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Latest filing: 2026-08-13 19:37
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17 announcements match the current filters (relevance ≥ 5).
Foseco India Q2 Revenue Grows 16% YoY to ₹182.3 Cr; PAT Impacted by Exceptional Loss
Foseco India reported a steady 15.9% YoY increase in standalone revenue to ₹182.28 Cr for the quarter ended June 30, 2026. Net profit grew by a lower 6.2% YoY to ₹22.86 Cr, primarily due to a ₹3.49 Cr exceptional loss from a stake sale in a subsidiary. Despite higher profits, EPS diluted to ₹30.33 from ₹33.72 YoY, reflecting the increased equity base following the Morganite acquisition. The company maintains a robust balance sheet with total cash and bank balances exceeding ₹317 Cr.
Confidence: HIGH
What changedThe company reported its Q2 2026 financial results, showing double-digit top-line growth but bottom-line pressure from a one-time exceptional loss and equity dilution.
Why it mattersThe results confirm Foseco's ability to grow its core foundry chemicals business (16% revenue growth) while maintaining a debt-free balance sheet, though the EPS dilution highlights the cost of recent inorganic expansion.
Revenue (Q2 2026): ₹182.28 CrNet Profit (Q2 2026): ₹22.86 CrExceptional Loss: ₹3.49 CrEPS (Q2 2026): ₹30.33Cash & Bank Balances: ₹317.38 CrQ2 Revenue vs TTM Revenue: 26.37%
📅 Short termThe stock may see neutral-to-positive movement as the market weighs strong revenue growth against the one-time exceptional hit and EPS dilution.
📈 Long termFoseco remains a dominant player in the foundry chemicals space with high ROCE (16%) and zero debt; long-term value depends on successfully scaling the newly acquired Morganite business.
⚠ Risk flags
- Equity dilution impacting EPS
- Raw material price volatility
- One-off losses from subsidiary restructuring
Key Highlights
Revenue from operations increased 15.9% YoY to ₹182.28 Cr for Q2 2026.
Net profit for the quarter stood at ₹22.86 Cr, up 6.2% from ₹21.53 Cr in the corresponding quarter last year.
Exceptional loss of ₹3.49 Cr recorded during the quarter related to the disposal of a stake in a subsidiary.
H1 2026 standalone revenue reached ₹344.98 Cr, accounting for approximately 50% of the TTM revenue of ₹691 Cr.
Cash and bank balances (including deposits) remained strong at ₹317.38 Cr as of June 30, 2026.
👀 What to Watch
Investors should monitor the margin trajectory as raw material costs (Cost of Materials Consumed) rose to ₹87.6 Cr this quarter vs ₹80.5 Cr YoY. Watch for the full integration benefits of the Foseco Crucible (formerly Morganite) subsidiary.
₹43.25 Cr Acquisition of Mehsana Facility from Vesuvius India to Consolidate Crucible Business
Foseco India has entered into a Business Transfer Agreement to acquire the Mehsana manufacturing facility from fellow subsidiary Vesuvius India Limited for ₹43.25 Cr. The facility specializes in crucibles and foundry consumables for the non-ferrous sector and generated ₹58.13 Cr in revenue for CY2025. This acquisition represents approximately 8.4% of Foseco's TTM revenue and follows the 2025 acquisition of Morganite Crucible. The transaction is a related-party deal conducted at arm's length and is expected to close by December 31, 2026.
Confidence: HIGH
What changedFoseco India is acquiring a manufacturing plant from its group company Vesuvius India to consolidate the group's crucible and non-ferrous consumables business under one entity.
Why it mattersThis move strengthens Foseco's market leadership in the foundry sector by adding scale and specialized manufacturing capabilities, while unlocking operational synergies with its existing distribution network.
Acquisition Consideration: ₹43.25 CrTarget Revenue (CY2025): ₹58.13 CrTarget Revenue vs Foseco TTM Revenue: ~8.4%Acquisition Cost vs Net Worth: ~4.2%Completion Deadline: 31 December 2026
📅 Short termThe market is likely to view this as a positive consolidation move that adds immediate revenue and manufacturing capacity without significant debt, given Foseco's strong cash position.
