Engineering - Industrial Equipments
60 recent notes from companies in this sector. 20 companies tracked.
Admach Systems nabs ₹94 lakh NDT order, total order book at ₹82 cr
The domestic order for non-destructive testing equipment comes with 30% advance; order book exceeds annual revenue.
Salasar Techno faces fresh NCLT vote on merger after earlier meet set aside
NCLT Allahabad orders de novo equity shareholder meeting on August 8, 2026 for Hill View Infrabuild amalgamation, superseding June 5 proceedings. Reason undisclosed.
Crisil lifts Skipper's long-term rating to A+; facility limit raised to ₹4,621 cr
The one-notch upgrade to A+ with stable outlook was likely telegraphed. The bigger story is the raised bank limit from ₹4,301 cr to ₹4,621 cr.
Hindustan Tin Works faces ₹1.60 cr entry tax demand
The assessment order for AY 2015-16 under Haryana Entry Tax raises questions about tax disputes, though the company expects a favourable outcome and the amount is modest relative to its ₹112 cr market cap.
United Drilling gets repeat ₹3.89 cr order from Vedanta
A repeat order from Vedanta worth ₹3.89 crore, representing 2.1% of annual revenue, strengthens visibility for the nano-cap engineering firm.
Revathi Equipment loses CFO; no successor named
Sudhir Raju resigns effective June 30 citing personal reasons, leaving a key finance role open at the ₹220-cr nano-cap.
Trans India House gets ₹60 cr tax demand, more than double market cap
The income-tax notice for AY2024-25 dwarfs the ₹29 crore company. Management says it will appeal, but the liability is existential.
Unimech lands long-term deal with Austrian aerospace Tier-1 FACC
The agreement covers precision-engineered components after a multi-year evaluation, but no order value is disclosed; near-term revenue impact is uncertain.
Windsor Machines promoter lifts stake to 8.54% via ₹67-cr warrant conversion
Ramesh Keshubhai Siyani converted 34.8 lakh warrants to double his direct holding, bringing promoter group voting rights to 42.95%.
United Drilling Tools bags repeat ₹1.61 cr export order for Petrobras
The nano-cap company has secured a repeat order from Argentera Oil and Gas for casing pipe supply to Petrobras, reinforcing its export credentials with a global oil major.
Shri Bajrang exits distillery JV, appoints new chairman
Board clears full withdrawal from chemical distillery LLP, freeing capital and eliminating contingent liabilities. Anand Goel named chairman as the nano-cap refocuses on steel and food.
Shri Bajrang's credit rating slips one notch to BBB-
Infomerics downgraded the Rs 25 crore HDFC facility to lowest investment grade, citing a review of FY26 performance. Outlook stays stable.
Admach Systems lands ₹5 cr steel-sector order, order book hits ₹81.71 cr
The two-roll straightening machine order from a domestic steel customer adds about 7% to FY26 revenue and takes the order book well above trailing sales.
Kabra Extrusion loses battery head Arnab Saha, succession already in place
Arnab Saha, who built the Geon battery division, resigns effective June 23. Recent COO and CEO appointments for the energy storage business suggest a planned handover.
Batliboi buys Penta Automation for ₹19.8 cr to expand in robotics
The all-cash deal adds a robotics integrator with ₹25.17 cr revenue, ~5.7% of Batliboi's turnover. Key sellers stay on.
Lloyds Engg promoter frees 2.3 cr shares from Tata Capital pledge
Lloyds Enterprises released pledge on 2.30 crore shares, reducing encumbered holding from 18.41% to 13.65% of promoter stake. The move signals improved financial flexibility.
Dee Development lands ₹64 cr wind tower order, diversifies beyond piping
DEE Fabricom India will supply 15 windmill towers to Ganeko Solar by Jan 2027. The order, worth 5.6% of FY26 revenue, adds a new revenue stream outside its core piping business.
Shree Refrigerations lands repeat Navy order — ACs on PM-commissioned warships
Shree Refrigerations' AC plants on second set of PM-commissioned warships. New 50,000 sq ft plant doubles capacity, supporting 40% CAGR target.
MPF Systems MD quits, board pivots to travel & tourism
Sharang Amar Sharma steps down; promoter-family member Parshottambhai Rupareliya takes over. Shareholders to vote on new business line.
Cranex lands ₹18.5 cr crane orders; order book tops ₹100 cr
Nano-cap crane maker Cranex secures orders from BHEL and Indian Railways, pushing total order book to over 1.6 times annual revenue.
