Readymix Construction Machinery Limited (READYMIX)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Readymix Construction's revenue was ₹63.0 Cr (+13.2% year on year, +127.7% on the previous half-year), and net profit ₹6.7 Cr (-39.8% year on year); the operating margin was 16.4%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹63.0 | +13.2% | +127.7% |
| Operating profit | ₹10.3 | -33.2% | +349.6% |
| Net profit | ₹6.7 | -39.8% | +760.3% |
| EPS (₹) | 6.12 | -39.8% | +762.0% |
| Operating margin | 16.4% | — | — |
READYMIX delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 51.72% of the READYMIX shares traded on NSE were taken to delivery, against the stock's own 20-session average of 76.47%. That is lower than usual for this stock. Turnover was only ₹17 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 50.0% · 83.3% · 47.4% · 46.1% · 51.7%
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
Readymix Construction Machinery Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent Bigshare Services Private Limited confirms that 100% of the company's shares remain in dematerialised form. The RTA reported receiving zero requests for rematerialisation or dematerialisation during the period.
- Compliance certificate filed for the quarter ended September 30, 2026
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Confirmation from Bigshare Services Pvt Ltd confirms zero demat/remat requests received
- Entire shareholding of the company confirmed to be in demat form
Readymix Construction Machinery Limited concluded its 14th Annual General Meeting (AGM) on September 28, 2026, in Pune. The meeting recorded 16 members attending in person out of 875 total shareholders as of the September 21, 2026 cut-off date. Key ordinary business presented for voting included the adoption of audited financial statements for FY2025-26 and the re-appointment of Director Atul Jagannath Kulkarni, who retired by rotation. The remote e-voting window was held between September 24 and September 27, 2026, and final scrutinizer results are awaited.
- 14th AGM held on September 28, 2026, concluding at 11:55 AM
- 16 members attended in person against a legal quorum requirement of 5
- Total shareholder count reported at 875 as of the cut-off date of September 21, 2026
- Remote e-voting conducted from September 24 to September 27, 2026
- Resolutions voted upon included FY26 audited accounts adoption and re-appointment of Director Atul Jagannath Kulkarni
Readymix Construction Machinery has commissioned its third consecutive Bulk Cement Terminal in Mumbai, Maharashtra. The facility features 4,400 tons of cement storage capacity and a monthly handling capacity of 40,000 to 45,000 tons. The company also highlighted favorable policy tailwinds from the Ministry of Railways, which rationalized bulk cement freight charges to a flat Rs 0.90 per tonne per kilometre to spur bulk cement terminal development nationwide. This positions Readymix to capture expanding equipment demand across rail-connected cement logistics.
- Commissioned 3rd consecutive Bulk Cement Terminal in Mumbai, Maharashtra
- Facility features 4,400 tons storage capacity and 40,000–45,000 tons monthly handling capacity
- Indian Railways rationalized bulk cement freight charges to flat Rs 0.90 per tonne per km (GTKM)
- Tank container logistics standardises 26-tonne payload capacity with 25–30 minute turnaround times
Readymix Construction Machinery Limited has issued the notice for its 14th Annual General Meeting (AGM) scheduled for Monday, September 28, 2026, in Pune. The ordinary business includes the adoption of audited standalone financial statements for FY2025-26 and the re-appointment of director Atul Jagannath Kulkarni, who retires by rotation. The remote e-voting window will open from September 24, 2026, to September 27, 2026, with a cut-off date of September 21, 2026.
- 14th AGM scheduled for September 28, 2026 at 10:00 AM in Pune
- Remote e-voting period set from September 24, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
- Cut-off date for e-voting and book closure start date is September 21, 2026
- Agenda includes adoption of FY26 financial statements and director re-appointment
Readymix Construction Machinery has successfully commissioned a new integrated manufacturing facility in Pune, expanding its floor space from 40,000 sq. ft. to 117,822 sq. ft. This nearly 3-fold increase in manufacturing area is designed to meet rising demand in the infrastructure and construction equipment sectors. The company expects this expansion to drive higher operating margins (currently 16.6% TTM) through advanced fabrication systems and economies of scale. With TTM revenue at ₹164 Cr, this significant physical expansion provides the infrastructure necessary to support the company's targeted 15.4% growth rate.
- Manufacturing area expanded from 40,000 sq. ft. to 117,822 sq. ft., a 2.95x increase
- Commissioned a new integrated state-of-the-art facility in Pune, Maharashtra on August 3, 2026
- Horizontal expansion of capabilities to manufacture a wider range of construction and heavy engineering products
- Expected to improve operating margins through advanced manufacturing technologies and quality control processes
- Aims to service existing orders more efficiently while supporting future business growth
Readymix Construction Machinery Limited has responded to NSE's clarification request regarding its financial results for the period ended March 31, 2026. The company explained that the delay in filing on May 29, 2026, was due to technical issues on the NEAPS portal after the board meeting concluded at 12:30 PM. It also clarified that rounding differences (Lakhs in XBRL vs. Hundreds in PDF) were due to filing utility limitations. Furthermore, the company confirmed it operates in a single business segment, negating the need for segment-wise reporting.
- Board meeting for FY26 results concluded at 12:30 PM on May 29, 2026, but filing was delayed by technical portal issues
- XBRL filing used 'Lakhs' rounding while the audited PDF used 'Hundreds' due to software constraints
- Company confirmed it operates in a single business segment for the financial year ended March 31, 2026
- Reported Mar 2026 quarterly revenue of ₹62.96 Cr, contributing significantly to the TTM revenue of ₹164 Cr
Financial Performance
Revenue Growth by Segment
Total revenue from business operations grew 4.99% YoY to INR 73.28 Cr in FY25, up from INR 69.79 Cr in FY24. Specific segment-wise percentage splits are not disclosed, but revenue is derived from Dry Mix Mortar Plants, support equipment for Readymix Concrete, and consultancy services.
