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Affordable Robotic Overview

1. Business Overview

Affordable Robotic & Automation Ltd. specializes in designing, developing, manufacturing, and integrating custom-built automation solutions, robotic systems, and Special Purpose Machines (SPMs). The company provides end-to-end turnkey solutions, including assembly lines, material handling systems, vision inspection systems, gantry systems, and robotic welding/material handling cells. Its core business model revolves around undertaking projects for various industrial clients, primarily in the automotive, defense, general manufacturing, and aerospace sectors, to enhance their manufacturing efficiency, precision, and productivity. Revenue is generated through project execution, encompassing design, manufacturing, installation, and after-sales support services.

2. Key Segments / Revenue Mix

The company's revenue is primarily derived from its integrated automation solutions and custom-built machinery. While a detailed percentage breakdown of revenue by specific product or service line is not consistently disclosed, its offerings broadly fall into:

Robotic Automation Solutions: Design and integration of robotic cells for various applications like welding, material handling, and assembly.

Factory Automation Solutions: Development and implementation of automated assembly lines, conveyors, gantry systems, and vision systems.

Special Purpose Machines (SPMs): Custom-engineered machines designed for specific manufacturing processes to meet unique client requirements.

The client base spans across diverse manufacturing industries.

3. Industry & Positioning

Affordable Robotic & Automation operates within the Indian industrial automation and robotics market, which is experiencing significant growth driven by increasing manufacturing output, the adoption of Industry 4.0 principles, and a focus on cost reduction and quality improvement. The industry is fragmented, comprising large multinational players offering standardized solutions and smaller, specialized domestic integrators. Affordable Robotic & Automation positions itself as a provider of bespoke, end-to-end automation solutions, emphasizing its ability to design and integrate highly customized systems and special purpose machines tailored to specific client needs, often for complex manufacturing challenges.

4. Competitive Advantage (Moat)

The company's competitive advantages are primarily derived from:

Customization and Engineering Expertise: Its core strength lies in its ability to design, manufacture, and integrate highly specialized and custom-built automation solutions, differentiating it from companies offering only off-the-shelf products.

Niche Focus and Project Experience: By catering to specific client requirements with tailor-made solutions, the company builds specialized experience and relationships in its target industries. Successful project execution and domain-specific knowledge contribute to client stickiness.

Turnkey Solution Provider: Offering comprehensive solutions from conceptualization to after-sales support reduces complexity for clients, enhancing value proposition.

5. Growth Drivers

"Make in India" and Manufacturing Growth: Government initiatives promoting domestic manufacturing and overall industrial growth in India directly stimulate demand for automation to boost productivity, quality, and competitiveness.

Industry 4.0 and Smart Factory Adoption: Increasing investment by Indian manufacturers in digital transformation, IoT, and smart factory technologies drives the need for advanced robotics and automation.

Rising Labor Costs and Quality Demands: Escalating labor costs and the imperative for higher precision and consistent product quality compel industries to automate manufacturing processes.

Emerging Sectors: Growth in new manufacturing segments such as electric vehicles (EVs), aerospace, and defense offers significant opportunities for specialized automation solutions.

Technological Advancements: Continuous innovation in robotics, AI, and vision systems creates opportunities for upgrading existing systems and deploying more advanced automation.

6. Risks

Project-Based Revenue Volatility: Revenue generation is inherently lumpy and dependent on securing and successfully executing a limited number of large-value projects, leading to potential fluctuations in financial performance.

Technology Obsolescence and R&D Intensity: The rapid evolution of automation and robotics technology necessitates continuous investment in research and development to maintain competitiveness, posing a risk of technological obsolescence.

Intense Competition: The company faces competition from established global automation giants as well as numerous domestic system integrators, putting pressure on pricing and market share.

Working Capital Management: Custom projects often require significant upfront investment in design, procurement, and manufacturing, leading to substantial working capital requirements until project milestones are achieved and payments are received.

Client Concentration: Over-reliance on a few large clients or specific industry sectors could make the company vulnerable to downturns in those particular areas.

Skilled Talent Availability: The shortage of highly skilled engineers and technicians proficient in advanced robotics and automation design, integration, and maintenance poses a challenge.

