GMM Pfaudler Limited (GMMPFAUDLR)
₹1,312.10 -2.26% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, GMM Pfaudler's revenue was ₹925 Cr (+16.4% year on year, -2.0% on the previous quarter), and net profit ₹22.1 Cr (+117.7% year on year); the operating margin was 10.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹925 | +16.4% | -2.0% |
| Operating profit | ₹93.7 | -7.2% | +25.0% |
| Net profit | ₹22.1 | +117.7% | +47.3% |
| EPS (₹) | 5.32 | +114.5% | +39.3% |
| Operating margin | 10.1% | — | — |
GMMPFAUDLR delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 50.93% of the GMMPFAUDLR shares traded on NSE were taken to delivery, against the stock's own 20-session average of 48.65%. That is close to its usual level. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 52.4% · 52.0% · 58.1% · 52.0% · 50.9%
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
GMM Pfaudler Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that securities received for dematerialisation during the period were verified, confirmed or rejected, and cancelled as per regulatory timelines. This is a standard quarterly secretarial disclosure with no impact on business operations or financials.
- Regulation 74(5) compliance certificate submitted for the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited (formerly Link Intime India Private Limited) on October 6, 2026
- Dematerialisation requests were confirmed/rejected and certificates mutilated within prescribed timelines
CRISIL Ratings has reaffirmed GMM Pfaudler Limited's credit ratings for its bank loan facilities totaling INR 600 crore. The long-term bank facilities have been reaffirmed at 'CRISIL AA-/Stable', while the short-term facilities are reaffirmed at 'CRISIL A1+'. The rated total of INR 600 crore represents approximately 16.4% of the company's TTM revenue of Rs 3,655 crore and 72.1% of its net worth of Rs 832 crore. This reaffirmation highlights continued credit stability and financial profile backing its existing debt operations.
- CRISIL reaffirmed ratings on total bank loan facilities of INR 600 crore
- Long-term bank loan facilities reaffirmed at 'Crisil AA-/Stable'
- Short-term bank loan facilities reaffirmed at 'Crisil A1+'
- Rating action executed on September 17, 2026
GMM Pfaudler's Board has approved the resignation of Group CFO and KMP Alexander Poempner, effective post Q2 FY27 results on November 4, 2026, after a 5-year tenure. He will be succeeded by Ankit Nayyar, who joined as Deputy CFO in May 2026 and previously served as CFO of PI Health Sciences. To ensure a smooth transition, Mr. Poempner will continue with the company until December 31, 2026. GMM Pfaudler operates at an annualized TTM revenue run-rate of ₹3,655 Cr with a market cap of ₹5,495 Cr.
- Group CFO Alexander Poempner resigns effective November 4, 2026, after a 5-year tenure
- Current Deputy CFO Ankit Nayyar appointed as incoming Group CFO and KMP on November 4, 2026
- Outgoing CFO will support the organization through December 31, 2026, for an orderly handover
- Incoming CFO brings nearly 20 years of experience across pharma, specialty chemicals, and manufacturing
GMM Pfaudler has announced the resignation of its Group CFO Alexander Poempner, who is stepping down to pursue outside opportunities after a 5-year tenure. The resignation takes effect on November 4, 2026, coinciding with the Q2 FY27 board meeting, though Poempner will remain until December 31, 2026, to assist in the transition. The Board has appointed current Deputy CFO Ankit Nayyar as the new Group CFO effective November 4, 2026. Nayyar brings roughly two decades of experience, having previously served as CFO of PI Health Sciences.
- Alexander Poempner resigns as Group CFO and KMP after a 5-year tenure
- Cessation takes effect on November 4, 2026, following the Q2 FY27 board meeting
- Transition support extended with Poempner continuing until December 31, 2026
- Ankit Nayyar appointed Group CFO effective November 4, 2026, bringing nearly 20 years of experience
GMM Pfaudler has announced the resignation of Group CFO Alexander Poempner, who is stepping down to pursue new opportunities after a 5-year tenure. The Board has appointed Ankit Nayyar, the current Deputy CFO who joined the company in May 2026, as the new Group CFO effective November 4, 2026, coinciding with the Q2 FY27 results. To ensure an orderly transition, Mr. Poempner will continue with the company through December 31, 2026. Nayyar brings nearly two decades of experience, including previous CFO leadership at PI Health Sciences and finance roles at Bayer and Monsanto.
