SMT Engineering Ltd (SMTEL)

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SMT Engineering Ltd (SMTEL) · mywealthgrid

About

SMT Engineering Ltd operates as a trading and distribution company in the Industrials sector. With a market cap of ₹730 Cr and recent quarterly revenue of ₹6.54 Cr (Mar 2025), it operates at modest scale typical of mid-sized distributors. The company's business is exposed to trading margins and supply cycles common in industrial distribution.

Face value: ₹10

Market cap

₹598 Cr

P/E

25.9×

P/B

4.9×

Dividend yield

ROE

25.2%

ROCE

33.2%

Debt / equity

0.67

OPM

25%

EPS (TTM)

₹12.8

Book value

₹66.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins persistently negative at -3.49% aggregate, ranging from -384.62% to 6.55% across quarters, indicating operational stress or business model instability
Profitability collapsed in Mar 2024 (net loss ₹4.14 Cr, EPS -₹11.27) and remains minimal in Mar 2025 (net profit ₹0.01 Cr, 0.15% margin); ROE at 0.71% indicates near-zero returns on equity
Revenue highly volatile across quarters (₹0 to ₹6.54 Cr), inconsistent with typical distribution stability; verify whether this reflects business restructuring or structural market/operational challenges
Institutional investors entirely absent (FII 0%, DII 0%) despite ₹730 Cr market cap; verify whether this reflects governance concerns, data quality, or liquidity constraints

Generated analysis · source review pending

Growth drivers

Mar 2025 revenue of ₹6.54 Cr represents 18× growth from Dec 2024's ₹0.37 Cr; verify sustainability of this acceleration and whether it reflects one-time orders or repeatable demand
Company achieved profitability in 3 consecutive quarters (Jun 2024, Sep 2024, Dec 2024) after Mar 2024's -₹4.14 Cr loss; verify if operational turnaround is stable or one-time recovery
Historical quarter (Jun 2024) showed OPM of 6.55% vs. current -3.49%; verify if margin recovery to prior positive levels is achievable on the ₹6.54 Cr revenue base

Generated analysis · source review pending

326 historical price candles were omitted because the exchange source has not been verified.

₹330.2+0.1%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 25%
+Revenue CAGR of 180.2% over the last 5 years
+High promoter holding of 67.4% with no pledge

Cons

−Low return on equity of 3.6% (3-yr avg)
−Promoter holding fell 6.3 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

76/100

Business quality: 73
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Redington LimitedREDINGTONREDINGTON	₹31,112 Cr	₹33,749 Cr	₹1,28,133 Cr	₹2,537 Cr	1.9%	₹1,701 Cr	1.1%	21.7%	15.8%	34
Mmtc LimitedMMTCMMTC	₹8,444 Cr	₹8,444 Cr	₹3 Cr	₹-179 Cr	—	₹447 Cr	—	-0.5%	20.3%	-2,38,864
Mstc LimitedMSTCLTDMSTCLTD	₹4,969 Cr	₹5,114 Cr	₹386 Cr	₹236 Cr	60.6%	₹234 Cr	59.1%	34.9%	26.6%	-92
Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM	₹2,228 Cr	₹2,310 Cr	₹299 Cr	₹-37 Cr	-12.5%	₹20 Cr	6.6%	12%	8.5%	130
Creative Newtech LimitedCNLCNL	₹1,619 Cr	₹1,943 Cr	₹2,783 Cr	₹99 Cr	3.2%	₹74 Cr	2.6%	29.2%	21.4%	75
Pervasive Commodities LtdPERVASIVEPERVASIVE	₹1,090 Cr	₹1,090 Cr	₹43 Cr	₹-0 Cr	-1.1%	₹-0 Cr	-0.1%	0%	-0.1%	548
RRP Defense LtdRRPDEFENSERRPDEFENSE	₹842 Cr	₹844 Cr	₹12 Cr	₹-1 Cr	-8.4%	₹-1 Cr	-8.2%	-13.7%	-13.7%	-15
The Yamuna Syndicate LtdYSLYSL	₹779 Cr	₹779 Cr	₹69 Cr	₹2 Cr	2.2%	₹52 Cr	75.3%	0.3%	4%	60
The State Trading Corporation Of India LimitedSTCINDIASTCINDIA	₹636 Cr	₹1,811 Cr	₹0 Cr	₹-46 Cr	—	₹21 Cr	—	—	—	—
SMT Engineering LtdSMTELSMTEL	₹598 Cr	₹679 Cr	₹162 Cr	₹41 Cr	25%	₹23 Cr	14.2%	33.2%	25.2%	395
Bijoy Hans LtdARVAYAARVAYA	₹576 Cr	₹579 Cr	₹0 Cr	₹-1 Cr	—	₹0 Cr	—	-3.9%	-3.9%	—
Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI	₹505 Cr	₹787 Cr	₹236 Cr	₹-12 Cr	-5.2%	₹61 Cr	-5.2%	2.8%	-0.8%	65

