Key Financial Results

Half-Yearly Performance (H2 FY26 vs H2 FY25)

  • Revenue from Operations: ₹877.02 lakh (vs ₹602.01 lakh in H2 FY25), representing 46% YoY growth
  • EBITDA: ₹484.81 lakh (vs ₹106.36 lakh in H2 FY25), representing 356% YoY growth
  • EBITDA Margin: 55.28% (vs 17.67% in H2 FY25), an improvement of 3,761 basis points
  • Net Profit: ₹318.22 lakh (vs net loss of ₹5.34 lakh in H2 FY25), representing a turnaround to profitability
  • Net Profit Margin: 36.28% (vs -0.89% in H2 FY25), an improvement of 3,717 basis points
  • Diluted EPS: ₹6.16 (vs -₹0.10 in H2 FY25)

Annual Performance (FY26 vs FY25 vs FY24)

  • Revenue from Operations: ₹1,611.92 lakh (FY25: ₹1,406.38 lakh, FY24: ₹1,070.46 lakh)
  • EBITDA: ₹661.76 lakh (FY25: ₹451.88 lakh, FY24: ₹596.58 lakh)
  • EBITDA Margin: 41.05% (FY25: 32.11%, FY24: 55.73%)
  • Net Profit: ₹410.40 lakh (FY25: ₹245.81 lakh, FY24: ₹238.80 lakh)
  • Net Profit Margin: 25.46% (FY25: 17.47%, FY24: 22.31%)
  • Diluted EPS: ₹7.95 (FY25: ₹4.76, FY24: ₹6.80)

Balance Sheet Highlights (FY26)

  • Share Capital: ₹516.36 lakh
  • Reserves & Surplus: ₹2,200.08 lakh
  • Total Shareholders' Funds: ₹2,716.44 lakh
  • Long Term Borrowings: ₹187.70 lakh
  • Short-Term Borrowings: ₹606.64 lakh
  • Total Current Liabilities: ₹1,660.30 lakh
  • Inventories: ₹843.33 lakh
  • Trade Receivables: ₹1,036.56 lakh
  • Cash & Cash Equivalents: ₹2,180.64 lakh
  • Total Assets: ₹4,587.70 lakh

Cash Flow Statement (FY26)

  • Net Cash Flow from Operating Activities: ₹470.29 lakh
  • Net Cash Flow from Investing Activities: -₹206.28 lakh
  • Net Cash Flow from Financing Activities: ₹1,905.37 lakh
  • Net Increase in Cash: ₹2,169.38 lakh

Business Overview

Highness Microelectronics Limited is a vertically integrated company engaged in design, development, integration, assembly, and manufacturing of digital imaging solutions with 19+ years of experience. The company serves industries including Defence & Aerospace, Railways, Healthcare, and Industrial Automation.

Key Business Segments

Industrial Automation

  • Designs and manufactures HMI, rugged, high-temperature displays for harsh environments
  • Deployed across textile machinery, automotive manufacturing, CNC systems
  • Supplies industrial-grade displays for ATMs, kiosks, POS terminals, ticket vending machines

Medical & Healthcare

  • Manufactures indigenized, high-resolution, medical-grade surgical monitors
  • In-house designs for endoscopy, laparoscopy, and gastroscopy applications
  • ISO 13485 certified and CDSCO-licensed medical device manufacturer

Railways

  • Supplies indigenized display solutions supporting India's railway modernization
  • Executed projects for RTTS, DRM, PIS/PAPIS, and AFC systems
  • Deployments span locomotives, metro trains, passenger coaches, stations

Defence & Aerospace

  • Designs rugged displays and tablets for extreme climatic conditions
  • Deployed across military, naval, and airborne applications
  • Expertise in high-brightness, wide temperature operation, night vision compatibility

Manufacturing Expansion

  • Plans to set up TFT-LCD module manufacturing plant at Electronic Manufacturing Cluster, Tuem, Goa
  • Allotment offer for 5,000 sq. meters of land
  • Facility will include COG & FOG lines and Glass Cutting & Resizing line
  • Expected production capacity: Up to 8,000 small and medium-sized displays daily
  • Will cater to Industrial Automation, White Goods, Automobiles, and select Medical Devices segments
  • Includes in-house R&D centre and Endurance & Environmental Testing Lab

Strategic Alliance

  • Signed Strategic Alliance MoU with Axiom Manufacturing (USA)
  • Scope includes technical collaboration, resource sharing, and manufacturing synergy
  • Axiom will provide access to North & South American customers
  • Strengthens positioning in Defence, Aerospace and SATCOM sectors
  • Combines Axiom's PCB design expertise with Highness' manufacturing strengths

Management Overview

  • Mr. Gaurav Manjul Kejriwal - Managing Director (23+ years experience)
  • Mr. Manjul Kumar Kejriwal - Non-Executive Director (45 years experience, founder)
  • Mrs. Shruti Gaurav Kejriwal - Whole Time Director (11 years experience)
  • Four Independent Directors with expertise in law, finance, and governance

Government Incentives

  • Eligible for 25% capex subsidy under Electronics Component Manufacturing Scheme (ECMS) on minimum ₹10 Cr capital expenditure
  • Maharashtra State Government incentives include up to 100% subsidy on Fixed Capital Investment, SGST reimbursement, stamp duty exemption
  • Goa government offers 20% subsidy on electricity charges (up to ₹5 lakh per year), industrial plots at competitive rates

Market Metrics (as of 3rd June 2026)

  • Current Market Price: ₹137.70
  • 52 Week High/Low: ₹184.90/₹107.50
  • Market Capitalization: ₹71.10 crore
  • Face Value: ₹10.00
  • BSE Scrip Code: 544741 (BSE SME)

Key Ratios (FY26)

  • ROCE: 15.11%
  • ROE: 15.88%

Geographical Revenue

  • 100% domestic revenue (₹1,611.92 lakh)