MONOLITH
Monolithisch India share price & financials
- Price
- ₹707.65
- Market cap
- ₹1.9k Cr
- Sector
- Capital Goods
- Calls analysed
- 4
Monolithisch India Ltd Q1 FY27
What went well
- Highest ever quarterly revenue of ₹47 crores, registering a strong 64% year-on-year and 16% quarter-on-quarter growth.
- Highest ever quarterly EBITDA of ₹13 crores, increasing 99% year-on-year and 15% quarter-on-quarter.
- Highest ever quarterly PAT of ₹10 crores, reflecting a robust 135% year-on-year and a 24% sequential growth.
What to watch
- Q1 FY27 revenue of ₹47 crores was slightly below the Q1 guidance of ₹50-52 crores, with ₹1-2 crores attributed to West Bengal elections impacting civil labor for the greenfield project.
- Management deferred detailed discussion on future capex plans and the high specialty silica opportunity to the upcoming AGM.
What Monolithisch India Ltd does
Monolithisch India manufactures ramming mass, a refractory consumable used to line and maintain induction furnaces, serving customers in the iron, steel and foundry industries. It earns by selling multiple branded premix grades engineered for different furnace conditions, including a newly launched premium grade backed by an extended heat-assurance warranty that supports better price realisation. Its manufacturing units are deliberately sited in Eastern India, the country's largest induction-furnace steel production cluster, to stay close to both raw-material sources and steel-plant customers. One unit is operated through wholly-owned subsidiary Mineral India Global, while a large greenfield facility (Metalurgica) is being built in West Bengal to expand the group's manufacturing base.
Segments
- Ramming Mass Manufacturing
- Manufacturing units
- 3 (Sarbari, Ranchi, Purulia/Metalurgica)
- Total group capacity at full scale
- 5,76,000 MTPA
- Sarbari Unit (West Bengal) capacity
- 2,50,000 MTPA
- Ranchi Unit (Mineral India Global, Jharkhand) capacity
- 72,000 MTPA
- Purulia/Metalurgica greenfield unit planned capacity
- 2,52,000-2,54,000 MTPA
- Branded product grades
- 5 premix ramming mass grades plus newly launched premium SGB Limited grade
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 3 delivered 4 missed 10 open- FY26 Revenue missed said Q2 FY26 Promised: INR140 crores to INR160 crores Q1 FY27: FY26 target, not discussed in Q1 FY27.
- FY27 Revenue revised down said Q4 FY26 Promised: INR250 crores to INR300 crores Q1 FY27: Management reiterated confidence in achieving 'approximately INR250 crores', narrowing the guidance from the original INR250-300 crores.
- Total Group Capacity on track said Q2 FY26 Promised: 514,000 MTPA over the next eight months (by Nov 2025) Q1 FY27: Greenfield project slated for commissioning in Q2 FY27. Dry run scheduled for Sep 14, 2026, with commercial production targeted by Sep 23-24, 2026. This confirms the previously delayed timeline.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 62.1%, net profit up 150.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 26 | 30 | 29 | 28 | 37 +42% | 41 +37% | 47 +62% |
| EBITDA | 6 | 7 | 7 | 5 | 9 +50% | 11 +57% | 13 +86% |
| Net profit | 4 | 4 | 4 | 5 | 6 +50% | 8 +100% | 10 +150% |
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 +200.9% 1Y
1Y: ₹476.05 on 10 Sept 2025 → ₹1,432.55. High ₹1,446.4 (10 Sept 2026), low ₹375.5 (16 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +5.9%
- 27 Jul
- Q4 FY26
- −1.2%
- 7 May
- Q3 FY26
- +3.5%
- 30 Jan
- Q2 FY26
- −4.8%
- 16 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
| Year ending | FY26 |
|---|---|
| Revenue | ₹135 Cr |
| Operating profit | ₹32 Cr |
| Operating margin | 23.7% |
| Interest | ₹0 Cr |
| Depreciation | ₹2 Cr |
| Net profit | ₹23 Cr |
| Net margin | 17.0% |
| ROCE | 35.0% |
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 | FY25 | FY26 |
|---|---|---|
| Equity capital | ₹22 Cr | ₹22 Cr |
| Reserves | ₹95 Cr | ₹109 Cr |
| Borrowings | ₹0 Cr | ₹6 Cr |
| Other liabilities | ₹5 Cr | ₹8 Cr |
| Total liabilities | ₹121 Cr | ₹145 Cr |
| Fixed assets | ₹13 Cr | ₹28 Cr |
| Capital work in progress | ₹7 Cr | ₹11 Cr |
| Investments | ₹0 Cr | ₹7 Cr |
| Other assets | ₹101 Cr | ₹99 Cr |
| Total assets | ₹121 Cr | ₹145 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.
What the price assumes
- Growth the price implies
- 47.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Monolithisch India Ltd
Guides on how to read this kind of business and the numbers that matter.