- Alexander Poempner resigns as Group CFO effective November 4, 2026, after a 5-year tenure
- Outgoing CFO will support the transition until December 31, 2026
- Ankit Nayyar appointed Group CFO effective November 4, 2026; previously joined as Deputy CFO in May 2026
- Incoming CFO has nearly 20 years of experience across pharmaceuticals, specialty chemicals, and manufacturing
GMM Pfaudler announced that Group CFO Alexander Poempner has resigned to pursue outside opportunities after a 5-year tenure. He will step down following the Q2 FY27 board meeting scheduled for November 4, 2026, and remain through December 31, 2026, to assist the transition. The board has appointed Deputy CFO Ankit Nayyar as the new Group CFO effective November 4, 2026. Nayyar joined the company in May 2026 and brings nearly two decades of finance experience, previously serving as CFO of PI Health Sciences.
- Alexander Poempner steps down as Group CFO and KMP effective November 4, 2026
- Transition support extended with outgoing CFO remaining until December 31, 2026
- Ankit Nayyar appointed as incoming Group CFO effective November 4, 2026
- Nayyar joined as Deputy CFO in May 2026 with nearly 20 years of sector experience
- Poempner completes a 5-year tenure with the GMM Pfaudler Group
GMM Pfaudler has announced the resignation of Alexander Poempner as Group CFO & KMP, effective post the Q2 FY27 board meeting scheduled for November 4, 2026, after a 5-year tenure. He will be succeeded by Ankit Nayyar, who joined the company as Deputy CFO in May 2026. Nayyar brings nearly 20 years of experience, including previous CFO leadership at PI Health Sciences and senior finance roles at Bayer-Monsanto. To facilitate a smooth handover, Poempner will remain with the organization through December 31, 2026.
- Alexander Poempner resigns as Group CFO after a 5-year tenure to pursue external opportunities
- Appointment of Ankit Nayyar as Group CFO & KMP effective from November 4, 2026
- Outgoing CFO Alexander Poempner will remain with the group until December 31, 2026, ensuring transition support
- Ankit Nayyar joined the company in May 2026 as Deputy CFO and holds nearly 20 years of finance experience
GMM Pfaudler Limited has announced a scheduled plant visit for analysts and institutional investors on September 7, 2026, in Gujarat. The interaction will be an in-person group meeting starting from 8:30 a.m. IST onwards. The company stated that discussions will be based on publicly available information and no unpublished price-sensitive information will be shared. This is a routine investor relations engagement.
- Plant visit scheduled for September 7, 2026
- Meeting format is an in-person group interaction starting at 8:30 a.m. IST onwards
- Location of the plant visit is Gujarat
- Discussions restricted strictly to publicly available information per SEBI regulations
GMM Pfaudler Limited has informed the exchanges that Mr. Thomas Kehl, Chief Executive Officer - International Business, has retired from the services of the company effective from the close of business hours on August 31, 2026. Consequently, Mr. Kehl ceases to be a Senior Management Personnel. With GMM Pfaudler generating TTM revenue of ₹3,655 Cr and operating ~20 manufacturing facilities globally, international operations remain a core driver of performance. The company has not yet named an immediate successor in this filing.
- Mr. Thomas Kehl retired as Chief Executive Officer - International Business effective close of business hours on August 31, 2026.
- Ceases to be a Senior Management Personnel pursuant to SEBI LODR Regulation 30 disclosures.
- Company oversees ~20 global manufacturing facilities with TTM revenue standing at ₹3,655 Cr.
GMM Pfaudler's wholly owned subsidiary, GMM International S.a.r.l., has repaid EUR 7 million of outstanding debt to its lenders. The repayment was funded entirely through internal accruals, fulfilling the timeline guidance provided in its Q1 FY27 earnings release. This deleveraging step strengthens the balance sheet relative to its reported total debt of Rs 250 crore.
- Repaid EUR 7 million of debt facility availed by subsidiary GMM International S.a.r.l.
- Debt repayment funded entirely through internal accruals
- Completed ahead of/by the guided timeline of end of Q2 FY27 indicated on August 5, 2026
- Supports deleveraging against total reported debt of Rs 250 crore (D/E of 0.30)
GMM Pfaudler Limited has informed the exchanges that its representatives will participate in an in-person investor conference, 'Ashwamedh – Elara India Dialogue 2026', on September 2, 2026, in Mumbai starting at 09:00 AM IST. The company stated that discussions will be based on publicly available information and no unpublished price-sensitive information (UPSI) will be shared. This is a routine schedule intimation under Regulation 30 of SEBI LODR Regulations.
