Presstonic Engineering Limited (PRESSTONIC)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Presstonic Engineering's revenue was ₹20.3 Cr (+13.2% year on year, +0.8% on the previous half-year), and net profit ₹2.3 Cr (-57.1% year on year); the operating margin was 22.5%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹20.3 | +13.2% | +0.8% |
| Operating profit | ₹4.6 | -37.3% | +76.4% |
| Net profit | ₹2.3 | -57.1% | +587.9% |
| EPS (₹) | 1.47 | -57.3% | +600.0% |
| Operating margin | 22.5% | — | — |
PRESSTONIC delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 85.11% of the PRESSTONIC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.09%. That is close to its usual level. Turnover was only ₹16 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal. It closed at a price band (circuit) on 9 sessions in about the last 20. 3 bulk or block deals were reported in PRESSTONIC in the last 60 days: ₹0.62 Cr bought and ₹0.33 Cr sold.
Delivery in the last 5 sessions: 92.8% · 75.8% · 88.2% · 84.0% · 85.1%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 22 Sep | Sell | Hi Growth Corporate Services Pvt Ltd | ₹0.33 Cr | ₹40.00 | 82,400 | Bulk |
| 22 Sep | Buy | Hi Growth Corporate Services Pvt Ltd | ₹0.32 Cr | ₹39.41 | 82,400 | Bulk |
| 21 Sep | Buy | Shah Dipak Kanayalal | ₹0.29 Cr | ₹35.37 | 83,200 | Bulk |
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
Presstonic Engineering has secured a purchase order valued at ₹1,41,55,620 (₹1.42 crore) from Titagarh Rail Systems Limited. The order entails supplying cable ducts for the prototype requirements of the first 2 train sets under the Vande Bharat Sleeper project. While the initial order is modest at ~2.3% of Presstonic's TTM revenue (₹62 crore), Titagarh's total project scope encompasses 80 train sets, providing substantial follow-on potential.
- Received order valued at ₹1,41,55,620 from M/s Titagarh Rail Systems Limited
- Scope covers supply of Cable Ducts for the first 2 prototype train sets
- Titagarh's full Vande Bharat Sleeper project consists of 80 train sets
- Purchase order received under PO Number: 4500033913
Presstonic Engineering conducted its 5th Annual General Meeting, disclosing an order book of approximately ₹156.16 Cr as of September 22, 2026, which represents ~2.5x of its TTM revenue of ₹62 Cr. Management expects H1 FY27 revenue of approximately ₹30 Cr and projects 50% to 60% sales growth for FY27 over FY26 revenue of ₹40.50 Cr. Key growth drivers include execution of the Mumbai Metro Lines 5 & 6 interiors order from Titagarh Rail Systems and expansion into high-speed rail and export markets. The company passed resolutions including an increase in borrowing limits under Section 180(1)(c).
- Confirmed order book stands at ₹156.16 Cr as on September 22, 2026 (Metro: ₹151.77 Cr, Non-Metro: ₹3.44 Cr, High-Speed Rail: ₹0.95 Cr)
- H1 FY27 revenue is guided at approximately ₹30 Cr, with full-year FY27 sales expected to grow 50% to 60% over FY26
- FY26 revenue from operations reached ₹4,050.26 lakhs (up 92.53% YoY) with PAT of ₹259.74 lakhs (EPS ₹3.17)
- Debt-to-Equity improved to 0.31x following a ₹26.37 Cr rights issue that boosted net worth to ₹53.82 Cr
- Shareholders approved an increase in borrowing limits under Section 180(1)(c) to support planned capex and execution
Presstonic Engineering Limited has secured a purchase order worth ₹2.63 crore from Titagarh Rail Systems Limited (TRSL) for the Surat Metro Project under GMRC. The contract entails design, manufacture, supply, installation, testing, and commissioning of cable duct assemblies for 14 trainsets (42 coaches). The order value represents approximately 4.2% of the company's TTM revenue of ₹62 crore. Delivery is scheduled at 4 trainsets per month, starting within 45 days of confirmation.
- Received contract valued at ₹2,63,40,256.56 from Titagarh Rail Systems Limited
- Scope covers cable duct assemblies for 14 trainsets totaling 42 coaches for the Surat Metro Project
- Delivery timeline requires the first 2 trainsets within 45 days, followed by 4 trainsets per month
- Order confirmation received on September 20, 2026
Presstonic Engineering has successfully upgraded its welding quality certification from EN 15085-2 Classification Level CL2 to the highest level, CL1. The certification was audited by Germany-based DVS ZERT GmbH and is valid until 30th July 2029. This upgrade qualifies the company to manufacture safety-critical structural railway components such as bogies, underframes, and vehicle bodies, expanding beyond its traditional metro interior portfolio. For a micro-cap company with TTM revenue of ₹62 Cr, this enhances addressable market eligibility for major global rolling stock clients.
