| Revenue Growth YoY | 54%FY26 Annual |
|---|---|
| Net Profit Annual | ₹27.01 Cr61% YoY Growth |
| Market Cap | ₹1,126 Cr |
| Order Book | ₹1,200 Cr+6-Year Visibility |
Key highlights
- Annual revenue reached ₹219.54 crore, representing 54% YoY growth against a prior guidance of 40%
- EBITDA margins improved to 19.5%, outperforming the targeted 200 basis point expansion
- Non-automotive segment revenue surged by 150%, while export revenue grew by 50%
- Total order book visibility stands at ₹1200 crore+ to be served over a 6-year period
- Secured high-value contracts for humanoid robotics components and medical implant castings
- Transitioned from a single-process machining firm to a multi-process sub-assembly provider
Financial Performance
OBSC Perfection Limited delivered an exceptionally strong set of annual results, characterized by significant beats on both top-line and bottom-line metrics. Operating revenue for the fiscal year ended March 31, 2026, stood at ₹219.54 crore, a 54% increase over the previous year, surpassing management's earlier guidance of 40%. Net profit for the year climbed 61.18% to ₹27.01 crore.
This growth was underpinned by strong quarterly momentum, with Q4 revenue reaching ₹71.52 crore, marking a 77.37% YoY increase. EBITDA margins remained healthy at 19.5%, as the company successfully navigated inflationary pressures in raw materials such as aluminum and oil through proactive inventory management and selective pricing strategies.
Strategic Vertical Integration and Segment Diversification
A core driver of the company's performance was its pivot from a CNC machining company to a multi-process engineering firm. By incorporating cold forging, hot forging, and stamping into its in-house capabilities, the company has entered global supply chains for specialized medical implants and humanoid robotics. The non-automotive segment saw revenue surge by 150%, reflecting a deliberate effort to diversify away from traditional auto components.
Management highlighted that the current order book of over ₹1200 crore is split between automotive (₹980 crore) and non-automotive (₹230 crore), with new projects in defense ammunition casings and aerospace components expected to contribute significantly in the coming years.
Management Outlook
The decision behind having all these processes in house is to create a company that can eventually get into sub-assemblies. It essentially gives us scale and scope to enter any supply chain in the world.
Expansion and Infrastructure Projects
To support its long-term growth trajectory, OBSC Perfection is executing a major capital expenditure program. The company raised ₹43.3 crore via a preferential issue to fund the development of 11-acre mega-factories in Sanand and Supa. These facilities are designed for integrated processes including casting, forging, and stamping under one roof.
The Sanand plant is specifically geared toward shock absorber rods for key customers like Tenneco, with an export-oriented manufacturing focus. Additionally, the company is in the final stages of obtaining the AS9100D aerospace certification, which is expected to open doors for high-margin contracts in the global aerospace supply chain within the next two months.
What to Watch
- Sustaining the 40-45% revenue growth target guided by management for the next financial year
- Final approval and revenue contribution from the AS9100D aerospace certification
- The timeline for commissioning and ramp-up of the integrated mega-factories in Sanand and Supa
- Execution of the ₹230 crore non-automotive order book, particularly in defense and robotics
- Impact of geopolitical shipping costs and raw material price volatility on EBITDA margins
“In absolute terms our export sales went up by 50% while non-automotive revenue was up by 150%.”
“We now have a very strong order book of ₹1200 plus crores which provides us revenue visibility over and above our existing revenue and customers.”
| Share price | ₹460.75 |
|---|---|
| Market capitalisation | ₹1,126.64 Cr |
| Revenue (annual) | ₹219.54 Cr |
| Net profit (annual) | ₹27.01 Cr |
| Revenue (latest quarter) | ₹71.52 Cr+20.44% vs previous quarter |
| Net profit (latest quarter) | ₹8.66 Cr+10.37% vs previous quarter |
| P/E (TTM) | 41.71×Sector 31.2× |
| Promoter holding | 69.81%-3.69% QoQ |
| FII holding | 1.55%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by OBSC Perfection Limited announcing audited financial results for the quarter and year ended March 31, 2026. Market figures from a third-party data provider.
