Unlisted Shares

Strength

• In FY22, our company held the 2nd and 12th largest market shares respectively in India and worldwide as a CNC machine manufacturer, constituting roughly 8% of the market share in India.
• Offered customers a choice of 200 variants in 44 series across CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), CNC Horizontal Machining Centers (HMCs) CNC 3-axis  machining Centers and CNC 5-axis machining Centers, and Multi Tasking Machines.
  
• Since April 1, 2004, have supplied over 30,000 CNC machines globally, and during the last 3 Fiscals, the Company has supplied machines over 7,200 machines to more than 3,000 customers in India and across Asia (excluding India), Europe, North America, and rest of the world.
  
• The company's committed R&D team significantly boosts our capacity to produce versatile, high-precision products. These capabilities are backed by a range of design and development tools, including Pro/E Foundation, Pro/E advanced assembly extensions, Pro/Mechanical solutions, Pro/Manufacturing UNIGRAPHICS, and Altair Hyperworks, enabling us to excel in delivering quality products.
• The company operates from 3 manufacturing facilities: two in Rajkot, Gujarat, and one in Strasbourg, France. These sites are equipped for designing, developing, and producing our product range. In India, our units span 237,408.50 sq. meters, with 72,753.18 sq. meters used and 164,655.32 sq. meters unused. In France, our area covers 16,414 sq. meters, with 6,785 sq. meters used and 9,629 sq. meters unused.
  

Financial Growth

• Revenue Growth: The company's revenue from operations grew from ₹ 580.06 Cr in FY21 to ₹ 929.26 Cr in 2023.
• Gross Margins: The company's gross margin declined from 45.1% in FY21 to 42.7% in FY23.
  
• EBITDA Margins: The company's EBITDA margin increased from 5.5% in FY21 to 10.5% in FY23.
  
• ROE: 18.4% in FY23, compared to -117.4% in FY22 and -62.2% in FY21. This suggests a significant increased in ROE in FY23 compared to the previous two years.
• ROCE: 9.5% in FY23, compared to 4.9% in FY22 and 0.47% in 2021. Similar to ROE, ROCE also saw an increase in FY23 but to a lesser extent.
• Gross Fixed Assets Turnover Ratio: 1.27 times in FY23, compared to 1.08 times in FY22 and 0.77 times in FY21. This ratio indicates how efficiently the company is using its fixed assets to generate revenue. The ratio increased in FY23, suggesting improved efficiency.
  
• Debt-to-Equity Ratio: 10.2 in FY23, compared to 19.3 in FY22 and 6.44 in FY21. This suggests a significant improved in debt-to-equity ratio in FY23 but still very high as compared to industry standard.
• Debt Service Coverage Ratio: The company's debt service coverage ratio has slightly improved from 0.04 in FY21 to 0.09 in FY23 but still very low as compared to industry standard.