Mandeep Auto Industries Limited (MANDEEP)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Mandeep Auto's revenue was ₹20.1 Cr (+23.3% year on year, +18.0% on the previous half-year), and net profit ₹0.8 Cr (-70.4% year on year); the operating margin was 7.5%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹20.1 | +23.3% | +18.0% |
| Operating profit | ₹1.5 | -46.5% | +101.3% |
| Net profit | ₹0.8 | -70.4% | +148.5% |
| EPS (₹) | 0.72 | -73.1% | +125.0% |
| Operating margin | 7.5% | — | — |
📢 Recent Corporate Announcements
Mandeep Auto Industries Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter and half-year ended September 30, 2026. The certificate, issued by its Registrar and Share Transfer Agent, Cameo Corporate Services Limited, confirms that securities received for dematerialisation were processed and confirmed to depositories. It further verifies that physical certificates were mutilated and cancelled within stipulated timelines. This represents a regular procedural compliance filing with zero operational or financial impact.
- Regulation 74(5) compliance submitted for the quarter and half-year ended September 30, 2026
- Confirmation provided by Registrar and Share Transfer Agent Cameo Corporate Services Limited on October 7, 2026
- Company filing submitted to the National Stock Exchange on October 12, 2026
Mandeep Auto Industries Limited has approved the appointment of Ms. Somya Arora as an Additional Director in the category of Non-Executive Independent Director. Her appointment is effective from October 1, 2026, to September 30, 2031, subject to shareholder approval. Consequent to her induction, the company reconstituted key board committees, appointing her as Chairperson of both the Audit Committee and Stakeholders Relationship Committee.
- Appointment of Ms. Somya Arora as Non-Executive Independent Director for a 5-year term from October 01, 2026, to September 30, 2031
- Somya Arora designated as Chairperson of the Audit Committee and Stakeholders Relationship Committee
- Board meeting commenced at 5:30 p.m. and concluded at 6:30 p.m. on October 01, 2026
- Company reported DIN 11971182 for the appointee, with zero disclosed relationships between directors
Mandeep Auto Industries held its 3rd Annual General Meeting on September 24, 2026. Shareholders approved all 2 ordinary resolutions, including the adoption of FY26 audited financial statements and the reappointment of director Mrs. Nidhi Bedi, with 100% votes polled in favor. A total of 83,69,902 votes were polled, representing 73.18% of the company's total 1,14,37,894 shares. The meeting had 16 shareholders attending in person or through proxy.
- All resolutions passed with 100% of votes (83,69,902 votes) cast in favor and 0% against
- Overall voting turnout was 73.177% of total 1,14,37,894 shares held
- Promoter voting participation stood at 99.9913% (76,67,238 shares out of 76,67,902 held)
- Public non-institutional turnout stood at 20.8012% (7,02,664 votes polled out of 33,77,992 shares)
- Adopted audited financial statements for FY26 and re-appointed Director Mrs. Nidhi Bedi
Mandeep Auto Industries Limited has issued an intimation regarding the dispatch of physical letters to shareholders whose email addresses are not registered with the company or depositories. The letter provides web-links to access the Annual Report and Notice for the 3rd Annual General Meeting (AGM) for FY 2025-26. The AGM is scheduled to be held on Thursday, September 24, 2026, at 2:00 PM IST at the company's registered office in Faridabad, Haryana.
- 3rd Annual General Meeting scheduled for Thursday, 24th September, 2026 at 2:00 P.M. (IST)
- AGM venue set at the Registered Office at Plot No. 26, Nangla, Faridabad, Haryana
- Physical intimation dispatched to shareholders without registered emails pursuant to SEBI LODR Regulation 36(1)(b)
- Annual Report for Financial Year 2025-26 made accessible via the company website and NSE
Mandeep Auto Industries Limited has announced its 3rd Annual General Meeting (AGM) scheduled for September 24, 2026, at 2:00 PM IST at its registered office in Faridabad. The Register of Members and Share Transfer books will remain closed from September 18 to September 24, 2026. The cut-off date to determine shareholder eligibility for remote e-voting has been fixed as September 18, 2026. Remote e-voting will run from September 21 to September 23, 2026.
- 3rd Annual General Meeting scheduled for Thursday, September 24, 2026 at 2:00 PM IST
- Book closure period set from September 18, 2026 to September 24, 2026 (both days inclusive)
- Cut-off date for remote e-voting eligibility fixed as September 18, 2026
- Remote e-voting window opens September 21, 2026 (09:00 AM) and closes September 23, 2026 (05:00 PM)
Mandeep Auto Industries Limited has issued the notice for its 3rd Annual General Meeting scheduled for Thursday, September 24, 2026, at its registered office in Faridabad. The agenda includes the adoption of audited financial statements for FY26 and the re-appointment of Director Mrs. Nidhi Bedi, who retires by rotation. Remote e-voting commences on September 21, 2026, and concludes on September 23, 2026, with the cut-off date set as September 18, 2026.
