Teamtech Formwork Solutions Ltd
Incorporated in November 2018,
Teamtech Formwork Solutions
Limited operates on a business
-to-business model, manufacturing,
refurbishing, and renting modular T
-formwork and customised formwork
systems for the construction industry.[1]
- Market Cap ₹ 501 Cr.
- Current Price ₹ 167
- High / Low ₹ 179 / 68.2
- Stock P/E 26.9
- Book Value ₹ 29.4
- Dividend Yield 0.00 %
- ROCE 41.2 %
- ROE 42.3 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 49.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 204 days.
- Working capital days have increased from 45.0 days to 92.4 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Construction Materials Other Construction Materials Other Construction Materials
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 12 | 20 | 30 | 33 | 53 | |
| Sales growth | +72% | +51% | +8% | +62% | |
| 10 | 16 | 21 | 23 | 36 | |
| Operating Profit | 2 | 4 | 9 | 9 | 18 |
| OPM % | 15% | 21% | 30% | 28% | 33% |
| 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 3 | 8 | 8 | 16 |
| Tax % | 25% | 12% | 4% | 2% | 27% |
| 1 | 3 | 8 | 8 | 12 | |
| EPS in Rs | 0.35 | 1.35 | 3.51 | 3.58 | 5.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| TTM: | 62% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 49% |
| Last Year: | 42% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 11 | 15 |
| Reserves | 1 | 4 | 11 | 19 | 22 | 73 |
| 3 | 3 | 4 | 11 | 17 | 1 | |
| 3 | 3 | 8 | 7 | 17 | 12 | |
| Total Liabilities | 9 | 13 | 25 | 40 | 67 | 101 |
| 5 | 6 | 9 | 19 | 19 | 20 | |
| CWIP | 0 | 0 | 0 | 2 | 8 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | 6 | 16 | 19 | 40 | 72 | |
| Total Assets | 9 | 13 | 25 | 40 | 67 | 101 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1 | 0 | 4 | 6 | 3 | |
| -1 | -0 | -3 | -12 | -7 | |
| -1 | -0 | -0 | 7 | 5 | |
| Net Cash Flow | 0 | 0 | 0 | 0 | -0 |
| Free Cash Flow | 1 | 0 | 0 | -7 | -5 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 90% | 25% | 57% | 77% | 31% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 69 | 36 | 92 | 82 | 204 |
| Inventory Days | 40 | 69 | 119 | 184 | 63 |
| Days Payable | 82 | 34 | 88 | 101 | 147 |
| Cash Conversion Cycle | 26 | 71 | 123 | 165 | 121 |
| Working Capital Days | -20 | 12 | 50 | -7 | 92 |
| ROCE % | 47% | 64% | 34% | 41% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Full-Time Employee Count count |
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| Export Revenue Share % |
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| Manufactured Goods Revenue Share % |
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| Number of Geographies Served (States + Countries) count |
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| Rental Revenue Share % |
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| T-Form Panel Capacity Utilization % |
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| T-Form Panel Production Volume SQM |
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| Top 10 Customer Revenue Concentration % |
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Extracted by Screener AI
Documents
Announcements
-
Integrated Filing- Financial
- Board approved H1 FY2027 unaudited results and related party transactions on 29 October 2026.
-
Outcome of Board Meeting
- Board approved H1 FY27 unaudited results; revenue ₹4,867.15 lakh, profit ₹999.04 lakh, plus related party transactions.
-
Integrated Filing- Financial
- Board approved unaudited standalone results for half-year ended 30 September 2026 and related party transactions.
-
Outcome of Board Meeting
- Board approved unaudited half-year results for 30 September 2026 and reviewed related party transactions.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate filed; no demat or remat requests processed for quarter ended September 2026.
Concalls
-
Jul 2026PPT
Business Profile:[1]
Teamtech Formwork Solutions Limited
operates on a B2B model and is engaged
in the manufacturing, refurbishment, and
rental of modular T-formwork systems
used in the construction industry. The
company provides engineered formwork solutions for vertical concrete structures
such as foundations, walls, shafts, tanks,
bridges, circular walls, and infrastructure projects. Apart from manufacturing, the
company also offers refurbishment services
and a rental model, enabling customers
to reduce upfront capital expenditure.