Shayona Engineering has secured a new order valued at Rs 35.4 lakh for industrial piping solutions. The disclosure was made to the exchange on September 30, 2026.
What Happened
The company reported a significant order from a domestic customer. The scope of work includes the supply of industrial piping solutions as per agreed specifications and delivery schedule. Payment terms specify a period of 30 days. Delivery terms are as discussed with Mr. Jaydatt Shah, with freight and packing charges extra. The destination for the supply is Vadodara, Gujarat. Other terms and conditions are as mutually agreed between the parties. The order value is inclusive of tax. This transaction is not a related-party transaction, and no promoter interest has been disclosed.
The awarding entity name is withheld due to contractual confidentiality obligations. This follows a series of recent orders from domestic customers, including a Rs 19.76 lakh order for industrial piping solutions disclosed on September 29, 2026.
Order In Financial Context
This new order contributes to the Q2FY27 (Jul-Sep 2026) order inflow. As per the updated pre-computed summary, the total order inflow for Q2FY27 stands at Rs 277.36 crore across 13 orders. Trailing 12-month consolidated revenue and profit data are not available in the provided context, so a book-to-bill ratio cannot be computed.
Company Order Track Record
The table below uses pre-computed quarterly totals as disclosed. Q2FY27 now reflects 13 orders with a total inflow of Rs 277.36 crore. Q1FY27 recorded 9 orders totalling Rs 215.09 crore. All orders across both quarters have been sourced from domestic entities, several of which have withheld their names under contractual confidentiality obligations.
| Quarter |
Total Order Inflow (Rs Cr) |
Order Count |
Key Awarding Entities |
| Q2FY27 (Jul-Sep 2026) |
277.36 (13 orders) |
13 |
Domestic, Domestic customer, Domestic customer (name withheld due to contractual confidentiality), Domestic customer - Name withheld due to contractual confidentiality, Name withheld due to contractual confidentiality / non-disclosure obligations, Not disclosed due to contractual confidentiality |
| Q1FY27 (Apr-Jun 2026) |
215.09 (9 orders) |
9 |
3rd Eye Industries Private Limited, B K Grinding House, Domestic, Domestic customer. Name withheld due to contractual confidentiality / non-disclosure obligations., Rahul Ferromet & Engineering Private Limited |
Order History (Last 23 Orders)
| Order Date |
Value |
Awarding Entity |
Key Terms |
| 30 Sep 2026 |
Rs 35.4 lakh |
Domestic customer (name withheld) |
Supply of industrial piping solutions; payment 30 days; freight & P&F extra; destination Vadodara |
| 29 Sep 2026 |
Rs 19.76 lakh |
Domestic customer (name withheld) |
Supply of industrial piping solutions; Rites MTC; 10% advance, 90% against PDC after 20 days; jurisdiction Ratlam |
| 26 Sep 2026 |
Rs 1.45 crore |
Domestic customer (name withheld) |
Supply of engineering items; delivery to Silvassa; payment 60 days post-installation; GST after credit; packing photo approval; transport as actual; within 1 month |
| 26 Sep 2026 |
Rs 55.755 lakh |
Domestic customer (name withheld) |
Supply of engineering components; 50% advance, 30% against delivery, 20% after installation; GST after credit; packing proof required; transport as actual; within 1 month |
| 31 Aug 2026 |
Rs 2.5 crore |
Domestic |
Engineering review and technical consultancy; 25% advance, 75% milestone-linked; valid within 6 months |
| 31 Aug 2026 |
Rs 2.5 crore |
Domestic |
Engineering review and technical consultancy; 25% advance, 75% milestone-linked; valid within 6 months |
| 28 Aug 2026 |
Rs 4.0 crore |
Domestic |
