Top Tweets for #Parthelectricals
#SME #PARTH #ParthElectricals #ParthElectricalsEngineering
Parth Electricals & Engineering H1 FY27 Concall Highlights:
👉H1 FY27 & Future Outlook :
▫️H1 FY27 results: total income ₹116.40 Cr (+43.5% YoY); revenue from operations ₹114.19 Cr (+42% YoY)
💠EBITDA ₹14.88 Cr (+42.4% YoY), margin 12.78%
💠PAT ₹9.10 Cr (+49.2% YoY) vs ₹6.10 Cr; PAT margin 7.82%
💠Other income ₹2.21 Cr
▫️Margin drivers: Gross margin up 444 bps to 33.25% on better mix and lower material cost share
💠Employee cost flat at ₹6.97 Cr
💠Other expenses ₹16.84 Cr vs ₹5.79 Cr, mainly sub-contracting at ₹11.94 Cr vs ₹2.61 Cr, as service and EPC revenue grew faster
💠EBITDA margin stayed at 12.78%
▫️Growth outlook: Minimum 30%+ revenue CAGR over the medium term; 30-40% CAGR over the next two years
💠Immediate mid-term revenue target of almost ₹500 Cr
💠Order book and ₹300 Cr+ pipeline give revenue visibility for next financial year
▫️Margin outlook: EBITDA margin target of 12% to 15%
💠PAT margin to improve ~100 bps every year, from ~8% to 10-11% over the next 2-3 years
💠PAT margin could reach 12% with the right product and service mix
💠Drivers: GIS and other technology-driven products, exports, engineering consultancy services
▫️Product vs EPC mix: focus is on manufacturing and technology-driven products
💠EPC orders were taken to push RMUs and compact substations
💠Existing EPC orders get executed over the next 12 months; going ahead supply orders will dominate
💠Value-added EPCs such as GIS substations to continue; these are targeted at more than 10% PAT
▫️Client mix: more focus on direct B2B / industrial projects
💠Payments come mostly within 30 days, including advances
💠In utility PSU projects, bank guarantees block funds, and payment is ~70-80% against supply in 30-45 days, followed by installation and handover
▫️Working capital: operating cash flow was -₹6.45 Cr as ₹16.67 Cr went into working capital
💠Inventory built in September for the Reliance data centre project (execution October-December)
💠September billing of ₹25.63 Cr, the highest month, is collectible by 15 November
💠Cash conversion cycle 92 days; expected to come down in H2
💠Operating cash flow targeted to turn positive before the year ends
👉Order book / projects and pipeline:
▫️Order book: ₹470 Cr, to be executed over the next 12-15 months
💠Manufacturing ₹228.67 Cr (48.7%)
💠Service ₹120.79 Cr (25.7%)
💠EPC ₹120.14 Cr (25.6%)
💠Bid pipeline above ₹300 Cr
▫️Order book details:
💠Manufacturing: 2000+ RMUs, 100+ compact / package substations, 100+ MV switchgear panels (11kV), 200+ earth link boxes
💠Kandla Port 66kV/11kV GIS substation project ₹48 Cr
💠66kV underground cable projects for GETCO (EPC and ARC services) ₹135 Cr
💠11kV RDSS project for PGVCL and DGVCL, including RMUs and compact substations
▫️Karachiya, Vadodara GIS plant:
💠Facility complete; inauguration this month (November 2026), date to be announced to the exchange
💠Initial range: 11kV, 22kV and 33kV GIS plus 33kV RMU
💠Can add ₹150 Cr of sales revenue
💠Final type testing of 33kV GIS and RMU in progress (50% complete)
💠Quoting to private industries and renewable players; bidding for utility and industrial tenders in the coming weeks
▫️Khordha, Odisha:
💠First rental unit operational; initial orders under execution; state utility approvals in process
💠Second unit of 60,000 sq ft under construction; completion by March 2027, fully operational by June 2027
💠RMUs for Tata Power planned for execution from Odisha (trial assembly and testing in progress)
💠Peak product revenue of ~₹100 Cr from Odisha when fully operational
▫️Capex:
💠₹19.77 Cr in H1 FY27; cumulative ₹28.43 Cr (Karachiya ₹21.79 Cr, Khordha ₹6.64 Cr)
💠Funded; no additional fundraise planned for the immediate year
💠Expansion of GIS to high voltage (66kV, 132kV, 220kV) planned from H2 FY28 or later, with possible fundraise then
