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Cranex Ltd (522001)

📊 BSE: 522001 🏢 Industrial Products 📢 Latest filing: 08 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Cranex's revenue was ₹9.9 Cr (+10.2% year on year, -54.8% on the previous quarter), and net profit ₹0.3 Cr (+34.9% year on year); the operating margin was 7.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹9.9	+10.2%	-54.8%
Operating profit	₹0.7	-1.6%	-63.9%
Net profit	₹0.3	+34.9%	-72.6%
EPS (₹)	0.42	+13.5%	-76.7%
Operating margin	7.0%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Cranex Wins Rs 1.07 Cr Order from South Central Railway for EOT Crane

🟢 POSITIVE ⭐ 5/10

OTHER 📅 08 Oct 2026, 12:56 PM

Cranex Limited has received a Letter of Award (LOA) valued at approximately Rs 1.07 crore (Rs 1,06,81,360) from South Central Railway, Vijayawada. The domestic contract covers the manufacture, supply, commissioning, and testing of a 25/5T EOT Crane. The project is scheduled for completion by May 20, 2027. Relative to Cranex's TTM revenue of Rs 56 crore, this order represents approximately 1.9%, making it modest in overall scale.

Received Letter of Award valued at approximately Rs 1,06,81,360
Contract awarded by South Central Railway, Vijayawada, Andhra Pradesh
Scope covers manufacture, supply, commissioning, and testing of a 25/5T EOT Crane
Execution timeline scheduled up to May 20, 2027

💡 Track execution progress and revenue recognition leading up to the May 2027 deadline, along with overall order book additions in upcoming quarterly results.

Cranex Wins Rs 7.17 Cr Orders from BHEL and DEE VEE Projects (~13% of TTM Revenue)

🟢 POSITIVE ⭐ 7/10

OTHER 📅 23 Sep 2026, 12:53 PM

Cranex Limited has secured a Letter of Award (LOA) and Purchase Order (PO) totaling approximately Rs 7.17 Crores. The package includes an LOA worth Rs 1.33 Crores from BHEL for a Double Girder EOT Crane for the Chanju Stage III HEP, and a PO worth Rs 5.84 Crores from DEE VEE Projects Limited for 6 material handling systems. The total order value represents approximately 12.8% of Cranex's TTM revenue of Rs 56 Crores, providing meaningful near-term revenue visibility. Execution will proceed according to the stipulated terms in the respective awards.

Aggregated order win of approximately ₹7.17 Crores from two clients
LOA from BHEL valued at ₹1.33 Crores (approx.) for Double Girder EOT Crane up to 100T package
PO from DEE VEE Projects Limited valued at ₹5.84 Crores (approx.) for 6 material handling systems including erection & commissioning
Order size constitutes ~12.8% of the company's TTM revenue of ₹56 Crores

💡 Track execution timeliness and revenue recognition in upcoming quarterly prints, particularly given Cranex's historical quarterly revenue base of around ₹10-13 Crores.

Cranex bags ₹7.18 Cr orders from BHEL and DEE VEE Projects (~13% of TTM revenue)

🟢 POSITIVE ⭐ 7/10

OTHER 📅 22 Sep 2026, 02:55 PM

Cranex Limited has secured two domestic orders aggregating to approximately ₹7.18 Cr for the manufacture and supply of cranes and material handling systems. The first order of ₹1.33 Cr is from BHEL Chanjuji for a Double Girder EOT Crane package, to be executed by February 14, 2027. The second order of ₹5.84 Cr is from DEE VEE Projects Limited for 6 material handling systems, to be executed by May 17, 2027. Together, these orders represent about 12.8% of the company's TTM revenue of ₹56 Cr.

Total order value received aggregates to ₹7,17,78,560
₹1,33,42,600 order from BHEL Chanjuji for Double Girder EOT Crane upto 100T Package
₹5,84,35,960 order from DEE VEE Projects Limited for 6 material handling systems
Execution deadlines set for 14th February 2027 (BHEL) and 17th May 2027 (DEE VEE Projects)

💡 Track execution milestones and revenue recognition across Q3/Q4 FY27, along with operating margin trajectory to see if 8% OPM holds on these contracts.

Cranex Releases FY26 Annual Report; 51st AGM Scheduled for Sept 29, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 03:25 PM

Cranex Ltd has submitted its 51st Annual Report for FY2025-26 and scheduled its 51st Annual General Meeting for September 29, 2026, via video conferencing. In the report, the Chairman highlighted a 24.02% growth in profit for FY26, driven by focus on high-capacity EOT cranes. The company highlighted ongoing exposure to Railways, Defence, and Power sectors with manufacturing capabilities up to 220 tonnes crane capacity.

51st Annual General Meeting scheduled for September 29, 2026 at 12:30 PM
Reported 24.02% increase in profit for FY 2025-26 as stated in Chairman's address
Maintains manufacturing capability to supply cranes of up to 220 tonnes capacity
Key customer exposure includes Indian Railways (ICF, PLW, MCF), BHEL, L&T, and Vedanta

💡 Shareholders can review the comprehensive annual disclosures and audit notes ahead of AGM voting on September 29, 2026.

