Danish Power Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 24 May 2026 | Electrical Equipment | Market Cap: ₹1.5K Cr
FY27 volume target: 7,000 to 8,000 MVA; FY28 volume target: over 10,000 MVA (Page 9, 10, 17). FY27 revenue expected to exceed INR700 crores with capacity ramp-up and market outlook supporting growth.
From Danish Power's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹784
Market Cap
₹1.5K Cr
P/E Ratio
21.5
Revenue Rank
Margin Rank
How does Danish Power rank in Electrical Equipment?
Compare Danish Power against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 3- →FY27 volume target: 7,000 to 8,000 MVA; FY28 volume target: over 10,000 MVA (Page 9, 10, 17).
- →Revenue guidance for FY27: more than INR 700 crores; revenue potential with current capacity around INR 900 to 1,000 crores (Page 10, 12).
- →Next 2-3 years: demand outlook remains strong despite geopolitical uncertainties; capacity expansion decision expected within 3 months, potentially increasing capacity by 80-100% (Page 11, 12).
- →Exports targeted to increase from ~8% to 15-20% of revenue in near term, supporting margin improvement (Page 10, 12).
- →New product segments like power transformers, battery energy storage system (BESS) transformers, and dry-type transformers to drive growth (Page 17).
- →Power transformer segment expected to contribute meaningfully from FY28 onwards (Page 17).
- →Continuous focus on disciplined order selection to maintain margin and profitability while scaling volumes (Page 5, 17).
📈 Profitability & Margins
Rank 3- →FY27 revenue expected to exceed INR700 crores with capacity ramp-up and market outlook supporting growth.
- →Volume growth targeted at 7,000 to 8,000 MVA for FY27, and more than 10,000 MVA for FY28.
- →Power transformer segment to contribute meaningful revenue from FY28 onwards.
- →EBITDA margin guidance remains around 19%, with focus on sustaining margins despite new product lines and geopolitical uncertainties.
- →PAT grew 26% YoY in FY26; company aims to maintain or improve profitability with prudent order selection.
- →Export revenues targeted to increase from 8% to 15-20% in FY27, potentially providing higher margins.
- →Capacity expansion with possibility to increase capacity by up to 80-100% within next 12-18 months, supporting long-term growth.
- →Overall, Danish Power adopts a conservative, phased growth approach over the next 5-7 years, focusing on margin preservation, capability building, and product expansion.
🏗️ Capital Expenditure Plans
Yes- →Fully commissioned and operational capacity expansion post-IPO, increasing transformer manufacturing capacity to ~11,000 MVA annually.
- →Backward integration initiated through subsidiary with a sheet metal fabrication facility (capex ~INR 20+ crores) expected to be commissioned in next 3-4 months, aimed at operational control and improving lead time and quality.
- →Land acquired adjacent to existing facilities for next phase of expansion, with decision on further expansion expected within next three months; potential to increase capacity by 80-100% on existing land through phased approach.
- →Focus on capacity ramp-up in power transformers (up to 100 MVA and 245 kV) with prototype development and type testing ongoing; power transformer revenues expected to contribute meaningfully from FY28.
- →Investments in building capacity and certification for rising demand in dry type transformers, especially for data centers.
- →Strategic preparedness and investments in battery energy storage system (BESS) transformer segment, expected to be a significant growth area.
💰 Fundraising & Capital Structure
No information- →As of May 11, 2026, Danish Power Limited has completed 100% utilization of its IPO proceeds as of March 31, 2026.
- →There is no mention of any current or immediate plans for new fundraising through debt or equity in the provided transcript.
- →The company appears focused on capacity expansion using existing resources and expects to decide on further expansion within the next three months.
- →The management emphasizes maintaining strong operational and financial discipline without indicating plans for raising additional capital at this time.
📋 Order Book & Pipeline
Yes- →Current executable order book is over INR 500 crores.
- →Approximately 90% of the current order book is expected to be executed within the next 6 to 9 months, mostly within this financial year.
- →Around 30% of orders in the current mix include a price variation clause; the remaining are on firm price.
- →New orders secured in the last 4 to 6 weeks are primarily firm priced.
- →Danish Power continues to receive strong inquiry inflow, especially in higher voltage transformers (132 KV and 220 KV), with good visibility for future orders.
- →The company is actively expanding into new product lines like dry-type transformers for data centers and BESS applications, contributing to order diversification.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Danish Power Q4 FY26 results?
FY27 volume target: 7,000 to 8,000 MVA; FY28 volume target: over 10,000 MVA (Page 9, 10, 17). FY27 revenue expected to exceed INR700 crores with capacity ramp-up and market outlook supporting growth.
What is Danish Power share price analysis?
Danish Power currently shows a below-average growth signal. The stock trades at a P/E of 21.5 with a market cap of ₹1,503 Cr. Investors should review the full earnings analysis for detailed insights.
Is Danish Power planning capital expenditure?
Fully commissioned and operational capacity expansion post-IPO, increasing transformer manufacturing capacity to ~11,000 MVA annually.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.