AFFORDABLE
Affordable Robotic & Automation financials
- Market cap
- ₹189 Cr
- Sector
- Capital Goods
- Calls analysed
- 3
Affordable Robo. Q4 FY26
What went well
- Consolidated PBT turned positive at ₹9.88 crores, a significant improvement from a loss of ₹9.42 crores in FY25.
- Consolidated PAT turned positive at ₹6.97 crores, reversing a loss of ₹11.65 crores in FY25.
- Consolidated EBITDA turned around from a loss of ₹2.33 crores in FY25 to a profit of ₹17.16 crores in FY26, representing a swing of ~₹19.50 crores.
What to watch
- Consolidated revenue declined by 26.04% YoY to ₹120.95 crores in FY26 from ₹163.55 crores in FY25, attributed to customer delays and global constraints.
- Dependency on imported components (motor, motor controller, radar sensors) from China, despite being European/Japanese make, poses a supply chain risk.
What Affordable Robotic & Automation Limited does
Affordable Robotic & Automation Limited (ARAPL) designs, manufactures and installs industrial automation systems — including robotic welding cells, assembly-line automation, conveyors and special purpose machines (SPMs) — for automotive, manufacturing, logistics and warehousing customers. It also engineers and installs robotic multilevel car-parking systems for space-constrained urban sites. Through its subsidiary Humro (ARAPL RaaS), the company builds autonomous mobile robots and warehouse execution systems that are exported, mainly to the US, with an emerging presence in Europe. ARAPL was India's first robotics company to list on a stock exchange.
Segments
- Industrial automation
- Robotic multilevel parking
- Warehouse automation (Humro / ARAPL RaaS)
- Manufacturing facility area
- 3,50,000 sq.ft. (Pune, Maharashtra)
- Manufacturing facilities
- 2 (original Pune plant + Wadki facility)
- Automation robots delivered
- 5,000+ (cumulative, last decade)
- Automated car-parking systems installed
- 14,000+ cars (cumulative, last decade)
- Humro robot production capacity
- Up to 300 robots/year (in-house batch production)
- Client count
- 75+
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 0 delivered 3 missed 8 open- Overall Growth missed said Q2 FY26 Promised: minimum 50% growth year-on-year basis Q4 FY26: FY26 consolidated revenue declined 26.04% YoY to ₹120.95 crores from ₹163.55 crores in FY25, a significant miss from the original 50% growth target.
- Capex Spending on track said Q2 FY26 Promised: Land and manufacturing, we will only do after FY27 results. So till that time, no spending on the CAPEX. Q4 FY26: No major land or manufacturing capex was announced. Capital allocation focus was on the strategic investment into the Humro subsidiary, consistent with the promise.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 51.5%, net profit down 33.3% 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 | 41 | 35 | 84 | 19 | 24 −41% | 16 −54% | 50 −40% | 9 −52% |
| EBITDA | -5 | 6 | 14 | -2 | 4 +183% | 2 −66% | 10 −26% | -3 −62% |
| Net profit | -8 | 4 | 9 | -4 | 4 +153% | 0 −92% | 6 −36% | -5 −33% |
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 −37.7% 1Y
1Y: ₹256.75 on 10 Sept 2025 → ₹159.88. High ₹284.02 (14 Oct 2025), low ₹120.87 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −0.5%
- 3 Jun
- Q3 FY26
- +2.1%
- 13 Feb
- Q2 FY26
- +1.7%
