Admach Systems Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹304 Cr
- P/E
- 30.36
- ROE
- 21.64%
- PEG
- 0.10
- Price to sales
- 4.41
- Debt to equity
- 0.00
- 52W high / low
- ₹520 / ₹180
- EBITDA margin
- 18.53%
- Net profit margin
- 14.53%
- Promoter holding
- 52.95%
- Sales (last year)
- ₹69 Cr
Guidance scorecard · Q4 FY26 call
What Admach Systems's management guided
RevenueQ4 FY26 call
20–40%- The company expects to easily surpass INR 100 crores in revenue this fiscal year, continuing past growth trends (from INR 19 crores to INR 53 crores, then INR 70 crores).
- Current facility can cater up to INR 200 crores in revenue; expansions planned with available land for Units 2 and 3.
- Order book stands at around INR 64-65 crores, with additional offers exceeding INR 200 crores and a conversion rate of 60%-65%.
- Company aims to reach around INR 200 crores revenue by FY28.
- Growth potential is significant given diversification into steel, defense, nuclear, packaging, and special equipment sectors.
2 more points from Admach Systems's call on revenue
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MarginsQ4 FY26 call
Up 2%+See what Admach Systems said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Current capex includes purchasing and installing CNC machines (laser cutting, press brake, automatic tapping). Most machines are commissioned; a few are awaited, expected by July.
- The new machines are processing machines for manufacturing parts used across sectors (steel, nuclear, etc.), enhancing in-house manufacturing and reducing outsourcing from 70% to 30%.
- Capex aims to improve margins by 200-300 basis points through cost savings and operational efficiency.
- No immediate large-scale capex planned; future investments will depend on specific projects that increase margins or reduce overhead.
2 more points from Admach Systems's call on capex
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FundraisingQ4 FY26 call
See what Admach Systems said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current order book is approximately INR 64-65 crores, expected to complete by end of September or mid-October 2026.
- Offers submitted to customers exceed INR 200 crores, with a conversion rate of around 60%-65%.
- Expectation of booking inflows mostly by first half of FY27.
- Peak revenue capacity with existing facility is INR 200 crores.
- Larger new orders anticipated in upcoming months, though specific details remain confidential.
- Defense, nuclear, steel, and packaging sectors contribute to the order book, with defense being a fast-growing segment.
- Multiple projects in progress simultaneously (20-25), some in design, manufacturing, testing, and packing stages.
2 more points from Admach Systems's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of Admach Systems
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Admach Systems
Quarterly Results
Quarter-by-quarter operating performance
Financials of Admach Systems
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 14 | 13 | 20 | 53 | 69 |
| Expenses + | 14 | 12 | 13 | 43 | 56 |
| Operating Profit | 1 | 1 | 6 | 10 | 13 |
| OPM % | 4% | 8% | 32% | 19% | 19% |
| Other Income + | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 1 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 0 | 4 | 8 | 12 |
| Tax % | 31% | -11% | 25% | 25% | 17% |
| Net Profit + | 0 | 0 | 3 | 6 | 10 |
| EPS in Rs | 10.09 | 1.00 | 16.75 | 12.22 | 14.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Admach Systems
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.21 | 1 | 2 | 5 | 7 |
| Reserves | 2 | 1 | 4 | 17 | 64 |
| Borrowings + | 2 | 8 | 16 | 11 | 0 |
| Other Liabilities + | 9 | 9 | 14 | 23 | 21 |
| Total Liabilities | 13 | 20 | 36 | 56 | 91 |
| Fixed Assets + | 1 | 1 | 1 | 4 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 12 | 19 | 35 | 51 | 75 |
| Total Assets | 13 | 20 | 36 | 56 | 91 |
Financials of Admach Systems
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -1 | -2 | -8 | 0 | -5 |
| Cash from Investing Activity + | 0 | -4 | 3 | -3 | -19 |
| Cash from Financing Activity + | 1 | 6 | 5 | 4 | 27 |
| Net Cash Flow | -0 | -0 | -0 | 1 | 3 |
| Free Cash Flow | -1 | -3 | -8 | -3 | -23 |
| CFO/OP | -170% | -216% | -126% | 15% | -18% |
Financials of Admach Systems
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 36 | 55 | 89 | 126 | 166 |
| Inventory Days | 342 | 538 | 1,942 | 319 | 215 |
| Days Payable | 258 | 163 | 771 | 190 | 59 |
| Cash Conversion Cycle | 120 | 430 | 1,260 | 255 | 322 |
| Working Capital Days | 26 | 45 | 111 | 111 | 231 |
| ROCE % | 13% | 39% | 36% | 25% |
Guidance history
How Admach Systems's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Up 2%+ | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Up 2%+ | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.