Foseco India Limited (FOSECOIND)
₹6,260.00 -0.26% last close, 16 Oct
Q2 FY27 results
📅 Next results: 06 Nov 2026 (board meeting)Foseco India Limited's board meets on 6 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q4 FY26, Foseco India's revenue was ₹202 Cr (+35.5% year on year, +6.8% on the previous quarter), and net profit ₹33.5 Cr (+52.2% year on year); the operating margin was 20.5%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹202 | +35.5% | +6.8% |
| Operating profit | ₹41.3 | +53.1% | -1.6% |
| Net profit | ₹33.5 | +52.2% | +123.2% |
| EPS (₹) | 44.86 | +32.2% | +168.3% |
| Operating margin | 20.5% | — | — |
FOSECOIND delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 65.87% of the FOSECOIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 42.2%. Delivery was unusually high while the price barely moved (-0.26%). Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 50.9% · 47.7% · 45.5% · 50.5% · 65.9%
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
Foseco India Limited announced that its Board of Directors will meet on Friday, November 6, 2026, to consider and approve unaudited financial results for the quarter and nine-month period ending September 30, 2026. Pursuant to SEBI Insider Trading regulations, the company's trading window for designated persons will remain closed from October 1, 2026, through November 8, 2026. This is a routine quarterly compliance update establishing the timeline for earnings release.
- Board meeting scheduled on Friday, November 6, 2026, to approve Q3 and 9M results
- Trading window closed from October 1, 2026, until November 8, 2026 (both days inclusive)
- Results cover unaudited standalone and consolidated performance for the period ended September 30, 2026
Foseco India Limited announced the cancellation of an institutional investor meeting that had been scheduled for September 8, 2026. The meeting was previously arranged with SBI Mutual Fund and intimated to exchanges on September 3, 2026. This administrative update has no financial or operational impact on the company's performance or business operations.
- Meeting scheduled for September 8, 2026 has been cancelled
- Meeting was originally arranged with SBI Mutual Fund
- Follows initial intimation letter dated September 3, 2026
Foseco India Limited has informed the exchanges of a scheduled physical meeting with SBI Mutual Fund on September 8, 2026, between 10:30 am and 03:00 pm. The company confirmed that only publicly available information will be discussed and no unpublished price sensitive information (UPSI) will be shared. With a market capitalization of ₹4,568 crore and TTM revenue of ₹691 crore, such investor interactions are part of routine investor relations activities.
- Meeting scheduled for September 8, 2026, from 10:30 am to 03:00 pm
- Investor participant: SBI Mutual Fund
- Mode of meeting: Physical
- Company confirmed no unpublished price sensitive information (UPSI) will be shared
Foseco India Limited has notified the exchanges regarding scheduled virtual meetings with institutional investors. The company will interact with Bandhan Mutual Fund on August 31, 2026 (03:30 PM to 04:15 PM) and Motilal Oswal Mutual Fund on September 1, 2026 (03:30 PM to 04:30 PM). The management confirmed that only publicly available information will be discussed without sharing any unpublished price sensitive information (UPSI).
- Virtual meeting scheduled with Bandhan Mutual Fund on August 31, 2026 (03:30 PM to 04:15 PM)
- Virtual meeting scheduled with Motilal Oswal Mutual Fund on September 1, 2026 (03:30 PM to 04:30 PM)
- No Unpublished Price Sensitive Information (UPSI) will be shared during the interactions
Foseco India Limited has submitted an update regarding its upcoming analyst and institutional investor site visit scheduled for August 20, 2026, from 9:30 am to 5:00 pm. The company announced the addition of Envision Capital, Oaklane Capital Management, and ValueQuest Investment Advisors to the attendee list previously disclosed on August 12, 2026. Management clarified that only publicly available information will be discussed with no unpublished price-sensitive information shared. Foseco India operates with a market cap of ₹4,032 crore and TTM revenue of ₹691 crore.
- Site visit scheduled for August 20, 2026, from 9:30 am to 5:00 pm
- Three institutional investors added: Envision Capital, Oaklane Capital Management, and ValueQuest Investment Advisors
- Update supplementary to previous disclosure dated August 12, 2026
- Company confirmed strictly public domain information will be discussed
Foseco India Limited has informed exchanges that the presentation for its scheduled institutional investor and analyst meetings has been made available on the company website. The physical and virtual meetings with equity analysts, FPIs, and mutual funds are scheduled to take place between August 18, 2026 and August 20, 2026. This is a procedural compliance filing under SEBI LODR Regulation 46(2)(o)(ii). Foseco India currently has a market capitalization of ₹4,032 crore with TTM revenue of ₹691 crore and TTM PAT of ₹87 crore.
