Thaai Casting Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹308 Cr
- P/E
- 23.52
- ROE
- 13.44%
- Price to sales
- 2.10
- Debt to equity
- 1.11
- 52W high / low
- ₹143 / ₹75.5
- EBITDA margin
- 25.55%
- Net profit margin
- 9.28%
- Promoter holding
- 60.41%
- Sales (last year)
- ₹146 Cr
Incorporated in 2011, Thaai Casting is an automotive ancillary / precision engineering company specialising in High Pressure Die Casting, precision machining, induction hardening, gas nitriding, gear shaping and Non-Ferrous Materials, Gear Shaping and Heavy Machining, enabling it to deliver end-to-end solutions for diverse industrial needs.[1]
Guidance scorecard · Q4 FY26 call
What Thaai Casting Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ4 FY26 call
10–20%- Thaai Casting aims for long-term growth driven by scaling operational efficiencies and expanding product portfolio in high-value engineering segments like aerospace, defense, EV components, renewable energy, and windmill gearbox applications.
- The company secured significant new domestic orders worth approximately ₹126.53 crore to be executed over next 60 months, with fresh orders of around ₹76.6 crore in FY26, indicating strong growth visibility.
- Capacity enhancement initiatives include adding three more nitrating furnaces to existing three, increasing production capability and supporting higher revenues.
- Plans to ramp up gas nitriding and induction hardening revenues which were around ₹10 crore annually, with expected scale-up due to expanded infrastructure and technology investments.
2 more points from Thaai Casting Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Thaai Casting Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Thaai Casting undertook aggressive capacity enhancement initiatives in FY26, increasing Fixed Assets including Capital Work-in-Progress by approximately 73% YoY to ₹178.53 crore.
- Investments focused on advanced CNC and VMC machining systems, robotic automation initiatives, and backward integration strategies to improve productivity, quality, and operational efficiency.
- Recently added heavy machining and gear shaping capabilities, including installation of large machines and three gas nitriding furnaces with orders for three more furnaces in the pipeline.
- Participated in EUROGUSS 2026 to expand global presence and support export ambitions.
- Raised approximately ₹3.49 crore via preferential allotment to support future expansion, technology upgrades, automation, and strategic growth.
- Planned ramp-up in wind segment expected to commercialize by FY26-27.
2 more points from Thaai Casting Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Thaai Casting Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- As of the call, the current order book stands at approximately ₹800 crore.
- This order book excludes gas nitriding orders but includes other verticals.
- The company is awaiting tentative schedules for the Brazil project following trial samples delivery.
- Due to technical issues, some order/project details were deferred for later investor meetings.
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 Auto Components
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
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Thaai Casting Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Thaai Casting Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Thaai Casting Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 10m | Mar 2025 | TTM | |
|---|---|---|---|
| Sales + | 71 | 122 | 131 |
| Expenses + | 51 | 92 | 99 |
| Operating Profit | 20 | 30 | 32 |
| OPM % | 28% | 25% | 25% |
| Other Income + | 0 | 1 | 0 |
| Interest | 3 | 7 | 8 |
| Depreciation | 2 | 7 | 9 |
| Profit before tax | 14 | 17 | 16 |
| Tax % | 26% | 29% | |
| Net Profit + | 11 | 12 | 13 |
| EPS in Rs | 4.61 | 5.23 | 5.00 |
| Dividend Payout % | 0% | 0% |
Financials of Thaai Casting Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 23 | 23 | 24 |
| Reserves | 49 | 60 | 81 |
| Borrowings + | 46 | 90 | 117 |
| Other Liabilities + | 19 | 30 | 27 |
| Total Liabilities | 137 | 204 | 250 |
| Fixed Assets + | 61 | 93 | 95 |
| CWIP | 4 | 11 | 34 |
| Investments | 0 | 0 | 0 |
| Other Assets + | 71 | 100 | 120 |
| Total Assets | 137 | 204 | 250 |
Financials of Thaai Casting Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Cash from Operating Activity + | -25 | 1 |
| Cash from Investing Activity + | -68 | -50 |
| Cash from Financing Activity + | 104 | 39 |
| Net Cash Flow | 11 | -10 |
| Free Cash Flow | -93 | -44 |
| CFO/OP | -118% | 16% |
Financials of Thaai Casting Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 61 | 73 |
| Inventory Days | 268 | 247 |
| Days Payable | 115 | 105 |
| Cash Conversion Cycle | 215 | 216 |
| Working Capital Days | 91 | 70 |
| ROCE % | 16% |
Guidance history
How Thaai Casting Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 10–20% | Flat | None planned | Planned | — |
| Q4 FY25 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q2 FY25 call → | 10–20% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Thaai Casting Ltd's management said in earlier quarters
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