▫️Peak product revenue potential:
💠Existing facility ₹150 Cr + new facility ₹150 Cr = ₹300 Cr
💠With Odisha, ₹400-450 Cr
💠Baroda alone ₹300-350 Cr
▫️Data centre (Vertiv Energy, Reliance Jio AI Factory, Jamnagar):
💠Order value ₹47.6 Cr including ₹1.6 Cr amendment; MV block for 80 MW
💠Delivery on time; completion by December 2026
💠Targeting at least 10% PAT on this project
💠MV block has ~50% value addition from Parth
💠Parth is executing ahead of Schneider on the parallel Reliance project
💠Addressable ₹150 Cr for 80 MW (~₹2 Cr per MW)
💠India data centre capacity expected to go from 1.5 GW to 6.5 GW, a ~₹10,000 Cr addressable market for Parth
▫️USA exports:
💠iMCC project 100% executed; all payments realised
💠Extra work done on the project is awaiting order amendment; benefit expected in H2
💠New order of $0.45 Mn for UL-certified medium voltage switchgear; delivery by January-February 2027
💠First US project closed at 6-7% PAT; US projects now targeted at 12-15% PAT
💠AKJ (US entity) to be the front-end sales company for Parth UL products
▫️South Korea:
💠First trial order for 33kV RMU for a green hydrogen facility (KraftPower), delivery in November
💠First order from the new product line
▫️Takalkar Power Engineers & Consultants acquisition:
💠100% stake for ₹6.00 Cr, all cash: ₹4.98 Cr upfront, ₹1.02 Cr deferred
💠Board approval on 29 October 2026; completion expected within ~1 month, subject to exchange approval
💠Engineering design and advisory for networks from 11kV up to 765kV
💠FY26 turnover ₹6.04 Cr (FY25: ₹4.13 Cr); net worth ₹2.47 Cr
💠Rationale: HV and EHV design depth, GIS development up to 220kV, cross-selling, new geographies
▫️Skill Development Centre:
💠Fully functional; first batch of 25 engineers and technicians training for Odisha
💠Second batch of 30 recruited for Vadodara GIS plant
💠50 more engineers and technicians to be recruited over the next six months
👉Q&A :
▫️AIS panels:
💠Schneider has allowed Parth to sell directly in the market
💠Own AIS panel with Schneider vacuum circuit breaker is under type testing; bidding has started
💠After testing, private utilities such as Tata Power, Torrent and Adani are targeted
💠The 100+ MV panels under execution are Schneider white-labelling work; own-brand growth possible from H2
▫️Data centre margins:
💠Margins expected to be better than other industries
💠Customers prioritise quality and after-sales service, with service level agreements expected
💠Parth positions itself in the first tier with Schneider and ABB
▫️Aspiration:
💠Be among the top four in engineering design and technology-driven solutions
💠In products, aim to be above CG
💠With high voltage GIS, compete with Hyosung, Toshiba, Siemens, Hitachi, GE and BHEL
▫️MV block for data centre:
💠33kV switchgear was sourced from another manufacturer for this project
💠Parth's own 22kV / 33kV switchgear and LV switchgear can be pushed in future projects
💠Transformers are a bought-out item
▫️Funding for growth:
💠ICICI Bank sanctioned an additional ₹50 Cr facility; ₹20-30 Cr available from October
💠Canara Bank limits expected to be renewed as additional limits with no extra collateral
💠30-40% growth to be funded from these two banks' facilities
👉 Others :
▫️Balance sheet: net worth ₹131.74 Cr; debt / equity 0.14×; no long-term debt
💠Current ratio 1.89×
💠ROE 13.8%, ROCE 18% (annualised)
▫️Cash flow and capital raised:
💠₹11.18 Cr raised in H1 FY27 through preferential issue of 3,00,000 equity shares and 1,00,000 warrants (25% upfront) at ₹344 each
💠Working capital cycle: receivable days 94, inventory days 107, payable days 109
▫️Related party (AKJ): established two years ago; its front-end sales led to the first US project
💠Components for the UL-certified project were bought via AKJ at better pricing
💠Going forward AKJ will sell Parth products in the US