📈 Long termStructurally, this completes the consolidation of the Vesuvius Group's crucible business in India under Foseco, positioning it as a dominant player in the non-ferrous industrial sector over the next 3-5 years.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Related party transaction with a group company
- Integration risk of the new facility
- Requirement for GIDC approval for sub-lease arrangements
Key Highlights
Acquisition of Mehsana facility for a lump-sum cash consideration of ₹43.25 Cr
Target facility revenue grew 25% over two years, from ₹46.43 Cr in CY2023 to ₹58.13 Cr in CY2025
Acquisition value represents approximately 4.2% of Foseco's current net worth of ₹1,040 Cr
Target facility revenue of ₹58.13 Cr is equivalent to ~8.4% of Foseco's TTM revenue of ₹691 Cr
Transaction expected to be completed by December 31, 2026, subject to GIDC approvals
👀 What to Watch
Investors should monitor the successful integration of the Mehsana facility with Foseco's existing crucible business (formerly Morganite) and look for margin expansion in the non-ferrous segment in upcoming quarterly results.
₹43.25 Cr Acquisition of Mehsana Facility from Vesuvius India
Foseco India has entered into a Business Transfer Agreement to acquire the Mehsana manufacturing facility from its fellow subsidiary, Vesuvius India Limited (VIL), for ₹43.25 Cr. The facility specializes in crucibles and foundry consumables for the non-ferrous sector and reported a turnover of ₹58.13 Cr in FY25. This acquisition represents approximately 8.4% of Foseco's TTM revenue and follows its 2025 acquisition of Morganite Crucible. The transaction is a related-party deal conducted at arm's length and is expected to close by December 31, 2026.
Confidence: HIGH
What changedFoseco India is acquiring a manufacturing facility from its sister company, Vesuvius India, to consolidate the group's crucible and non-ferrous consumable business.
Why it mattersThe deal strengthens Foseco's product portfolio and scale in the crucible segment, following its previous acquisition of Morganite Crucible, and aims to unlock operational synergies through shared distribution.
Acquisition Cost: ₹43.25 CrTarget Revenue (FY25): ₹58.13 CrCost vs Net Worth: ~4.16%Target Revenue vs TTM Revenue: ~8.41%Completion Deadline: 31 December 2026
📅 Short termThe market is likely to view this as a positive consolidation move that adds immediate revenue to the top line without significant debt, given Foseco's cash-rich balance sheet.
📈 Long termThis acquisition structurally aligns the Vesuvius Group's Indian operations, positioning Foseco as the primary vehicle for the crucible and foundry consumable market in India.
⚠ Risk flags
- Related party transaction with a fellow subsidiary
- Pending GIDC approval for sub-lease arrangement
Key Highlights
Acquisition of Mehsana business undertaking for a lump-sum cash consideration of ₹43.25 Cr
Target facility revenue grew from ₹46.43 Cr in 2023 to ₹58.13 Cr in 2025
Acquisition value represents approximately 4.16% of Foseco's current Net Worth of ₹1,040 Cr
Target turnover of ₹58.13 Cr is equivalent to ~8.4% of Foseco's TTM revenue of ₹691 Cr
Transaction expected to be completed by December 31, 2026, subject to GIDC approvals
👀 What to Watch
Investors should track the successful transfer of the GIDC sub-lease and the subsequent integration of the Mehsana facility's margins into Foseco's consolidated financials by Q4 FY27.
Foseco India Sells 1.77% Stake in Subsidiary FCIL for INR 12 Crore to Meet MPS Norms
Foseco India Limited has successfully completed the sale of 99,081 equity shares (1.77% stake) in its subsidiary, Foseco Crucible (India) Limited (FCIL). The sale was conducted through the open market for an aggregate consideration of approximately INR 11.99 crore. This move was specifically executed to ensure FCIL complies with SEBI's Minimum Public Shareholding (MPS) requirement of 25%. Following this transaction, Foseco India's stake in the subsidiary has reduced to exactly 75.00%.
Key Highlights
Sold 99,081 equity shares representing a 1.77% stake in subsidiary Foseco Crucible (India) Limited.
