539479
GTV Engineering financials
- Market cap
- ₹306 Cr
- Sector
- Capital Goods
What GTV Engineering does
GTV Engineering manufactures large, heavy fabricated structures and precision-machined components as a sub-contractor to major engineering companies (BHEL, METSO, GEBR. PFEIFFER, L&T-MHPS, SMS Group, BEUMER Group, FLSmidth, Xylem, BGR Energy, NTPC and others). It earns by executing job-work orders tied to infrastructural projects across power, mineral, cement, and railways/metro segments. Production during the reported year was carried out solely at its Unit-II Fabrication Division in Mandideep, Bhopal.
Segments
- Heavy & Large Fabrication and Large Machining
- Manufacturing/fabrication plants
- 2 (Unit I – Malanpur, District Bhind; Unit II – Mandideep, Bhopal, Madhya Pradesh)
- Marquee OEM/EPC clients served
- 9+ (BHEL, METSO, GEBR. PFEIFFER, L&T-MHPS, SMS Group, BEUMER Group, FLSmidth, Xylem, BGR Energy, NTPC)
- Permanent employees
- 25 (as on 31 Mar 2025)
- Active revenue-generating unit
- Unit-II (Fabrication Division), Mandideep
Quarterly results
Q1 FY27: revenue up 79.6%, net profit up 91.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24 | 24 | 22 | 17 | 25 +4% | 29 +18% | 32 +43% | 30 +80% |
| EBITDA | 2 | 6 | 6 | 3 | 4 +87% | 8 +38% | 4 −38% | 5 +81% |
| Net profit | 1 | 4 | 4 | 2 | 4 +205% | 6 +30% | 3 −28% | 4 +92% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −14.8% 1Y
1Y: ₹70.65 on 10 Sept 2025 → ₹60.17. High ₹81.77 (19 Jun 2026), low ₹43.73 (21 Jan 2026).
Financials, as filed
Revenue grew 1.9% a year over 3 years, FY23 to FY26. Operating margin widened to 18.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹96 Cr | ₹121 Cr | ₹103 Cr | ₹102 Cr |
| Operating profit | ₹3 Cr | ₹5 Cr | ₹16 Cr | ₹18 Cr |
| Operating margin | 2.7% | 4.5% | 15.7% | 18.1% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹4 Cr | ₹5 Cr | ₹11 Cr | ₹14 Cr |
| Net margin | 4.3% | 4.5% | 10.8% | 14.0% |
| Cash from operations | ₹0 Cr | ₹5 Cr | ₹2 Cr | ₹3 Cr |
| Free cash flow | ₹-1 Cr | ₹3 Cr | ₹2 Cr | ₹-2 Cr |
| ROCE | 7.0% | 13.0% | 28.0% | 30.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹23 Cr | ₹24 Cr | ₹28 Cr | ₹33 Cr | ₹43 Cr | ₹52 Cr |
| Borrowings | ₹7 Cr | ₹6 Cr | ₹8 Cr | ₹18 Cr | ₹5 Cr | ₹7 Cr |
| Other liabilities | ₹18 Cr | ₹14 Cr | ₹18 Cr | ₹22 Cr | ₹25 Cr | ₹25 Cr |
| Total liabilities | ₹50 Cr | ₹47 Cr | ₹57 Cr | ₹76 Cr | ₹83 Cr | ₹93 Cr |
| Fixed assets | ₹13 Cr | ₹12 Cr | ₹13 Cr | ₹13 Cr | ₹15 Cr | ₹17 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹8 Cr | ₹11 Cr | ₹10 Cr |
| Other assets | ₹29 Cr | ₹26 Cr | ₹35 Cr | ₹54 Cr | ₹58 Cr | ₹67 Cr |
| Total assets | ₹50 Cr | ₹47 Cr | ₹57 Cr | ₹76 Cr | ₹83 Cr | ₹93 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +1.70 pp while promoters trimmed −1.60 pp. The shareholder count grew 62% to 7,870.
- Promoters
- 57.9%
- FIIs
- 0.0%
- Government
- 0.0%
- Public
- 42.1%
Since Jun 2025
- Public +1.70 pp
- Promoters −1.60 pp
- FIIs −0.12 pp
How it drifted, 12 quarters
Over this window promoters fell from 67.5% to 57.9% — −9.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 67.5%, Public 32.5%.Dec '23: Promoters 67.5%, Public 32.5%.Mar '24: Promoters 67.5%, Public 32.5%.Jun '24: Promoters 67.5%, FIIs 0.1%, Public 32.5%.Sep '24: Promoters 67.5%, FIIs 0.1%, Public 32.5%.Dec '24: Promoters 67.5%, FIIs 0.1%, Public 32.5%.Mar '25: Promoters 64.4%, Public 35.6%.Jun '25: Promoters 59.5%, FIIs 0.2%, Public 40.4%.Sep '25: Promoters 59.5%, FIIs 0.2%, Public 40.4%.Dec '25: Promoters 57.9%, FIIs 0.2%, Public 42.0%.Mar '26: Promoters 57.9%, Government 0.0%, Public 42.1%.Jun '26: Promoters 57.9%, FIIs 0.0%, Government 0.0%, Public 42.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Priya Singh Aggarwal +1.06 pp 2.13% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of GTV Engineering above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mahesh Agrawal | 35.53% | unchanged |
| Gaurav Agrawal | 19.40% | unchanged |
| Rohit Dharampal Gupta | 3.38% | unchanged |
| Smita Rohit Gupta | 3.12% | unchanged |
| Darshana Agrawal | 2.95% | unchanged |
| Priya Singh Aggarwal | 2.13% | +1.06 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse GTV Engineering
Guides on how to read this kind of business and the numbers that matter.