Latteys Industries Ltd. (LATTEYS) AI Stock Analysis

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Latteys Industries Ltd.

(NSE:LATTEYS)

Select Model

Rating:65Neutral

Price Target:INR 20.00▲(6.61% Upside)

Action:reiterated

Date:10/07/26

Financial performance drives the score with robust revenue growth and balance sheet stability, supported by favorable technical indicators showing moderate momentum.

Positive Factors

Strong Revenue ExpansionRevenue growth from ~271M in 2021 to ~1,169M in 2026 indicates substantial scale expansion across engineered equipment markets. If execution is sustained, the larger base can support greater operating capacity and customer reach, making growth a durable earnings driver.

Negative Factors

Cash Flow ReversalOperating cash flow fell to about -124M and free cash flow to about -131M in 2026 from roughly 80M positive operating and free cash flow in 2025. Such deterioration can reduce self-funding capacity and increase reliance on external capital while growth continues.

Latteys Industries Ltd. (LATTEYS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.09B
Dividend Yield: ―
Average Volume (3M): 62.33K
Price to Earnings (P/E): 16.3
Beta (1Y): 0.76
Revenue Growth: 70.90%
EPS Growth: 127.26%
Country: India
Employees: 176
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

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 horticultura...

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 fabrication...

Latteys Industries Ltd. Financial Statement Overview

Summary

Strong revenue growth and stable balance sheet with improving ROE, tempered by negative operating cash flow and rising debt levels.

Income Statement

78Positive

Balance Sheet

72Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	1.47B	1.17B	802.68M	636.46M	529.37M	408.52M
Gross Profit	252.94M	199.94M	140.40M	166.40M	104.55M	102.72M
EBITDA	89.37M	65.55M	47.52M	48.39M	40.29M	33.08M
Net Income	44.62M	35.56M	18.07M	14.94M	13.28M	10.35M
Balance Sheet
Total Assets	971.45M	825.88M	462.62M	488.08M	441.30M	416.05M
Cash, Cash Equivalents and Short-Term Investments	7.75M	487.00K	407.00K	793.00K	4.94M	2.06M
Total Debt	355.96M	217.90M	88.25M	171.05M	124.23M	122.25M
Total Liabilities	711.56M	587.39M	259.72M	303.62M	270.06M	260.74M
Stockholders Equity	259.89M	238.50M	202.88M	184.42M	168.40M	155.32M
Cash Flow
Free Cash Flow	0	-130.76M	79.93M	-32.45M	9.84M	17.93M
Operating Cash Flow	0	-124.46M	100.77M	5.65M	29.04M	26.30M
Investing Cash Flow	0	-5.10M	-4.60M	-33.71M	-19.01M	-11.58M
Financing Cash Flow	0	129.65M	-96.56M	28.15M	-11.38M	-17.73M

Latteys Industries Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price18.76

Price Trends

50DMA20.21Negative

100DMA20.59Negative

200DMA21.17Negative

Market Momentum

MACD-0.48Negative

RSI43.92Neutral

STOCH63.18Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LATTEYS, the sentiment is Negative. The current price of 18.76 is below the 20-day moving average (MA) of 19.23, below the 50-day MA of 20.21, and below the 200-day MA of 21.17, indicating a bearish trend. The MACD of -0.48 indicates Negative momentum. The RSI at 43.92 is Neutral, neither overbought nor oversold. The STOCH value of 63.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LATTEYS.

Latteys Industries Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:LATTEYS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:LATTEYS	65Neutral	INR 1.11B	16.31	―	―	70.90%	127.26%
IN:SOMICONVEY	64Neutral	INR 960.04M	21.46	―	―	-19.72%	-25.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DUCON	46Neutral	INR 822.06M	5.97	―	―	-10.63%	-38.79%
IN:ATAM	39Underperform	INR 604.79M	35.02	―	0.64%	-23.10%	-72.55%

* General Sector Average

Performance Comparison

IN:LATTEYS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:LATTEYS	Latteys Industries Ltd.	18.76	-6.11	-24.57%
IN:ATAM	Atam Valves Ltd.	53.91	-34.62	-39.10%
IN:BEWLTD	BEW Engineering Ltd.	39.90	-91.00	-69.52%
IN:DUCON	Ducon Infratechnologies Ltd.	1.48	-1.79	-54.77%
IN:EMKAYTOOLS	Emkay Taps & Cutting Tools Ltd.	95.00	-41.65	-30.48%
IN:SOMICONVEY	Somi Conveyor Beltings Limited	83.50	-58.35	-41.14%

Latteys Industries Ltd. Corporate Events

Latteys Industries Secures Shareholder Approval on All AGM Resolutions

Oct 1, 2026

Latteys Industries Ltd. has reported to the National Stock Exchange of India the voting results of its 13th Annual General Meeting, held on September 30, 2026, via audio-visual means in compliance with SEBI’s Listing Obligations and Disclosure Requir...

Latteys Industries Holds Routine 13th AGM Via Video Conferencing

Sep 30, 2026

Latteys Industries Ltd. held its 13th Annual General Meeting on September 30, 2026, via video conferencing and other audio-visual means in line with regulatory guidance from the Ministry of Corporate Affairs and SEBI. The meeting was deemed to be con...

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.

Date of analysis: Oct 07, 2026

Latteys Industries Ltd. AI Stock Analysis