Two precision manufacturing SMEs have demonstrated robust financial growth, with Captain Technocast achieving 44.5% profit growth to ₹11.62 crore and Ameya Precision Engineers posting 26.1% profit growth to ₹5.6 crore in FY26. According to The Financial Express, Captain Technocast reported 40.9% revenue growth to ₹129.8 crore, while Ameya Precision recorded 4.3% revenue growth to ₹40.2 crore. Both companies have maintained strong return on capital employed (ROCE) above 15%, with Captain Technocast at 29.7% and Ameya Precision at 24.9%.
Both companies operate in the defence castings and precision components sector, though their defence exposure varies significantly. As reported by The Financial Express, Captain Technocast manufactures investment castings for defence, aerospace and marine applications, while Ameya Precision supplies components to DRDO's Armament Research and Development Establishment. Captain Technocast's defence revenue represents a diversified portion of its casting business, while Ameya's defence segment accounts for only ₹61.8 lakh or approximately 1.5% of total revenue in FY26.
Both companies have expanded their international presence significantly. According to The Financial Express, Captain Technocast's exports increased 34.4% to ₹44.5 crore, representing around 33% of consolidated revenue. Ameya Precision's exports accounted for 91.5% of FY26 operating revenue, with markets spanning the UK, Europe and North America. The companies' focus on export markets has contributed to their diversified revenue streams and growth trajectories.
Despite strong growth, both companies face different financial challenges. As reported by The Financial Express, Captain Technocast's borrowings increased from ₹4.5 crore to ₹20.1 crore, though debt-to-equity remained below the screen's limit at 0.38 times. Ameya Precision maintains low leverage with debt-to-equity below 0.01 times, but operating cash flow declined significantly to ₹1.95 crore from ₹5.98 crore. The companies' debtor days have also increased, with Captain Technocast at 67 days and Ameya Precision at 115 days, indicating slower collection cycles.
The companies' performance metrics show mixed signals for investors. According to The Financial Express, Captain Technocast's 30% three-year sales CAGR and 58% profit CAGR demonstrate strong operational momentum, while Ameya Precision's 12% sales CAGR and 44% profit CAGR over three years indicate more stable growth. Both companies have maintained strong promoter holdings above 30%, with Captain Technocast at 64.69% and Ameya Precision at 72.45%, providing stability in ownership structure. The financial screen criteria of ROCE above 15%, debt-to-equity below 0.5, and positive operating cash flow have been met by both companies, though historical growth rates should not be treated as forecasts.