- 31 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 39.1% a year over 1 year, FY25 to FY26. Operating margin widened to 13.2%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹180 Cr | ₹109 Cr |
| Operating profit | ₹11 Cr | ₹14 Cr |
| Operating margin | 6.0% | 13.2% |
| Interest | ₹6 Cr | ₹4 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr |
| Net profit | ₹1 Cr | ₹7 Cr |
| Net margin | 0.7% | 6.4% |
| Cash from operations | ₹10 Cr | ₹43 Cr |
| Free cash flow | ₹2 Cr | ₹35 Cr |
| ROCE | 8.1% | 8.3% |
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 | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹36 Cr | ₹38 Cr | ₹43 Cr | ₹94 Cr | ₹91 Cr | ₹107 Cr |
| Borrowings | ₹26 Cr | ₹31 Cr | ₹39 Cr | ₹46 Cr | ₹65 Cr | ₹53 Cr |
| Other liabilities | ₹39 Cr | ₹37 Cr | ₹61 Cr | ₹66 Cr | ₹70 Cr | ₹67 Cr |
| Total liabilities | ₹112 Cr | ₹116 Cr | ₹153 Cr | ₹218 Cr | ₹237 Cr | ₹237 Cr |
| Fixed assets | ₹14 Cr | ₹13 Cr | ₹12 Cr | ₹13 Cr | ₹60 Cr | ₹19 Cr |
| Capital work in progress | ₹13 Cr | ₹15 Cr | ₹16 Cr | ₹17 Cr | ₹23 Cr | ₹24 Cr |
| Investments | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹39 Cr | ₹1 Cr | ₹38 Cr |
| Other assets | ₹84 Cr | ₹86 Cr | ₹122 Cr | ₹149 Cr | ₹153 Cr | ₹156 Cr |
| Total assets | ₹112 Cr | ₹116 Cr | ₹153 Cr | ₹218 Cr | ₹237 Cr | ₹237 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, promoters trimmed −14.24 pp while the public added +13.93 pp. The shareholder count grew 72% to 11,495.
- Promoters
- 41.4%
- FIIs
- 1.1%
- Public
- 57.5%
Since Jun 2025
- Promoters −14.24 pp
- Public +13.93 pp
- FIIs +1.09 pp
How it drifted, 12 quarters
Over this window promoters fell from 61.5% to 41.4% — −20.1 pp.
Ownership split by quarter, oldest first. Mar '23: Promoters 61.5%, Public 38.5%.Sep '23: Promoters 61.5%, Public 38.5%.Mar '24: Promoters 55.6%, Public 44.4%.Jun '24: Promoters 55.6%, DIIs 0.8%, Public 43.6%.Sep '24: Promoters 55.6%, Public 44.4%.Dec '24: Promoters 55.6%, FIIs 0.2%, DIIs 0.6%, Public 43.6%.Mar '25: Promoters 55.6%, FIIs 0.2%, DIIs 0.8%, Public 43.3%.Jun '25: Promoters 55.6%, DIIs 0.8%, Public 43.6%.Sep '25: Promoters 47.1%, FIIs 0.9%, DIIs 0.4%, Public 51.6%.Dec '25: Promoters 43.2%, FIIs 1.2%, Public 55.6%.Mar '26: Promoters 43.6%, FIIs 1.4%, Public 54.9%.Jun '26: Promoters 41.4%, FIIs 1.1%, Public 57.5%.
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.
- Atri Energy Transition Private Limited newly disclosed 5.10% held
- Anantnath Skycon Private Limited newly disclosed 2.46% held
- Uttara Ravi Shah newly disclosed 1.06% held
The same filing shows 4 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Affordable Robotic & Automation Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Milind Manohar Padole | 27.74% | −1.49 pp |
| Rahul Milind Padole | 12.00% | −0.65 pp |
| Vijay Kishanlal Kedia | 7.01% | −0.38 pp |
| Atri Energy Transition Private Limited | 5.10% | newly disclosed |
| Anantnath Skycon Private Limited | 2.46% | newly disclosed |
| Uttara Ravi Shah | 1.06% | newly disclosed |
| Priyanka Rahul Padole | 0.84% | −0.05 pp |
| Manohar Pandurang Padole | 0.78% | unchanged |
| Manish Padole | 0.02% | unchanged |
| Bhagirathi Manohar Padole | 0.02% | unchanged |
| Meenakshi Yogesh Hedaoo | 0.02% | unchanged |
| Manju Manish Padole | 0.00% | unchanged |
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.
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Affordable Robotic & Automation Limited
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