SINTERCOM - Sintercom India
📢 Recent Corporate Announcements
Sintercom India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ending March 31, 2026. The certificate, issued by MUFG Intime India Private Limited, confirms that all share dematerialization requests were processed and confirmed to depositories within prescribed timelines. It also verifies that physical certificates were mutilated and cancelled after due verification. This is a standard administrative filing required by all listed entities to ensure the integrity of shareholding records.
- Compliance certificate issued for the quarter ended March 31, 2026
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
- Confirms dematerialized securities are listed on the stock exchanges
- Verification and cancellation of physical certificates completed within mandated timelines
- Confirms update of the register of members with depository names as registered owners
Miba Sinter Holding GmbH & Co KG, a promoter of Sintercom India Limited, has submitted its annual declaration under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter confirmed that no new encumbrances or pledges were created on their shareholding, directly or indirectly, during the period. This filing is a standard regulatory requirement to ensure transparency regarding promoter stake stability. It indicates that the promoter's shares remain free of undisclosed liens or debt obligations.
- Declaration filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Promoter Miba Sinter Holding GmbH & Co KG confirms zero new encumbrances for FY 2025-26.
- The disclosure covers the entire financial year ending March 31, 2026.
- Confirms that all existing encumbrances, if any, have already been disclosed to the stock exchanges.
Sintercom India Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q4 and full-year financial results for the period ending March 31, 2026. The window will remain closed until 48 hours after the audited financial results are declared to the exchanges. The specific date for the board meeting to approve these results is yet to be announced.
- Trading window closure effective from April 1, 2026.
- Closure pertains to the audited financial results for the quarter and year ended March 31, 2026.
- Restriction applies to all designated employees, directors, promoters, and connected persons.
- The window will reopen 48 hours after the official declaration of financial results.
Sintercom India Limited has secured a purchase order valued at ₹3.18 million from Pinnacle Mobility Solutions Pvt Ltd (EKA) for electric vehicle (EV) motor components. The order involves the supply of Central Fork and Half ring parts for 230mm diameter motors used in commercial buses, with execution scheduled for April 2026. This order is a direct outcome of the company's earlier collaboration with Horizon Technology Inc for Soft Magnetic Composite (SMC) parts. Although the financial value is modest, it demonstrates Sintercom's progress in the high-growth EV and industrial motor segments.
- Received purchase order worth ₹3.18 million from domestic entity Pinnacle Mobility Solutions Pvt Ltd (EKA).
- Order involves supply of Central Fork and Half ring for EV motors used in commercial buses.
- The supply contract is slated for execution in April 2026.
- Development follows a strategic collaboration with Horizon Technology Inc for SMC Stator/parts.
Sintercom India reported a 7% year-on-year increase in revenue for Q3 FY26, reaching ₹25.80 crore. However, net profit for the quarter declined by 12.4% YoY to ₹0.37 crore, primarily due to a one-time provision of ₹0.59 crore related to new Labour Code regulations. On a sequential basis, the company showed recovery with revenue growing 9.8% and profit rising 34.3% compared to Q2 FY26. For the nine-month period ending December 2025, the company remains ahead of the previous year with a 45% growth in net profit.
- Revenue from operations grew 7% YoY to ₹25.80 crore in Q3 FY26 compared to ₹24.12 crore in Q3 FY25.
- Net profit stood at ₹0.37 crore, down from ₹0.42 crore in the same quarter last year.
- Profitability was impacted by a one-time ₹0.59 crore expense recognized for Labour Code compliance.
- Nine-month (9M FY26) net profit increased to ₹0.90 crore from ₹0.62 crore in 9M FY25.
- Earnings Per Share (EPS) for the quarter was ₹0.13, compared to ₹0.15 in the year-ago period.
Sintercom India reported a 7% YoY increase in revenue to ₹25.80 crore for the quarter ended December 31, 2025. While quarterly net profit saw a 12.4% YoY decline to ₹0.37 crore, it showed a strong sequential recovery of 34% from the previous quarter. The bottom line was impacted by a one-time provision of ₹0.59 crore related to the new Government Labour Codes. For the nine-month period, the company showed significant growth with net profit rising to ₹0.90 crore compared to ₹0.62 crore in the previous year.
- Revenue from operations grew 7% YoY to ₹25.80 crore in Q3 FY26 compared to ₹24.12 crore in Q3 FY25.
- Net profit for the quarter stood at ₹0.37 crore, down from ₹0.42 crore in the same period last year.
- Nine-month (9M FY26) net profit increased by 45% to ₹0.90 crore from ₹0.62 crore in 9M FY25.
- A one-time employee benefit expense of ₹0.59 crore was recognized due to revised wage definitions in new Labour Codes.
- Earnings Per Share (EPS) for the quarter was ₹0.13, compared to ₹0.15 in Q3 FY25.
Sintercom India Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ended December 31, 2025. The certificate, issued by MUFG Intime India Private Limited, confirms that all securities received for dematerialization were processed within the prescribed timelines. It verifies that physical share certificates were mutilated and cancelled after conversion to electronic form. This is a standard administrative filing required to maintain regulatory transparency regarding shareholding records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited.
