OBSC Perfection Ltd. (OBSCP)
SME CapAuto stocks · SME cap · NSE
OBSC Perfection Ltd. manufactures precision engineering components and assemblies for diverse sectors including Automotive, Defense, Marine, and Renewables. With 6 facilities in India, it exports to 17 countries, focusing on expanding global footprints and margin-accretive sectors. Capabilities include Machining, Forging, Stamping, and Investment Casting.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Good · 72/100Rev +85% YoY · PAT +88% YoY · +8% QoQ · margin compression
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹77.3 Cr | +84.7% | +8.1% |
| EBITDA | ₹13.9 Cr | +85.2% | +13.3% |
| Operating margin | 17.9% | +4 bps | +82 bps |
| PAT | ₹9.5 Cr | +88.3% | +9.3% |
| PAT margin | 12.3% | +23 bps | +14 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
OBSCP reported highest-ever FY26 Revenue of ₹223.5 Cr, up 53.9% YoY, with EBITDA up 56.2% YoY to ₹43.6 Cr and PAT up 61.2% YoY to ₹27.0 Cr. Q4 FY26 also saw strong YoY growth in Revenue (73.3%), EBITDA (92.4%), and PAT (70.1%), indicating robust performance.
The company delivered robust FY26 results, surpassing guidance with strong revenue and profit growth. Strategic capacity expansions and diversification into new sectors like Aerospace and Humanoid Robots are positive. However, working capital management needs monitoring due to increased debtor days and inventory build-up amidst global supply chain challenges.
Capacity Expansion
Undertaking capacity expansion through new facilities in Maharashtra & Gujarat, enabling consolidation of rented facilities and additional space for future growth.
New Capabilities
Acquired Cold Forging machinery assets in Faridabad and finalized stamping machinery assets for Q1 FY27, strengthening large & complex parts making.
Diversification into New Industries
Efforts on Aerospace continue with audit pending, expected certification in 3 months. Became vendor for Humanoid Robots and catered to first order in Medical Implant sector.
Growing Exports
Exports revenue increased to ₹42.95 Cr in FY26, now accounting for 56% of the total order book, with presence in 17 countries.
Land Acquisition for Mega Facility
Acquired 8.4 acres in Supa, Maharashtra, and ~1 acre in GIDC Sanand. ~2 acres are under acquisition for future expansions.
Forging Capacity
Acquired Cold Forging machinery assets in Faridabad, combining with Pune facility for a total of 12,000 tons p.a. hot & cold forging capacity.
Stamping Capability
Finalized stamping machinery assets to be purchased during Q1 FY27 and installed in the 5th Unit at Pune, adding significant capacity.
Increased Automotive Order Flow
Increased order flow for the Automotive segment owing to global supply chain uncertainty over the last year.
Favorable Credit Terms
Management negotiated favorable credit terms with suppliers to ensure working capital remains within a comfortable range.
Geo-political Headwinds
Multiple geo-political headwinds (Tariffs, West Asia conflict) led to minor impacts in business trade globally.
Supply Chain Disruptions
Supply chain ecosystem impacted by uncertainty around availability of shipping lines, transit time, and freight cost.
Geopolitical Conflicts
Geo-political headwinds (Tariffs, West Asia conflict) have caused minor impacts in global business trade.
Supply Chain Volatility
Uncertainty around shipping line availability, transit times, and freight costs continues to impact the supply chain ecosystem.
Working Capital Management
Cash Conversion Cycle increased by ~7 days due to higher debtor days from larger transit times for exports and marginally extended credit terms to domestic customers.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY comparison is crucial for assessing overall annual growth and the impact of strategic initiatives. QoQ comparison for Q4 FY26 vs Q3 FY26 highlights sequential momentum in revenue, EBITDA, and PAT, indicating strong operational execution.
Total Revenue Growth
FY26 Total Revenue reached ₹223.5 Cr, a 53.9% YoY increase from ₹145.2 Cr in FY25. Q4 FY26 Revenue was ₹72.5 Cr, up 73.3% YoY from ₹41.8 Cr in Q4 FY25.
Exports Revenue
Exports Revenue grew to ₹42.95 Cr in FY26 from ₹28.70 Cr in FY25. Exports now account for 56% of the total order book.
Defense Revenue Growth
Revenue from Defense grew over 2x to ₹12.37 Cr in FY26 from ₹5.55 Cr in FY25.
Order Book
Order Book stands at ₹1,200+ Cr with an average life of 5-6 years. 56% of the order book is from exports.
One-Stop Solution Provider Vision
Vision is to evolve into a comprehensive one-stop solution provider, offering integrated processes such as Machining, Investment Casting, Forging, Stamping, Surface Treatment, Welding & Fabrication.
Securing Non-Automotive Orders
Management expects to secure few large orders in non-automotive sectors in the near future, despite longer gestation periods.
Humanoid Robot Orders
Management is expecting to receive prestigious orders for Humanoids, having supplied the first smaller batch during H2 FY26.
Aerospace Tender Participation
Company plans tender participation in Aerospace post receipt of AS 9100D certification, expected in 3 months.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Aerospace Certification | Last leg of audit pending, expected in 3 months. | Timely receipt of AS 9100D certification to enable tender participation and new customer onboarding. |
| Forging Capacity Utilization | Currently ~30% for 12,000 tons p.a. capacity. | Ramp-up in utilization rates for the newly added hot and cold forging capabilities. |
| Stamping Capacity & Revenue | Machinery assets to be purchased in Q1 FY27, expected recurring revenue of ~₹2 Cr/month. | Timely installation of stamping capacity and realization of stated recurring revenue. |
| Cash Conversion Cycle | Increased by ~7 days to 101 days in FY26. | Stabilization or improvement in the Cash Conversion Cycle, especially with growing exports and inventory build-up. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
52NeutralSMA20 +31.7% / mo · MACD − · near 52W high · sector -3.3pp vs Nifty (3M)
Technical chart
OBSCPdaily · 1Y · AUTO+174.5%Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 60. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~24.1% over last month) — short-term momentum positive.
- RSI(14) at 60 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 9% off 52W high · 210% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 38 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 38 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Growth contributes 18/25 to the score.
- Balance sheet contributes 8/15 to the score.
- Quality contributes 10/20 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -68.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 27th percentile within Auto. Main check: cash conversion is weak at 28/100.
Healthy Trust Lite: Promoter holding is 69.8%. Key concern: Operating cash flow is negative at ₹-2 Cr.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Auto: 27th pctile, median 74 · SME: 51st pctile, median 64
7 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 69.8%.
- ▸Promoter pledge is zero.
- ▸Latest 3 quarters had positive YoY PAT growth.
- ▸OPM spread across recent quarters is 4.3%.
Trust risks
- ▸Operating cash flow is negative at ₹-2 Cr.
- ▸Promoter holding fell 3.7%.
- ▸Only 0 years of positive FCF.
- ▸ROCE trend is -5.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 68.60
- P/B
- 11.89
- EV/EBITDA
- 41.26
- Market Cap
- 2159.00Cr
Profitability
- ROE
- 19.60%
- ROCE
- 19.50%
- ROA
- 10.47%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- 25.00%
- Revenue 3Y
- 32.00%
- EPS 3Y
- 81.00%
Balance Sheet
- Debt/Equity
- 0.40
- Interest Coverage
- 7.67×
- Altman Z
- 8.27
- Book Value
- 70.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -2.00 Cr
- EPS TTM
- 12.46
Shareholding
- Promoter Hold
- 69.81%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 87%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Auto, ranked by similarity
Peers
Business-comparable names in Auto, ranked by similarity
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.