🚀 Parth Electricals bags ₹85 Cr in new RMU orders!
⚡ Orders secured from Gujarat EPC contractors
📦 Total executable order book: ₹471 Cr
📅 Execution timeline: 12 months
Strong order inflows strengthen revenue visibility and execution pipeline. 📈
#ParthElectricals #PowerSector #Electricals #OrderBook
Not a buy or sell recommendation.

#ParthElectricals received ₹122 crore orders, including GETCO LOIs and a US$432,000 export order; order book at ₹425 crore.

#PARTHELECTRICALS - 2x

#PARTHELECTRICALS - SME STOCK With Good Upside Potential
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#SME #ParthElectricals #ParthElectricalsandEngineering
Parth Electricals & Engineering H2 FY26 Earnings Call Highlights
👉 FY27 & Future Outlook
▫️Revenue growth of 20–30% expected for the next 2–3 years
💠Driven by new GIS & Odisha facilities, own-brand MV AIS panels, 33 kV RMU, higher-voltage control & relay panels (up to 400 kV)
💠Focus remains on value-added manufacturing + services (not volume-driven EPC); EBITDA and PAT margins to improve by at least 100 bps per year for the next 2–3 years.
💠GIS factory (Vadodara) inauguration targeted for September 2026; Odisha rental facility fully operational by October 2026 (accelerated from original May 2027 plan via long-term lease).
💠Combined new facilities expected to add ~₹300 Cr incremental revenue at full capacity (GIS ~₹200 Cr + Odisha ~₹100 Cr).
💠Exports targeted at 20–25% of manufacturing revenue (already ~₹31 Cr in FY26)
💠Certification for LV/MV products opens high-margin US/Canada opportunities; Africa (Zambia repeat orders), Middle East, and data-centre exports also in focus.
▫️Skill Development Centre inauguration on 26 May 202 – major in-house capability build;
💠~₹6–6.5 Cr invested; will support training of own team + international clients (e.g., JESCO Zambia engineers).
👉 Current Order Book / Projects and Future Pipeline
▫️Order book of ₹271.59 Cr (as on call date) – majority executable in FY27, small portion in H1 FY28.
💠Break-up: Manufacturing & Supply ₹110.46 Cr | EPC ₹144.57 Cr | Services ₹16.57 Cr.
▫️Key wins highlighted:
💠₹84 Cr PGVCL RDSS project (EPC – heavy RMU component; builds credentials for underground MV network).
💠₹45.4 Cr Reliance AI Data Centre MV block compact substation order (Jamnagar) – first major data-centre breakthrough; execution in <6 months.
💠₹10.62 Cr JESCO (Zambia) – first trial export order for RMUs/CSS; repeat expected; customer visiting skill centre + exploring refurbishment JV.
💠₹9.23 Cr Tata Central Odisha rate-contract for 11 kV CSS (L1 after reverse auction).
💠First certified Intelligent Motor Control Centre dispatched to USA (remainder this year); follow-on quotes already submitted.
▫️Pipeline & repeat business:
💠Healthy across data centres (100% probability of repeat from Reliance/Vertiv and others)
💠Exports (US, Africa, Middle East), and domestic utilities.
💠Focus on high-margin, value-added orders only
💠EPC used strategically to push own manufactured products (RMUs, CSS, earth link boxes, etc.).
👉 Other Notable Points
▫️Working capital days improved to 73; net WC requirement reduced from ₹33 Cr to ₹17 Cr via better management and IPO fund deployment.
💠Inventory deliberately built to hedge raw-material volatility (steel, copper, aluminium, gas) – no major margin hit expected on existing orders.
▫️Capex & IPO utilisation: ₹62 Cr raised (pre-IPO + IPO); ₹20 Cr allocated to GIS factory (Vadodara), ₹19 Cr to Odisha unit
💠Balance used for WC repayment and general corporate purposes.
💠Savings from accelerated Odisha rental model to be deployed for further expansion post-board approval.
▫️US entity: MD is co-founder with local partners; used for market access, after-sales service, and component sourcing.
💠Not yet a subsidiary but option kept open if it scales meaningfully (target 2–3 years).
💠No direct fund transfer; self-sustaining via local revenues.
▫️Competitive edge: Long-tenure core team (avg. 20+ years industry exp., 10+ years with Parth); Schneider tech tie-up; complete in-house design-manufacture-service capability; timely specialised services (even at 765 kV GIS); quality benchmarked against Siemens/ABB/CG.
▫️Raw material & contract strategy: Most industrial orders are fixed-price; utilities offer price-variation clause.
💠Existing order book largely insulated via pre-built inventory + PV clauses in EPC/cable portions.
💠Future bidding to factor in cost increases + export premium for better margins.
▫️Governance & team: Employee strength ~270; zero intent to shift core focus from manufacturing + high-value services.