Shilp Gravures FY26 net profit jumps 89% to ₹7.96 cr, but numbers were already out
Nano-cap company reports standalone PAT of ₹7.96 cr, revenue ₹88.38 cr; board declares ₹2.10 dividend, same as last year. However, the financials were disclosed earlier in a prior filing.
Promoter pledges 50.69% of International Conveyors for ₹420 cr debt
IGE India locks in over half the company's equity as collateral for unrated debentures to refinance group debt and fund an acquisition. Collateral coverage is just 0.63x.
Windsor Machines locks in ₹149.99 cr from single investor
Vinit Bediya converts 1.04 crore warrants at ₹191.85 each, taking his stake to 10.25% and infusing nearly 5% of market cap into the engineering firm.
John Cockerill India lands ₹85-90 cr order from JSW JFE for CRGO furnaces
The order adds to a ₹33 bn backlog and deepens ties with the JSW group. Completion is set for 15 months from June 2026.
Kirloskar Oil Engines lands 192 MW data centre power order from HyperNext
One of India's largest standby power installations for data centres. Order value not disclosed, estimated at ~₹192 crore.
BCPL nabs ₹4.62 cr Eastern Railway order, fourth this month
The Sealdah division award converts prior L1 status into a binding contract for platform extension works, following a ₹13 cr project last week and two smaller orders earlier this month.
Kirloskar's restated PAT jumps 63% to ₹503 cr, driven by merger tax boost
Consolidated profit for FY26 gets a **₹141.28 cr** deferred tax asset and **₹110.38 cr** tax reversal from absorbing two wholly-owned entities into subsidiary KFIL. The merger is retrospective from April 2025.
Rajoo Engineers completes machine shop upgrade, capex undisclosed
The Shree Yantralaya shop now houses 5-axis multitasking from Okuma, Huron, and Jyoti, enabling in-house production of complex extrusion components. No capital outlay or efficiency gains were disclosed.
Aequs maps 4x-6x revenue jump by 2031, but Hasbro loss clouds trajectory
First-ever Investor Day lays out quantified targets: **$350-450M** capex, **18-22%** EBITDA margins, **20%** ROCE. Current quarter losses and a lost toy contract remain unaddressed.
Lloyds Engineering buys SISCOL for ₹1,073 cr to build ₹10,000 cr revenue platform
The structural steel fabricator adds ₹817 cr in revenue and a ₹1,134 cr order book. Founder Ravi Uppal stays on to lead the acquired entity.
Lloyds Engineering buys 52% stake in SISCOL for ₹635 cr
The deal brings former JSPL MD Ravi Uppal's company under its fold, adding ₹817 cr revenue and 100,000 MTPA capacity. Combined entity creates an integrated engineering and EPC platform.
Kirloskar Ferrous lands ₹113.5 cr pig iron order from UK buyer
30,000 MT of basic grade pig iron to be shipped sight L/C, FOB basis, delivery by August 2026
Fabtech drops preferential issue, cites volatile markets
The micro-cap shelved a 1,24,440-share preferential issue that had full board and exchange approval. Company says no material impact on business and may explore alternative routes.
Shri Balaji Valve grows 19.5%, but customer concentration jumps to 65%
FY26 PAT jumped 32% to ₹8.56 crore, but top-five clients now cover 60-65% of revenue, up from 35%, and a new facility plan was downgraded to 'brainstorming'.
Megatherm stops taking orders as transformer unit hits 100% capacity
Order book doubles to ₹80-90 cr, FY27 revenue target of ₹450+ cr reaffirmed. But a prior call gave conflicting capex figures, raising execution questions.
Dhara Rail nearly doubles profit on shift to direct railway bids
Revenue rose 27% to ₹56.74 cr and net profit hit ₹15.4 cr as 95% of the order book now comes from direct railway tenders, boosting margins. Order book at ₹184 cr.
Kilburn Engineering bags ₹100 cr in fertilizer orders from top domestic clients
Orders from Coromandel, RCF, FACT, and Hindustan Zinc push total fertilizer order book past ₹170 cr, adding strong revenue visibility for the small-cap engineering firm.
Kilburn Engineering lands first order from Swiss licensor Casale SA worth ₹70.2 cr
The ₹70.2 crore order, for fertilizer process equipment, is 11% of FY26 revenue and marks the company's entry into Casale SA's global supplier network.
