Megatherm Induction Ltd
Megatherm Induction Q2 FY26: Order Book ₹430 Cr
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #23 of 100 in Industrial Products
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Megatherm Induction Ltd Q2 FY26 key numbers
- Revenue
- Current capacity supports around ₹450-500 crore; further ₹25-30 crore CapEx planned to reach ₹950-1,000 crore.
As stated in Megatherm Induction Ltd's Q2 FY26 earnings call transcript · published 3 Aug 2026. Reported figures, not investment advice.
The short version
Megatherm aims to achieve ₹950 crore to ₹1,000 crore in revenue within 4-5 years. Megatherm targets ₹950 crores to ₹1,000 crores revenue in 4-5 years, driven by export induction products and transformer sales (₹300 crores expected from transformers).
From Megatherm Induction Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Megatherm aims to achieve ₹950 crore to ₹1,000 crore in revenue within 4-5 years.
- Current capacity supports around ₹450-500 crore; further ₹25-30 crore CapEx planned to reach ₹950-1,000 crore.
- Transformer segment targeted to contribute around ₹300 crore of total revenue.
- Major growth drivers: increased order book carryover (₹260 crore of ₹430 crore spilling into FY27), export demand, and strong domestic industrial transformer market.
- Approval and initial reference creation processes currently slow but expected to trigger exponential growth post-clearance.
- Revenue split shift: narrowing gap between domestic and export sales of induction products.
- Repeat customers form a significant portion, especially domestically; export orders roughly 50% new, 50% repeat.
2 more points from Megatherm Induction Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Current CapEx for existing capacity (induction products) is almost exhausted, with only around ₹2 crores left for machinery.
- Majority of remaining IPO funds are allocated for working capital, especially for transformer business as it is working capital intensive.
- Planned future CapEx of about ₹25-30 crores targeted for transformer capacity expansion within the next 4-5 years to reach ₹950-1000 crores revenue.
- Around ₹10 crores may be required additionally for induction capacity expansion to support export growth.
- Future CapEx to be funded through a mix of equity and debt; currently no term loans, only working capital limits in place.
2 more points from Megatherm Induction Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Megatherm Induction Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at approximately ₹430 crores.
- About ₹260 crores worth of orders are expected to be carried over to the next financial year (FY27) due to project delays caused by monsoon and other factors.
- Remaining order execution target for the current year is around ₹170 crores plus additional spares orders (~₹10 crores currently in hand).
- Roughly ₹230 crores worth of bids are in progress, with ₹100 crores expected to be finalized by December and another ₹130+ crores by March.
- Initial orders for transformers have begun, with approvals underway from major clients like Tata Power and Adani.
- Transformer orders are expected to grow as factory approvals complete.
2 more points from Megatherm Induction Ltd's call on order book
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What Megatherm Indu.'s management said in earlier quarters
Others in Industrial Products this season
- Lead Reclaim and Rubber Products Ltd (Q2 FY26)
Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim
- Shubhshree Biofuels Energy Ltd (Q2 FY26)
Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —
- De Neers Tools Ltd (Q2 FY26)
H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.
- WOL 3D India Ltd (Q2 FY26)
Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Megatherm Induction Ltd Q2 FY26 results?
Megatherm aims to achieve ₹950 crore to ₹1,000 crore in revenue within 4-5 years. Megatherm targets ₹950 crores to ₹1,000 crores revenue in 4-5 years, driven by export induction products and transformer sales (₹300 crores expected from transformers).
What is Megatherm Induction Ltd share price analysis?
Megatherm Induction Ltd currently shows a neutral. The stock trades at a P/E of 16.1 with a market cap of ₹390 Cr. Investors should review the full earnings analysis for detailed insights.
Is Megatherm Induction Ltd planning capital expenditure?
Current CapEx for existing capacity (induction products) is almost exhausted, with only around ₹2 crores left for machinery.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.