Electric Equipment · Founded 1994 · www.technocratplasma.com · BSE 544877 · · ISIN INE19QK01022
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Business
Technocrats Plasma Systems Ltd. is an Indian company operating in the Electric Equipment sector, specializing in plasma systems. Based on its name and industry, the company likely designs, manufactures, and supplies industrial equipment utilizing plasma technology. This can include plasma cutting machines, plasma welding systems, surface treatment equipment, or other specialized plasma-based solutions used across various manufacturing and industrial applications. The core business model involves selling these specialized equipment units, possibly accompanied by after-sales service, spare parts, and consumables, which generate revenue for the company.
Revenue Mix
Specific details regarding key business segments and their contribution to revenue are not publicly available. However, for a company in this industry, potential segments could include:
Product Sales: Revenue from the sale of plasma cutting, welding, or surface treatment machines.
After-Sales Services & Spares: Income from maintenance contracts, repairs, and the sale of replacement parts and consumables for installed systems.
Custom Solutions: Revenue from developing and supplying bespoke plasma systems tailored to specific industrial client needs.
Without specific financial reporting, the exact mix remains unknown, but product sales typically form the largest portion for equipment manufacturers.
Industry
The company operates within the broader Electric Equipment sector, specifically in the niche segment of plasma systems. This industry is characterized by its B2B nature, serving manufacturing, fabrication, automotive, aerospace, and other heavy industries that require precision material processing. The market for industrial plasma systems in India is influenced by manufacturing growth and infrastructure development. Technocrats Plasma Systems Ltd. likely positions itself as a specialized technology provider, potentially competing with both domestic and international players offering similar industrial equipment. Its positioning would depend on its product range, technological capabilities, pricing, and service network within the Indian market.
MOAT
Given the specialized nature of its products, potential competitive advantages (moats) for Technocrats Plasma Systems Ltd. could include:
Technological Expertise & R&D: Deep knowledge in plasma physics and engineering required to develop advanced systems. This could translate into superior product performance or specialized applications.
Customer Relationships & Service Network: Strong relationships with industrial clients built on reliability and a robust after-sales service network can create high switching costs.
Product Differentiation: Offering unique features, higher efficiency, or specific solutions that address particular industry challenges better than competitors.
Brand Reputation: A reputation for quality and reliability in a specialized industrial segment.
Without specific details, the strength and durability of these advantages remain to be assessed, but specialized technology and industrial relationships are common moats in this sector.
Growth Drivers
Key factors that can drive growth for Technocrats Plasma Systems Ltd. over the next 3-5 years include:
Manufacturing Sector Growth: Expansion of various manufacturing industries (automotive, heavy fabrication, construction, defense) in India will increase demand for industrial processing equipment.
Infrastructure Development: Large-scale infrastructure projects requiring advanced fabrication and construction techniques will boost demand.
Automation & Technology Upgrades: Industries seeking to improve efficiency, precision, and productivity often invest in modern plasma systems.
"Make in India" Initiative: Government focus on boosting domestic manufacturing and reducing reliance on imports can create a favorable environment for local equipment manufacturers.
Export Opportunities: Potential expansion into international markets, leveraging competitive pricing or specialized technology.
Risks
Economic Downturns: Industrial equipment demand is highly cyclical and sensitive to overall economic health and industrial CAPEX cycles.
Intense Competition: The market might include well-established domestic and international players with larger R&D budgets or broader product portfolios.
Technological Obsolescence: Rapid advancements in material processing technologies could render current systems less competitive.
Raw Material Price Volatility: Fluctuations in prices of key components or raw materials can impact production costs and profitability.
Customer Concentration: Reliance on a few large industrial clients could lead to significant revenue volatility if one client scales back orders.
Regulatory Changes: Changes in environmental or industrial safety regulations could necessitate costly product modifications.
Management & Ownership
Technocrats Plasma Systems Ltd. is an Indian company, and like many Indian firms, it is likely promoter-driven. In specialized technology companies, the quality and vision of the promoters and key management personnel are crucial for driving innovation, maintaining technological leadership, and forging strong industrial relationships. The ownership structure would typically involve the founding promoters holding a significant stake, alongside institutional and public shareholders if it is a publicly traded entity (indicated by the ticker TECHNOCRAT). Specific details on individual management members or precise ownership percentages are not available from the provided data.
