Holmarc Opto-Mechatronics Limited (HOLMARC)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Holmarc Opto-Mechatronics' revenue was ₹26.0 Cr (+29.2% year on year, +60.9% on the previous half-year), and net profit ₹3.8 Cr (+53.2% year on year); the operating margin was 21.7%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹26.0 | +29.2% | +60.9% |
| Operating profit | ₹5.7 | +61.4% | +707.1% |
| Net profit | ₹3.8 | +53.2% | — |
| EPS (₹) | 3.81 | +53.0% | — |
| Operating margin | 21.7% | — | — |
HOLMARC delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 77.78% of the HOLMARC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 90.91%. That is lower than usual for this stock. Turnover was only ₹9 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 5 sessions in about the last 20.
Delivery in the last 5 sessions: 97.1% · 100.0% · 100.0% · 100.0% · 77.8%
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
Holmarc Opto-Mechatronics Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Issued by its Registrar and Share Transfer Agent, Cameo Corporate Services Limited, the certificate covers the quarter ended September 30, 2026. The RTA confirmed that securities received for dematerialisation during the quarter were nil. Furthermore, no certificates were mutilated or cancelled, and no depository substitutions were made during the period.
- Regulation 74(5) certificate filed for the quarter ended September 30, 2026
- Securities received from depository participants for dematerialisation during the quarter: nil
- Number of security certificates mutilated and cancelled: nil
- RTA confirmation letter dated October 05, 2026 received from Cameo Corporate Services Limited
Holmarc Opto-Mechatronics has received formal sanction from the Department of Industries and Commerce (DIC), Ernakulam, for the transfer of 1 Acre 1 Cent (40.88 Ares) of industrial land along with existing structures and assets in Development Area (DA) Edayar. The site is being taken over from Kochi Castings and Manufacturing Private Limited to expand Holmarc's opto-mechatronics manufacturing footprint. Under the assignment terms, the company is required to execute a hire purchase agreement within 15 days and commence production within 6 months for new products, failing which the land can be resumed. The acquisition provides critical physical infrastructure for a company with TTM revenue of ₹79 Cr and net worth of ₹31 Cr.
- Sanction granted for 1 Acre 1 Cent (40.88 Ares / 101 Cents) of industrial land and existing structures in DA Edayar
- Transferred from Kochi Castings & Manufacturing Pvt Ltd to expand manufacturing operations
- Strict regulatory condition to commence production within 6 months for new product lines (or 3 months for existing lines)
- Hire purchase agreement to be executed within 15 days of order dated September 10, 2026
- Lock-in period of 3 years restricting transfer or changes in constitution
Holmarc Opto-Mechatronics Limited has submitted the voting results and Scrutinizer's Report for its 34th Annual General Meeting held on September 01, 2026. All five resolutions were passed unanimously with 100% votes cast in favor across remote e-voting and physical polling. Key approved items include the adoption of FY26 audited financial statements and a final dividend declaration of Rs 0.50 per equity share. Shareholders also approved the re-appointment of two Whole Time Directors and one rotational director.
- Declared and approved final dividend of Rs. 0.50 per equity share for FY26
- All 5 resolutions passed with 100% assent from valid votes cast
- Remote e-voting recorded 6,309,000 votes in favor, accounting for 62.78% of paid-up capital
- Approved re-appointment of Whole Time Directors Gopala Kurup Unnikrishna Kurup and Jayagosh Unni Srambikkal
Holmarc Opto-Mechatronics Limited announced shareholder approvals from its 34th Annual General Meeting held on September 1, 2026. Shareholders approved the re-appointment of Ms. Jaya Jolly as Whole-Time Director retiring by rotation until September 25, 2030. Additionally, Mr. Gopala Kurup Unnikrishna Kurup and Mr. Jayagosh Unni Srambikkal were re-appointed as Whole-Time Directors for a 5-year term from August 17, 2026, to August 16, 2031. These appointments maintain leadership continuity across executive operations, finance, and procurement.
