Kanohar Electricals Ltd · NSE:KANOHAR
Kanohar Electricals — H1 FY2027 Earnings Presentation
32 slides from Kanohar Electricals's earnings presentation, Nov 2, 2026
Slide 1: Intimation of Investor/Earnings Presentation to exchanges
Date: November 2, 2026 To, To, National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400 051 Mumbai- 400001 NSE Scrip Symbol: KANOHAR BSE Scrip Code: 544911 Sub: Intimation of Investor/Earnin
Slide 2: Kanohar Electricals Limited Investor Presentation Q2 & H1FY27
KANOHAR ELECTRICALS LIMITED INVESTOR PRESENTATION Q2 & H1FY27 2nd NOVEMBER 2026 1
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Kanohar Electricals Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Q2 & H1FY27 Performance
Q2 & H1FY27 Performance
Slide 5: Management Commentary
MANAGEMENT COMMENTARY “The first half of FY27 reflects the same momentum as in FY26 and Q1FY27, and we remain grateful to all our stakeholders for their continued confidence. For Q2FY27 basis, revenues grew by 112% to Rs. 208.6 Crs, while EBITDA margin came in at 35.0% and PAT margins stood at 25.8%
Slide 6: Q2 & H1FY27 Consolidated Performance
Q2 & H1FY27 CONSOLIDATED PERFORMANCE REVENUE Gross Profit & Gross Profit % EBITDA & EBITDA % PAT & PAT% 43.1% 45.8% 27.8% 35.0% 19.6% 25.8% 112% 208.6 125% 95.4 73.1 53.9 167% 180% Q2 FY27 98.2 42.3 27.4 19.3 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 43.2% 44.2% 25.8% 32.3% 18.5% 23.5%
Slide 7: H1 FY27 Revenue Mix
H1 FY27 REVENUE MIX OVERALL REVENUE MIX TRANSFORMERS BUSINESS MIX TRANSFORMERS VOLTAGE MIX 0.9% 0.1% 3.8% 0.0% 0.1% 1.2% 0.0% 1.2% 16.4% 12.2% 2.5% 8.7% 24.0% 0.0% 21.7% 25.3% 17.8% 9.5% 9.7% 21.8% 8.8% 13.1% 11.0% 4.6% 83.6% 87.8% 76.0% 62.2% 57.1% 56.0% 55.9% 52.2% 48.7% FY26 H1FY26 H1FY27 FY26 H1
Slide 8: Consolidated Orderbook as on 30th September, 2026
CONSOLIDATED ORDERBOOK AS ON 30TH SEPTMEBER, 2026 Orderbook (Rs. Crs) Orderbook - Product Split Orderbook - Client Split 7.5% 34% 2,711.2 0.0% 1.3% 10.9% 2,026.0 10.0% 2.6% 78.5% 89.1% Power Transformers Scott Transformer Government As on As on Shunt Reactors Traction Transformers Private Sector 30t
Slide 9: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Crs) Q2FY27 Q2FY26 YoY% H1FY27 H1FY26 YoY% Revenue from Operations 208.6 98.2 112.4% 345.7 165.6 108.8% Cost of Goods Sold 113.2 55.9 192.8 94.1 Gross Profit 95.4 42.3 125.4% 152.9 71.5 114.0% Gross Profit Margin 45.8% 43.1% 44.2% 43.2% Employee
Slide 10: Balance Sheet
BALANCE SHEET Assets (Rs. Crs) Sep-26 Mar-26 Equity & Liabilities (Rs. Crs) Sep-26 Mar-26 Non - Current Assets 86.8 76.8 Total Equity 738.8 372.8 Equity share capital 15.8 14.9 Property, plant and equipment 32.5 30.8 Other equity 723.0 358.0 Capital work-in-progress 16.2 14.0 Non-Current Liabilities
Slide 11: Cash Flow
CASH FLOW Particulars (INR in crores) Sep-26 Sep-25 Net Profit Before Tax 109.1 41.6 Adjustments for Non -Cash Items / Other Investment or Financial Items 5.8 3.2 Operating profit before working capital changes 114.9 44.8 Changes in working capital -56.8 -26.1 Cash generated from operations 58.1 18.
