Gujarat Intrux Ltd (517372)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Gujarat Intrux's revenue was ₹14.1 Cr (+8.0% year on year, -25.6% on the previous quarter), and net profit ₹2.1 Cr (+9.5% year on year); the operating margin was 19.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹14.1 | +8.0% | -25.6% |
| Operating profit | ₹2.7 | +13.4% | -13.0% |
| Net profit | ₹2.1 | +9.5% | +7.9% |
| EPS (₹) | 6.22 | +9.5% | +8.0% |
| Operating margin | 19.4% | — | — |
📢 Recent Corporate Announcements
Gujarat Intrux Limited announced that shareholders approved the re-appointment of M/s M A A K & Associates, Chartered Accountants, as the Statutory Auditors at its 34th Annual General Meeting held on September 25, 2026. The auditor will hold office for the financial year 2026-27 until the conclusion of the 35th AGM. The firm holds Firm Registration No. 135024W and brings approximately 1.5 decades of experience in audit and assurance services. This is a routine governance update with no impact on the company's financial performance.
- Shareholders approved the re-appointment at the 34th AGM on September 25, 2026
- M/s M A A K & Associates re-appointed as Statutory Auditors for FY 2026-27 until the 35th AGM
- Auditor holds Firm Registration No. 135024W and Peer Review Certificate No. 017841
- Auditing firm has approximately 1.5 decades of professional experience based in Ahmedabad
Gujarat Intrux Limited announced that shareholders approved the re-appointment of M/s M A A K & Associates, Chartered Accountants, as the Statutory Auditors at its 34th Annual General Meeting held on September 25, 2026. The auditor will hold office for the financial year 2026-27 until the conclusion of the 35th AGM. The firm holds Firm Registration No. 135024W and brings approximately 1.5 decades of experience in audit and assurance services. This is a routine governance update with no impact on the company's financial performance.
- Shareholders approved the re-appointment at the 34th AGM on September 25, 2026
- M/s M A A K & Associates re-appointed as Statutory Auditors for FY 2026-27 until the 35th AGM
- Auditor holds Firm Registration No. 135024W and Peer Review Certificate No. 017841
- Auditing firm has approximately 1.5 decades of professional experience based in Ahmedabad
Gujarat Intrux Ltd has announced its 34th Annual General Meeting to be held on September 25, 2026. The company fixed September 18, 2026, as the record date and cut-off date for eligibility to receive a recommended final dividend of Rs 17.50 per equity share (175% on face value of Rs 10) for FY26. At the current market price of Rs 420.9, this translates to an attractive dividend yield of approximately 4.16%. The share transfer books will remain closed from September 19 to September 25, 2026.
- Recommended final dividend of Rs 17.50 (175%) per equity share of face value Rs 10 for FY26.
- Record date and cut-off date set as Friday, September 18, 2026.
- 34th AGM scheduled for Friday, September 25, 2026, via Video Conference.
- Remote e-voting window opens September 21, 2026 (10:00 AM) and closes September 24, 2026 (5:00 PM).
Gujarat Intrux Ltd has scheduled its 34th Annual General Meeting (AGM) for Friday, September 25, 2026, via video conferencing. The company fixed Friday, September 18, 2026, as the record date and cut-off date for eligibility to receive a recommended final dividend of ₹17.50 per share (175% of face value ₹10) for FY26. Remote e-voting will take place from September 21, 2026 (10:00 AM) to September 24, 2026 (5:00 PM). Based on the current market price of ₹420.90, the proposed dividend represents a dividend yield of approximately 4.16%.
- Final dividend recommended at ₹17.50 per equity share (175% on face value of ₹10) for FY26
- Record date and cut-off date fixed for Friday, September 18, 2026
- 34th AGM scheduled for Friday, September 25, 2026 at 11:00 AM IST via VC/OAVM
- Book closure from September 19, 2026 to September 25, 2026 (both days inclusive)
- Remote e-voting window open from September 21, 2026 (10:00 AM) to September 24, 2026 (5:00 PM)
Gujarat Intrux announced the resignation of Company Secretary & Compliance Officer Sagar Rajyaguru and appointed Kishor Madhubhai Kikani in his place, effective 23rd August, 2026. The Board also approved entering into a Power Purchase Agreement (PPA) with JP Power Solar Energy Private Limited for an 1120 KW solar power project. Additionally, the company set 18th September, 2026 as the record date for dividend payment and e-voting, with the 34th AGM scheduled for 25th September, 2026.
