Swastika Castal Ltd hosted a group meeting and plant visit for analysts and institutional investors on July 18, 2026, in Vadodara. The management provided an overview of the company's business operations, industry outlook, growth strategy, financial performance, operational developments, and future business prospects during the session.

The meeting was conducted pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price sensitive information (UPSI) was shared or discussed during the interaction. No investor presentation or presentation material was distributed during the event.

The session was held in-person at the company's manufacturing facility, allowing attendees to review operations directly. The agenda covered a comprehensive review of the facilities and business outlook.

Representatives from nine organizations attended the meet, including Bimal Panchal and Associates, Rising Star Investments, Mission Street India, Moneybee Securities, Eqilion Investments, Agility Advisors, Pin PointX Capital, Smart Sync Services, and HNI.

The filing was submitted to BSE Limited and signed by Mukesh Kumar Khanna, Company Secretary & Compliance Officer of Swastika Castal Ltd.

Swastika Castal Ltd has reported a total income of ₹36.19 Cr for the financial year ended March 31, 2026, representing a 19.50% year-on-year increase from ₹30.29 Cr in FY25. While EBITDA grew by 20.59% to ₹6.22 Cr, Profit After Tax (PAT) declined by 24.46% to ₹3.28 Cr from ₹4.34 Cr in the previous year. The company attributed the topline growth to higher business volumes and strong customer relationships, despite pricing impacts being limited.

H2 & FY26 Financial Performance

For the second half of FY26, the company recorded a total income of ₹19.02 Cr, a 9.90% rise from the corresponding period in the previous year. H2 EBITDA increased by 7.35% to ₹3.59 Cr, while PAT for the half-year stood at ₹1.96 Cr, a decrease of 50.38% YoY. The EBITDA margin for H2 FY26 was 18.89%, down 45 basis points from 19.34% in H2 FY25.

The following table summarizes the standalone financial results for FY26:

Operational Highlights

Management noted that FY26 was a year of steady progress, highlighted by the company's listing on the BSE SME platform in July 2025. Swastika Castal specializes in sand, gravity die, and centrifugal casting, serving sectors such as electrical equipment, power transmission, railways, and automotive. The company operates an integrated manufacturing facility in Karjan, Vadodara, which is currently running at approximately 57% capacity utilization.

The investor presentation outlines plans for capacity expansion by the end of FY27 to support future volume growth. During the earnings conference call, Managing Director Mr. Varun Sharda stated that the capital expenditure commissioned in March 2026 is now operational. The company expects benefits to become visible in the near term through improved capacity and business volumes, with a larger financial impact anticipated in the medium term.

Cash Flow and Strategic Inventory

Addressing queries on negative operating cash flow, management explained that the decline was intentional and strategic. Higher working capital was utilized to secure raw material availability and lock in pricing amidst global supply chain uncertainties and geopolitical disruptions. The company made advanced payments to vendors and maintained strategic inventory levels to ensure uninterrupted production and meet customer commitments. Additionally, delays in customer collections during March have since normalized in April and May.

Customer Engagement and Outlook

The company added two new export clients during the year: QAG, an Australian-based multinational, and Trench from Europe. Management noted that existing customers such as Hitachi, ABB, Siemens, GE, and Toshiba have strong order books booked for the next five years. To mitigate rising raw material costs, Swastika Castal has price variation clauses with most customers, allowing for monthly pass-throughs of material and fuel cost changes. The company remains optimistic about FY27, projecting stronger growth compared to FY26 driven by enhanced capacity and sector tailwinds.