Outlook
Technocrats Plasma Systems Ltd. operates in a specialized and technologically driven segment of the Electric Equipment industry in India. The company stands to benefit from India's ongoing industrialization, "Make in India" initiatives, and the general trend towards automation and efficiency in manufacturing. The demand for precise and efficient material processing solutions, which plasma technology offers, is expected to grow. However, the company faces inherent risks such as economic cyclicality, intense competition from global players, and the need for continuous technological innovation to stay relevant. Its success will largely depend on its ability to maintain technological leadership, expand its market reach, manage production costs effectively, and provide excellent after-sales support in a competitive and evolving industrial landscape.
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 27 | 10 | 4 | 4 | 7 | 2 | 4 | 4 | 6 | 49 | 131 | |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Income | 27 | 10 | 4 | 4 | 7 | 2 | 4 | 4 | 6 | 49 | 131 | |
| Total Expenditure | 26 | 11 | 4 | 5 | 7 | 3 | 3 | 4 | 5 | 41 | 105 | |
| Operating Profit | 1 | -1 | 0 | -1 | 0 | -0 | 1 | 1 | 2 | 9 | 26 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | -0 | -2 | -1 | -2 | -1 | -1 | 0 | 0 | 1 | 8 | 25 | |
| Provision for Tax | 0 | -0 | 0 | -0 | 0 | 0 | 0 | -1 | -1 | -0 | 10 | |
| Profit After Tax | -0 | -2 | -1 | -2 | -1 | -1 | 0 | 2 | 2 | 8 | 15 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | -0 | -2 | -1 | -2 | -1 | -1 | 0 | 2 | 2 | 8 | 15 | |
| Adjusted Earnings Per Share | -0.3 | -2.8 | -1.5 | -2.7 | -1.1 | -1.6 | 0.1 | 1.4 | 2 | 7.1 | 11.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 167% | 220% | 131% | 17% |
| Operating Profit CAGR | 189% | 196% | 0% | 39% |
| PAT CAGR | 88% | 96% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 56% | 77% | 58% | 2% |
| ROCE Average | 67% | 45% | 31% | 12% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 4 | 2 | 1 | -1 | -1 | -3 | 0 | 2 | 4 | 14 | 39 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 2 | 4 | 4 | 4 | 4 | 2 | 4 | 3 | 8 | 8 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -2 | -4 | 0 |
| Total Current Liabilities | 9 | 14 | 12 | 12 | 9 | 8 | 7 | 6 | 7 | 14 | 25 |
| Total Liabilities | 14 | 18 | 17 | 15 | 11 | 10 | 10 | 11 | 11 | 33 | 72 |
| Fixed Assets | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Current Assets | 11 | 15 | 15 | 13 | 9 | 8 | 8 | 9 | 9 | 31 | 69 |
| Total Assets | 14 | 18 | 17 | 15 | 11 | 10 | 10 | 11 | 11 | 33 | 72 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 0 | 0 | 0 | 1 | 1 | 0 | -0 | -1 | 1 | -5 | -12 |
| Cash Flow from Investing Activities | -1 | -0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 | -0 | -1 |
| Cash Flow from Financing Activities | 0 | -0 | -1 | -1 | -1 | -0 | 0 | 1 | -1 | 5 | 13 |
| Net Cash Inflow / Outflow | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.31 | -2.82 | -1.47 | -2.71 | -1.07 | -1.6 | 0.08 | 1.4 | 2.05 | 7.07 | 11.6 |
| CEPS(Rs) | -0.13 | -2.58 | -1.25 | -2.52 | -0.88 | -1.43 | 0.22 | 1.52 | 2.16 | 7.18 | 11.75 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 5.91 | 3.09 | 1.63 | -1.08 | -2.15 | -3.75 | 0.22 | 1.42 | 3.47 | 12.43 | 30.18 |
