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Fluidomat Overview

1. Business Overview

Fluidomat Ltd. is an Indian engineering company primarily involved in the design, manufacturing, and sale of industrial equipment. Based on its name and sector, it is highly likely specialized in fluid power products and systems, such as hydraulic and pneumatic components (e.g., valves, cylinders, pumps, power units) and related industrial machinery. The company's core business model revolves around providing solutions to various industrial applications, serving sectors like manufacturing, construction, mining, and infrastructure. It makes money by selling its manufactured products, offering customized engineering solutions, and potentially through after-sales service and spare parts.

2. Key Segments / Revenue Mix

Specific revenue mix and detailed segment breakdown are not publicly available in the provided information. However, based on the company's presumed specialization, its primary business areas likely include:

Hydraulic Components: Manufacturing and sales of individual hydraulic parts like directional control valves, pressure control valves, flow control valves, hydraulic cylinders, and pumps.

Hydraulic Systems & Power Units: Design and assembly of complete hydraulic power units and integrated systems tailored for specific industrial applications.

Potentially other related industrial engineering products or services.

3. Industry & Positioning

Fluidomat operates within the fragmented but specialized Indian industrial equipment sector, specifically within fluid power and related engineering solutions. This industry is characterized by B2B sales, requiring strong technical expertise, product reliability, and application-specific solutions. Key customers are manufacturers, heavy industries, infrastructure projects, and OEMs. Fluidomat likely competes with both domestic players and potentially smaller divisions of larger international industrial equipment manufacturers. Its positioning would depend on its product range, quality, pricing, and distribution network, aiming to serve specific niches or customer segments within the broader industrial market.

4. Competitive Advantage (Moat)

Without specific detailed information, Fluidomat's potential competitive advantages could stem from:

Specialized Technical Expertise: Deep knowledge in fluid dynamics, hydraulic system design, and manufacturing processes, leading to reliable and efficient products.

Customer Relationships & Customization: Ability to provide tailor-made solutions for industrial clients, fostering long-term relationships and potentially creating switching costs due to integration into client systems.

Product Quality & Reliability: Crucial in industrial applications where downtime is costly, a reputation for robust and durable products can be a significant advantage.

Cost Efficiency: As a domestic manufacturer in India, it might possess a cost advantage in production compared to certain international competitors, particularly for the Indian market.

5. Growth Drivers

Indian Industrial Growth: Expansion in manufacturing, infrastructure development (roads, railways, ports), and construction sectors in India drives demand for industrial equipment.

Automation & Modernization: Increasing adoption of automation and modern machinery across industries to improve efficiency and productivity.

Technological Upgrades: Demand for more energy-efficient, precise, and sophisticated fluid power solutions.

"Make in India" Initiative: Government push for domestic manufacturing could provide a tailwind, reducing reliance on imports.

Export Opportunities: Potential to expand into international markets, leveraging competitive manufacturing costs and technical capabilities.

6. Risks

Cyclicality of Industrial Demand: The capital goods sector is highly correlated with economic cycles; downturns in manufacturing or infrastructure spending can negatively impact demand.

Raw Material Price Volatility: Fluctuations in prices of metals (steel, aluminum) and other components essential for manufacturing can impact profitability.

Intense Competition: Competition from domestic peers and potentially larger global players with wider product portfolios and deeper pockets.

Technological Obsolescence: Failure to innovate or adapt to new technologies (e.g., electrification, advanced controls) could lead to loss of market share.

Supply Chain Disruptions: Dependence on suppliers for certain components or materials, making it vulnerable to supply chain issues.

7. Management & Ownership

Fluidomat Ltd., like many Indian companies, is likely promoter-led. The promoter group typically holds a significant stake, exercising control over strategic direction and operations. Specific details on management quality, track record, or professional independence are not available. The ownership structure would consist of the promoter group, institutional investors (if any), and public shareholders.

8. Outlook

Fluidomat Ltd. operates in a sector poised to benefit from India's sustained industrial growth and infrastructure development push. The company's specialization in fluid power offers it a niche within the broader engineering segment, potentially allowing it to capitalize on increasing demand for automation and robust industrial solutions. The "Make in India" initiative and focus on domestic manufacturing could further support its market position.

