ROSSTECH
Rossell Techsys share price & financials
- Price
- ₹1,027.6
- Market cap
- ₹4.6k Cr
- Sector
- Capital Goods
- Calls analysed
- 4
Rossell Techsys Q4 FY26
What went well
- Revenue for FY26 grew 87% YoY to INR 485 crores, significantly exceeding guided milestones.
- Profit before tax for FY26 more than doubled to INR 28 crores, and EBITDA expanded sharply to INR 66 crores.
- The company's total confirmed order bookings stand at INR 715 crores, supported by strategic agreements aggregating INR 3,000 crores, providing strong revenue visibility.
What to watch
- Margins were sequentially weaker and lower than guided in FY26 due to significant investments in capacity, people, inventory, and new market entries.
- Debt has been increasing, necessitating a fundraise (QIP) to strengthen the balance sheet and support accelerated growth.
What Rossell Techsys Limited does
Rossell Techsys designs and manufactures build-to-print and build-to-specification electrical/electro-mechanical systems — wiring interconnect systems, electronic assemblies, and automatic test equipment — for global aerospace and defense OEMs and Tier-1 suppliers, and has expanded into semiconductor and space/satellite programs. It also offers electrical/electronic after-market (MRO) services and engineering services. The company was demerged from Rossell India Limited and listed independently in August 2024, with its core manufacturing base in Bengaluru and a smaller facility in Arizona, USA.
Segments
- Aerospace & Defense
- Semiconductors
- Space & Satellites
- Employees
- ~1,201 (1,196 at Bengaluru Unit 1A incl. contract workers & trainees; 5 at Arizona, USA Unit 2)
- Manufacturing facilities
- 2 units — Unit 1A, Bengaluru, India and Unit 2, Arizona, USA; plus a new ~2,10,000 sq ft leased facility (Unit 1B, Bengaluru) under development for space & semiconductor programs
- Manufacturing built-up area
- ~2,55,000 sq ft (Unit 1A, Bengaluru) plus ~4,100 sq ft (Unit 2, Arizona)
- Customer footprint
- 30+ customers across 8 countries
- NADCAP-accredited processes
- 45 NADCAP AC7121-audited processes; among the first Indian aerospace & defense companies to hold this
- Facility certification
- IGBC Gold-rated manufacturing facility
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 1 delivered 2 missed 8 open- Full Year Revenue Growth delivered said Q1 FY26 Promised: significant multi-fold increase in our revenue Q4 FY26: Achieved full year revenue of 485 cr, an 87% YoY growth. While not 'multi-fold', this represents a massive and significant increase, fulfilling the spirit of the promise.
- EBITDA / Profit Margin missed said Q1 FY26 Promised: EBITDA anywhere in the range of 18% to 22% (short term) Q4 FY26: FY26 EBITDA margin was 13.6% (66 cr / 485 cr), missing the guided range. Management blames investments and reiterates the 17-22% target for FY27.
- QIP Closure delayed said Q2 FY26 Promised: intent of the company by end of December, that the QIP process is completed Q4 FY26: QIP still not closed. Management states they are 'actively pursuing the fundraising initiatives' and have specified a quantum of 7-10% of market cap.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 77.8%, net profit up 134.2% 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 | 51 | 76 | 88 | 87 | 126 +147% | 130 +72% | 142 +62% | 155 +78% |
| EBITDA | 6 | 14 | 15 | 11 | 15 +151% | 17 +21% | 16 +7% | 22 +107% |
| Net profit | 0 | 5 | 7 | 3 | 5 +12400% | 5 +6% | 7 +9% | 7 +134% |
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 +75.0% 1Y
1Y: ₹693.8 on 10 Sept 2025 → ₹1,214.3. High ₹1,218 (8 Sept 2026), low ₹573.85 (9 Jan 2026).
