Power & Instrumentation (Gujarat) Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 5 Aug 2026 | Electrical Equipment | Market Cap: ₹230 Cr
Targeting 30% to 35% year-on-year growth over the next 5 years. Targeting year-on-year revenue growth of 30% to 35% over the next 5 years.
From Power & Instrumentation (Gujarat) Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹104
Market Cap
₹230 Cr
P/E Ratio
15.9
Revenue Rank
Margin Rank
How does Power & Instrumentation (Gujarat) Ltd rank in Electrical Equipment?
Compare Power & Instrumentation (Gujarat) Ltd against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
Power & Instrumentation (Gujarat) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹45 Cr, net profit ₹3 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →Targeting 30% to 35% year-on-year growth over the next 5 years.
- →Confidence in achieving this growth based on current market conditions and order book.
- →Expanding manufacturing segment (busduct and electrical products) to contribute about 20-25% of revenue within 1-2 years.
- →Order pipeline strong with INR200+ crores in bids and participation lined up; expected order book could be 1.5x to 2x FY '26 by year-end.
- →Growth driven by infrastructure spend in electrification, renewables, metros, airports, and urban development.
- →Focus on scaling through manpower expansion, technology adoption (ERP, AI), and targeting technically complex projects for better margins.
- →No equity dilution expected; funding to be managed from internal accruals and project-specific debt if needed.
- →Sustainable EBITDA margins aimed at 12-15% and net profit margins of 7-10% as scale and execution improve.
📈 Profitability & Margins
Rank 3- →Targeting year-on-year revenue growth of 30% to 35% over the next 5 years.
- →EBITDA margins expected to be sustainable around 12% to 15%, with a medium-term target of approximately 15%.
- →Net profit margins currently at ~7%, anticipated to remain stable or improve slightly to around 9%-10% in the next 1-2 years.
- →EPS likely to grow in line with revenue and margin improvements as operational efficiencies increase.
- →Focus on securing projects with better technical complexity to improve EBITDA and net margins.
- →Busduct manufacturing segment expected to start meaningful revenue contribution from Q3 FY '27, aiming for 20-25% revenue share from manufacturing in a full year.
- →Operating cash flows have turned positive in H1 FY '26, expected to continue positive in future years.
- →Overall, management confident of growth backed by strong sector tailwinds, disciplined execution, and order pipeline.
🏗️ Capital Expenditure Plans
Yes- →Specialized machinery for automation in manufacturing has already been planned and ordered, with delivery expected by late March or end of April 2026.
- →Capex executed to scale up busduct manufacturing and related electrical product lines.
- →No immediate plans for large-scale project finance or long-term debt; funding currently via internal accruals and limited project-specific bridging debt if required.
- →Focus on manpower expansion and technology adoption (ERP, project management tools, some AI usage) to support scaling and efficiency improvements.
- →The company is preparing to expand manufacturing capacity, targeting meaningful revenue contributions from busduct manufacturing by FY 26-27 Q3 and onward.
- →Emphasis on technology upgrading and manpower revamping to optimize execution and growth.
💰 Fundraising & Capital Structure
Yes- →Currently, the company plans to fund its expansion primarily through internal accruals.
- →If needed, debt may be taken on a project-to-project basis as bridge funding, rather than long-term debt.
- →There is no plan for equity dilution in FY '27.
- →Any debt raised will be limited to specific projects and managed accordingly.
- →The approach aims to avoid long-term borrowings and maintain financial prudence during growth.
📋 Order Book & Pipeline
Yes- →Current executable order book stands at approximately INR 450 crores as of February 2026.
- →Entire order book is predominantly government-backed, with only 2-3% from private sector.
- →Bid pipeline comprises about INR 200 crores+ already bid, with another INR 200-250 crores tenders expected in the coming days.
- →Target to close FY '26 with an order book at least 1.5x to 2x the current year's revenue.
- →Average project execution timelines range between 12 to 24 months, suggesting revenue conversion over the next 4 to 6 quarters.
- →Focus is on fast execution without extension and stable order booking supported by increased government infrastructure spending (an additional INR 1 lakh crores in FY '26).
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Power & Instrumentation (Gujarat) Ltd Q3 FY26 results?
Targeting 30% to 35% year-on-year growth over the next 5 years. Targeting year-on-year revenue growth of 30% to 35% over the next 5 years.
What is Power & Instrumentation (Gujarat) Ltd share price analysis?
Power & Instrumentation (Gujarat) Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 15.9 with a market cap of ₹230 Cr. Investors should review the full earnings analysis for detailed insights.
Is Power & Instrumentation (Gujarat) Ltd planning capital expenditure?
Specialized machinery for automation in manufacturing has already been planned and ordered, with delivery expected by late March or end of April 2026.
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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.