LATTEYS
Latteys Industries financials
- Market cap
- ₹124 Cr
- Sector
- Capital Goods
What Latteys Industries Limited does
Latteys Industries Limited manufactures submersible pumps (borewell and openwell), centrifugal monoblock pumps, self-priming pumps, shallow well pumps and solar water pumping systems used for irrigation, rural water supply and household needs, including under government solar schemes like PM-KUSUM. Products are made at a single manufacturing facility in GIDC Naroda, Ahmedabad, and sold through a network of dealers and retailers spread across several Indian states, alongside branch offices in other states. The company also makes electric induction motors and stainless-steel pump sets aimed at international markets, and runs an in-house R&D division focused on pump efficiency.
Segments
- Solar
- Agriculture
- Domestic
- Sewage
- Manufacturing facility
- 1 unit at GIDC Naroda, Ahmedabad, >1,50,000 sq. ft. built-up area
- Production capacity
- ~180,000 pumps/year
- Dealer & retailer network
- 1,200+ dealers and 1,200+ retailers
- Branch offices
- 8 (Delhi, Indore, Ranchi, Patna, Pune, Kanpur, Jaipur, Odisha)
- States of manufacturer registration
- Gujarat, MP, UP, Maharashtra, Rajasthan, AP, Haryana, Bihar
- BEE 5-star rated pump models
- 260+
Quarterly results
Q4 FY26: revenue up 59.2%, net profit up 183.7% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 19 | 17 | 24 | 24 +20% | 20 +9% | 34 +95% | 39 +59% |
| EBITDA | 1 | 1 | 1 | 1 | 1 +9% | 1 −26% | 2 +139% | 2 +117% |
| Net profit | 0 | 1 | 0 | 0 | 1 +74% | 1 −17% | 1 +292% | 1 +184% |
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 +4.8% 1Y
1Y: ₹20.8 on 10 Sept 2025 → ₹21.8. High ₹34.53 (23 Oct 2025), low ₹15.8 (30 Mar 2026).
Financials, as filed
Revenue grew 35.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to 5.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹64 Cr | ₹80 Cr | ₹117 Cr |
| Operating profit | ₹5 Cr | ₹4 Cr | ₹7 Cr |
| Operating margin | 7.8% | 5.5% | 5.6% |
| Interest | ₹2 Cr | ₹2 Cr | ₹1 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹1 Cr | ₹2 Cr | ₹4 Cr |
| Net margin | 2.3% | 2.3% | 3.1% |
| Cash from operations | ₹1 Cr | ₹10 Cr | ₹-11 Cr |
| Free cash flow | ₹-3 Cr | ₹10 Cr | ₹-12 Cr |
| ROCE | 12.0% | 13.0% | 16.0% |
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 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹5 Cr | ₹7 Cr | ₹10 Cr | ₹12 Cr |
| Borrowings | ₹12 Cr | ₹17 Cr | ₹8 Cr | ₹22 Cr |
| Other liabilities | ₹15 Cr | ₹13 Cr | ₹23 Cr | ₹37 Cr |
| Total liabilities | ₹44 Cr | ₹49 Cr | ₹53 Cr | ₹83 Cr |
| Fixed assets | ₹7 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹37 Cr | ₹40 Cr | ₹44 Cr | ₹74 Cr |
| Total assets | ₹44 Cr | ₹49 Cr | ₹53 Cr | ₹83 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 added +3.95 pp while the public trimmed −3.95 pp. The shareholder count shrank 12% to 16,874.
- Promoters
- 74.4%
- Public
- 25.6%
Since Jun 2025
- Promoters +3.95 pp
- Public −3.95 pp
How it drifted, 12 quarters
Over this window promoters went from 72.1% to 74.4% — +2.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 72.1%, Public 27.9%.Dec '23: Promoters 72.1%, Public 27.9%.Mar '24: Promoters 72.1%, Public 27.9%.Jun '24: Promoters 72.1%, Public 27.9%.Sep '24: Promoters 72.1%, Public 27.9%.Dec '24: Promoters 70.4%, Public 29.6%.Mar '25: Promoters 70.4%, Public 29.6%.Jun '25: Promoters 70.4%, Public 29.6%.Sep '25: Promoters 70.4%, Public 29.6%.Dec '25: Promoters 70.4%, Public 29.6%.Mar '26: Promoters 70.4%, Public 29.6%.Jun '26: Promoters 74.4%, Public 25.6%.
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.
- Kapoor Chand Garg +3.56 pp 66.96% held
- Pawan Garg +0.16 pp 2.89% held
- Jawala Prasad Garg +0.13 pp 2.34% held
- Kapoor Garg Huf +0.07 pp 1.20% held
- Llp newly disclosed 0.00% 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 Latteys Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kapoor Chand Garg | 66.96% | +3.56 pp |
| Pawan Garg | 2.89% | +0.16 pp |
| Jawala Prasad Garg | 2.34% | +0.13 pp |
| Kapoor Garg Huf | 1.20% | +0.07 pp |
| Pawanjgarg Huf | 0.40% | unchanged |
| Anu Garg | 0.30% | unchanged |
| Saroj Garg | 0.30% | unchanged |
| Llp | 0.00% | newly disclosed |
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.
What the price assumes
AttractiveTo justify its price of ₹22, this stock must grow earnings at 24% every year for 7 years. Our analysis caps realistic growth at ~53%. At that growth it is worth ₹87 — upside of 299%.
- Growth the price implies
- 23.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 54.8% a year
- net profit, FY24–FY26 · EPS 53.2%
- The gap
- -0.3 pp
- 299% downside if it only repeats history
Learn to analyse Latteys Industries Limited
Guides on how to read this kind of business and the numbers that matter.