Makes magnet winding wires used in power transformers, with specialized grades (including 765kV and HVDC-qualified wire) accounting for 75% of FY26 revenue. Q4 FY26 sales reached 7,600 metric tons (+29% YoY) at a record ₹74,000 EBITDA per ton, with FY26 revenue of ₹3,107 crore and PAT of ₹110 crore. The company sells to 120+ transformer OEMs globally, including Hitachi Energy, Siemens Energy, and GE Vernova, and exports to 24 countries — export revenue grew 92% YoY in Q4. Current installed capacity is 43,445 MT, with Supa Phase II scheduled to lift total capacity to ~59,000 MT by Q4 FY27. A PEEK-insulated wire line for 800V EV traction motors is due by end of Q2 FY27, and a green copper backward-integration facility is targeted for H2 FY27. Materials (largely copper) make up 96% of revenue, leaving just 4% for employee cost, other opex, and depreciation combined. Debt-to-EBITDA improved to 0.39x from 1.21x, working capital days sit at 65-68, and 4 MW of rooftop solar is in place for captive power use. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Specialized magnet winding wires (75%), Other magnet winding wires. Asset-heavy manufacturer of copper magnet winding wires serving the T&D transformer supply chain.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 3,107 |
| EBITDA (ex other income) | 190 |
| margin % | 6.1 |
| Owners' profit | 110 |
| EPS, as reported (₹) | 18.38 |
| ROE % · ROCE % | 13.6 · 22.5 |
| Debt / equity (x) | 0.39 |
| Cash from operations | (65) |
| Capex | (163) |
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 712 | 818 | 1,018 | 1,164 |
| Profit before tax | 37 | 31 | 45 | 57 |
| Net profit | 30 | 23 | 35 | 42 |
| EPS (₹) | 5.21 | 4.00 | 5.10 | 6.23 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PRECISION WIRES INDIA LTD | 8,497 | 48.4 | 11.00 | — | 20.1 | 21.9 | — | — |
| KSH INTERNATIONAL LIMITED ◆ | 7,941 | 57.1 | 9.83 | — | 13.6 | 17.3 | — | 7.1 |
| VIDYA WIRES LIMITED | 1,884 | 28.5 | 3.93 | 20.1 | 12.0 | 15.6 | — | 4.6 |
| EURO PANEL PRODUCTS LTD | 368 | 14.3 | 2.30 | 9.2 | 16.6 | 19.2 | — | 10.9 |
| BEDMUTHA INDUST LTD | 334 | 19.9 | 2.20 | 7.0 | 4.3 | 1.6 | 30.4 | 3.9 |
| CENTURY EXTRUSIONS LTD | 180 | 14.5 | 2.17 | — | 13.2 | 16.9 | — | 7.8 |
| M TEK COPPER LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · KSH Intl gets Consent to Operate for Supa Facility, capacity 28,800 MTPA | capex operations | high | — | — |
| 10 Sept 2026 · KSH International gets CTO for Supa Facility; 28,800 MTPA capacity approved | capex operations | high | — | — |
| 9 Sept 2026 · Promoter group member seeks reclassification to public category | ownership changes | medium | — | — |
| 8 Sept 2026 · KSH International files reclassification application for KDPL to Public category | ownership changes | medium | — | — |
| 5 Sept 2026 · KSH International board approves promoter group reclassification to public | ownership changes | medium | — | — |
| 2 Sept 2026 · KDPL seeks reclassification from promoter group to public category | ownership changes | medium | — | — |
| 2 Sept 2026 · Factory license renewed for Unit 3 in Pune till Dec 2030 | capex operations | low | — | — |
| 2 Sept 2026 · Factory license for Unit 3 at Pune renewed till December 2030 | business updates | low | — | — |
| 31 Aug 2026 · KSH International to hold virtual analyst and investor group meeting on Sept 4 | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Newspaper ad for 47th AGM notice filed with BSE and NSE | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 157 |
| 24.6 |
| 3.13 |
| — |
| 10.6 |
| 14.0 |
| — |
| 3.8 |
| CUBEX TUBINGS LTD | 110 | 14.6 | 1.32 | — | 8.9 | 10.8 | — | 4.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 57.1 | 22.3 | 10 of 10 | 0% |
| P/B | 9.8 | 2.3 | 9 of 10 | 11% |
| ROCE | 17.3 | 14.8 | 3 of 10 | 78% |
| ROE | 13.6 | 11.3 | 3 of 10 | 78% |
| Debt / Equity | 0.4 | 0.5 | 5 of 10 | 56% |
| EBITDA margin | 7.1 | 4.6 | 3 of 9 | 75% |
| Market cap | 7941 | 257 | 2 of 10 | 89% |
| A state: the latest filed quarter and the measured reactions |
| 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.