| Core EBITDA Margin(%) | 3.42 | -8.11 | -7.89 | -26.62 | 0.01 | -11.87 | 20.08 | 18.49 | 22.13 | 17.89 | 20.03 |
| EBIT Margin(%) | 3.13 | -9.26 | 0.26 | -28.23 | -1.2 | -14.44 | 15.55 | 16.21 | 24.93 | 17.81 | 19.95 |
| Pre Tax Margin(%) | -0.38 | -19.32 | -24.55 | -47.36 | -11.3 | -43.41 | 2.38 | 2.2 | 13.3 | 15.72 | 18.99 |
| PAT Margin (%) | -0.78 | -18.78 | -26.09 | -45.64 | -11.3 | -48.17 | 1.99 | 33.89 | 36.37 | 16.43 | 11.37 |
| Cash Profit Margin (%) | -0.33 | -17.19 | -22.19 | -42.52 | -9.31 | -43.03 | 5.68 | 36.72 | 38.37 | 16.68 | 11.53 |
| ROA(%) | -1.62 | -12.24 | -5.74 | -12.89 | -5.56 | -10.57 | 0.86 | 12.5 | 20.44 | 36.85 | 28.44 |
| ROE(%) | -5.05 | -62.66 | -62.16 | -134.44 | 0 | 0 | 0 | 59.6 | 83.76 | 90.21 | 56.24 |
| ROCE(%) | 8.42 | -9.64 | 0.11 | -16.58 | -1.36 | -6.73 | 13.11 | 9.14 | 16.3 | 50.41 | 67.1 |
| Receivable days | 49.93 | 216.29 | 823.17 | 587.14 | 309.26 | 537.08 | 238.18 | 389.31 | 201.81 | 67.33 | 49.91 |
| Inventory Days | 81.16 | 227.58 | 561.98 | 433.51 | 275.38 | 695.76 | 380.26 | 359.56 | 288.51 | 73.56 | 66.71 |
| Payable days | 24.39 | 178.91 | 1100.71 | 429.82 | 406.11 | 1219.4 | 457.72 | 136.94 | 202 | 51.03 | 37.29 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.27 | 0.78 | 2.12 | 1.87 | 1.15 | 3.48 | 1.53 | 1.81 | 1.31 | 0.24 | 0.21 |
| EV/Core EBITDA(x) | 7.4 | -9.91 | 50.08 | -7.47 | 159.45 | -37.36 | 7.33 | 9.49 | 4.85 | 1.31 | 1.03 |
| Net Sales Growth(%) | 14.61 | -62.28 | -62.03 | 0 | 59.44 | -64.92 | 83.07 | 0 | 36.05 | 714.16 | 166.04 |
| EBIT Growth(%) | 1.35 | -213.08 | 101.03 | 0 | 93.21 | -321.5 | 297.15 | 0 | 109.18 | 481.71 | 198 |
| PAT Growth(%) | -504.37 | -820.44 | 48.03 | 0 | 60.53 | -49.56 | 107.58 | 0 | 46.04 | 267.77 | 84.18 |
| EPS Growth(%) | -504.35 | -820.39 | 48.03 | -84.83 | 60.53 | -49.57 | 104.86 | 1702.96 | 46.05 | 245.31 | 63.93 |
| Debt/Equity(x) | 1.59 | 3.39 | 6.6 | -9.42 | -4.53 | -2.77 | 21.52 | 4.32 | 1.78 | 0.72 | 0.38 |
| Current Ratio(x) | 1.29 | 1.09 | 1.25 | 1.07 | 1.03 | 1 | 1.12 | 1.43 | 1.33 | 2.16 | 2.8 |
| Quick Ratio(x) | 0.52 | 0.65 | 0.77 | 0.63 | 0.52 | 0.44 | 0.49 | 0.68 | 0.59 | 1.13 | 1.46 |
| Interest Cover(x) | 0.89 | -0.92 | 0.01 | -1.48 | -0.12 | -0.5 | 1.18 | 1.16 | 2.14 | 8.51 | 20.83 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Jun 2026 | Aug 2026 |
|---|---|---|
| Promoter | 0 | 64 |
| FII | 0 | 2.53 |
| DII | 0 | 10.07 |
| Public | 0 | 23.39 |
| Others | 0 | 0 |
| Total | 0 | 100 |
| # | Jun 2026 | Aug 2026 |
|---|---|---|
| Promoter | 0 | 1.12 |
| FII | 0 | 0.04 |
| DII | 0 | 0.18 |
| Public | 0 | 0.41 |
| Others | 0 | 0 |
| Total | 0 | 1.75 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +167% | +220% | +131% | +17% |
| Operating Profit CAGR | +189% | +196% | — | +39% |
| PAT CAGR | +88% | +96% | — | — |
| Share Price CAGR | — | — | — | — |
| ROE Average | +56% | +77% | +58% | +2% |
| ROCE Average | +67% | +45% | +31% | +12% |
| # | Jun 2026 | Aug 2026 |
|---|---|---|
| Promoter | 0 | 64 |
| FII | 0 | 2.53 |
| DII | 0 | 10.07 |
| Public | 0 | 23.39 |
| Others | 0 | 0 |
| Total | 100 | 100 |
| # | Jun 2026 | Aug 2026 |
|---|---|---|
| Promoter | 0 | 1.12 |
| FII | 0 | 0.04 |
| DII | 0 | 0.18 |
| Public | 0 | 0.41 |
| Others | 0 | 0 |
| Total | 0 | 1.75 |
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