
Stock chart
Analyses on Ludan-Tech (4)
- March 24, 2026March 24, 2026
- Follow-up
Ludan-Tech: The Rail Backlog Looks Strong, but What Actually Converts and When?
Ludan-Tech's rail backlog strengthens Shimekotech's strategic position, but as of year-end 2025 only a limited portion is close to revenue and profit, while the better-quality maintenance layer is expected to become truly meaningful mainly from 2027.

- Follow-up
Ludan-Tech: How Much Cash Really Remains After Leases, Interest, and the Parent Loan?
Ludan-Tech is not in a classic liquidity crisis, but shareholder-level cash flexibility is far narrower than the positive working-capital headline implies because interest, leases, capitalized development, and the former-parent loan almost wipe out the cash that remains.

- Follow-up
Ludan-Tech: RT Left the P&L, but Did It Really Leave the Story?
RT has been moved out of Ludan-Tech's core operating results into discontinued operations, but as of the report date the exit was still incomplete: the NIS 7.261 million loss had already hit the bottom line, the credit-line guarantees had not been released, and the company was s…

Ludan-Tech: Transport Backlog Is Deferred, Defense Carries the Load, and the Balance Sheet Is Less Forgiving
Ludan-Tech still has a strong backlog and a solid competitive position in ticketing and defense systems, but FY2025 showed that backlog is not enough when the technology segment is delayed, margins compress, and the balance sheet is already more leveraged and less forgiving.































