Susan Electricals FY26 revenue surges, meets 53 analysts

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Reviewed by
Anirudha BScanX News Team
Key Highlights

Susan Electricals India Ltd presented its FY26 financial results at the 'India Inc. Unplugged' conference, reporting a revenue of ₹26,935.66 lakh and a PAT of ₹1,824.64 lakh. The EBITDA margin improved to 11.91%. Company officials met with 53 analysts and institutional investors on June 24, 2026, confirming no unpublished price-sensitive information was shared.

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Susan Electricals India Ltd disclosed its financial performance for FY26 during the 'India Inc. Unplugged' conference hosted by Phillip Capital. The company reported a revenue from operations of ₹26,935.66 lakh and a Profit After Tax (PAT) of ₹1,824.64 lakh for the fiscal year ending March 31, 2026. The EBITDA margin stood at 11.91%, reflecting significant growth compared to previous years.

Company officials, including Company Secretary & Compliance Officer Reshma Shukla, met with 53 analysts and institutional investors on June 24, 2026. The meeting was conducted pursuant to regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Susan Electricals clarified that no unpublished price-sensitive information (UPSI) was shared during the proceedings.

Financial Performance

The investor presentation detailed consistent growth across key financial metrics over the past three fiscal years.

Fiscal Year Revenue (₹ in Lakhs) PAT (₹ in Lakhs) EBITDA Margin (%)
FY 2023-24 10,348.21 75.58 3.51%
FY 2024-25 13,573.97 565.10 8.84%
FY 2025-26 26,935.66 1,824.64 11.91%

Operational Highlights

Susan Electricals operates three manufacturing units located in Ghaziabad, Uttar Pradesh, focusing on winding wires, conductors, and power cables. The company serves government utilities, EPC companies, and private sector customers. For FY26, revenue from private entities accounted for 64.22% of total operations, while government entities contributed 35.78%.

The company is currently executing a capacity expansion plan at its Sahibabad facility to enhance production of LT and HT cables. The project, estimated to cost ₹1,080.96 lakh, involves the installation of a new 6 – 33 KV Triple Layer Continuous Catenary Vulcanization (CCV) Line. The expansion is funded through net proceeds from the company's recent initial public offering (IPO) and internal accruals.

What is the expected timeline for the completion of the Sahibabad facility expansion and when will the new capacity contribute to revenue?

How will the company balance the mix between private sector and government utility contracts once the new LT and HT cable capacity comes online?

Given the rapid EBITDA margin expansion over the last three years, what are the management's margin sustainability targets for FY27?

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Susan Electricals IPO subscribed 15.73 times, led by bHNI demand

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Reviewed by
Shraddha JScanX News Team
Key Highlights

Susan Electricals IPO subscribed 15.73 times, led by strong demand from bHNI and retail segments.

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Susan Electricals reported total subscriptions of 15.73 times for its initial public offering, driven primarily by strong interest from Non-Institutional Buyers (bHNI). The bHNI category was subscribed 24.11 times, while retail investors subscribed 18.17 times, indicating robust demand across segments.

The Qualified Institutional Buyers (QIB) category was subscribed 7.31 times. The Non-Institutional Buyers (sHNI) category recorded a subscription of 15.48 times. The Employees category remained unsubscribed at 0 times. The data reflects the final subscription status across all investor categories.

Investor Category Subscription Level
Non-Institutional Buyers (bHNI) 24.11 x
Retail 18.17 x
Non-Institutional Buyers (sHNI) 15.48 x
Qualified Institutional Buyers (QIB) 7.31 x
Employees 0 x
Total Subscribed 15.73 x

How will the significant disparity between bHNI and QIB subscription levels influence the stock's listing price and initial trading volatility?

What strategies might the company employ to improve employee participation in future equity offerings given the zero subscription rate?

Will the strong retail and HNI demand sustain post-listing, or is a potential profit-taking correction expected in the short term?

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