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Latteys Industries Ltd.
(LATTEYS)
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Rating:60Neutral
Price Target:
₹21.50
▲(8.09% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily weighed down by financial performance risks—especially the sharp deterioration in operating/free cash flow and the step-up in leverage—despite strong revenue growth and improving earnings. Technicals are supportive with a clear uptrend and positive MACD, but momentum is close to overbought. Valuation is moderate at ~21x earnings, with no dividend yield to offset the elevated financial risk.
Positive Factors
Strong Revenue Expansion
The substantial multi-year increase in revenue indicates that Latteys has been scaling its order execution and industrial customer activity. Sustained expansion provides a larger base for operating leverage, capacity utilization, and future earnings growth if execution remains disciplined.
Negative Factors
Sharp Cash-Flow Deterioration
The reversal from strongly positive 2025 cash flow to substantial operating and free-cash-flow deficits weakens the quality of recent growth. Persistent working-capital strain or reinvestment needs could increase reliance on external funding and limit financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
The substantial multi-year increase in revenue indicates that Latteys has been scaling its order execution and industrial customer activity. Sustained expansion provides a larger base for operating leverage, capacity utilization, and future earnings growth if execution remains disciplined.
Read all positive factors
Latteys Industries Ltd. (LATTEYS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.22B
Dividend YieldN/A
Average Volume (3M)73.13K
Price to Earnings (P/E)19.6
Beta (1Y)1.02
Revenue Growth56.92%
EPS Growth100.06%
CountryIN
Employees132
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.10
Shares Outstanding57,495,827
10 Day Avg. Volume43,475
30 Day Avg. Volume73,127
Financial Highlights & Ratios
PEG Ratio-2.92
Price to Book (P/B)9.81
Price to Sales (P/S)2.00
P/FCF Ratio-17.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Latteys Industries Ltd. Business Overview & Revenue Model
Company Description
Latteys Industries Limited, based in Ahmedabad, India, designs, manufactures, and distributes a comprehensive range of pumps across various sectors within India. Founded in 2004, the company serves domestic, agricultural, industrial, and horticult...
How the Company Makes Money
Latteys Industries Ltd. makes money primarily by executing orders for engineered-to-specification industrial equipment and systems. Its key revenue stream is the sale of manufactured process equipment—especially heat exchangers and heavy fabricati...
Latteys Industries Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
61
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.32B | 1.17B | 802.68M | 636.46M | 529.37M | 408.52M |
| Gross Profit | 243.33M | 199.94M | 140.40M | 166.40M | 104.55M | 85.25M |
| EBITDA | 75.95M | 65.55M | 47.52M | 48.39M | 43.51M | 33.08M |
| Net Income | 41.73M | 35.56M | 18.07M | 14.94M | 13.28M | 10.35M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 825.88M | 462.62M | 488.08M | 441.30M | 416.05M |
| Cash, Cash Equivalents and Short-Term Investments | 5.60M | 487.00K | 407.00K | 793.00K | 4.94M | 2.06M |
| Total Debt | 0.00 | 217.90M | 88.25M | 171.05M | 124.23M | 122.25M |
| Total Liabilities | -238.50M | 587.39M | 259.72M | 303.62M | 272.90M | 260.74M |
| Stockholders Equity | 238.50M | 238.50M | 202.88M | 184.42M | 168.40M | 155.32M |
Cash Flow | ||||||
| Free Cash Flow | 13.63M | -130.76M | 79.93M | -32.45M | 9.84M | 17.93M |
| Operating Cash Flow | 16.34M | -124.46M | 85.65M | 5.65M | 29.04M | 26.30M |
| Investing Cash Flow | -2.42M | -5.10M | -4.60M | -33.71M | -19.01M | -11.58M |
| Financing Cash Flow | -12.97M | 129.65M | -96.56M | 28.15M | -11.38M | -17.73M |
Latteys Industries Ltd. Technical Analysis
Positive
19.89
Price Trends
20.90
Positive
21.74
Negative
21.77
Negative
Market Momentum
>-0.01
Positive
51.52
Neutral
30.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LATTEYS, the sentiment is Positive. The current price of 19.89 is below the 20-day moving average (MA) of 21.88, below the 50-day MA of 20.90, and below the 200-day MA of 21.77, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 51.52 is Neutral, neither overbought nor oversold. The STOCH value of 30.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:LATTEYS.
Latteys Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹1.07B | 24.17 | ― | 1.33% | -19.72% | -25.60% | |
60 Neutral | ₹1.22B | 19.56 | ― | ― | 56.92% | 100.06% | |
55 Neutral | ₹1.04B | 5.85 | ― | ― | -9.15% | -26.23% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹637.34M | 35.22 | ― | 1.52% | -23.10% | -72.55% |
* General Sector Average
IN:LATTEYS
Latteys Industries Ltd.
21.52
0.72
3.46%
IN:ATAM
Atam Valves Ltd.
55.78
-36.02
-39.24%
IN:BEWLTD
BEW Engineering Ltd.
49.00
-104.10
-67.99%
IN:DUCON
Ducon Infratechnologies Ltd.
1.81
-2.01
-52.67%
IN:EMKAYTOOLS
Emkay Taps & Cutting Tools Ltd.
94.95
-166.75
-63.72%
IN:SOMICONVEY
Somi Conveyor Beltings Limited
90.80
-49.20
-35.14%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.