Gala Precision Engineering Ltd(GALAPREC)

NSE: GALAPRECBSE: 544244

₹ 1,007.45-4.94%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,291 crWebsite: www.galagroup.comUpdated: 24 Oct 2026

About

Gala Precision Engineering Ltd makes disc springs (DSS), special fastening solutions (SFS) and coil and spiral springs (CSS) for customers in renewable energy, industrials and mobility. Its product range has more than 750 SKUs, and it serves more than 175 customers, including major OEMs and Tier-1 suppliers. Revenue from operations was Rs 314.3 Cr in FY26. The company has plants at Wada (Maharashtra) and Chennai (Tamil Nadu), and exports made up 35.5% of FY26 revenue.^[1][2][3]

Business segments

Disc springs (DSS): 54% of revenue in Q1 FY27, up 31% year on year in Q1 FY27. Exports were 51% of DSS revenue as of Q3 FY26.^[4]
Special fasteners (SFS): 29% of revenue in Q1 FY27 (INR 223 Mn). The segment crossed INR 100 cr in FY26 with 64% year-on-year growth.^[4]
Coil and other springs (CSS): 17% of revenue in Q1 FY27 (INR 125 Mn).^[4]
Revenue by end-user in 9M FY26: Industrial 41%, Renewable 33%, Mobility 26%.^[5]

Products and portfolio

Products include high-tensile studs, anchor bolts, cross bolts, hex bolts, nuts, and Gallock wedge lock and grip lock washers, along with disc and strip springs and coil and spiral springs (FY25 annual report).^[2]
The product portfolio had more than 750 SKUs (FY25 annual report).^[2]
Adding bolts and nuts to studs widened the addressable global fastener market from about US$1 bn (studs only) to US$2.5 bn (Q4 FY26 call).^[1]
The company has in-house tool design and development capabilities (FY25 annual report).^[2]
Gallock wedge lock washers are sold into the industrial and tractor implement segments (Q3 FY26 call).^[5]

Manufacturing capacity and utilisation

The company runs three plants: a DSS plant and a CSS and SFS plant at Wada, Palghar, Maharashtra, and a high-tensile fastener and hex bolt plant at Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu (FY25 annual report).^[2]
Utilisation at Wada in FY26: DSS 85%, SFS 75%, CSS 70%.^[1]
Chennai Phase 1 has annual capacity of about INR 60 cr. Utilisation was 35% in FY26 and rose to 70-80% in Q1 FY27.^[1]
Chennai Phase 2 has started. It is expected to be partly available in Q3 FY27 and fully in Q4 FY27, taking Chennai's annual capacity to INR 110-120 cr.^[4]
A hot dip galvanising plant at Chennai was commissioned and put into production in Q1 FY27.^[4]
A 1.8 MW captive solar power plant (open access) costing INR 6.2 cr is expected to be commissioned in Q3 FY27, targeting a 15-20% cut in annual power costs.^[5]

Key operating numbers

Firm order book: INR 110 cr as of 1 July 2026, up from INR 80-85 cr at the same point a year earlier.^[4]
Order bookings grew about 40% year on year in Q1 FY27; management attributes this to market share gained from European competitors.^[4]
DSS order bookings in H1 FY26: INR 730 Mn, up 30% from INR 560 Mn in H1 FY25.^[6]
Export share of revenue: 33.7% in Q1 FY27 and 35.5% in FY26, compared with 38% in FY25.^[4][2]
Inventory days were 103 in FY26, and management cites working capital of about 180 days.^[4]
Kitting made up 15-17% of sales in Q1 FY27.^[4]

Customers and distribution

The company has more than 175 customers, including major OEMs, Tier-1 suppliers and channel partners in renewable energy, industrials and mobility (FY25 annual report).^[2]
Price agreements are in place with four leading global wind turbine OEMs for bolts made at Chennai (Q3 FY26 call).^[5]
The company entered offshore wind turbine fasteners in FY26, supplying critical fasteners to global OEMs in Europe.^[1]
The company exported to more than 25 countries in FY25 and has an office in Frankfurt, Germany.^[2]
Revenue by geography in H1 FY26: Europe about 18-19%, US about 10-12%, rest of world about 3%.^[6]
Specialty steel is sourced under long-term contracts with Tier-1 mills in India, Europe and Korea (FY25 annual report).^[2]

Expansion and capex

An MoU was signed for 10.15 acres next to the Wada facility; legal due diligence was expected to take 2-3 months from Q1 FY27.^[4]
A new Wada plant is planned at INR 40-45 cr capex: a factory shed of about 50,000 sq ft for fasteners and partly disc springs, with most of the spending in FY28.^[4]
Chennai Phase 2 capex is about INR 9-10 cr, targeting total annual capacity of INR 120 cr by the end of FY27.^[1]
Management puts combined peak fastener revenue potential at INR 200-220 cr: Wada INR 80-100 cr and Chennai INR 110-120 cr (Q3 FY26 call).^[5]

Recent developments

Q1 FY27: The company won its first bulk commercial order for fasteners and disc springs from a leading Indian electrolyser maker, its entry into the hydrogen value chain.^[4]
July 2026: A European automotive customer audited the facility and approved the company as a source for seat retractor springs; small-batch supply is to begin.^[4]
FY26: A five-year SAP HANA licence was signed for INR 3.48 cr in total fees, with go-live targeted for Q3 FY27.^[5]
FY26: KPMG was engaged for a working capital study, with its report expected by the end of Q2 FY27.^[4]
FY25: The China business moved to a distributor model, and winding-up proceedings were started for Gala China.^[2]

Market Cap

₹1,291 Cr

High / Low

₹1,259 / 648

Stock P/E

34.7

Price / Book

4.4

Book Value

₹229

EPS

₹27.7

No. of Shares

1.28 Cr

ROCE

15.6%

ROE

12.9%

OPM

14.8%

Debt / Equity

0.13

Sales

₹314 Cr

Net Profit

₹35 Cr

Promoter holding

54.3%

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