🌀29 May 2026 OTHER SME RESULTS. LIST 2. FY26 ANNUAL RESULTS. H2FY26 RESULTS (Dev Labtech, Apollo Techno, ChatterBox, Asston)
👍DEV LABTECH – With company diluting equity with 1:1 bonus & then stock split, Rs.28.8 was at 119P/e. Now 14.3x. 👍
This is due to consolidation of UAE trading company’s finances, this year. On standalone basis, things were going down. UAE Subsidiary’s finances are not audited and hopefully there wont be any misrepresentation in future. (needs to be cautious)
🫱APOLLO TECHNO INDUSTRIES: OVERALL OKAY. New IPO. Need to give some time. Rs.97 was at 11.6 p/e. Now 12x. 🫱FY26 112Cr sales Vs 100Cr in Fy25. Annual PAT is slightly lower, with slight margin reduction over the last year. Market would expect big growth in Fy27, considering almost 50Cr IPO funding for WC and Loan repayment. (No capex) IPO was in Dec 2025 at Rs.130 at 15.5 p/e
🫱CHATTERBOX – Influencer Marketing. FLAT. 🫱 Rs.68.5 was at 9.9P/e. Now 10.7x. Annual Rev up from Rs.59 to Rs85Cr. Pat hardly moved from 8.85Cr to 9Cr. Lower margin this year compared to previous. Not able to take off. IPO was in OCT 2025 at Rs.115 at 18P/e.
🪳ASSTON PHARMA – NOT OKAY. Reported Operational loss and is on life support with other income . And this Small pharma marketing is getting 16P/e at Rs.73 (IPO was in July 2025 at Rs.123 at 21 P/e)
🌀29 May 2026 OTHER SME RESULTS : FY26 ANNUAL RESULTS. H2FY26 RESULTS (OVAL PROJECTS need some attention) KAYTEX, SHIVALIC,MARC, HM ELECTROMECH, MACH etc
🫱KAYTEX FABRICS - OVERALL FLAT. No change in 5.5P/E at Rs.70. Topline up from Rs.155 to 163Cr. Annual PAT 16Cr to Rs.17.4Cr. BUT TTM PAT has not moved from H1 results . Digital Printed Fashion Fabrics. IPO was in AUG 2025 at Rs.180. Now Rs.70.
👍OVAL PROJECTS – GOOD NUMBERS. Rs.55 was at 10.6 P/e. Now 7.7x (IPO was in AUG 2025 at Rs.85 at 19P/e) Sales is up and Pat is up. 🔔Company is into OIL & GAS PIPING and associated Civil Works (Due to segment re-rating possible if there is enough awareness)
👍SHIVALIC POWER:Rs.75 was at 16.5 P/e. Now. 15.4x. OVERALL OKAY. After a bad H1, very good recovery in H2. Fy25 sales 157Cr Vs previous 134Cr in Fy25. PAT up from 12.4 to 13.1Cr. But after adjusting minority interest, PAT is lower at Rs.11.76Cr only(Must have acquired stake in company to grow topline) That is good for future 👍if the subsidiary has good biz
👍MARC TECHNOCRATS: GOOD. Rs.89 was at 16.2P/E. Now 14.6x. There was low expectation on this stock considering consultancy work on Civil Projects. Surprising Sales growth from Rs.48Cr to Rs.70Cr. PAT up from 7.6Cr to Rs.10.5Cr. IPO was in DEC 2025 at Rs.93 at 17p/e. Since this is consulting work for Infra Projects, topline may not have stable growth
👍HM ELECROMECH : OVERALL JUST OKAY. Rs.48 was at 9.4P/E. Now 6.8x. Very low.
May be this would re-rate a bit. Raw Water piping and treatment contractor in Municipality Jobs. Annual Sales up from 120Cr to 132Cr. PAT up from 8.3Cr to 9.7Cr. After weak H1, Very good show in H2.
🫱MACH CONFERENCES: Rs.136 was at 21 P/e. Now 19x. BUT OVERALL FLAT. Topline fell marginally from 239Cr to 233Cr. After weak H1, good recovery in H2, but not good enough. There is small uptick in margin, So PAT is marginally up at 15Cr Vs 14.2Cr last year.