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Earnings Call

Megatherm Induction Earnings Call: Key Takeaways

Megatherm Induction Limited's H2 & FY26 call highlights incremental growth with revenue at ~₹350cr and PAT at ₹23.7cr. Strategy focuses on expanding the transformer business and scaling export markets for induction equipment.

Why this was an Alfa AlertNot a filter event. Company missed its own internal top-line expectation of ₹400cr due to war-related delays.
Highlights
Revenue growthFY26 revenue ~₹350cr; missed ₹400cr target due to geopolitical delays.
MarginsEBITDA hovers 10-12%; targeting 15% steady state as operating leverage kicks in.
Order bookTotal order book ~₹450cr, including ₹150cr export and ₹85cr transformers.
Demand visibilityStrong traction in solar/BESS transformers; stopped taking orders until October.
Management confidenceBullish on green tech tailwinds; expect EBITDA to quadruple in 5-6 years.

Growth

FY26 top line hit by war-related shipment delays; missed ₹400cr target. Spares revenue grew to ~₹70cr.

Outlook

Guided 20-25% CAGR; ₹425-450cr revenue target for FY27. Planning ₹20cr capex for a fourth manufacturing shed.

Risks

Geopolitical instability delaying Middle East exports (~₹50-60cr); elevated crude/oil prices impacting transformer material costs.

Source

Earnings Call filed with NSE, NSE: MEGATHERM. Summary written with AI assistance from the document.

Read the document ↗

Megatherm Induction Ltd: key numbers

Share price
₹244.95
Market cap
₹461.5 Cr
Revenue (annual)
₹346.2 Cr
Net profit (annual)
₹23.68 Cr
P/E (TTM)
19.5×Sector 53.6×
Promoter holding
71.85%
FII holding
0.27%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Credit Rating

Megatherm Induction Credit Rating

CRISIL Ratings has upgraded Megatherm Induction Limited's long-term rating to 'CRISIL BBB+/Stable' and short-term rating to 'CRISIL A2'. The upgrade applies to bank facilities totaling Rs. 105 Crore.

Value
₹105.0 Cr