Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Taurian MPS Ltd. (TAURIAN)
SME CapIndustrials stocks · SME cap · NSE
Taurian MPS Ltd. is an engineering and manufacturing company providing end-to-end solutions in crushing, screening, and washing for the minerals and aggregate sector. It serves customers across India and several international markets, supported by an advanced manufacturing facility in Uttarakhand and an engineering-led team.
Data qualityFresh enough for analysisQuote updated 21 Oct, 01:42 pm ISTDetails
Quote21 Oct, 01:42 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result01 Jun, 07:59 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
65Bullishfull bull SMA stack · SMA20 +24.2% / mo · MACD − · near 52W high
Stock trend: 78
Sector RS: 45
Sector 3M: -7.7% vs Nifty 500 -6.1%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
TAURIAND candles · FIT view+115.4%TODAY · PROVISIONALLatest price ₹583.30 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-9.4%
RSI
51
MACD hist
-8.02
52W pos
82%
2026-10-21O ₹643.50H ₹643.50L ₹583.30C ₹583.30Vol 26,400 shIntraday candle
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
TAURIANNifty India ManufacturingNifty 500
- TAURIAN
- +57.6%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +63.2 pp
Chart stats
19 Oct 2026- From 52W high
- -7.9%
- 52W range position
- 89%
- ATR (14)
- 4.9%
- Volume vs 20D
- 0.43x
- Avg traded value
- ₹1.3 Cr
- 20D price channel
- ₹521.1 - ₹667
₹667
₹192 - ₹667
₹29.8
Latest completed session
20-session average
48.9% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend supports entry, 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 · FAIR VALUE56
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Bullish65
Price trend and sector-relative-strength timing.
Valuation
Legacy model+18.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
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 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹67 Cr | NDF | +109.4% |
| EBITDA | ₹18 Cr | NDF | +157.1% |
| Operating margin | 27.0% | NDF | +600 bps |
| PAT | ₹13 Cr | NDF | +225.0% |
| PAT margin | 19.4% | NDF | +690 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 33.90
- P/B
- 6.31
- EV/EBITDA
- 21.26
- Market Cap
- 549.00Cr
Profitability
- ROE
- 26.70%
- ROCE
- 29.70%
- ROA
- 11.94%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 25.00%
- EPS 5Y
- 25.00%
- Revenue 3Y
- 50.00%
- EPS 3Y
- 62.50%
Balance Sheet
- Debt/Equity
- 0.29
- Interest Coverage
- 12.50×
- Altman Z
- 8.41
- Book Value
- 97.90
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- -37.00 Cr
- EPS TTM
- 18.25
Shareholding
- Promoter Hold
- 63.80%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 99%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 67.0+109.4% vs prev
Net Profit
₹ CrLatest: 13.0+225.0% 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
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 51. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~19.1% over last month) — short-term momentum positive.
- RSI(14) at 51 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 13% off 52W high · 204% 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
96
RS percentile
Stage 2 UptrendEstablished S2
1M return
+18.7%
3M return
+57.6%
6M return
+114.6%
1Y return
+97.6%
RS 1D
0
RS 20D
+1
Sector rank
#2
Industry rank
#19
Stage evidence
- Price is 66.3% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +16.5%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
06 Jul 2026
S2 age
74 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 199.98+0.55%
RS vs Nifty 500200
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · FAIR VALUEValuation4/30
Growth22/25
Quality17/20
Balance Sheet10/15
Cash Flow1/10
Piotroski
6/9 (+3)
Penalties
-1
Raw sum
56
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
56/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 18.7%.
- Growth contributes 22/25 to the score.
- Quality contributes 17/20 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Valuation is weaker at 4/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
33.9
PB
6.3
EV/EBITDA
21.3
ROE
26.7%
ROCE
29.7%
FCF Yield
—
Debt/Equity
0.3
MoS
+18.7%
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
56
Previous: 56
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+18.7%
Previous: +14.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
56
56
56
56
56
56
56
56
56
56
56
56
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
₹200.5
-190.9% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹717.22
+18.7% MoS
PEG
0.85
Comparable companies
Peers
Business-comparable peers in Industrials — 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
ANUP
Micro
The Anup Engineering Limited
Industrial Machinery
match 66
50
35.3
17.1%
+10%
FAIR VALUE
ISGEC
Small
Isgec Heavy Engineering Limited
Industrial Machinery
match 64
27
25.3
4.2%
-982%
OVERVALUED
GMMPFAUDLR
Micro
GMM Pfaudler Limited
Industrial Machinery
match 63
21
47.2
6.7%
-1364%
OVERVALUED
COCKERILL
Small
John Cockerill India Limited
Industrial Machinery
match 63
18
183.0
8.9%
-6211%
OVERVALUED
MEGATHERM
SME
Megatherm Induction Ltd.
