SIGMA ADVANCED SYSTEM LTD

Manufactures high-precision aerospace and defence components for global customers, with 85% of revenue coming from international markets. The aerospace arm, built around UK subsidiaries Nasmyth Group and the recently acquired Bromford Precision Solutions, supplies aeroengine rings and precision parts to OEMs including Rolls-Royce and Siemens. The defence arm makes munitions; in July 2026 it secured a USD 104.9 million (about INR 1,013 crore) export order for 147,000 units of 155mm base bleed artillery shell bodies from a North American customer, to be delivered over 6 to 12 months. The orderbook is 90% defence and 10% commercial, with long-term contracts running up to 8 years. Manufacturing is being shifted from the UK to a new Sri City facility in India to expand margins. FY26 revenue stood at Rs 491.88 crore with net profit of Rs 268.04 crore; materials at 43% of revenue and employee costs at 29.4% are the largest operating costs.