Ameya Precision Engineers Limited (AMEYA)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Ameya Precision's revenue was ₹20.0 Cr (+1.7% year on year, -1.1% on the previous half-year), and net profit ₹2.7 Cr (+12.0% year on year); the operating margin was 18.9%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹20.0 | +1.7% | -1.1% |
| Operating profit | ₹3.8 | +8.9% | -0.8% |
| Net profit | ₹2.7 | +12.0% | -5.9% |
| EPS (₹) | 3.61 | +11.8% | -6.0% |
| Operating margin | 18.9% | — | — |
AMEYA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the AMEYA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 87.32%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal. It closed at a price band (circuit) on 14 sessions in about the last 20.
Delivery in the last 5 sessions: 100.0% · 87.0% · 90.0% · 100.0% · 100.0%
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
Ameya Precision Engineers submitted its Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026. The company's total issued and listed capital stands unchanged at 75,00,000 equity shares (face value Rs 10 each). Of the total shares, 83.26% are held in CDSL and 16.74% in NSDL, confirming a 100% dematerialization level with zero physical shares. The filing is a standard quarterly regulatory compliance with no changes to the share capital structure.
- Total issued and listed capital remains steady at 75,00,000 equity shares of Rs 10 face value
- 100% of share capital is dematerialized: 62,45,000 shares (83.26%) in CDSL and 12,55,000 shares (16.74%) in NSDL
- Zero shares held in physical form
- No change in share capital or pending dematerialization requests beyond 21 days during the quarter ended September 30, 2026
Ameya Precision Engineers has secured shareholder approval at its AGM on September 22, 2026, to re-appoint Mr. Bipin Shirish Pande as Managing Director. The new term spans 5 years, effective from February 1, 2027, through January 31, 2032. Mr. Pande is part of the promoter family, being the son of Executive Director & CFO Shirish Pande and brother of Director Nikhil Pande. The company generated TTM revenue of ₹79 Cr and PAT of ₹10 Cr, and this approval ensures continuity in leadership across production and engineering.
- Shareholders approved the re-appointment of Managing Director Bipin Shirish Pande on September 22, 2026
- New tenure is for a period of 5 years starting February 1, 2027, until January 31, 2032
- Family relationship disclosures confirm he is the son of CFO Shirish Pande and brother of Director Nikhil Pande
- Re-appointment provides operational continuity for the ₹112 Cr market cap company
Ameya Precision Engineers Limited held its 14th Annual General Meeting on September 22, 2026, where all 5 resolutions were approved by shareholders with overwhelming majority. Key approved items include the re-appointment of Managing Director Bipin Shirish Pande for a 5-year term from February 1, 2027 to January 31, 2032. Shareholders also approved remuneration beyond Section 197 limits for both MD Bipin Pande and Director & CFO Shirish Madhukar Pande. A total of 54,66,000 votes were polled across 75,00,000 total shares, representing a 72.88% voter turnout.
- All 5 resolutions passed with 99.98% to 100% majority of votes polled
- Turnout was 72.88%, with 54,66,000 shares voted out of 75,00,000 total equity shares
- Re-appointment of MD Bipin Shirish Pande confirmed for 5 years from Feb 1, 2027 to Jan 31, 2032
- Approval granted for MD and CFO remuneration exceeding standard limits under Section 197 of Companies Act
Ameya Precision Engineers Limited held its 14th Annual General Meeting on September 22, 2026, where all 5 resolutions were approved by shareholders with overwhelming majority. Key approved items include the re-appointment of Managing Director Bipin Shirish Pande for a 5-year term from February 1, 2027 to January 31, 2032. Shareholders also approved remuneration beyond Section 197 limits for both MD Bipin Pande and Director & CFO Shirish Madhukar Pande. A total of 54,66,000 votes were polled across 75,00,000 total shares, representing a 72.88% voter turnout.