Industrial Machinery
match 61
59
20.2
15.8%
+47%
FAIR VALUE
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 under stressReviewed 2026-10-02T07:20:02.992Z
Management commentary snapshot
H1 FY26 total income grew 6.89% YoY to INR32.29 crores, with EBITDA up 9.47% to INR6.77 crores and net profit at INR3.67 crores. Management revised FY26 revenue guidance significantly downwards to INR100-110 crores from an earlier INR140-150 crores.
Management's substantial downward revision of FY26 revenue guidance, coupled with investor complaints about prior aggressive targets, indicates a stressed thesis. While H2 is projected to be strong, the company needs to demonstrate consistent execution and conservative forecasting to regain confidence.
Growth engines
New Market Penetration (Domestic)
Entered Northeast and South markets, with first orders dispatched in the South (Hyderabad).
Export Market Expansion
Orders in hand for INR14-15 crores for exports (South American market) to be executed by January, up from INR2.5 crores last year.
Product Innovation
Focus on developing energy-efficient crushers and new washing systems (CycloWash range, new screen with thickener).
Strategic Hiring
Sales head from competitor Propel (Mr. Anand) joined, instrumental in increasing sales traction in the South market.
Capacity and execution
Factory Expansion
Expanded factory from 70,000 to 110,000 sq ft; civil infrastructure complete, working in new space.
Machinery Additions
Machineries ordered, some already arrived, more in Q1 FY27; full effect from Q1 FY27, reducing outside job charges.
QC Centre Implementation
A QC centre, which was not there, will be implemented.
UT Cranes Installation
UT cranes being installed, some already installed; expected completion by December end, currently hindering order execution.
Tailwinds
Healthy Enquiry Pipeline
The enquiry pipeline is healthy.
Improving Export Markets
Export markets are showing gradual improvement.
Raw Material Cost Reduction
Cost of goods purchased has gone down by about 3% to 4% due to good vendor response and discounts post-IPO funds.
Government Focus on Rare Earths
Government of India is highly focusing on rare earth metal extraction, where Taurian's tailored solutions and engineering expertise fit nicely.
Headwinds
Export Duties (US)
Export duties slapped by the U.S. government led to delayed/postponed/cancelled orders from the U.S. market.
Seasonal Demand
H1 is traditionally slow due to the rainy season, impacting equipment deliveries; exceptional rain continued until October this year.
IPO Fund Impact Delay
H1 had no material impact of IPO funds on margins; actual effect expected in H2.
Risk radar
Execution Risk for H2 Targets
H2 guidance is very steep; investor community will observe closely how targets are met.
Order Book Visibility
Order books are typically 2-3 months long, making long-term revenue visibility challenging.
Competition
Established MNCs (Terex, Aztec) and Indian players (Propel, Plana) hold considerable market share.
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
H1 results are compared YoY, but the business is highly seasonal with H2 traditionally stronger. QoQ momentum will be crucial to meet revised H2 targets, especially with significant order execution planned for December.
Sector KPIs management disclosed
Total Income H1 FY26
INR32.29 crores, up 6.89% YoY.
EBITDA H1 FY26
INR6.77 crores, up 9.47% YoY.
Net Profit H1 FY26
INR3.67 crores.
Order Book
INR35 crores, with INR25 crores for December execution (INR10 crores exports, INR15 crores from Excon) and INR10 crores for January.
Management forward view
Focus on Execution & Penetration
Management wants to focus more on execution and penetration of existing products into the market, rather than new R&D for a while.
Conservative Guidance
Management aims to be conservative with guidance (INR100-110 crores for FY26) to avoid underperformance and rebuild investor confidence.
Improved Investor Communication
Appointed IRPR (Investor Relations Public Relations) two weeks ago to improve communication and provide timely updates to investors.
Strategic Partnerships
Working with larger players like L&T, JSW, Tata Steel, Jindal Stainless to increase order booking through reliability and trust.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| FY26 Revenue | INR32.29 crores (H1 FY26) | Achievement of revised INR100-110 crores target for full FY26, especially strong H2 execution. |
| FY26 Net Profit Margin | 11% (H1 FY26, implied from EBITDA/Revenue) | Improvement to 15-16% for full FY26, driven by raw material cost reduction and export blend. |
| Order Book & Execution | INR35 crores (current order book) | Timely execution of INR25 crores in December and INR10 crores in January, and fresh order inflows post-Excon. |
| Capacity Utilization | Not explicitly stated, but factory capacity supports INR250 crores revenue. | Ramp-up in utilization post-machinery and crane installations, aiming for INR18-20 crores/month at 90% utilization. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
69Limited 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 59th percentile of the scored universe and 56th percentile within Industrials. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 1 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · Industrials: 56th pctile, median 68 · SME: 77th pctile, median 64
Evidence depth
Financial-only
1 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
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
80
strong · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 63.8%.
- ▸Promoter pledge is zero.
- ▸ROCE is 29.7%.
Trust risks
- ▸Operating cash flow is negative at ₹-37 Cr.
- ▸ROCE trend is -3.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Taurian MPS Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptNov 2025
Nov 2025 · Transcript
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.