- 3rd Annual General Meeting scheduled for September 24, 2026 at 2:00 PM IST in Faridabad
- Record/Cut-off date for voting eligibility set as September 18, 2026
- Remote e-voting window open from September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)
- Share transfer books and register of members closed from September 18, 2026 to September 24, 2026
Mandeep Auto Industries announced the outcome of its Board of Directors meeting held on September 02, 2026. The Board approved the Directors' Report and annexures for the financial year ended March 31, 2026, along with the Notice and Calendar of Events for the upcoming Annual General Meeting. Additionally, Ms. Mayuri Sinha of M/s. Mayuri Sinha & Co. was appointed as the Scrutinizer for e-voting and venue voting at the AGM. The announcement is strictly procedural and contains no commercial or operational updates.
- Board meeting conducted on September 02, 2026, from 2:00 P.M. to 3:00 P.M.
- Approved Directors' Report and annexures for the financial year ended March 31, 2026
- Finalized AGM Notice and Calendar of Events for FY 2025-26
- Appointed Ms. Mayuri Sinha, Practicing Company Secretary, as voting Scrutinizer
Mandeep Auto Industries (Market Cap: Rs 21 Cr) has appointed M/s. Sumit Bajaj & Associates as Secretarial Auditors for the financial year 2025-26. The board meeting held on July 30, 2026, was brief, lasting only 30 minutes from 1:00 PM to 1:30 PM. This is a routine regulatory compliance filing under Section 204 of the Companies Act, 2013. No other material business or financial updates were disclosed in this meeting outcome.
- Appointment of M/s. Sumit Bajaj & Associates as Secretarial Auditors for the 2025-2026 financial year
- Board meeting duration was exactly 30 minutes, concluding at 1:30 PM on July 30, 2026
- The company maintains a small market capitalization of Rs 21 Cr with TTM revenue of Rs 69 Cr
- Compliance filing pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Financial Performance
Revenue Growth by Segment
Total income grew by 7.2% YoY to INR 17.10 Cr in H1 FY26 from INR 15.95 Cr in H1 FY25. Segment-specific growth for sheet metal components and sprocket gears is not disclosed.
Geographic Revenue Split
100% domestic (India) based on the company's manufacturing base in Faridabad and its strong Indian customer base.
Profitability Margins
Net Profit Margin improved to 1.95% in H1 FY26 (INR 0.33 Cr profit) from a net loss margin of -8.5% in H1 FY25 (INR 1.36 Cr loss). Full-year FY25 Net Profit Margin was 4.38% (INR 1.41 Cr profit).
EBITDA Margin
4.38% in H1 FY26, representing a 10.12 percentage point improvement from the -5.74% margin in H1 FY25, driven by a 7.2% increase in total income and better cost control.
Capital Expenditure
INR 9.08 Cr allocated for manufacturing expansion, with INR 7.29 Cr (80%) utilized by September 2025 for building construction and equipment purchase to increase operational capacity.
Credit Rating & Borrowing
Not disclosed; finance costs of INR 0.088 Cr on INR 1.80 Cr long-term debt suggest an annualized borrowing cost of approximately 9.8%.
Operational Drivers
Raw Materials
Sheet metal and steel coils, which accounted for 89.2% of total revenue (INR 15.26 Cr) in H1 FY26.
Capacity Expansion
Expansion of the Faridabad unit via a new building and equipment purchase (INR 9.08 Cr), with INR 1.79 Cr remaining for completion by the end of FY26.
Raw Material Costs
INR 15.26 Cr in H1 FY26 (89.2% of revenue), showing a slight improvement from 94.1% in H1 FY25 due to better procurement or pricing.
Strategic Growth
Growth Strategy
Expansion of manufacturing capacity (INR 9.08 Cr investment) and reduction of debt (INR 6.84 Cr) to improve operational leverage and margins.
Products & Services
Sprocket gears, sheet metal components, auto parts, and machined components used in tractors, automobiles, railways, and defense.
Brand Portfolio
Mandeep Auto Industries
New Products/Services
Customized precision components for specialized applications in the defense and DIY industries, expected to contribute to higher margins.
Market Expansion
Expansion of the existing Faridabad facility to scale operations and meet precision requirements.
External Factors
Industry Trends
Growth in the Indian auto component sector (7.2% YoY revenue growth for the company) and increasing demand for precision machining.
Competitive Moat
Durable advantage through long-standing customer relationships since 2000 and ISO certifications provide a competitive edge in regulated sectors like defense.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and the performance of the automotive and agricultural machinery sectors.
Consumer Behavior
Increasing demand for high-precision, customized machined components in the DIY and industrial sectors.
Regulatory & Governance
Industry Regulations
Compliance with ISO 9001:2015 for quality management and ISO 14001:2015 for environmental management standards.
Environmental Compliance
ISO 14001:2015 certification indicates compliance with environmental standards; specific ESG costs are not disclosed.
Taxation Policy Impact
Effective tax rate of 25.5% in H1 FY26; fiscal policies affecting the auto component sector impact overall profitability.
Legal Contingencies
INR 0. The company has no pending litigations that would impact its financial position as per the Auditor's Report.
Risk Analysis
Key Uncertainties
High inventory levels (113% of H1 revenue) and significant trade receivables (48% of H1 revenue) pose liquidity and working capital risks.
Geographic Concentration Risk
100% of manufacturing operations are concentrated in Faridabad, Haryana.
Technology Obsolescence Risk
Risk of obsolescence if the company fails to upgrade its machining and press component technology to meet evolving precision standards.
Credit & Counterparty Risk
Trade receivables of INR 8.26 Cr as of September 2025, representing nearly half of the half-year revenue.
