GMMPFAUDLR
GMM Pfaudler share price & financials
- Price
- ₹797.1
- Market cap
- ₹4.7k Cr
- Sector
- Capital Goods
- Calls analysed
- 7
GMM Pfaudler Limited Q1 FY27
What went well
- Consolidated Revenue of ₹925 crores, up 16% YoY.
- Order Backlog of ₹2,289 crores, up 20% YoY and 4% QoQ.
- Profit After Tax (PAT) of ₹22 crores, more than doubled YoY.
What to watch
- Consolidated EBITDA was ₹94 crores, lower by 7% YoY, primarily due to continued pricing pressure and investments in global organization structure.
- Consolidated Order Intake was ₹1,007 crores, flat YoY.
What GMM Pfaudler Limited does
GMM Pfaudler manufactures and services engineered equipment used in critical chemical and pharmaceutical processing, built around the Pfaudler glass-lined reactor technology alongside alloy (non-glass-lined) equipment. Beyond equipment, it designs engineered process systems such as distillation, continuous-flow reactor, acid-recovery and fermentation-separation systems, and earns recurring revenue from an aftermarket services business covering spare parts, maintenance contracts, refurbishment and 24/7 customer support. It has grown its non-traditional customer base (oil & gas, petrochemicals, mining, semiconductors, water treatment, defence) alongside its core chemical, pharma and agrochemical customers through a series of bolt-on acquisitions since 2021. The business operates through a global manufacturing and service network spanning India, the US, Canada, the UK, Germany, Poland, Switzerland, France, Italy, China and Brazil.
Segments
- Technologies
- Systems
- Services
- Manufacturing facilities
- 19 (as on May 2025)
- Countries with operations
- 11 (India, USA, Canada, UK, Germany, Poland, Switzerland, France, Italy, China, Brazil)
- Nationalities in workforce
- 35+
- Complementary brands
- 8
- Customers served (glass-lined equipment)
- 1200+ across industry segments
- Bolt-on acquisitions since 2021
- 6 (HDO Technologies, JDS, Hydro Air Research Italia, Mixel, MixPro, Poland non-glass-lined JV)
Guidance record · Q1 FY27
what the last two calls moved 16 tracked 5 delivered 2 missed 9 open- Chemical and Pharma Revenue Contribution delivered said Q3 FY25 Promised: Reduce to 50% in the next couple of years Q1 FY27: No new percentage was provided. The promise remains achieved based on prior quarter data.
- India EBITDA Margin missed said Q4 FY25 Promised: 15%-16% should be achievable for next financial year Q1 FY27: The target period for this promise (FY26) has ended. The final status is missed.
- EBITDA Margin Profile at risk said Q3 FY25 Promised: 15% margin profile across the businesses Q1 FY27: as a company, we obviously have always said like a 15% EBITDA margin for the company is something that we aspire towards. ... one, two, three units which are really underperforming, and which are dragging the margin down. So, we are focusing on this.
All 16 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 16.4%, net profit up 120.0% 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 | 805 | 801 | 807 | 795 | 902 +12% | 884 +10% | 944 +17% | 925 +16% |
| EBITDA | 93 | 96 | 83 | 101 | 122 +31% | 105 +9% | 75 −10% | 94 −7% |
| Net profit | 15 | 40 | -28 | 10 | 39 +160% | -11 −127% | 15 +154% | 22 +120% |
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 +12.9% 1Y
1Y: ₹1,158.4 on 10 Sept 2025 → ₹1,307.9. High ₹1,319.2 (10 Sept 2026), low ₹738.2 (11 Jun 2026).
How the price took the results
close before → close after
- Q1 FY27
- +14.3%
- 6 Aug
- Q4 FY26
- −1.0%
- 21 May
- Q3 FY26
- −0.9%
- 6 Feb
- Q2 FY26
- −0.1%
- 6 Nov
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 grew 3.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to 11.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.2k Cr | ₹3.4k Cr | ₹3.2k Cr | ₹3.5k Cr |
| Operating profit | ₹429 Cr | ₹476 Cr | ₹361 Cr | ₹403 Cr |
| Operating margin | 13.5% | 13.8% | 11.3% | 11.4% |
| Interest | ₹67 Cr | ₹95 Cr | ₹103 Cr | ₹123 Cr |
| Depreciation | ₹121 Cr | ₹149 Cr | ₹144 Cr | ₹155 Cr |
| Net profit | ₹210 Cr | ₹170 Cr | ₹49 Cr | ₹53 Cr |
| Net margin | 6.6% | 4.9% | 1.5% | 1.5% |
| Cash from operations | ₹185 Cr | ₹284 Cr | ₹378 Cr | ₹389 Cr |
| Free cash flow | ₹161 Cr | ₹221 Cr | ₹318 Cr | ₹367 Cr |
| ROCE | 22.0% | 19.0% | 13.0% | 14.0% |
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 | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹403 Cr | ₹524 Cr | ₹795 Cr | ₹955 Cr | ₹1.2k Cr | ₹1.2k Cr |
| Borrowings | ₹633 Cr | ₹636 Cr | ₹973 Cr | ₹906 Cr | ₹1.1k Cr | ₹1.0k Cr |
| Other liabilities | ₹1.3k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹1.3k Cr | ₹1.6k Cr | ₹1.7k Cr |
| Total liabilities | ₹2.4k Cr | ₹2.7k Cr | ₹3.3k Cr | ₹3.2k Cr | ₹3.9k Cr | ₹4.0k Cr |
| Fixed assets | ₹1.0k Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.5k Cr |
| Capital work in progress | ₹4 Cr | ₹13 Cr | ₹13 Cr | ₹27 Cr | ₹16 Cr | ₹20 Cr |
| Investments | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹3 Cr |
| Other assets | ₹1.3k Cr | ₹1.7k Cr | ₹2.1k Cr | ₹1.9k Cr | ₹2.4k Cr | ₹2.5k Cr |
| Total assets | ₹2.4k Cr | ₹2.7k Cr | ₹3.3k Cr | ₹3.2k Cr | ₹3.9k Cr | ₹4.0k 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, FIIs trimmed −6.64 pp while the public added +3.97 pp. The shareholder count shrank 7% to 96,269.
