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Revenue
₹47.61 Cr
verified against source
Revenue YoY
9.2%
reported change
EBITDA
₹13.96 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects sustainable double-digit growth driven by industry tailwinds, backward integration, and new verticals.
- Management aims to maintain current EBITDA margin levels, prioritizing margins over aggressive topline growth.
- Capex allocation: 41% infrastructure, 30% exports/global expansion, 8% tech/ERP, 3% R&D, 5% other. Absolute number pending board approval.
Risks flagged
- Middle East conflict and potential China-Taiwan tensions could disrupt imported components; management claims secured supply but acknowledges dependence.
- Extrusion segment (major revenue contributor) faced slowdown due to geopolitical issues; management is diversifying into other industries.
- Management is evaluating equity as a funding source for capex, which could dilute existing shareholders. Analyst warned against it.
Key quotes
- We would not like to compromise on the margins because then eventually it will suffer our cash flows.
- We are not going to compromise from a topline perspective. We are going to focus on our margins.
- We have ensured that as far as our requirements are concerned they will not be disrupted at this point of time.
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