Credit ratingJul 2026
Jul 2026 · Credit Rating 3 July 2026 - CRISIL assigned BBB+/Stable rating to ₹100 crore bank facilities on 3 July 2026.
Source: Nse
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.
₹768.8
-14.35 · -1.83%
Market cap ₹2,024 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result16 Aug, 01:27 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
44NeutralSMA20 -2.1% / mo · MACD − · sector -2.2pp vs Nifty 500 (3M)
Stock trend: 44
Sector RS: 44
Sector 3M: -7.8% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
OBSCPD candles · FIT view+91.0%Latest close ₹768.80 on 2026-10-21
Bar
-1.8%
RSI
34
MACD hist
-15.66
52W pos
66%
2026-10-21O ₹783.15H ₹800.05L ₹760.05C ₹768.80Vol 30,800 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
OBSCPNifty AutoNifty 500
- OBSCP
- +26.3%
- Nifty 500
- -6.5%
- Nifty Auto
- -7.8%
- Vs Nifty 500
- +32.8 pp
Chart stats
21 Oct 2026- From 52W high
- -25.4%
- 52W range position
- 66%
- ATR (14)
- 5.4%
- Volume vs 20D
- 0.75x
- Avg traded value
- ₹3.5 Cr
- 20D price channel
- ₹750 - ₹972
₹1,030
₹270 - ₹1,030
₹41.7
Latest completed session
20-session average
37.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST39
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good72
Revenue +84.7% · PAT +88.3% YoY
Technical
Neutral44
Price trend and sector-relative-strength timing.
Valuation
Legacy model-60.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence64
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 72/100Rev +85% YoY · PAT +88% YoY · +8% QoQ · margin compression
Filed 30 Jun 2026
Open results browser →| 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.
Fundamentals
Valuation
- P/E
- 64.30
- P/B
- 11.15
- EV/EBITDA
- 38.76
- Market Cap
- 2024.00Cr
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
- 66.24%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 68%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 77.3+8.1% vs prev
Net Profit
₹ CrLatest: 9.5+9.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 34.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~2.1% over last month) — short-term momentum negative.
- RSI(14) at 34 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 25% off 52W high · 185% 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.
Nifty 500 leadership
Relative Strength & Trend Stage
97
RS percentile
Stage 2 UptrendEstablished S2
1M return
-14.1%
3M return
+26.3%
6M return
+104.0%
1Y return
+148.8%
RS 1D
0
RS 20D
-1
Sector rank
#5
Industry rank
#30
Stage evidence
- Price is 28.4% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +14.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
04 May 2026
S2 age
120 trading sessions
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 280.74-0.92%
RS vs Nifty 500281
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 39 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth18/25
Quality10/20
Balance Sheet8/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
39
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
39/100 · legacy band WATCHLIST
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
- Fair-value margin of safety is negative at -60.0%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
64.3
PB
11.2
EV/EBITDA
38.8
ROE
19.6%
ROCE
19.5%
FCF Yield
—
Debt/Equity
0.4
MoS
-60.0%
Score movement
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.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
39
Previous: 39
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-60.0%
Previous: -63.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
39
39
39
39
39
39
39
39
39
39
39
39
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹140.29
-448.0% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹480.33
-60.0% MoS
PEG
1.61
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MANDEEP
SME
Mandeep Auto Industries Ltd.
Auto Components
match 158
34
15.9
3.3%
-825%
WATCHLIST
SANSERA
Micro
Sansera Engineering Limited
Auto Components
match 144
35
69.0
11.8%
-92%
WATCHLIST
LANDMARK
Small
Landmark Cars Limited
Auto Components
match 133
32
41.5
6.9%
-13%
WATCHLIST
KROSS
Small
Kross Limited
Auto Components
match 132
48
25.3
12.0%
+28%
FAIR VALUE
GOODYEAR
Small
Goodyear India Limited
Auto Components
match 131
34
26.1
12.6%
-712%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-08-20T17:41:15.979Z
Management commentary snapshot
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.
Growth engines
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.
Capacity and execution
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.
Tailwinds
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.
Headwinds
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.
Risk radar
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
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
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.
Sector KPIs management disclosed
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.
Management forward view
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.
Thesis monitor
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.
Trust Score
64Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: 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.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
42nd percentile
overall median 67 · Auto: 27th pctile, median 74 · SME: 51st pctile, median 64
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read 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.
Promoter
78
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
66
acceptable · capital discipline
Results
71
acceptable · quarterly consistency
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.
Continue researching OBSC Perfection Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationMay 2026
May 2026 · PPT
Source: Company Ir
Concall transcriptMay 2026
May 2026 · Transcript
Source: Nse
Investor presentationMay 2026
May 2026 · Investor Presentation 20 May 2026 - Submitted May 2026 investor presentation; FY26 revenue ₹223.5 crore, PAT ₹27 crore, capacity expansion plans.
Source: Nse
Annual report
Annual Report 2026
Source: Nse
Annual reportMar 2026
Sep 2026 · Shareholders meeting 7 Sep - 10th AGM on 29 September 2026; annual report issued and 22 September cut-off fixed.
Source: Nse
Annual reportMar 2026
Sep 2026 · General Updates 7 Sep - 10th AGM on September 29, 2026; e-voting September 26-28, annual report shared.
Source: Nse
Annual reportMar 2026
Sep 2026 · Copy of Newspaper Publication 8 Sep - Newspaper ads published for 10th AGM on 29 Sep 2026 and FY26 annual report, with e-voting details.
Source: Nse
Investor presentationNov 2025
Nov 2025 · PPT
Source: Nse
Investor presentationAug 2025
Aug 2025 · PPT
Source: Nse
Concall transcriptMay 2025
May 2025 · Transcript
Source: Nse
Investor presentationMay 2025
May 2025 · PPT
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.