- Promoters
- 25.2%
- FIIs
- 14.4%
- DIIs
- 18.4%
- Public
- 42.0%
Since Jun 2025
- FIIs −6.64 pp
- Public +3.97 pp
- DIIs +2.68 pp
How it drifted, 12 quarters
Over this window FIIs fell from 26.5% to 14.4% — −12.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 25.2%, FIIs 26.5%, DIIs 12.6%, Public 35.8%.Dec '23: Promoters 25.2%, FIIs 22.6%, DIIs 13.1%, Public 39.1%.Mar '24: Promoters 25.2%, FIIs 22.1%, DIIs 13.1%, Public 39.6%.Jun '24: Promoters 25.2%, FIIs 22.2%, DIIs 14.5%, Public 38.1%.Sep '24: Promoters 25.2%, FIIs 14.6%, DIIs 15.8%, Public 44.4%.Dec '24: Promoters 25.2%, FIIs 19.7%, DIIs 14.4%, Public 40.7%.Mar '25: Promoters 25.2%, FIIs 20.8%, DIIs 15.4%, Public 38.6%.Jun '25: Promoters 25.2%, FIIs 21.0%, DIIs 15.7%, Public 38.0%.Sep '25: Promoters 25.2%, FIIs 20.8%, DIIs 16.2%, Public 37.8%.Dec '25: Promoters 25.2%, FIIs 17.7%, DIIs 16.3%, Public 40.8%.Mar '26: Promoters 25.2%, FIIs 17.1%, DIIs 17.6%, Public 40.1%.Jun '26: Promoters 25.2%, FIIs 14.4%, DIIs 18.4%, Public 42.0%.
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.
- Morgan Stanley Asia (Singapore) Pte. Foreign bank / ODI newly disclosed 1.04% held
- ICICI Prudential Infrastructure Fund Mutual fund +0.94 pp 3.19% held
- Bandhan Large & Mid Cap Fund Mutual fund +0.08 pp 2.57% held
- HDFC Small Cap Fund Mutual fund +0.07 pp 9.73% held
The same filing shows 0 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 GMM Pfaudler Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| HDFC Small Cap Fund Mutual fund | 9.73% | +0.07 pp |
| Millars Machinery Company Private Limited | 9.70% | unchanged |
| Petunia Investments Limited | 8.25% | unchanged |
| Amansa Holdings Private Limited FPI fund | 6.86% | unchanged |
| Urmi Ashok Patel | 5.25% | unchanged |
| ICICI Prudential Infrastructure Fund Mutual fund | 3.19% | +0.94 pp |
| Uttarak Enterprises Pvt. Ltd. | 2.74% | unchanged |
| Bandhan Large & Mid Cap Fund Mutual fund | 2.57% | +0.08 pp |
| Millars Concrete Technologies Private Limited | 2.46% | unchanged |
| A J Patel Huf | 1.85% | unchanged |
| A J Patel Charitable Trust | 1.69% | unchanged |
| Tarak Ashok Patel | 1.16% | 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.
Mutual funds in GMMPFAUDLR
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹378 Cr
- 5 schemes
- Biggest holder
- HDFC Small Cap Fund
- ₹184 Cr · 0.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Small Cap Fund HDFC Mutual Fund | ₹184 Cr | held | Jul '24 |
| HDFC Hybrid Equity Fund HDFC Mutual Fund | ₹105 Cr | held | Feb '24 |
| HDFC Manufacturing Fund HDFC Mutual Fund | ₹32 Cr | held | May '24 |
| HDFC Children's Fund HDFC Mutual Fund | ₹31 Cr | held | Nov '24 |
| HDFC Value Fund HDFC Mutual Fund | ₹26 Cr | held | Nov '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -38%
- vs est. average cost
- Held by funds
- ₹378 Cr
- 5 schemes · ≈ 7.4% of the company
- Biggest holder
- HDFC Small Cap Fund
- ₹184 Cr · 0.4% of that fund
- Longest holder
- HDFC Hybrid Equity Fund
- 2y 6m · since Feb '24
Shares held by these funds +19885%
Aug '23 43.73 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse GMM Pfaudler Limited
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