Anlon Tech

Anlon Technology Solutions Limited reported a robust FY26, with revenue growing 111% year-on-year to INR 105.92 crores, and net profit (PAT) increasing 114% to INR 13.88 crores. The company's EBITDA margin for the full year stood at 19.60%, a slight improvement from 19.55% in FY25, reflecting operational efficiency. H2 FY26 also showed strong growth, with revenue up 107% to INR 64.54 crores and PAT up 114.5% to INR 8.45 crores, demonstrating consistent performance across the second half of the fiscal year.

FY26 marked a significant transformation for Anlon, as indigenous manufacturing and assembly emerged as the core revenue driver, contributing approximately 50% of the total revenue. This represents a substantial increase from about 5% two years prior, with current manufacturing contribution reaching 65%. The company has successfully evolved from a service-led organization to a manufacturing-driven engineering solutions platform, leveraging its Bangalore facility for in-house design, engineering, assembly, and refurbishment capabilities. This strategic shift is supported by a focus on localization and strategic global partnerships.

As of March 31, 2026, Anlon's total order book stood at approximately INR 110.15 crores, providing strong revenue visibility. The order book is diversified across Manufacturing & Assembly (INR 45 crores), Trading of equipment (INR 28 crores), AMC contracts (INR 21 crores), and general Trading (INR 14 crores). Management indicated they are currently struggling to keep up with the piled-up demand, which is expected to take another 15 months to fully address. This high demand is primarily driven by government policies like 'Make in India' and significant infrastructure expansion projects.

To meet the surging market demand and capitalize on future opportunities, Anlon plans to double its manufacturing capacity over the next year, initially through a leasing model. A recent fundraise of INR 50 crores is strategically allocated to prepare for bidding and secure contracts, aiming for a bidding capacity of INR 350-400 crores. This proactive approach is crucial for participating in large infrastructure projects, such as those for airports (e.g., Vadodara Airport's INR 251 crores baggage handling system) and municipal projects, which require substantial upfront investment in bidding processes.

The company is actively diversifying its product portfolio and market segments. It has ordered prototype components for a Sewage Cleaner from Bucher Municipal, addressing the high demand for urban flood management solutions due to increasing city flooding. Additionally, Anlon is working on new products for the defense and aerospace sectors, which are currently under wraps but are expected to be significant future growth drivers. This expansion into new areas aims to leverage its engineering expertise and 'Make in India' advantage, opening up new revenue streams.

Anlon continues to strengthen its strategic relationships with leading global OEMs, including Rosenbauer International A.G. and Bucher Municipal. The company achieved a significant milestone by becoming the first manufacturer in India to receive the EN 14043 Conformity Certificate from TUV SUD from Germany for turnable ladders with rescue lift capability, underscoring its commitment to engineering excellence and quality standards. These collaborations and certifications enhance its technological capabilities, strengthen its positioning in high-value infrastructure projects, and create long-term opportunities across domestic and international markets.