- All 5 resolutions passed with 99.98% to 100% majority of votes polled
- Turnout was 72.88%, with 54,66,000 shares voted out of 75,00,000 total equity shares
- Re-appointment of MD Bipin Shirish Pande confirmed for 5 years from Feb 1, 2027 to Jan 31, 2032
- Approval granted for MD and CFO remuneration exceeding standard limits under Section 197 of Companies Act
Ameya Precision Engineers Limited has released newspaper notices regarding the dispatch of its 14th Annual General Meeting (AGM) notice, FY 2025-26 Annual Report, and e-voting details. The 14th AGM is scheduled to take place on Tuesday, September 22, 2026, at 11:30 AM IST in Pune, Maharashtra. The advertisements were published in 'Financial Express' and 'Loksatta'. This filing represents standard statutory compliance with no direct impact on business operations.
- 14th Annual General Meeting convened for Tuesday, September 22, 2026, at 11:30 AM IST
- AGM location confirmed at Enrise by Sayaji, Pune-Satara Road, Pune, Maharashtra
- Newspaper advertisements published in Financial Express (English) and Loksatta (Marathi)
- Notice, Annual Report for FY26, and e-voting instructions dispatched to shareholders
Ameya Precision Engineers Limited has announced its 14th Annual General Meeting (AGM) scheduled for Tuesday, September 22, 2026, at 11:30 A.M. IST in Pune. The company has fixed Tuesday, September 15, 2026, as the cut-off date to determine voting entitlement for shareholders. The notice of the AGM and the Annual Report for FY 2025-26 have been dispatched electronically to shareholders registered as of August 28, 2026.
- 14th AGM to be held on Tuesday, September 22, 2026, at 11:30 A.M. IST in Pune
- Voting entitlement cut-off date is fixed as Tuesday, September 15, 2026
- Electronic dispatch initiated to shareholders registered as of Friday, August 28, 2026
- Annual Report for FY 2025-26 released and uploaded to the company website
Ameya Precision Engineers has announced that its Board of Directors approved the re-appointment of Mr. Bipin Shirish Pande as Managing Director for a 5-year term from February 1, 2027 to January 31, 2032. The re-appointment is subject to shareholder approval. Mr. Pande oversees the company's engineering, production, systems, and quality assurance operations. He is related to Executive Director and CFO Shirish Pande (father) and Director Nikhil Pande (brother).
- Re-appointment of Mr. Bipin Shirish Pande as Managing Director approved by Board
- Term spans 5 years with effect from February 1, 2027 till January 31, 2032
- Approval recommended by Nomination and Remuneration Committee; subject to shareholder voting
- Director disclosures indicate kinship with CFO Shirish Pande (father) and Director Nikhil Pande (brother)
Financial Performance
Revenue Growth by Segment
The company operates in a single segment of precision engineering. Total revenue for H1 FY26 reached INR 20.23 Cr, representing a growth of 7.02% compared to INR 18.91 Cr in H1 FY25. Annual revenue for FY25 was INR 38.59 Cr, up 13.3% from INR 34.03 Cr in FY24.
Geographic Revenue Split
While specific regional percentages are not disclosed, the company has a significant export orientation, evidenced by a recent purchase order from Sulzer Pumps (UK) Ltd for pump assembly components. Domestic operations are centered at the Pune, Maharashtra facility.
Profitability Margins
Net Profit Margin (NPM) improved significantly to 14.22% in H1 FY26 from 10.61% in H1 FY25. Profit After Tax (PAT) for H1 FY26 was INR 2.88 Cr, a 43.46% increase YoY from INR 2.01 Cr.
EBITDA Margin
Operating Profit Margin (OPM) for H1 FY26 is approximately 21.70% (calculated from an operating profit of INR 4.39 Cr on revenue of INR 20.23 Cr), showing an upward trend from the 13.01% reported for H1 FY25.
Capital Expenditure
The company invested INR 1.76 Cr in Property, Plant, and Equipment during H1 FY26. This follows a substantial capital expenditure of INR 6.25 Cr during the full year FY25 to enhance manufacturing capabilities.
Credit Rating & Borrowing
The company is rated 'Crisil B/Stable' under the 'Issuer Not Cooperating' category as of March 2025. Total rated bank loan facilities amount to INR 5.00 Cr, including a Cash Credit limit of INR 3.25 Cr and a proposed facility of INR 1.75 Cr with HDFC Bank.