7. Management & Ownership

The company was promoted by Clarence D'Souza and Rupali D'Souza. Clarence D'Souza serves as the Managing Director and brings considerable experience and leadership in the industrial automation sector, having founded the company. The ownership structure is characterized by a significant promoter holding, which is common for SME-listed companies in India, suggesting a strong alignment of interests between the founding management and the company's long-term performance.

8. Outlook

Affordable Robotic & Automation is strategically positioned to benefit from the tailwinds of India's manufacturing growth and the accelerating adoption of industrial automation. Its focus on custom-built, end-to-end solutions and engineering expertise provides a strong foundation for addressing complex client needs. The "Make in India" initiative and the broader push towards Industry 4.0 are significant demand drivers. However, the company operates in a highly competitive and technologically dynamic environment, necessitating continuous innovation and efficient project execution. Key challenges include managing working capital effectively in a project-centric business, mitigating potential client concentration risks, and scaling operations while maintaining quality and customization. The ability to successfully navigate these challenges will be critical for sustained profitability and market expansion.

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Affordable Robotic Key Financials

Market Cap ₹191 Cr.

Stock P/E -16.4

P/B 1.6

Current Price ₹161.4

Book Value ₹ 99.9

Face Value 10

52W High ₹540

Dividend Yield 0%

52W Low ₹ 120

Affordable Robotic Share Price

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Volume
Price

Affordable Robotic Quarterly Price

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Affordable Robotic Peer Comparison

Affordable Robotic Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 43 14 106 19 25 34 84 19 28 20
Other Income 0 -0 0 0 0 0 0 0 2 0
Total Income 43 14 106 19 25 35 85 19 30 20
Total Expenditure 47 24 76 25 28 35 77 21 23 17
Operating Profit -5 -10 30 -6 -3 -0 8 -2 6 3
Interest 2 1 1 1 1 1 2 1 1 1
Depreciation 1 1 2 0 0 0 1 1 0 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -7 -12 27 -7 -5 -2 5 -4 5 1
Provision for Tax -0 0 2 0 0 0 2 0 0 0
Profit After Tax -7 -12 25 -7 -5 -2 2 -4 5 1
Adjustments 0 -0 0 0 -0 0 0 0 0 -0
Profit After Adjustments -7 -12 25 -7 -5 -2 2 -4 5 1
Adjusted Earnings Per Share -6.7 -11.2 22.1 -6.6 -4.3 -1.5 2 -3.3 4.1 1.2

Affordable Robotic Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 45 65 82 87 56 81 114 163 163 151
Other Income 0 0 0 0 0 0 0 0 1 2
Total Income 45 65 83 87 56 81 114 163 164 154
Total Expenditure 36 55 70 79 55 75 105 148 166 138
Operating Profit 9 10 12 8 1 7 9 16 -2 15
Interest 1 2 3 2 3 3 4 4 5 5
Depreciation 1 1 2 2 2 1 1 3 2 3
Exceptional Income / Expenses 0 0 -1 0 0 0 0 0 0 0
Profit Before Tax 6 7 7 4 -4 2 4 9 -9 7
Provision for Tax 2 2 1 1 -0 0 2 2 2 2
Profit After Tax 4 5 5 3 -4 2 2 6 -12 4
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 4 5 5 3 -4 2 2 6 -12 4
Adjusted Earnings Per Share 6.3 7.8 4.9 3 -3.4 2.3 2.1 5.7 -10.4 4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 26% 13% 0%
Operating Profit CAGR -113% NAN% NAN% 0%
PAT CAGR -300% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -59% -22% 10% NA%
ROE Average -11% 0% -0% 13%
ROCE Average -3% 5% 4% 15%

Affordable Robotic Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 7 14 47 49 46 53 59 113 101
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 2 3 9 9 11 15 16 16 20
Other Non-Current Liabilities 2 0 0 0 0 0 6 5 5
Total Current Liabilities 44 42 43 56 54 52 85 104 107
Total Liabilities 55 60 99 115 112 121 166 238 233
Fixed Assets 6 10 12 15 14 13 12 12 19
Other Non-Current Assets 1 1 12 13 14 20 24 28 43
Total Current Assets 48 49 75 87 83 88 130 198 171
Total Assets 55 60 99 115 112 121 166 238 233