Engineering review and technical consultancy; 25% advance, 75% milestone-linked; valid till 31 Mar 2027 |
| 27 Aug 2026 |
Rs 58.528 lakh |
Domestic |
Supply of industrial machinery parts and components; delivery as per PO |
| 25 Aug 2026 |
Rs 24.25 lakh |
Domestic customer |
Supply of industrial machinery component; payment 45 days; delivery 4 weeks; price fixed; warranty 1 year from installation or 14 months from invoice; DAP |
| 05 Aug 2026 |
Rs 1.14578 crore |
Domestic customer (name withheld) |
Supply of stainless steel coils; payment 7 days; delivery as per schedule; material with MTC |
| 30 Jul 2026 |
Rs 1.7 crore |
Domestic customer (name withheld) |
Supply of engineering items; delivery as per buyer's schedule; FOR site basis; payment within 7 days from acceptance; material with MTC |
| 29 Jul 2026 |
Rs 3.5341956 crore |
Domestic customer (name withheld) |
Supply of stainless-steel welded pipes; Ex Works; payment 7 days; material with MTC and end cap |
| 29 Jul 2026 |
Rs 2.8836916 crore |
Domestic customer (name withheld) |
Supply of stainless-steel welded pipes; Ex Works; payment 7 days; material with MTC and end cap |
| 25 Jul 2026 |
Rs 99.34655 lakh |
Domestic |
Supply of engineering components; Ex Works; payment 45 days from receipt of material; standard warranty applicable |
| 27 Jun 2026 |
Rs 48.458942 lakh |
Domestic |
Supply of precision-engineered spare parts; delivery as per PO |
| 26 Jun 2026 |
Rs 45.90103 lakh |
Domestic |
Supply of precision engineering components; payment 100% against delivery; delivery 4 weeks; price fixed; warranty 1 year from installation or 14 months from invoice; DAP |
| 23 Jun 2026 |
Rs 25.55906 lakh |
Domestic customer (name withheld) |
Supply of industrial piping solutions; delivery 15 days; fixed prices; no cost escalation |
| 19 Jun 2026 |
Rs 3.04 crore |
Domestic customer (name withheld) |
Supply of engineering components; Ex Works; payment 7 days; delivery up to 30 Jun 2026; material with MTC |
| 27 May 2026 |
Rs 1.6780644 crore |
Domestic customer (name withheld) |
Supply of engineering components; Ex Works; payment 45 days from receipt; inspection and quality checks apply |
| 27 May 2026 |
Rs 1.6780644 crore |
Domestic customer (name withheld) |
Supply of engineering components; Ex Works; payment 45 days from receipt; inspection and quality checks apply |
| 21 May 2026 |
Rs 60.1092 lakh |
3rd eye industries private limited |
Supply of engineering components; standard commercial terms including agreed pricing, delivery schedule, payment terms, warranty |
| 28 Apr 2026 |
Rs 26.86 lakh |
B k grinding house |
Supply of engineering components |
| 25 Apr 2026 |
Rs 1.806655 crore |
Rahul ferromet & engineering private limited |
Supply of engineering items and annual maintenance contract services; standard terms including delivery, payment, inspection, warranty, cancellation, penalty, confidentiality, indemnity, compliance, safety and jurisdiction clauses |
Execution And Revenue Quality
Quarterly revenue, net profit, and operating profit margin data are not available in the provided fundamental context. Historical annual data shows revenue growth of 51.6% in FY25, 21.0% in FY24, and 175.7% in FY23 on a standalone basis.
Key Observations
- Valuation context (as of 30 Sep 2026): Stock P/E of 13.3x against a reported ROCE of 19.18% for FY26 and ROE of 15.17% for FY26.
- Order activity: The company has disclosed 23 significant orders over the last three fiscal quarters, all from domestic entities.
- Confidentiality: A majority of awarding entities across Q2FY27 and Q1FY27 have withheld their names under contractual non-disclosure obligations.
- SME classification: Shayona Engineering is classified as an SME with a market capitalisation of Rs 53.90 crore as of 30 Sep 2026.