BSE: 544074
Shri Balaji Valve Components L
Manufactures valve components used in oil & gas, petrochemical, power, pharma, defence and food & beverage end-markets, operating from three plants in Pune. Shri Balaji Valve Components generated FY26 revenue from operations of Rs 96.81 cr, up 19.5% YoY, with profit after tax of Rs 8.56 cr. Revenue is split roughly 75-78% domestic and 26% exports, with the export book spread across 14 countries and including a new German customer running around $1M annualised plus a bulk order from a Saudi Arabia customer. Production runs on CNC, HMC and VMC machines — about 10 new ones were added in FY26 including 5-axis multitasking machines — and raw material is sourced domestically, with price increases passed through to customers. Raw materials are the biggest cost at 62.3% of revenue, followed by employees at 17.6% and other operating expenses at 6.7%. Capacity utilisation is around 75-80% of an existing facility run-rate ceiling of Rs 140-150 cr, with Plant 3 holding 30-35% unused space for further expansion. FY27 capex is guided at Rs 2-3 cr, and the order book stands at 20-22% of FY26 revenue, executed in 6-10 weeks. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Domestic valve components, Export valve components (26%). Small-cap, asset-heavy CNC machining of valve components for industrial end-markets
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 82 | 81 | 97 |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | — | — | — |
| EPS, as reported (₹) | 10.20 | 7.97 | 10.49 |
| ROE % · ROCE % | — · 21.8 | — · 16.2 | — · 19.3 |
| Debt / equity (x) | — | — | — |
| Cash from operations | (5) | 21 | 19 |
| Capex | — | (11) | (18) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 45 | 37 | 44 | 41 | 55 |
| Profit before tax | 6 | 3 | 6 | 5 | 7 |
| Net profit | — | — | — | — | — |
| EPS (₹) | 5.35 | 2.70 | 5.27 | 4.13 | 6.36 |
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 | 46,786 | 97.2 | 24.93 | 80.7 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 29,194 | 78.7 | 9.52 | 50.8 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 27,680 | 50.5 | 6.20 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 22,459 | 64.9 | 4.72 | 31.9 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 21,078 | 65.5 | 10.53 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 17,356 | 99.3 | 6.05 | 56.2 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,374 | 469.7 | 3.93 | 40.0 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,314 | 48.4 | 7.32 | 50.2 | 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) | 6.9 | 26.5 | 16 of 130 | 88% |
| ROCE | 17.2 | 11.3 | 41 of 142 | 72% |
| Revenue growth | 22.4 | 20.6 | 52 of 114 | 55% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board to approve September 2026 half-year results on 3 November | results | low | — | — |
| 17 Oct 2026 · RTA confirms no rematerialisation requests in Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · AGM 2026: Both resolutions passed with over 99.9% approval | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Shri Balaji Valve Components holds 15th AGM on September 29, 2026 | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 15th AGM held on 29 Sep 2026; financials adopted, director reappointed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closed Ahead of H1 FY27 Results | compliance | minimal | — | — |
| 6 Sept 2026 · AGM notice published in newspapers, meeting set for September 29, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · SBVCL files FY26 Annual Report; 15th AGM on Sep 29, 2026 | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Book Closure for 15th AGM from 22 to 29 September 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Shri Balaji Valve Components 15th AGM on 29 Sep 2026 via video conferencing | board shareholder meetings | low | — | — |
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.