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Msafe Equipments Ltd (544695)

📊 BSE: 544695 🏢 Aluminium 📢 Latest filing: 22 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Msafe Equipments' revenue was ₹31.8 Cr (+39.9% year on year, -41.1% on the previous quarter), and net profit ₹7.3 Cr (+44.3% year on year); the operating margin was 39.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹31.8	+39.9%	-41.1%
Operating profit	₹12.6	+43.8%	-42.6%
Net profit	₹7.3	+44.3%	-39.4%
EPS (₹)	3.56	-92.9%	-39.0%
Operating margin	39.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Msafe Equipments Designates Malvinder Singh Bhatia as Senior Management Personnel

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 22 Sep 2026, 04:51 PM

Msafe Equipments Limited has designated Mr. Malvinder Singh Bhatia as Senior Management Personnel (SMP) effective September 22, 2026. Mr. Bhatia already serves as the Business Head of the company's Formwork Division and brings over 17 years of experience in sales and business development across infrastructure and industrial sectors. The appointment follows a recommendation from the Nomination & Remuneration Committee and approval via circular resolution. This is an internal administrative re-designation to meet regulatory definitions under SEBI LODR rather than a new hire.

Designation of Malvinder Singh Bhatia as Senior Management Personnel approved effective September 22, 2026
Executive brings over 17 years of industry experience across formwork, infrastructure, and sales
Approval granted by Board of Directors via circular resolution following NRC recommendation
Role remains Business Head – Formwork Division under full-time employment terms

💡 Track subsequent quarterly segmental performance to monitor traction in the Formwork Division, but no immediate portfolio action is required.

Msafe Equipments Schedules 1-on-1 Analyst Meet with R Square Advisors on Sep 2, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 04:11 PM

Msafe Equipments Limited has scheduled a virtual one-on-one analyst/investor meeting with R Square Advisors on September 2, 2026, at 3:00 PM IST. The meeting is being conducted in compliance with Regulation 30 of SEBI Listing Regulations. The company stated that no unpublished price-sensitive information (UPSI) will be shared during the discussion.

One-on-one virtual meeting scheduled for 02.09.2026 at 03:00 PM IST
Meeting to be conducted with R Square Advisors
Company confirmed that no UPSI will be shared during the interaction

💡 Watch for any post-meeting investor presentation or transcript filings on the exchange for incremental updates on business performance.

Msafe Equipments to Attend Alpha Ideas SME Star-2026 Conference on Sept 6, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Aug 2026, 11:37 AM

Msafe Equipments Limited has informed the exchanges of its scheduled participation in an investor conference. The company will participate in the 'Alpha Ideas SME Star-2026' group investor conference in Mumbai on September 6, 2026, starting from 9:00 AM IST. The meeting will be conducted physically, and the company stated that no unpublished price sensitive information (UPSI) will be shared.

Conference scheduled for 06.09.2026 at 09:00 AM IST onwards
Event: Alpha Ideas SME Star-2026 physical group meeting
Venue: Pracharya B.N. Vaidya Sabhagriha, Dadar East, Mumbai
Company confirmed no unpublished price sensitive information will be shared

💡 Investors should monitor if the company uploads any investor presentation or meeting transcripts following the conference on its website or the stock exchange.

Msafe Equipments Dispatches FY26 Annual Report Weblinks Ahead of Sept 10 AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Aug 2026, 07:09 PM

Msafe Equipments Ltd has sent inland letters containing web-links and QR codes to shareholders without registered email IDs to access the FY 2025-26 Annual Report and Notice of the 7th Annual General Meeting (AGM). The AGM is scheduled to be held on September 10, 2026, via Video Conferencing. Remote e-voting is set to take place from September 7 to September 9, with the cut-off date stated as September 3. This is a standard statutory compliance filing under Regulation 36(1)(b) of SEBI LODR.