Total consideration for the open market sale amounted to approximately INR 11,99,72,779.
Parent company's shareholding in FCIL now stands at 75.00% (42,00,000 shares).
The divestment ensures the subsidiary is now fully compliant with SEBI and SCRR Minimum Public Shareholding requirements.
👀 What to Watch
No immediate action is required as this is a routine regulatory compliance move to meet listing norms. Investors should note the successful completion of the stake sale and the resulting cash inflow of approximately INR 12 crore.
Foseco India Reports 15.1% Revenue Growth and 75% Stake Acquisition in FCIL at 69th AGM
Foseco India delivered a strong FY25 performance with standalone revenue growing 15.1% YoY to ₹60,402 lakhs and a Profit After Tax of ₹7,522 lakhs. A major strategic milestone was achieved through the acquisition of a 75% controlling stake in Morganite Crucible (India) Limited, now renamed Foseco Crucible (India) Limited. The company maintains a robust, debt-free balance sheet with a consolidated PBT margin of 19.8% and an EPS of ₹114.94. Total dividends distributed during the year amounted to ₹1,597 lakhs.
Key Highlights
Standalone Revenue from Operations increased by 15.1% YoY to ₹60,402 lakhs.
Consolidated Profit Before Tax (PBT) reached ₹12,727 lakhs with a healthy margin of 19.8%.
Acquired a 75% controlling stake in Foseco Crucible (India) Limited to expand non-ferrous segment capabilities.
Maintained a debt-free balance sheet while investing ₹198 lakhs in domestic R&D for new product technologies.
Reported an Earnings Per Share (EPS) of ₹114.94 and distributed ₹1,597 lakhs in total dividends.
👀 What to Watch
Investors should take note of the company's strong volume-led growth and strategic acquisition which enhances its product portfolio. The debt-free status and consistent dividend payouts make it a stable play in the industrial consumables sector.
Foseco India FY25 Revenue Grows 15.1% to ₹604 Cr; Completes 75% Stake Acquisition in FCIL
Foseco India reported a strong performance for FY25, with standalone revenue increasing 15.1% to ₹60,402 lakhs and a Profit After Tax of ₹7,522 lakhs. A major strategic milestone was the acquisition of a 75% stake in Foseco Crucible (India) Limited, which strengthens the company's position in the non-ferrous segment. The company remains debt-free with a healthy consolidated PBT margin of 19.8%. Innovation continues to be a focus, with ₹198 lakhs invested in R&D and the launch of several new proprietary technologies.
Key Highlights
Standalone Revenue from Operations grew 15.1% YoY to ₹60,402 lakhs with an EPS of ₹114.94.
Consolidated PBT reached ₹12,727 lakhs, reflecting a strong operating margin of 19.8%.
Acquired a 75% controlling stake in Morganite Crucible (India) Limited, now renamed Foseco Crucible (India) Limited.
Distributed a total dividend of ₹1,597 lakhs during the financial year.
Invested ₹198 lakhs in domestic R&D, leading to the launch of INSTA Coatings and ROTOCLENE technology.
👀 What to Watch
Investors should take note of the company's debt-free balance sheet and its strategic expansion through the FCIL acquisition. The focus on high-margin technology-led solutions and the non-ferrous segment suggests a positive long-term growth trajectory.
Foseco India Sets June 3, 2026 as Record Date for Final Dividend Payment
Foseco India Limited has fixed June 3, 2026, as the record date to determine shareholder eligibility for the final dividend. The dividend is subject to approval at the company's 69th Annual General Meeting (AGM) scheduled for June 10, 2026. If approved, the company expects to complete the dividend payment or credit by July 9, 2026. This announcement provides clarity on the timeline for corporate action benefits for the current fiscal period.
Key Highlights
Record date for final dividend eligibility is Wednesday, June 3, 2026
69th Annual General Meeting (AGM) to be held on June 10, 2026, for dividend approval
Dividend payment or credit to be completed on or before July 9, 2026
Compliance confirmed under Regulation 42 of SEBI (LODR) Regulations
👀 What to Watch
Investors seeking to qualify for the dividend should ensure they own the stock before the ex-dividend date, which typically precedes the June 3 record date. Current shareholders should verify the dividend amount previously recommended by the board to calculate expected yields.