Affordable Robotic Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 2 1 3 2 2 4 7 40
Cash Flow from Operating Activities -0 5 -14 4 3 1 -0 -5 -6
Cash Flow from Investing Activities -2 -5 -15 -4 -2 -6 -5 -41 -24
Cash Flow from Financing Activities 1 -0 31 -1 -0 7 8 79 -0
Net Cash Inflow / Outflow -1 -1 2 -1 1 2 3 33 -30
Closing Cash & Cash Equivalent 2 1 3 2 2 5 7 40 9

Affordable Robotic Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.25 7.76 4.9 2.97 -3.42 2.29 2.09 5.72 -10.36
CEPS(Rs) 7.88 9.37 6.54 4.63 -1.71 3.66 3.46 8.33 -8.66
DPS(Rs) 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 11.75 21.65 45.21 47.82 44.4 51.55 57.55 100.13 89.58
Core EBITDA Margin(%) 17.54 12.55 12.45 7.57 1.01 6.84 6.31 8.09 -1.65
EBIT Margin(%) 15.71 11.27 9.97 6 -1.41 5.51 5.41 6.7 -2.12
Pre Tax Margin(%) 13 9.04 6.73 3.78 -5.47 2.55 2.77 4.55 -4.81
PAT Margin (%) 8.02 6.59 5.21 2.99 -5.37 2.46 1.61 3.38 -5.95
Cash Profit Margin (%) 10.1 7.95 6.95 4.66 -2.69 3.93 2.67 4.92 -4.97
ROA(%) 7.24 8.94 6.38 2.87 -3.13 2.04 1.51 3.18 -4.95
ROE(%) 53.2 47.11 16.6 6.39 -7.42 4.78 3.83 7.47 -10.92
ROCE(%) 50.31 37.11 18.87 8.54 -1.28 6.84 8 9.94 -2.63
Receivable days 120.23 84 94.84 124.56 224.85 157.15 145.72 154.14 167.26
Inventory Days 197.06 121.97 98.49 121.82 210.63 131.76 110.91 96.79 104.4
Payable days 360.66 180.27 127.07 170.93 290.17 186.19 182.57 177.56 164.39
PER(x) 0 0 22.06 7.53 0 66.17 144.66 75.12 0
Price/Book(x) 0 0 2.39 0.47 2.09 2.94 5.26 4.29 4.27
Dividend Yield(%) 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.16 0.35 1.61 0.52 2.13 2.25 3.02 3 2.93
EV/Core EBITDA(x) 0.84 2.34 10.84 5.74 142.41 27.17 39.65 31.2 -212.93
Net Sales Growth(%) 0 44.24 26.57 5.52 -35.45 44.55 40.31 43.34 -0.33
EBIT Growth(%) 0 12.6 10.73 -36.46 -115.04 672.86 36.72 75.67 -132.52
PAT Growth(%) 0 29.06 -1.13 -39.36 -215.1 167.05 -8.78 197.39 -281.23
EPS Growth(%) 0 24.13 -36.89 -39.36 -215.1 167.05 -8.77 173.23 -281.23
Debt/Equity(x) 1.07 1.22 0.52 0.48 0.56 0.57 0.64 0.41 0.55
Current Ratio(x) 1.1 1.16 1.74 1.56 1.54 1.69 1.53 1.9 1.6
Quick Ratio(x) 0.49 0.56 1.1 0.81 0.89 1.02 0.98 1.38 1.06
Interest Cover(x) 5.79 5.05 3.08 2.7 -0.35 1.86 2.05 3.11 -0.79
Total Debt/Mcap(x) 0 0 0.22 1.03 0.27 0.19 0.12 0.1 0.13

Affordable Robotic Shareholding Pattern

# Sep 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 61.48 55.64 55.65 55.65 55.65 55.65 55.65 47.11 43.24 43.64
FII 0 0 0 0 0.22 0.23 0 0.89 1.17 1.42
DII 0 0 0.79 0 0.55 0.79 0.79 0.43 0 0
Public 38.52 44.36 43.56 44.35 43.58 43.34 43.56 51.57 55.59 54.94
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Affordable Robotic News

Affordable Robotic Pros & Cons

Pros

  • Debtor days have improved from 177.56 to 164.39days.

Cons

  • Promoter holding is low: 43.64%.
  • Company has a low return on equity of 0% over the last 3 years.
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