Affordable Robo.

Affordable Robotic & Automation Limited (ARAPL) is a pioneer in Indian robotics, being the first listed company in the sector with 20 years of experience. The company boasts a 3.5 lakh sq ft facility, over 7,000 robot installations, and 14,000 car parks. Its journey includes establishing Global Sourcing in 2005, forming the mobile robotics subsidiary Humro in 2021, and migrating to the main board of BSE and NSE in 2024, reflecting a continuous growth trajectory.

The company achieved a significant turnaround to profitability in Q3 FY26. Consolidated Q3 revenue stood at 68 crores, with EBITDA of 7.33 crores and PAT of 2.18 crores, marking a 116% PAT growth year-on-year for the same nine-month period. For the nine months FY26 (standalone), turnover was 60 crores, EBITDA 6 crores, and PAT 94 lakhs, with PAT margin expanding to 9.8% from 0.8% previously, demonstrating robust financial recovery.

Improved financial performance was driven by strong operational efficiency, including a 30% reduction in material cost and employee cost. This was achieved by converting fixed employee costs to semi-variable, leading to an overall 28% reduction in total expenses. This strategic restructuring, tight cost control, and improved execution have set a stronger base for future growth, with a current focus on securing only profitable orders.

As of December 31, 2025, the company's closing order book was 130 crores. This includes an opening order book of 57 crores, 132 crores in new orders booked during the year, and 59 crores delivered. Notably, 52 crores of new orders were secured from new customers, accounting for 40% of the total new order bookings, indicating strong market acceptance and expansion.

Humro, the 83% owned mobile robotics subsidiary, has made significant strides, delivering its first Atlas AC-2000 autonomous forklifts to a large US-based logistics firm, with revenue already commencing. Humro has a confirmed order book of 8 crores for six mobile robots under a two-year lease agreement, expected to generate 35-40 lakhs per month. The subsidiary aims to deploy 200-225 machines by March 2027, targeting $2,500 monthly revenue per machine and a 71% IRR.

Sai Green, a company with interests in green energy and autonomous vehicles, is investing 15 crores in ARAPL Ras Private Limited (Humro) via a preferential route. This strategic investment is aimed at leveraging ARAPL's developed autonomy tech stack, which the company plans to monetize as a product across various applications like autonomous vehicles, AGVs, and AMRs, both domestically and internationally. The company believes its cost advantage in India will be a key differentiator.

The company acknowledged past challenges, including the inability to fulfill a 21 crore order due to funding and material supply issues. While the Indian business has faced scaling challenges, management is focused on profitable growth, targeting 20-30% top-line growth. For Humro, the slow adoption of robotics even in the US (5-7% penetration) necessitates lease models to drive market entry. The company is actively seeking funding for its planned robot deployments to ensure future growth.