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Shilchar Technologies Ltd

Q2 FY26Electrical Equipment

Shilchar Technologies Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹3,883
Market cap₹5.1K Cr
P/E32.4
Updated23 Aug 2026
Read4 min read

The short version

FY '26 revenue target: INR 750 crores with an order book expected to reach around INR 750 crores by year-end. FY '26 revenue target is INR 750 crores with strong order book and ongoing negotiations supporting this guidance.

From Shilchar Technologies Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • FY '26 revenue target: INR 750 crores with an order book expected to reach around INR 750 crores by year-end.
  • Capacity utilization projected at 90-95% for FY '26.
  • FY '27 growth: Expected 10-20% increase in revenue (targeting INR 800-850 crores), despite no new capacity before April 2027.
  • New capacity expansion (6,500 MVA, 220 kV transformers) to be operational by April 2027, enabling revenue potential up to INR 1,400-1,500 crores at full utilization.
  • Demand remains strong in domestic (solar/wind energy focus) and export markets (notably the US with ~12-15% export share).

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Profitability & Margins

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Capital Expenditure Plans

  • Shilchar Technologies announced a significant capacity expansion project at Gavasad.
  • The expansion adds 6,500 MVA capacity, bringing total capacity to 14,000 MVA by April 2027.
  • This brownfield expansion includes manufacturing up to 100 MVA, 220 kV class transformers.
  • The capital outlay for this expansion is approximately INR 90 crores.
  • The project is fully funded through internal accruals, with no current plans for acquisitions.
  • The new facility is expected to start manufacturing in April 2027.
  • Targeted utilization for the new capacity in FY 28 is around 60%-70%.

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 1
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • Current order book stands at INR 300 crores as of October 18, 2025.
  • Domestic orders constitute approximately INR 175 crores, and exports account for INR 125 crores of this.
  • For the full fiscal year 2025-26, the company targets achieving an order intake/order pipeline of INR 750 crores to INR 800 crores.
  • In the first half of FY '26, orders worth INR 330 crores were booked.
  • The company aims to book an additional INR 400 crores in the first two quarters of FY '27.
  • Ongoing negotiations with customers are expected to help achieve the INR 750 crore target in FY '26.

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Shilchar Technologies Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹152 Cr, net profit ₹28 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Shilchar Technologies Ltd Q2 FY26 results?

FY '26 revenue target: INR 750 crores with an order book expected to reach around INR 750 crores by year-end. FY '26 revenue target is INR 750 crores with strong order book and ongoing negotiations supporting this guidance.

What is Shilchar Technologies Ltd share price analysis?

Shilchar Technologies Ltd currently shows a neutral. The stock trades at a P/E of 32.4 with a market cap of ₹5,126 Cr. Investors should review the full earnings analysis for detailed insights.

Is Shilchar Technologies Ltd planning capital expenditure?

Shilchar Technologies announced a significant capacity expansion project at Gavasad.

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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.