Technocraft Industries (India) Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹5,859 Cr
- P/E
- 17.25
- ROE
- 15.30%
- PEG
- 5.84
- Price to sales
- 2.00
- Debt to equity
- 0.41
- 52W high / low
- ₹3,455 / ₹1,907
- Sales growth (5Y)
- 16.34%
- EBITDA margin
- 18.21%
- Net profit margin
- 10.81%
- Promoter holding
- 74.75%
- Sales (last year)
- ₹2,931 Cr
Technocraft Industries was incorporated in 1992. It has presence in five main business industries viz., Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Engineering Services. Company has manufacturing facilities in India and China.[1]
Guidance scorecard · Q1 FY27 call
What Technocraft Industries (India) Ltd's management guided
and where it ranks in Industrial Products
RevenueQ1 FY27 call
10–20%- Engineering and Design segment shows consistent growth driven by strong US demand, especially due to manufacturing automation and new plant expansions; outlook remains positive.
- Drum Closure segment expects to sustain similar volume levels in the near term; strong demand but volatility may impact long-term projections.
- Scaffolding segment demand is strong, particularly in the US; current capacity utilization at 95% with plans to add capacity within 3 months if needed; volumes expected to be maintained or improved over next 2 quarters.
- Formwork segment has relatively flat volumes with slight increases; order book typically spans 3-5 months.
- Mach One's demand environment is strong with ongoing capacity expansions planned to support volume growth.
2 more points from Technocraft Industries (India) Ltd's call on revenue
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MarginsQ1 FY27 call
See what Technocraft Industries (India) Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- No significant new CAPEX planned for the current year; only regular maintenance CAPEX across divisions.
- Last major CAPEX completed in FY 24-25 with the CSN plant, which is now fully operational.
- Planned Phase 2 commissioning next year at the CSN plant, adding capacity to the Extrusion plant and forward integration.
- Aurangabad plant expansion ongoing; Phase 2 capacity expansion expected next year.
2 more points from Technocraft Industries (India) Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Technocraft Industries (India) Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Several orders are in the pipeline with ongoing discussions but not yet confirmed.
- Formwork segment has an order book covering 3-5 months of execution.
- Drum Closure and Scaffolding segments are largely order-to-order sales without a firm order book.
- This reflects the company's current confirmed orders and ongoing business discussions as of Q1 FY27.
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
Potential multibaggers in Industrial Products
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.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Technocraft Industries (India) Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Technocraft Industries (India) Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 489 | 480 | 557 | 520 | 513 | 593 | 620 | 629 | 644 | 702 | 633 | 752 | 662 |
| Expenses + | 378 | 393 | 426 | 418 | 431 | 508 | 504 | 532 | 552 | 592 | 521 | 628 | 570 |
| Operating Profit | 111 | 88 | 130 | 102 | 82 | 84 | 116 | 97 | 92 | 110 | 112 | 124 | 93 |
| OPM % | 23% | 18% | 23% | 20% | 16% | 14% | 19% | 15% | 14% | 16% | 18% | 16% | 14% |
| Other Income + | 28 | 6 | 14 | 17 | 25 | 24 | 30 | 35 | 6 | 29 | 39 | 21 | 28 |
| Interest | 8 | 7 | 11 | 10 | 9 | 9 | 11 | 14 | 12 | 18 | 14 | 14 | 15 |
| Depreciation | 15 | 18 | 16 | 17 | 17 | 18 | 24 | 25 | 29 | 30 | 29 | 30 | 32 |
| Profit before tax | 115 | 68 | 118 | 92 | 81 | 81 | 111 | 93 | 58 | 92 | 108 | 101 | 74 |
| Tax % | 24% | 26% | 23% | 24% | 24% | 29% | 24% | 23% | 28% | 27% | 23% | 22% | 27% |
| Net Profit + | 87 | 50 | 91 | 70 | 61 | 57 | 84 | 71 | 41 | 66 | 82 | 79 | 54 |
| EPS in Rs | 34.21 | 21.43 | 37.05 | 28.73 | 25.39 | 23.90 | 35.04 | 30.50 | 17.91 | 29.10 | 35.02 | 33.80 | 23.46 |
Financials of Technocraft Industries (India) Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,040 | 1,029 | 921 | 936 | 1,184 | 1,313 | 1,352 | 1,295 | 1,911 | 1,985 | 2,182 | 2,596 | 2,750 |
