Manufactures power and distribution transformers at its Gavasad facility, scaling capacity from 7,500 MVA to 14,000 MVA by April 2027 through a 6,500 MVA expansion (Gavasad Expansion 3). FY26 revenue was ₹652 crore, with operations spanning domestic grid and renewable projects and export markets — exports made up 48% of revenue, with the US alone contributing 18-19%. Q4 FY26 was hit by US tariff uncertainty and Middle East logistics disruption that deferred ₹35-40 crore of shipments, compressing Q4 EBITDA margin to 21% versus the full-year 29%. The company is debt-free with ₹246 crore cash and ₹192 crore operating cash flow, and is funding the ₹120 crore capex for the expansion entirely from internal accruals. The order book stood at ₹452 crore at year-end, with FY27 revenue targeted at ₹800 crore and FY27 dispatch volume guided at 7,000 MVA. Raw materials are the dominant cost at 61.9% of revenue, with transformer oil prices having doubled since February and other inputs up 10-25%, prompting price revision discussions with customers. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Export sales (48%), Domestic sales. Single-site, export-oriented transformer manufacturer in a capacity-expansion phase.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 180 | 280 | 397 | 623 | 652 |
| EBITDA (ex other income) | 19 | 53 | 113 | 185 | 190 |
| margin % | 10.8 | 18.9 | 28.5 | 29.6 | 29.2 |
| Owners' profit | 14 | 43 | 92 | 147 | 158 |
| EPS, as reported (₹) | 36.82 | 113.08 | 120.48 | 192.55 | 138.25 |
| ROE % · ROCE % | 17.6 · 23.6 | 35.5 · 47.1 | 43.8 · 58.0 | 42.3 · 56.4 | 32.2 · 42.9 |
| Debt / equity (x) | 0.21 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (6) | 39 | 76 | 40 | 192 |
| Capex | (2) | (6) | 0 | (33) | (148) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 154 | 232 | 159 | 171 | 170 | 152 | 135 |
| Profit before tax | 44 | 47 | 75 | 56 | 62 | 57 | 37 | 28 |
| Net profit | 33 | 35 | 55 | 41 | 46 | 42 | 28 | 21 |
| EPS (₹) | 42.92 | 45.59 | 72.59 | 36.27 | 40.15 | 37.01 | 24.82 | 18.24 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ABB INDIA LIMITED | 1,54,136 | 51.6 | 16.50 | — | 23.0 | 10.2 | — | 15.2 |
| BHEL | 1,50,076 | 61.7 | 5.74 | 49.8 | 6.1 | 4.7 | 14.3 | 9.3 |
| CG POWER AND IND SOL LTD | 1,43,168 | 93.7 | 17.46 | 77.9 | 14.6 | 19.2 | 33.2 | 14.7 |
| SIEMENS LTD | 1,40,869 | 43.0 | 10.17 | 39.7 | 19.9 | 20.6 | 31.1 | 11.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 27 Aug 2026 · Shilchar Technologies Q1 FY27 results: revenue dips 21% YoY to Rs 51.6 cr | results | high | — | — |
| 19 Aug 2026 · Q1 FY27 earnings call transcript, West Asia crisis hit exports | investor communications | medium | — | — |
| 14 Aug 2026 · Audio of investor meet on Q1 FY27 results uploaded | investor communications | low | — | — |
| 13 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 12 Aug 2026 · Shilchar Technologies 40th AGM: All 6 resolutions passed with over 99.99% approval | compliance | minimal | — | — |
| 12 Aug 2026 · Updated conference call details for Q1FY27 results on 14 August 2026 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Shilchar Q1FY27 results: Revenue down 15% YoY to Rs 135 cr, margins pressured | investor communications | medium | — | — |
| 11 Aug 2026 · Shilchar Technologies Q1FY27 earnings call on 14 August 2026 | board shareholder meetings | low | — | — |
| 11 Aug 2026 · 40th AGM held via VC; dividend, director reappointments on agenda | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Shilchar Technologies Q1 FY27 profit falls to Rs 20.86 cr on lower revenue | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| HITACHI ENERGY INDIA LTD |
| 1,40,200 |
| 121.8 |
| 27.09 |
| — |
| 19.1 |
| 24.7 |
| — |
| 16.9 |
| GE VERNOVA T&D INDIA LTD | 1,16,454 | 89.2 | 43.29 | — | 45.8 | 57.9 | — | 27.4 |
| SIEMENS ENERGY INDIA LTD | 1,13,147 | 76.0 | 23.51 | — | 14.3 | 15.8 | — | 25.9 |
| SUZLON ENERGY LIMITED | 60,678 | 19.4 | 6.41 | 18.8 | 33.4 | 22.7 | 38.0 | 16.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 34.4 | 35.1 | 17 of 34 | 52% |
| P/B | 9.6 | 5.7 | 22 of 33 | 34% |
| ROCE | 42.8 | 16.6 | 4 of 36 | 91% |
| ROE | 32.2 | 14.6 | 5 of 35 | 88% |
| Debt / Equity | 0.0 | 0.1 | 2 of 35 | 65% |
| EBITDA margin | 21.7 | 16.4 | 12 of 35 | 68% |
| Revenue growth | (15.2) | 17.7 | 30 of 33 | 9% |
| Profit growth | (49.7) | 6.7 | 26 of 32 | 19% |
| Market cap | 4731 | 7198 | 21 of 35 | 41% |
| 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.