7th Annual General Meeting scheduled for September 10, 2026 at 11:30 AM IST via VC/OAVM
Remote e-voting opens at 09:00 AM on September 7 and ends at 05:00 PM on September 9
Cut-off date to determine voting entitlement is September 3
Letters dispatched with weblink to Annual Report for shareholders with unregistered email IDs

💡 Eligible shareholders can review the FY26 Annual Report via the provided links and participate in remote e-voting prior to the AGM on September 10, 2026.

Msafe Equipments Releases FY26 Annual Report; 7th AGM Scheduled for Sept 10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Aug 2026, 06:59 PM

Msafe Equipments has published its Annual Report for FY 2025-26 and convened its 7th Annual General Meeting for September 10, 2026. The company highlighted its manufacturing capacity expanding from 78 lakh kg to 115 lakh kg across 3 facilities and a network of 21 warehouses. The report details operational economics across its sales and rental portfolio, including its entry into aluminium formwork solutions. Director Ajay Kumar Kanoi is proposed for reappointment at the upcoming AGM.

7th Annual General Meeting scheduled for Thursday, September 10, 2026, via Video Conferencing
Post-expansion manufacturing capacity stands at 115 lakh kg vs existing 78 lakh kg across 3 facilities
Pan-India footprint covers 21 warehouses and a customer base exceeding 2,500 clients
High-margin rental model delivers 50-55% EBITDA margins for aluminium scaffolding and formwork

💡 Track voting outcomes and shareholder resolutions at the AGM on September 10, 2026, along with capacity ramp-up milestones in forthcoming quarterly updates.

Msafe Equipments to Hold 7th AGM on Sept 10; Seeks Approval to Raise Director Pay Cap to 25%

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Aug 2026, 06:53 PM

Msafe Equipments has issued the notice for its 7th Annual General Meeting (AGM) scheduled for September 10, 2026, via video conferencing. Among the key special resolutions, the company is seeking shareholder approval to increase the overall limit of maximum remuneration payable to all directors from 11% to 25% of net profits. The meeting will also consider the revision of remuneration for Chairman & MD Mr. Pradeep Aggarwal and ratification of cost auditor remuneration of Rs 70,000. Additionally, the re-appointment of Promoter and Whole-Time Director Mr. Ajay Kumar Kanoi, who holds 51,08,000 shares and drew Rs 92.9 Lakhs in FY26, will be tabled.

7th AGM scheduled for September 10, 2026 at 11:30 AM IST via Video Conferencing.
Special resolution proposed to raise overall director remuneration ceiling from 11% up to 25% of net profits.
Remuneration of Rs 70,000 plus taxes/expenses proposed for Cost Auditors M/s Chittora & Co for FY27.
Promoter & WTD Mr. Ajay Kumar Kanoi (holding 51,08,000 equity shares) retires by rotation and seeks re-appointment.

💡 Track shareholder voting outcomes post-AGM on September 10, 2026, especially regarding the enhanced 25% managerial remuneration ceiling.

40% Revenue Growth in Q1 FY27; Rental Segment Reaches 46% Revenue Share

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 04:16 PM

Msafe Equipments reported a strong Q1 FY27 with revenue growing 40% YoY to ₹31.79 cr and PAT increasing 44% to ₹7.27 cr. The company is successfully pivoting to a rental-led model, which now accounts for 46% of total revenue and offers superior EBITDA margins of 47% compared to just 10% for steel sales. Management is executing a major capacity expansion at Kosi Kotwan (90 lakh kg/annum) expected by May 2027, while a new aluminum formwork line is slated for December 2026.

Q1 FY27 Revenue grew 40% YoY to ₹31.79 cr, representing ~30.5% of total FY26 revenue.
MS scaffolding rental business grew 7x YoY, while Aluminum rental grew 24%.
Maintained a consolidated EBITDA margin of 40% despite inflationary pressures.
New integrated facility at Kosi Kotwan targets 90 lakh kg/annum capacity by May 2027.
Management incurred ₹8 cr in capex during Q1 FY27, approximately 8.1% of net worth.

💡 Monitor the execution timeline of the Kosi Kotwan facility (May 2027) and the successful commercialization of the 500-ton aluminum formwork capacity in December 2026.