Geographic Revenue Split
The company operates primarily out of Pune, Maharashtra, with a factory in Chakan Industrial Area and a corporate office in Kothrud. While specific regional percentage splits are not disclosed, the company identifies cement plants near ports in Gujarat and Visakhapatnam as key strategic areas for export advantages.
Profitability Margins
Net Profit Margin stood at 12.74% in FY25 (INR 9.34 Cr), remaining relatively flat compared to 13.30% in FY24 (INR 9.28 Cr). Profit After Tax (PAT) grew marginally by 0.58% YoY.
EBITDA Margin
EBITDA Margin improved to 20.28% in FY25 (INR 14.86 Cr) from 19.80% in FY24 (INR 13.82 Cr), driven by a 7.5% YoY increase in EBITDA resulting from in-house component manufacturing.
Capital Expenditure
The company invested INR 1.86 Cr in fixed assets during FY25. Additionally, INR 9.37 Cr was invested in short-term assets, largely funded by the IPO proceeds of INR 37.66 Cr.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company significantly reduced its Debt-Equity ratio by 86% (from 0.42 to 0.06) by utilizing IPO proceeds for debt repayment.
Operational Drivers
Raw Materials
The company utilizes various components for machine fabrication; specifically, it has developed 35+ components in-house (such as those for Dry Mix Mortar Plants) to replace external supplier parts, which represents a significant portion of the cost of materials consumed (INR 40.60 Cr in FY25).
Import Sources
Not specifically disclosed, though the company is actively moving toward in-house manufacturing to reduce external sourcing dependencies.
Key Suppliers
Not disclosed in available documents, as the company is focusing on replacing outside suppliers with in-house developed components.
Capacity Expansion
Current installed capacity is not quantified in units, but the company utilized a portion of its INR 37.66 Cr IPO proceeds to fund working capital requirements to support increased production and sales achieved in the latter half of FY25.
Raw Material Costs
Cost of materials consumed stood at INR 40.60 Cr in FY25, representing 55.4% of total revenue. The strategy to develop 35+ products in-house has substantially impacted gross margins by reducing procurement costs.
Manufacturing Efficiency
Efficiency is driven by in-house R&D, which has developed 35+ components over two years, allowing for greater customization and cost savings compared to buying from outside suppliers.
Logistics & Distribution
Not disclosed as a specific percentage of revenue, but the company notes that proximity to ports provides logistical advantages for cement-related equipment exports.
Strategic Growth
Expected Growth Rate
15.40%
Growth Strategy
Growth is targeted through in-house R&D to develop 35+ proprietary components, reducing costs and increasing margins. The company is also expanding its market presence by participating in major industry events like CII EXCON 2025 and leveraging INR 37.66 Cr in IPO funds for working capital and debt reduction to strengthen the balance sheet.
Products & Services
Dry Mix Mortar Plants, support equipment for Readymix Concrete, plant operational software, Business Consultancy Services, and Recipe Consultancy Services.
Brand Portfolio
READYMIX, RMX.
New Products/Services
The company developed 35+ new in-house components over the last two years, which have significantly improved gross margins by replacing outsourced parts.
Market Expansion
The company is targeting the growing Indian cement sector, which is expected to reach 550 MT capacity by 2025, and is showcasing products at EXCON 2025 in Bangalore to attract new clients.
External Factors
Industry Trends
The Indian cement sector is seeing a shift toward higher capacity (550 MT by 2025) and increased automation. Readymix is positioning itself by offering plant operational software and automated engineering solutions to meet this trend.
Competitive Landscape
The industry faces competition from both domestic manufacturers and foreign players entering the Indian cement sector due to steady demand and profit margins.
Competitive Moat
The moat is built on engineering-led customization and in-house R&D (35+ products), which creates a cost advantage and high switching costs for customers using their proprietary software and consultancy.
Macro Economic Sensitivity
Highly sensitive to the construction and cement industries; cement consumption in India is expected to reach 450.78 million tonnes by FY27, directly impacting demand for Readymix machinery.
Consumer Behavior
There is an increasing demand for sophisticated, automated construction machinery and specialized mortar plants in the Indian infrastructure sector.
Geopolitical Risks
The company identifies political instability and civil unrest as external risks that could disrupt operations or market demand.
Regulatory & Governance
Industry Regulations
Operations are subject to government policies, tax regimes, and industrial regulations. The company converted from a Private to a Public Limited company on August 2, 2024, to comply with listing requirements.
Taxation Policy Impact
The effective tax rate for FY25 was approximately 25.8%, with total tax expenses of INR 3.20 Cr on a PBT of INR 12.54 Cr.
Risk Analysis
Key Uncertainties
Key risks include the shortage of trained manpower (potential impact on sales growth), raw material price volatility, and the back-ended nature of sales which impacts working capital efficiency.
Geographic Concentration Risk
High concentration in Pune, Maharashtra, where both the corporate office and factory are located.
Third Party Dependencies
Significantly reduced through the in-house development of 35+ components, though still dependent on external suppliers for non-proprietary machine parts.
Technology Obsolescence Risk
The company mitigates technology risk by providing updates and upgrades for plant operational software and maintaining an active R&D department.
Credit & Counterparty Risk
Trade receivables turnover ratio decreased by 51% to 2.2 in FY25, indicating a potential increase in credit risk or slower collections due to sales being concentrated in the final quarter.
