Technocrats Plasma Systems (BSE: TECHNOCRAT) had a P/E of 49.1× on 6 Nov 2026, above the industry P/E of 33.8×. Net profit grew 115% a year over 3 years; its ROCE of 55% is the second-highest among the 7 largest Specialty Industrial Machinery peers. Debt is 0.53× equity. It is listed on an SME platform with a market cap of ₹733 Cr, ranked 72nd of 138 Specialty Industrial Machinery companies by market cap; the shares rose 73% over the past year.
- ₹405.00
- ₹420.00
- ₹400.10
- ₹405.00
- 73K
Health check
- ReturnsAhead
+73.4% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 49.1 vs industry 33.8.
- GrowthStrong
Sales +208.8%, profit +114.6% a year over 3 years.
- ProfitabilityStrong
ROCE 55.0% vs peer median 24.8%.
- Balance sheetFair
Debt 0.53× equity, interest covered 23.5×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹733 Cr
- Small cap
- P/E
- 49.1
- Industry 33.8
- Price to book
- 13.83
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 59.9%
- Peers 19.1%
- ROCE
- 55.0%
- Peers 24.8%
- Debt to equity
- 0.53
- Debt ₹11 Cr
- EPS (TTM)
- ₹8.53
- OPM (TTM)
- 16.1%
- Net margin 11.4%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 5.58
- EV/EBITDA 20.8
Strengths and risks
Strengths
- Return on equity of 59.9%.
- Return on capital employed of 55.0%.
About Technocrats Plasma Systems
Technocrats Plasma Systems Limited manufactures and supplies plasma cutting machines, welding equipment, and customized automation systems for metal fabrication and related industries in India. The company's products include CNC cutting systems, semi-automatic gas cutting machines, and plasma welding machines. It serves automotive, construction, shipbuilding, heavy engineering, and general manufacturing. The company was founded in 1990 and is based in…
- Headquarters
- Vasai
- Employees
- 37
- Sector
- Industrials
- ISIN
- INE19QK01022
- Website
- technocratplasma.com
Price range
- Avg volume (3M)
- 1.7 L
- 1-year return
- plus 73.4%
- From 52-week high
- minus 8.0%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| TECHNOCRATTechnocrats Plasma Systems | 418.75 | plus 3.40% | 733 | 49.1 | 28.3 | 55.0% | 16.1% | 0.53 | 208.8% | plus 73.4% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 |
|---|---|
| 30.7 | |
| 25.7 | |
| 5 | |
| 16.3% | |
| −0 | |
| 0.3 | |
| 0 | |
| 4.7 | |
| 24.2% | |
| 3.6 | |
| 2.03 |
Profit & loss
- Sales CAGR 3Y
- +208.8%
- Profit CAGR 3Y
- +114.6%
- ROE
- 59.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.5 | 6.1 | 49.4 | 131 | |
| – | +36.1% | +714.2% | +166.0% | |
| 3.6 | 4.5 | 39.6 | 105 | |
| 0.8 | 1.5 | 9.7 | 26.4 | |
| 18.8% | 25.5% | 19.7% | 20.1% | |
| −0 | 0 | −0.2 | −0.1 | |
| 0.6 | 0.7 | 0.8 | 1.1 | |
| 0.1 | 0.1 | 0.1 | 0.2 | |
| – | – | −0.9 | – | |
| 0.1 | 0.8 | 7.8 | 24.9 | |
| −1440.7% | −173.6% | −4.5% | 40.1% | |
| 1.5 | 2.2 | 8.1 | 14.9 | |
| – | +46.0% | +267.8% | +84.2% | |
| 0.86 | 1.26 | 4.63 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.5 | 1.5 | 1.6 | 12.9 | |
| −0 | 2.2 | 12.6 | 26.1 | |
| 6.6 | 6.7 | 10.2 | 14.7 | |
| 3.5 | 3.2 | 12.2 | 18.3 | |
| 11.7 | 13.6 | 36.7 | 72.1 | |
| 1.6 | 1.5 | 1.4 | 2.3 | |
| 0.2 | 0.2 | 0.3 | 0.1 | |
| 0.1 | 0.3 | 0.2 | 0.2 | |
| 9.8 | 11.6 | 34.8 | 69.4 | |
| 11.7 | 13.6 | 36.7 | 72.1 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.2 | 0.8 | −5 | −11.7 | |
| −0.2 | 0 | −0.2 | −1.2 | |
| 1.2 | −0.6 | 5.2 | 13.1 | |
| −0.2 | 0.2 | −0 | 0.2 | |
| −0 | −0 | −0.1 | −1.2 | |
| −1.2 | 0.8 | −5.1 | −12.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 1.1% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.