tamboli industries delivered robust financial performance for the fiscal year ended March 31, 2026, reporting a 27% year-on-year surge in net profit after tax (PAT) to ₹9.8 crore. The holding company’s total income rose 18% to ₹83.2 crore, driven by strong operational execution at its wholly-owned subsidiary, Tamboli Castings Limited, which benefited from global supply chain realignments and increased demand in high-tech pump applications.

The Board of Directors recommended a final dividend of ₹1.20 per share, amounting to ₹119.04 lakh, subject to shareholder approval at the 18th Annual General Meeting scheduled for August 27, 2026. This marks a continuation of the company’s commitment to returning value to investors, following a similar payout in the previous year.

Financial Performance

Consolidated revenue from operations expanded by 16.72% to ₹804.30 crore (₹8,043.04 lakh) from ₹689.08 crore in FY25. Profit before tax increased significantly by 33.27% to ₹140.36 crore (₹1,403.60 lakh). EBITDA grew by 19% to ₹18.9 crore, maintaining a stable margin of 23%. The improvement in profitability was attributed to prudent cost management, superior customer selection, and a favorable product mix.

Standalone revenue from operations decreased slightly from ₹28.82 lakh to ₹22.36 lakh due to long-term real estate investments made during the period. However, the consolidated results reflect the core strength of the manufacturing operations.

Strategic Developments

The company highlighted several strategic milestones during FY26. Tamboli Castings Limited received the CII National Best Practices Award for Future Ready Manufacturing 2025, recognizing its adoption of Industry 4.0 technologies including advanced robotics and SCADA-enabled systems. Additionally, the company earned an EcoVadis Bronze Medal for ESG performance, placing it in the top 35% of companies evaluated globally.

Mr. Vaibhav B. Tamboli, Chairman & Managing Director, was honored with the ‘Manufacturing Maestros’ Award, nominated by eight German multinational companies. The company also initiated a Miyawaki Forest project in Bhavnagar as part of its CSR activities, planting 28,635 saplings across 13,000 square meters.

Governance and AGM Details

Shareholders will vote on the reappointment of Mrs. Nikita V. Tamboli as a Non-Executive Non-Independent Promoter Director and Mr. Vipul H. Pathak as Whole-Time Director and CFO for a three-year term effective May 1, 2026. The remote e-voting period begins on August 24, 2026, and ends on August 26, 2026. The register of members will remain closed from August 20 to August 26, 2026.

What the Numbers Show

The divergence between standalone revenue decline and consolidated profit growth underscores Tamboli Industries’ transition into a pure-play investment holding structure. With manufacturing operations fully consolidated under Tamboli Castings Limited, the parent company’s financials are increasingly driven by dividend income and investment returns rather than direct operational revenue. The 33% jump in profit before tax outpacing revenue growth indicates successful operating leverage and margin expansion within the casting business.

Tamboli Industries Limited convened a Board of Directors meeting on May 7, 2026, approving audited financial results for Q4 and the full financial year ended March 31, 2026, alongside a dividend recommendation and a senior management re-appointment. The company delivered a robust financial performance, with consolidated total income rising 16% year-on-year in Q4FY26 and 18% for the full year, reflecting the strength of its precision engineering business across global markets.

Q4 FY26 Consolidated Financial Highlights

Tamboli Industries posted strong growth across key financial metrics in Q4FY26 on a consolidated basis. Total income rose 16% year-on-year and 7% sequentially, while EBITDA surged 46% YoY and PAT jumped 64% YoY, underscoring significant operating leverage and improved profitability.

FY26 Full-Year Consolidated Financial Highlights

For the twelve months ended March 31, 2026, Tamboli Industries delivered broad-based growth on a consolidated basis. Total income grew 18% year-on-year to ₹83.2 crore from ₹70.3 crore in FY25. EBITDA expanded 19% to ₹18.9 crore from ₹15.9 crore, while PAT rose to ₹9.8 crore from ₹7.7 crore in FY25.

Five-Year Performance Snapshot

Over a five-year horizon, Tamboli Industries has maintained consistent EBITDA margins while steadily strengthening its balance sheet. The company turned debt-free by FY26 (Debt to Equity: 0.0x) and significantly improved cash flow from operations to ₹17 crore in FY26 from ₹3 crore in FY25. Fixed asset turns recovered to 2.6x in FY26 from a low of 2.2x in FY25, while equity grew to ₹122 crore in FY26 from ₹94 crore in FY22.

Dividend History

The company has maintained a consistent dividend track record, with the payout ratio reflecting improving profitability over the years.

