Management Commentary

Chairman & CEO Sanjay Aggarwal stated that FY27 started on a strong note with healthy growth across both revenue and profitability compared with the corresponding period last year. The performance reflects sustained demand across key business segments, coupled with improved operating efficiencies and disciplined execution. The company continues to see encouraging opportunities across the power sector, especially transmission & distribution, data centers, renewables and infrastructure sectors, while specialized cable portfolio and international business provide additional growth avenues.

Financial Performance Overview

Revenue Trajectory (₹ Cr):

  • FY22: ₹581 Cr
  • FY23: ₹797 Cr
  • FY24: ₹1,047 Cr
  • FY25: ₹1,557 Cr
  • FY26: ₹1,912 Cr
  • 4-year Revenue CAGR: 34.7%
  • FY26 Growth: 22.8%

FY26 Snapshot:

  • Revenue: ₹1,912 Cr
  • EBITDA: ₹118 Cr
  • PAT: ₹60 Cr
  • Net worth: ₹778 Cr
  • Debt/Equity: 0.15x

Q1 FY27 Performance Metrics (₹ Cr):

  • Total Income: ₹532.5 (Q4 FY26: ₹582.2, Q1 FY26: ₹468.9)
  • Operating Profit: ₹34.7 (Q4 FY26: ₹29.9, Q1 FY26: ₹15.2)
  • Operating Margin %: 6.6% (Q4 FY26: 5.2%, Q1 FY26: 3.4%)
  • EBITDA (incl. OI): ₹37.8 (Q4 FY26: ₹38.8, Q1 FY26: ₹33.2)
  • EBITDA Margin %: 7.1% (Q4 FY26: 6.7%, Q1 FY26: 7.1%)
  • PBT: ₹26.5 (Q4 FY26: ₹27.5, Q1 FY26: ₹25.7)
  • PAT: ₹19.7 (Q4 FY26: ₹20.5, Q1 FY26: ₹19.0)
  • EPS (Rs.): 0.6 (Q4 FY26: 0.7, Q1 FY26: 0.6)

Operational Scale

Product Portfolio:

  • 25+ product lines | 2,500+ SKUs
  • Power: LT/HT, Control, Cable UL Certified, Instrumentation
  • Telecom: Optical Fibre, FTTH, Jelly Filled
  • Railways: Signalling, Axle Counter, Power
  • Domestic: Building wires, Submersible, LAN, Coaxial
  • EPC/Turnkey: HTLS & OPGW, Submarine Cable Laying & Repair
  • Specialised: HTLS Conductors, MVCC, PV Solar, Fire Survival, EV Charging

Geographic Presence:

  • Pan-India distribution across 28 states/UTs including Rajasthan, Gujarat, Delhi, Uttar Pradesh, and others
  • Growing global footprint with export success in USA

Revenue Mix Q1 FY27:

  • Domestic/Export Mix: 70.7% Domestic, 29.3% Exports
  • Segment Mix: Not quantified beyond domestic/export split

Segment Performance FY26:

  • US (Exports): ₹550 Cr (FY25: ₹483 Cr, +13.9%) - Largest LV exporter from India to US in CY2025; 8 active distributors; zero rejections over 6 years
  • India Institutional + Govt.: ₹1,183 Cr (FY25: ₹912 Cr, +29.7%) - B2B Institutional +37.3% to ₹1,001 Cr; B2G stable at ₹182 Cr (10% of sales)
  • India B2C: ₹179 Cr (FY25: ₹162 Cr, +10.6%) - 250+ channel partners, 600+ retail outlets, 10,000+ registered electricians

Balance Sheet Position (FY26 vs FY25)

Equity & Liabilities (₹ Cr):

  • Equity Share Capital: ₹61 (FY25: ₹61)
  • Other Equity: ₹717 (FY25: ₹656)
  • Total Shareholders' Funds: ₹778 (FY25: ₹717)
  • Long-Term Borrowings: ₹2 (FY25: ₹2)
  • Short-Term Borrowings: ₹114 (FY25: ₹22)
  • Trade Payables: ₹197 (FY25: ₹136)
  • Total Equity & Liabilities: ₹1,129 (FY25: ₹903)

Assets (₹ Cr):

  • Property, Plant & Equipment: ₹228 (FY25: ₹185)
  • Right of Use + Other Non-CA: ₹89 (FY25: ₹93)
  • Total Non-Current Assets: ₹317 (FY25: ₹278)
  • Inventories: ₹285 (FY25: ₹302)
  • Trade Receivables: ₹413 (FY25: ₹201)
  • Cash & Bank Balances: ₹33 (FY25: ₹39)
  • Total Current Assets: ₹812 (FY25: ₹625)
  • Total Assets: ₹1,129 (FY25: ₹903)

FY27 Outlook

Company outlines FY27 roadmap defining the next phase of growth, focusing on infrastructure cycle opportunities. Management remains confident about maintaining momentum through the year with healthy business pipeline and supportive underlying demand.

Key Management Team

  • Sanjay Aggarwal: Chairman & CEO - Instrumental in company's growth journey
  • Shambhu Kumar Agarwal: Chief Financial Officer - Expertise in financial planning and corporate restructuring
  • Sandeep Aggarwal: Managing Director - Provides strategic vision and leadership since 1983
  • Manmeet Singh Anand: Business Development Head - Over two decades experience in wires and cables markets
  • D.S. Muchhal: President, Operations – Dharuhera - Over four decades experience in operations
  • Punawasi Prasad Pal: Vice President – Khushkhera - Over three decades experience in operations

Market Data (as on 30th June 2026)

  • 52 Week H/L: INR 75.4 / 28.4
  • Market Capitalization: ₹2,103 Cr
  • Shares Outstanding: 30,52,09,814

Shareholding Pattern

As of June 2026 (specific percentages not provided in document)

Awards & Recognition

  • National Entrepreneurship Award 1984, GOI
  • Udyog Ratna Award 2019 (Institute of Economic Studies)
  • Corporate Excellence Award 2010 (Amity University)
  • Niryat Shree Award 2010 (FIEO)
  • Star Performer Award 2006, 2008, 2011, 2015 (EEPC India)

Forward-looking Statements Disclaimer

The presentation contains forward-looking statements concerning future business prospects and profitability, subject to risks and uncertainties including fluctuations in earnings, raw material prices, competition, economic growth, government policies, and other factors. The company does not undertake to update any forward-looking statements.