Ahlada Engineers Limited (AHLADA)
₹36.05 -1.12% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ahlada Engineers' revenue was ₹24.0 Cr (-12.1% year on year, -6.3% on the previous quarter), and net profit ₹0.2 Cr (-69.9% year on year); the operating margin was 13.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹24.0 | -12.1% | -6.3% |
| Operating profit | ₹3.2 | -26.8% | +80.5% |
| Net profit | ₹0.2 | -69.9% | from loss |
| EPS (₹) | 0.14 | -68.9% | from loss |
| Operating margin | 13.5% | — | — |
AHLADA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 86.15% of the AHLADA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.15%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 79.5% · 64.9% · 53.7% · 86.2% · 86.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Ahlada Engineers reported standalone revenue from operations of ₹24.03 crore (₹2,402.64 lakhs) for Q1 ended June 30, 2026, down 12.1% YoY from ₹27.33 crore. Standalone Profit After Tax (PAT) declined 69.7% YoY to ₹17.48 lakhs from ₹57.73 lakhs in Q1 FY26, though it rebounded from a net loss of ₹103.52 lakhs in the preceding quarter. Total expenses stood at ₹23.91 crore, driven by a surge in employee benefit costs to ₹5.06 crore compared to ₹2.71 crore in the year-ago period. Basic and diluted EPS stood at ₹0.14, compared to ₹0.45 in Q1 FY26 and negative ₹0.80 in Q4 FY26.
- Revenue from operations fell 12.1% YoY to ₹2,402.64 lakhs from ₹2,733.43 lakhs in Q1 FY26.
- Net profit after tax declined 69.7% YoY to ₹17.48 lakhs against ₹57.73 lakhs in the prior-year period.
- PBT recovered to a positive ₹18.18 lakhs from a loss of ₹152.22 lakhs in Q4 FY26.
- Employee benefit expenses jumped 86.8% YoY to ₹506.04 lakhs from ₹270.92 lakhs.
Ahlada Engineers Limited successfully passed all five resolutions at its 21st Annual General Meeting held on August 05, 2026. Key approvals included the adoption of FY26 audited financial statements and the re-appointment of Ms. Ahlada Chedepudi as Whole Time Director. While 100% of the promoter group (63.7 lakh shares) participated, public non-institutional turnout was low at 7.09%. This administrative milestone occurs as the company navigates a challenging period, with FY26 revenue of ₹100.84 Cr being significantly lower than FY24 levels of ₹259.52 Cr.
- 5 resolutions approved including FY26 financial adoption and director re-appointments
- 52.9% total voting turnout with 6,834,778 votes polled out of 12,921,000 shares
- 100% promoter participation (6,370,501 shares) in favor of all resolutions
- 7.09% public non-institutional participation (464,277 shares polled)
- 11,780 total shareholders recorded as of the July 29, 2026 cut-off date
Ahlada Engineers held its 21st Annual General Meeting on August 5, 2026, with 55 members in attendance. Management addressed the sharp revenue decline in FY26, where revenue fell to ₹100.84 cr from ₹199.57 cr in FY25. To drive recovery, the company is implementing SAP for better accounting transparency and expanding its sales reach by appointing new dealers and distributors. Key resolutions included the re-appointment of Ms. Ahlada Chedepudi as Whole Time Director and the adoption of FY26 audited financials.
- 55 members attended the 21st AGM conducted via Video Conferencing on August 5, 2026
- FY26 Revenue stood at ₹100.84 cr, a significant contraction from ₹259.52 cr reported in FY24
- Management confirmed the implementation of SAP to improve transparency in accounting and operational modules
- Strategy to increase sales involves a new focus on appointing dealers and distributors across India
- Remote e-voting was conducted between August 1 and August 4, 2026, with results due by August 7
Ahlada Engineers Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ended June 30, 2026. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no requests for dematerialization or rematerialization were received during the quarter. This is because the entire issued share capital of the company is already held in electronic (dematerialized) form. This filing is a standard procedural requirement and does not impact the company's financial performance.
- Quarter ended June 30, 2026, covered under the SEBI compliance filing
- 100% of the company's issued share capital is currently held in dematerialized form
- 0 requests for dematerialization or rematerialization were received during the three-month period
- Certificate issued by Bigshare Services Private Limited on July 4, 2026
Ahlada Engineers Limited has announced the resignation of Mr. Srinivas Reddy K, Senior General Manager for Procurement & Vendor Development, effective July 11, 2026. The resignation was tendered on June 24, 2026, citing personal and health reasons, and was accepted by the company after deliberations. This management change occurs as the company manages a TTM revenue of Rs 101 Cr and seeks to recover from a net loss of Rs 1.04 Cr reported in the March 2026 quarter. The company confirmed there are no other material reasons for the departure.