Cranex secures ₹1.87 Cr order from Eastern Railway for 80-ton traverser

🟢 POSITIVE ⭐ 5/10

ROUTINE 📅 27 Aug 2026, 05:24 PM

Cranex Ltd has received a Letter of Award (LOA) valued at approximately ₹1.87 crore from Eastern Railway, C.W.M. Liluah. The scope of the domestic contract covers the manufacture, supply, installation, and commissioning of an 80-ton surface-type traverser. The order represents roughly 3.3% of Cranex's TTM revenue of ₹56 crore and is scheduled for execution by May 25, 2027.

Order value is approximately ₹1,87,44,300 (₹1.87 Cr) from Eastern Railway, Liluah
Scope covers supply, installation, and commissioning of Traverser (Surface Type) - 80 TON
Execution deadline is set for 25th May 2027
Order size represents ~3.3% of TTM revenue of ₹56 Cr

💡 Monitor order execution and timely milestone billing through subsequent quarterly financials ahead of the May 2027 deadline.

Cranex Secures ₹1.02 Cr Order from North Central Railway for 50T EOT Crane

🟢 POSITIVE ⭐ 5/10

OTHER 📅 19 Aug 2026, 03:00 PM

Cranex Ltd has received a Letter of Award (LOA) valued at approximately ₹1.02 crore from North Central Railway, Jhansi. The domestic contract entails the manufacture and supply of a 50T EOT Crane along with concomitant accessories. The order has an execution timeline extending up to February 17, 2028. Relative to Cranex's TTM revenue of ₹56 crore, the contract size is modest at approximately 1.8%.

Order value of approximately ₹1,02,15,850 (₹1.02 crore)
Awarded by domestic government entity North Central Railway, Jhansi
Scope comprises manufacturing and supply of 50T EOT Crane with concomitant accessories
Contract execution scheduled for completion by 17th February, 2028
Transaction is not a related-party deal

💡 Track execution progress and billing milestones for this railway order along with overall order book additions in upcoming quarterly results.

Cranex Ltd Re-appoints Internal Auditor for FY 2026-27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 06:28 PM

Cranex Ltd has announced the re-appointment of M/s. Amit R Aggarwal & Associates as the company's Internal Auditor for the financial year 2026-27. The appointment was approved by the Board of Directors during their meeting on August 13, 2026, following a recommendation from the Audit Committee. This is a standard procedural filing under SEBI (LODR) Regulations. The company, which has a market capitalization of Rs 62 crore, continues its existing internal audit arrangement.

Re-appointment of M/s. Amit R Aggarwal & Associates as Internal Auditor for the full financial year 2026-27.
Board approval granted on August 13, 2026, effective immediately for the current fiscal year.
The audit firm provides a range of services including statutory, internal, and tax audits, as well as management consultancy.
Company maintains a TTM revenue base of Rs 55 crore and a debt-to-equity ratio of 0.79.

💡 This is a routine administrative update with no direct impact on business operations or financials. Investors should continue to monitor quarterly performance, specifically the operating profit margin which stood at 8.2% in FY26.

₹11.09 Cr Fundraise: Cranex Ltd Reports Zero Deviation in Utilization for Q1 FY27

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 13 Aug 2026, 06:22 PM

Cranex Ltd has confirmed the full utilization of ₹11.09 crore raised through the conversion of convertible warrants on April 24, 2026. The funds were deployed across three key areas: ₹2.50 crore for business expansion, ₹5.59 crore for working capital, and ₹3.00 crore for general corporate purposes. The company reported zero deviation or variation from the intended objects for the quarter ended June 30, 2026. This filing provides transparency on how the company is using its recently raised capital to strengthen its balance sheet and growth prospects.

Total funds of ₹11,09,25,000 were raised via warrant conversion on April 24, 2026.
₹2,50,25,000 was utilized for business expansion requirements.
₹5,59,00,000 was deployed for working capital to strengthen the financial position.
₹3,00,00,000 was allocated to general corporate purposes.
The Audit Committee confirmed zero deviation in fund usage for the quarter ended June 30, 2026.

💡 Investors should monitor upcoming quarterly earnings to see if the ₹2.50 crore expansion capex and ₹5.59 crore working capital infusion lead to improved revenue throughput or better liquidity ratios.

Cranex Ltd Approves Q1 FY27 Results and Re-appoints Internal Auditor

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 13 Aug 2026, 06:04 PM

Cranex Ltd concluded its board meeting on August 13, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also confirmed the re-appointment of M/s. Amit R Aggarwal & Associates as Internal Auditors for the 2026-27 financial year. This follows a fiscal year (FY26) where the company reported a revenue of Rs 55.37 Cr and a net profit of Rs 2.41 Cr. Investors should note the company's small-cap status with a market capitalization of Rs 62 Cr and a debt-to-equity ratio of 0.79.

