Admach Systems Ltd (544669)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Admach Systems' revenue was ₹40.0 Cr (+25.0% year on year, +42.9% on the previous half-year), and net profit ₹6.0 Cr (+50.0% year on year); the operating margin was 15.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹40.0 | +25.0% | +42.9% |
| Operating profit | ₹6.0 | +0.0% | -14.3% |
| Net profit | ₹6.0 | +50.0% | +50.0% |
| EPS (₹) | 8.18 | -3.5% | -8.9% |
| Operating margin | 15.0% | — | — |
📢 Recent Corporate Announcements
Admach Systems Limited has secured a purchase order valued at ₹791.80 lakh (₹7.92 crore, inclusive of GST) from a listed domestic steel company. The order covers the supply of processing and non-destructive testing (NDT) equipment for steel bars. With this new intake, the company's total order book stands at ₹76.25 crore (inclusive of GST). Relative to FY26 annual revenue of ₹69 crore, this single order represents approximately 11.5%, while the total order book provides visibility of over 1.1x annual revenue.
- Received domestic purchase order worth ₹791.80 lakh (including GST)
- Customer is a renowned listed domestic player in the steel industry
- Current total order book stands at ₹76.25 crore (including GST)
- Scope comprises Processing and Non-Destructive Testing (NDT) Equipment for Steel Bars
Admach Systems has received a purchase order valued at ₹791.80 lakhs (₹7.92 crore, inclusive of GST) from a listed domestic steel company. The contract is for supplying Processing and Non-Destructive Testing (NDT) Equipment for steel bars, to be executed within 26 weeks. This order represents approximately 6.5% of the company's TTM revenue of ₹122 crore. With this win, the company's total order book stands at ₹76.25 crore (with GST).
- Received purchase order valued at ₹791.80 lakhs (with GST) from a listed domestic steel company
- Scope involves supply of Processing and Non-Destructive Testing (NDT) Equipment for Steel Bars
- Execution timeline set at 26 weeks from the date of the purchase order
- Current total order book stands at ₹76.25 Crores (with GST)
- Commercial terms include 20% advance against bank guarantee and 70% against inspection/proforma invoice
Admach Systems Limited has secured a domestic purchase order worth ₹53.10 lakh (inclusive of GST) for a complete Non-Destructive Testing (NDT) machine setup. With this win, the company's total order book reaches ₹69.04 crore, which represents approximately 56.6% of its TTM revenue of ₹122 crore. The contract features staged payment terms of 25%, 65%, and 10%.
- Received domestic purchase order worth ₹53.10 lakh including GST for complete NDT machine setup
- Current total order book stands at ₹69.04 crore including GST
- Order payment terms structured as 25% / 65% / 10%
- In FY26, the company reported revenue of ₹6,890.99 lakh (₹68.91 cr) and PAT of ₹1,001.28 lakh (₹10.01 cr)
Admach Systems Limited has secured a domestic purchase order valued at ₹53.10 lakhs (inclusive of GST) for the supply of a complete non-destructive testing (NDT) machine setup. The execution period is set for 13 weeks from the purchase order date, with payment terms structured across advance, dispatch, and installation phases. The order represents a modest ~0.4% of the company's TTM revenue of ₹122 crore. With this addition, the company's total order book stands at ₹69.04 crore (inclusive of GST).
- Received purchase order valued at ₹53.10 lakhs (with GST) from a domestic NDT client
- Total current order book stands at ₹69.04 Crores (with GST)
- Execution timeline specified at 13 weeks from the PO date
- Commercial payment terms: 25% advance, 65% on dispatch, and 10% post installation & commissioning
Admach Systems conducted its 18th Annual General Meeting on September 28, 2026, marking its first AGM since listing on the BSE SME platform on December 31, 2025. In his address, the Chairman highlighted an existing order book of approximately ₹65 crore, which represents about 53% of its TTM revenue of ₹122 crore. Ordinary resolutions placed for voting included the adoption of FY26 financial statements and the routine re-appointment of retiring Executive Director Mr. Mahesh Longani. The company confirmed no dividend was recommended for FY 2025-26.
- AGM proceedings concluded with 8 members attending via VC/OAVM on September 28, 2026
- Chairman reported an order book standing at approximately ₹65 crore
- First AGM following the company's listing on BSE SME Platform on December 31, 2025
- Put to vote the re-appointment of Executive Director Mr. Mahesh Longani, who retires by rotation
- No dividend recommended for FY 2025-26
Admach Systems Limited has successfully completed a ₹10.62 crore mission-critical project for the Nuclear Fuel Complex (NFC), Hyderabad, ahead of its October 15, 2026 deadline. The project involved Nuclear Fuel Flow Control Systems, awarded on December 30, 2025. The completed contract represents approximately 8.7% of the company's TTM revenue (₹122 crore) and 15.4% of FY26 revenue (₹68.91 crore). Successful early delivery solidifies the company's execution track record in the high-barrier atomic energy and nuclear sector.
- Order value: ₹10.62 Crore, including GST
- End user: Nuclear Fuel Complex (NFC), Hyderabad – Department of Atomic Energy
- PO received on December 30, 2025, and completed on September 22, 2026 ahead of the October 15, 2026 deadline
- FY26 base context: Admach reported revenue of ₹68.91 crore and PAT of ₹10.01 crore
Admach Systems Limited has submitted its Annual Report for FY2025-26 and completed electronic dispatch of the notice convening its 18th Annual General Meeting (AGM), scheduled for September 28, 2026. The company reported an administrative delay of 3 days in filing the intimation with the exchange, citing a clerical tracking error. In the financial notes, the company highlighted a zero Debt-Equity ratio (down from 0.48 in FY25) following debt repayment, and a Current Ratio increase to 3.36 from 1.52.
