Industrials
Til Limited (TIL) Q4fy26 & Full Year FY26: Strong Recovery in Machine Sales and Strategic Expansion into Clean Energy
TIL Limited (TIL) reports Q4FY26 & full year FY26 results with a strong recovery in machine sales and strategic expansion into clean energy.
TIL Limited (TIL) announced its Q4FY26 and full year FY26 financial results, marking a decisive strategic transition in its performance trajectory. Despite FY26 profitability being impacted by financing costs, currency pressure, and one-time settlement expenses, core machine sales and operational execution improved materially during H2, and the company closed FY26 with a board-approved acquisition that opens a new clean energy manufacturing vertical.
Strong H2 Recovery Driven by Machine Sales Growth
Overall revenue for FY26 stood at ₹337.36 Cr, reflecting a nominal decrease compared to ₹343.07 Cr in FY25. This reduction was driven primarily by a substantial decline in other income, while core operations remained relatively strong. Machine sales, the primary measure of operational health, grew 4% year-on-year to ₹265.33 Cr, reflecting the growing commercial momentum of TIL’s expanded product portfolio and improving order execution capability.
Sequential EBITDA Margin Expansion
The company also resolved legacy taxation-related disputes on account of entry tax, extinguishing a contingent liability of ₹23.12 Cr and VAT/CST related disputes, reducing another contingent liability of ₹21.68 Cr, bringing closure to long-pending cases and strengthening the balance sheet for the future. Operational income for FY26 grows to ₹323.25 Cr against ₹315.28 Cr for FY25.
Strategic Expansion into Clean Energy
The year also marked the company’s landmark entry into the clean energy space with the board’s approval for majority stake acquisition in Tulip Compression Private Limited (TCPL). The acquisition was concluded in May 2026 and will now give TIL access to LNG and Hydrogen powerpacks and opens specialised manufacturing markets across CNG, LNG, and Hydrogen equipment, large-scale cryogenic LNG storage, and oil and gas process vessels.
As India accelerates development, TIL is rebuilding itself as an Indian industrial engineering platform aligned to three national priorities of infrastructure, defence indigenisation, and energy transition.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of TIL Limited
TIL Limited belongs to the Industrials › Farm & Heavy Construction Machinery sector. Here’s a quick read on where the business and the stock stand today.
TIL trades in the lower quarter of its 52-week range. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 4 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock sits at 15% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 68.8% yet the PEG reaches 99.00 — expensive for that growth. Furthermore, the stock drops 4.6% in three months. Neither value nor momentum supports this setup. It needs an earnings beat or a price reset first. Check Fundamentals of TIL Limited.
Industrials
Skipper Limited (skipper) Appoints Mr. R. N. Nayak as Non-executive Independent Director
Skipper Limited (NSE: SKIPPER) appoints Mr. R. N. Nayak, former CMD of Power Grid Corporation, as Non-Executive Independent Director.
Skipper Limited (NSE: SKIPPER) announced the appointment of Mr. R. N. Nayak as a Non-Executive Independent Director, effective October 12, 2026. Mr. Nayak, former Chairman and Managing Director of Power Grid Corporation of India Limited (PGCIL), brings over four decades of leadership in the power sector. His extensive experience in senior roles at premier Central Public Sector Undertakings, including doubling PGCIL’s assets, revenue, and profit, will significantly bolster Skipper’s board as it scales its transmission and distribution business.
Extensive Power Sector Experience
Mr. Nayak’s career spans more than 40 years, during which he has shaped national transmission build-out. His expertise in technology adoption, large-scale execution, and grid operations will provide invaluable insights as Skipper pursues growth in India and abroad. Currently, he serves on the boards of several companies and consults for the World Bank Group.
Board Strengthening
Mr. Sharan Bansal, Director of Skipper Limited, expressed enthusiasm for the appointment, stating that Mr. Nayak’s perspective will be invaluable to Skipper and its board. Bansal highlighted Nayak’s experience across every facet of the sector, emphasizing his role in creating long-term, sustainable value for shareholders and stakeholders.
Skipper Limited, established in 1981, is a leading company in Power Transmission & Distribution and Polymer segments. With a global footprint spanning 65+ countries, Skipper’s high-quality, cost-effective solutions cater to infrastructure providers and telecom operators. The company’s polymer pipes and fittings under the ‘Skipper’ brand serve the agricultural and plumbing sectors.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Skipper Limited
Skipper Limited belongs to the Industrials › Engineering & Construction sector. Here’s a quick read on where the business and the stock stand today.
Skipper holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.33 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock trades at 71% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 39.9%, profits at 81.6%, and the PEG sits at 0.33 — below its growth rate. That combination is rare. Check Fundamentals of Skipper Limited.
AEQUS
Aequs Limited (aequs) Announces Long-term Supply Agreements with Safran for Aerospace Applications
Aequs Limited (AEQUS) announces long-term supply agreements with Safran for aerospace applications, marking a significant expansion in its aerospace manufact.
