The company divested its water solutions subsidiary H2O Dynamics India and a non-operating casting subsidiary (TAMR Alloys) to refocus on its core flow-control business, and is pursuing API Monogram certification to access global oil and gas projects. FY26 consolidated revenue stood at ₹62.36 crore against total assets of ₹124.21 crore. Materials account for 67.3% of revenue and employees 15.8%, making raw materials the dominant cost driver. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Industrial valves and flow control systems. Small-cap, order-driven industrial valve manufacturer focused on defence and energy sectors
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 67 | 62 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 6.69 | 4.21 |
| ROE % · ROCE % | — · 11.2 | — · 0.4 |
| Debt / equity (x) | — | — |
| Cash from operations | 4 | (8) |
| Capex | (5) | 0 |
| ₹ crore | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 30 | 38 | 26 | 36 |
| Profit before tax | 5 | 4 | 2 | (2) |
| Net profit | — | — | — | — |
| EPS (₹) | 3.91 | 2.78 | 1.10 | 5.31 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INOX INDIA LIMITED | 20,354 | 79.9 | 18.21 | 53.0 | 23.1 | 30.0 | — | 23.4 |
| HBL ENGINEERING LTD | 19,890 | 21.5 | 8.99 | 17.0 | 36.8 | 45.3 | 29.4 | 26.2 |
| ESAB INDIA LTD | 9,101 | 41.0 | 21.20 | — | 48.1 | 60.4 | — | 19.2 |
| SUBROS LIMITED | 4,581 | 27.5 | 3.68 | 13.0 | 13.3 | 16.0 | 15.9 | 8.4 |
| W P I L LTD. | 4,268 | 27.0 | 2.17 | 12.1 | 10.2 | 13.1 | 13.3 | 17.7 |
| HARSHA ENGINEERS INT LTD | 4,060 | 26.3 | 2.90 | 15.8 | 11.1 | 13.2 | — | 15.9 |
| ADOR WELDING LTD | 2,802 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Quest Flow Controls 10th AGM notice published in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · Annual Report FY26 filed with AGM notice; PAT loss, order book above Rs 100 cr | results | high | — | — |
| 3 Sept 2026 · 10th AGM on Sept 25, 2026; FY26 reported loss but order book above Rs 100 crore | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Quest Flow Controls board clears new auditor, re-appoints MD and WTD | management changes | medium | — | — |
| 8 Jul 2026 · Filing of SEBI Reg 74(5) certificate for quarter ended June 2026 | compliance | minimal | — | — |
| 2 Jul 2026 · Quest Flow Controls appoints new statutory auditor after previous one's resignation | management changes | medium | — | — |
| 2 Jul 2026 · Promoter group sells 4.50 percent stake in Quest Flow Controls via off-market deal | ownership changes | high | — | — |
| 30 Jun 2026 · Statutory Auditor Bilimoria Mehta and Co resigns mid-term | management changes | medium | — | — |
| 29 May 2026 · Announcement Under Regulation 30 (LODR)-Investor Presentation | investor communications | medium | — | — |
| 28 May 2026 · Financial Results 31.03.2026 | results | high | — | — |
| 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 |
| 24.7 |
| 5.05 |
| 20.2 |
| 14.8 |
| 19.9 |
| 20.6 |
| 13.8 |
| DIFFUSION ENGINEERS LTD | 1,686 | 30.7 | 4.16 | 22.6 | 12.4 | 15.2 | — | 16.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.6 | 17.3 | 13 of 29 | 57% |
| ROCE | (0.4) | 12.3 | 28 of 31 | 10% |
| Market cap | 182 | 108 | 13 of 31 | 60% |
| 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.
