Technocraft Industries (India) Limited (TIIL)
₹2,630.40 +1.74% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Technocraft Industries' revenue was ₹805 Cr (+27.2% year on year, +13.1% on the previous quarter), and net profit ₹138 Cr (+67.3% year on year); the operating margin was 22.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹805 | +27.2% | +13.1% |
| Operating profit | ₹178 | +59.0% | +27.8% |
| Net profit | ₹138 | +67.3% | +76.6% |
| EPS (₹) | 58.97 | +68.4% | +75.7% |
| Operating margin | 22.1% | — | — |
TIIL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 44.12% of the TIIL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 50.96%. That is close to its usual level. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 45.4% · 43.2% · 42.4% · 46.9% · 44.1%
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
Technocraft Industries (India) Limited submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The RTA confirmed that no requests for dematerialisation were received from shareholders during the quarter. This filing represents a standard quarterly regulatory compliance requirement.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited dated October 6, 2026
- Confirmed zero dematerialisation requests received from shareholders during the quarter
Technocraft Industries (India) Limited (TIIL) has announced that its subsidiary, Technosoft Engineering Projects Limited, has decided not to proceed with the proposed acquisition of a 100% equity stake in Japan-based Technosoft Integrated Solutions K.K., terminating earlier discussions initiated on July 20, 2026. The target company was newly incorporated and had not yet commenced commercial operations. Consequently, the company stated that there are no material financial implications resulting from this cancellation. With TIIL reporting TTM revenue of ₹2,769 Cr and TTM PAT of ₹348 Cr, this termination will have virtually no impact on current consolidated earnings.
- Proposed acquisition of 100% equity stake in Technosoft Integrated Solutions K.K. called off.
- Prior disclosure regarding the acquisition was dated July 20, 2026.
- Target entity was newly incorporated in Japan with no started business operations.
- No material financial implications reported from terminating the agreement.
Technocraft Industries (India) Limited has approved the designation of 9 internal executives as Senior Management Personnel (SMP) effective October 1, 2026. The changes stem from internal role reorganizations across its core divisions including Extrusion & Formwork, Strategy, Textile, Procurement, Legal, and HR. Notably, Mr. Deepak Mishra is designated as CEO - Extrusion and Formwork Division, and Mr. Amit Musaddy as Chief Strategy Officer. The moves reflect organizational alignment without any external executive departures or sudden terminations.
- 9 executives designated as Senior Management Personnel effective October 1, 2026
- Covers key segments including Extrusion & Formwork, Apparel, Strategy, and Procurement
- All appointments are internal role and designation reclassifications under existing full-time employment
- Board approved recommendations of Nomination & Remuneration Committee on September 29, 2026
Technocraft Industries (India) Limited (TIIL) has issued a communication to shareholders whose email addresses are unregistered, providing a weblink and QR code for the FY 2025-26 Annual Report and Notice of the 34th Annual General Meeting (AGM). The AGM is scheduled for Monday, September 28, 2026, at 11:30 AM IST via Video Conferencing. Remote e-voting commences on September 24, 2026, at 9:00 AM IST and ends on September 27, 2026, at 5:00 PM IST based on the cut-off date of August 28, 2026. This is a standard statutory compliance filing under SEBI LODR Regulation 36(1)(b).
- 34th Annual General Meeting scheduled for Monday, September 28, 2026, at 11:30 AM IST via VC/OAVM
- Remote e-voting window opens September 24, 2026 (9:00 AM IST) and closes September 27, 2026 (5:00 PM IST)
- Shareholder eligibility cut-off date fixed as August 28, 2026
- Issued under Regulation 36(1)(b) of SEBI LODR for shareholders with unregistered email IDs
Technocraft Industries (India) Limited has issued the notice for its 34th Annual General Meeting scheduled for September 28, 2026. Key agenda items include approval for related-party export transactions of up to ₹600 crore with step-down subsidiary AAIT/Technocraft Scaffold Distribution LLC FZE for FY27, which represents approximately 21.7% of its TTM revenue of ₹2,769 crore. Additionally, the company seeks shareholder approval to enhance financial assistance (loans/guarantees) to 70%-owned subsidiary Techno Defence Private Limited up to ₹10 crore (from ₹5.20 crore). Re-appointments of directors Mr. Navneet Kumar Saraf and Mr. Ashish Kumar Saraf are also tabled.
- 34th Annual General Meeting convened for Monday, September 28, 2026, via Video Conferencing.
- Proposed approval for export sales transactions up to ₹600 crore with step-down subsidiary AAIT/Technocraft Scaffold Distribution LLC FZE for FY 2026-27 (~21.7% of TTM revenue).
- Approval sought to extend loans/guarantees/security up to ₹10 crore to 70%-owned subsidiary Techno Defence Private Limited (increased from ₹5.20 crore).
