Kanohar Electricals Ltd · NSE:KANOHAR
Kanohar Electricals — Q1 FY27 Earnings Presentation
32 slides from Kanohar Electricals's earnings presentation, Oct 6, 2026
Slide 1: Intimation of Investor Presentation to Stock Exchanges
Date: October 06, 2026 To, The Manager The Compliance Manager Listing and Compliance Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza Plot No. C/ 1 Block G, Bandra- Phiroze Jeejeebhoy Towers Kurla Complex, Bandra (East), Mumbai - Dalal Street 400051 M
Slide 2: Kanohar Electricals Limited Investor Presentation Q1 FY27
KANOHAR ELECTRICALS LIMITED INVESTOR PRESENTATION Q1 FY27 6th OCTOBER 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: Listed on NSE and BSE on 16th September 2026
Listed on NSE and BSE on 16th September 2026
Slide 5: Q1 FY27 Performance
Q1 FY27 Performance
Slide 6: Management Commentary
MANAGEMENT COMMENTARY “The listing was a milestone in our journey. We thank all stakeholders and partners including our team for their efforts. We continued the momentum of FY26 in Q1FY27. On Y-o-Y basis, we doubled our revenues, sustained high Gross margins, expanded our EBITDA and PAT margins. The
Slide 7: Q1FY27 Consolidated Performance
Q1FY27 CONSOLIDATED PERFORMANCE REVENUE Gross Profit & Gross Profit % EBITDA & EBITDA % PAT & PAT% 43.2% 41.9% 22.8% 28.3% 16.9% 19.9% 137.1 57.5 38.8 27.3 103% 97% 152% 140% 67.4 29.1 15.4 11.4 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Figures (Rs. Crs) 6
Slide 8: Q1 FY27 Revenue Mix
Q1 FY27 REVENUE MIX OVERALL REVENUE MIX TRANSFORMERS BUSINESS MIX TRANSFORMERS VOLTAGE MIX 0.9% 2.8% 0.0% 0.2% 0.1% 2.5% 16.5% 14.8% 0.0% 0.2% 11.4% 11.5% 25.3% 17.8% 3.2% 11.0% 83.5% 85.2% 70.4% 70.2% 57.1% 52.2% FY26 Q1FY27 FY26 Q1FY27 FY26 Q1FY27 Power Transformers Distribution Transformers 400 k
Slide 9: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Crs) Q1FY27 Q1FY26 YoY% FY26 Revenue from Operations 137.1 67.4 103.5% 653.8 Cost of Goods Sold 79.6 38.3 399.6 Gross Profit 57.5 29.1 97.4% 254.2 Gross Profit Margin 41.9% 43.2% 38.9% Employee Cost 9.7 7.2 40.6 Other Expenses 9.0 6.5 33.2 EBITDA
Slide 10: Consolidated Orderbook as on 30th June, 2026
CONSOLIDATED ORDERBOOK AS ON 30TH JUNE, 2026 Orderbook (Rs. Crs) Orderbook - Product Split Orderbook - Client Split 11.2% 11% 0.1% 2,026.0 1.8% 11.6% 1,818.3 13.1% 4.2% 69.6% 88.4% Power Transformers Scott Transformer Government Shunt Reactors Traction Transformers Private Sector As on 31st As on 30
Slide 11: Utilization of IPO Proceeds
UTILIZATION OF IPO PROCEEDS Estimated Estimated Proposed Fund Allocation (Rs. Crs) Amount to be funded from Net Proceeds Deployment during Deployment during Fiscal 2027 Fiscal 2028 Funding Capex Requirements i. Purchase of new machinery & equipment for Gangol Facility to increase Transformer manufac
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, T E 2.7% RJ, 14.6% T E GJ, 44.8% T E Geography wise Revenue mix % WB, 11.0% T E (as on 30th June’26) T T T T E T T T E P
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: Industry Overview
Industry Overview 22
Slide 24: 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 25: Historical Financials
Historical Financials
Slide 26: 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 27: 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 28: 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 29: 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 30: Growth Strategies
GROWTH STRATEGIES Capitalize on industry tailwinds Rising power demand, grid upgrades, renewables and rail electrification are driving demand for transformers Strengthening Our Backward Integration Capabilities Key components like tanks and radiators are already made in- house. Expanding this furthe
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: ami.parekh@sgapl.net / aadesh.pardeshi@sgapl.net E: compliance@kanohar.com T: +91 80824 66052 / +91 97302 95536 www.ka