Parth Electricals secures Rs 106.66 crore GETCO order for 66kV cable EPC work
- Parth electricals & engineering received a Rs 106.66 crore order from Getco for supply, laying, erection, testing and commissioning of 66kV 1CX630 sqmm XLPE Cable on EPC basis in Jamnagar Circle, Rajkot Zone.
- This is the second order from Getco disclosed in Q2FY27, following the Rs 122.0 crore order announced on 29 August 2026.
- The company has now disclosed orders from domestic power transmission utilities, an international entity, and data centre solution providers across the last three fiscal quarters.
- Trailing twelve-month consolidated revenue stands at Rs 0.0 crore; standalone revenue grew +102.2% in FY25 based on annual standalone data.
- As of 02 Sep 2026, market cap stood at Rs 740.87 crore, with a Stock P/E of 50.9x and ROCE of 42.57% (FY25).
*this image is generated using AI for illustrative purposes only.
Parth Electricals & Engineering has received a confirmed order valued at Rs 106.66 crore from Getco (Gujarat Energy Transmission Corporation Limited) for 66kV XLPE cable EPC work in Jamnagar Circle, Rajkot Zone. The order has a 12-month execution period.
What Happened
Parth electricals & engineering secured a Rs 106.66 crore order from Getco for the supply, laying, erection, testing and commissioning of 66kV 1CX630 sqmm XLPE Cable with Poly AL-Poly / Aluminum corrugated construction on EPC basis for various lines in Jamnagar Circle in Rajkot Zone. The order value is inclusive of taxes. The filing was disclosed to the exchange on 1 September 2026.
This follows a Rs 122.0 crore order disclosed on 29 August 2026, which included a rate contract for 66 kV underground cable network in Jamnagar Circle from Getco and a supply of MV switchgear panels for a USA-based entity. The company has now received orders from domestic power transmission utilities, an international entity, and data centre solution providers across the last three fiscal quarters.
Order Details
| Order Date | Awarding Entity | Order Value (Rs Cr) | Classification | Scope | Duration |
|---|---|---|---|---|---|
| 31 Aug 2026 | Getco (Gujarat Energy Transmission Corporation Limited) | 106.66 | Large | Supply, Laying, Erection, Testing and Commissioning of 66kV 1CX630 sqmm XLPE Cable with Poly AL-Poly / Aluminum corrugated construction on EPC basis, Jamnagar Circle, Rajkot Zone | 12 Months |
| 29 Aug 2026 | Gujarat Energy Transmission Corporation Limited (Getco), United States of America (USA) | 122.0 | Large | Rate Contract and 66 kV underground cable network in Jamnagar Circle; Supply of MV switchgear panels | 12 Months |
| 14 May 2026 | Data Centre solution providers and developers | 45.4 | Significant | Supply of MV (Medium Voltage) Block Compact Substations for an AI Factory, Data Centre project at Jamnagar, Gujarat | Not specified |
Order in Financial Context
The Rs 106.66 crore order is classified as Large and adds to the company's disclosed order book. The total disclosed order inflow across the last three fiscal quarters, as per exchange filings, now includes three orders: Rs 122.0 crore (Q2FY27), Rs 106.66 crore (Q2FY27, current filing), and Rs 45.4 crore (Q1FY27).
The trailing twelve-month consolidated revenue stands at Rs 0.0 crore. Against this base, the book-to-bill ratio remains undefined. The standalone revenue growth rate was +102.2% in FY25, based on the annual standalone growth metrics provided.
Company Order Track Record
The table below reflects the pre-computed quarterly order summary for the last three fiscal quarters. The current filing (Rs 106.66 crore, 31 Aug 2026) falls within Q2FY27 and is disclosed separately as it was not included in the pre-computed summary.
| Quarter | Total Order Inflow (Rs Cr) | Order Count | Key Awarding Entities |
|---|---|---|---|
| Q2FY27 (Jul-Sep 2026) | 122.00 (1 orders) | Gujarat Energy Transmission Corporation Limited (GETCO), United States of America (USA) | Gujarat Energy Transmission Corporation Limited (Getco), United States of America (USA) |
| Q2FY27 (Jul-Sep 2026) | 122.00 (1 orders) | Gujarat Energy Transmission Corporation Limited (GETCO), United States of America (USA) | Getco (Gujarat Energy Transmission Corporation Limited) |
| Q1FY27 (Apr-Jun 2026) | 45.40 (1 orders) | Data Centre solution providers and developers | Data Centre solution providers and developers |
Execution and Revenue Quality
The company reports Rs 0.0 crore in revenue and net profit for the trailing twelve months on a consolidated basis, with an operating profit margin of 0.0%. Standalone revenue growth was +102.2% in FY25, +32.7% in FY24, +70.5% in FY23, and -61.9% in FY22.
| Period | Revenue (Rs Cr) | Net Profit (Rs Cr) | OPM (%) |
|---|---|---|---|
| TTM (Consolidated) | 0.0 | 0.0 | 0.0% |
Revenue Growth and Order Wins
Standalone revenue growth has shown significant variability across fiscal years, as detailed below.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Revenue Growth (%) | +102.2% | +32.7% | +70.5% | -61.9% |
| Profit Growth (%) | +119.4% | +88.3% | +257.7% | -125.3% |
Key Observations
- Order book: Three orders have been disclosed across the last three fiscal quarters, from Getco, a USA-based entity, and data centre solution providers.
- Valuation context (as of 02 Sep 2026): Stock P/E of 50.9x against ROCE of 42.57% (FY25). Market cap stood at Rs 740.87 crore as of 02 Sep 2026. These are point-in-time figures and will change.
- Promoter holding: Stood at 61.22% in Q2FY27, compared to 62.57% in Q4FY26.
- Return ratios (FY25): ROCE of 42.57% and ROE of 24.92%.
- Book value: Rs 81.54 per share; Price/Book of 6.5x as of 02 Sep 2026.
What to Watch
- Execution rate: Monitor quarterly revenue run-rate against the total disclosed order book; the 12-month execution timelines on the Getco EPC and rate contract orders are key milestones.
- OPM trajectory: Current consolidated OPM is 0.0%; watch for margin realization as orders execute.
- Client concentration: Getco now features in two separate order disclosures in Q2FY27; monitor the share of any single client in the total disclosed order book.
- Working capital: The 12-month execution cycle on large EPC orders requires sustained liquidity; balance sheet and cashflow data beyond valuation metrics are not available in the current filing.
Historical Stock Returns for Parth Electricals & Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.02% | -4.09% | +12.48% | +76.91% | +112.90% | +182.70% |
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