Foseco India Declares Rs 25 Final Dividend; Record Date Set for June 3, 2026
Foseco India Limited has announced a final dividend of Rs 25 per equity share (250% of face value) for the financial year ended December 31, 2025. The company has established June 3, 2026, as the record date to identify eligible shareholders for this payout. The dividend is subject to approval at the upcoming 69th Annual General Meeting on June 10, 2026. Once approved, the dividend will be paid or credited to shareholders on or before July 9, 2026.
Key Highlights
Final dividend of Rs 25 per equity share of Rs 10 each (250%) for FY ended Dec 31, 2025
Record date for dividend entitlement is fixed as Wednesday, June 3, 2026
69th Annual General Meeting scheduled for June 10, 2026, via video conferencing
Proposed re-appointment of Prasad Chavare as MD & CEO for a 5-year term starting June 1, 2026
Dividend payment to be completed on or before July 9, 2026, subject to member approval
👀 What to Watch
Investors interested in the dividend should ensure they hold the shares in their demat accounts before the record date of June 3, 2026. The re-appointment of the MD & CEO also suggests management stability for the next five years.
Foseco India Announces ₹25 Dividend and Re-appointment of MD & CEO at 69th AGM
Foseco India Limited has scheduled its 69th Annual General Meeting for June 10, 2026, to approve a final dividend of ₹25 per share (250%) for the financial year ended December 31, 2025. The company has fixed June 3, 2026, as the record date for dividend eligibility, with payments to be completed by July 9, 2026. A significant leadership decision involves the re-appointment of Prasad Chavare as Managing Director and CEO for a five-year term starting June 1, 2026. Additionally, the board is seeking shareholder approval for the re-appointment of an Independent Director and the ratification of cost auditor fees.
Key Highlights
Proposed final dividend of ₹25 per equity share (250% of face value) for FY ended Dec 31, 2025.
Record date for dividend entitlement is June 3, 2026, with payment on or before July 9, 2026.
Re-appointment of Prasad Chavare as MD and CEO for a 5-year term from June 2026 to May 2031.
Re-appointment of Amitabha Mukhopadhyay as Independent Director for a second 5-year term.
Ratification of ₹4,50,000 remuneration for Cost Auditors for the financial year ending Dec 2026.
👀 What to Watch
Investors should ensure they hold shares by the June 3, 2026 record date to qualify for the ₹25 dividend. The five-year re-appointment of the MD & CEO signals management stability, which is a positive indicator for long-term shareholders.
Foseco India to Sell 1.77% Stake in Subsidiary FCIL for ~INR 134.75 Crore
Foseco India's board has approved the sale of up to 99,081 shares (1.77% stake) in its subsidiary, Foseco Crucible (India) Limited (FCIL). This divestment is a strategic move to comply with SEBI's Minimum Public Shareholding (MPS) requirements. The company expects to realize approximately INR 13,475 Lakh from the sale, which will be conducted through open market mechanisms or other SEBI-approved methods. FCIL is a notable contributor, accounting for 6.1% of Foseco India's consolidated turnover and 13.6% of its net worth.
Key Highlights
Sale of 99,081 equity shares representing a 1.77% stake in subsidiary Foseco Crucible (India) Limited.
Estimated transaction value of approximately INR 13,475 Lakh (~INR 134.75 Crore).
Divestment is mandated to comply with SEBI's Minimum Public Shareholding (MPS) norms.
FCIL contributed INR 3,940.20 Lakh (6.1%) to consolidated revenue and 13.6% to net worth in the last FY.
The sale process is scheduled to be completed between May 18, 2026, and March 31, 2027.
👀 What to Watch
This is a regulatory compliance step to meet shareholding norms and does not signal a change in business strategy. Investors should monitor how the company intends to utilize the significant cash inflow of approximately INR 134.75 Crore.
