MSAFE
Msafe Equipments Ltd
NSE BSELast Traded Price
₹270.45
-7.55 (-2.72%)
Open
₹275.00
High
₹275.05
Low
₹270.05
Prev Close
₹278.00
Industry
Metals & Mining
Market Cap
551.72 Cr
Filing History
Recent corporate announcements and filings for 544695
Business Update
Positive
2026-11-06 21:24
- Msafe Equipments Ltd performed a Dhanteras puja at its upcoming integrated manufacturing facility in Mathura, Uttar Pradesh.
- Civil construction is underway and operations are expected to commence by May 2027.
- The facility supports capacity expansion for aluminium and MS scaffolding, rental business growth, and new product introductions as outlined in the IPO.
Business Update
Positive
2026-11-04 17:42
Management Guidance & Outlook
- Management maintains guidance of 50% to 70% annual revenue growth and 40% to 50% profit growth over the next 2 years.
- Company aims to sustain PAT margins above 20% and maintain positive operating cash flows.
Capacity Expansion & Capex
- MS scaffolding capacity expanded to 9,000 tonnes per annum with a revised target of 15,000 tonnes per annum.
- Aluminium scaffolding and ladders capacity expanding from 1,500 to 2,500 tonnes.
- Integrated manufacturing facility at Mathura scheduled to be operational in May 2027.
- Additional debt requirement of ₹20-25 Cr expected for capex and working capital, taking peak debt to ₹65-70 Cr.
Growth Drivers & Business Mix
- Commercial launch of aluminium formwork targeted for December 2026, projected to contribute at least 15% of revenue from FY28.
- Warehouse footprint expanded to 24 pan-India locations; rental yields remain healthy at 32%-38% for MS scaffolding and 60%-66% for aluminium scaffolding.
Governance
Negative
2026-11-03 15:54
CRITICAL RED FLAG DETECTED
- Mr. Sombir Bisla resigned as Chief Financial Officer (CFO).
- Updated the list of Key Managerial Personnel (KMPs) authorized to determine materiality of events and make disclosures under Regulation 30(5).
- Authorized KMPs include Pradeep Aggarwal (CMD), Ajay Kumar Kanoi (WTD), Rushil Agarwal (WTD), and Renuka Uniyal (CS & Compliance Officer).
Business Update
Neutral
2026-11-02 18:24
- Audio recording of Earnings Call for Q2 & H1 FY27 results made available.
- Call conducted on November 02, 2026 at 11:00 AM IST.
- Recording link accessible on company's website.
Governance
Negative
2026-11-02 18:03
CRITICAL RED FLAG DETECTED
- Mr. Sombir has resigned from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Msafe Equipments Ltd.
- The resignation is effective from the close of business hours on November 02, 2026.
- Reason for resignation: To pursue better career opportunities outside the Company.
- The company is in the process of appointing a suitable candidate for the CFO position.
Business Update
Neutral
2026-11-02 10:49
- Released Investor Presentation for Q2 and H1 FY27 results.
- Reported 38.65% operating margin in Q2 FY27 with rental segment contributing 52% of revenue.
- Current capacity utilization at 80-90% with nearly 2x capacity expansion underway.
- Expanding rental business with a ₹6 crore capex.
Business Update
Positive
2026-10-30 15:08
- Q2 FY27 Revenue grew 53.59% YoY to ₹40.38 Cr; PAT increased 55.42% YoY to ₹8.49 Cr with an EBITDA margin of 38.65%.
- Rental business contribution reached 52% of total revenue.
- MS Scaffolding capacity expanding from 9,000 to 15,000 tonnes; integrated manufacturing facility expected by May 2027.
- Management targets ~50% revenue growth in FY27.