- Ratification of cost auditor remuneration of ₹1,00,000 for FY 2026-27.
Technocraft Industries (TIIL) released its Q1 FY27 earnings conference call transcript. The company reported consolidated Scaffolding revenue of ₹240 crore and Mach One (Aluminum Formwork) revenue of ₹165 crore for the quarter. The Drum Closures segment achieved a record ~43% EBIT margin supported by export volume and rupee depreciation, though management maintained a sustainable margin outlook of >30%. Additionally, the company is winding down fabric operations, realizing ₹25-30 crore from machinery sales and ₹15-20 crore in released working capital.
- Scaffolding and Mach One formwork generated quarterly revenues of ₹240 crore and ₹165 crore, respectively
- Drum Closures segment reached a historic high EBIT margin of ~43%, above long-term guidance of >30%
- Defence vertical order book stands at ~₹20-21 crore, including ~₹10 crore for missile canisters and orders for JT Coolers
- Fabric division shutdown released ₹15-20 crore in working capital with machinery sold for ₹25-30 crore
- Aluminum extrusion plant operates at 100% capacity, helping offset rising raw material costs
Technocraft Industries (India) Limited has shared the audio recording link for its investor and analyst conference call discussing financial results for the quarter ended June 30, 2026 (Q1 FY27). The disclosure is submitted pursuant to Regulation 30 of SEBI LODR Regulations. For context, the company reported revenue of Rs 804.97 crore and net profit of Rs 137.75 crore in the June 2026 quarter.
- Published web link for the audio recording of the investor conference call for the quarter ended June 30, 2026.
- Filing executed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Audio file hosted on the company website as Concall-Audio-FY27-Q1.mp3.
Technocraft Industries (TIIL) reported a 23.8% YoY growth in its Engineering & Designing Services revenue, reaching ₹78 Cr for the quarter ended June 30, 2026. The company maintains a dominant 36% global market share in drum closures and is strategically pivoting its scaffolding division toward the domestic Indian market to mitigate the impact of 25% US steel tariffs. While the Engineering segment faces short-term margin pressure due to AI adoption investments, EBIT for the segment rose slightly to ₹11 Cr. The company's credit profile remains robust with a CRISIL AA- rating on ₹976 Cr of bank facilities.
- Engineering division revenue increased to ₹78 Cr in Q1 FY27 from ₹63 Cr in the same period last year.
- Maintains a leading 36% worldwide market share in the steel drum closures segment.
- Engineering EBIT rose to ₹11 Cr from ₹10 Cr YoY, despite margin pressure from AI-related technology investments.
- Promoter holding remains stable at 74.75% as of June 30, 2026.
- Total bank loan facilities of ₹976 Cr rated CRISIL AA-/Stable and CRISIL A1+.
Technocraft Industries (TIIL) reported a strong start to FY27 with consolidated revenue growing 27.2% YoY to ₹804.97 Cr. Net profit surged 45.1% YoY to ₹85.99 Cr, significantly outpacing revenue growth due to high-margin performance in the Drum Closures segment. The Drum Closures division achieved an impressive EBIT margin of 44.3%, contributing ₹77.78 Cr to profits. While the Scaffolding division remains the largest revenue contributor at ₹321.45 Cr, the Fabric division continues to be a drag with a segment loss of ₹2.34 Cr.
- Consolidated Revenue from Operations grew 27.2% YoY to ₹804.97 Cr from ₹632.85 Cr.
- Net Profit after tax increased 45.1% YoY to ₹85.99 Cr compared to ₹59.26 Cr in Q1 FY26.
- Drum Closures division delivered a high EBIT of ₹77.78 Cr on revenue of ₹175.71 Cr.
- Scaffolding division revenue rose to ₹321.45 Cr, up from ₹297.51 Cr in the year-ago period.
- Basic EPS for the quarter improved to ₹37.93 from ₹26.14 YoY.
Technocraft Industries (India) Limited (TIIL) has announced the rescheduling of its conference call to discuss financial results for the quarter ended June 30, 2026. The call, originally slated for Friday, August 14, 2026, will now be held on Monday, August 17, 2026, at 11:30 AM IST. The management team, including the Chairman and MD, will be present to discuss the Q1 FY27 performance. This is a standard administrative update for the investment community.
- Conference call rescheduled from August 14, 2026, to August 17, 2026
- The call is scheduled for 11:30 AM IST to discuss Q1 FY27 financial performance
- Management participation includes the Chairman, Co-Chairman, CEO, and CFO
- The call follows the financial results for the quarter ended June 30, 2026
Technocraft Industries (India) Limited (TIIL) has scheduled its Q1 FY27 earnings conference call for August 14, 2026, at 11:30 AM IST. The call, hosted by 360 ONE Capital Market Research, will feature the full top management team, including the Chairman, CEO, and CFO. This follows a fiscal year (FY26) where the company maintained a revenue of Rs 2,596 Cr and an operating margin of 17%. Investors will likely seek updates on the commissioning of enhanced aluminum formwork capacity and the mitigation of US steel tariffs.