- Upgraded welding quality certification from EN 15085-2 Level CL2 to Level CL1
- Certification audited and issued by Germany-based DVS ZERT GmbH
- Registration number DVSZERT/15085/CL1/397/15/2 is valid till 30th July 2029
- Expands manufacturing scope to safety-relevant parts including bogie components, underframes, and body structures
Presstonic Engineering Limited has issued the notice for its 5th Annual General Meeting (AGM) scheduled for September 24, 2026, via Video Conferencing. A key special resolution seeks shareholder approval to raise the company's borrowing limit under Section 180(1)(c) up to ₹100 crore, creating headroom relative to its current debt of ₹17 crore and net worth of ₹54 crore. Ordinary business includes the adoption of FY26 financial statements and the re-appointment of Non-Executive Director Ms. Vidyalakshmi Rao. The cut-off date to determine voting eligibility is September 17, 2026, with remote e-voting available from September 21 to September 23, 2026.
- 5th Annual General Meeting scheduled for September 24, 2026 at 12:30 PM IST via VC/OAVM.
- Proposed special resolution to increase borrowing limit to ₹100 crore under Section 180(1)(c).
- Voting cut-off date fixed as September 17, 2026; remote e-voting open from September 21 to September 23, 2026.
- Ordinary resolution proposed for re-appointment of retiring director Ms. Vidyalakshmi Rao.
Presstonic Engineering Limited held its Board of Directors meeting on August 25, 2026. The board approved the fixation of the day, date, time, and venue for the company's 5th Annual General Meeting (AGM). Additionally, the board approved the re-appointment of Ms. Vidyalakshmi Rao (Non-Executive Director), who is retiring by rotation and has offered herself for re-appointment. The meeting commenced at 2:30 PM and concluded at 4:00 PM.
- Board meeting held on August 25, 2026, from 2:30 PM to 4:00 PM
- Approved procedural details for convening the 5th Annual General Meeting (AGM)
- Approved the re-appointment of Non-Executive Director Ms. Vidyalakshmi Rao (DIN: 10191959) retiring by rotation
Presstonic Engineering Limited has received a purchase order valued at ₹1.03 Cr (excluding GST) from Titagarh Rail Systems Limited on August 21, 2026. The contract covers the design, manufacture, and supply of 261 sets of Under Seat Box items, including Parking Brake Boxes and Wheelchair Ramps, for the Surat and Ahmedabad Metro Projects. While the contract value is modest at approximately 1.7% of TTM revenue (₹62 Cr), it underscores continued order traction with key rail rolling stock OEMs.
- Received purchase order valued at ₹1,03,07,854.00 (excluding GST) from Titagarh Rail Systems Limited
- Covers design, manufacture, and supply of 261 sets of Under Seat Box items
- Components designated for the Surat and Ahmedabad Metro Projects
- Order represents ~1.7% of TTM revenue of ₹62 Cr
Presstonic Engineering Limited has responded to a surveillance query from the National Stock Exchange (NSE) regarding significant price volatility in its equity shares. In its reply dated August 11, 2026, the company stated that all price-sensitive information has been disclosed in a timely manner under SEBI Regulation 30. The management clarified that there are no undisclosed material events or developments impacting the company's operations or performance. Consequently, the company attributes the recent price volatility purely to market conditions.
- NSE issued a clarification request on August 10, 2026, regarding share price movement
- Company responded on August 11, 2026, denying any undisclosed material information
- Management stated price movement is 100% market-driven and not connected to internal developments
Financial Performance
Revenue Growth by Segment
Total income declined 20.83% to INR 21.44 Cr in FY25 from INR 27.08 Cr in FY24. This was primarily due to lower order execution in the metro rail segment during H1FY25, which was impacted by the general elections in India slowing down project timelines.
Geographic Revenue Split
The company is primarily focused on the Indian metro rail market, but it has developed non-metro products like commercial kitchen oven parts specifically for the export market. Specific percentage splits by region are not disclosed in available documents.
Profitability Margins
Net profit margin fell significantly from 9.64% in FY24 to 4.11% in FY25, a 57.41% decrease. This decline was driven by lower revenue scale and reduced absorption of fixed costs.