Financials
Positive
2026-10-30 12:39
Q2 FY27 Standalone Revenue ₹40.38Cr vs ₹26.29Cr (▲54% YoY)
EBITDA ₹15.61Cr vs ₹10.43Cr (▲50% YoY)
PAT ₹8.49Cr vs ₹5.46Cr (▲55% YoY)
EBITDA Margin 38.65% vs 39.67% (▼102bps)
Financials
Neutral
2026-10-30 12:37
Q2 FY27 Standalone Revenue ₹40.38 Cr vs ₹26.29 Cr (▲53.6% YoY)
EBITDA ₹15.61 Cr vs ₹10.43 Cr (▲49.6% YoY)
PAT ₹8.49 Cr vs ₹5.46 Cr (▲55.4% YoY)
EBITDA Margin 38.65% vs 39.67% (▼102bps)
Business Update
Neutral
2026-10-27 14:34
Concall Schedule
Concall Date: November 02, 2026
Concall Time: 11:00 A.M. (IST)
Governance
Neutral
2026-10-23 13:26
- Board Meeting scheduled on October 30, 2026.
- To consider and approve unaudited financial results for the quarter and half-year ended September 30, 2026.
- Trading window remains closed until 48 hours post declaration of results.
Routine
Neutral
2026-09-23 13:01
- Trading window for Designated Persons to remain closed from October 1, 2026.
- Will reopen 48 hours after financial results declaration for the Quarter and Half Year ended September 30, 2026.
- This closure is as per SEBI (Prohibition of Insider Trading) Regulations, 2015.
Business Update
Neutral
2026-09-23 12:52
- Msafe Equipments Limited participated in the Bharat Connect Conference: Rising Stars - September 2026.
- The virtual group meeting with analysts/investors took place on September 30, 2026, from 02:00-03:00 PM IST.
- No unpublished price sensitive information was shared.
Governance
Neutral
2026-09-22 16:54
- Msafe Equipments Limited announced the designation of Mr. Malvinder Singh Bhatia as Senior Management Personnel (SMP).
- Mr. Bhatia was already serving as Business Head – Formwork Division.
- The designation is effective from September 22, 2026.
Governance
Neutral
2026-09-11 17:20
- The 07th Annual General Meeting (AGM) was held on September 10, 2026, via Video Conferencing.
- All 8 resolutions presented at the AGM, including adoption of FY26 financial statements, re-appointment of a director, ratification of cost auditor remuneration, increasing the overall remuneration limit for Directors, and revision of remuneration for specific Directors, were passed with the requisite majority.
Governance
Neutral
2026-09-10 18:04
- The 07th Annual General Meeting (AGM) of Msafe Equipments Limited was held on September 10, 2026, at 11:30 A.M. via Video Conferencing.
- Key resolutions included adopting audited financial statements for FY ended March 31, 2026, re-appointing Mr. Ajay Kumar Kanoi as Director, ratifying Cost Auditors' remuneration, and approving revisions in remuneration for various directors.
- The voting results will be submitted separately.
Business Update
Neutral
2026-08-27 16:12
- Concall Schedule
- Concall Date: 02.09.2026
- Concall Time: 03:00 PM IST
Business Update
Neutral
2026-08-26 11:39
- Analyst/Investor Meeting Intimation
- Meeting Date: 06.09.2026
- Meeting Time: 09:00 AM IST Onwards
- Meeting Type: Group Physical Meeting with Alpha Ideas SME Star-2026.
Governance
Neutral
2026-08-18 19:11
- The 07th Annual General Meeting (AGM) will be held on Thursday, September 10, 2026, at 11:30 A.M. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
- The Annual Report for Financial Year 2025-26 is available for members.
- Remote e-voting facility will be available from September 07, 2025, to September 09, 2025, with a cut-off date of September 03, 2025.
Business Update
Positive
2026-08-13 16:18
- Q1 FY27 Consolidated Revenue ₹31.79 Cr vs ₹22.72 Cr (▲40% YoY)
- PBT ₹9.73 Cr vs ₹6.65 Cr (▲46% YoY)
- PAT ₹7.27 Cr vs ₹5.04 Cr (▲44.31% YoY)
- Maintained an operating margin of 40%. MS rental business grew 7x YoY, aluminum rental grew 24% YoY, with rental now contributing 46% of revenue.
- New integrated manufacturing facility is targeting operations by May 2027, adding 90 lakh kg/annum to scaffolding capacity.
- Aluminum formwork capacity (500 tons/annum) is targeted to commence by December 2026, with a slight delay due to machine delivery.
- FY27 revenue guidance: Committed to ₹150 Cr minimum, targeting ₹175 Cr.
- Formwork is expected to contribute ₹30-40 Cr in FY27 and approx. 25% of total sales in FY28.