- Conference call scheduled for August 14, 2026, at 11:30 AM IST to discuss Q1 FY27 results.
- Management representation includes the Chairman, Co-Chairman, CEO, and both Group and Company CFOs.
- The company reported a TTM revenue of Rs 2,596 Cr and a PAT of Rs 293 Cr leading into this period.
- TIIL currently maintains a 36% global market share in drum closures, a key business segment.
- The call will likely address the strategic pivot toward the domestic Indian construction market to offset US trade barriers.
Technocraft Industries (TIIL) has decided to discontinue its Fabric Division operations at Murbad, Maharashtra, effective July 20, 2026. The division has been a consistent drag on profitability, reporting a loss of ₹2.86 Cr in FY26 and ₹10.73 Cr in FY24. The discontinued division's FY26 turnover of ₹125.83 Cr represents approximately 4.8% of the company's TTM revenue. Management clarified that the Yarn and Garment businesses will continue operations through other units and subsidiaries.
- Discontinuation of Fabric Division at Murbad due to prolonged losses and adverse market conditions.
- Division turnover stood at ₹125.83 Cr in FY26, down from ₹172.84 Cr in FY25.
- Losses from the division narrowed to ₹2.86 Cr in FY26 from ₹10.73 Cr in FY24 before the closure.
- Garment business to continue via Technocraft Fashions Limited with facilities in Amravati and Betul.
- Yarn Division remains operational with 62,000 total spindles across two locations.
Technocraft Industries (India) Limited (TIIL) has announced the immediate closure of its Fabric Division at Murbad, Maharashtra, effective July 20, 2026. The division has been a financial drag, reporting a loss of ₹2.86 Cr in FY26 and a much larger loss of ₹10.73 Cr in FY24. While the closure will reduce total revenue by approximately 4.8% (based on FY26 turnover of ₹125.83 Cr vs TTM revenue of ₹2596 Cr), it is expected to be margin-accretive by eliminating a loss-making segment. The company's core Yarn and Garment businesses remain operational through other facilities.
- Fabric division turnover declined 27% from ₹172.84 Cr in FY25 to ₹125.83 Cr in FY26.
- The division incurred cumulative losses of ₹19.82 Cr over the last three financial years.
- Closure impacts approximately 4.8% of the company's TTM revenue of ₹2596 Cr.
- Yarn operations continue with 62,000 total spindles across Amravati and subsidiary units.
- Garment manufacturing remains unaffected at Amravati and Betul facilities.
Technocraft Industries (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by its Registrar and Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled as per regulations. This filing is a standard administrative requirement for all listed companies in India to ensure the integrity of the share registry. There are no financial implications or changes to business operations arising from this announcement.
- Covers the reporting period for the quarter ended June 30, 2026
- Confirmation provided by RTA MUFG Intime India Private Limited on July 1, 2026
- Confirms that security certificates were mutilated and cancelled after due verification
- Confirms the name of depositories substituted in the register of members within prescribed timelines
Technocraft Industries (India) Limited (TIIL) has announced the closure of its trading window for all designated persons starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the unaudited financial results are approved by the Board and filed with stock exchanges. The specific date for the Board meeting to approve these results will be announced at a later date.
- Trading window closure begins on July 1, 2026, for all connected and designated persons.
- The closure is related to the approval of unaudited financial results for the quarter ending June 30, 2026.
- The window will reopen 48 hours after the financial results are filed with the NSE and BSE.
- The date for the Board of Directors meeting to approve the results is yet to be determined.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 10% YoY to INR 2,182 Cr in FY24. Segment growth was led by Scaffolding at 16% (INR 1,032 Cr) and Drum Closures at 16% in 9M FY25. The Yarn division saw a 6% revenue drop in FY24 but recovered with 8% growth in 9M FY25. Engineering & Designing (ER&D) revenue reached INR 238.52 Cr on a TTM basis as of Sep-25.
Geographic Revenue Split
TIIL derives 69% of its total revenue from global markets. The Scaffolding and Formwork segment is particularly export-oriented, with 70-75% of its revenue accruing from overseas markets, including 50% of segment sales specifically to the US.
Profitability Margins
Operating margins stood at 19% in FY24 but moderated to 16% in 9M FY25 due to higher raw material costs. PAT margin was 12.78% in FY24 (INR 279 Cr PAT). The company expects margins to stabilize at 16-17% over the medium term as it passes on tariff costs to customers.