EBITDA Margin
Operating margins (EBITDA equivalent) moderated to 21.99% in FY25 from 23.06% in FY24. Core profitability remains healthy but was slightly squeezed by lower revenue scale and fixed cost absorption.
Capital Expenditure
Not disclosed in available documents, though the company recently improved its capital structure through an IPO in FY24 to support growth.
Credit Rating & Borrowing
Long-term bank facilities are rated CARE BB; Stable and short-term facilities are CARE A4. The company's overall gearing was 0.62x as of March 31, 2025, reflecting a comfortable capital structure.
Operational Drivers
Raw Materials
Specific raw materials include steel and aluminum used for manufacturing metro seats and EV components. While specific cost percentages are not disclosed, raw material availability and pricing are cited as significant risk factors for margins.
Capacity Expansion
The company utilizes in-house laser, CNC, and welding machines to reduce vendor dependency. While specific capacity units are not disclosed, the order book is currently double the FY24 revenue, indicating a need for high utilization.
Raw Material Costs
Total expenses were INR 20.55 Cr in FY25, a 15.33% decrease YoY. Raw material costs are a major component, and the company manages procurement through minimum order quantity policies, which led to a 425-day operating cycle.
Manufacturing Efficiency
Inventory turnover ratio fell 27.29% to 1.71 in FY25, and trade receivables turnover fell 58.60% to 1.81, indicating a temporary decline in operational efficiency due to lower order execution.
Strategic Growth
Growth Strategy
The company plans to achieve growth by diversifying into non-metro sectors such as commercial kitchen ovens, EV aluminum products, and stainless steel solutions. This strategy aims to leverage existing manufacturing capabilities while reducing the 98% revenue dependency on the metro rail segment.
Products & Services
Metro rail seats, interior items, commercial kitchen oven parts, support kits, racks, shelves, and aluminum products for electric vehicles (EVs).
Brand Portfolio
Presstonic.
New Products/Services
New products include aluminum components for EVs and commercial kitchen oven products (racks, shelves). These are expected to diversify revenue streams, though specific contribution percentages are not yet disclosed.
Market Expansion
The company is targeting export markets for its non-metro products, specifically commercial kitchen oven parts, to expand its geographic footprint beyond India.
Strategic Alliances
Maintains long-term supply relationships with reputed global and domestic players including Alstom, BEML, and Siemens Mobility Austria.
External Factors
Industry Trends
The Indian rail market is growing rapidly with strong government support for metro and intercity trains. The industry is evolving towards more specialized interiors and EV-compatible components, where the company is positioning itself.
Competitive Landscape
Operates in a competitive industry with no entry barriers, facing pressure from both large organized players with more capital and smaller unorganized regional players.
Competitive Moat
The moat is sustained by the company's ability to meet stringent quality certifications and its established position as a supplier to global majors like Alstom and Siemens, which creates high barriers for new entrants.
Macro Economic Sensitivity
Highly sensitive to government infrastructure spending and political stability. The FY25 revenue drop of 20.83% highlights the impact of election-related project delays on the business.
Consumer Behavior
Increasing urbanization and government focus on green mobility are driving demand for metro rail and EVs, directly benefiting the company's core and new product lines.
Geopolitical Risks
Exposed to global trade frictions and economic developments in countries where it conducts business, which could impact the cost of raw materials or demand for export products.
Regulatory & Governance
Industry Regulations
Must comply with stringent domestic and international quality standards for rail and EV products. Changes in governmental regulations or pollution norms could impact manufacturing processes.
Taxation Policy Impact
The company is subject to Indian corporate tax laws, with an effective tax impact reflected in its FY25 PAT of INR 86.40 Lakhs. Changes in tax regimes are cited as a risk factor.
Legal Contingencies
Pending litigations are disclosed in Note 51 of the financial statements, which the company notes could impact its financial position.
Risk Analysis
Key Uncertainties
The primary uncertainty is the 98% revenue concentration in the metro rail segment and the high working capital intensity (425-day cycle), which could strain liquidity if sales growth slows.
Geographic Concentration Risk
Heavy concentration in the Indian market for metro projects, though it is diversifying into export markets for non-metro products.
Third Party Dependencies
High dependency on top 5 customers (98% of revenue) and raw material vendors, though in-house machinery helps mitigate some vendor risks.
Technology Obsolescence Risk
The company uses ERP systems and IT-based operations to ensure efficiency and minimize manual errors, staying current with manufacturing technology like CNC and laser machines.
Credit & Counterparty Risk
Counterparty risk is mitigated by dealing with large, reputed companies like Siemens and Alstom, although the trade receivables turnover ratio slowed to 1.81 in FY25.
