What’s new

• Standalone revenue up 14% to ₹36.86 crore in FY26.
• Net profit nearly flat at ₹3.21 crore vs ₹3.10 crore.
• IPO of ₹14.6 crore listed on BSE SME in May 2026.

Why it matters

For a nano-cap recently listed, flat earnings suggest limited near-term catalyst. Revenue growth hasn't translated into profit improvement, and with a P/E of 18.4 on trailing earnings, the valuation offers no margin of safety from earnings surprises.

What we’re watching

• Whether the company can convert revenue growth into profit in coming quarters.
• Any update on order book or margin improvement.
• First-quarter post-listing performance (Q1 FY27) for early signals.

The full read

Autofurnish's first annual results as a listed company show a familiar pattern for nano-caps: revenue growth without profit expansion. Standalone revenue rose 14% to ₹36.86 crore in FY26, but net profit was virtually flat at ₹3.21 crore versus ₹3.10 crore in FY25. The consolidated picture mirrors this: revenue up 18% to ₹39.01 crore, net profit inching to ₹3.63 crore from ₹3.55 crore. Earnings per share slipped to ₹3.22 from ₹3.45. The company completed a ₹14.6 crore IPO on the BSE SME platform in late May, after the reporting period. Auditors gave a clean report. For a ₹64 crore market-cap company trading at 18.4x trailing earnings, these results offer no fresh catalyst. The question now is whether upcoming quarters show the profit growth that FY26 didn't.

Primary source: BSE · NSE