TIPCO Engineering India Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹516 Cr
- P/E
- 20.39
- ROE
- 38.00%
- PEG
- 0.17
- Price to sales
- 3.55
- Debt to equity
- 0.41
- 52W high / low
- ₹337 / ₹76.5
- EBITDA margin
- 26.23%
- Net profit margin
- 17.42%
- Promoter holding
- 57.79%
- Sales (last year)
- ₹145 Cr
Incorporated in September, 2021, Tipco Engineering is engaged inmanufacturing and supplying industrial machinery for various industries.[1]
Guidance scorecard · Q4 FY26 call
What TIPCO Engineering's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ4 FY26 call
10–20%- Management is confident in sustaining strong growth over the next 3-5 years, driven by India entering a long industrial capex super cycle.
- Revenue for FY ‘26 stood at INR146 crores (up ~10% YoY), with estimates to reach INR180 crores+, driven by capacity expansions including Pune facility.
- Pune expansion, partly operational in FY 26 (~25% capacity) and expected to reach full capacity in 2 years, will enable entry into new verticals like cosmetics, adhesives, and personal care.
- Export business growth is expected to continue, with focus on Gulf, African countries, and Europe via strategic partnerships.
- Defence vertical and high-value engineering projects offer strong potential upside, leveraging R&D for specialized processes.
2 more points from TIPCO Engineering's call on revenue
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MarginsQ4 FY26 call
Up 2%+See what TIPCO Engineering said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Tipco Engineering is undertaking a significant Pune facility expansion with a total capex of around INR 60 crores (land, building, machinery).
- Pune plant will be a unit under the existing company, not a separate entity.
- The Pune facility aims to cover southern and western Indian markets and focus on new verticals like cosmetics, adhesives, and personal care in collaboration with European partner LexaMix.
- Pune plant to be partially operational with 25% capacity this financial year and ramping up to 100% capacity in about two years.
- Around INR 40 crores is specifically allocated for Pune facility (land, building, machinery) and INR 20 crores for existing facility upgrades.
2 more points from TIPCO Engineering's call on capex
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FundraisingQ4 FY26 call
PlannedSee what TIPCO Engineering said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- The current total order book is approximately between INR 60 crores to INR 70 crores.
- Orders vary in size: smaller orders have execution timelines of 30 to 45 days, while bigger orders take around 3 to 6 months to execute.
- The company is working on a large project with a big cement company in Uttar Pradesh, though the client name is undisclosed.
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 Manufacturing
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 Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,185 Cr | 109.0 | |
| 2 | 40%+ | Up 0–2% | ₹486 Cr | 29.9 | |
| 3 | 40%+ | Flat | ₹7,897 Cr | 92.3 | |
| 4 | 40%+ | Flat | ₹3,421 Cr | 74.4 | |
| 5 | 40%+ | Flat | ₹2,461 Cr | 58.4 | |
| 6 | 40%+ | Flat | ₹681 Cr | 40.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingFinancials of TIPCO Engineering
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of TIPCO Engineering
Quarterly Results
Quarter-by-quarter operating performance
Financials of TIPCO Engineering
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 0 | 36 | 101 | 133 | 145 |
| Expenses + | 0 | 32 | 89 | 109 | 107 |
| Operating Profit | 0 | 3 | 12 | 24 | 38 |
| OPM % | 10% | 12% | 18% | 26% | |
| Other Income + | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 2 | 5 | 6 |
| Depreciation | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 0 | 3 | 10 | 19 | 33 |
| Tax % | 17% | 18% | 17% | 22% | |
| Net Profit + | 0 | 3 | 8 | 16 | 25 |
| EPS in Rs | 0.00 | 2,560.00 | 5,329.11 | 9,064.33 | 12.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of TIPCO Engineering
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.02 | 0.02 | 21 |
| Reserves | 0 | 3 | 12 | 33 | 80 |
| Borrowings + | 0 | 8 | 26 | 37 | 41 |
| Other Liabilities + | 0 | 17 | 28 | 31 | 45 |
| Total Liabilities | 0 | 28 | 66 | 101 | 186 |
| Fixed Assets + | 0 | 0 | 2 | 32 | 13 |
| CWIP | 0 | 0 | 1 | 2 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 0 | 27 | 62 | 67 | 168 |
| Total Assets | 0 | 28 | 66 | 101 | 186 |
Financials of TIPCO Engineering
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -7 | -10 | 16 | ||
| Cash from Investing Activity + | -1 | -3 | -31 | ||
| Cash from Financing Activity + | 8 | 17 | 12 | ||
| Net Cash Flow | 0 | 4 | -3 | ||
| Free Cash Flow | -8 | -13 | -15 | ||
| CFO/OP | -196% | -72% | 74% |
Financials of TIPCO Engineering
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 106 | 92 | 72 | 169 | |
| Inventory Days | 87 | 54 | 111 | 84 | |
| Days Payable | 149 | 98 | 41 | 44 | |
| Cash Conversion Cycle | 44 | 48 | 142 | 210 | |
| Working Capital Days | 57 | 65 | 47 | 57 | |
| ROCE % | 61% | 48% | 43% | 36% |
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What TIPCO Engineering's management said in earlier quarters
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