OBSCP
OBSC Perfection share price & financials
- Price
- ₹527.5
- Market cap
- ₹2.5k Cr
- Calls analysed
- 2
OBSC Perfection Q4 FY26
What went well
- Revenue grew by 54% in FY26, surpassing the 40% guidance.
- EBITDA margins reached 19.5% in FY26, exceeding the 2% gross margin improvement guidance.
- Secured an order book of over INR1,200 crores (INR980 crores automotive, INR230 crores non-auto), providing 5-6 years of revenue visibility.
What to watch
- Geopolitical tensions, rising commodity prices, and increased shipping costs created a challenging operating environment.
- Free cash flow is expected to remain negative due to continuous capital investments required for rapid growth (50%+ growth rate).
What OBSC Perfection does
OBSC Perfection manufactures precision-machined and formed components and sub-assemblies (shafts, sensor bosses, ammunition casings, suspension and steering parts, cable fittings and more) using in-house Machining, Investment Casting, Hot and Cold Forging, Stamping, Surface Treatment, Welding & Fabrication and Assembly processes. It earns by supplying these components to global and domestic OEMs across automotive (including EV), defence, marine, renewables and aerospace/medical-implant sectors, with a large share of revenue coming from long-standing export relationships. The company has been expanding its process capabilities and adding new facilities to move up the value chain toward more complex, larger parts.
Segments
- Automotive
- Defense
- Marine
- Renewables & Others
- Manufacturing facilities
- 6
- Manufacturing locations
- Pune, Chennai, Faridabad
- Total manufacturing area
- 175,000+ sq. ft.
- On-roll workforce
- 190+
- Export countries served
- 17
- Product profiles manufactured
- 100+
Guidance record · Q4 FY26
what the last two calls moved 15 tracked 3 delivered 3 missed 9 open- Revenue Growth delivered said Q4 FY25 Promised: We expect growth of over 40% in the current financial year '26. Q4 FY26: Achieved 54% revenue growth in FY26, significantly exceeding the >40% target.
- EBITDA Margin missed said Q4 FY25 Promised: immediate target is to improve the margins by at least two percentage points for this financial year Q4 FY26: FY26 EBITDA margin was 19.5%, an improvement of only 0.5 percentage points, falling short of the 2 percentage point target.
- EBITDA Margin on track said Q4 FY25 Promised: expanding our EBITDA margin by 4%, 5% over the next three, four years. Q4 FY26: Margin increased by 0.5pp to 19.5% in FY26. New guidance for FY27 is a further 1pp increase. Progress is being made towards the long-term goal.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 84.7%, net profit up 88.3% 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 | 68 | 35 | 40 | 42 | 47 −31% | 59 +70% | 72 +77% | 77 +85% |
| EBITDA | 12 | 7 | 6 | 7 | 8 −29% | 11 +64% | 12 +92% | 14 +85% |
| Net profit | 7 | 4 | 5 | 5 | 5 −22% | 8 +78% | 9 +70% | 9 +88% |
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 +177.3% 1Y
1Y: ₹345.7 on 10 Sept 2025 → ₹958.65. High ₹986.25 (9 Sept 2026), low ₹280.6 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- +15.6%
- 21 May
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 | ₹220 Cr |
| Operating profit | ₹40 Cr |
| Operating margin | 18.1% |
| Interest | ₹4 Cr |
| Depreciation | ₹7 Cr |
| Net profit | ₹27 Cr |
| Net margin | 12.3% |
| Cash from operations | ₹-2 Cr |
| Free cash flow | ₹-79 Cr |
| ROCE | 20.0% |
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 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹18 Cr | ₹24 Cr | ₹26 Cr |
| Reserves | ₹1 Cr | ₹6 Cr | ₹12 Cr | ₹90 Cr | ₹146 Cr |
| Borrowings | ₹19 Cr | ₹33 Cr | ₹41 Cr | ₹42 Cr | ₹69 Cr |
| Other liabilities | ₹16 Cr | ₹18 Cr | ₹15 Cr | ₹22 Cr | ₹55 Cr |
| Total liabilities | ₹48 Cr | ₹69 Cr | ₹86 Cr | ₹179 Cr | ₹296 Cr |
| Fixed assets | ₹22 Cr | ₹30 Cr | ₹41 Cr | ₹72 Cr | ₹112 Cr |
| Capital work in progress | ₹2 Cr | ₹5 Cr | ₹2 Cr | ₹14 Cr | ₹6 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹25 Cr | ₹34 Cr | ₹43 Cr | ₹92 Cr | ₹178 Cr |
| Total assets | ₹48 Cr | ₹69 Cr | ₹86 Cr | ₹179 Cr | ₹296 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 +4.37 pp while promoters trimmed −3.67 pp. The shareholder count grew 93% to 2,770.
- Promoters
- 69.8%
- FIIs
- 0.6%
- DIIs
- 1.6%
- Public
- 27.9%
Since Jun 2025
- Public +4.37 pp
- Promoters −3.67 pp
- FIIs −1.49 pp
How it drifted, 7 quarters
Over this window the public went from 14.2% to 27.9% — +13.8 pp.
Ownership split by quarter, oldest first. Oct '24: Promoters 73.0%, FIIs 9.5%, DIIs 3.4%, Public 14.2%.Mar '25: Promoters 73.5%, FIIs 3.6%, DIIs 1.3%, Public 21.6%.Jun '25: Promoters 73.5%, FIIs 2.1%, DIIs 0.8%, Public 23.6%.Sep '25: Promoters 73.5%, FIIs 1.5%, DIIs 0.9%, Public 24.1%.Dec '25: Promoters 73.5%, FIIs 1.5%, DIIs 0.9%, Public 24.1%.Mar '26: Promoters 69.8%, FIIs 1.6%, DIIs 1.3%, Public 27.3%.Jun '26: Promoters 69.8%, FIIs 0.6%, DIIs 1.6%, Public 27.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of OBSC Perfection above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Omega Bright Steel & Components Private Limited | 35.02% | unchanged |
| Ashwani Leekha | 17.27% | unchanged |
| Saksham Leekha | 13.91% | unchanged |
| Sakshi Leekha Ahuja | 3.38% | unchanged |
| Dhruv Verma | 0.09% | unchanged |
| Manya Jain | 0.05% | unchanged |
| Ritika Narang Tickoo | 0.04% | unchanged |
| Sanjeev Verma | 0.03% | unchanged |
| Aarush Leekha | 0.02% | unchanged |
| Anglian Infrastructure Development Private Limited | 0.00% | unchanged |
| OSM Jaesung Technologies Private Limited | 0.00% | unchanged |
| OSM Ecocar Private Limited | 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.
What the price assumes
- Growth the price implies
- 41.2% 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 (2)
Read the Q4 FY26 call →Learn to analyse OBSC Perfection
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