Industrials
Rmc Switchgears Limited (RMC) Secures ₹344.10 Crore in Fresh Orders
RMC Switchgears Limited secures ₹344.10 crore in fresh orders, led by a ₹333.80 crore mandate from PGVCL Jaipur.
RMC Switchgears Limited (RMC) is experiencing a surge in order inflows, securing fresh orders aggregating ₹344.10 crore. The largest of these is a set of 12 Letters of Acceptance (LOA) from Paschim Gujarat Vij Company Limited (PGVCL) worth ₹333.80 crore. These LOAs cover turnkey contracts for the conversion of existing 11 kV HT and LT overhead networks into an underground cable network with a Ring Main System.
Key Order Details
The PGVCL packages are spread across four circles, with the Bhavnagar Circle receiving the highest number of packages totaling ₹251.21 crore. The remaining circles include Jamnagar, Anjar, and Junagadh, with respective values of ₹35.98 crore, ₹28.26 crore, and ₹18.36 crore. These orders are expected to be executed over periods ranging from 12 to 18 months.
Additional Orders
In addition to the PGVCL mandate, RMC has received orders from Genus Power Infrastructures Limited worth ₹5.02 crore for UND S_Panel mounting structures and from Jaipur Vidyut Vitran Nigam Limited worth ₹2.84 crore for 100 Amp. L.T. Distribution Kiosks. Furthermore, a Letter of Intent from Southern Power Distribution Company of Telangana Limited worth ₹2.44 crore for LT Distribution Boxes has been received. These additional orders are scheduled to be executed over six months and 12 months respectively.
With these new awards, RMC’s unexecuted order book now stands at approximately ₹1188 crore. These orders are expected to contribute positively to the company’s revenue and growth prospects. Notably, none of these orders involve related party transactions.
Commenting on the development, Mr. Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, stated: “We are seeing encouraging traction in order inflows, and orders aggregating ₹344.10 crore reflect the confidence our utility customers continue to place in RMC. The mandate from PGVCL is a turnkey engagement that draws on the full breadth of our capabilities, from survey and design through to installation, testing, and commissioning. Our focus now turns to disciplined execution. We will continue to keep our shareholders and the market informed of material developments as they arise.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of RMC Switchgears Limited
RMC Switchgears Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
RMC falls 26.9% over three months and has not found a floor yet. The PEG of 0.59 signals undervaluation relative to growth. It is a potential re-rating candidate. Thin margins at 5.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock gains 11.7% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The stock rises -26.9% in three months on 47.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of RMC Switchgears Limited.
Industrials
Ksb Limited (ksb): Major Projects and Export Orders Drive Q3 FY 2026 Growth
Ksb Limited (KSB) sees 18.95% YoY sales growth in Q3 FY 2026, driven by major projects and export orders.
Ksb Limited (KSB) reported significant business growth in Q3 FY 2026, driven by major projects and export orders. The company’s quarterly sales reached INR 772.70 crore, reflecting an 18.95% year-on-year growth over the corresponding quarter last year. This robust performance underscores KSB’s strong positioning across various sectors.
Major Project Orders
KSB secured notable orders for multiple projects in the refinery and fertilizers sectors. Orders from Dangote for the upcoming fertilizer project and from ONGC for replacement pumps highlight the company’s diverse project portfolio. Additionally, a major order was received for the Kaiga Nuclear Power Plant Units 5 & 6, further bolstering the company’s nuclear project segment.
Export Orders
In the energy sector, KSB received orders for boiler feed pumps and condensate extraction pumps from various OEMs and contractors across both domestic and export markets. The company also secured valve orders for the NPP Recovery Boiler Project, Andritz Technologies, BPCL Bina Refinery, and major OEMs, demonstrating its strong presence in the energy sector.
Financial Performance
Sales for the first nine months of 2026 amounted to INR 2,064.70 crore, representing an 8.00% increase compared with the same period in the previous year. Despite margins under pressure, KSB continues to focus on operational efficiency and cost discipline. The recent orders in the energy sector support a positive business outlook for the company.