- Re-appointment of Ms. Jaya Jolly approved as Whole-Time Director until September 25, 2030
- Re-appointment of Mr. Gopala Kurup Unnikrishna Kurup as Whole-Time Director for a 5-year term from August 17, 2026, to August 16, 2031
- Re-appointment of Mr. Jayagosh Unni Srambikkal as Whole-Time Director for a 5-year term from August 17, 2026, to August 16, 2031
- All resolutions approved at the 34th AGM held on September 1, 2026
At the 34th Annual General Meeting held on September 01, 2026, shareholders of Holmarc Opto-Mechatronics approved the re-appointment of three Whole-Time Directors. Mr. Gopala Kurup Unnikrishna Kurup and Mr. Jayagosh Unni Srambikkal have been re-appointed for a 5-year term from August 17, 2026, until August 16, 2031. Additionally, Ms. Jaya Jolly (spouse of MD Jolly Cyriac) was re-appointed upon retirement by rotation for a tenure ending September 25, 2030.
- Shareholders approved executive board re-appointments at the 34th AGM on September 01, 2026
- Gopala Kurup Unnikrishna Kurup re-appointed as Whole-Time Director for a 5-year term through August 16, 2031
- Jayagosh Unni Srambikkal re-appointed as Whole-Time Director for a 5-year term through August 16, 2031
- Jaya Jolly re-appointed as Whole-Time Director upon retirement by rotation till September 25, 2030
Holmarc Opto-Mechatronics Limited announced shareholder approval at its 34th AGM on September 1, 2026, for the re-appointment of three Whole-Time Directors. Ms. Jaya Jolly was re-appointed upon retirement by rotation for a tenure ending September 25, 2030. Additionally, Mr. Gopala Kurup Unnikrishna Kurup and Mr. Jayagosh Unni Srambikkal were re-appointed for a 5-year term from August 17, 2026, to August 16, 2031. This preserves leadership continuity in inventory management, accounts, and operations across its INR 79 Cr TTM revenue base.
- Shareholders approved re-appointments at the 34th AGM concluded at 5:00 PM on September 1, 2026
- Ms. Jaya Jolly re-appointed as Whole-Time Director until September 25, 2030
- Mr. Gopala Kurup Unnikrishna Kurup re-appointed for a 5-year term effective August 17, 2026 to August 16, 2031
- Mr. Jayagosh Unni Srambikkal re-appointed for a 5-year term effective August 17, 2026 to August 16, 2031
Holmarc Opto-Mechatronics Limited conducted its 34th Annual General Meeting on September 01, 2026. Key items tabled for shareholder approval included the adoption of FY26 audited accounts and the declaration of a final dividend of Rs 0.50 (5%) per equity share. Additionally, special resolutions were presented for the re-appointment of Whole-Time Directors Mr. Gopala Kurup Unnikrishna Kurup and Mr. Jayagosh Unni Srambikkal. Final voting results and the Scrutinizer's report will be declared within two working days.
- 34th AGM held on September 01, 2026, attended by 10 shareholders (6 promoter, 4 public)
- Proposed final dividend of Rs 0.50 (5%) per equity share for FY26 put to vote
- Special resolutions presented for re-appointment of two Whole-Time Directors
- Scrutinizer's voting results to be submitted within 2 working days
Holmarc Opto-Mechatronics has scheduled its 34th Annual General Meeting (AGM) for September 1, 2026, to transact business for the 2025-26 financial year. The company has dispatched the Annual Report and AGM notice to shareholders who were on the register as of July 31, 2026. Remote e-voting is scheduled to take place from August 29 to August 31, 2026, for members holding shares on the August 25 cut-off date. This is a standard regulatory procedure for the engineering firm, which currently holds a market capitalization of Rs 111 Cr.
- 34th Annual General Meeting scheduled for September 1, 2026, at 3:30 PM IST
- Cut-off date for determining e-voting eligibility set as August 25, 2026
- Remote e-voting window open for 3 days starting August 29, 2026
- Annual Report dispatched to shareholders listed as of the July 31, 2026, record date
- TTM revenue stands at Rs 79 Cr with a PAT of Rs 8 Cr as per latest financial context
Holmarc Opto-Mechatronics has outlined a strategic roadmap to reach a ₹100 crore revenue milestone, a ~26% increase over its current TTM revenue of ₹79 crore. To achieve this, the company is acquiring assets from Kochi Castings, including one acre of land and a 15,000 sq. ft. building, with plans to construct an additional 35,000 sq. ft. facility. The company is also shifting its marketing strategy from regional offices to a nationwide network of 70+ distributors. Despite muted 10% growth in FY26, the company plans to expand its workforce to 400 by FY27 to support increased production and a long-term export target of 50% of revenue.
