SMT Engineering
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SMT Engineering's board approved, subject to shareholder and stock-exchange approval, a preferential issue of up to 142,858 warrants to four promoters at ₹280 each, potentially raising ₹4.000024 crore. Each warrant can be converted into one equity share within 18 months; 25% of the price is payable on application and the balance on conversion. The issue would require authorised share capital to rise from ₹18.10 crore to ₹19.10 crore and would add about 0.8% to the equity base on full conversion. The company completed a ₹34.87 crore preferential allotment at ₹225 a share in May 2026. It reported consolidated FY26 revenue of ₹162.24 crore and net profit of ₹23.08 crore.
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SMT Engineering's board approved, subject to shareholder and stock-exchange approval, a preferential issue of up to 142,858 warrants to four promoters at ₹280 each, potentially raising ₹4.000024 crore. Each warrant can be converted into one equity share within 18 months; 25% of the price is payable on application and the balance on conversion. The issue would require authorised share capital to rise from ₹18.10 crore to ₹19.10 crore and would add about 0.8% to the equity base on full conversion. The company completed a ₹34.87 crore preferential allotment at ₹225 a share in May 2026. It reported consolidated FY26 revenue of ₹162.24 crore and net profit of ₹23.08 crore.
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SMT Engineering scheduled a board meeting for 3 September 2026 to consider raising funds through equity shares, convertible warrants or other permissible securities by preferential issue, private placement or another permitted method, subject to shareholder and regulatory approvals. The board was also due to consider convening an annual general meeting to seek approval for the share-warrant issue. The company had allotted 15.5 lakh shares at ₹225 each in May, raising ₹34.87 crore. For FY26, it reported consolidated revenue of ₹162.24 crore and profit after tax of ₹23.08 crore, while borrowings stood at ₹67.1 crore at September 2025.
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SMT Engineering scheduled a board meeting for 3 September 2026 to consider raising funds through equity shares, convertible warrants or other permissible securities by preferential issue, private placement or another permitted method, subject to shareholder and regulatory approvals. The board was also due to consider convening an annual general meeting to seek approval for the share-warrant issue. The company had allotted 15.5 lakh shares at ₹225 each in May, raising ₹34.87 crore. For FY26, it reported consolidated revenue of ₹162.24 crore and profit after tax of ₹23.08 crore, while borrowings stood at ₹67.1 crore at September 2025.
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Aug 31 (Reuters) - SMT Engineering Ltd SMTN.BO:
BOARD TO CONSIDER FUND RAISING VIA SHARES, WARRANTS, OTHER SECURITIES
Source text:
Further company coverage: SMTN.BO
(([email protected];))
Aug 31 (Reuters) - SMT Engineering Ltd SMTN.BO:
BOARD TO CONSIDER FUND RAISING VIA SHARES, WARRANTS, OTHER SECURITIES
Source text:
Further company coverage: SMTN.BO
(([email protected];))
Sept 9 (Reuters) - SMT Engineering Ltd SMTN.BO:
SMT ENGINEERING - TO DISCUSS FUND RAISING PROPOSAL
Source text: ID:nBSE6r0hqL
Further company coverage: SMTN.BO
(([email protected];))
Sept 9 (Reuters) - SMT Engineering Ltd SMTN.BO:
SMT ENGINEERING - TO DISCUSS FUND RAISING PROPOSAL
Source text: ID:nBSE6r0hqL
Further company coverage: SMTN.BO
(([email protected];))
March 7 (Reuters) - Adarsh Mercantile Ltd ADAL.BO:
APPOINTS AJAY JAISWAL AS ADDITIONAL MANAGING DIRECTOR
APPOINTS ASHOK JAISWAL AS CHAIRPERSON
Source text: ID:nBSE7NMjrB
Further company coverage: ADAL.BO
(([email protected];;))
March 7 (Reuters) - Adarsh Mercantile Ltd ADAL.BO:
APPOINTS AJAY JAISWAL AS ADDITIONAL MANAGING DIRECTOR
APPOINTS ASHOK JAISWAL AS CHAIRPERSON
Source text: ID:nBSE7NMjrB
Further company coverage: ADAL.BO
(([email protected];;))
March 28 (Reuters) - Adarsh Mercantile Ltd ADAL.BO:
DECIDED TRANSFER OF DEBTORS/RECEIVABLES OF 52 MILLION RUPEES TO YOGYA PROJECTS
Source text for Eikon: ID:nBSE3vpDHx
Further company coverage: ADAL.BO
(([email protected];))
March 28 (Reuters) - Adarsh Mercantile Ltd ADAL.BO:
DECIDED TRANSFER OF DEBTORS/RECEIVABLES OF 52 MILLION RUPEES TO YOGYA PROJECTS
Source text for Eikon: ID:nBSE3vpDHx
Further company coverage: ADAL.BO
(([email protected];))
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Popular questions
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What does SMT Engineering do?
Adarsh Mercantile Limited is engaged in trading of fabrics in India. It also invests in properties and securities. The company was founded in 1984 and is based in Kolkata, India.
Who are the competitors of SMT Engineering?
SMT Engineering major competitors are Aerpace Industries, Sreeleathers, Uniphos Enterprises, Shiv Aum Steels, Foce India, Arvaya Healthcare, Black Rose Inds.. Market Cap of SMT Engineering is ₹630 Crs. While the median market cap of its peers are ₹612 Crs.
Is SMT Engineering financially stable compared to its competitors?
SMT Engineering seems to be less financially stable compared to its competitors. Altman Z score of SMT Engineering is 4.19 and is ranked 6 out of its 8 competitors.
Does SMT Engineering pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. SMT Engineering latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has SMT Engineering allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is SMT Engineering balance sheet?
Balance sheet of SMT Engineering is strong. But short term working capital might become an issue for this company.
Is the profitablity of SMT Engineering improving?
Yes, profit is increasing. The profit of SMT Engineering is ₹13.62 Crs for TTM, ₹2.47 Crs for Mar 2025 and -₹1.68 Crs for Mar 2024.
Is the debt of SMT Engineering increasing or decreasing?
Yes, The net debt of SMT Engineering is increasing. Latest net debt of SMT Engineering is ₹69.83 Crs as of Mar-26. This is greater than Mar-25 when it was ₹0.68 Crs.
Is SMT Engineering stock expensive?
SMT Engineering is not expensive. Latest PE of SMT Engineering is 25.68, while 3 year average PE is 31.54. Also latest EV/EBITDA of SMT Engineering is 16.17 while 3yr average is 23.14.
Has the share price of SMT Engineering grown faster than its competition?
SMT Engineering has given better returns compared to its competitors. SMT Engineering has grown at ~996.46% over the last 4yrs while peers have grown at a median rate of 34.1%
Is the promoter bullish about SMT Engineering?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in SMT Engineering is 67.44% and last quarter promoter holding is 67.44%.
Are mutual funds buying/selling SMT Engineering?
There is Insufficient data to gauge this.