However, the company faces inherent risks associated with the cyclical nature of capital goods demand and intense competition. Its ability to continuously innovate, maintain product quality, expand its customer base, and manage raw material costs will be crucial for sustained growth. The outlook would depend on the management's capability to navigate these challenges, leverage macro tailwinds, and strengthen its competitive advantages in a dynamic industrial landscape.

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Fluidomat Key Financials

Market Cap ₹345 Cr.

Stock P/E 15.5

P/B 3.9

Current Price ₹700

Book Value ₹ 177.2

Face Value 10

52W High ₹1418.9

Dividend Yield 1.07%

52W Low ₹ 550

Fluidomat Share Price

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Volume
Price

Fluidomat Quarterly Price

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Fluidomat 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 15 13 16 16 19 17 21 12 16 14
Other Income 1 1 2 1 1 1 1 1 2 1
Total Income 15 13 17 16 20 18 22 13 18 15
Total Expenditure 10 10 11 10 11 11 13 9 11 12
Operating Profit 5 4 6 6 8 7 9 4 7 3
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 4 6 6 8 7 9 4 6 3
Provision for Tax 1 1 1 1 2 2 2 1 2 1
Profit After Tax 4 3 4 4 6 5 6 3 5 2
Adjustments -0 0 0 0 -0 0 0 0 0 0
Profit After Adjustments 4 3 4 4 6 5 6 3 5 2
Adjusted Earnings Per Share 7.2 5.3 8.4 8.6 12.5 11 13 5.4 9.8 4.6

Fluidomat Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 28 28 26 24 27 25 28 34 46 55 72 63
Other Income 1 1 1 1 1 2 1 2 1 3 3 5
Total Income 29 29 27 25 28 27 30 36 47 59 76 68
Total Expenditure 20 22 22 21 24 22 24 28 34 41 45 45
Operating Profit 9 7 5 4 4 5 6 8 14 18 31 23
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 8 6 4 3 3 4 5 7 13 18 30 22
Provision for Tax 3 2 1 1 1 1 1 2 3 5 8 6
Profit After Tax 5 4 3 2 2 3 4 5 10 13 22 16
Adjustments 0 0 0 0 -0 -0 0 0 -0 0 0 0
Profit After Adjustments 5 4 3 2 2 3 4 6 10 13 22 16
Adjusted Earnings Per Share 10.8 8.1 5.6 4.7 4.9 6.5 8.1 11.1 19.5 26.5 45.1 32.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 31% 28% 24% 10%
Operating Profit CAGR 72% 57% 44% 13%
PAT CAGR 69% 64% 49% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -18% 42% 48% 14%
ROE Average 31% 25% 20% 16%
ROCE Average 42% 34% 27% 22%

Fluidomat Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 24 27 30 31 32 33 37 41 49 61 80
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1 1 1 1 1 1 1 1 1 1 1
Total Current Liabilities 6 6 5 6 6 7 7 9 10 9 11
Total Liabilities 32 34 36 38 40 41 45 51 60 71 93
Fixed Assets 8 8 8 7 7 7 7 8 7 8 12
Other Non-Current Assets 1 1 13 11 13 14 18 18 27 25 31
Total Current Assets 23 26 15 19 20 20 21 25 26 38 50
Total Assets 32 34 36 38 40 41 45 51 60 71 93

Fluidomat Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 10 10 0 0 0 0 0 0 2 2 1
Cash Flow from Operating Activities 3 -1 6 3 3 3 2 6 5 10 14
Cash Flow from Investing Activities -1 -0 -5 -1 -2 -2 -1 -3 -3 -9 -12
Cash Flow from Financing Activities -2 -2 -1 -1 -1 -2 -1 -2 -2 -2 -3
Net Cash Inflow / Outflow -0 -2 -0 0 -0 0 0 1 0 -1 -1
Closing Cash & Cash Equivalent 10 8 0 0 0 0 0 2 2 1 0