- Set a primary revenue milestone of ₹100 crore, requiring ~26% growth from current TTM levels
- Acquiring Kochi Castings assets including 1 acre of land and a 15,000 sq. ft. building for production ramp-up
- Planning construction of an additional 35,000 sq. ft. industrial building to meet manufacturing space requirements
- Signed agreements with 70+ distributors across India, deviating from the previous regional office strategy
- Targeting a workforce of 400 employees by FY27, up from the current 359, to drive productivity
Holmarc Opto-Mechatronics has announced a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026, representing a 5% payout on the face value of ₹10. The company has fixed August 25, 2026, as the record date to determine shareholder eligibility for this payment. To manage tax obligations, the company has outlined specific TDS rates ranging from 10% for residents (above ₹10,000) to 23.92% for certain non-residents. Shareholders are required to submit necessary tax declarations by August 31, 2026, to ensure appropriate withholding.
- Final dividend of ₹0.5 per equity share recommended for FY 2025-26.
- Record date for determining dividend eligibility is Tuesday, August 25, 2026.
- TDS of 10% will be deducted for resident individuals receiving more than ₹10,000 if PAN is provided.
- Non-resident withholding tax rates range from 20.80% to 23.92% including applicable surcharges.
- Deadline for submitting tax-related documents (Form 121/Form 41) is Monday, August 31, 2026.
Holmarc Opto-Mechatronics has fixed August 25, 2026, as the record date for its final dividend of ₹0.5 per share for the financial year ended March 31, 2026. This follows the board's initial recommendation made on May 28, 2026. The company has also scheduled its 34th Annual General Meeting (AGM) for September 1, 2026. Alongside the dividend timeline, the board approved a new Corporate Social Responsibility (CSR) policy and revised policies for related party transactions and remuneration.
- Final dividend of ₹0.5 per share recommended for the financial year ended March 31, 2026
- Record date for dividend entitlement and voting rights fixed as August 25, 2026
- 34th Annual General Meeting scheduled for September 1, 2026, at 3:30 p.m.
- Board meeting duration was 4.5 hours, commencing at 11:00 a.m. and concluding at 3:30 p.m.
- Approval of new Corporate Social Responsibility (CSR) Policy and revised Related Party Transaction policies
Holmarc Opto-Mechatronics has fixed August 25, 2026, as the record date for its final dividend of Rs 0.5 per share for FY26. The company will hold its 34th Annual General Meeting (AGM) on September 01, 2026, in Ernakulam, Kerala. The board also approved a new Corporate Social Responsibility (CSR) policy and revised policies for Related Party Transactions and Nomination/Remuneration. This dividend represents a yield of approximately 0.5% based on the current market price of Rs 101.
- Final dividend of Rs 0.5 per share recommended for the financial year ended March 31, 2026.
- Record date for dividend entitlement and voting rights fixed as Tuesday, August 25, 2026.
- 34th Annual General Meeting scheduled for Tuesday, September 01, 2026, at 3:30 p.m.
- Board approved a new CSR Policy and revised the Materiality of Related Party Transactions Policy.
- Ms. Jaya Jolly recommended for re-appointment as Director, retiring by rotation.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment (scientific instruments). Revenue from operations for the half-year ended September 30, 2025, was INR 16.18 Cr, representing a 4.88% decrease compared to INR 17.01 Cr for the half-year ended September 30, 2024. Total revenue for the full year ended March 31, 2025, was INR 37.17 Cr.
Geographic Revenue Split
The company has a significant export presence with foreign exchange earnings of INR 6.53 Cr in FY 2024-25, contributing approximately 17.57% to the total revenue of INR 37.17 Cr. The remaining 82.43% is primarily derived from the Indian market.
Profitability Margins
Net Profit Margin saw a drastic decline from 7.56% in H1 FY25 to 0.55% in H1 FY26. This was driven by a sharp drop in Net Profit from INR 1.29 Cr to INR 0.09 Cr over the same period, caused by rising employee costs and stagnant revenue.
EBITDA Margin
Operating profit before working capital changes for FY 2024-25 was INR 6.12 Cr, representing an EBITDA-equivalent margin of 16.46% on revenue of INR 37.17 Cr. However, Profit Before Tax for H1 FY26 fell to INR 0.22 Cr from INR 1.86 Cr in H1 FY25, a decline of 88.17%.