- Confirms dematerialization requests were processed and listed on the stock exchange.
- Physical certificates were mutilated and cancelled within prescribed regulatory timelines.
Sintercom India Limited has announced the closure of its trading window for all designated persons, including directors and promoters, starting January 1, 2026. This action is a routine regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter and nine months ending December 31, 2025. The specific date for the board meeting to approve these results will be communicated separately.
- Trading window closure starts on January 1, 2026, for all designated insiders.
- The closure is related to the upcoming financial results for the quarter and nine months ended December 31, 2025.
- Window will reopen 48 hours after the official declaration of the financial results.
- The board meeting date for result approval is yet to be announced by the company.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, Sintered Metal & Auto Components, which generated INR 90.01 Cr in revenue for FY25, representing a 2.6% growth over FY24 revenue of INR 87.71 Cr.
Geographic Revenue Split
West India (Maharashtra/Gujarat) contributes 60% of revenue, while North and South India each contribute 20%.
Profitability Margins
Net Profit Margin declined 44% from 1.32% in FY24 to 0.74% in FY25. Operating Margin remained stable at 7% YoY. Reported PAT for FY25 was INR 0.67 Cr, down 41.7% from INR 1.15 Cr in FY24.
EBITDA Margin
EBITDA margin improved from 7.20% in FY21 to 16.53% in FY24, reflecting a long-term core profitability improvement of 129% over four years.
Credit Rating & Borrowing
Rated by CRISIL. Interest coverage ratio was 3.04 in FY25, a 14% decrease from 3.54 in FY24. Debt-Equity ratio increased 43% to 0.52 in FY25.
Operational Drivers
Raw Materials
Metal powders (Iron, Steel, Copper).
Import Sources
Not disclosed in available documents; however, the company is actively pursuing localization of raw materials to mitigate supply chain risks.
Key Suppliers
Miba Sinter Group (strategic partner and stakeholder).
Capacity Expansion
Not disclosed in available documents; however, higher capacity utilization was cited as a key driver for mitigating margin pressures in FY25.
Raw Material Costs
Cost of materials consumed is a primary expense; localization strategies are used to manage input cost fluctuations and stabilize margins.
Manufacturing Efficiency
Operational efficiency and localization helped mitigate margin pressures despite a 44% drop in net profit margin.
Strategic Growth
Expected Growth Rate
23%
Growth Strategy
Growth will be achieved through diversification into non-automotive industries such as industrial machinery, consumer appliances, medical devices, and aerospace. The company is also expanding its export footprint to global Tier-1 suppliers and leveraging its technical partnership with Miba Sinter Group to maintain single-source supplier status for critical OEM components.
Products & Services
Sintered components for automotive engines, transmissions, and body chassis.
Brand Portfolio
Sintercom.
New Products/Services
New applications for engine, transmission, and body chassis; expansion into medical devices and aerospace components.
Market Expansion
Expansion into global export markets and non-automotive industries (aerospace, medical) to reduce dependency on the domestic passenger vehicle segment.
Strategic Alliances
Miba Sinter Group (significant stakeholder and technology partner).
External Factors
Industry Trends
The automotive industry is seeing a 23% CAGR in sintered component adoption due to stricter emission norms (BS-VI) and the growth of the SUV segment. The industry is shifting toward lightweighting and localization to manage costs.
Competitive Landscape
Competitive pressures from players adopting advanced technologies like additive manufacturing; Sintercom counters this with Miba's technical support and upskilling.
Competitive Moat
Sintercom's moat is built on its strategic partnership with Miba Sinter Group, providing access to 401 patents and specialized sintering technology. This technical leadership allows them to maintain single-source supplier status for critical OEM components, ensuring high switching costs for clients.
Macro Economic Sensitivity
Highly sensitive to domestic automotive demand, particularly in the SUV and compact car segments, and global commodity price cycles.
Consumer Behavior
Shift toward SUVs and compact cars, and increasing demand for fuel-efficient vehicles driving sintered part adoption.
Geopolitical Risks
Exposure to global trade uncertainties and tariffs as the company expands its export footprint.
Regulatory & Governance
Industry Regulations
Compliance with BS-VI emission norms is a key driver for product adoption. The company adheres to Ind AS accounting standards and environmental laws as part of its internal control framework.
Taxation Policy Impact
Ind AS compliant; total tax expense is reported in financial results.
Risk Analysis
Key Uncertainties
Technological obsolescence due to the EV transition (high impact), commodity price volatility, and geographic concentration in West India (60%).
Geographic Concentration Risk
60% of revenue is concentrated in West India (Maharashtra/Gujarat).
Third Party Dependencies
Strategic dependency on Miba Sinter Group for technology, patents, and technical expertise.
Technology Obsolescence Risk
Risk from EV transition is mitigated by diversification into non-auto sectors and exploring new materials and additive manufacturing.
Credit & Counterparty Risk
Trade receivables turnover ratio was 2.38 in FY25, a 15% decrease from 2.79 in FY24, indicating a slight stretch in the collection cycle.