- Resignation of Senior General Manager (Procurement & Vendor Development) effective from close of business hours on July 11, 2026.
- The resignation letter was originally submitted on June 24, 2026, due to health concerns.
- Company reported a TTM revenue of Rs 101 Cr and a TTM PAT of Rs 0 Cr.
- The most recent quarterly result (Mar 2026) showed a net loss of Rs 1.04 Cr on revenue of Rs 25.65 Cr.
Ahlada Engineers has scheduled its 21st Annual General Meeting (AGM) for August 05, 2026, to approve FY26 financial statements and key management resolutions. A primary agenda item is the re-appointment of Ms. Ahlada Chedepudi as Whole Time Director with a proposed remuneration of ₹40 Lakhs per annum, a 122% increase from her previous ₹18 Lakhs. Additionally, the company proposes appointing M/s. M M Reddy & Co as new Statutory Auditors for a five-year term, replacing the retiring auditors. These proposals come as the company reported a net loss of ₹1.04 Cr in the March 2026 quarter.
- 21st AGM scheduled for August 05, 2026, to be held via Video Conference.
- Proposed remuneration for Ms. Ahlada Chedepudi (WTD) increased to ₹40 Lakhs p.a. from ₹18 Lakhs p.a.
- Appointment of M/s. M M Reddy & Co as Statutory Auditors for a 5-year term (FY2026-27 to FY2030-31).
- Re-appointment of Mr. Akarsh Reddy Chedepudi as Director, who is retiring by rotation.
- Ms. Ahlada Chedepudi's new 3-year term as WTD to run from November 13, 2026, to November 12, 2029.
Ahlada Engineers Limited held a board meeting on July 06, 2026, to approve several governance and administrative items. Key outcomes include the appointment of M/s. M M Reddy & Co. as Statutory Auditors for a five-year term (FY 2026-27 to FY 2030-31) and the re-appointment of Ms. Ahlada Chedepudi as Whole-Time Director for three years. The company also scheduled its 21st Annual General Meeting (AGM) for August 05, 2026. These actions are largely procedural and aimed at ensuring regulatory compliance and management continuity.
- Appointment of M/s. M M Reddy & Co. as Statutory Auditors for a 5-year term until FY 2030-31.
- Re-appointment of Ms. Ahlada Chedepudi as Whole-Time Director for a 3-year period effective November 13, 2026.
- 21st Annual General Meeting (AGM) scheduled for August 05, 2026, via video conferencing.
- Cut-off date for remote e-voting and AGM voting set for July 29, 2026.
- Remote e-voting period scheduled from August 01, 2026, to August 04, 2026.
Ahlada Engineers Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of unaudited financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. Investors should note the company's recent financial performance, which saw a net loss of ₹1.04 Cr in the quarter ended March 2026 despite a TTM revenue of ₹101 Cr.
- Trading window closure effective from July 1, 2026, for all designated persons.
- Closure is in anticipation of the unaudited financial results for the quarter ended June 30, 2026.
- Trading window to reopen 48 hours after the board meeting results are disclosed.
- Company reported a TTM revenue of ₹101 Cr and a marginal TTM EPS of ₹0.05.
- Recent quarterly performance (Mar 2026) showed a net loss of ₹1.04 Cr.
Ahlada Engineers reported a significantly weak financial performance for FY26, with annual revenue declining 23.6% YoY to ₹10,084.53 Lakhs. The company's full-year net profit crashed by nearly 95% to ₹17.83 Lakhs, while the fourth quarter (Q4) resulted in a net loss of ₹103.52 Lakhs compared to a profit of ₹96.52 Lakhs in the previous year. A major red flag is the ₹5,995.33 Lakhs in advances paid to just three parties, which prompted an 'Emphasis of Matter' from the statutory auditors. On the management side, the company appointed Srinivas Reddy K, a veteran from Dr. Reddy's, to lead procurement and vendor development.
- Annual Revenue from operations fell 23.6% YoY to ₹10,084.53 Lakhs in FY26 from ₹13,199.51 Lakhs in FY25.
- Net Profit for the full year collapsed to ₹17.83 Lakhs from ₹370.56 Lakhs in the previous fiscal year.
- Q4 FY26 recorded a net loss of ₹103.52 Lakhs, a sharp reversal from the ₹96.52 Lakhs profit in Q4 FY25.
- Auditors highlighted an 'Emphasis of Matter' regarding ₹5,995.33 Lakhs in advances paid to three major parties for project execution.
- Appointed Srinivas Reddy K as Senior General Manager (Procurement & Vendor Development) to optimize supply chain operations.