EBITDA Margin
Operating profit margin was 18.87% in FY25 compared to 17.95% in FY24, representing a 5.10% improvement. However, 9M FY25 margins dipped to 16% from historical levels of 21-23% due to raw material volatility and US steel tariffs.
Capital Expenditure
TIIL is executing a INR 525 Cr capex plan across its scaffolding and textile divisions (FY24 and YTD FY25). This expansion is funded 40% by debt and 60% through internal accruals to support the new aluminum formwork segment.
Credit Rating & Borrowing
The company holds a 'CRISIL A1+' short-term rating and a 'CRISIL A+/Positive' long-term rating. Interest coverage remains robust at 12.43 times in FY25, up from 10.25 times in FY24, indicating strong debt-servicing capability despite new borrowings.
Operational Drivers
Raw Materials
Primary raw materials include Steel (for scaffolding and drum closures) and Cotton (for the yarn and fabric divisions). Steel costs are highly sensitive to global commodity cycles and US import tariffs of 25%.
Capacity Expansion
Current drum closure capacity is 75 million sets (55M in India, 20M in China). Scaffolding capacity is 50,000 tonnes. Expansion is underway in the aluminum formwork segment, with enhanced capacities expected to be commissioned by FY26.
Raw Material Costs
Raw material costs led to a margin compression from 19% to 16% in 9M FY25. The company employs a pass-through mechanism for tariffs and uses cost-optimization measures in the textile division to mitigate high cotton prices.
Manufacturing Efficiency
Operating efficiency is supported by technical expertise in drum closures (36% global market share). Return on Net Worth improved to 17.07% in FY25 from 12.52% in FY24 due to better asset utilization.
Strategic Growth
Expected Growth Rate
10-15%
Growth Strategy
Growth will be driven by the commissioning of enhanced aluminum formwork capacity in FY26 and a strategic pivot toward the domestic Indian construction and infrastructure market. The ER&D division is targeting a quarterly revenue run rate of INR 75-80 Cr by Q4 FY25 through increased bench strength and operating leverage.
Products & Services
Drum closures, clamps, metal capseals, scaffolding systems, MachOne engineered formwork, cotton yarn, fabric, and engineering & design (ER&D) services.
Brand Portfolio
MachOne (Formwork systems).
New Products/Services
Sophisticated engineered aluminum formwork systems and lower-value scaffolding products tailored for the domestic Indian market.
Market Expansion
Expansion into the domestic Indian building, construction, and infrastructure sectors to offset global slowdowns and trade barriers in the US and Europe.
Market Share & Ranking
TIIL is the leading global manufacturer of drum closures with a 36% worldwide market share. It is also a significant player in the international scaffolding industry.
Strategic Alliances
The company operates through several marketing subsidiaries in the US, Europe, and Australia, and has manufacturing operations in China.
External Factors
Industry Trends
The industry is seeing a demand revival in drum closures (16% growth) and a shift toward sophisticated engineered formwork in construction. TIIL is positioning itself by expanding its aluminum formwork capacity to meet this technological shift.
Competitive Landscape
TIIL maintains a dominant position in drum closures and is increasing market share in scaffolding, competing against global players in the oil & gas and infrastructure supply chains.
Competitive Moat
TIIL's moat is built on a 36% global market share in drum closures and high technical expertise. This is sustainable due to the value-added nature of drum closures and the company's established global distribution network.
Macro Economic Sensitivity
Highly sensitive to global economic revival and commodity price cycles (Steel and Cotton). A slowdown in global economic operations directly impacts the 69% of revenue derived from international markets.
Consumer Behavior
Increased demand for sophisticated, engineered formwork systems for building and infrastructure projects is driving the company's shift toward value-added products.
Geopolitical Risks
Trade barriers, specifically the 25% US tariff on steel, represent a major geopolitical risk to the scaffolding segment's profitability and competitive positioning in North America.
Regulatory & Governance
Industry Regulations
Operations are subject to international trade regulations, specifically US steel tariffs and global manufacturing standards for drum closures and scaffolding safety.
Legal Contingencies
The company has an unmodified report on Internal Financial Controls; specific pending court case values are not disclosed.
Risk Analysis
Key Uncertainties
Volatility in raw material prices (Steel/Cotton) and the sustainability of demand in the US market following tariff impositions are the primary uncertainties, with potential margin impacts of 3-5%.
Geographic Concentration Risk
High concentration in the US and Europe, with 50% of scaffolding sales tied to the US market, making the company vulnerable to regional economic downturns.
Technology Obsolescence Risk
The company is mitigating technology risks by investing in ER&D and transitioning from traditional scaffolding to sophisticated aluminum formwork.
Credit & Counterparty Risk
Receivables quality is high, as evidenced by the Debtors Turnover ratio improving from 2.97 to 4.10 YoY.