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Parth Electricals & Engineering Limited (SME) H2FY26 Results:-
#H2FY26 #Stockmarket #Nifty #ParthElectricals
H2FY26 vs H2FY25
Revenue 117.61 Cr vs 104.77 Cr (+12.25% YoY)
EBITDA 11.12 Cr vs 8.67 Cr (+28.27% YoY)
EBITDA Margin 9.45% vs 8.27% YoY
PBT 10.89 Cr vs 8.04 Cr (+35.46% YoY)
PAT 8.13 Cr vs 5.99 Cr (+35.76% YoY)
Other Income 2.23 Cr vs 2.59 Cr YoY


#PARTHELECTRICALS - SME STOCK With Good Upside Potential
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#PARTHELECTRICALS - 280 to 340
Keep a watch on this counter

#PARTHELECTRICALS - SME STOCK With Good Upside Potential
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#ParthElectricals Turned out to be great investment..Real growth story in Fy27 !!
Also One such stock is LTelevators available at 10x FY27 !!
RajeshPower/Viviana inspite of heavy selling in market Holding levels.
#PARTHELECTRICALS - SME STOCK With Good Upside Potential
Base is Prepared

PARTH ELECTRICALS NEW ORDERS 🚀
Total orders ₹60 Cr across segments:
Manufacturing (Domestic) ₹24.97 Cr
Manufacturing (Export) ₹6 Cr
Services ₹27.12 Cr
EPC ₹1.91 Cr
Orders to be executed in next 2 quarters
Expected to boost revenue and business growth
#ParthElectricals #Orders #BusinessGrowth #Manufacturing #Engineering #Q2Updates
#ParthElectricals has posted decent set of numbers👍
Parth Electricals & Engineering Limited approved the financial results for the period ending September 30, 2025.
YoY H1FY26 vs H1FY25
🟩 Revenue Up 15% At ₹80.40 Cr Vs ₹69.90 Cr
🟩 Tot. Rev Up 15% At ₹81.11 Cr Vs ₹70.35 Cr
🟩 Expenses Up 12% At ₹72.88 Cr Vs ₹64.83 Cr
🟩 PBT Up 49% At ₹8.23 Cr Vs ₹5.52 Cr
🟩 PAT Up 48% At ₹6.10 Cr Vs ₹4.12 Cr
🟩 Net Profit Up 48% At ₹6.10 Cr Vs ₹4.12 Cr
🟩 EPS (Basic) Up 27% At ₹5.39 Vs ₹4.25
🟩 EPS (Diluted) Up 27% At ₹5.39 Vs ₹4.25
Parth Electricals & Engineering Limited H1 FY26 Results:-
(SME)
H1' 26 vs H1' 25
Revenue 80.40 Cr vs 69.90 Cr (+15.02% YoY)
PAT 6.10 Cr vs 4.12 Cr (+47.97% YoY )
#H1FY26 #stockmarket #nifty
#parthelectricals

Everyday this week, volume got sucked in hard during the last minutes of trading in #parth smart hands quietly accumulating? This could be a massive setup! 👀🔥
#ParthElectricals #VolumeSpike #SMEStocks #MarketBuzz

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