Tamboli Industries Ltd (533170)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Tamboli Industries' revenue was ₹18.4 Cr (+10.3% year on year, -19.0% on the previous quarter), and net profit ₹2.1 Cr (+64.7% year on year); the operating margin was 20.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹18.4 | +10.3% | -19.0% |
| Operating profit | ₹3.7 | +70.3% | -36.4% |
| Net profit | ₹2.1 | +64.7% | -49.0% |
| EPS (₹) | 2.11 | +64.8% | -48.9% |
| Operating margin | 20.3% | — | — |
📢 Recent Corporate Announcements
Tamboli Industries Limited's wholly owned subsidiary, Tamboli Castings Limited (TCL), has been selected for a long-term supply programme by a Fortune 100 global OEM in off-highway equipment and advanced mobility solutions. The programme covers 50+ precision-engineered components, with initial development orders already received. Upon full commercial transition over the next 2-3 years, the programme offers an estimated recurring annual revenue potential of approximately ₹20 crore, which represents roughly 24.4% of Tamboli's TTM revenue of ₹82 crore.
- Recurring annual revenue potential of approximately ₹20 crore upon full commercial transition
- Scope encompasses development and phased supply of over 50 precision-engineered components
- Commercial production transition anticipated over approximately 2-3 years
- Potential ₹20 crore annual value represents ~24.4% of consolidated TTM revenue of ₹82 crore
Tamboli Industries reported a consolidated revenue of ₹18.43 Cr for Q1 FY27, marking a 10.3% growth compared to ₹16.71 Cr in the same quarter last year. Net profit (PAT) saw a significant jump of 64.3% YoY to ₹2.09 Cr, up from ₹1.27 Cr, indicating improved operational efficiency. However, on a sequential basis (QoQ), revenue declined by 19% from ₹22.75 Cr in Q4 FY26, and PAT fell from ₹4.10 Cr. The manufacturing segment remains the core driver, contributing ₹17.87 Cr to the total revenue.
- Consolidated Revenue for Q1 FY27 stood at ₹18.43 Cr, a 10.3% increase over Q1 FY26 (₹16.71 Cr)
- Net Profit (PAT) grew 64.3% YoY to ₹2.09 Cr from ₹1.27 Cr in the previous year's corresponding quarter
- Manufacturing segment PBIT (Profit Before Interest and Tax) reached ₹2.55 Cr on segment revenue of ₹17.87 Cr
- Profit Before Tax (PBT) increased 65.6% YoY to ₹2.82 Cr compared to ₹1.70 Cr in Q1 FY26
- Total Segment Assets grew to ₹135.79 Cr as of June 30, 2026, compared to ₹131.48 Cr a year ago
Tamboli Industries reported a strong year-on-year performance for Q1 FY27, with consolidated net profit rising 64.6% to ₹2.09 Cr compared to ₹1.27 Cr in the same quarter last year. Revenue from operations grew 10.3% YoY to ₹18.43 Cr, primarily driven by the manufacturing segment. However, the company saw a sequential (QoQ) decline, with revenue falling 19% from ₹22.75 Cr in March 2026. The company maintains a clean balance sheet with zero financial indebtedness reported as of June 30, 2026.
- Consolidated Net Profit increased by 64.6% YoY to ₹2.09 Cr from ₹1.27 Cr.
- Revenue from operations grew 10.3% YoY to ₹18.43 Cr, though it declined 19% sequentially.
- Manufacturing segment contributed ₹17.87 Cr, accounting for 97% of total segment revenue.
- Profit Before Tax (PBT) rose 65.6% YoY to ₹2.82 Cr from ₹1.70 Cr.
- Total financial indebtedness reported as NIL as of June 30, 2026.
Tamboli Industries has announced its 18th Annual General Meeting (AGM) will be held on August 27, 2026, via video conferencing. The company has fixed August 19, 2026, as the record date for determining shareholder eligibility for the dividend. Remote e-voting is scheduled from August 24 to August 26, 2026, with a voting cut-off date of August 20, 2026. This is a standard procedural filing following the company's recent growth in the aerospace and railway sectors.
- 18th Annual General Meeting scheduled for August 27, 2026, at 3:00 PM IST
- Record date for dividend eligibility fixed as August 19, 2026
- Book closure period set from August 20, 2026, to August 26, 2026
- Remote e-voting window opens August 24, 2026 (9:00 AM) and closes August 26, 2026 (5:00 PM)
- Cut-off date for determining voting rights is August 20, 2026
Tamboli Industries has published its FY25-26 Annual Report, detailing its strategic pivot toward the Indian Aerospace and Railway sectors to mitigate the European economic slowdown. The company recognized an exceptional expense of ₹59.78 lacs due to adjustments required by the New Labour Codes. Operationally, the company is leveraging its 600 TPA capacity and 43+ CNC machines to serve as a Tier-1 supplier for the Amrit Bharat Express. The amalgamation of its step-down subsidiaries into Tamboli Castings Limited is now complete, simplifying the corporate structure.