- 18th AGM scheduled for Monday, September 28, 2026 via Video Conferencing
- Cut-off date fixed as September 21, 2026 for voting rights
- Electronic dispatch completed on August 27, 2026, with an acknowledged 3-day filing delay to the exchange
- Debt-to-Equity ratio reduced to 0.00 in FY26 compared to 0.48 in FY25 due to complete debt repayment
- Current ratio strengthened to 3.36 as of March 31, 2026 from 1.52 in FY25
Admach Systems Limited has issued the notice for its 18th Annual General Meeting (AGM), scheduled for Monday, September 28, 2026, via video conferencing. The cut-off date for determining voting rights is September 21, 2026. Key agenda items include adopting the FY26 audited standalone financial statements and the re-appointment of director Mr. Mahesh Longani. The company also noted a 3-day administrative delay in submitting the exchange intimation following the dispatch of reports on August 27, 2026.
- 18th AGM scheduled to be held on September 28, 2026, at 03:00 PM IST via VC/OAVM
- Voting eligibility cut-off date fixed as September 21, 2026
- Electronic dispatch of FY26 Annual Report and AGM Notice completed on August 27, 2026
- Company disclosed and sought condonation for a 3-day administrative delay in exchange filing
Admach Systems has secured a new purchase order valued at ₹159.30 lakhs (₹1.59 crore, inclusive of GST) from a domestic steel and alloy manufacturer for a Bar Handling System for an Auto-UT Machine. With this win, the company's total order book stands at approximately ₹68.37 crore, which represents nearly 1x its FY26 revenue of ₹68.91 crore. The project is scheduled for completion within a 7-month execution timeline. Payment terms include 10% advance, 80% against proforma invoice and factory acceptance testing, and 10% post-commissioning.
- New order win worth ₹159.30 lakhs (including GST) for specialized Bar Handling Systems
- Total confirmed order book reaches approximately ₹68.37 crore
- Execution timeline set at 7 months from receipt
- Payment structured as 10% advance, 80% upon factory acceptance testing, and 10% post-commissioning
Admach Systems Limited has secured a domestic purchase order worth ₹159.30 lakhs (including GST) for a Bar handling System for an Auto-UT Machine. The order, awarded by a domestic steel and alloy manufacturing company, is expected to be executed within 7 months. While this specific order is small at approximately 1.3% of TTM revenue, the company's total order book now stands at a significant ₹68.37 crore. Payment terms are favorable, with a 10% advance and 80% payment upon factory acceptance testing.
- New order valued at ₹159.30 lakhs (including GST) from a domestic steel and alloy manufacturer
- Total order book reported at ₹68.37 Crores as of August 14, 2026
- Execution timeline defined as 7 months from the purchase order date
- Payment structure includes 10% advance and 80% against factory acceptance testing
- Order represents approximately 1.3% of the company's TTM revenue of ₹122 Cr
Admach Systems has secured a ₹2.96 crore order for two Non-Destructive Testing (NDT) machines destined for Mexico and China. This order, while routed through a domestic client, represents approximately 4.3% of the company's FY26 revenue. More significantly, the total order book has reached ₹83.77 crore, which is 1.21x the company's total FY26 revenue of ₹68.91 crore. The contract features favorable terms with a 30% advance payment and a 16-week execution timeline.
- New order valued at ₹295.73 lakh for two specialized NDT machines.
- Total order book stands at ₹83.77 crore, providing revenue visibility for the next 12-15 months.
- Order book to FY26 revenue ratio is approximately 1.21x.
- 30% advance payment received upfront, reducing working capital requirements.
- Execution scheduled within 16 weeks, targeting completion by Q3 FY27.
Admach Systems Limited has secured a purchase order worth ₹295.73 lakhs (including GST) from a domestic entity in the Non-Destructive Testing (NDT) industry. The order involves the supply of two NDT machines with final delivery locations in Mexico and China. This contract adds to the company's existing order book, which now stands at ₹83.77 Crores. The project features favorable payment terms with a 30% advance and a relatively short execution timeline of 16 weeks.
- Order value of ₹295.73 lakhs (including GST) for two NDT machines
- Total order book reaches ₹83.77 Crores following this receipt
- Execution timeline set for 16 weeks from the purchase order date
- Favorable payment terms secured with a 30% advance payment
- Final delivery locations identified as Mexico and China, indicating international reach
Admach Systems has secured a domestic order worth ₹94.35 lakh for Non-Destructive Testing (NDT) equipment, to be executed within 16 weeks. This win brings the company's total order book to ₹82.09 crore, which represents approximately 1.19x its FY26 revenue of ₹68.91 crore. The contract includes a favorable 30% advance payment, supporting working capital. The company continues to leverage its expertise in high-precision sectors like Aerospace and Defense.
- New domestic order secured for ₹94.35 lakh including GST
- Total order book reached ₹82.09 crore as of July 09, 2026
- Order execution timeline set at 16 weeks from the purchase order date
- Company reported FY26 revenue of ₹68.91 crore and PAT of ₹10.01 crore
- Payment terms include a 30% advance with the balance due upon dispatch
Financial Performance
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Operational Drivers
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Strategic Growth
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External Factors
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Regulatory & Governance
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Risk Analysis
Geographic Concentration Risk
The company's operations are concentrated in Pune, Maharashtra, with its registered office and facility located at Survey No 122, Sanas Nagar- Nandoshi Off Pune Sinhagadroad, Taluka Haveli.
Third Party Dependencies
The company relies on Maashitla Securities Private Limited as its Registrar and Share Transfer Agent (RTA) for critical compliance and security certificate processing under SEBI regulations.