- Appointment of Kishor Madhubhai Kikani as CS & Compliance Officer w.e.f. 23rd August, 2026, replacing Sagar Rajyaguru.
- Approved entry into a Power Purchase Agreement (PPA) for an 1120 KW solar power project with JP Power Solar Energy.
- 34th Annual General Meeting convened for 25th September, 2026 via virtual/OAVM mode.
- Dividend payment and remote e-voting record date fixed for 18th September, 2026.
Gujarat Intrux Limited announced several board meeting outcomes on August 23, 2026, including the appointment of Mr. Kishor Madhubhai Kikani as Company Secretary & Compliance Officer following the resignation of Mr. Sagar Rajyaguru. The Board also approved entering into a Power Purchase Agreement (PPA) with JP Power Solar Energy Private Limited for a 1,120 KW solar power project to meet operational energy needs. Additionally, the company set September 18, 2026, as the record date for its upcoming dividend and scheduled the 34th Annual General Meeting for September 25, 2026.
- Approved Power Purchase Agreement (PPA) with JP Power Solar Energy Private Limited for a 1,120 KW solar power project
- Appointed Mr. Kishor Madhubhai Kikani (ACS 58545) as Company Secretary & Compliance Officer effective August 23, 2026
- Accepted resignation of CS Sagar Rajyaguru effective August 23, 2026, to pursue outside career opportunities
- Fixed September 18, 2026 as the Record Date for dividend payment and AGM e-voting
- Scheduled 34th Annual General Meeting for September 25, 2026 via video conferencing
Gujarat Intrux announced the outcome of its Board meeting held on August 23, 2026. The Board approved entering into a Power Purchase Agreement (PPA) with JP Power Solar Energy Private Limited for a 1120 KW solar power project to optimize energy costs. Additionally, the company scheduled its 34th AGM for September 25, 2026, and fixed September 18, 2026, as the record date for dividend payment and remote e-voting. Mr. Kishor Madhubhai Kikani was appointed as the new Company Secretary & Compliance Officer following the resignation of Mr. Sagar Rajyaguru.
- Approved entry into a Power Purchase Agreement (PPA) with JP Power Solar Energy Private Limited for a 1120 KW solar power project
- Fixed 18th September, 2026 as the record date for dividend payment and AGM remote e-voting
- Scheduled the 34th Annual General Meeting for Friday, 25th September, 2026
- Appointed Mr. Kishor Madhubhai Kikani as Company Secretary & Compliance Officer effective 23rd August, 2026
Gujarat Intrux reported a modest 7.98% YoY increase in revenue from operations to ₹14.07 Cr for the quarter ended June 30, 2026. Net profit rose 9.7% YoY to ₹2.14 Cr, resulting in an EPS of ₹6.22 compared to ₹5.67 in the previous year's quarter. However, the company saw a sharp sequential revenue decline of 25.6% from ₹18.91 Cr in Q4 FY26. A key concern is the auditor's 'Emphasis of Matter' regarding the management's certification of closing stock without providing a basis for calculation.
- Revenue from operations increased 7.98% YoY to ₹14.07 Cr.
- Net profit grew 9.7% YoY to ₹2.14 Cr from ₹1.95 Cr in Q1 FY26.
- Earnings Per Share (EPS) improved to ₹6.22 from ₹5.67 YoY.
- Total expenses stood at ₹11.74 Cr, with raw material costs at ₹8.85 Cr.
- Auditor highlighted that closing stock was certified by management only, without a provided basis of calculation.
Gujarat Intrux reported a steady start to FY27 with Q1 Net Profit rising 9.7% YoY to ₹2.14 Cr. Revenue from operations grew 8% YoY to ₹14.07 Cr, although it faced a sharp sequential decline of 25.6% from the March 2026 quarter. Profitability remained stable with EPS increasing to ₹6.22 from ₹5.67 YoY. Notably, the statutory auditor included an 'Emphasis of Matter' regarding the management's certification of closing stock without independent verification of the calculation basis.
- Net Profit for Q1 FY27 stood at ₹2.14 Cr, a 9.7% increase from ₹1.95 Cr in Q1 FY26.
- Revenue from operations reached ₹14.07 Cr, up 8% YoY but down 25.6% from ₹18.91 Cr in the preceding quarter.