- Recognized an exceptional item of ₹59.78 lacs related to long-term employee benefits under the New Labour Codes
- Maintains a production capacity of 600 TPA with a focus on robotic automation and 3D prototyping
- Operates a high-precision machine shop with 43+ CNC machines from Mazak (Japan) and DMG (Germany)
- Workforce comprises 500+ employees, including a specialized team of 45+ engineers
- Amalgamation of Tamboli Metaltech and Tamboli Profiles into Tamboli Castings Limited finalized to streamline operations
Tamboli Industries Ltd has announced that its Board of Directors will meet on Friday, July 31, 2026. The primary agenda is to consider and approve the unaudited quarterly financial results for the period ending June 30, 2026. This is a routine regulatory filing as per SEBI (LODR) Regulations, 2015. Investors should look for the actual financial performance data to be released following this meeting.
- Board meeting scheduled for July 31, 2026
- Agenda includes approval of Un-audited Quarterly Financial Results
- Intimation provided to the exchange on July 10, 2026
- Meeting pertains to the first quarter of the 2026-27 financial year
Financial Performance
Revenue Growth by Segment
Manufacturing is the core segment contributing 94% of total income. Total income for FY25 was ₹70.3 crore, reflecting an 8% year-on-year decline from ₹76.3 crore in FY24, primarily due to an economic slowdown in Europe.
Geographic Revenue Split
Europe is the principal export market, currently experiencing a slowdown. The company is actively expanding its domestic presence in India to counter export challenges, though specific regional percentage splits are not disclosed.
Profitability Margins
EBITDA margins improved from 20% in FY24 to 23% in FY25. PAT margins increased from 10% in FY24 to 11% in FY25. Net Profit Ratio was reported at 53.87% for FY25 compared to 50.96% in FY24.
EBITDA Margin
EBITDA margin stood at 23% in FY25, a 300 bps improvement YoY. Absolute EBITDA grew 5% to ₹15.9 crore from ₹15.2 crore in FY24, driven by operational excellence despite lower revenue.
Capital Expenditure
Cash used in investing activities was ₹7.0 crore in FY24, up from ₹5.1 crore in FY23. This included the commissioning of a 1 MW solar power plant for captive consumption.
Credit Rating & Borrowing
The company is virtually debt-free with a debt-to-equity ratio of 0.0. Interest costs were minimal at ₹0.2 crore in FY24, though they rose 158% YoY in 9MFY25 to ₹0.41 crore.
Operational Drivers
Raw Materials
Metals and alloys used for investment casting (Feinguss) and machining. Specific material names and cost percentages are not disclosed in available documents.
Capacity Expansion
Current production capacity is 600 TPA. The company is focusing on robotic automation and 3D prototyping to enhance manufacturing capabilities.
Raw Material Costs
Total operating expenses were ₹60.9 crore in FY24. Specific raw material cost as a percentage of revenue is not disclosed.
Manufacturing Efficiency
Capacity utilization metrics are not disclosed, but the company utilizes robotic automation and IoT-enabled sensors for waste reduction and smart energy management.
Strategic Growth
Growth Strategy
Growth will be driven by entry into the Railways and Locomotive sector (Amrit Bharat Express project), expansion in the Aerospace sector (ISRO partnership), and the amalgamation of step-down subsidiaries (Tamboli Profiles and Tamboli Metaltech) to optimize costs and operational synergies.
Products & Services
Fully machined precision investment casting components (Feinguss) ranging from 10 grams to 80 kilograms for Pneumatic & Automation, Pumps, Valves, Turbo Parts, General Engineering, Automobile, and Aerospace.
Brand Portfolio
Tamboli Castings, Tamboli Industries.
New Products/Services
Tier-1 supplies for the Amrit Bharat Express train project for Indian Railways; aerospace components showcased at IAC 2024 in Milan.
Market Expansion
Targeting the Indian domestic market to offset European slowdown; strengthening presence in the global aerospace and locomotive supply chains.
Strategic Alliances
Invited by ISRO as one of 12 Indian companies to participate in the International Astronautical Congress (IAC) 2024.
External Factors
Industry Trends
The investment casting industry is evolving toward higher precision and sustainable manufacturing. Tamboli is positioning itself via green energy (solar) and high-tech applications in Aerospace and Railways.
Competitive Landscape
Competes in the global investment casting and machining sector; sole representative from its sector at IAC 2024.
Competitive Moat
Durable advantages include 'Star Export House' status, specialized Feinguss technology, and being the sole representative from the casting sector invited by ISRO for IAC 2024, indicating high technical barriers to entry.
Macro Economic Sensitivity
High sensitivity to European industrial production and global economic activity; revenue declined 8% in FY25 due to European slowdown.
Consumer Behavior
Shift toward sustainable and eco-conscious manufacturing processes among global elite clients.
Geopolitical Risks
Macroeconomic headwinds from geopolitical tensions and uncertainties arising from recent U.S. tariff policies.
Regulatory & Governance
Industry Regulations
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015; subject to international manufacturing standards for aerospace and automotive components.
Environmental Compliance
Commissioned 1 MW solar plant; recipient of the CII National Best Practices Award for sustainability efforts.
Risk Analysis
Key Uncertainties
Sluggish industrial production in Europe and U.S. tariff policy changes pose risks to the 94% manufacturing revenue base.
Geographic Concentration Risk
High concentration in Europe; domestic market expansion is the primary mitigation strategy.
Third Party Dependencies
Dependency on a few select large MNC conglomerates for a diversified revenue base.
Technology Obsolescence Risk
Mitigated by investments in robotic automation and 3D prototyping.
Credit & Counterparty Risk
Trade receivables stood at ₹18.42 crore in FY24, up from ₹10.5 crore in FY23, indicating increased credit exposure.