Foseco India Q1 Net Profit Up 10.6% YoY to ₹23.96 Cr; Revenue Grows to ₹162.7 Cr
Foseco India reported a steady performance for the quarter ended March 31, 2026, with revenue from operations growing 9.5% YoY to ₹162.7 crore. Net profit increased by 10.6% YoY to ₹23.96 crore, showing strong operational resilience. The company successfully concluded its open offer for Foseco Crucible (India) Limited, acquiring 99,081 shares for ₹15.4 crore. Despite higher profits, EPS slightly declined to ₹31.79 from ₹33.93 YoY due to an expanded equity base.
Key Highlights
Revenue from operations increased 9.5% YoY to ₹16,270.26 Lakhs from ₹14,851.49 Lakhs.
Net profit for the quarter rose to ₹2,396.17 Lakhs, compared to ₹2,166.87 Lakhs in the previous year's corresponding quarter.
Profit Before Tax (PBT) grew 10.7% YoY to ₹3,225.56 Lakhs.
The Open Offer for Foseco Crucible (India) Limited concluded on January 13, 2026, with a consideration of ₹1,542.84 Lakhs.
Ernst & Young LLP re-appointed as Internal Auditor for a one-year term effective April 1, 2026.
👀 What to Watch
Investors should monitor the integration of the newly acquired subsidiary, Foseco Crucible, which could drive future consolidated growth. The steady margin performance in the core metallurgical segment remains a positive indicator.
Foseco India Q1 Net Profit Rises 10.6% YoY to ₹23.96 Cr; Revenue Up 9.5%
Foseco India reported a steady performance for the quarter ended March 31, 2026, with standalone revenue from operations growing 9.5% YoY to ₹162.7 crore. Net profit for the period increased by 10.6% to ₹23.96 crore compared to ₹21.67 crore in the corresponding quarter of the previous year. However, Basic EPS declined to ₹31.79 from ₹33.93 YoY, primarily due to an increase in the paid-up equity share capital. The company also confirmed the conclusion of the Open Offer for its subsidiary, Foseco Crucible (India) Limited, in January 2026.
Key Highlights
Revenue from operations increased 9.5% YoY to ₹16,270.26 Lakhs from ₹14,851.49 Lakhs.
Net Profit grew 10.6% YoY to ₹2,396.17 Lakhs compared to ₹2,166.87 Lakhs in the previous year's quarter.
Paid-up equity share capital rose to ₹753.73 Lakhs from ₹638.65 Lakhs, leading to EPS dilution.
Open Offer for Foseco Crucible (India) Limited concluded on Jan 13, 2026, with 99,081 shares acquired for ₹1,542.84 Lakhs.
Ernst & Young LLP re-appointed as Internal Auditor for a one-year term effective April 1, 2026.
👀 What to Watch
Investors should focus on the healthy top-line growth and successful integration of the new subsidiary, while keeping an eye on how the increased equity base impacts future dividend payouts and EPS growth.
Foseco India FY25 Net Profit Grows 3% to ₹75.22 Cr; Revenue Up 15% to ₹604 Cr
Foseco India Limited reported a robust 15.1% year-on-year growth in revenue from operations, reaching ₹604.02 crore for the financial year ended December 31, 2025. However, net profit growth was muted at 3%, totaling ₹75.22 crore, primarily due to an exceptional item expense of ₹9.31 crore. The company's operational performance remains strong with profit before tax (excluding exceptional items) rising nearly 15%. This filing serves as a machine-readable correction to the previously submitted results for regulatory compliance.
Key Highlights
Revenue from operations increased to ₹60,401.65 lakhs in FY25 from ₹52,478.39 lakhs in FY24.
Profit before tax and exceptional items grew by 14.9% YoY to ₹11,296.35 lakhs.
Net profit for the year stood at ₹7,521.74 lakhs compared to ₹7,302.74 lakhs in the previous year.
Earnings Per Share (EPS) for the full year ended December 2025 was ₹114.94.
The company incurred an exceptional item expense of ₹930.77 lakhs during the financial year.
👀 What to Watch
Investors should take confidence in the strong 15% top-line growth, which suggests market share gains or strong industry demand. While the exceptional item impacted the final bottom line, the core operational profitability remains healthy.
