BSE: 544001
Sunita Tools Limited
Manufactures mould bases and CNC-machined engineering components, with a 40-year track record, and is pivoting into defence supplies. The legacy mould base and CNC machining business serves automotive, aerospace, pharma and defence customers; in Q1 FY27 consolidated net sales reached Rs 18.64 crore, up 350% year-on-year, supported by the addition of two new large-size precision machines from COSMOS Machines India. The newer defence line makes NATO-spec and standard 155mm M107 artillery shells, with Line 1 ready at an annual capacity of 1.2 lakh units and an active purchase order for 2,40,000 shells at 10,000 per month over 24 months, billing roughly INR 24 crore per month. Through wholly-owned US subsidiary Sunita Defence Inc (offices in Wyoming and Chicago), it has acquired a 51% stake in Kentucky-based New Mold Innovations LLC, which has capacity for 47 lakh grease cartridges selling at USD 3.2 each, and has signed an MoU with a Polish defence manufacturer covering ISR drones, loitering ammunition and smart flying ammunition. Costs are dominated by capex at 73.4% of FY26 revenue, reflecting the build-out, with employee costs at 8.1% and other operating expenses at 7.7%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Legacy mould base and CNC machining, Defence manufacturing, US specialty grease and moulds (via Sunita Defence Inc and NMI). Capital-intensive industrial manufacturer with a 40-year legacy in mould bases and CNC machining, pivoting into defence and US aerospace manufacturing.
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 30 | 47 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 8.58 | 0.00 |
| ROE % · ROCE % | — · 15.4 | — · 10.7 |
| Debt / equity (x) | — | — |
| Cash from operations | (8) | (4) |
| Capex | (5) | (35) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 15 | 16 | 32 |
| Profit before tax | 3 | 3 | 5 |
| Net profit | — | — | — |
| EPS (₹) | 2.86 | 4.71 | 0.00 |
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) | 144.9 | 26.5 | 119 of 130 | 9% |
| ROCE | 9.7 | 11.3 | 82 of 142 | 43% |
| Market cap | 670 | 279 | 49 of 141 | 66% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Sunita Tools to form 50:50 defence joint venture in Bulgaria | strategic transactions | medium | — | — |
| 10 Oct 2026 · Compliance certificate for Q2 FY27 dematerialization filings | compliance | minimal | — | — |
| 30 Sept 2026 · Sunita Tools re-appoints Satish Kumar Pandey as Managing Director for five years | management changes | high | — | — |
| 30 Sept 2026 · Board re-appoints MD, approves remuneration for Whole Time Directors | management changes | high | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 till H1 FY26 results are announced | compliance | minimal | — | — |
| 17 Sept 2026 · Advance payment received for NATO-spec artillery shells defence order | business updates | high | — | — |
| 9 Sept 2026 · Sunita Tools 39th AGM: all 4 resolutions passed with 99.99% approval | compliance | minimal | — | — |
| 8 Sept 2026 · 39th AGM of Sunita Tools Limited held on September 8 2026 via video conferencing | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Sunita Tools adds 2 CNC machines, acquires 90 percent in capital goods co, order book at Rs 576 Cr | strategic transactions | high | — | — |
| 25 Aug 2026 · Sunita Tools signs 5-year MoU with 135-year-old defence OEM for artillery shells | strategic transactions | medium | — | — |
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.