Parth Electricals & Engineering Limited reported its audited standalone financial results for the year ended 31st March 2026, demonstrating significant growth in profitability and operational scale. The company's net profit for the fiscal year rose by 41% to ₹14.24 Cr, compared to ₹10.12 Cr in the previous year. Revenue from operations increased to ₹198.00 Cr from ₹174.67 Cr, driven by robust business activities in the electric switchgear equipment segment. Management stated during an investor call that the company expects to maintain a revenue growth rate of 25% to 30% over the next three to five years, supported by new manufacturing facilities and a strong order book.

Financial Performance Overview

The board approved the financial results during a meeting held on 14th May 2026. The profit before tax for the year stood at ₹19.12 Cr, up from ₹13.56 Cr in FY25. Basic earnings per share (EPS) improved to ₹11.35 from ₹10.27 in the previous year. The company's total income for the year reached ₹200.95 Cr. The EBITDA margin for FY26 grew by 140 basis points to 7.19%, while the EBITDA margin improved to 10.53%. The four-year CAGR for revenue is 45%, EBITDA 69%, and PAT 80%.

Balance Sheet and Cash Flows

The company's balance sheet size expanded significantly, with total assets increasing to ₹187.76 Cr as of 31st March 2026, up from ₹106.76 Cr in the previous year. This growth was supported by a successful Initial Public Offering (IPO) during the year, which raised ₹62.00 crore. Shareholders' funds strengthened to ₹111.45 Cr, primarily due to the increase in share capital and reserves & surplus. Cash and cash equivalents improved substantially to ₹43.59 Cr from ₹27.37 Cr at the end of the previous year.

IPO Proceeds Utilization

Out of the total ₹62.00 crore raised through the IPO, ₹37.68 crore has been utilized towards the objects specified in the prospectus, while ₹24.31 crore remains unutilized as of 31st March 2026. A significant portion of the unutilized funds, amounting to ₹23.29 crore, has been invested in fixed deposits. The funds have been deployed towards establishing manufacturing facilities in Gujarat and Odisha, as well as the repayment of short-term borrowings.

Expansion and Capacity Additions

The company is advancing its capital expenditure plans to shorten the timeline for the Odisha facility. Instead of waiting for land allotment and construction, the company has entered into a long-term rental agreement for a facility in Khordha, Odisha. This strategy is expected to cut the timeline from May 2027 to October 2026, allowing the company to contribute to the Eastern India market eight to nine months earlier. The GIS manufacturing facility in Gujarat is on track for inauguration in September 2026. Management indicated that the new GIS plant is expected to add ₹200 Cr in revenue, while the Odisha facility is expected to add ₹100 Cr, totaling an incremental capacity of ₹300 Cr.

Order Book and Future Outlook

The company maintains a strong order book of ₹271.59 Cr as of date, expected to be executed during FY27 and partly in H1FY28. The order book includes Manufacturing & Supply at ₹110.46 Cr, EPC at ₹144.57 Cr, and Services at ₹16.57 Cr. Key recent wins include an ₹84 Cr order from PGVCL for the RDSS project and a ₹45.4 Cr order for a compact substation for Reliance Data Center's AI factory in Jamnagar. The company is also expanding its export footprint, having dispatched products to the USA, Zambia, Bhutan, and Nepal, with export revenues reaching ₹31 Cr in FY26.

Parth Electricals & Engineering Limited has announced that it will host an investor meet and inaugurate a Skill Development Centre on May 26, 2026. The event is scheduled to take place at the company's facility located in Manjusar, Vadodara.

The inauguration of the Skill Development Centre reflects the company's long-term commitment towards building a stronger, more skilled workforce. Management indicated that this initiative aligns with its stated focus on in-house capability building and technical training. The company believes that establishing this centre will enhance its ability to build a future-ready organization and contribute to the development of skilled human capital.

Officials of parth electricals & engineering will participate in the Investors’ Meet, which will be conducted in person. The company clarified that no unpublished price sensitive information is proposed to be shared by officials during the interaction. The schedule for the event remains subject to change due to exigencies.

Event Details