Mr. Prashant Kumar, Vice President – Sales and Marketing, KSB Limited, emphasized the diverse mix of orders secured this quarter, highlighting the company’s strong positioning across various industries. Mr. Mahesh Bhave, Chief Financial Officer, noted the positive business momentum and continued sales growth during the first nine months of 2026.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Ksb Limited
Ksb Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Ksb falls 13.7% over three months and has not found a floor yet. The PEG reaches 3.95. The stock trades on brand and index weight, not on growth. Thin margins at 9.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Buyers show up with 4.1x the volume of sellers. Moreover, they dominated on 15 of recent sessions versus 14 for sellers — a healthy accumulation pattern. Revenue grows at 14.0% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Ksb Limited.
GALAPREC
Gala Precision Engineering Limited (galaprec) Q2 FY27: Revenue Up 31%, PAT Surges 26%
Gala Precision Engineering Limited (GALAPREC) reports Q2 FY27 results with revenue up 31% and PAT surging 26%.
Gala Precision Engineering Limited (NSE: GALAPREC) has announced its financial results for Q2 FY27, showcasing a robust performance with significant growth across key metrics. The company reported a 31.2% year-on-year increase in revenue from operations, reaching INR 937 million. The Profit After Tax (PAT) surged by 26.2% to INR 106 million, reflecting strong operational efficiency and strategic growth initiatives.
Operational Highlights
Several operational highlights contributed to this impressive performance. The order booking in Q2 FY27 increased by 44% year-on-year, crossing INR 100 crore for the first time in a quarter. Additionally, the company received global approvals for its Gallock product for critical applications in railway safety, offshore wind, and mining equipment. New product developments in emerging technologies, including offshore wind, electrolyzers, and railway safety, have opened up a strong development pipeline with an estimated annual customer potential of INR 100 crore.
Financial Performance
The financial performance for H1 FY27 also reflects the company’s strong trajectory. Revenue from operations grew by 25.7% year-on-year to INR 1,691 million. The EBITDA margin improved by 110 basis points to 16.56%, and the PAT increased by 25.5% to INR 187 million. The EBITDA surged by 34.6% to INR 280 million, underscoring the company’s operational excellence and market demand.
As Gala Precision Engineering Limited continues to expand its manufacturing capabilities and market presence, it remains well-positioned for sustained growth and innovation in the precision engineering sector.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Gala Precision Engineering Limited
Gala Precision Engineering Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Gala falls 9.2% over three months and has not found a floor yet. The PEG of 2.79 makes it expensive versus peers. The premium needs earnings to catch up quickly. The business compounds revenue at 24.4% and profits at 13.6% CAGR. That is strong double-digit growth on both counts. The stock gains 7.3% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The stock rises -9.2% in three months on 24.4% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Gala Precision Engineering Limited.
Industrials
Jnk India Limited Q2 & H1fy27 Results: Investor Presentation Highlights Engineering Excellence
JNK India Limited presents Q2 & H1FY27 results with 31.2% YoY revenue growth to Rs. 370.2 Cr, strong order book and growth guidance.
JNK India Limited (JNKINDIA) showcased its robust performance in the Q2 & H1FY27 period through an investor presentation, highlighting a 31.2% year-over-year growth in total operational revenue to Rs. 370.2 Crores. The company’s Chairperson and Whole Time Director, Mr. Arvind Kamath, emphasized the strong underlying business momentum despite temporary execution challenges during Q2. The company remains confident in its growth outlook for FY27, maintaining revenue growth guidance of 20–25% and EBITDA margin guidance of 12–14%.
Strong Order Book and Pipeline
The order book as on September 30, 2026, stands at Rs. 1,662 crores, providing a solid foundation for future execution and growth. The company has secured significant international orders, including a Rs 500 crore order for a heater package in Nigeria, and domestic orders for flares and incinerators. Additionally, the company has a robust order pipeline of Rs. 5,000 Crores, with a balanced mix of domestic and international opportunities.
Financial Highlights
The consolidated financial highlights for H1FY27 show a total operational revenue of Rs. 370.2 Crores, with a profit after tax of Rs. 22.9 Crores, marking a 61.9% year-over-year increase. The EBITDA margin improved to 12.5%, reflecting the company’s efficient operational performance. The strong order book and execution track record will further strengthen JNK India Limited’s market presence and sustain its growth trajectory over the long term.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of JNK India Limited
JNK India Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
JNK falls 13.2% over three months and has not found a floor yet. Thin margins at 8.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The PEG of 2.56 is on the high side. However, it is acceptable for a quality compounder with a strong moat. The stock gains 1.7% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 26.2% and profits at 11.9% CAGR, with D/E of 0.00. Meanwhile, the stock dips 13.2% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of JNK India Limited.
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