Aequs Limited (AEQUS), a leading India-based precision manufacturing company, today announced the signing of long-term supply agreements with Safran, a global leader in the aerospace industry for critical components. These agreements reflect the commitment of both companies to strengthen their collaboration and highlight Safran’s dedication to working with trusted, high-quality industrial partners.
Strengthening Aerospace Collaboration
The contracts will support Safran’s supply chain and ongoing production programs, while also contributing to the growth and development of Aequs within the aerospace sector. This milestone represents a significant opportunity for Aequs to further expand its activities alongside one of the world’s leading aerospace companies.
Expanding Manufacturing Capabilities
The agreements build on Aequs’ longstanding engagement with Safran Landing Systems and extend the relationship to Safran Aerosystems, broadening the scope of collaboration. The awards cover the machining of superalloys parts, along with the supply of complex machining coating, and assembly of landing gear components for the Airbus A320, A330, A350, and Boeing 787 programs. Aequs will leverage its integrated aerospace manufacturing ecosystem and end-to-end capabilities across forging, precision machining, special processes, surface treatment, and assembly to manufacture these products.
As a result, the role of Aequs’ Belagavi Aerospace Cluster as an integrated manufacturing base serving global aerospace supply chains will be further strengthened. This capability base will be expanded with the upcoming Aequs Engine Components Ecosystem (AECE) in Hosur, Tamil Nadu, where the manufacture of all medium and large parts will be taken up.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Aequs Limited
Aequs Limited belongs to the Industrials › Aerospace & Defense sector. Here’s a quick read on where the business and the stock stand today.
Aequs rises 9.9% over three months, with buying pressure holding steady. Margins at 12.4% are middling — adequate but leaving the business with little buffer against cost shocks. 4 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock trades at 88% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Price climbs recently despite 14.8% revenue growth and a PEG of 99.00. Consequently, either institutions position ahead of improvement or the move fades when earnings disappoint. Treat this as a trading signal, not an investment thesis. Check Fundamentals of Aequs Limited.
Industrials
Raymond Limited Accelerates Andhra Pradesh Expansion to Support Growth Momentum
Raymond Limited accelerates expansion in Andhra Pradesh with new brownfield facility, aiming to meet growing customer demand and support growth momentum.
Raymond Limited is accelerating its expansion in Andhra Pradesh to support its strong business momentum and growing customer requirements. Through its subsidiary companies, the company is setting up an additional brownfield facility near its existing Mega manufacturing facility in Andhra Pradesh. This interim capacity augmentation initiative is expected to support incremental customer requirements and volumes during the current financial year.
Strategic Capacity Expansion
The decision to accelerate brownfield capacity addition reflects the company’s focus on responding swiftly to customer demand while maintaining capital and execution discipline. In parallel, Raymond’s planned greenfield project in Andhra Pradesh is progressing as scheduled. The greenfield facility is envisaged as a larger, long-term manufacturing platform that will significantly enhance the company’s infrastructure and capacity to support its medium- to long-term growth plans.
Dual Capacity Expansion Strategy
Sanjeev Sharma, Joint Managing Director & CEO, JKMPTL-Raymond Group, said, “The accelerated expansion in Andhra Pradesh reflects the strong momentum we are seeing in the business. While our greenfield project remains the foundation for our longer-term growth, the additional brownfield capacity will allow us to respond faster to current customer requirements. This approach enables us to capture near-term opportunities while continuing to build a scalable platform for sustained growth.”
The combination of near-term brownfield expansion and the planned greenfield facility provides Raymond Limited with a two-stage capacity expansion strategy: a. Near-term capacity augmentation to address current customer requirements and incremental volumes; and b. Long-term scalable infrastructure to support future growth and expanding customer opportunities.
This expansion reinforces Raymond Limited’s strategy of building a scalable, capital-efficient manufacturing platform, while progressively strengthening its capabilities to address opportunities across domestic and global markets.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Raymond Limited
Raymond Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Raymond gains 87.8% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The PEG of 1.45 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock trades at 85% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 87.8% in three months on -36.0% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Raymond Limited.
-
Basic Materials3 days agoJindal Stainless Limited (JSL) Wins Three Sustainability Recognitions for Hisar Unit
-
Industrials3 days agoKrystal Integrated Services Limited (krystal) to Generate 10,000+ Jobs Across 25+ Cities
-
Industrials3 days agoOswal Pumps Limited to Establish 1.2 GW Topcon Solar Cell Manufacturing Facility
-
Consumer Cyclical2 days agoP N Gadgil Jewellers Limited PNGJL Inaugurates 81st Store in Ayodhya with Kangana Ranaut
-
Real Estate3 days agoSignatureglobal (india) Limited Reports Pre-sales of INR 18.3 Billion in Q2fy27
-
GODREJPROP2 days agoGodrej Properties Limited (godrejprop) Inaugurates First Milestone of Bandra Bay Transformation
-
Consumer Defensive3 days agoAvenue Supermarts Limited Q2fy27: Standalone Total Revenue Up 18.4% at Rs.19,206 Crore
-
DREAMFOLKS2 days agoDreamfolks Services Limited Launches Dreamfolks Club Nagavalli Wilderness Estate in the Eastern Ghats