Capital Expenditure
In FY 2024-25, the company invested INR 1.37 Cr in the purchase of fixed assets. As of March 31, 2025, tangible fixed assets stood at INR 7.39 Cr.
Credit Rating & Borrowing
Long-term borrowings were minimal at INR 0.25 Cr as of March 31, 2025. Short-term borrowings stood at INR 1.76 Cr. Specific credit ratings and interest rate percentages were not disclosed in the available documents.
Operational Drivers
Raw Materials
Scientific components and materials for opto-mechatronics. Cost of materials consumed was INR 4.28 Cr in H1 FY26, representing 26.45% of total revenue.
Import Sources
Not specifically disclosed, though the company reported a foreign exchange outgo of INR 2.39 Cr in FY 2024-25, indicating significant international sourcing of components.
Raw Material Costs
Raw material costs as a percentage of revenue stood at 26.45% in H1 FY26 (INR 4.28 Cr) compared to 21.74% in H1 FY25 (INR 3.70 Cr). This 4.71 percentage point increase indicates rising procurement costs or less favorable product mix.
Manufacturing Efficiency
Employee benefit expenses are a major cost driver, reaching INR 9.80 Cr in H1 FY26 (60.57% of revenue), up from INR 8.43 Cr in H1 FY25 (49.56% of revenue), suggesting a significant drop in labor productivity or over-staffing.
Logistics & Distribution
Other expenses, which include distribution and administrative costs, were INR 2.76 Cr in H1 FY26, representing 17.06% of revenue.
Strategic Growth
Growth Strategy
The company focuses on technology absorption and R&D to maintain its position in the scientific instrument market. It leverages its 364-member workforce to scale operations and targets international markets, as evidenced by INR 6.53 Cr in export earnings.
Products & Services
Scientific instruments for research, industry, and education, specifically in the opto-mechatronics field.
Brand Portfolio
HOLMARC
Market Expansion
The company is actively pursuing international markets, with current export earnings representing 17.57% of total revenue.
External Factors
Industry Trends
The industry is shifting toward integrated opto-mechatronics and automated research tools. Holmarc is positioning itself as a single-segment specialist in India to capture this shift.
Competitive Landscape
The company operates in a niche market for scientific instruments, competing with both domestic specialized players and international scientific equipment brands.
Competitive Moat
The company's moat is built on specialized technical expertise and a large workforce (364 employees) dedicated to scientific instrument manufacturing, which is difficult for generic manufacturers to replicate.
Macro Economic Sensitivity
Highly sensitive to research and development spending cycles in India and global markets.
Consumer Behavior
Increased focus on indigenous manufacturing (Make in India) for research institutions is a favorable trend for the company.
Geopolitical Risks
Trade barriers or restrictions on scientific equipment could impact the 17.57% of revenue derived from exports.
Regulatory & Governance
Industry Regulations
Compliant with the Companies Act 2013, SEBI LODR Regulations, and Secretarial Standards. It is subject to the Maternity Benefit Act, 1961.
Environmental Compliance
The company reports compliance with energy conservation and technology absorption rules, though specific ESG costs were not disclosed.
Taxation Policy Impact
The company provided INR 0.05 Cr for current tax in H1 FY26 on a PBT of INR 0.22 Cr, implying an effective tax rate of approximately 22.7%.
Legal Contingencies
The Secretarial Audit reported a regulatory non-compliance regarding a vacancy in the office of the Chief Financial Officer (CFO) which was not filled within the mandatory three-month period as per SEBI Regulation 26A(2).
Risk Analysis
Key Uncertainties
The primary uncertainty is the sharp decline in profitability (93% YoY profit drop in H1 FY26), which threatens the sustainability of current dividend levels (INR 0.40 per share).
Geographic Concentration Risk
Approximately 82% of revenue is concentrated in the Indian market, making it vulnerable to domestic policy changes regarding research funding.
Technology Obsolescence Risk
High risk given the rapid pace of change in scientific instrumentation; requires constant R&D and technology absorption.
Credit & Counterparty Risk
Trade receivables stood at INR 4.09 Cr as of March 31, 2025, representing approximately 40 days of sales, indicating relatively healthy collection cycles.