Msafe Equipments releases audio recording of Q1 FY27 earnings call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Aug 2026, 11:40 AM

Msafe Equipments has submitted the audio recording of its earnings call held on August 11, 2026, regarding the Q1 FY27 unaudited financial results. This filing is a procedural requirement under SEBI Regulation 30(6). The company enters FY27 following a strong FY26 where revenue grew to ₹104 Cr from ₹71 Cr in FY25, maintaining a high ROCE of 34%. Investors can access the management commentary via the provided digital link to assess the sustainability of the 39% operating margins reported in the previous fiscal year.

Earnings call conducted on August 11, 2026, at 04:00 PM IST for Q1 FY27 results
Company reported annual revenue of ₹104.0 Cr for FY26, a 46% increase over FY25
Promoter holding stands at 73.23% as of June 2026, showing a slight increase from 72.84% in March 2026
Maintained a high ROCE of 34.0% and a manageable Debt-to-Equity ratio of 0.40

💡 Investors should listen to the recording to understand management's outlook on the aluminium equipment industry and whether the high operating margins (39% in FY26) are sustainable amidst fluctuating raw material costs.

Msafe Equipments Releases Q1 FY27 Investor Presentation Following Rs 104 Cr FY26 Revenue

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 11 Aug 2026, 04:09 PM

Msafe Equipments has released its investor presentation for the Q1 FY27 period (ending June 2026). The company enters this fiscal year on the back of a strong FY26 performance, where revenue reached Rs 104.0 Cr with a high operating profit margin of 39.0%. With a robust ROCE of 34.0% and a manageable Debt-to-Equity ratio of 0.40, the presentation likely details the sustainability of these margins. Investors should note the slight increase in promoter holding to 73.23% as of June 2026.

FY26 annual revenue reported at Rs 104.0 Cr compared to Rs 71.0 Cr in FY25
Operating Profit Margin (OPM) stood at 39.0% for the full year FY26
Promoter holding increased to 73.23% in the June 2026 quarter from 72.84% in March 2026
Company maintains a high Return on Capital Employed (ROCE) of 34.0%
Total debt stands at Rs 39 Cr against a net worth of Rs 98 Cr (D/E of 0.40)

💡 Review the full presentation on the company website to identify specific growth drivers in the aluminium equipment segment and management's guidance for FY27 margins.

44% PAT Growth in Q1 FY27; Msafe Scaffolding Capacity Nearly Doubles to 63 Lakh Kg

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Aug 2026, 04:22 PM

Msafe Equipments reported a strong Q1 FY27 with revenue growing 39.9% YoY to ₹31.79 cr and PAT increasing 44.3% to ₹7.27 cr. The company successfully expanded its MS scaffolding capacity to 63 Lakhs Kg, significantly ahead of its IPO timeline, which fueled a 7x growth in scaffolding rental revenue. Operating margins improved to 39.71%, supported by a higher rental mix (46% of revenue) and operating leverage. Management has maintained an aggressive growth target of approximately 50% for FY27.

Revenue from operations grew 39.91% YoY to ₹31.79 cr in Q1 FY27.
MS scaffolding capacity expanded by 91% from 33 Lakhs Kg to 63 Lakhs Kg ahead of schedule.
Rental revenue mix improved to 46% in Q1 FY27 compared to 43% in FY26.
Operating profit increased 43.70% YoY to ₹12.62 cr with margins expanding by 105 bps.
Management targets approximately 50% revenue growth for FY27 with new capacity coming online.

💡 Monitor the execution of the new integrated manufacturing facility expected by May 2027 and the commercialization of the 500 TPA aluminium formwork vertical in December 2026.

44% PAT Growth in Q1 FY27; Revenue up 40% YoY to ₹31.79 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 01:24 PM

Msafe Equipments reported a strong start to FY27 with revenue from operations growing 39.9% YoY to ₹31.79 Cr. Net profit increased by 44.2% to ₹7.27 Cr compared to ₹5.04 Cr in the same quarter last year. The company maintained a healthy Profit Before Tax (PBT) margin of approximately 30% of total income. The board also finalized the appointment of Cost, Internal, and Secretarial auditors for the 2026-27 financial year.