Audited Financial Results and Audit Opinion

The board considered and approved the audited financial results — both standalone and consolidated — for the January–March 2026 quarter (Q4) and the financial year ended March 31, 2026. The results were reviewed by the Audit Committee and subsequently taken on record by the Board of Directors at the meeting held on May 7, 2026. In compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Statutory Auditors' reports have been filed. The auditors issued an unmodified opinion with respect to both the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026.

Dividend Recommendation for FY 2025-2026

The board has recommended a dividend for the financial year 2025-2026, subject to approval by members at the Annual General Meeting. This marks an increase from the ₹1.0 per share dividend paid in each of the preceding four fiscal years (FY22–FY25), reflecting the company's improved profitability.

Re-appointment of Whole-Time Director and CFO

Based on the recommendation of the Nomination and Remuneration Committee, the board approved the re-appointment of Mr. Vipul H. Pathak (DIN: 09391337) as Whole-Time Director and Chief Financial Officer (CFO) for a further period of three years with effect from May 1, 2026, subject to shareholder approval. Mr. Pathak is a Commerce graduate with over three decades of experience in finance, accounting, and statutory compliances. He was appointed as CFO and designated as a Key Managerial Personnel (KMP) of the Company in 2015 and has since served in this capacity for nine years, playing a significant role in strengthening the Company's financial framework and supporting strategic decision-making. He has also been overseeing the finance and accounts functions of the Company's subsidiaries for more than five years and is not related to any Director of the Company.

Business Overview and Global Presence

Tamboli Industries is a specialist in advanced investment casting (Feinguss), producing fully machined, high-precision components at commercial scale. The company employs a team of 500+ members including 45+ engineers, and serves five core industry verticals — Pneumatics & Automation, Pumps & Valves, General Engineering, Automotive, and Aerospace — supplying to Fortune 500 and Forbes 1,000 companies across 27+ countries. Key products include Impellers, Actuators, Gear Shifters, Turbine Blades, Locomotive Parts, Valve Bodies, Sensor Housings, and EV Parts. Its geographical footprint spans the US, UK, Germany, France, Japan, South Korea, Brazil, Australia, South Africa, and 18 more countries, with Europe contributing 50% of revenue, India 25%, the United States 20%, South America 2%, and others 3%.

FY26 Revenue Mix by Application

The company operates from a 10-acre campus in Bhavnagar, equipped with 43+ high-precision CNC machines from DMG & Mazak (including 7-axis multi-tasking machines) and capabilities across 250+ alloys as per ASTM, DIN, JIS, IS, and BS standards. It holds multiple certifications including ISO 9001, IATF 16949, AS 9100D, PED 2014/68, ISO 14001, ISO 45001, AD-2000, CO₂ Verified, NORSOK M-650, EcoVadis, and TUV NORD, and operates an ISRO-approved Mechanical Test Lab. On the sustainability front, the company has transitioned to solar and green energy since April 2024, is developing a Miyawaki forest project with 28,000 trees spread across 6 acres, and has received an EcoVadis Bronze Medal, placing it in the top 35% of companies evaluated globally. Recent recognitions include the CII National Best Practices Award (Future Ready Manufacturing 2025) and the Manufacturing Maestros Award for Mr. Vaibhav B. Tamboli.

Management Commentary

Commenting on the results, Vaibhav B. Tamboli, Chairman & Managing Director, said that in a year shaped by global challenges and geopolitical disruptions, prudent management and inherent cost efficiency enabled Tamboli Industries to navigate uncertainty and deliver results. He noted that superior customer selection and a better product mix further aided the profitability profile in Q4, in what has been a year of consolidation, with profitability also aided in part by certain FOREX gains. He highlighted that the complexity and engineering capabilities of the company's products, backed by continued investments in modernisation and automation, remain core differentiators, and that scale will be central to the business model — as revenue builds, operating leverage will translate into improved margin outcomes. Across core segments including General Engineering, Pumps and Valves, Locomotive, and Automotive, the company is seeing incremental opportunity, reflecting both customer confidence and the breadth of its capabilities. He expressed optimism about FY27, supported by traction with key customer accounts in Europe, certain large projects in the USA, and medium-sized projects within India, with healthy liquidity and a strong balance sheet providing a sound foundation.

Meeting Details

The Board of Directors meeting commenced at 2:00 P.M. and concluded at 2:35 P.M. on May 7, 2026. The outcome was communicated to the Bombay Stock Exchange Limited in compliance with the applicable SEBI LODR Regulations.