Omnitech Engineering Ltd(OMNI)

NSE: OMNIBSE: 544720

₹ 635.9-7.55%refreshed 23 Oct, 03:54 pm ISTMarket cap: ₹ 7,864 crWebsite: www.omnitecheng.comUpdated: 24 Oct 2026

About

Omnitech Engineering Ltd is an Indian precision machining and fabrication company supplying complex engineered components to the energy, motion control, and industrial equipment sectors. In FY26 it reported consolidated revenue of INR 511.3 crores, growing 49.1% year-on-year, with operations across three plants in Gujarat. Export revenues account for approximately 78% of sales, with North America as the largest geography.^[1][2][3]

Business segments

Energy segment contributed 49.4% of revenue in Q1 FY27, down from 52.7% in Q4 FY26 and 53% for full-year FY26.^[3][2]
Motion control and automation contributed approximately 25% of FY26 revenue; industrial equipment contributed approximately 16%.^[2]
A nascent 'others' category including defense and aerospace rose to 6.9% of revenue in Q1 FY27, with first FA-level defense revenues recognised in the quarter.^[3]

Manufacturing operations

Three plants operate across Gujarat - Metoda, Chhapara, and Padavala - with the Padavala site housing a fabrication line offering 7,200 MTPA capacity added in FY26.^[2]
Annualized installed machining capacity stood at 3,198,624 hours as of Q1 FY27, up 20.7% versus FY26.^[3]
Both Metoda and Chhapara plants hold AS9100:2016 aerospace certification; NADCAP certification covering Surface Treatment, NDT, and Welding is currently in progress.^[3]

Order book

Approximately INR 2,000 crores of the order book is tied to two multi-year orders with 4 - 5 year execution timelines; approximately INR 1,000 crores comprises shorter-cycle orders.^[3]
The Weatherford multi-year order exceeds US$100 million (approximately INR 1,030 crores) with execution running 3 - 5 years, ramping from INR 80 - 100 crores in year one to INR 250 - 300 crores at peak.^[4][2]

Key operating metrics

Export revenue share was approximately 78% in Q1 FY27.^[3]
Net working capital days improved to 233 days at end of Q1 FY27, down from 294 days at FY26 year-end, driven by inventory days falling to 182 from 225 and receivable days to 119 from 153.^[3]
Annualised ROCE was 17.8% and ROE was 16.8% in Q1 FY27, up from 13.7% and 11.7% respectively at FY26 year-end.^[3]
Net debt-to-equity stood at 0.41x at end of Q1 FY27, up from 0.34x at FY26 year-end, which itself was down sharply from 1.6x at FY25 year-end following the IPO.^[3][2]

Customers and geography

North America contributed 53% of FY26 revenue and 64% of the forward order book; India contributed 24% and Asia 19% of FY26 revenue.^[2]
Weatherford is the largest named anchor customer; a second large unnamed oilfield services company placed a multi-year order of approximately INR 1,000 crores.^[2][4]

Expansion and capex

Two new world-class facilities are under construction at Chhapara at a total capex of INR 250 crores (INR 100 crores buildings, INR 150 crores plant and machinery), targeting commercialisation in FY28.^[3]
On completion, total annualized machining capacity is expected to reach 42 - 43 lakh hours, up from approximately 32 lakh hours currently.^[3]
A 60,000 sq. metre plot was acquired at GIDC Sanand II, Ahmedabad for a future manufacturing facility to support growth beyond FY28 - 29; incremental capex not yet determined.^[4][2]
A new leased facility in Hyderabad targeting defense and aerospace customers was planned for commissioning in FY27.^[2]

Recent developments

The Chhapara expansion schedule slipped approximately 1 - 1.5 months due to monsoon conditions as of Q1 FY27; commercialisation is now expected in FY28.^[3]
The second large multi-year oilfield services order (approximately INR 1,000 crores) began contributing revenue in Q1 FY27, with approximately INR 50 crores recognised in the quarter.^[3]
NADCAP certification process (Surface Treatment, NDT, Welding) progressed to in-progress status by Q1 FY27; both plants were already AS9100:2016 approved for aerospace.^[3]
Four first-article development orders in defense and aerospace were received as of FY26 year-end, marking early commercial traction in those segments.^[2]

Market Cap

₹7,864 Cr

High / Low

₹769 / 176

Stock P/E

94.5

Price / Book

11.0

Book Value

₹55

EPS

₹6.4

No. of Shares

12.37 Cr

ROCE

13.4%

ROE

11.7%

OPM

27.5%

Debt / Equity

0.59

Sales

₹511 Cr

Net Profit

₹79 Cr

Promoter holding

74.2%

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