- Participation scheduled for September 2, 2026, from 09:00 a.m. onwards
- Attending 'Ashwamedh – Elara India Dialogue 2026' in person in Mumbai
- Discussions restricted to public domain info with no UPSI shared
Crisil ESG Ratings & Analytics Limited has assigned an independent ESG score of CRISIL ESG 61 ('Strong' category) to GMM Pfaudler based on FY26 data. This marks an improvement from the previous score of CRISIL ESG 50 ('Below Average' category) assigned for FY25. The rating provider conducted this evaluation independently using publicly available information without direct engagement by the company. While this does not impact short-term revenue or earnings, it improves the company's standing among ESG-focused institutional investors.
- ESG rating upgraded to CRISIL ESG 61 ('Strong' Category) based on FY26 data
- Score improved from CRISIL ESG 50 ('Below Average' Category) for FY25
- Independent report dated August 13, 2026 issued voluntarily by CRISIL based on public data
GMM Pfaudler reported a record order backlog of Rs 2,289 crore, marking a 20% increase year-on-year. The company is undergoing a major structural transformation, moving from geographic silos to four global technology-led divisions (CRT, PPT, HET, PST) to improve operational efficiency and cross-selling. Management noted that the Q1 order intake of Rs 1,007 crore consists primarily of shorter-cycle projects (10-12 months) compared to last year's multi-year contracts, providing higher revenue visibility for FY27. Cost optimization efforts are underway, including shifting engineering functions to lower-cost centers in India and Poland.
- Order backlog reached a record Rs 2,289 crore, a ~20% increase compared to the previous year.
- Q1 FY27 order intake stood at Rs 1,007 crore, with a focus on projects executable within 10-12 months.
- CRT (Corrosion Resistance Technologies) division reported Q1 revenues of Rs 466 crore.
- Management expects average interest costs to remain between 6% and 7% for FY27.
- The company is consolidating non-critical activities into a Global Engineering Center (GEC) to optimize costs.
GMM Pfaudler has released the audio recording of its Q1 FY27 earnings conference call held on August 6, 2026. The call discussed the company's performance for the quarter ended June 30, 2026, following a fiscal year (FY26) where revenue reached Rs 3,524 Cr. This disclosure is a standard regulatory requirement under SEBI LODR regulations. Investors can access the recording to understand management's perspective on the chemical and pharma sectors, which drive 75-80% of their Glass-Lined Equipment (GLE) revenue.
- Earnings conference call conducted on August 6, 2026, at 12:00 p.m. IST
- Covers unaudited standalone and consolidated results for the quarter ended June 30, 2026
- Company operates with a global GLE market share of approximately 40%
- Latest TTM revenue reported at Rs 3,524 Cr with an OPM of 11.4%
GMM Pfaudler reported a 16% YoY revenue growth to ₹925 Cr for Q1 FY27, though EBITDA margins compressed to 10.1% from 12.7% in the year-ago period. Net profit surged 118% YoY to ₹22.1 Cr, primarily due to a lower base and reduced exceptional items. Order intake remained robust at ₹1,007 Cr (up 16% QoQ), with non-traditional sectors like mining and petrochemicals now contributing 45% of new orders. The company is reorganizing into four global divisions and plans to repay approximately EUR 7 million in debt by the end of Q2 FY27.
- Revenue grew 16% YoY to ₹925 Cr, representing approximately 26% of TTM revenue.
- Order backlog stands at ₹2,289 Cr, providing revenue visibility for roughly 7-8 months.
- PAT increased 118% YoY to ₹22.1 Cr, although PAT margins remain low at 2.4%.
- Non-traditional industry order intake share rose to 45% in Q1 FY27, up from 33% in FY24.
- Planned debt repayment of ~EUR 7 million (approx. ₹65 Cr) scheduled for completion by Q2 FY27.
Financial Performance
Revenue Growth by Segment
Glass Lined Equipment (GLE) segment accounts for 50% of total revenues. Services and Systems segments contribute significantly to overseas operations. FY24 revenue grew 8% to INR 3,446.5 Cr, while FY25 revenue declined 7% to INR 3,198.7 Cr due to weakness in chemical and pharma sectors.
