1. At a Glance
National Fittings dropped a Q1 FY26 profit of ₹2.62 Cr, a 555% YoY jump, boosted by strong operations and an exceptional ₹41.5 Cr asset sale. Sales held at ₹20.6 Cr with OPM 17.3%, margins rising like their ball valves. Stock at ₹164 trades at 18.6x P/E, still under radar.
2. Introduction
What happens when a small-cap foundry starts acting like a cash machine? You get National Fittings Q1 FY26: steady sales, improved margins, and a balance sheet bulked by one-time gains. Behind the numbers, the export engine to the Middle East & US is warming up.
3. Business Model (WTF Do They Even Do?)
They manufacture spheroidal graphite and stainless-steel pipe fittings, valves, and pumps. Their USP:
- Export-oriented ISO 9001 plant.
- Lost wax casting tech, integrated foundry.
- Customers in USA, Europe, South America, Australia.
They are basically the plumber to the global industrial giants.
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