Tipco Engineering India Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Tipco Engineering India Ltd filed with BSE on 03 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Tipco Engineering reported full year total income of INR146 crores, up from INR133 crores last year, with second half revenue of INR95 crores versus INR57 crores a year earlier. EBITDA margin improved to 26.63% from 17.95%, and net profit rose 65% to INR25.31 crores. Management discussed a Pune capacity expansion, a German technology collaboration with LexaMix, and growing defence and export business lines.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Total income: INR146 crores (FY26)
p. 5
“And full year our total income was INR146 crores and compared to last year INR133 crores.”
Ramesh Goel, page 5 of the filed PDF · View the filing
Total income: INR95 crores (H2 FY26)
p. 5
“we have achieved INR95 crores in this second half visà-vis corresponding year only INR57 crores, so jump of 66%”
Ramesh Goel, page 5 of the filed PDF · View the filing
EBITDA: INR38.9 crores (FY26)
p. 5
“we have earned INR38.9 crores in the full year and INR25 crores in the first half -- second half.”
Ramesh Goel, page 5 of the filed PDF · View the filing
EBITDA margin: 26.63% (FY26)
p. 5
“EBITDA margins have improved by 8.67% and earlier EBITDA was 17.95% and we have achieved 26.63% in this year.”
Ramesh Goel, page 5 of the filed PDF · View the filing
Net profit: INR25.31 crores (FY26)
p. 5
“Net profit we have earned INR25.31 crores this year compared to last year INR15 crores.”
Ramesh Goel, page 5 of the filed PDF · View the filing
Net profit margin: 17.32% (FY26)
p. 5
“So net profit margins we are 17.32% vis-à-vis 11.42%.”
Ramesh Goel, page 5 of the filed PDF · View the filing
EPS: INR16.44 per share (FY26)
p. 5
“we have achieved INR16.44 per share on a diluted basis and weighted average calculation basis.”
Ramesh Goel, page 5 of the filed PDF · View the filing
Inventory: INR21 crores
p. 14
“the total this thing inventory has gone down from INR31 crores to INR21 crores, and debtors are higher because of our higher sales in the last half too and we are realizing on the times.”
Ramesh Goel, page 14 of the filed PDF · View the filing
Cash in bank: INR60 crores
p. 14
“this INR60 crores comprising of INR48 crores, which is IPO funds, which start this during the current year.”
Ramesh Goel, page 14 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue — INR180 crores plus · FY27
stated conditionally by Ramesh Goel
p. 11
“What we estimate that we can have a INR180 crores plus including all location, so this right plus Pune together.”
Ramesh Goel, page 11 of the filed PDF · View the filing
Pune facility capacity utilization — 75% · next year
stated conditionally by Ritesh Sharma
p. 12
“and we will trying in next year it is approximately 75%, and it's totally total time we’re taking 2 years it is 100% production will come.”
Ritesh Sharma, page 12 of the filed PDF · View the filing
Pune facility capex — INR40 crores
stated firmly by Ramesh Goel
p. 11
“We are estimating that Pune alone facility including land, building and machinery all together spent would be INR40 crores”
Ramesh Goel, page 11 of the filed PDF · View the filing
Total capex including existing facility — INR60 crores
stated firmly by Ramesh Goel
p. 11
“So at full-fledged operations, we would have INR60 crores all together on a India basis total INR60 crores.”
Ramesh Goel, page 11 of the filed PDF · View the filing
Capex funding mix — 75% bank funded, 25% company margin
stated firmly by Ramesh Goel
p. 14
“our point of this whatever we have, we will have a funding of it from the banks and 75% around will be the funded by the banks and 25% as margin of the company.”
Ramesh Goel, page 14 of the filed PDF · View the filing
Revenue — more than INR1,000 crores · long-term
stated as an aspiration by Ritesh Sharma
p. 16
“Whenever we talk about the any designing or operational support, there we think of Tipco. And when we talk about the top line, obviously it should be more than INR1,000 crores, what I see Tipco in future.”
Ritesh Sharma, page 16 of the filed PDF · View the filing
FY27-28 guidance — FY27-28
stated conditionally by Ramesh Goel
p. 19
“Once we have this first half over, we'll have a clear understanding about the '26 -- '27-'28 and we'll come out with that.”
Ramesh Goel, page 19 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said margins can be sustained or even improved due to new products and growing customer base.
Answered by Ritesh Sharma
Asked by Vinod Shah: Can EBITDA margin sustainably improve from the current level?
p. 7
“it is going to be sustain as well as it might be -- it can be also -- we can also increase on that because adding a new -- first of all adding new products in our list”
Ritesh Sharma, page 7 of the filed PDF · View the filing
Management stated the current facility is running at about 80% utilization and additional land is being developed nearby.
Answered by Ritesh Sharma
Asked by Vedant Gupta: What is the current capacity utilization and expansion plan for the existing facility?
p. 14
“our capacities are already about to full, it is about we are consuming almost 80%, okay?”
Ritesh Sharma, page 14 of the filed PDF · View the filing
Management attributed higher debtors to higher sales in the second half while stating inventory declined and payments are being realized on time.
Answered by Ramesh Goel
Asked by Vedant Gupta: Why have debtor days increased sharply?
p. 14
“debtors are higher because of our higher sales in the last half too and we are realizing on the times.”
Ramesh Goel, page 14 of the filed PDF · View the filing
Management gave the order value for a lab-scale machine used for fuel dispersion.
Answered by Ritesh Sharma
Asked by Vedant Gupta: What is the order value for a defence lab machine?
p. 16
“if we talk about the lab machine that is near about INR36 lakh to make to 200 liter of fuels.”
Ritesh Sharma, page 16 of the filed PDF · View the filing
Management said they could only project the coming year and would provide FY27-28 guidance after the first half.
Answered by Ramesh Goel
Asked by Vinod Shah: Can you provide revenue guidance for this year and next year?
p. 19
“So we can only project this '26-'27 right now.”
Ramesh Goel, page 19 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.