Ahlada Engineers Limited has appointed Mr. Srinivas Reddy K as Senior General Manager (Procurement & Vendor Development) and designated him as a Senior Managerial Person (SMP) effective May 30, 2026. Mr. Reddy brings over 29 years of extensive experience in supply chain and procurement, including previous leadership roles at Dr. Reddy's Laboratories and Hetero Labs. Additionally, the board approved the re-appointment of M/s. Vennapusa & Sunkara as Internal Auditors and M/s. NSV Krishna Rao & Co as Cost Auditors for the 2026-27 financial year. These appointments are part of the company's routine governance and operational strengthening measures.
- Mr. Srinivas Reddy K appointed as Senior Managerial Person (SMP) effective May 30, 2026, focusing on procurement and vendor development.
- The new SMP brings over 29 years of professional experience in materials management and strategic sourcing from the pharmaceutical industry.
- M/s. Vennapusa & Sunkara, with 17+ years of experience, re-appointed as Internal Auditors for FY 2026-27.
- M/s. NSV Krishna Rao & Co, with 31+ years of experience, re-appointed as Cost Auditors for FY 2026-27.
- The Board of Directors meeting concluded at 11:30 PM on May 30, 2026, to finalize these administrative appointments.
Ahlada Engineers reported a significantly weak performance for FY26, with annual revenue declining 23.6% YoY to ₹10,084.53 lakhs. Net profit for the full year crashed from ₹370.56 lakhs in FY25 to just ₹17.83 lakhs in FY26, representing a 95.2% drop. The company ended the year on a negative note, posting a net loss of ₹103.52 lakhs in Q4 FY26. Furthermore, auditors highlighted an 'Emphasis of Matter' regarding ₹5,995.33 lakhs in advances paid to three major parties, which warrants close monitoring.
- Annual revenue from operations fell 23.6% YoY to ₹10,084.53 lakhs in FY26 compared to ₹13,199.51 lakhs in FY25.
- Full-year Net Profit (PAT) dropped drastically by 95.2% to ₹17.83 lakhs from ₹370.56 lakhs in the previous year.
- The company reported a net loss of ₹103.52 lakhs in Q4 FY26, compared to a profit of ₹96.52 lakhs in Q4 FY25.
- Auditors issued an 'Emphasis of Matter' regarding outstanding supplier and capital advances of ₹6,301.92 lakhs, with ₹5,995.33 lakhs concentrated among three parties.
- Appointed Mr. Srinivas Reddy K as Senior General Manager (SMP) for Procurement & Vendor Development to optimize supply chain operations.
Ahlada Engineers Limited has submitted its annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter, Suresh Mohan Reddy Chedepudi, and the promoter group entity, Ahlada HVAC Systems Private Limited, have confirmed that no new encumbrances or pledges were made on their shares during the year. This routine filing provides transparency regarding the stability of the promoter's shareholding. It confirms that the promoters have not leveraged their equity stake beyond previously disclosed levels.
- Promoters declared zero new encumbrances on their shareholding for the financial year ending March 31, 2026.
- The disclosure covers primary promoter Suresh Mohan Reddy Chedepudi and Ahlada HVAC Systems Private Limited.
- Compliance is maintained under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The declaration has been submitted to both the National Stock Exchange and the company's Audit Committee.
Ahlada Engineers Limited has approved the incorporation of a new subsidiary in Dubai, UAE, to facilitate international expansion. The company plans to invest up to AED 1,000,000 (approximately ₹2.25 Crores) in cash for a stake of at least 76%. The subsidiary will focus on the trading, distribution, and marketing of steel products like doors and windows, as well as RO water purifier systems. This strategic move is designed to penetrate the GCC markets and enhance the company's global export footprint.
- Investment of up to AED 1,000,000 in one or more tranches for the new Dubai entity
- Ahlada Engineers will maintain a controlling interest of at least 76% in the subsidiary
- Focus on trading and marketing steel doors, windows, and RO water purifier systems in the Middle East
- Strategic goal to improve supply chain efficiency and customer proximity in global markets
Ahlada Engineers Limited has filed a non-applicability certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the quarter ended March 31, 2026. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no requests for dematerialization or rematerialization were received. This is because the entire shareholding of the company is already held in demat form. This filing is a standard quarterly compliance requirement for listed Indian companies.
- Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 is not applicable for the quarter.
- 100% of the company's shares are currently held in dematerialized form.
- Zero requests for dematerialization or rematerialization were received during the quarter ended March 31, 2026.
- The certificate was issued by Bigshare Services Private Limited, the company's RTA.
Ahlada Engineers Limited has notified the exchange regarding the closure of its trading window for all designated persons starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q4 and full-year financial results for the period ending March 31, 2026. The window will remain closed until 48 hours after the audited financial results are officially declared. The company will announce the specific date for the board meeting to approve these results at a later time.