Slide 12: Company Overview
Company Overview
Slide 13: About Us
ABOUT US LEADING DOMESTIC PLAYER HIGH- GROWTH INDUSTRY SHORT-CIRCUIT TESTING 40+ Years Industry Legacy Sectors 200+ Ratings Tested Range: 132 kV to 400 kV capacities Power Transmission, Railways, 1 of 5 (500MVA 400kV) & 1 of 2 Led by 3rd Generation IIT Promoters Renewable Energy & Distribution focus
Slide 14: History and Evolution of the Company
HISTORY AND EVOLUTION OF THE COMPANY Gangol Manufacturing Entered into a sale and distribution 500 MVA, 400/220/33 kV Facility commenced agreement with an American Expanded manufacturing auto transformer tested Incorporated as “Kanohar operations; currently transformer manufacturing Entered into EPC
Slide 15: Transformers Manufacturing Business Overview
TRANSFORMERS MANUFACTURING BUSINESS OVERVIEW POWER TRANSMISSION RAILWAYS RENEWABLES DISTRIBUTION POWER TRANSFORMERS SCOTT TRANSFORMERS# TRACTION TRANSFORMERS SHUNT REACTORS DISTRIBUTION UNITS Up to 500 MVA & 400 kV 100 MVA and 220/2x55 kV 30.24 MVA and 132 kV; Up to 125 MVAR & 400 kV Up to 5.5 MVA &
Slide 16: EPC Business Overview
EPC BUSINESS OVERVIEW EPC SOLUTIONS FOR SUBSTATIONS EPC SOLUTIONS FOR TRANSMISSION LINES • Turnkey installation of air and gas insulated • Turnkey installation of transmission lines across substations • 132 kV • Bay augmentation in existing substations up to • 220 kV 400kV class • 400 kV FY26 Revenu
Slide 17: Integrated Presence Across Transformer Manufacturing & EPC
INTEGRATED PRESENCE ACROSS TRANSFORMER MANUFACTURING & EPC INTEGRATED CAPABILITIES CREATE MULTIPLE GROWTH OPPORTUNITIES 1. Access to Larger Tenders 2. Single-Window Solution Transformers EPC 3. Higher Share of Project Value 4. Broader Customer Access Integrated capabilities → Eligibility for EPC ten
Slide 18: Manufacturing Capabilities & Utilisation
MANUFACTURING CAPABILITIES & UTILISATION Manufacturing Capabilities Capacity (MVA) & Utilisation (%) 46.0% 29.7% 16.5% 19,200 19,200 15,000 Gangol, Meerut, Uttar Pradesh Rithani, Meerut, Uttar Pradesh FY24 FY25 FY26 • Established in 1997 • Established in 1983 • Capacity: Up to 500 MVA, 400 kV • Capa
Slide 19: Business Presence
BUSINESS PRESENCE Transformer and EPC business presence Customer base includes PSUs, state utilities, and private-sector across India T Transformer Business E EPC Business Others, RJ, 31.5% T E 4.0% T E T E Geography wise Revenue mix % WB, 5.5% T E (as on 30th Sep’26) GJ, 26.6% T T HR, 9.3% T T E T
Slide 20: Kanohar's Testing Track Record
KANOHAR’S TESTING TRACK RECORD 200+ Transformer ratings successfully tested In India, Short circuit testing certification is a key entry barrier and only a few transformer manufacturers have obtained short-circuit testing certification for high-voltage transformers 1 of 5 1 of 4 1 of 2 Companies^ Ma
Slide 21: Board of Directors
BOARD OF DIRECTORS Dinesh Singhal Adesh Singhal Vivek Singhal Abhishek Singhal Chairman and Managing Director Whole-time Director Whole-time Director Whole-time Director Over 40 years of experience in the Graduated from IIT Roorkee and currently Graduated from IIT Bombay, driving the Graduated from
Slide 22: Seasoned Management Team
SEASONED MANAGEMENT TEAM Shiv Kumar Kamboj Neha Ajay Kohli Mohd Azad Khan Chief Financial Officer Company Secretary and President - Marketing President - Transmission Line Compliance Officer Associate Member of the Institute of Member of the Institute of Company Over 43 years of experience in market
Slide 23: Growth Strategies
GROWTH STRATEGIES Capitalize on industry tailwinds Strengthening Our Backward Integration Capabilities Rising power demand, grid upgrades, renewables and rail electrification are driving demand for transformers Key components like tanks and radiators are already made in- house. Expanding this furthe
Slide 24: Industry Overview
Industry Overview 23
Slide 25: Industry Overview
INDUSTRY OVERVIEW The transformer market in India has been growing steadily, the market is expected to grow faster, reaching USD 6,854.2 mn, with CAGR of 6.7% during this period Power transformer Traction Transformer Scott Transformer Distribution transformer Shunt Reactor In USD Mn In USD Mn In USD
Slide 26: Historical Financials
Historical Financials
Slide 27: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS Revenue (Rs. Crs) Gross Margin (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) 23.6% 28.8% 32.5% 38.9% 9.3% 11.2% 20.7% 27.6% 5.5% 6.4% 14.5% 19.8% 653.8 254.2 180.4 129.6 450.6 146.5 93.4 303.8 65.1 276.7 71.7 79.7 28.4 31.1 16.8 17.8 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26
Slide 28: Profit & Loss Statement
PROFIT & LOSS STATEMENT Profit and Loss (Rs. Crs) FY23 FY24 FY25 FY26 CAGR Revenue from Operations 303.8 276.7 450.6 653.8 29% Cost of Goods Sold 232.1 197.0 304.1 399.6 Gross Profit 71.7 79.7 146.5 254.2 53% Gross Profit Margin 23.6% 28.8% 32.5% 38.9% Employee Cost 19.4 23.2 23.9 40.6 Other Expense
Slide 29: Balance Sheet
BALANCE SHEET Assets (Rs. Crs) Mar-23 Mar-24 Mar-25 Mar-26 Equity & Liabilities (Rs. Crs) Mar-23 Mar-24 Mar-25 Mar-26 Non - Current Assets 73.6 93.8 56.9 76.8 Total Equity 160.5 178.1 243.1 372.8 Property, plant and equipment 24.8 23.9 29.9 30.8 Equity share capital 4.0 4.0 4.0 14.9 Other equity 156
Slide 30: Cash Flow
CASH FLOW Particulars (INR in crores) Mar-23 Mar-24 Mar-25 Mar-26 Net Profit Before Tax 23.7 25.9 87.8 173.6 Adjustments for Non -Cash Items / Other Investment or Financial Items 8.6 6.1 5.6 3.9 Operating profit before working capital changes 32.2 31.9 93.4 177.5 Changes in working capital -47.6 -41
Slide 31: About – Kanohar Electricals Ltd.: Click to Watch Video
34 About – Kanohar Electricals Ltd.: Click to Watch Video 30
Slide 32: For further information, please contact
For further information, please contact CIN: U31909UP1972PLC003635 CIN: U74140MH2010PTC204285 Ms. Neha Ms. Ami Parekh / Mr. Aadesh Pardeshi Company Secretary & Compliance Officer E: [email protected] / [email protected] E: [email protected] T: +91 80824 66052 / +91 97302 95536 www.ka
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