Admach Systems
Admach Systems
Capital GoodsKey Fundamentals
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Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.6%
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 166 days.
- Working capital days have increased from 151 days to 231 days
Growth Rate
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 22 | 32 | 28 | 40 |
| Expenses | 17 | 26 | 22 | 34 |
| Operating Profit | 4 | 6 | 7 | 6 |
| OPM % | 19% | 20% | 23% | 15% |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 |
| PBT | 3 | 5 | 6 | 6 |
| Tax % | 31% | 21% | 25% | 9% |
| Net Profit | 2 | 4 | 4 | 6 |
| EPS in Rs | 8.3 | 8.48 | 8.98 | 8.18 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 14 | 13 | 20 | 53 | 69 |
| Expenses | 14 | 12 | 13 | 43 | 56 |
| Operating Profit | 1 | 1 | 6 | 10 | 13 |
| OPM % | 3.7% | 8% | 32% | 19% | 19% |
| Other Income | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 1 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| PBT | 0 | 0 | 4 | 8 | 12 |
| Tax % | 31% | -11% | 25% | 24% | 17% |
| Net Profit | 0 | 0 | 3 | 6 | 10 |
| EPS in Rs | 10.09 | 1 | 16.75 | 12.62 | 14.78 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 0.21 | 1 | 2 | 5 | 7 |
| Reserves | 2 | 1 | 4 | 17 | 64 |
| Borrowings | 2 | 8 | 16 | 11 | 0 |
| Other Liabilities | 9 | 9 | 14 | 23 | 21 |
| Total Liabilities | 13 | 20 | 36 | 56 | 91 |
| Fixed Assets | 1 | 1 | 1 | 4 | 5 |
| CWIP | 0 | 0 | 0 | 0 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 12 | 19 | 35 | 51 | 75 |
| Total Assets | 13 | 20 | 36 | 56 | 91 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | -1 | -2 | -8 | 2 | -5 |
| Investing | 0 | -4 | 3 | -4 | -19 |
| Financing | 1 | 6 | 5 | 4 | 27 |
| Net Cash Flow | 0 | 0 | 0 | 1 | 3 |
| Free Cash Flow | -1 | -3 | -8 | -2 | -23 |
| CFO/OP | -170 | -216 | -126 | 26 | -18 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 36 | 55 | 89 | 126 | 166 |
| Inventory Days | 342 | 538 | 1,942 | 271 | 215 |
| Days Payable | 258 | 163 | 771 | 162 | 59 |
| Cash Conversion Cycle | 120 | 430 | 1,260 | 235 | 322 |
| Working Capital Days | 26 | 45 | 111 | 111 | 231 |
| ROCE % | — | 13% | 39% | 37% | 25% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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61 extracted metrics + investor summaries across FY11–FY26.
Documents
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Company Information
Incorporated in 2008, Admach Systems Limited is engaged in designing, manufacturing, exporting, and supplying customised special purpose machines and automation systems.[1]
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