- Institutional and analyst meetings scheduled between August 18, 2026 and August 20, 2026
- References prior meeting intimations dated August 12, August 14, and August 17, 2026
- Investor presentation published on the company website under SEBI LODR Regulation 46(2)(o)(ii)
Foseco India Limited has scheduled a virtual meeting with Investec Capital Services (India) Private Limited on August 20, 2026, from 3 pm to 4 pm. The company clarified that only publicly available information will be discussed, adhering to SEBI LODR regulations regarding unpublished price-sensitive information. This meeting comes as the company maintains a TTM revenue of ₹691 Cr and continues to integrate its 75% stake acquisition in Morganite Crucible (India) Limited. Such interactions are standard for mid-cap companies to maintain institutional visibility.
- Virtual meeting scheduled for August 20, 2026, between 3 pm and 4 pm
- Interaction specifically with Investec Capital Services (India) Private Limited
- Company reports TTM revenue of ₹691 Cr and a healthy OPM of 20.0%
- Recent strategic growth includes a 75% stake acquisition in Morganite Crucible completed in Nov 2025
Foseco India reported a steady 15.9% YoY increase in standalone revenue to ₹182.28 Cr for the quarter ended June 30, 2026. Net profit grew by a lower 6.2% YoY to ₹22.86 Cr, primarily due to a ₹3.49 Cr exceptional loss from a stake sale in a subsidiary. Despite higher profits, EPS diluted to ₹30.33 from ₹33.72 YoY, reflecting the increased equity base following the Morganite acquisition. The company maintains a robust balance sheet with total cash and bank balances exceeding ₹317 Cr.
- Revenue from operations increased 15.9% YoY to ₹182.28 Cr for Q2 2026.
- Net profit for the quarter stood at ₹22.86 Cr, up 6.2% from ₹21.53 Cr in the corresponding quarter last year.
- Exceptional loss of ₹3.49 Cr recorded during the quarter related to the disposal of a stake in a subsidiary.
- H1 2026 standalone revenue reached ₹344.98 Cr, accounting for approximately 50% of the TTM revenue of ₹691 Cr.
- Cash and bank balances (including deposits) remained strong at ₹317.38 Cr as of June 30, 2026.
Foseco India has entered into a Business Transfer Agreement to acquire the Mehsana manufacturing facility from fellow subsidiary Vesuvius India Limited for ₹43.25 Cr. The facility specializes in crucibles and foundry consumables for the non-ferrous sector and generated ₹58.13 Cr in revenue for CY2025. This acquisition represents approximately 8.4% of Foseco's TTM revenue and follows the 2025 acquisition of Morganite Crucible. The transaction is a related-party deal conducted at arm's length and is expected to close by December 31, 2026.
- Acquisition of Mehsana facility for a lump-sum cash consideration of ₹43.25 Cr
- Target facility revenue grew 25% over two years, from ₹46.43 Cr in CY2023 to ₹58.13 Cr in CY2025
- Acquisition value represents approximately 4.2% of Foseco's current net worth of ₹1,040 Cr
- Target facility revenue of ₹58.13 Cr is equivalent to ~8.4% of Foseco's TTM revenue of ₹691 Cr
- Transaction expected to be completed by December 31, 2026, subject to GIDC approvals
Foseco India has entered into a Business Transfer Agreement to acquire the Mehsana manufacturing facility from its fellow subsidiary, Vesuvius India Limited (VIL), for ₹43.25 Cr. The facility specializes in crucibles and foundry consumables for the non-ferrous sector and reported a turnover of ₹58.13 Cr in FY25. This acquisition represents approximately 8.4% of Foseco's TTM revenue and follows its 2025 acquisition of Morganite Crucible. The transaction is a related-party deal conducted at arm's length and is expected to close by December 31, 2026.