How the price took the results
close before → close after
- Q4 FY26
- −6.5%
- 12 May
- Q3 FY26
- +16.6%
- 4 Feb
- Q2 FY26
- −5.6%
- 11 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 87.1% a year over 1 year, FY25 to FY26. Operating margin narrowed to 12.2%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹259 Cr | ₹485 Cr |
| Operating profit | ₹34 Cr | ₹59 Cr |
| Operating margin | 13.2% | 12.2% |
| Interest | ₹16 Cr | ₹24 Cr |
| Depreciation | ₹10 Cr | ₹14 Cr |
| Net profit | ₹7 Cr | ₹21 Cr |
| Net margin | 2.9% | 4.3% |
| Cash from operations | ₹-44 Cr | ₹-82 Cr |
| Free cash flow | ₹-58 Cr | ₹-104 Cr |
| ROCE | 8.0% | 11.0% |
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 | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr |
| Reserves | ₹107 Cr | ₹118 Cr | ₹134 Cr | ₹145 Cr |
| Borrowings | ₹148 Cr | ₹168 Cr | ₹265 Cr | ₹409 Cr |
| Other liabilities | ₹45 Cr | ₹67 Cr | ₹124 Cr | ₹66 Cr |
| Total liabilities | ₹307 Cr | ₹360 Cr | ₹530 Cr | ₹627 Cr |
| Fixed assets | ₹109 Cr | ₹103 Cr | ₹117 Cr | ₹124 Cr |
| Capital work in progress | ₹2 Cr | ₹10 Cr | ₹7 Cr | ₹1 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹1 Cr |
| Other assets | ₹195 Cr | ₹246 Cr | ₹406 Cr | ₹501 Cr |
| Total assets | ₹307 Cr | ₹360 Cr | ₹530 Cr | ₹627 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, DIIs trimmed −1.64 pp while the public added +1.45 pp. The shareholder count grew 78% to 26,662.
- Promoters
- 74.8%
- FIIs
- 1.7%
- DIIs
- 0.8%
- Public
- 22.7%
Since Jun 2025
- DIIs −1.64 pp
- Public +1.45 pp
- FIIs +0.20 pp
How it drifted, 8 quarters
Over this window DIIs fell from 2.7% to 0.8% — −1.9 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 74.8%, FIIs 1.5%, DIIs 2.7%, Public 21.0%.Dec '24: Promoters 74.8%, FIIs 1.5%, DIIs 2.4%, Public 21.3%.Mar '25: Promoters 74.8%, FIIs 1.5%, DIIs 2.4%, Public 21.3%.Jun '25: Promoters 74.8%, FIIs 1.5%, DIIs 2.4%, Public 21.3%.Sep '25: Promoters 74.8%, FIIs 1.5%, DIIs 2.4%, Public 21.3%.Dec '25: Promoters 74.8%, FIIs 1.5%, DIIs 2.8%, Public 20.9%.Mar '26: Promoters 74.8%, FIIs 1.6%, DIIs 3.5%, Public 20.1%.Jun '26: Promoters 74.8%, FIIs 1.7%, DIIs 0.8%, Public 22.7%.
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.
- Harsh Rishab Gupta Trust newly disclosed 0.00% held
- Rossell India Limited newly disclosed 0.00% held
- Harsh Samara Gupta Trust newly disclosed 0.00% 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 Rossell Techsys Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Harsh Mohan Gupta | 39.49% | unchanged |
| Rishab Mohan Gupta | 17.67% | unchanged |
| Vinita Gupta | 9.66% | unchanged |
| Harsh Mohan Gupta & Son Huf | 7.63% | unchanged |
| Ashwini Agarwal | 1.89% | unchanged |
| Ebisu Global Opportunities Fund Limited FPI fund | 1.47% | unchanged |
| Harvin Estate P Ltd | 0.28% | unchanged |
| Samara Gupta | 0.04% | unchanged |
| Bmg Investments Pvt Ltd | 0.03% | unchanged |
| Harsh Rishab Gupta Trust | 0.00% | newly disclosed |
| Rossell India Limited | 0.00% | newly disclosed |
| Harsh Samara Gupta Trust | 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.
All earnings calls (4)
Read the Q4 FY26 call →Learn to analyse Rossell Techsys Limited
Guides on how to read this kind of business and the numbers that matter.