- Q1 FY27 Capex for scaffolding was ₹7.88 Cr, with an additional ₹3-4 Cr expected in the next quarter for scaffolding assets.
- Management emphasized focus on sustained revenue growth, operational efficiency, and profitability.
Business Update
Neutral
2026-08-12 11:41
- Msafe Equipments Limited submitted the audio recording of the earnings call for Q1 FY27 results.
- The call for the quarter ended 30th June 2026 was held on August 11, 2026, at 04:00 PM (IST).
Business Update
Positive
2026-08-11 16:10
- Q1 FY27 Investor Presentation highlights strong performance.
- Operating Margin for Q1 FY27 stood at 39.71%.
- Rental segment contributed 46% to Q1 FY27 revenue.
- Nearly 2x capacity expansion is underway, with 80%+ existing capacity utilization.
- Planning ₹6 crore capex for specialized rental equipment expansion.
Financials
Positive
2026-08-10 16:25
- Q1 FY27 Consolidated Revenue ₹31.79Cr vs ₹22.72Cr (▲39.91% YoY)
- Operating Profit ₹12.62Cr vs ₹8.78Cr (▲43.70% YoY)
- PAT ₹7.27Cr vs ₹5.04Cr (▲44.31% YoY)
- Operating Margin 39.71% vs 38.66% (▲105bps)
- Expanded steel scaffolding capacity from 33 Lakhs Kg to 63 Lakhs Kg, ahead of schedule.
- Commenced civil construction for new integrated manufacturing facility, with operations expected by May 2027.
- Aluminium formwork vertical progressing towards commercialization by December 2026.
- Company targets approximately 50% revenue growth in FY27.
- Concall scheduled for 11th August 2026 at 4:00 PM IST.
Financials
Positive
2026-08-10 13:27
- Q1 FY27 Standalone Operating Revenue ₹3,178.68 Lakhs vs ₹2,272.00 Lakhs (▲39.9% YoY)
- EBITDA ₹1,262.21 Lakhs vs ₹878.35 Lakhs (▲43.7% YoY)
- PAT ₹727.24 Lakhs vs ₹503.94 Lakhs (▲44.3% YoY)
- EBITDA Margin 39.70% vs 38.66% (▲104bps)
- Board approved the appointment of M/s. Chittora & Co. as Cost Auditors for FY 2026-27.
- Board approved the appointment of M/s. R.A. Kila & Associates as Internal Auditors for FY 2026-27.
- Board approved the appointment of M/s Ajai Kumar & Associates as Secretarial Auditors for FY 2026-27.
Financials
Positive
2026-08-10 13:17
- Q1 FY27 Standalone Revenue ₹31.79 Cr vs ₹22.72 Cr (▲40.1% YoY)
- EBITDA ₹12.62 Cr vs ₹8.78 Cr (▲43.7% YoY)
- PAT ₹7.27 Cr vs ₹5.04 Cr (▲44.3% YoY)
- EBITDA Margin 39.71% vs 38.66% (▲105bps)
- Notice for the 07th Annual General Meeting for the year ended March 31, 2026.
- M/s. Chittora & Co. appointed as Cost Auditors for FY 2026-27.
- M/s. R.A. Kila & Associates appointed as Internal Auditors for FY 2026-27.
- M/s Ajai Kumar Associates appointed as Secretarial Auditors for FY 2026-27.
Business Update
Neutral
2026-08-05 18:35
- Concall Schedule for Q1 FY27 results
- Concall Date: Tuesday, August 11, 2026
- Concall Time: 4:00 PM IST
Governance
Neutral
2026-08-04 14:17
- Board Meeting scheduled for Monday, August 10, 2026.
- Purpose: To consider and approve the unaudited Financial Results for the quarter ended June 30, 2026.
- Trading window closed from July 11, 2026, until 48 hours post-results announcement.
Routine
Neutral
2026-07-11 15:12
- Intimation of Trading Window closure from July 11, 2026.
- It will remain closed until 48 hours after the declaration of un-audited financial results for the quarter ended June 30, 2026.
- The company voluntarily opts to submit financial results despite being an SME entity.
- The date of the Board Meeting will be informed in due course.
Routine
Neutral
2026-07-10 17:23
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