PSFL

Paramount Speciality Forgings financials

Market cap
₹67 Cr
Sector
Capital Goods
Calls analysed
2
Latest concall · Q4 FY26 · call held 13 Jun 2026

PSFL Q4 FY26

FY26 Revenue ₹120 cr FY26 EBITDA Margin 6%

What went well

  • Targeting FY27 revenue of 150-160 crores and FY28 revenue of approximately 200 crores, indicating strong growth outlook.
  • Capacity expansion with a 10-ton forging hammer and a 2,000-ton forging press is expected to increase output to 6,000 to 8,000 tons per annum.
  • Successfully commissioned internal testing laboratory in Feb 2026 and expects NABL accreditation in a couple of months, opening new business avenues.

What to watch

  • EBITDA margins dipped to approximately 6% in the last year due to cost increases and industry fluctuations, with a sustainable target of 14-15% appearing difficult for FY27.
  • Higher depreciation from the capitalization of the entire plant in FY27 is expected to impact overall earnings and profitability.
Read the full call →

Guidance record · Q4 FY26

what the last two calls moved 18 tracked 3 delivered 2 missed 13 open
  • FY26 Revenue delivered said Q3 FY26 Promised: ₹120-130 crores Q4 FY26: Achieved FY26 revenue of ₹120 crores, meeting the lower end of the guided range.
  • NORSOK Certification Completion went quiet said Q3 FY26 Promised: within 2-3 months Q4 FY26: The 2-3 month deadline (by May 2026) has passed. No mention of NORSOK certification in the Q4 FY26 call.
  • FY27 Revenue Growth revised up said Q3 FY26 Promised: 20-25% Q4 FY26: New guidance for FY27 is ₹150-160 crores, implying 25-33.3% growth on a ₹120 crore base, which is higher than the original 20-25% guidance.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q4 FY26: revenue up 19.2%, net profit up 0.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue51 52 47 63 58 +14%62 +19%
EBITDA7 6 3 5 4 −43%4 −33%
Net profit3 2 2 3 2 −33%2 +0%
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 −13.4% 1Y

₹25.0₹30.0₹35.0₹40.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 29 Jan 2026Q4 FY26 — 12 Jun 2026

1Y: ₹39.55 on 10 Sept 2025 → ₹34.25. High ₹40.05 (11 Sept 2025), low ₹23.5 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
0.0%
13 Jun
Q3 FY26
+6.7%
29 Jan

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.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹0 Cr₹0 Cr₹0 Cr₹15 Cr₹20 Cr₹20 Cr
Reserves₹17 Cr₹20 Cr₹16 Cr₹8 Cr₹34 Cr₹37 Cr
Borrowings₹16 Cr₹12 Cr₹20 Cr₹25 Cr₹26 Cr₹28 Cr
Other liabilities₹16 Cr₹23 Cr₹36 Cr₹34 Cr₹31 Cr₹43 Cr
Total liabilities₹49 Cr₹54 Cr₹72 Cr₹82 Cr₹112 Cr₹128 Cr
Fixed assets₹14 Cr₹12 Cr₹11 Cr₹9 Cr₹12 Cr₹13 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹9 Cr₹15 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹35 Cr₹42 Cr₹61 Cr₹72 Cr₹91 Cr₹99 Cr
Total assets₹49 Cr₹54 Cr₹72 Cr₹82 Cr₹112 Cr₹128 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 Mar 2026

Since Mar 2025, the public added +1.13 pp while DIIs trimmed −0.95 pp. The shareholder count shrank 11% to 797.

Promoters
72.3%
DIIs
8.2%
Public
19.5%

Since Mar 2025

  • Public +1.13 pp
  • DIIs −0.95 pp
  • FIIs −0.21 pp

How it drifted, 4 quarters

Over this window the public went from 16.0% to 19.5% — +3.5 pp.

Sep '24Mar '25Mar '26

Ownership split by quarter, oldest first. Sep '24: Promoters 72.2%, FIIs 1.9%, DIIs 9.9%, Public 16.0%.Mar '25: Promoters 72.3%, FIIs 0.2%, DIIs 9.1%, Public 18.4%.Sep '25: Promoters 72.3%, FIIs 0.2%, DIIs 8.6%, Public 19.0%.Mar '26: Promoters 72.3%, DIIs 8.2%, Public 19.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Mar 2026 filing

Every holder of Paramount Speciality Forgings Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.

HolderStakeChange
Aliasgar Roshan Hararwala 12.48%unchanged
Abdulla Aliasgar Bhagat 12.37%unchanged
Zahid Mohamadi Hararwala 10.31%unchanged
Roshan Alihusain Hararwala 8.25%unchanged
Aliasgar Abdulla Bhagat 8.25%unchanged
Hoozefa Saleem Hararwala 6.87%unchanged
Abbasali Hararwala 6.87%unchanged
Mohammed Salim Hararwala 6.87%unchanged
India Equity Fund 1 AIF5.21%unchanged
Invicta Continuum Fund I AIF1.82%unchanged
Smart Horizon Opportunity Fund AIF1.15%−0.37 pp
Habib Fakhruddin Rashiq 0.01%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
-2.4% 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
Price today ₹34.25

Change the assumptions yourself →

All earnings calls (2)

Read the Q4 FY26 call →

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