
Shares fell 1.7% after the CFO said the company will trim ₹25 crore of debt in FY27, a move that will tighten its net debt‑to‑EBITDA ratio from roughly 1.0x to 0.9x.
SMT posted ₹1,210 crore in revenue last year, with India contributing 26% and Europe 38‑39%; the remaining 35% came from Latin America, the Middle East and the Asia Pacific.
Research and development costs sit at 9‑10% of revenue, and the Hyderabad plant—already 33% operational—took an investment of ₹250 crore.
The EBITDA‑to‑operating‑cash conversion jumped from 40% in FY24 to 60% in FY26, signalling stronger cash generation that will underpin the debt‑paydown plan.
CFO Amit Kumar Khandelia said that the company’s limited capex needs will free up operating cash, allowing the FY27 debt cut while keeping the capital base healthy.
Looking ahead, SMT plans to keep its focus on India and Europe, with no immediate expansion into the US, Japan or China, and expects future cash flow to sustain the debt‑reduction trajectory.