Overview

Detailed Summary

Technocraft Industries (India) Ltd. is a diversified industrial manufacturer and exporter operating global businesses in Drum Closures, Scaffolding & Aluminium Formwork (Mach One), Textiles (yarn, fabric, garments) and Engineering & Designing Services (Technosoft), with manufacturing in India and China and distribution offices across the USA, Europe and other markets, exporting to 80+ countries.
Q3 FY26 consolidated results showed Total Revenue of ₹69,053 lakh (≈₹690.5 crore) and EBITDA of ₹12,100 lakh (≈₹121.0 crore), producing an EBITDA margin of 18% and PBT of ₹7,369 lakh; year‑on‑year revenue growth was modest while segment profitability was mixed — drum closures remained high margin while scaffolding saw volume‑driven margin compression.
Operationally the company is pursuing backward integration and automation: Aurangabad extrusion and formwork plants, robotic welding and in‑house ingot manufacturing underpin lower input dependence and faster turnaround, while rooftop solar and process automation aim to improve reliability and reduce operating cost per unit across engineering and fabrication lines.
The formwork / Mach One vertical has a large executable backlog and is scaling: management cites an order book of ~350k–400k sqm, monthly booking rates near 100k sqm, and plans to expand Mach One capacity to 100k sqm/month with incremental revenue potential and phased capex for additional extrusion lines toward FY27–FY29.
Principal near‑term risks include volatile trade/tariff regimes (US Section 232 interpretation remains ambiguous), inventory build in scaffolding due to shipment timing and site delays, and domestic pricing competition for aluminium formwork; management expects tariffs easing to improve margins but cautions geopolitical uncertainty could reintroduce volatility.

Sector: Industrial Products
Industry: Iron & Steel Products
Market Cap: 6,035 Cr
Volatility: Moderate Risk
P/E Ratio: 21.1
Industry P/E: 37.8
PEG Ratio: 0.9
P/B Ratio: 2.9
52W High: 3,392.40
52W Low: 1,870.00

Sales CAGR

1Y: 18.97%
3Y: 7.85%
5Y: 12.10%
10Y: 11.68%

Profit CAGR

1Y: -5.83%
3Y: 3.27%
5Y: 19.64%
10Y: 11.42%

ROE

TTM: 14.11%
3Y: 15.85%
5Y: 15.99%
10Y: 15.62%

ROCE

TTM: 15.51%
3Y: 21.94%
5Y: 22.09%
10Y: 21.88%

Technicals

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Peers

Industrials Capital Goods Industrial Products Iron & Steel Products

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AEROFLEX		509.00	6,719 Cr	121.00	15.02	0.08	12.41	16.45	9.83
SUNFLAG		361.80	6,454 Cr	31.89	0.76	0.28	2.28	3.97	1.79
TIIL		2580.00	5,924 Cr	20.76	2.93	0.77	14.11	15.51	9.02
SURYAROSNI		262.20	5,798 Cr	20.29	2.20	1.88	10.85	14.98	8.06
ELECTCAST		83.13	5,018 Cr	31.09	0.85	1.11	3.20	4.97	1.71
BANSALWIRE		308.15	4,803 Cr	29.84	3.36	0.00	11.25	13.04	6.39
GOODLUCK		1482.55	4,719 Cr	26.11	3.16	0.21	12.12	13.46	5.99
Median: 7 Co.	—	361.80	5,798 Cr	29.84	2.93	0.28	11.25	13.46	6.39

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	513	593	620	629	644	702	633	752	662	712
Expenses	431	509	504	532	552	592	521	628	570	572
Operating Profit	82	84	116	97	92	110	112	124	93	139
OPM %	15.99	14.18	18.69	15.37	14.35	15.71	17.65	16.47	14.02	19.58
Other Income	26	24	30	35	6.22	29	39	21	28	14
Interest	9.07	9.46	11	14	12	18	14	14	15	15
Depreciation	17	18	24	25	29	30	29	30	32	33
Profit Before Tax	81	81	111	93	58	92	108	101	74	105
Tax %	24.25	28.83	24.44	23.36	28.33	27.41	23.46	21.83	26.95	26.25
Net Profit	62	57	84	71	41	66	82	79	54	78
EPS in Rs	25.71	24.19	35.49	30.16	18.03	29.09	35.02	33.80	23.46	33.56

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	944	1,188	1,313	1,352	1,295	1,911	1,985	2,182	2,596	2,608
Expenses	790	1,014	1,116	1,148	1,079	1,519	1,581	1,783	2,180	2,197
Operating Profit	154	174	197	204	215	392	403	398	415	411
OPM %	16.30	14.61	15.04	15.07	16.63	20.52	20.32	18.26	16.00	15.76
Other Income	41	52	37	42	68	52	50	81	101	109
Interest	19	23	32	37	29	21	28	40	55	58
Depreciation	24	29	38	52	68	63	64	68	108	112
Profit Before Tax	144	170	164	156	187	360	362	372	353	350
Tax %	29.66	29.38	27.46	21.08	21.66	23.75	24.11	24.83	25.56	25.27
Net Profit	101	120	119	123	147	275	275	280	263	261
EPS in Rs	—	—	51.50	54.15	57.39	117.93	116.81	116.53	112.77	125.84
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.81	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	26	26	24	24	24	24	24	23	23	23
Reserves	555	663	684	803	920	1,048	1,312	1,393	1,652	1,750
Borrowings	326	335	503	625	635	467	506	656	675	846
Other Liabilities	99	130	175	173	237	237	268	293	342	378
Total Liabilities	1,006	1,154	1,387	1,626	1,816	1,776	2,111	2,364	2,692	2,996
Fixed Assets	163	186	222	278	439	386	404	425	726	844
CWIP	12	17	53	54	20	12	17	40	14	33
Investments	268	295	261	304	312	373	437	344	422	445
Other Assets	563	655	851	989	1,044	1,005	1,253	1,555	1,531	1,673
Total Assets	1,006	1,154	1,387	1,626	1,816	1,776	2,111	2,364	2,692	2,996

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	145	54	-27	26	201	258	108	136	308	276
Cash from Investing Activity	-42	-49	-41	-117	-165	-30	-132	22	-338	-185
Cash from Financing Activity	-67	-7.48	53	98	-25	-215	20	-61	-21	-45
Net Cash Flow	35	-2.49	-14	7.94	12	13	-3.69	97	-52	47

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	74.61%	74.61%	74.61%	74.61%	74.61%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%
FIIs	0.60%	0.69%	0.65%	0.63%	0.70%	0.62%	0.46%	0.39%	0.48%	0.51%	0.43%	0.40%
DIIs	4.10%	4.17%	4.05%	3.97%	6.31%	6.85%	6.92%	7.02%	6.60%	6.97%	6.99%	6.85%
Public	20.69%	20.52%	20.69%	20.78%	18.38%	17.78%	17.88%	17.85%	18.17%	17.77%	17.83%	18.01%
Total Shareholders	12,693	12,919	13,185	13,783	14,416	74,905	66,319	60,163	56,049	52,071	49,559	47,364

Market Transactions

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY26

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Available on Pro Plan