Tipsheet
What matters at India’s listed companies
Archive / Small cap / Page 21

Small cap

Wed · 03 Jun
6
Earnings · Steel & Iron Products

Venus Pipes lands ₹185 cr data-center order, pushes capex to ₹200 cr

Management targets 18% EBITDA margins by FY28, betting integrated cooling spools fetch more than commodity pipes.

VENUSPIPES Small cap 1:07 PM
8
Industrial Gases & Fuels

BW LPG sells all 8.5% of Confidence Petroleum, ends partnership

The global LPG shipping major has fully exited its equity stake after recently dissolving its domestic joint venture with the small-cap Indian firm.

CONFIPET Small cap 12:33 PM
8
Order Wins · Real Estate

Capacit'e lands ₹589 cr Raymond job, its biggest single mandate

The Wadala residential contract equals 22% of last year's revenue. It's a repeat order from the Raymond Group.

CAPACITE Small cap 12:30 PM
7
Finance - Investment

Kalind cuts share price to ₹2 and announces a bonus issue

The board has approved a 1:5 stock split and a 1:2 bonus issue, capitalising ₹60.95 crore from reserves. Both moves are pending shareholder approval.

ARUNIS Small cap 12:18 PM
5
Earnings · Agrochemicals

Insecticides (India) posts its Q4 call transcript. It's already public.

A routine compliance filing. The call's content was priced in when the results and summary were released weeks ago.

INSECTICID Small cap 12:16 PM
5
Earnings · Water Management

EMS Ltd. details project delays and payment snags behind weak Q4 results

Management blamed government payment system changes and election-related work stoppages for a disappointing quarter, but stuck to a long-term growth target of 20% CAGR.

EMSLIMITED Small cap 12:05 PM
6
Earnings · Cement

Heidelberg Cement to pass on ₹100-150/tonne cost hit, plans ₹130 cr blending unit

Management says industry-wide cost pressure will be fully passed to customers in Q1. It has also been declared preferred bidder for two limestone mines in Madhya Pradesh.

HEIDELBERG Small cap 11:37 AM
6
Earnings · Dyes & Pigments

Kiri plans ₹13,000 cr bet on copper; standalone revenue guided above ₹1,000 cr

The dyes business recovered in FY26, but the call's real payload was the Gujarat project's scale and the debt to fund it.

KIRIINDUS Small cap 10:43 AM
8
Engineering - Industrial Equipments

Dee Development raises ₹300 cr via preferential issue at 20% discount

Promoter Krishan Lalit Bansal is in for ₹20 crore. Kotak MF, WhiteOak and ValueQuest are taking the other ₹280 crore.

DEEDEV Small cap 10:04 AM
9
Order Wins · Engineering - Construction

Bajel Projects lands ₹300-400 cr data-center substation order

The EPC win is equivalent to as much as 17.9% of Bajel's market cap and 14% of its FY26 revenue. It comes from a private client, a shift from its utility base.

BAJEL Small cap 9:48 AM
Tue · 02 Jun
8
Engineering - Industrial Equipments

Mamata Machinery lands European patent for core packaging tech

The Indian micro-cap secures IP protection for its sealing module across Europe, a key market for its expansion push.

MAMATA Small cap 7:50 PM
6
Printing And Publishing

HDFC MF cuts Jagran stake to 4.7% amid boardroom fight

The fund shed 2.4 percentage points in a single month, selling ₹40 crore in stock on the same day as a key shareholder meeting.

JAGRAN Small cap 6:44 PM
5
Earnings · Textile

Himatsingka's transcript adds nothing to its ₹4,000 cr revenue target.

The formal record of the May 29 earnings call repeats guidance already given. The document is an archive, not a catalyst.

HIMATSEIDE Small cap 6:42 PM
6
Concalls · Refractories

IFGL pauses ₹300-350 cr Odisha plant, pushes Monocon UK breakeven to FY27 end

Management dropped a firm FY28 target for its greenfield expansion, sending it to the board for review. The UK unit's path to profit also slipped after losing a key customer.

IFGLEXPOR Small cap 6:34 PM
5
Finance - Investment

Jindal Photo board to weigh changes to preference-share terms

The company called a meeting to consider varying its redeemable preference shares. The filing discloses no specifics on the proposed changes.

JINDALPHOT Small cap 6:30 PM
6
Earnings · IT - Software

Saksoft hits ₹1,000 cr revenue, but CEO trims growth target to 14-15%

The IT firm crossed the milestone in FY26 but says client caution on AI is forcing a more conservative outlook for the year ahead.

SAKSOFT Small cap 6:20 PM
5
Earnings · Recycling

Pondy Oxides funds ₹200 cr expansion from its own cash pile

The copper cathode project is fully internally funded, with lead volume growth guided at ~15%. Management detailed the Q4 record on the earnings call.

POCL Small cap 6:13 PM
5
Earnings · Lubricants

Gandhar Oil files Q4 transcript. It adds nothing.

A routine compliance filing. The transcript contains no new information beyond the live Q4 FY26 earnings call summary already in the market.

GANDHAR Small cap 6:01 PM
5
Earnings · Engineering - Construction

SRM Contractors repeats FY27 guidance on a call that changed nothing

The Q4 transcript reiterates a ₹1,500-1,750 crore revenue target and 16-18% EBITDA margin for FY27, with no new detail.

SRM Small cap 5:53 PM
6
Earnings · IT - Software

Dynacons' ₹3,000 cr order book anchors 22% revenue growth

FY26 revenue hit ₹1,424 crore, up 22%, with margins expanding 210 bps. The company flagged short-term supply-chain costs pressuring sequential margins.

DSSL Small cap 5:44 PM
7
Finance - Investment

Mufin Green Finance raises ₹119 cr, a sum bigger than half its annual revenue

The secured NCDs are a material debt raise for a small-cap NBFC. The capital funds a push into higher-margin lending segments.

MUFIN Small cap 5:15 PM
5
Earnings · Hospital & Healthcare

Shalby's Q4 call is a replay. The stock needs a new script.

The transcript details a MedTech turnaround and oncology capex plans, but the information was already in the prior earnings release.

SHALBY Small cap 5:11 PM
6
Alcoholic Beverages

Som Distilleries missed its revenue target by ₹267 cr. Bhopal is still down.

The company's Bhopal plant has been crippled for months, sinking FY26 revenue to ₹1,233 cr against a ₹1,500 cr target. Management also walked back a key promoter-purchase pledge.

SDBL Small cap 4:35 PM
6
Earnings · Real Estate

Arkade signs ₹1,100 cr Kandivali MOU, but Filmistan charge swells to ₹182 cr

A new cluster redevelopment deal and strong pre-sales are offset by a one-time hit from the Filmistan acquisition.

ARKADE Small cap 4:34 PM
5
Concalls · Aluminium

Hardwyn's 61% FY26 growth comes with a new playbook

Revenue grew 61% and EBITDA 82% in FY26. Management is now chasing larger contracts and branching into waste-water and tolling.

HARDWYN Small cap 4:21 PM