Revenue from operations increased 39.9% YoY to ₹31.79 Cr from ₹22.72 Cr.
Net profit for the quarter rose 44.2% YoY to ₹7.27 Cr.
Basic and Diluted EPS improved to ₹3.56 from ₹3.15 in the year-ago period.
Total expenses rose to ₹22.71 Cr, with employee benefit expenses increasing significantly to ₹7.00 Cr from ₹3.90 Cr YoY.
Profit Before Tax (PBT) stood at ₹9.74 Cr, representing a 30% margin on total income.

💡 Investors should monitor the sustainability of this ~40% growth rate in subsequent quarters and track the utilization of IPO proceeds as the company scales its scaffolding and ladder manufacturing operations.

Msafe Equipments Q1 FY27 Net Profit Grows 44% YoY to ₹7.27 Cr; Revenue Up 40%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 01:16 PM

Msafe Equipments reported a strong performance for Q1 FY27, with revenue from operations rising 39.9% YoY to ₹31.79 Cr. Net profit increased by 44.3% YoY to ₹7.27 Cr, compared to ₹5.04 Cr in the same quarter last year. The company demonstrated sequential growth as well, with revenue up 13% from the March 2026 quarter. The board also finalized the appointment of internal, cost, and secretarial auditors for FY 2026-27, ensuring regulatory compliance.

Revenue from operations reached ₹31.79 Cr in Q1 FY27, a 39.9% increase over ₹22.72 Cr in Q1 FY26.
Net Profit for the quarter stood at ₹7.27 Cr, up from ₹5.04 Cr in the year-ago period.
Basic and Diluted EPS improved to ₹3.56 from ₹3.15 YoY.
Total expenses for the quarter were ₹22.71 Cr, with employee benefit expenses rising significantly to ₹7.00 Cr from ₹3.90 Cr YoY.
Profit Before Tax (PBT) margin remained robust at approximately 30.6% for the quarter.

💡 Investors should monitor the sustainability of these margins and the impact of rising employee costs on future profitability. The upcoming Annual General Meeting (AGM) will be a key event for further management commentary on the growth outlook.

Msafe Equipments Schedules Q1 FY27 Earnings Call for August 11, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 06:33 PM

Msafe Equipments has scheduled its Q1 FY27 earnings call for August 11, 2026, at 4:00 PM IST to discuss its quarterly operational and financial performance. The company is coming off a strong FY26 where revenue reached ₹104.0 Cr with a net profit of ₹22.0 Cr. Investors will likely focus on the sustainability of the 39% operating margins reported in FY26. The company maintains a robust ROCE of 34.0% and a relatively low debt-to-equity ratio of 0.40.

Earnings call scheduled for August 11, 2026, at 4:00 PM IST
Company reported FY26 revenue of ₹104.0 Cr, up from ₹71.0 Cr in FY25
Net profit for FY26 stood at ₹22.0 Cr with an operating margin of 39.0%
Promoter holding remains high at 73.23% as of June 2026
Company maintains a healthy ROCE of 34.0% and net worth of ₹98 Cr

💡 Investors should monitor the earnings call for management's outlook on the aluminium equipment industry and any updates on capacity utilization following the FY26 growth spurt.

Aug 10 Board Meeting: Msafe Equipments to approve Q1 FY27 financial results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 04 Aug 2026, 02:15 PM

Msafe Equipments has scheduled a board meeting on August 10, 2026, to review and approve its unaudited financial results for the quarter ended June 30, 2026. This follows a strong FY26 performance where the company reported revenue of ₹104 Cr and a net profit of ₹22 Cr. The trading window for insiders has been closed since July 11, 2026, and will remain so until 48 hours after the results are declared. Investors will be looking for consistency in margins, given the company's high operating profit margin of 39% in the previous fiscal year.