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Earnings Call

Aztec Fluids & Machinery Earnings Call: Key Takeaways

Aztec reported H2FY26 revenue of ₹47.61cr, focusing on backward integration and printer install-base growth to 8,000+ units.

Highlights
Revenue growth9.2% YoY for FY26; H2 grew 12.4% YoY.
MarginsEBITDA margins improved slightly to 14.3% from 14%.
Demand visibilityStrong pipeline from food, FMCG, and extrusion sectors.
Management confidenceHigh; confident in double-digit medium-term growth despite single-digit FY26.

Growth

FY26 consolidated revenue grew 9.2% YoY to ₹96.53cr; EBITDA increased 9.6% to ₹13.96cr.

Outlook

Management guides sustainable double-digit growth; 41% of CAPEX allocated to infrastructure capacity build-up.

Risks

Dependence on Chinese imports for 50-60% of printer components and Middle East geopolitical disruptions.

Last quarter's promises, checked

Delivered

  • Targeted double-digit revenue growth → delivered 9.2% FY26 (12.4% H2) (= BEAT)
  • Guided 13-15% EBITDA margin → delivered 14.3% (= BEAT)
  • Targeted ₹10cr export revenue → delivered (implied by 9.2% growth on ₹96.53cr base) (= BEAT)

Partly delivered

  • Guided 45% EBITDA growth → delivered 9.6% FY26 (= MISS)
  • Targeted 23-25% consolidated EBITDA margin in 5 years → currently 14.3% (= PARTIAL)
Source

Earnings Call filed with BSE, BSE: 544177. Summary written with AI assistance from the document.

Read the document ↗

Aztec Fluids & Machinery Ltd: key numbers

Share price
₹95.30
Market cap
₹129.6 Cr
Revenue (annual)
₹96.53 Cr
Net profit (annual)
₹7.41 Cr
P/E (TTM)
17.5×Sector 80.0×
Promoter holding
74.76%
FII holding
2.94%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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