Shilchar Technologies Ltd
BSE:531201
Shilchar Technologies Ltd
Shilchar Technologies Ltd. engages in the manufacture of telecommunication and electronics transformers. The company is headquartered in Vadodara, Gujarat. The company went IPO on 2005-07-25. The firm operates through single segment of Transformers & Parts. The company is engaged in manufacturing of distribution transformers ranging from approximately five kilo volt-amperes (KVA) to 3000 KVA and power transformers ranging from approximately 3000 KVA to 50,000 KVA. The firm also manufactures solar and windmill transformers for renewable energy sector. The company provides a range of linear transformers from R-core to EI and Toroidal to Current transformers. These transformers can be supplied according to customer specific requirement in terms of thermal insulation, cut-offs, static-magnetic shielding, special mounting, epoxy molding, vacuum impregnation and other. The company has approximately three manufacturing plants, Medium Power Transformers, Distribution Transformers and Common Winding Area.
Shilchar Technologies Ltd. engages in the manufacture of telecommunication and electronics transformers. The company is headquartered in Vadodara, Gujarat. The company went IPO on 2005-07-25. The firm operates through single segment of Transformers & Parts. The company is engaged in manufacturing of distribution transformers ranging from approximately five kilo volt-amperes (KVA) to 3000 KVA and power transformers ranging from approximately 3000 KVA to 50,000 KVA. The firm also manufactures solar and windmill transformers for renewable energy sector. The company provides a range of linear transformers from R-core to EI and Toroidal to Current transformers. These transformers can be supplied according to customer specific requirement in terms of thermal insulation, cut-offs, static-magnetic shielding, special mounting, epoxy molding, vacuum impregnation and other. The company has approximately three manufacturing plants, Medium Power Transformers, Distribution Transformers and Common Winding Area.
Strong Growth: Revenue in Q2 FY '26 reached INR 171 crores, up 31% year-on-year, with net profit growing 40% YoY to INR 46 crores.
Stable Margins: EBITDA margin remained high at 31%, in line with last year, and management expects to maintain current margin levels going forward.
Robust Demand: Domestic power and renewable energy sectors are driving sustained order inflows and strong order book visibility.
Capacity Expansion: Announced the Gavasad expansion project, set to increase capacity to 14,000 MVA by April 2027 with an INR 90 crore outlay, funded internally.
US Tariffs: US export tariffs are now 50%, but customers are absorbing the cost; exports to the US remain healthy at 12-15% of revenue.
Guidance Maintained: Management is confident in achieving INR 750 crores in sales for FY '26 and targets around INR 850 crores for FY '27.
Order Book: Current order book stands at INR 300 crores, with domestic orders at INR 175 crores and exports at INR 125 crores.
Utilization & Outlook: Capacity utilization at 90-95%, with no supply bottlenecks or plans for outsourcing; focus remains on quality and premium positioning.
