SHINING TOOLS LIMITED

Manufactures carbide precision tools, including brazed carbide anvils, for industrial customers. Listed on the BSE SME platform on 14 November 2025 after a fixed price IPO that raised Rs.17.10 crores, the company has been deploying fresh capital into production capacity — Rs.8.89 crores into plant and machinery specifically for Carbide Precision Tools, Rs.3.85 crores into working capital, and Rs.2.48 crores for general corporate purposes. Revenue from operations reached Rs.1,829.49 lakhs in FY26, with profit after tax of Rs.389.03 lakhs and an EBITDA margin of 38.7%. The product line was underscored by a recent order from domestic buyer Chandan Process for 50 quintals of Brazed Carbide Anvils valued at Rs.2,00,60,000 (inclusive of 18% GST), payable 100% on delivery within 6 months. Raw materials are the largest input cost at 55.7% of revenue, followed by depreciation at 9.1% and employee costs at 9.7%. Capex ran at 44.5% of revenue in FY26, consistent with an active capacity build-out phase.