| Expenses + | 905 | 894 | 770 | 790 | 1,010 | 1,116 | 1,148 | 1,092 | 1,519 | 1,581 | 1,783 | 2,180 | 2,311 |
| Operating Profit | 135 | 135 | 151 | 146 | 175 | 198 | 204 | 203 | 392 | 403 | 399 | 416 | 439 |
| OPM % | 13% | 13% | 16% | 16% | 15% | 15% | 15% | 16% | 21% | 20% | 18% | 16% | 16% |
| Other Income + | 27 | 15 | 32 | 41 | 47 | 37 | 45 | 68 | 52 | 54 | 80 | 100 | 117 |
| Interest | 5 | 9 | 10 | 19 | 23 | 32 | 37 | 29 | 21 | 28 | 40 | 55 | 61 |
| Depreciation | 27 | 32 | 26 | 24 | 29 | 38 | 52 | 68 | 63 | 64 | 68 | 108 | 120 |
| Profit before tax | 130 | 109 | 147 | 144 | 170 | 164 | 159 | 175 | 360 | 366 | 372 | 353 | 374 |
| Tax % | 31% | 31% | 32% | 30% | 29% | 27% | 21% | 23% | 24% | 24% | 25% | 26% | |
| Net Profit + | 90 | 75 | 100 | 101 | 120 | 119 | 126 | 134 | 274 | 278 | 279 | 263 | 282 |
| EPS in Rs | 28.43 | 23.85 | 38.17 | 39.14 | 48.84 | 47.73 | 50.18 | 53.19 | 109.31 | 116.32 | 115.06 | 112.99 | 121.38 |
| Dividend Payout % | 18% | 21% | 8% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 18% |
Financials of Technocraft Industries (India) Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32 | 32 | 26 | 26 | 24 | 24 | 24 | 24 | 24 | 23 | 23 | 23 | 23 |
| Reserves | 537 | 589 | 555 | 663 | 684 | 803 | 920 | 1,048 | 1,312 | 1,393 | 1,652 | 1,750 | 1,861 |
| Borrowings + | 159 | 222 | 334 | 345 | 514 | 642 | 658 | 467 | 506 | 656 | 675 | 846 | 823 |
| Other Liabilities + | 149 | 147 | 91 | 120 | 164 | 157 | 214 | 237 | 268 | 292 | 342 | 378 | 382 |
| Total Liabilities | 876 | 991 | 1,006 | 1,154 | 1,387 | 1,626 | 1,816 | 1,776 | 2,111 | 2,364 | 2,692 | 2,996 | 3,089 |
| Fixed Assets + | 150 | 158 | 163 | 203 | 245 | 319 | 480 | 424 | 420 | 438 | 738 | 855 | 863 |
| CWIP | 0 | 4 | 12 | 17 | 53 | 54 | 20 | 12 | 17 | 40 | 14 | 33 | 33 |
| Investments | 146 | 196 | 268 | 279 | 237 | 263 | 271 | 334 | 420 | 331 | 410 | 435 | 462 |
| Other Assets + | 580 | 633 | 563 | 655 | 851 | 989 | 1,044 | 1,005 | 1,253 | 1,555 | 1,531 | 1,673 | 1,731 |
| Total Assets | 876 | 991 | 1,006 | 1,154 | 1,387 | 1,626 | 1,816 | 1,776 | 2,111 | 2,364 | 2,692 | 2,996 | 3,089 |
Financials of Technocraft Industries (India) Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 35 | 64 | 145 | 54 | -27 | 26 | 201 | 258 | 108 | 136 | 308 | 276 |
| Cash from Investing Activity + | -50 | -91 | -42 | -49 | -41 | -117 | -165 | -30 | -132 | 22 | -338 | -185 |
| Cash from Financing Activity + | 19 | 39 | -67 | -7 | 53 | 98 | -25 | -215 | 20 | -61 | -21 | -45 |
| Net Cash Flow | 3 | 13 | 35 | -2 | -14 | 8 | 12 | 13 | -4 | 97 | -52 | 47 |
| Free Cash Flow | 18 | 18 | 100 | 3 | -133 | -81 | 29 | 245 | 56 | 43 | 6 | 75 |
| CFO/OP | 60% | 81% | 119% | 64% | 6% | 40% | 116% | 141% | 48% | 57% | 100% | 86% |
Financials of Technocraft Industries (India) Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 98 | 86 | 72 | 74 | 85 | 91 | 92 | 97 | 87 | 77 | 76 | 76 |
| Inventory Days | 108 | 148 | 187 | 298 | 259 | 291 | 357 | 316 | 249 | 371 | 271 | 228 |
| Days Payable | 42 | 45 | 14 | 39 | 36 | 27 | 45 | 77 | 64 | 68 | 35 | 35 |
| Cash Conversion Cycle | 164 | 190 | 244 | 334 | 308 | 354 | 404 | 337 | 272 | 380 | 312 | 269 |
| Working Capital Days | 78 | 70 | 37 | 60 | 54 | 55 | 70 | 98 | 88 | 84 | 93 | 75 |
| ROCE % | 18% | 15% | 18% | 17% | 17% | 15% | 13% | 12% | 22% | 20% | 19% | 16% |
Guidance history
How Technocraft Industries (India) Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | — | Planned | None planned | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Flat |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
32 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +4.9% | 66% |
| Last 6 months | +4.0% | 61% |
| Last 3 months | +0.1% | 67% |
The price is 32.2% below its all-time high of ₹3,810.5 (23 Aug 2024). Stocks more than 20% below their peak have their score halved, so 64 became 32.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Technocraft Industries (India) Ltd: 0.4 × 66 + 0.4 × 61 + 0.2 × 67 = 64, halved to 32 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Technocraft Industries (India) Ltd's management said in earlier quarters
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