- Acquisition of Mehsana business undertaking for a lump-sum cash consideration of ₹43.25 Cr
- Target facility revenue grew from ₹46.43 Cr in 2023 to ₹58.13 Cr in 2025
- Acquisition value represents approximately 4.16% of Foseco's current Net Worth of ₹1,040 Cr
- Target turnover of ₹58.13 Cr is equivalent to ~8.4% of Foseco's TTM revenue of ₹691 Cr
- Transaction expected to be completed by December 31, 2026, subject to GIDC approvals
Foseco India has announced a concentrated three-day investor outreach program from August 18 to August 20, 2026. The schedule includes one-on-one and group meetings with over 30 prominent institutional investors, including SBI Mutual Fund, ICICI Prudential Mutual Fund, and Kedaara Capital. Notably, the final day (August 20) is dedicated to a company site visit for 12+ investment firms, suggesting deep-dive due diligence by asset managers. While the company states no unpublished price-sensitive information will be shared, the high volume of institutional interest in this Rs 3,965 Cr market cap company is significant.
- Meetings scheduled with 30+ institutional entities including Mutual Funds, FPIs, and PMS providers.
- Engagement spans 3 consecutive days from August 18 to August 20, 2026.
- Includes a dedicated site visit on August 20 for 12+ firms including Invesco and UTI Mutual Fund.
- Company maintains a strong financial profile with TTM revenue of Rs 691 Cr and 20.0% OPM.
- Promoter holding remains stable at 63.54% as of June 2026.
Foseco India Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended June 30, 2026, all share certificates received for dematerialization were processed, mutilated, and cancelled as per regulatory requirements. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that the names of depositories have been updated in the register of members. This is a standard administrative procedure with no impact on business operations or financials.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar MUFG Intime India Private Limited confirmed processing within prescribed timelines
- Verification that dematerialized securities are listed on the stock exchanges where earlier securities were listed
- Confirmation of mutilation and cancellation of physical security certificates after due verification
Foseco India Limited has scheduled a Board of Directors meeting for August 11, 2026, to review and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended June 30, 2026. In compliance with SEBI (Prohibition of Insider Trading) Regulations, the trading window for designated persons will be closed from July 1, 2026, to August 13, 2026. The company currently maintains a TTM revenue of ₹691 Cr and a PAT of ₹87 Cr. This is a routine regulatory filing providing the timeline for the next earnings release.
- Board meeting scheduled for August 11, 2026, to approve Q1 and half-year results.
- Trading window closure period spans from July 1, 2026, to August 13, 2026.
- Results will include both Standalone and Consolidated figures for the period ended June 30, 2026.
- Company reported a TTM EPS of ₹121.32 as per latest financial context.
Foseco India has disclosed the web link for its investor presentation ahead of scheduled meetings with equity analysts, FPIs, and Mutual Funds on June 29 and 30, 2026. This follows the company's recent performance reporting a TTM revenue of ₹691 cr and a PAT of ₹87 cr. The presentation is expected to cover strategic updates, including the integration of the 75% stake in Morganite Crucible (India) Limited acquired in late 2025. This is a standard regulatory filing to ensure information parity between institutional and retail investors.
- Investor meetings scheduled for two consecutive days: June 29 and June 30, 2026
- Disclosure made under Regulation 46(2)(o)(ii) of SEBI (LODR) Regulations
- Presentation link provided for public access to institutional briefing materials
- Company maintains a strong balance sheet with a Debt/Equity ratio of 0.00 as of the latest filing
Foseco India Limited has announced a series of meetings with several high-profile institutional investors and mutual funds scheduled for June 29 and June 30, 2026. The list of participants includes major names such as LIC Mutual Fund, Goldman Sachs Asset Management, and ICICI Prudential Asset Management. These meetings will be held in both physical and virtual formats to discuss the company's performance based on publicly available information. Such engagements typically indicate a high level of institutional interest in the company's business trajectory.
- Meetings scheduled with over 8 major institutional entities including LIC MF and Goldman Sachs.
- Interaction dates set for June 29 (10:30 AM to 3:00 PM) and June 30 (2:00 PM to 4:30 PM).
- Participants include Baroda BNP Paribas MF, Quest Investment Advisors, Carnelian Capital, and 360 ONE Asset Management.
- Company confirms that no unpublished price sensitive information (UPSI) will be shared during these sessions.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, Foundry Chemicals & Fluxes, which contributed 100% of the total revenue of INR 52,478 lakh, representing a growth of 9.9% YoY from INR 47,741 lakh.
Geographic Revenue Split
Domestic operations across 21 states contribute 96.47% of turnover, while exports to 12 countries contribute 3.53% of total revenue.
Profitability Margins
Operating Profit Margin improved to 18.7% in 2024 from 17.4% in 2023 (adjusted for one-offs). Net Profit Margin stood at 13.9% in 2024 compared to 15.3% in 2023, impacted by the absence of exceptional gains from land sales.