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	1	0	3	21	162
COGS	1	1	0	0	17	94
Gross profit	0	0	-0	2	4	68
	0	0	0	4	1	28
	-0	-0	-0	-2	3	41
OPM %	-18.1%	-3.5%	-57.7%	-84%	15.1%	25%
Depreciation	0	0	0	0	0	1
Interest	0	0	0	0	0	4
	0	0	0	1	0	0
Profit before tax	-0	0	-0	-2	3	36
Tax	0	0	0	-0	0	13
Tax %	0%	0%	80%	-6.7%	11.1%	35.2%
	-0	0	-0	-2	3	23
PAT margin %	-23.4%	5.8%	-107.7%	-65.6%	13.8%	14.2%
EPS (₹)	-0.6	0.1	-0.8	-4.6	7.4	13.8
EPS adjusted (₹)	-0.6	0.1	-0.8	-4.6	1.8	12.8
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	4	4	4	17	18
Reserves	3	4	4	4	46	102
	3	4	4	0	52	81
	1	0	1	0	53	65
Total equity & liabilities	11	11	12	8	167	267
	0	0	0	0	18	32
CWIP	—	—	—	0	2	21
Investments	9	9	10	1	0	3
	2	2	2	7	146	210
Total assets	11	11	12	8	167	267

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	-0	-0	-8	-9	-48
	-1	-0	0	13	0	-36
	-0	0	-0	-4	31	61
Net cash flow	0	-0	0	1	22	-24
Free cash flow	—	—	-0	-8	-9	-82
CFO / Operating profit %	—	—	—	—	-284.6%	-119.1%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	14.9%	16.3%	-15.4%	85.9%	20.8%	42.2%
EBITDA margin %	-18.1%	-3.5%	-84.6%	-86.3%	14.6%	25%
EBIT margin %	-29.8%	-9.3%	-103.8%	-87.1%	14.6%	24.3%
PAT margin %	-23.4%	5.8%	-107.7%	-65.6%	13.8%	14.2%
Working capital
Receivable days	342	0	365	328	371	77
Inventory days	151	208	438	0	1,473	417
Payable days	401	0	304	71	515	98
NWC days	91	208	499	257	1,329	395
Leverage
Current ratio	0.51	0.48	0.48	22.52	1.59	1.8
Debt to EBITDA	—	—	—	—	16.83	2
Debt to equity	0.46	0.51	0.51	0	0.82	0.67
Interest coverage	-0.1	0.4	0	-6.8	52.3	9.2
Asset turnover	0.09	0.08	0.02	0.33	0.13	0.61
Return ratios
Return on assets %	-2%	0.5%	-2.4%	-21.4%	1.7%	8.7%
Return on capital employed %	-0.3%	1.1%	0.1%	-21.6%	7.2%	33.2%
Return on equity %	-3.2%	0.7%	-3.9%	-22.2%	4.6%	19.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.86%	74.86%	74.86%	74.86%	74.86%	74.86%	0.37%	73.77%	73.77%	73.77%	67.44%	67.44%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.14%	25.14%	25.14%	25.14%	25.14%	25.14%	99.63%	26.23%	26.23%	26.23%	32.56%	32.56%
No. of shareholders	—	—	—	—	—	—	—	—	116	126	634	807

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in SMT Engineering Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

75 announcementsExport CSV

1 Oct 2026, 4:36 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

1 Oct 2026, 4:23 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 6:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

22 Sept 2026, 12:01 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

21 Sept 2026, 3:43 pmCompany Update

Corrigendum To The Notice Of Annual General Meeting

General PDF

8 Sept 2026, 1:22 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 11:29 amCompany Update

Intimation Regarding Dispatch Of Letters To The Shareholders Whose Email Addresses Are Not Registered With The Company/RTA/Depositories

General PDF

5 Sept 2026, 2:18 pmCompany Update

Intimation Pursuant To Regulation 44 Of SEBI (LODR) Regulations, 2015 Regarding Remote E-Voting Facilities For The Annual General Meeting Of The Company To Be Held On 30Th Day Of September, 2026

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 4:36 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
1 Oct 2026, 4:23 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	14.9%	16.3%	-15.4%	85.9%	20.8%	42.2%
EBITDA margin %	-18.1%	-3.5%	-84.6%	-86.3%	14.6%	25%
EBIT margin %	-29.8%	-9.3%	-103.8%	-87.1%	14.6%	24.3%
PAT margin %	-23.4%	5.8%	-107.7%	-65.6%	13.8%	14.2%
Working capital
Receivable days	342	0	365	328	371	77
Inventory days	151	208	438	0	1,473	417
Payable days	401	0	304	71	515	98
NWC days	91	208	499	257	1,329	395
Leverage
Current ratio	0.51	0.48	0.48	22.52	1.59	1.8
Debt to EBITDA	—	—	—	—	16.83	2
Debt to equity	0.46	0.51	0.51	0	0.82	0.67
Interest coverage	-0.1	0.4	0	-6.8	52.3	9.2
Asset turnover	0.09	0.08	0.02	0.33	0.13	0.61
Return ratios
Return on assets %	-2%	0.5%	-2.4%	-21.4%	1.7%	8.7%
Return on capital employed %	-0.3%	1.1%	0.1%	-21.6%	7.2%	33.2%
Return on equity %	-3.2%	0.7%	-3.9%	-22.2%	4.6%	19.1%

1 deal · 19 Mar 2024 – 19 Mar 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Mar 2024	PSDH REALTIES PRIVATE LIMITED	Bulk	BSE	Buy	25,000	₹6.62	₹0.02 Cr

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SMT Engineering Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

1

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

SMT Engineering Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

No fund holdings on record

Announcements

Quarterly record

Annual reports

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1