Fluidomat Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.81 8.06 5.58 4.72 4.85 6.5 8.08 11.14 19.53 26.49 45.11
CEPS(Rs) 12.27 9.54 6.97 6.14 6.27 7.84 9.39 12.5 21.03 28.02 47.01
DPS(Rs) 2.75 2.5 1.75 1.75 2 2.25 3.25 3.5 4.5 5.5 7.5
Book NAV/Share(Rs) 49.64 54.7 60.28 62.89 65.6 66.55 75.47 83.9 99.9 123.63 163.28
Core EBITDA Margin(%) 25.36 18.78 13.68 9.7 11.08 13 16.86 18.25 26.8 26.88 37.87
EBIT Margin(%) 26.53 19.82 14.76 11.07 12.66 17 19.37 21.92 27.95 31.74 41.37
Pre Tax Margin(%) 26.22 19.51 14.42 10.83 12.44 16.77 19.07 21.8 27.86 31.66 41.29
PAT Margin (%) 17.63 13.01 9.57 8.01 8.93 12.56 14.09 16.11 20.82 23.52 30.79
Cash Profit Margin (%) 20.02 15.41 11.97 10.42 11.53 15.15 16.36 18.07 22.42 24.88 32.09
ROA(%) 17.81 12.03 7.82 6.3 6.16 7.93 9.27 11.42 17.31 19.92 27.09
ROE(%) 23.44 15.45 9.7 7.67 7.55 9.84 11.39 13.98 21.25 23.7 31.44
ROCE(%) 35.07 23.46 14.85 10.52 10.71 13.14 15.47 19.02 28.52 31.99 42.25
Receivable days 88.07 119.19 132.77 120.62 140.49 131.83 110.77 105.18 96.23 89.21 90.84
Inventory Days 53.95 65.44 73.4 64.48 59.8 68.92 70.46 55.05 44.23 42.33 29.37
Payable days 81.71 78.15 74.58 85.87 78.35 105.15 112.88 120.93 96.51 71.49 58.93
PER(x) 23.8 20.51 29.59 36.22 23.19 9.78 10.77 15.83 10.76 17.69 17.64
Price/Book(x) 5.18 3.02 2.74 2.72 1.71 0.95 1.15 2.1 2.1 3.79 4.87
Dividend Yield(%) 1.07 1.51 1.06 1.02 1.78 3.54 3.73 1.99 2.14 1.17 0.94
EV/Net Sales(x) 4.21 2.66 3.19 3.55 2.05 1.24 1.49 2.49 2.19 4.14 5.42
EV/Core EBITDA(x) 13.38 10.9 16.53 21.43 13.45 6.33 6.88 10.89 7.41 12.5 12.71
Net Sales Growth(%) -1.55 0.03 -8.11 -7.44 13.34 -4.79 10.92 20.5 35.61 20.11 30.08
EBIT Growth(%) -6.87 -24.54 -29.93 -24.18 5.48 27.88 26.35 36.38 72.93 36.41 69.52
PAT Growth(%) -6.59 -25.44 -30.81 -15.31 2.73 33.98 24.38 37.79 75.28 35.67 70.26
EPS Growth(%) -6.59 -25.44 -30.81 -15.31 2.73 33.98 24.38 37.79 75.28 35.67 70.26
Debt/Equity(x) 0.01 0 0.01 0 0 0.03 0 0 0 0 0
Current Ratio(x) 3.76 4.12 2.93 3.29 3.18 2.77 3.03 2.85 2.73 4.23 4.53
Quick Ratio(x) 2.94 3.19 1.82 2.5 2.5 2.03 2.23 2.3 2.06 3.51 4.06
Interest Cover(x) 84.34 64.94 43.42 45.77 59.35 73.21 65.66 180.38 298.93 394.97 530.4
Total Debt/Mcap(x) 0 0 0.01 0 0 0.03 0 0 0 0 0

Fluidomat Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 53.46 53.46 53.46 53.46 53.43 53.46 53.45 53.45 53.45 53.45
FII 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58
DII 0 0 0 0 0 0 0 0 0 0.22
Public 45.96 45.97 45.97 45.97 45.99 45.96 45.97 45.97 45.97 45.75
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Fluidomat News

Fluidomat Pros & Cons

Pros

  • Company has delivered good profit growth of 48% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25%
  • Debtor days have improved from 71.49 to 58.93days.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.9 times its book value.
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