Viviana Power Tech Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Construction | Market Cap: ₹738 Cr
Viviana Power Tech aims to scale its manufacturing segment revenue to INR 400-600 crores standalone by FY30. Viviana Power Tech targets consolidated revenue of over INR 900 crores for FY27 while maintaining PAT margins between 8.5% to 10%, indicating steady profitability growth.
From Viviana Power Tech Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹730
Market Cap
₹738 Cr
P/E Ratio
13.4
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📊 Revenue & Sales Performance
- →Viviana Power Tech aims to scale its manufacturing segment revenue to INR 400-600 crores standalone by FY30.
- →By FY32, power equipment division targets INR 1,000-1,200 crores segment revenue at 9-10% PAT margins.
- →FY27 guidance targets consolidated revenue of over INR 900 crores with stable PAT margins.
- →The transformer business under leadership aims INR 400-600 crores revenue by FY30.
- →Order book stands strong at over INR 1,000 crores, with significant new orders expected from active bids exceeding INR 1,500 crores.
- →Target to carry forward INR 700-800 crores orders into the next financial year.
- →BESS projects set to become operational next year, enabling access to larger tenders with higher margins.
- →Active expansion in manufacturing with new transformer capacities increasing from 2,000 MVA to 5,000 MVA by next year.
- →Real estate subsidiary (Viviana Life Spaces) aims IN₹100+ crores of commercial asset collateral by FY30, contributing rental income and supporting infrastructure growth.
📈 Profitability & Margins
- →Viviana Power Tech targets consolidated revenue of over INR 900 crores for FY27 while maintaining PAT margins between 8.5% to 10%, indicating steady profitability growth.
- →Long-term, the transformer business under leadership is expected to generate INR 400-600 crores in revenue by FY30, with stable 9%-10% PAT margins.
- →Manufacturing segment aims for standalone revenues between INR 400-600 crores by FY30 and INR 1,000-1,200 crores by FY32 with robust profitability.
- →Battery Energy Storage System (BESS) projects forthcoming, expected to improve internal rate of return (IRR) as lithium prices correct.
- →Order book remains strong at INR 1,000+ crores with active bids over INR 1,500 crores, supporting revenue visibility and growth.
- →EPS growth is implied through robust revenue scaling, margin expansion, and disciplined capital allocation driving operating leverage.
🏗️ Capital Expenditure Plans
- →**Greenfield Manufacturing Plant:** Over INR 100 crores capex for a new plant near Vadodara, funded through internal accruals and structured financing; starting next month-end with production of transformers up to 10 MVA initially.
- →**Transformer Manufacturing Expansion:**
- → - By FY26 end: type testing for transformers up to 18.5 MVA.
- → - By FY27 end: manufacture transformers up to 63 MVA, 132 kV ratings.
- → - By FY30: manufacturing capacity targeting transformers up to 500 MVA, 400 kV.
- →**BESS Projects Capex:** INR 300 crores planned (approx. INR 60 crores equity, INR 60 crores subsidy, INR 180 crores debt) with operations starting next financial year.
- →**Viviana Life Spaces:** Real estate subsidiary developing co-working, commercial, and residential assets to create debt-free hard collateral (~INR 100+ crores target by FY30), supporting working capital needs.
- →**Other Electrical Equipment:** Manufacturing reactors and furnace transformers planned beyond FY30 (approx. 3+ years away).
💰 Fundraising & Capital Structure
- →Regarding new fundraising, the company indicated they are currently working on potential plans but did not provide specific details.
- →Richi Choksi mentioned it "won't be appropriate to speak today itself" about any upcoming equity dilution or fund raise.
- →The company is managing its capital through internal accruals and structured financial arrangements, especially for manufacturing capex and ongoing projects.
- →They currently have Non-Convertible Debentures (NCDs) of INR 45 crores at 12% interest.
- →They aim to maintain a conservative debt-to-equity ratio of 1.2x to 1.5x, ensuring financial resilience without explicitly announcing new debt plans.
- →Any developments regarding fundraising will be communicated in due course to stakeholders.
📋 Order Book & Pipeline
- →Viviana Power Tech Limited has a robust order book exceeding INR 1,000 crores as of June 2026.
- →The project execution cycle ranges from 6 to 24 months; orders carried forward from FY25 were executed in FY26.
- →EPC order booking stands at around INR 540 crores, with an additional INR 240 crores expected post Letter of Intent (LOI).
- →Significant participation in ongoing bids worth more than INR 1,500 crores is expected to convert into new orders.
- →For FY27, the company targets carrying forward orders worth INR 700 to 800 crores after current order executions.
- →The company has started executing a major transformer order of 3,000 units from Gujarat utilities, with 1,900+ transformers already supplied.
- →New orders and active bidding pipeline indicate strong expected growth and order inflow in the coming years.
Key Metrics
Frequently Asked Questions
What were Viviana Power Tech Ltd Q1 FY27 results?
Viviana Power Tech aims to scale its manufacturing segment revenue to INR 400-600 crores standalone by FY30. Viviana Power Tech targets consolidated revenue of over INR 900 crores for FY27 while maintaining PAT margins between 8.5% to 10%, indicating steady profitability growth.
What is Viviana Power Tech Ltd share price analysis?
Viviana Power Tech Ltd currently shows a neutral. The stock trades at a P/E of 13.4 with a market cap of ₹738 Cr. Investors should review the full earnings analysis for detailed insights.
Is Viviana Power Tech Ltd planning capital expenditure?
Greenfield Manufacturing Plant:** Over INR 100 crores capex for a new plant near Vadodara, funded through internal accruals and structured financing; starting next month-end with production of transformers up to 10 MVA initially. - **Transformer Manufacturing Expansion:** - By FY26 end: type testing for transformers up to 18.5 MVA. - By FY27 end: manufacture transformers up to 63 MVA, 132 kV ratings. - By FY30: manufacturing capacity targeting transformers up to 500 MVA, 400 kV. - **BESS Projects Capex:** INR 300 crores planned (approx.
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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.