Want to see IN:LATTEYS full AI Analyst Report?
Top Page
Latteys Industries Ltd.
(LATTEYS)
Select Model
Select Model
Rating:55Neutral
Price Target:
₹22.50
▲(13.12% Upside)
Action:Reiterated
Date:10/07/26
The score is primarily held back by weak latest-year cash generation and higher leverage despite strong revenue growth and improving earnings. Technicals are mildly supportive with price above key moving averages, but momentum is mixed. Valuation appears mid-range based on the provided P/E, with no dividend yield data to add support.
Positive Factors
Strong revenue growth
The substantial multi-year revenue increase indicates that Latteys has expanded its execution base and customer activity across industrial markets. If the company can convert this scale into consistent cash generation and preserve margins, the larger revenue platform can support durable earnings growth.
Negative Factors
Negative latest-year cash flow
The latest reversal to deeply negative operating and free cash flow weakens the quality of reported growth and may increase reliance on external funding. Unless cash conversion normalizes, the company could have less flexibility to finance projects, absorb execution needs, or pursue expansion internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
The substantial multi-year revenue increase indicates that Latteys has expanded its execution base and customer activity across industrial markets. If the company can convert this scale into consistent cash generation and preserve margins, the larger revenue platform can support durable earnings growth.
Read all positive factors
Latteys Industries Ltd. (LATTEYS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.19B
Dividend YieldN/A
Average Volume (3M)46.55K
Price to Earnings (P/E)18.8
Beta (1Y)1.00
Revenue Growth56.92%
EPS Growth100.06%
CountryIN
Employees176
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.10
Shares Outstanding57,495,827
10 Day Avg. Volume56,977
30 Day Avg. Volume46,546
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 | 102.72M |
| EBITDA | 76.75M | 65.55M | 47.52M | 48.39M | 40.29M | 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 | 270.06M | 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 | 100.77M | 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
Negative
19.89
Price Trends
21.09
Negative
21.38
Negative
21.51
Negative
Market Momentum
-0.02
Negative
46.92
Neutral
29.80
Neutral
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 19.89 is below the 20-day moving average (MA) of 20.83, below the 50-day MA of 21.09, and below the 200-day MA of 21.51, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 46.92 is Neutral, neither overbought nor oversold. The STOCH value of 29.80 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹962.04M | 21.92 | ― | 1.33% | -19.72% | -25.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹1.19B | 18.77 | ― | ― | 56.92% | 100.06% | |
46 Neutral | ₹622.44M | 34.21 | ― | 0.64% | -23.10% | -72.55% | |
46 Neutral | ₹804.82M | 4.51 | ― | ― | -9.15% | -26.97% |
* General Sector Average
IN:LATTEYS
Latteys Industries Ltd.
20.65
-2.84
-12.09%
IN:ATAM
Atam Valves Ltd.
54.30
-34.08
-38.56%
IN:BEWLTD
BEW Engineering Ltd.
58.85
-71.30
-54.78%
IN:DUCON
Ducon Infratechnologies Ltd.
1.40
-2.06
-59.57%
IN:EMKAYTOOLS
Emkay Taps & Cutting Tools Ltd.
94.00
-53.10
-36.10%
IN:SOMICONVEY
Somi Conveyor Beltings Limited
81.67
-62.53
-43.36%
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 Disclosu...
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 ...
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.