- Earnings Per Share (EPS) improved to ₹6.22 compared to ₹5.67 in the same period last year.
- Total expenses for the quarter were ₹11.74 Cr, with material costs accounting for ₹8.85 Cr.
- The company maintains a debt-free balance sheet with a zero debt-to-equity ratio as per latest context.
Gujarat Intrux Ltd has scheduled a board meeting on July 28, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company, which has a market cap of Rs 149 Cr, reported a revenue of Rs 18.91 Cr in the preceding quarter (March 2026) and Rs 13.03 Cr in the same quarter last year (June 2025). The trading window for insiders has been closed since July 1, 2026, and will reopen 48 hours after the results are declared. Investors will be monitoring if the company can sustain its 20.3% operating profit margin amidst global economic fluctuations.
- Board meeting scheduled for July 28, 2026, to approve Q1 FY27 results
- Trading window closed from July 1, 2026, until 48 hours after the meeting
- Previous year's corresponding quarter (June 2025) revenue was Rs 13.03 Cr
- Company maintains a zero-debt status with a net worth of Rs 65 Cr
- Export segment represents 40.02% of total revenue, making results sensitive to global conditions
Financial Performance
Revenue Growth by Segment
The company achieved a 19.77% growth in export sales during FY 2024-25. Domestic segment growth figures were not explicitly disclosed in the provided documents.
Geographic Revenue Split
Export revenue accounted for 40.02% of the total turnover in FY 2024–25, with the remaining 59.98% presumably coming from domestic operations.
Profitability Margins
Specific gross and net margins are not disclosed; however, the company reported a CSR obligation of INR 15,00,500, which implies a three-year average net profit of approximately INR 7.50 Cr based on the 2% statutory requirement.
Operational Drivers
Raw Materials
Specific raw material names are not listed, but the presence of a 'Melting Incharge' and 'Pattern Shop' indicates the use of metal alloys or scrap for casting production.
Capacity Expansion
Current installed capacity is not specified; however, the company operates a Machine Shop, Pattern Shop, and Melting unit at its Shapar, Rajkot facility.
Strategic Growth
Expected Growth Rate
19.77%
Growth Strategy
The company is focusing on international market expansion by participating in global exhibitions and leveraging its reputation for product reliability. It currently exports to six countries: Germany, Israel, USA, UK, Spain, and Finland, and aims to explore emerging markets through a dedicated marketing team.
Products & Services
Industrial castings and machined components, supported by in-house departments for Melting, Quality Control, Pattern Shop, and Machine Shop.
Brand Portfolio
Gujarat Intrux Limited.
Market Expansion
Targeting increased penetration in the USA, UK, and European markets (Germany, Spain, Finland) through consistent performance and international exhibition participation.
External Factors
Industry Trends
The industry is seeing a shift toward higher transparency and ethical governance to build investor and customer confidence; Gujarat Intrux is positioning itself by emphasizing its 33-year legacy and compliance with SEBI (LODR) regulations.
Competitive Landscape
The company competes in the global casting and engineering sector, though specific competitor names were not provided.
Competitive Moat
The company's moat is built on its long-term customer relationships and a strong governance framework, which are sustainable but subject to competitive pressures in the global casting market.
Macro Economic Sensitivity
High sensitivity to global economic conditions and domestic tax structures, which can impact the competitiveness of export pricing.
Consumer Behavior
Increasing demand for ethical corporate behavior and fiscal accountability from global vendors.
Geopolitical Risks
Exposure to geopolitical instability in export destinations such as Israel and trade policy shifts in the USA and UK.
Regulatory & Governance
Industry Regulations
Compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, including maintaining a board with 50% independent directors.
Environmental Compliance
The company spent INR 15,01,000 on CSR activities, specifically targeting the healthcare and education sectors, exceeding the statutory requirement of INR 15,00,500.
Taxation Policy Impact
Subject to domestic and global tax structures; changes in these could impact the 40.02% export revenue margin.
Risk Analysis
Key Uncertainties
Uncertainties include changes in global demand-supply dynamics and potential shifts in government regulations that could impact operational costs.
Geographic Concentration Risk
40.02% of revenue is concentrated in six international markets: Germany, Israel, USA, UK, Spain, and Finland.
Third Party Dependencies
Dependency on M/s. MUFG Intime India Private Limited for registrar and share transfer services.