Board approved unaudited financial results for the first quarter ended June 30, 2026
Re-appointed M/s. Amit R Aggarwal & Associates as Internal Auditor for FY 2026-27
The board meeting was conducted over a 2-hour duration from 3:00 P.M. to 5:00 P.M.
Company reported TTM revenue of Rs 55 Cr and TTM PAT of Rs 2 Cr prior to this announcement
Promoter holding remained stable at 47.7% as of June 2026

💡 Review the detailed Q1 FY27 financial tables to assess if the operating profit margin (OPM), which stood at 8.2% in FY26, shows any signs of expansion or contraction.

Cranex Ltd Board Meeting on August 13, 2026, to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 06 Aug 2026, 12:47 PM

Cranex Ltd has scheduled a board meeting for August 13, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is coming off a strong March 2026 quarter where it reported revenue of ₹21.91 cr, nearly double the previous quarter's ₹11.12 cr. With a small market cap of ₹63 cr and TTM PAT of ₹2 cr, these quarterly results are significant for tracking the sustainability of recent growth. The trading window for insiders remains closed until 48 hours after the results are declared.

Board meeting scheduled for August 13, 2026, at 3:00 P.M.
Focus on unaudited financial results for the first quarter ended June 30, 2026.
Trading window remains closed until 48 hours after the results announcement.
Company reported a TTM revenue of ₹55 cr and TTM PAT of ₹2 cr.
Q4 FY26 revenue stood at ₹21.91 cr, representing approximately 40% of total FY26 revenue.

💡 Monitor the results on August 13 to evaluate if the high revenue run-rate achieved in Q4 FY26 (₹21.91 cr) is maintained in Q1 FY27.

₹16.03 Cr Order Win: Cranex Ltd Secures Major Contracts from BHEL and NHPC

🟢 POSITIVE ⭐ 8/10

OTHER 📅 21 Jul 2026, 11:50 AM

Cranex Ltd has received Letters of Award (LOAs) for two significant orders totaling ₹16.03 Crores from BHEL and NHPC Limited. The BHEL contract (₹10.87 Cr) involves supplying EOT Cranes for the Sunni Dam Hydro Electric Project, while the NHPC contract (₹5.16 Cr) is for the refurbishment of cranes at Chamera Power Station. This combined order value represents approximately 29.1% of the company's TTM revenue of ₹55 Crores, providing strong revenue visibility. As a micro-cap company with a ₹55 Cr market cap, these PSU wins validate its technical capabilities in the heavy engineering sector.

Total order value of ₹16.03 Crores from two major PSUs, BHEL and NHPC Limited.
BHEL order worth ₹10.87 Crores for manufacturing and supply of EOT Cranes above 100T.
NHPC order worth ₹5.16 Crores for the upgradation and refurbishment of two 190/30/10 MT EOT Cranes.
The combined order value is equivalent to ~29.1% of the company's total TTM revenue of ₹55 Crores.
Orders involve mission-critical infrastructure projects (Sunni Dam and Chamera Power Station).

💡 Investors should monitor the execution timeline for these projects and the impact on operating margins in upcoming quarters, particularly the refurbishment contract which may have different cost structures than new manufacturing.

₹5.16 Cr Order Win from NHPC for Crane Refurbishment

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 20 Jul 2026, 03:59 PM

Cranex Ltd has secured a domestic order worth ₹5.16 crore from NHPC Limited for the upgradation and refurbishment of two heavy-duty EOT cranes at Chamera Power Station Stage-I. This order represents approximately 9.4% of the company's TTM revenue of ₹55 crore, providing significant revenue visibility for the current fiscal year. The project is scheduled for completion by January 14, 2027. For a micro-cap company with a ₹55 crore market cap, securing contracts from major PSUs like NHPC validates its technical capabilities in the industrial products segment.

Order value of approximately ₹5,16,40,000 (₹5.16 crore) from NHPC Limited.
Scope involves the upgradation and refurbishment of 02 Nos. 190/30/10 MT Electric Overhead Traveling (EOT) Cranes.
Execution timeline is set for completion by 14th January, 2027.
Order size constitutes ~9.4% of the company's TTM revenue of ₹55 crore.

💡 Investors should monitor the company's execution progress toward the January 2027 deadline and observe if this refurbishment work leads to higher operating margins compared to standard manufacturing.

₹10.87 Cr Order Win from BHEL for Heavy-Duty EOT Cranes

🟢 POSITIVE ⭐ 7/10

OTHER 📅 18 Jul 2026, 04:39 PM

Cranex Ltd has secured a domestic order worth approximately ₹10.87 crore from BHEL PEM for the Sunni Dam Hydro Electric Project. The contract involves the manufacture and supply of heavy-duty D/G EOT cranes with a capacity exceeding 100 tonnes. The project is scheduled for completion by April 12, 2027, providing revenue visibility for the upcoming quarters. This win from a major PSU like BHEL reinforces the company's position in the high-capacity heavy machinery segment.