Manufacturers and supplies electrical conductors and power cables used in electricity transmission and in data centre infrastructure. Its aluminium alloy conductors (AL59 Moose and AL59 Zebra grades) go to power transmission projects, with a Rs 185.16 crore order from Adani Energy Solutions covering 1,050 km for the Tuticorin project and 3,770 km for the Pune-III project. Its HT and LT power cables are sold into data centre builds, with a Rs 435.71 crore order to supply about 21.35 lakh metres of cable for the 310 MW Hyderabad data centre projects, with clients including L&T, Sterling and Wilson, and Blue Star. Production is based at its Vadodara plant. Revenue for FY26 was Rs 1,910.10 crore and net profit Rs 158.17 crore, with materials accounting for 83.8% of revenue. The firm recently completed an NCLT insolvency resolution process and raised about Rs 1,614 crore via a qualified institutional placement of equity to institutions. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Aluminium alloy conductors, HT and LT power cables. Asset-heavy electrical equipment manufacturer, recently emerged from NCLT insolvency resolution
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 1,115 | 1,910 |
| EBITDA (ex other income) | 67 | 224 |
| margin % | 6.0 | 11.7 |
| Owners' profit | 0 | 158 |
| EPS, as reported (₹) | 0.65 | 3.00 |
| ROE % · ROCE % | (3.9) · 3.5 | (26.2) · 10.6 |
| Debt / equity (x) | (0.52) | (4.19) |
| Cash from operations | 17 | (80) |
| Capex | (68) | (81) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 250 | 307 | 334 | 302 | 438 | 474 | 696 | 690 |
| Profit before tax | 4 | 6 | 8 | 20 | 29 | 51 | 62 | 59 |
| Net profit | 4 | 6 | 8 | 20 | 28 | 50 | 61 | 58 |
| EPS (₹) | 0.76 | 0.12 | 0.15 | 0.38 | 0.53 | 0.94 | 1.15 | 1.11 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 75,508 | 19.8 | 5.03 | 12.2 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 70,293 | 59.5 | 13.03 | 36.9 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 44,224 | 26.2 | 10.26 | 18.0 | 35.0 | 25.7 | — | 30.8 |
| EMMVEE PHOTOVOLTAIC PWR L | 23,872 | 17.9 | 6.46 | 13.3 | 29.3 | 31.2 | — | 36.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Diamond Power exits NCLT framework one year ahead of schedule | regulatory legal | high | — | — |
| 7 Sept 2026 · Stock exchanges flag MPS non-compliance; company now compliant post QIP | regulatory legal | high | — | — |
| 3 Sept 2026 · Diamond Power wins Rs 76 crore EHV cable order for Gujarat transmission project | business updates | high | — | — |
| 3 Sept 2026 · Newspaper publication of 34th AGM notice | compliance | minimal | — | — |
| 3 Sept 2026 · Record date set for 34th AGM on Sept 25, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Mutual fund plant visit by Nippon, Tata, Bandhan and Union MFs | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Annual Report for FY 2025-26 and 34th AGM details shared with shareholders | compliance | minimal | — | — |
| 2 Sept 2026 · Diamond Power Infra 34th AGM on Sep 25, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Diamond Power Infra files BRSR for FY26, net worth remains negative | compliance | minimal | — | — |
| 2 Sept 2026 · Diamond Power FY26 Annual Report: Revenue up 71% to Rs 1,910 cr | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| MTAR TECHNOLOGIES LIMITED | 22,531 | 168.8 | 27.39 | 120.2 | 11.4 | 12.4 | 28.9 | 25.8 |
| DIAMOND POWER INFRA LTD ◆ | 19,448 | 98.9 | — | 94.7 | (26.2) | 8.6 | — | 12.3 |
| AVALON TECHNOLOGIES LTD | 15,293 | 114.3 | 21.19 | 76.2 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 9,830 | 13.7 | 4.43 | 12.1 | 26.7 | 22.7 | 50.8 | 22.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 98.9 | 26.2 | 50 of 53 | 6% |
| ROCE | 8.6 | 12.3 | 36 of 56 | 36% |
| ROE | (26.2) | 11.5 | 49 of 53 | 8% |
| Debt / Equity | (4.2) | 0.2 | 1 of 53 | 100% |
| EBITDA margin | 12.3 | 12.6 | 27 of 51 | 48% |
| Revenue growth | 128.6 | 20.7 | 3 of 46 | 96% |
| Profit growth | 190.7 | 37.7 | 7 of 45 | 86% |
| Market cap | 19448 | 641 | 6 of 56 | 91% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