Lloyds Engineering to mull preferential issue; no size or price yet
The board meets June 18 to consider issuing equity on a preferential basis. With no details on quantum or purpose, the move remains speculative.
Mahindra EPC bags ₹17 cr in micro-irrigation orders, third award this month
Four contracts from a government buyer cover 680 hectares under a community micro-irrigation project. Total disclosed orders in the past month climb to ₹23.8 cr.
Kirloskar Ferrous PAT nearly doubles to ₹594.74 cr on tax boost
A deferred tax asset of ₹141.28 cr and reversal of ₹110.38 cr tax expense drive the jump. The restated results supersede the May 7 filing.
Fabtech Cleanrooms lands ₹153 cr in orders — 70% of last year's revenue in one month
May orders push order book to ₹354.74 cr, more than 70% of market cap. Renewables and pharma lead.
Sealmatic guides for 15% revenue growth, margin recovery in FY27
After a weak FY26 where revenue grew just 2%, management targets 23-24% EBITDA margins backed by lower exhibition spends and API seal placements.
Artson lands ₹5.40 cr order from Deepak Chem Tech, diversifying beyond Tata Group
The two-phase order for 15 vessels adds to recent wins from Reliance and Anuppur, providing near-term revenue visibility despite modest size.
BHEL gets one-notch rating upgrade to CARE AA/Stable
CARE lifts BHEL's long-term rating from AA- to AA on stronger profitability and order book. But for a ₹1,30,299 cr PSU, this is a modest, widely expected move.
BCPL bags ₹2.89 cr Eastern Railway order for capacitor banks
The nano-cap's third small win in a month adds to a growing order book, with ₹13 cr and ₹4.72 cr contracts already secured in June.
Mahindra EPC wins a second straight ₹3.3 cr order from a single government buyer.
The nano-cap's latest contract is for 100 hectares and follows a near-identical award in May. The back-to-back wins from one division signal steady, if small-scale, demand.
Sealmatic's revenue grew 2%. Its guidance was 15-20%.
The seal maker missed its own growth target by a wide margin and gave up on forecasting FY27. Management is spending on an installed base it says will pay off later.
BCPL wins ₹13 cr contract worth a tenth of its own market cap
The railway electrification order from South East Central Railway is large enough to materially move the nano-cap's near-term revenue.
Rungta Irrigation doubles authorised capital, now eyes a rights issue
The ₹98-cr market-cap irrigation equipment maker will meet June 12 to consider a rights issue. Pricing and size are still secret.
Rishi Laser missed its FY26 target. Now it's guiding for a ₹30 crore revenue jump.
Management blamed execution failures at its new Malur plant for the shortfall. It's now guiding for ₹190 crore in FY27 as the plant finally comes online.
Shri Bajrang Alliance chairman resigns days after NSE listing
Narendra Goel, a promoter-family figure, has quit as Executive Director and Chairman with immediate effect, citing other commitments.
Tega's Molycop deal is live, but the growth outlook just got cut.
The $838M acquisition adds heavy debt to Tega's books. Management now sees Molycop growing at 3% in FY27, not the rate it expected.
JNK India lands ₹100-300 cr incinerator deal for ADNOC's Abu Dhabi salt project
The export order is worth 12-36% of JNK India's FY26 revenue and adds to an order book already at ₹1,961 crore. Delivery is set for December 2027.
Advait Energy's Q4 call transcript adds nothing to the earnings release.
A procedural filing. The post-results call covered order book and capex already disclosed.
Aztec Fluids posts routine FY26 call. No new numbers.
The full transcript adds nothing beyond the prior concall summary and annual results already disclosed.
Admach lands ₹1.65 cr order; order book now exceeds annual revenue
A domestic steel-customer order for a Main System and Automatic Calibration Station takes the nano-cap's total backlog to ₹76.25 crore, or more than 100% of FY26 revenue.
Hindustan Tin Works escapes ₹6.47 cr GST hit from Haryana authorities.
The state's GST department dropped all proceedings for FY 21 after a May show-cause notice. The amount was 5.8% of the company's market cap.
Shri Balaji Valve posts 32% PAT growth, sets 20-25% target for FY27
A routine half-year update confirms profit is expanding. Management set a growth target for next year, but nothing new emerged from the call.
Ikoma will raise ₹50 cr, buy 51% of ICM Insurance Brokers
A rights issue worth 38% of its current market cap will fund a pivot into insurance broking, just as Ikoma's core revenue collapsed to ₹1.66 cr.