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AZTECFLUIDSMACHINERY Diversified 15 May 2026

Aztec Fluids & Machinery Ltd — Q4 FY26

Aztec Fluids & Machinery reported FY26 consolidated revenue of ₹96.53 crore, up 9.2% YoY, and EBITDA of ₹13.96 crore (margin 14.3%, +30bps YoY).

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Revenue ₹48 Cr +9.2%
EBITDA ₹14 Cr +9.6%
PAT ₹3 Cr
EBITDA Margin 12.94% +30bps
Duration 85 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

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Aztec Fluids & Machinery reported FY26 consolidated revenue of ₹96.53 crore, up 9.2% YoY, and EBITDA of ₹13.96 crore (margin 14.3%, +30bps YoY). PAT stood at ₹7.41 crore, impacted by higher depreciation (+85% YoY) from capacity investments. Growth was driven by consumables and service revenues, while printer sales faced extrusion sector slowdown. Management reiterated confidence in double-digit growth over the medium term, supported by backward integration (95% of ink consumables localized), Jettings acquisition synergies (EBITDA margin expanded 100bps to 10.2%), and government tenders. Capex plan (₹9.3 crore in FY26) focuses on infrastructure, exports, and R&D. Key risk: continued geopolitical disruptions could pressure supply chains and input costs, though management claims secured supply lines.

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Quarter Snapshot

Installed printer base 8,000+
+60% YoY

Installed base grew from 5,000+ in FY25 to 8,000+ in FY26, including Jettings contribution.

Jettings revenue ₹19.22 crore
+7% YoY

Jettings standalone revenue grew 7% YoY, with EBITDA margin improving 100bps to 10.2%.

Operating cash flow (after tax) ₹8 crore

Strong cash generation of ~₹8 crore after tax, demonstrating earnings quality.

Annual consumables revenue per CI printer ₹80,000-1,20,000

Annual aftermarket revenue per CI printer ranges ₹80k-1.2L, roughly 100% of printer cost.

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Guidance and risk preview

Top guidance Double-digit revenue growth over medium term

Management expects sustainable double-digit growth driven by industry tailwinds, backward integration, and new verticals.

Top risk Geopolitical disruption to supply chains

Middle East conflict and potential China-Taiwan tensions could disrupt imported components; management claims secured supply but acknowledges depen...

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