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Company insights, generated from the most recent coverage.
FY26 profit after tax rose 159% to ₹140.15 crore and Q1 FY27 revenue jumped 144.69% to ₹716.38 crore — growth is coming off a small base, so percentage rates overstate the durability of the trend.
FY27 EBITDA margin is flattered by a one-off inventory gain; management guides underlying margin to just 7.5–8%. Valuation built on reported margin overstates true earning power.
Working capital days have stretched from 46 to roughly 90 — inventory and receivables are absorbing cash much faster than sales are growing, a quality-of-growth warning at this stage of the ramp-up.