How does this order compare to previous ones?

The company disclosed a ₹2.58 cr order in June and a ₹1.67 cr order in May. This order is comparable in size.

What is the net value of this order after GST?

At 18% GST, the net value is approximately ₹1.44 cr.

Is the order material for Shayona?

Yes – it represents about 3.6% of FY26 revenue of ₹40.27 cr, exceeding standard materiality thresholds for a company with a market cap of ₹55 cr.

What is the delivery timeline and payment terms?

The order must be executed by July 30, 2026, and payment is due within 7 days of material acceptance, indicating low credit risk.

Why is the customer undisclosed?

SME companies often withhold customer names for competitive reasons; this is common practice and not a red flag.

Order Wins · Castings & Forgings · Micro cap

Shayona Engineering bags third order since January listing

Repeat orders confirm demand for engineering components. The latest is worth ₹1.70 cr including GST, to be executed by July 30.

— 4 earlier stories on Shayona Engineering Ltd. →

SHAYONAENG By Tipsheet Editorial 10 Jul 2026 · 10:30 AM IST Verify on BSE · NSE

Mkt cap₹54.76 cr

P/E13.55×

ROE24.42%

Debt / eq.1.41

₹1.70 cr Latest order value (incl. GST), ~3.6% of FY26 revenue

What's new

Shayona Engineering received a ₹1.70 cr purchase order for engineering components.
Order to be executed by July 30, 2026, with 7-day payment terms from acceptance.
Customer is undisclosed domestic; this is the third sizable contract since IPO.

Why this matters

For a nano-cap with ₹40.27 cr in FY26 revenue, repeat orders confirm post-IPO business momentum. At 3.6% of revenue, each order is incremental but collectively they build a track record.

What we're watching

Whether the order flow continues into the second half of FY27.
Any disclosure on the identity of the customer or total order backlog.

The full read

Shayona Engineering has bagged another order: ₹1.70 cr including GST, to be executed by July 30. Since its January listing, the company has disclosed three purchase orders: a ₹2.58 cr order in June, a ₹1.67 cr order in May, and this one. Each contract is modest individually, about 3.6% of FY26 revenue of ₹40.27 cr, but the repeat frequency suggests consistent demand. The short delivery timeline and seven-day payment terms imply low execution and credit risk. For a ₹55 cr market-cap firm with a trailing P/E of 13.6 and ROE of 24.4%, the valuation looks reasonable. The question now is sustainability. Three orders in three months. That's a pattern worth watching.

Questions answered

How does this order compare to previous ones?: The company disclosed a ₹2.58 cr order in June and a ₹1.67 cr order in May. This order is comparable in size.
What is the net value of this order after GST?: At 18% GST, the net value is approximately ₹1.44 cr.
Is the order material for Shayona?: Yes – it represents about 3.6% of FY26 revenue of ₹40.27 cr, exceeding standard materiality thresholds for a company with a market cap of ₹55 cr.
What is the delivery timeline and payment terms?: The order must be executed by July 30, 2026, and payment is due within 7 days of material acceptance, indicating low credit risk.
Why is the customer undisclosed?: SME companies often withhold customer names for competitive reasons; this is common practice and not a red flag.

Mentioned: Shayona Engineering · ₹1.70 cr · BSE SME

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on SHAYONAENG →

10 Jul 2026 · 10:30 AM IST Shayona Engineering bags third order since January listing
21d ago Shayona Engineering bags its biggest order since January IPO
44d ago Shayona Engineering lands its largest order since January IPO
44d ago Shayona Engineering files audited FY26 results
44d ago Shayona Engineering revenue jumps 74% in first year post-listing