Foseco India Re-appoints Prasad Chavare as MD & CEO for 5 Years; Appoints New Director
Foseco India has announced the re-appointment of Mr. Prasad Chavare as Managing Director and CEO for a second five-year term, effective from June 1, 2026, to May 31, 2031. Additionally, the board has appointed Mr. Henry James Knowles, General Counsel of the parent company Vesuvius plc, as a Non-Executive Director effective February 26, 2026. These leadership moves ensure management continuity and strengthen the strategic alignment with the global holding company. The long-term extension for the CEO indicates board confidence in the current leadership's execution and strategy.
Key Highlights
Mr. Prasad Chavare re-appointed as MD & CEO for a 5-year term starting June 1, 2026.
Mr. Henry James Knowles appointed as Non-Executive Non-Independent Director effective Feb 26, 2026.
Mr. Knowles brings over 30 years of experience as a corporate lawyer and is a nominee of the holding company.
The CEO re-appointment is subject to shareholder approval as per regulatory requirements.
Leadership continuity is maintained as the current CEO's term was set to expire on May 31, 2026.
👀 What to Watch
Investors should view the management continuity as a sign of stability and long-term planning. No immediate action is required, but shareholders should support the re-appointment in the upcoming voting process.
Foseco India Recommends Final Dividend of Rs 25 Per Share for FY2025
Foseco India's Board of Directors has recommended a final dividend of Rs 25 per equity share for the financial year ended December 31, 2025. This represents a 250% payout on the face value of Rs 10 per share. The recommendation is subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the company approved its audited financial results for the quarter and year ended December 2025 with an unmodified audit opinion.
Key Highlights
Recommended a final dividend of Rs 25 per equity share for the financial year ended December 31, 2025.
The dividend payout represents 250% of the paid-up equity share capital of face value Rs 10.
Audited financial results for the quarter and year ended December 31, 2025, were approved with an unmodified opinion.
The dividend is subject to the approval of members at the next Annual General Meeting.
👀 What to Watch
Investors should note the dividend yield based on the current market price and await the announcement of the record date for eligibility. The unmodified audit opinion provides confidence in the reported financial health of the company.
Foseco India Approves FY25 Results and Recommends Rs 25 Per Share Final Dividend
Foseco India Limited has approved its audited financial results for the fiscal year ending December 31, 2025. A key highlight for shareholders is the recommendation of a final dividend of Rs. 25 per equity share, which represents a 250% payout on the face value of Rs. 10. The company's statutory auditors have issued an unmodified opinion on the financial statements, indicating transparent and reliable reporting. This announcement reflects the company's strong cash position and commitment to rewarding its investors.
Key Highlights
Recommended a final dividend of Rs. 25 per equity share (250% of face value) for FY2025.
Audited standalone and consolidated financial results for the year ended December 31, 2025, approved.
Statutory auditors Price Waterhouse Chartered Accountants LLP issued an unmodified audit opinion.
The dividend is subject to approval by members at the upcoming Annual General Meeting.
👀 What to Watch
Investors should view the Rs. 25 dividend as a strong positive for yield; existing shareholders should hold to capture the payout while monitoring the full earnings report for growth metrics.
Foseco India Board Meeting on Feb 25 for FY25 Results and Final Dividend Recommendation
Foseco India Limited has scheduled a Board Meeting on February 25, 2026, to approve the audited standalone and consolidated financial results for the quarter and year ended December 31, 2025. In addition to the earnings report, the board will consider recommending a final dividend for the 2025 financial year. The trading window for insiders, which has been closed since January 1, 2026, will continue to remain closed until February 27, 2026. This announcement is a key precursor to the company's annual performance disclosure and potential shareholder rewards.
Key Highlights
Board meeting set for February 25, 2026, to approve audited results for the year ended Dec 31, 2025.
The board will consider recommending a final dividend for the financial year 2025.
Trading window closure is in effect from January 1, 2026, through February 27, 2026.
The meeting will cover both standalone and consolidated financial statements.
👀 What to Watch
Investors should monitor the February 25 announcement for the dividend quantum and full-year earnings growth. The stock may experience price action based on the yield implied by the dividend recommendation.
