Swastika Castal Limited

Manufactures aluminium castings at its Vadodara, Gujarat facility, supplying components used in electrical equipment, power infrastructure and related industrial applications. FY26 total income was ₹36.19 crores, up 19.5% year-on-year, with growth described as volume-driven rather than price-driven. The customer base is concentrated among global electrical OEMs such as Hitachi, ABB, Siemens, GE and Toshiba, with whom management cites order visibility extending to 5+ years; export clients added in FY26 include QAG (Australia) and Trench (Europe), and the revenue mix is 59% domestic and 41% export. An order book of ₹20+ crores was disclosed, and the company is operating at roughly 57% capacity utilisation. Expansion capex was fully commissioned in March 2026, with further capacity additions planned by end of FY27; the company has also begun participating in defence and government tenders via the GeM portal and is targeting railways. The largest input cost is raw materials at 52.5% of revenue, followed by other operating expenses at 30.7% and employee cost at 5.5%; FY26 EBITDA was ₹6.22 crores.