Manufactures integrated process equipment — customised engineered systems and machinery — for industrial customers in paint, inks, pharmaceuticals, cosmetics, food processing, agrochemicals and defence. FY26 revenue was ₹145.28 crore, with order book of ₹60-70 crore and exports contributing 7.1% of revenue. Defence is a newer vertical: DRDO/HEMRL approval has been secured and a trial machine has been sold; rocket-fuel nano-dispersion and solid-state battery R&D are in progress. A Pune mega facility is being set up with Germany's LexaMix, requiring about ₹40 crore of capex and targeting ₹180 crore-plus revenue in FY27. The Sonipat facility ran at 89% utilisation in H2 FY26, with additional land identified for expansion. Materials account for 65.2% of revenue, making raw materials the dominant cost, while employee cost is just 3.3% and capex intensity is low at 1.8% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Paint process equipment, Inks process equipment, Pharmaceutical process equipment, Cosmetics process equipment, Food processing equipment, Agrochemicals process equipment, Defence equipment, Exports. Customised process-equipment manufacturer serving multiple industrial verticals; capex-light at 1.8% of revenue; growing defence and export mix.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 145 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 16.44 |
| ROE % · ROCE % | — · 36.0 |
| Debt / equity (x) | — |
| Cash from operations | 3 |
| Capex | (3) |
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 95 |
| Profit before tax | 21 |
| Net profit | — |
| EPS (₹) | 10.66 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 45,150 | 93.8 | 24.06 | 77.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,717 | 82.8 | 10.02 | 53.5 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 30,536 | 55.7 | 6.84 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 23,496 | 67.9 | 4.93 | 33.3 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 22,490 | 69.9 | 11.24 | 39.7 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 19,058 | 109.1 | 6.65 | 61.8 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 12,982 | 455.9 | 3.81 | 38.8 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,285 | 48.3 | 7.30 | 50.1 | 11.7 | 11.5 | — | 15.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Tipco Engineering files 5th Annual Report for FY 2025-26 | results | medium | — | — |
| 1 Sept 2026 · Acquired industrial land in Satara for Rs 7.15 crore | capex operations | low | — | — |
| 1 Sept 2026 · AGM notice published in newspapers; 5th AGM on September 22, 2026 | compliance | minimal | — | — |
| 31 Aug 2026 · AGM on Sep 22: auditor change and pay hike for top directors proposed | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Board approves annual report, auditor appointment, director pay hike | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Newspaper notice published for Tipco Engineering 1st EGM on September 17, 2026 | compliance | minimal | — | — |
| 26 Aug 2026 · EGM to seek approval for Rs 117.33 crore share and warrant issue | corporate actions | medium | — | — |
| 26 Aug 2026 · Board approves preferential issue worth about Rs 117 cr, new auditor appointed | management changes | medium | — | — |
| 25 Aug 2026 · Board approves preferential issue of shares and warrants worth Rs 117 crore | corporate actions | medium | — | — |
| 24 Aug 2026 · Non-promoter Rajasthan Global Securities cuts 2.63 percent stake in Tipco Engineering | ownership changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.1 | 26.9 | 66 of 138 | 53% |
| ROCE | 30.6 | 11.3 | 10 of 144 | 94% |
| Market cap | 577 | 356 | 57 of 140 | 60% |
| 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 |
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.