- Trading window for equity shares to close effective April 1, 2026
- Closure pertains to the audited financial results for Q4 and FY ended March 31, 2026
- Restriction applies to all Directors, Officers, and Designated persons of the company
- Trading window will reopen 48 hours after the results are declared to the exchanges
- Board meeting date for result approval to be intimated separately
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, steel products. Net revenues for FY25 were INR 131.99 Cr, representing a significant decrease of 49.14% YoY from INR 259.51 Cr. For H1 FY26, revenue was INR 50.99 Cr, down 24.5% from INR 67.57 Cr in H1 FY25.
Geographic Revenue Split
Not disclosed in available documents, though recent contracts indicate significant operations in Andhra Pradesh (Simhadripuram) and a registered office in Hyderabad, Telangana.
Profitability Margins
Net profit for FY25 was INR 3.70 Cr, a 72.85% decrease from INR 13.64 Cr in FY24. The net profit margin for FY25 was approximately 2.8%, down from 5.2% in the previous year. Profit before tax for H1 FY26 was INR 1.57 Cr.
EBITDA Margin
Operating profit (before depreciation and interest) for FY25 was INR 5.79 Cr, a decrease of 71.10% from INR 20.05 Cr in FY24. This resulted in an EBITDA margin of 4.39% for FY25, compared to 7.73% in FY24.
Credit Rating & Borrowing
Total current borrowings as of September 30, 2025, were INR 36.18 Cr, up from INR 34.39 Cr in March 2025. Non-current borrowings stood at INR 1.09 Cr. Finance costs for FY25 were INR 4.92 Cr.
Operational Drivers
Raw Materials
Steel is the primary raw material for the company's steel doors and windows. Raw material price volatility is cited as a major operational challenge impacting margins.
Capacity Expansion
The company has an installed capacity of 30,000 doors per month. Capacities for windows and clean room equipment are inter-operable and not conclusively determined.
Raw Material Costs
Cost of materials consumed in H1 FY26 was INR 32.16 Cr, representing 63.07% of total revenue. In FY25, material costs were INR 63.42 Cr (48.05% of revenue).
Manufacturing Efficiency
The company focuses on resource utilization and waste minimization through technical team interventions and adopting industry best practices to optimize production and reduce costs over time.
Strategic Growth
Growth Strategy
Ahlada plans to achieve growth by collaborating with state governments and private institutions across India to supply furniture and steel products. A recent example is the Letter of Award received on October 28, 2025, for supplying furniture to ZP High School in Simhadripuram, Andhra Pradesh.
Products & Services
Steel doors, steel windows, clean room equipment, and furniture.
Brand Portfolio
Ahlada.
New Products/Services
The company is expanding its furniture line, recently securing a contract for school furniture in Andhra Pradesh.
Market Expansion
Plans involve broadening the network by targeting other state governments and reputable private institutions across India beyond its current base.
External Factors
Industry Trends
The engineering industry is facing challenges from supply chain disruptions and raw material volatility. Ahlada is positioning itself for the future by upgrading technology and focusing on operational excellence to mitigate these conditions.
Competitive Landscape
Intensified competition from both domestic and international players is impacting market share and exerting downward pressure on pricing.
Competitive Moat
Ahlada's moat is built on nearly two decades of experience in steel door manufacturing and an installed capacity of 30,000 doors per month. Sustainability is maintained through in-house expertise and customer-centric solutions in healthcare and real estate verticals.
Macro Economic Sensitivity
Highly sensitive to government policies and raw material price volatility, which contributed to a 71.10% drop in operating profit in FY25.
Regulatory & Governance
Industry Regulations
Operations are impacted by government policies and statutory guidelines. The Audit Committee monitors compliance with internal policies and statutory requirements.
Taxation Policy Impact
Current tax liabilities were INR 3.00 Cr as of September 30, 2025.
Legal Contingencies
The Audit Committee is tasked with looking into reasons for substantial defaults in payments to depositors, debenture holders, and creditors, though specific case values are not disclosed.
Risk Analysis
Key Uncertainties
Raw material price volatility and government policy changes are primary risks, having already caused a 49.14% revenue decline in FY25.
Geographic Concentration Risk
Significant reliance on contracts from the Andhra Pradesh government (e.g., Samagra Shiksha).
Third Party Dependencies
Dependency on steel suppliers and supply chain logistics, as disruptions in these areas were cited as a cause for poor performance.
Technology Obsolescence Risk
The company prioritizes continuous innovation and technological upgrades to prevent obsolescence and maintain market leadership.
Credit & Counterparty Risk
Trade receivables decreased by INR 3.93 Cr in H1 FY26, indicating active management of credit exposure.