Capacity Utilization
81.5%
+0bps YoY
Consolidated capacity utilization for FY26 stood at 81.5%, reflecting strong demand.
MONOLITHISCHINDIA
Other
15 May 2026
Monolithisch India Ltd — Q4 FY26
Monolithisch India delivered a record Q4 FY26 with revenue of ₹41 Cr (+25% YoY), EBITDA of ₹11 Cr (+75% YoY), and PAT of ₹8 Cr (+81% YoY).
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Monolithisch India delivered a record Q4 FY26 with revenue of ₹41 Cr (+25% YoY), EBITDA of ₹11 Cr (+75% YoY), and PAT of ₹8 Cr (+81% YoY). EBITDA margin expanded to 28.1% (+800bps YoY), driven by higher volumes, improved product mix from the premium HGB Limited product, and operational efficiencies from brownfield expansion. For FY26, consolidated revenue grew 39% YoY to ₹125 Cr, with EBITDA margin at 23.6%. Management guided FY27 revenue of ₹250-300 Cr and EBITDA margins of 22-25%, supported by the new greenfield capacity (total 5.76 lakh MTPA) and strong customer migration to HGB Limited. Key risks include raw material price volatility and potential supply chain disruptions from global trade tensions.
Key Numbers
HGB Limited Customer Migration
60%
+60pp QoQ
Management expects over 60% customer migration from AG7 to HGB Limited starting Q1 FY27.
Total Capacity
5.76 lakh MTPA
+336% YoY
Capacity expanded from 1.32 lakh MTPA to 5.76 lakh MTPA post greenfield project.
Mineral India Global Revenue Guidance
₹55-60 Cr
+100% YoY
Expected revenue from subsidiary Mineral India Global in FY27, up from ~₹30 Cr in FY26.
Management Guidance
FY27 Revenue Target of ₹250-300 Cr
Management guided FY27 consolidated revenue between ₹250-300 crore, driven by capacity expansion and volume growth.
Management guidance revenueFY27 EBITDA Margin Guidance of 22-25%
EBITDA margins expected in the range of 22-25% for FY27, supported by improved product mix and operational efficiencies.
Management guidance marginsQ1 FY27 Revenue Guidance of ₹52-55 Cr
Q1 FY27 revenue expected between ₹52-55 crore, indicating strong sequential growth.
Management guidance revenuePeak Revenue Potential of ₹450-500 Cr at Current Capacity
At 85-90% utilization of the expanded capacity, the company can achieve peak revenue of ₹450-500 crore.
Management guidance growthKey Risks
Raw Material Price Volatility
Fluctuations in prices of key inputs like boric acid and boron oxide could impact margins. Management noted they manage this through inventory strategy.
medium · analyst_questionGeopolitical Supply Chain Disruptions
Global trade tensions (e.g., US tariffs) could affect additive supply and pricing. Management acknowledged building inventory as a hedge.
medium · management_commentaryExecution Risk on Greenfield Expansion
The new greenfield project may face delays or cost overruns. Management provided no specific timeline for full ramp-up.
medium · data_observationCompetition from Unorganized Sector
Small regional players may exit due to volatility, but new entrants could pressure pricing. Management expressed confidence in their scale advantage.
low · management_commentaryNotable Quotes
We are confident of becoming the largest manufacturer of ramming mass by late Q1 FY27 to early Q2 FY27.
The product sets a new benchmark in the ramming mass industry with a unique warranty back proposition, first of its kind in the segment.
We are trying to establish ourselves as the best in class in terms of both customers and shareholders value. We will not leave any stone unturned.
Frequently Asked Questions
What was Monolithisch India's revenue in Q4 FY26?
Monolithisch India reported revenue of ₹41 Cr in Q4 FY26, representing a +25% change compared to the same quarter last year.
What guidance did Monolithisch India management give for FY27?
FY27 Revenue Target of ₹250-300 Cr: Management guided FY27 consolidated revenue between ₹250-300 crore, driven by capacity expansion and volume growth. FY27 EBITDA Margin Guidance of 22-25%: EBITDA margins expected in the range of 22-25% for FY27, supported by improved product mix and operational efficiencies. Q1 FY27 Revenue Guidance of ₹52-55 Cr: Q1 FY27 revenue expected between ₹52-55 crore, indicating strong sequential growth. Peak Revenue Potential of ₹450-500 Cr at Current Capacity: At 85-90% utilization of the expanded capacity, the company can achieve peak revenue of ₹450-500 crore.
What are the key risks for Monolithisch India in FY27?
Key risks include Raw Material Price Volatility — Fluctuations in prices of key inputs like boric acid and boron oxide could impact margins. Management noted they manage this through inventory strategy.; Geopolitical Supply Chain Disruptions — Global trade tensions (e.g., US tariffs) could affect additive supply and pricing. Management acknowledged building inventory as a hedge.; Execution Risk on Greenfield Expansion — The new greenfield project may face delays or cost overruns. Management provided no specific timeline for full ramp-up.; Competition from Unorganized Sector — Small regional players may exit due to volatility, but new entrants could pressure pricing. Management expressed confidence in their scale advantage..
Did Monolithisch India meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Monolithisch India Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.