Geographic Revenue Split
The company operates ~20 manufacturing facilities across the US, Europe, and Asia. Revenue is diversified across these regions, though specific percentage splits per region are not disclosed in the provided documents.
Profitability Margins
Operating profit margins (OPM) declined from 14-15% in H1 FY24 to 11.3% in FY25. Net Profit After Tax (PAT) margin stood at 5.0% in FY24, declining to 1.5% in FY25, and recovering to 2.9% in H1 FY26.
EBITDA Margin
Consolidated EBITDA margin was 13.8% in FY24, which decreased to 11.3% in FY25 (INR 381 Cr, down 20% YoY from INR 476 Cr). H1 FY26 showed recovery to 13.1%.
Capital Expenditure
The company undertakes modest maintenance capex, which is met through internal accruals. Specific historical or planned INR Cr values for total capex are not disclosed.
Credit Rating & Borrowing
Long-term rating reaffirmed at [ICRA]AA- (Stable) and short-term rating at [ICRA]A1+. Interest coverage deteriorated from 5.0x in FY24 to 3.1x in H1 FY26 due to higher finance costs.
Operational Drivers
Raw Materials
Steel is the primary raw material. Volatility in steel prices significantly impacts profitability due to long production cycles (6-9 months for GLE and up to 18 months for heavy engineering).
Import Sources
Not specifically disclosed, but the company utilizes low-cost sourcing strategies to mitigate price volatility.
Capacity Expansion
Currently operates ~20 manufacturing facilities globally. Expansion is primarily driven by acquisitions (e.g., Pfaudler Inc) rather than greenfield unit counts.
Raw Material Costs
Steel price volatility is a major risk factor. The company attempts to pass on price increases to end customers, but long lead times (up to 18 months) create margin pressure.
Manufacturing Efficiency
The company is strengthening internal systems and processes to improve efficiencies and minimize costs, though specific utilization % is not disclosed.
Strategic Growth
Growth Strategy
Strategy focuses on diversifying the revenue base organically and inorganically. This includes foraying into non-GLE segments, expanding the services business, and targeting new industries like nuclear, semaglutide, and lithium purification to reduce dependence on the cyclical pharma and chemical sectors.
Products & Services
Glass-lined equipment (GLE), mixing systems, filtration and drying equipment, engineered systems, heavy engineering projects, and aftermarket services.
Brand Portfolio
GMM Pfaudler, Pfaudler.
New Products/Services
New focus areas include equipment for semaglutide production, nuclear power components, plant-based proteins, bioplastics, and lithium purification.
Market Expansion
Targeting expansion in water treatment, mining, and biogas industries in geographies where current presence is limited.
Market Share & Ranking
Global leader in GLE with ~40% market share; over 50% market share in the Indian domestic market.
External Factors
Industry Trends
The GLE industry is seeing a recovery supported by renewed pharma capex. Agrochemicals are rebounding due to anti-dumping measures against Chinese imports, improving domestic competitiveness.
Competitive Landscape
Intense competition in the domestic and global markets led to margin pressure in H2 FY24 and Q1 FY25.
Competitive Moat
Durable moat through 40% global market share, strong technical capabilities, and an expansive manufacturing footprint of 20 facilities that are difficult for competitors to replicate.
Macro Economic Sensitivity
Highly sensitive to global capital investment cycles in the pharmaceutical and chemical industries.
Geopolitical Risks
Geopolitical tensions impact delivery approvals, as seen in the UK-China vessel shipment restriction.
Regulatory & Governance
Industry Regulations
Operations are subject to government export regulations and delivery approvals, particularly for cross-border shipments of heavy engineering vessels.
Environmental Compliance
Not disclosed in INR Cr, but reported 100% of workers trained on safety.
Risk Analysis
Key Uncertainties
Volatility in steel prices and cyclicality of end-user capex are the primary risks, potentially impacting margins by 2-3% during downturns.
Geographic Concentration Risk
Global footprint with 20 facilities, but revenue remains vulnerable to regional regulatory shifts and geopolitical risks.
Technology Obsolescence Risk
Low risk due to the specialized nature of glass-lining technology, but the company is digitally transforming through its 'Chief Transformation Officer' role.
