Susan Electricals India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹449 Cr
- P/E
- 17.93
- ROE
- 64.61%
- PEG
- 0.09
- Price to sales
- 1.67
- Debt to equity
- 1.73
- 52W high / low
- ₹367 / ₹181
- Sales growth (5Y)
- 40.80%
- EBITDA margin
- 11.93%
- Net profit margin
- 6.78%
- Promoter holding
- 66.97%
- Sales (last year)
- ₹269 Cr
Incorporated in 2007, Susan Electricals India Ltd. is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables.[1]
Guidance scorecard · Q1 FY27 call
What Susan Electrical's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ1 FY27 call
40%+- Strong growth momentum expected to continue supported by robust demand in the power sector.
- Revenue increased 279% YoY in Q1 FY27, indicating strong operational scaling.
- Increasing contribution from higher-value products (HT and MVCC cables), targeted to rise from ~5-10% currently to ~15%+ by year-end FY27 and potentially ~50% longer term.
- Expansion in manufacturing capacity with capex of INR 15-20 crore planned for FY27 to support volume growth.
2 more points from Susan Electrical's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Susan Electrical said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Planned capex for FY27 is approximately INR 15 crore to INR 20 crore.
- Capex primarily focused on machinery and factory expansion.
- Factory expansion expected to be commissioned by February 2027, increasing manufacturing capacity by 60% (from 7,500 Km to 12,000 Km p.a.).
- Expansion aims to support growing demand, improve manufacturing capabilities, and execute existing and upcoming orders efficiently.
- The company is exploring opportunities in sectors such as railways and defence.
2 more points from Susan Electrical's call on capex
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FundraisingQ1 FY27 call
See what Susan Electrical said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Unexecuted order book as of June 30, 2026: ₹142.39 crore (expected to be executed over the next ~3 months).
- Active order pipeline: ₹150 crore.
- Total order visibility: ₹292 crore.
- Order-book mix: Approximately 30% HT cables + MVCC, 35% LT cables & conductors, and 35% winding wires.
- Customer base split: ~50:50 between government/DISCOMs and private/EPC.
2 more points from Susan Electrical's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- 1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Susan ElectricalThis stock | 40%+ | Up 2%+ | ₹448 Cr | 17.9 |
| 2 | 40%+ | Up 2%+ | ₹413 Cr | 12.0 | |
| 3 | 40%+ | Up 2%+ | ₹324 Cr | 22.7 | |
| 4 | 40%+ | Up 0–2% | ₹1,496 Cr | 32.8 | |
| 5 | 40%+ | Up 0–2% | ₹1,079 Cr | 12.7 | |
| 6 | 40%+ | Flat | ₹827 Cr | 21.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingSusan Electrical announcements
All announcements →- Capex / expansionMajor developmentSusan Electricals reports 190% revenue growth and ₹13.15 crore PAT in H1 FY27
Financials of Susan Electrical
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Susan Electrical
Shareholding breakup across reporting periods.
| Jun 2026 | |
|---|---|
| Promoters + | 66.97% |
| FIIs + | 2.12% |
| DIIs + | 13.46% |
| Public + | 17.45% |
| No. of Shareholders | 1,247 |
Financials of Susan Electrical
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Sales + | 25.16 | 153.75 | 115.61 | 95.36 |
| Expenses + | 24.11 | 137.82 | 99.45 | 83.99 |
| Operating Profit | 1.05 | 15.93 | 16.16 | 11.37 |
| OPM % | 4.17% | 10.36% | 13.98% | 11.92% |
| Other Income + | 0.01 | 0.37 | 0.24 | 0.06 |
| Interest | 1.25 | 4.49 | 2.06 | 2.33 |
| Depreciation | 0.25 | 1.07 | 0.45 | 0.51 |
| Profit before tax | -0.44 | 10.74 | 13.89 | 8.59 |
| Tax % | -6.82% | 26.16% | 25.63% | 25.49% |
| Net Profit + | -0.42 | 7.93 | 10.32 | 6.39 |
| EPS in Rs | -0.84 | 5.09 | 6.62 | 3.14 |
Financials of Susan Electrical
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 49 | 55 | 78 | 103 | 135 | 269 |
| Expenses + | 48 | 54 | 77 | 99 | 123 | 237 |
| Operating Profit | 1 | 1 | 1 | 4 | 12 | 32 |
| OPM % | 1.8% | 2.2% | 1.7% | 3.5% | 9% | 12% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 1 | 1 | 1 | 2 | 4 | 7 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 |
| Profit before tax | 0 | 0 | 1 | 1 | 8 | 25 |
| Tax % | -33% | 11% | -3% | 31% | 28% | 26% |
| Net Profit + | 0 | 0 | 1 | 1 | 6 | 18 |
| EPS in Rs | 1.07 | 2.54 | 3.19 | 2.55 | 11.25 | 11.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Susan Electrical
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.75 | 1 | 2 | 3 | 5 | 16 |
| Reserves | 1 | 1 | 1 | 3 | 13 | 23 |
| Borrowings + | 4 | 12 | 15 | 25 | 45 | 67 |
| Other Liabilities + | 16 | 15 | 15 | 7 | 10 | 25 |
| Total Liabilities | 22 | 29 | 34 | 38 | 74 | 130 |
| Fixed Assets + | 0 | 0 | 6 | 10 | 10 | 13 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 22 | 29 | 27 | 28 | 64 | 117 |
| Total Assets | 22 | 29 | 34 | 38 | 74 | 130 |
Financials of Susan Electrical
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | 0 | 4 | -5 | -18 | -10 |
| Cash from Investing Activity + | 0 | 0 | -3 | -5 | -4 | -8 |
| Cash from Financing Activity + | 0 | 0 | -2 | 10 | 23 | 17 |
| Net Cash Flow | 0 | 0 | -0 | 0 | 1 | -0 |
| Free Cash Flow | 0 | 0 | 0 | -10 | -20 | -14 |
| CFO/OP | 0% | 0% | 340% | -144% | -150% | -20% |
Financials of Susan Electrical
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 91 | 139 | 100 | 46 | 68 | 63 |
| Inventory Days | 18 | 17 | 15 | 42 | 93 | 83 |
| Days Payable | 135 | 106 | 78 | 25 | 25 | 31 |
| Cash Conversion Cycle | -27 | 50 | 38 | 63 | 135 | 115 |
| Working Capital Days | -4 | 65 | -2 | -13 | 9 | 25 |
| ROCE % | 11% | 7% | 12% | 24% | 37% |
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What Susan Electrical's management said in earlier quarters
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