Smiths & Founders (India) Ltd (513418)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Smiths & Founders' revenue was ₹3.2 Cr (-0.2% year on year, -9.0% on the previous quarter), and net profit ₹0.3 Cr (-1.6% year on year); the operating margin was 10.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.2 | -0.2% | -9.0% |
| Operating profit | ₹0.4 | -2.0% | from loss |
| Net profit | ₹0.3 | -1.6% | -58.7% |
| EPS (₹) | 0.03 | +0.0% | -50.0% |
| Operating margin | 10.9% | — | — |
📢 Recent Corporate Announcements
Smiths & Founders (India) Ltd shareholders have approved a significant amendment to the company's Memorandum of Association (MOA) to explicitly allow for mergers, acquisitions, and corporate restructuring. Additionally, the company secured approval for Mr. Suresh Shastry to continue as Chairman and Managing Director upon reaching 70 years of age. Mr. Shastry holds a 28.64% stake in the company and received ₹21.62 Lakhs in remuneration during FY 2025-26. These moves provide the legal framework for potential inorganic growth and ensure leadership continuity for the micro-cap forging firm.
- Approved insertion of Clause 3(B)(43) into the MOA to enable mergers, demergers, and acquisitions
- Continuation of Mr. Suresh Shastry as CMD approved as he reaches 70 years of age (DOB: 12/11/1956)
- CMD holds 2,92,06,953 equity shares, representing 28.64% of the total capital
- CMD remuneration for FY 2025-26 stood at ₹21.62 Lakhs, approximately 21% of FY25 PAT
- Mr. Shastry attended 6 out of 6 board meetings during the 2025-26 financial year
Smiths & Founders (India) Ltd has amended its Memorandum of Association (MOA) to include a specific clause enabling corporate restructuring, including mergers, acquisitions, and demergers. This provides the legal framework for potential inorganic growth or structural changes for the company, which currently operates on a small scale with TTM revenue of Rs 14 Cr. Additionally, shareholders approved the continuation of Mr. Suresh Shastry as Chairman and Managing Director beyond the age of 70. Mr. Shastry holds a 28.64% stake in the company and received a remuneration of Rs 21.62 Lakhs in FY 2025-26.
- New Clause 3(B)(43) added to MOA to permit mergers, demergers, and acquisitions both in India and abroad
- Continuation of Mr. Suresh Shastry as MD approved as he attains 70 years of age
- Mr. Suresh Shastry holds 2,92,06,953 shares, representing 28.64% of the company as of March 2026
- MD's last drawn remuneration for FY 2025-26 was Rs 21.62 Lakhs
- The company maintains a debt-free status with a net worth of Rs 21 Cr
Smiths & Founders (India) Ltd reported a flat performance for the quarter ended June 30, 2026. Revenue from operations stood at Rs 3.22 Cr, showing no growth compared to Rs 3.23 Cr in the same quarter previous year. Net profit remained nearly unchanged at Rs 25.58 Lakhs (Rs 0.26 Cr) versus Rs 26.39 Lakhs YoY. The company maintains its debt-free status with negligible finance costs of Rs 0.03 Lakhs for the quarter.
- Revenue from operations remained stagnant at Rs 3.22 Cr compared to Rs 3.23 Cr in Q1 FY26
- Net Profit for the quarter was Rs 25.58 Lakhs, a marginal 3% decline from Rs 26.39 Lakhs YoY
- Profit before tax (PBT) showed a slight improvement to Rs 34.20 Lakhs from Rs 32.04 Lakhs YoY
- Total expenses were well-contained at Rs 2.93 Cr, almost identical to the previous year's Rs 2.92 Cr
- Finance costs remained minimal at Rs 0.03 Lakhs, consistent with the company's zero-debt profile
Smiths & Founders (India) Ltd reported a flat performance for the quarter ended June 30, 2026, with revenue from operations at ₹3.22 crore, nearly identical to the ₹3.23 crore in the same quarter last year. Net profit remained stable at ₹0.26 crore (₹25.58 lakhs) compared to ₹0.26 crore (₹26.39 lakhs) YoY. Sequentially, revenue declined by 8.8% from ₹3.54 crore in the March 2026 quarter. The company maintains a debt-free status with negligible finance costs of just ₹0.03 lakhs for the quarter.
- Revenue from operations stood at ₹3.22 crore, representing a marginal 0.15% decline compared to ₹3.23 crore in Q1 FY26.
- Net profit for the quarter was ₹25.58 lakhs, a slight decrease from ₹26.39 lakhs in the corresponding previous year quarter.
- Total expenses were contained at ₹2.93 crore, showing minimal change from ₹2.92 crore in the year-ago period.
- Earnings Per Share (EPS) remained stagnant at ₹0.03 for the quarter.
- Finance costs remained exceptionally low at ₹0.03 lakhs, consistent with the company's zero-debt profile.
Smiths & Founders (India) Ltd has scheduled a board meeting for July 24, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing under Regulation 29 of SEBI (LODR) Regulations. The announcement comes amid a period of significant stock price appreciation, with the share price rising 104.5% over the last three months. Investors will be looking for fundamental performance to support these recent gains.
- Board meeting scheduled for July 24, 2026, to approve Q1 results
- Results pertain to the quarter ended June 30, 2026
- Stock has delivered a 104.5% price return over the last 3 months
- Stock has delivered a 115.5% price return over the last 6 months
- Intimation submitted on July 17, 2026, as per SEBI requirements
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