EBITDA Margin
PBIT margin was 18.7% in 2024, a slight decrease from 19.9% in 2023 due to higher operating expenses which grew 7% to INR 44,468 lakh.
Capital Expenditure
The company invested in manufacturing facility upgrades through revenue expense and capex; however, specific planned INR values for future years are not disclosed.
Credit Rating & Borrowing
The company maintains a Debt-Equity Ratio of 0.00, indicating it is debt-free with no reported borrowing costs.
Operational Drivers
Raw Materials
Specific raw materials include chemicals for water-based and solvent-based coatings and fluxes, which are critical for the 100% revenue-contributing Foundry Chemicals segment.
Import Sources
Raw materials are sourced domestically and imported from global group manufacturing locations in various parts of the world.
Capacity Expansion
The company operates 2 national plants in Sanaswadi (Pune) and Puducherry; specific MTPA capacity or planned expansion units are not disclosed.
Raw Material Costs
Raw material landscape remains challenging with occasional price volatility; the company manages this through strategic pricing and a value-driven approach to maintain margins.
Manufacturing Efficiency
Efficiency is driven by a cellular manufacturing structure and Lean philosophy (Kaizen Factory) to standardize processes and reduce waste.
Logistics & Distribution
The company strengthened its distribution network to serve a broader spectrum of foundries, including a successful initiative to cater to smaller foundries.
Strategic Growth
Expected Growth Rate
9.90%
Growth Strategy
Growth will be achieved through the acquisition of a 75% stake in Morganite Crucible (India) Limited (completed Nov 2025), expansion of the product portfolio (e.g., INSTA Coatings), and deepening market penetration into smaller foundries.
Products & Services
Foundry consumables, chemicals, fluxes, and specialized solutions like INSTA water-based and solvent-based coatings for ferrous and non-ferrous castings.
Brand Portfolio
FOSECO
New Products/Services
INSTA Coatings launched in 2024 offer up to a 30% reduction in costs for customers, expected to drive volume growth in the ferrous casting segment.
Market Expansion
Targeting smaller foundries with specialized products and expanding technical service infrastructure to increase customer satisfaction and retention.
Market Share & Ranking
The company is the market leader in most of its focused product lines within the Indian foundry sector.
Strategic Alliances
Acquired 75% of Morganite Crucible (India) Limited from its promoters on November 12, 2025, making it a subsidiary.
External Factors
Industry Trends
The Indian foundry market is evolving toward green practices, automation, and precision solutions driven by tighter environmental regulations and OEM demands.
Competitive Landscape
Foseco competes as a technology leader; smaller foundries face high costs to upgrade, potentially limiting their competitiveness against Foseco's advanced solutions.
Competitive Moat
Moat is built on a 60-year legacy, proprietary technology formulations, and a solutions-partnering approach that makes FOSECO products indispensable to foundries.
Macro Economic Sensitivity
Sensitive to global manufacturing slowdowns in Europe and Asia and inflationary pressures which prompt tighter monetary policies.
Consumer Behavior
OEMs are demanding tighter specifications and environmentally compliant solutions, driving foundries to adopt Foseco’s high-tech consumables.
Geopolitical Risks
Geopolitical tensions impact supply chains; the company mitigates this by leveraging its global group network for alternate sourcing.
Regulatory & Governance
Industry Regulations
Operations are governed by environmental regulations and tighter OEM specifications which drive the adoption of green foundry practices.
Environmental Compliance
Accredited to ISO 14001:2015; the company has launched a sustainability drive with targets to reduce CO2, energy, and solid waste.
Taxation Policy Impact
Total tax expense for 2024 was INR 2,530 lakh, representing an effective tax rate of approximately 25.7% on PBT of INR 9,833 lakh.
Legal Contingencies
There are no audit qualifications in the financial statements; specific pending court case values are not disclosed.
Risk Analysis
Key Uncertainties
Raw material price volatility and supply disruptions due to geopolitical factors pose risks to margin stability and operational continuity.
Geographic Concentration Risk
High concentration in India (96.47% of revenue), though it serves 21 states and exports to 12 countries.
Technology Obsolescence Risk
Risk is mitigated by continuous R&D and the adoption of Indian Accounting Standards (Ind-AS) and ISO-certified management systems.
Credit & Counterparty Risk
Debtors Turnover Ratio of 4.71 indicates healthy receivables management, though it slightly decreased from 5.11 in the previous year.
