IIT Bombay Students Build DIY Chip-Making Lab in 10 Months
Starting in August 2025, the team built HackerFab—a lithography system, tube furnace, and plasma sputter—producing their first devices by June 2026. This open-source project addresses India's need for hands-on chip skills amid the government's ₹1.64 lakh crore Semiconductor Mission, which funds fabs but lacks trained technicians. Shared on GitHub and Discord, it invites replications to train thousands of students as the industry grows.
Cost : Rs 30 lakhs
Impact: Invaluable
🔌 JD Cables FY26 Concall Highlights
📊 Financial Performance (FY26)
▪️ Total Income: Stood at ₹365 crores, registering a strong growth of 45.67% YoY.
▪️ EBITDA Growth: Increased to ₹48.11 crores, reflecting a 40% YoY growth.
▪️ Profit After Tax (PAT): Grew to ₹31.72 crores, a robust increase of 44% YoY.
▪️ H2 FY26 Performance: Total income for the second half was ₹243 crores (70% YoY growth), with PAT at ₹19 crores (69% YoY growth).
▪️ Margin Fluctuation: EBITDA margin declined from 16% in H1 to ~12% in H2, attributed to volume discounts and higher raw material prices.
📈 Operational Highlights
▪️ Strong Order Book: Maintained a robust order book of approximately ₹515 crores as of March 31, 2026.
▪️ Order Book Mix: The current order book comprises ~₹300 crores from the EPC segment and ~₹200 crores from cables and conductors.
▪️ Capacity Utilization: Achieved healthy utilization levels of 82.4% at Unit 1 and 84.6% at Unit 2.
▪️ Market Reach: Established a strong presence across northern, eastern, and northeastern India, serving multiple state electricity boards.
🏭 Capacity Expansion & New Products
▪️ New Facility Acquired: A new industrial facility spanning 1.18 lakh square feet was acquired to support future growth.
▪️ Expansion Timeline: The new conductor division is set to begin operations within the month, with the cable division starting in the next two months.
▪️ Future Capacity: Plans to initially double capacity, with the potential to expand it 3x to 4x within the next two years.
▪️ New Product Portfolio: Expanding into higher-margin products including MVCC, AL59 conductors, HTLS conductors, and HT cables.
▪️ Land Procurement: Actively procuring additional land adjacent to the new factory for further expansion.
🏗️ EPC Business Segment
▪️ Strategic Diversification: Entered the infrastructure EPC segment, currently executing a national highway development project.
▪️ FY26 EPC Revenue: The company booked ₹30 crores from the EPC business in FY26.
▪️ FY27 EPC Target: Aims to book a minimum of ₹200 crores in revenue from the EPC segment in FY27.
▪️ EPC Margins: The company is operating at an estimated 8% PAT margin (or ~12-13% EBITDA margin) in the EPC business.
▪️ Working Capital Impact: The EPC projects have led to an increase in the working capital cycle due to funds being tied up in project execution.
🎯 Guidance & Future Outlook
▪️ Revenue Guidance: The management is targeting a significant revenue growth of 50-60% for FY27.
▪️ Margin Outlook: Expects to maintain similar EBITDA margins of around 12-13% going forward.
▪️ Capex Plan: A capex of ₹20-30 crores is planned for FY27.
▪️ Order Book Target: Aims to increase the order book to at least ₹700-800 crores by the end of FY27.
▪️ Tender Pipeline: The company has participated in tenders worth over ₹1,000 crores across both cable and EPC segments.
▪️ Regional Opportunities: A change in the state government of West Bengal is expected to unlock significant investment and infrastructure projects.
📊 Credit : @concall_in
🚫 No Recommendation
Indians are celebrating these exceptional leaders and their achievements.
Does it reflect gaps in our ecosystem to build world-class companies from India ?
The real milestone won't be Indians running global giants.
It will be global giants being built and scaled from India.
India’s Flexi Cap AUM :- 5.65L Crore
Parag Parikh Flexi and HDFC Flexi manage 2.43L
43% of Total AUM managed by this Fund only
Extreme concentration ?
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