Synopsis: Pune-based Industry 4.0 solutions provider Adisoft Technologies Limited, which listed on NSE Emerge in April 2026, has guided for around 25% revenue growth in FY27. The company believes its upcoming 70,000 sq. ft. manufacturing facility in Bhosari will be the key driver for scaling annual revenues to ₹650–700 crore over the next five years, nearly four times its FY26 revenue of ₹169 crore.
Shares of Adisoft Technologies Limited, with a market capitalization of Rs. 351.65 crore, were trading at Rs. 215.50, down 0.30% from their previous closing price of Rs. 216.15. The stock touched an intraday high of Rs. 217.10 and a low of Rs. 213.70. It is currently trading at a P/E ratio of 15.3.
New Manufacturing Facility to Drive the Next Phase of Growth
The biggest growth trigger for Adisoft is its upcoming greenfield manufacturing facility in Bhosari, Pune. The project includes a 70,000 sq. ft. building being developed on a 30,000 sq. ft. plot.
Chairman and Managing Director Ajay Chandrashekhar Prabhu stated during the earnings call that excavation work has already been completed, while PCC (Plain Cement Concrete) foundation work is currently in progress. The basement, ground floor, and first floor are expected to be ready by September – October 2026, enabling the company to shift manufacturing activities to the new location. The remaining floors, which will house design, software development, and engineering teams, are expected to be completed by March 2027.
Management noted that FY26 revenue of ₹169.33 crore is close to the maximum capacity of the current facility due to space and manpower constraints. The new Bhosari facility is expected to remove these limitations and create room for significantly higher growth. According to management, the plant has the potential to support annual revenues of ₹650 – Rs. 700 crore once fully utilized. The company expects this scale-up process to take about five years. For FY28, when the facility will have been operational for a full year, management expects revenue growth to exceed 30%, compared with the 25% growth guidance for FY27
Strong FY26 Performance Supported by Higher Margins
Adisoft delivered a strong set of numbers in FY26, highlighting the operating leverage within its business model. As has been the case historically, H2 contributed a larger share of revenue under the company’s typical 40:60 revenue split.
During H2 FY26, total income rose 46.58% year-on-year to ₹119.7 crore. EBITDA increased 76.69% to ₹24.56 crore, while EBITDA margins expanded by 350 basis points to 20.52%. Net profit for the period grew 79.47% to ₹17.48 crore.
For the full year FY26, total income stood at ₹169.33 crore, representing growth of 26.66%. EBITDA increased 42.35% to ₹32.84 crore, while net profit rose 42.86% to ₹22.8 crore. This resulted in a PAT margin of approximately 13.5 – 14%, compared with about 12% in FY25.
Management attributed the margin expansion to the company’s ability to deploy proven automation solutions across multiple customers. Products such as production control systems, traceability platforms, vision-based inspection systems, and Poka-Yoke error-proofing solutions can be reused with relatively lower incremental costs. As a result, profitability improves as repeat orders increase, particularly during the stronger second half of the year.
Customer Concentration Remains a Key Area to Watch
One of the major factors investors are monitoring is customer concentration. Around 65% of FY26 revenue came from a single customer, a leading player in both two-wheeler and four-wheeler automobile manufacturing. This relationship dates back to the company’s early years.
Management stated that Adisoft enjoys a 90 – 95% wallet share within its niche offerings for this customer, making the relationship relatively stable and difficult for competitors to displace. The automotive sector currently contributes nearly 80% of total revenue.
To reduce dependence on a single industry, management aims to bring automotive’s share down to around 60 – 65% over the medium term. The company is targeting expansion in pharmaceuticals, white goods manufacturing, and e-commerce, where its data management and traceability solutions can also be applied. Non-automotive business currently contributes about 11% of revenue.
As of April 1, 2026, Adisoft entered FY27 with an order book of approximately ₹40 crore. The overall business pipeline stood at ₹85 crore, while confirmed orders worth ₹46 – 47 crore had already been secured. Working capital days remained around 120 days. Trade receivables stood at ₹82 crore at year-end, which management attributed to the heavier H2 billing cycle. Collections are expected to improve during H1 FY27.
Company Overview
Adisoft Technologies Limited is a Pune-based industrial automation and digital manufacturing solutions company with over 13 years of operating experience. The company offers end-to-end Industry 4.0 solutions, including automated assembly lines, robotic workstations, vision inspection systems, traceability software, and ERP-to-shop-floor integration. Its solutions serve customers across automotive, pharmaceutical, packaging, e-commerce, and white goods industries.
The company is listed on the NSE Emerge platform (Code: ADISOFT, ISIN: INE20PL01012) and has its registered office at Prathamesh Complex, MIDC Chinchwad Industrial Area, Bhosari I.E., Pune, Maharashtra.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
