Admach FY26 revenue rises 29% to INR68.91 crore
Admach Systems Limited reported a 29% year-on-year increase in revenue to INR68.91 crore and a 59% rise in PAT to INR10.01 crore for FY26. The company cites strong execution and demand in defense and nuclear sectors as key drivers. With an order book of INR65 crore and a pipeline exceeding INR200 crore, management targets an EBITDA margin above 20% for FY27, supported by recent investments in backward integration.
*this image is generated using AI for illustrative purposes only.
Admach Systems Limited reported a 29% year-on-year increase in revenue from operations to INR68.91 crore for the financial year ended March 31, 2026. Profit after tax (PAT) surged 59% to INR10.01 crore, while EBITDA stood at INR13.69 crore. The company attributes this growth to strong execution capabilities, a diversified business model, and rising demand in defense, aerospace, and nuclear sectors. Management has set an EBITDA margin target of above 20% for FY27, supported by recent capital expenditure in backward integration.
Financial Performance
The company’s financial results for FY26 reflect solid operational performance across its key segments. The healthy order book position provides visibility for future growth.
| Metric | FY26 Value | Growth |
|---|---|---|
| Revenue from Operations | INR68.91 crore | 29% YoY |
| Profit After Tax (PAT) | INR10.01 crore | 59% YoY |
| EBITDA | INR13.69 crore | - |
Operational Highlights
Admach Systems specializes in precision engineering, industrial automation, and non-destructive testing (NDT) systems. The company exports to over 28 countries and serves sectors including steel, energy, defense, and automotive. A key differentiator is its presence in strategic sectors such as defense and atomic energy, where its equipment is used for critical applications like missile shell inspection.
The company currently holds an order book of approximately INR65 crore. Management indicated that the pipeline of offers exceeds INR200 crore, with a historical conversion rate of 60% to 65%. Significant inquiries are pending in steel processing, advanced NDT systems, and defense-linked applications.
Strategic Initiatives and Outlook
To enhance margins and reduce working capital requirements, the company has invested in backward integration by installing CNC machines, laser cutting machines, and press brakes. This capex is expected to improve EBITDA margins by 3% to 4% in the coming financial year by reducing outsourcing costs. The manufacturing facility in Pune can currently support revenue up to INR200 crore, with land available for further expansion.
Management expressed confidence in achieving the 20% EBITDA margin target for FY27. The company is also focusing on expanding its direct export capabilities and has secured orders from the US market. Additionally, Admach is targeting growth in the nuclear sector, with an order worth INR10 crore from the Nuclear Fuel Complex and several projects in the pipeline.
Historical Stock Returns for Admach Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +29.35% | +19.22% | +63.68% | +78.16% | +78.16% |
How will the company balance the increased capital expenditure from backward integration with its goal to reduce working capital requirements?
What specific strategies will Admach employ to convert the INR200 crore pipeline into firm orders given the current macroeconomic uncertainty?
Will the recent entry into the US market require additional compliance certifications or marketing spend to sustain export growth?
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