Operational Drivers
Raw Materials
Steel and Alloy Steel (used for shafts and flanges) represent the primary raw material cost, totaling INR 9.93 Cr in H1 FY26, which accounts for 49.1% of total revenue.
Import Sources
Not disclosed in available documents; however, the manufacturing facility is located in Pune, Maharashtra, suggesting local sourcing for standard engineering materials.
Capacity Expansion
Current capacity is not specified in units, but the company recently completed a major expansion in FY25 (INR 6.25 Cr investment) and continued with INR 1.76 Cr in H1 FY26 to support increased order flow for pump and valve components.
Raw Material Costs
Raw material costs were INR 9.93 Cr in H1 FY26, a slight decrease of 5.9% from INR 10.56 Cr in the preceding half-year, indicating improved procurement efficiency or a change in product mix.
Manufacturing Efficiency
Employee benefit expenses stood at INR 4.09 Cr (20.2% of revenue) in H1 FY26, reflecting a labor-intensive precision manufacturing process. Efficiency is driven by specialized hardfacing and overlay capabilities.
Strategic Growth
Expected Growth Rate
13%
Growth Strategy
Growth is driven by expanding the international client base, as seen with the Sulzer Pumps (UK) Ltd order. The company is leveraging its specialized capabilities in hardfacing, overlays, and sub-assemblies for high-precision pump and valve components to capture higher-margin export business.
Products & Services
Precision-engineered pump and valve components including shafts, flanges, hardfacing, overlays, and sub-assemblies.
Brand Portfolio
Ameya Precision Engineers.
New Products/Services
Expansion into full sub-assembly parts for pump assemblies, moving up the value chain from individual component manufacturing.
Market Expansion
Targeting the UK and European markets for specialized engineering components, building on the recent Sulzer Pumps contract.
External Factors
Industry Trends
The precision engineering industry is shifting toward specialized coatings and hardfacing to extend the life of industrial components. The company is positioned to benefit from this trend through its overlay services.
Competitive Landscape
Competes with other SME precision engineers in the Pune hub and global component suppliers to major pump OEMs.
Competitive Moat
The company's moat lies in its specialized hardfacing and overlay techniques, which are critical for high-wear pump components. This technical expertise acts as a barrier to entry for standard machine shops.
Macro Economic Sensitivity
Sensitive to global industrial CAPEX cycles, particularly in the oil, gas, and water sectors which drive demand for pumps and valves.
Consumer Behavior
Industrial customers are increasingly demanding integrated sub-assemblies rather than individual parts to simplify their own supply chains.
Geopolitical Risks
Trade barriers or shipping disruptions between India and the UK could impact the delivery of pump components and increase logistics costs.
Regulatory & Governance
Industry Regulations
Subject to manufacturing standards for pressure-retaining components (valves/pumps) and quality certifications required by international OEMs.
Taxation Policy Impact
The effective tax rate for H1 FY26 was approximately 25.17%, with a current tax provision of INR 96.78 Lakhs on a PBT of INR 384.54 Lakhs.
Legal Contingencies
No pending material court cases or legal disputes were disclosed in the provided financial statements.
Risk Analysis
Key Uncertainties
The 'Issuer Not Cooperating' credit rating status poses a risk to future credit availability and cost of capital, potentially impacting liquidity if working capital needs spike.
Geographic Concentration Risk
Manufacturing is 100% concentrated in Pune, Maharashtra, making operations vulnerable to regional industrial disruptions.
Third Party Dependencies
High dependency on OEM clients like Sulzer; the loss of a single major contract could impact revenue by more than 10-15%.
Technology Obsolescence Risk
Risk is low given the mechanical nature of products, but failure to adopt advanced CNC or additive manufacturing techniques could impact long-term competitiveness.
Credit & Counterparty Risk
Trade receivables stood at INR 8.92 Cr as of Sept 2025, representing 44% of H1 revenue, indicating high counterparty credit exposure and a long collection cycle.
