Msafe Equipments Limited

About

Msafe Equipments Limited engages in the manufacturing, sales, and rental of access and height-safety solutions in India. The company offers aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders and fibre reinforced plastic (FRP) ladders. It also offers various types of aluminium scaffoldings such as stairway, narrow-width, extra reach, podium, cantilever, and bridge sections. The company serves various industries, such as civil construction, infrastructure development, facility management, HVAC solutions, MEP contracting, interior contracting, electrical contracting, warehousing and logistics, firefighting and safety systems, and others. Msafe Equipments Limited was incorporated in 2019 and is based in Noida, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Jun 2025
Sales	31.79	28.11	22.72
Expenses	19.17	16.78	13.94
Operating Profit	12.62	11.33	8.78
OPM %	39.70	40.31	38.64
Other Income	0.66	0.45	0.03
Depreciation	2.63	2.21	1.38
Interest	0.92	0.90	0.78
Profit before tax	9.73	8.67	6.65
Tax %	25.28	24.91	24.21
Net Profit	7.27	6.51	5.04
EPS in Rs	3.56	3.19	50.40

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Sales	103.00	71.00	48.00	27.00	16.00	6.00
Expenses	59.00	45.00	32.00	20.00	11.00	4.00
Operating Profit	44.00	26.00	16.00	7.00	4.00	1.00
OPM %	43.00	37.00	33.00	24.00	27.00	22.00
Other Income	-2.00	0.00	0.00	3.00	1.00	1.00
Interest	3.00	3.00	2.00	1.00	1.00	1.00
Depreciation	8.00	6.00	5.00	3.00	2.00	1.00
Profit before tax	30.00	17.00	9.00	5.00	3.00	0.00
Tax %	25.00	25.00	25.00	27.00	26.00	25.00
Net Profit	22.00	13.00	7.00	4.00	2.00	0.00
EPS in Rs	10.99	130.10	65.50	36.10	2,090.00	300.00
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Equity Capital	20.00	1.00	1.00	1.00	0.01	0.01
Reserves	78.00	25.00	12.00	5.00	2.00	0.00
Borrowings	39.00	33.00	26.00	20.00	11.00	9.00
Other Liabilities	12.00	12.00	10.00	7.00	7.00	2.00
Total Liabilities	149.00	70.00	48.00	34.00	20.00	11.00
Fixed Assets	49.00	39.00	27.00	22.00	13.00	7.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	1.00	1.00	0.00	0.00
Other Assets	100.00	31.00	21.00	11.00	7.00	4.00
Total Assets	149.00	70.00	48.00	34.00	20.00	11.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Cash from Operating Activity	12.00	14.00	6.00	5.00
Cash from Investing Activity	-63.00	-18.00	-10.00	-13.00
Cash from Financing Activity	52.00	4.00	3.00	9.00
Net Cash Flow	0.00	0.00	0.00	0.00
Free Cash Flow	-9.00	-4.00	-3.00	-8.00
CFO/OP %	50.00	68.00	50.00	80.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Debtor Days	84.00	83.00	90.00	96.00	118.00	142.00
Inventory Days	379.00	179.00	94.00	51.00	42.00	63.00
Days Payable	68.00	127.00	122.00	272.00	565.00	249.00
Cash Conversion Cycle	395.00	134.00	63.00	-125.00	-405.00	-44.00
Working Capital Days	52.00	-54.00	-95.00	-180.00	-230.00	-352.00
ROCE %	37.00	42.00	35.00	32.00	35.00	—