Inflame Applian. Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Consumer Durables | Market Cap: ₹164 Cr

Targeting 50% growth in sales revenue for FY27, continuing month-on-month improvements. Targeting 50% revenue growth for FY27, with a revenue aim of INR400+ crores by FY28.

From Inflame Applian.'s Q4 FY26 earnings-call transcript · updated 25 Aug 2026.

Price

242

Market Cap

₹164 Cr

P/E Ratio

28.5

Revenue Rank

Rank 1

Margin Rank

Rank 3

How does Inflame Applian. rank in Consumer Durables?

Compare Inflame Applian. against every Consumer Durables company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 1Margin: Rank 3
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📊 Revenue & Sales Performance

Rank 1
  • Targeting 50% growth in sales revenue for FY27, continuing month-on-month improvements.
  • Expect to achieve INR 400 crores+ revenue by FY28 with ramped-up product lines and completed facility expansion.
  • Projected revenue to reach around INR 500 crores in FY28 or FY29.
  • Target of producing 4 lakh chimneys in FY27, up from 2.7 lakh in the previous year, aligning with 50% growth.
  • Gradual ramp-up in manufacturing capacity, especially for built-in refrigerators, wine coolers, ovens, dishwashers, and microwaves by 2027.
  • Increased focus on import substitution, particularly in BLDC motors and electronics, to improve margins and control.
  • Continued market demand recovery expected, supporting sustainable volume and revenue growth.

📈 Profitability & Margins

Rank 3
  • Targeting 50% revenue growth for FY27, with a revenue aim of INR400+ crores by FY28.
  • Projected to reach INR500 crores revenue around FY28-FY29 with new product lines and capacity expansions.
  • EBITDA margins expected to increase with volume growth and operational efficiencies despite raw material cost pressures.
  • Margin pressures from raw materials are to be offset by cost efficiency initiatives (AI inspection systems, process improvements).
  • Earnings per share (EPS) grew by 85% in the previous year; further improvement expected with revenue growth.
  • Expansion of BLDC product share to 80% by end of FY26, supporting margins and import substitution efforts.
  • Operating profits and margins anticipated to improve with reduced dependency on imports and better supply chain management.
  • Overall, management is optimistic about sustainable profit and earnings growth driven by increased capacity, new products, and efficiency gains.

🏗️ Capital Expenditure Plans

Yes
  • Panchkula Plant Expansion:
  • - INR 8-10 crore capex underway.
  • - One part of the plant completed and operational.
  • - Ground floor to be utilized imminently.
  • - First and second floors under construction, expected ready by mid-August and end-September 2026 respectively.
  • Glass Plant Automation:
  • - Plan for a zero-manpower glass plant with 250% production increase post INR 250-300 crore investment.
  • - Discussions and supplier visits already conducted.
  • Joint Venture & Backward Integration:
  • - Inflame holds 34% in Tricoree Machmatrix Pvt. Ltd.
  • - Focus on electronics, IoT-enabled products, BLDC motor manufacturing.
  • - Setup for backward integration to reduce dependency on Chinese imports.
  • - First phase: BLDC motors.
  • - Second phase: electronics (PCBA, switches).
  • - Future: IoT-enabled smart control solutions.
  • Automation Initiatives:
  • - AI-based visual inspection systems for quality control are being implemented to improve efficiency and reduce manpower costs.

💰 Fundraising & Capital Structure

No information
  • There is no immediate confirmation of new fundraising through equity or debt during the call.
  • When asked about increasing equity to move to the Main Board, the management indicated these are forward-looking questions and did not provide a direct answer.
  • They mentioned plans to possibly consider promoters raising their stake after Diwali, suggesting potential equity infusion could be considered in the near future.
  • No concrete plans for debt raising were discussed in the transcript.
  • The primary focus appears to be on organic growth, capacity enhancement, and backward integration through a joint venture for manufacturing BLDC motors and electronics.
  • Any decision on fundraising will be addressed at the "right time" as per management’s comments.

📋 Order Book & Pipeline

Yes
  • Orders are typically firm only for one month; longer-term firm orders (2-3 months) are not common.
  • The company closely tracks expected monthly orders from key customers like Hindware, Havells, and KAFF based on market share and demand.
  • Currently, the company has a comfortable order position with more orders than the planned growth rate.
  • Unexecuted orders occur due to component delays or shipping issues but are generally managed efficiently.
  • The order book is healthy, with a good outlook for the next 2-3 months.
  • Recent months have shown growth trending positively with month-on-month improvement.
  • The company expects sustained increased demand, targeting 40-50% growth.
  • Despite geopolitical uncertainties, key customers have resumed strong ordering patterns.

Key Metrics

Revenue

Rank 1

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

Yes

Frequently Asked Questions

What were Inflame Applian. Q4 FY26 results?

Targeting 50% growth in sales revenue for FY27, continuing month-on-month improvements. Targeting 50% revenue growth for FY27, with a revenue aim of INR400+ crores by FY28.

What is Inflame Applian. share price analysis?

Inflame Applian. currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 28.5 with a market cap of ₹164 Cr. Investors should review the full earnings analysis for detailed insights.

Is Inflame Applian. planning capital expenditure?

Panchkula Plant Expansion: - INR 8-10 crore capex underway. - One part of the plant completed and operational. - Ground floor to be utilized imminently. - First and second floors under construction, expected ready by mid-August and end-September 2026 respectively. - Glass Plant Automation: - Plan for a zero-manpower glass plant with 250% production increase post INR 250-300 crore investment. - Discussions and supplier visits already conducted. - Joint Venture & Backward Integration: - Inflame holds 34% in Tricoree Machmatrix Pvt.

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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.

What Inflame Applian.'s management said in earlier quarters

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