Kanohar Electricals Bags Large Domestic Order Exceeding ₹250 Crore for Power Transformers

Key numbers

Order Value	₹250 Cr+Lower Bound
Market Cap	₹6,831.8 CrMid-cap
Annual Revenue	₹653.84 CrFY24 Actuals
ROE Annual	34.79%vs 20.15% Sector
Order from	Central Public Sector Undertaking
Execution period	24 months

Key highlights

• Received a Notification of Award (NOA) from a prominent Central Public Sector Undertaking
• Scope includes manufacturing 400kV power transformers and providing associated services
• Order value exceeds ₹250 crore based on the company's internal size classification
• Execution timeline set for 24 months from the date of award
• Domestic project involving manufacturing at the company's established facilities

Order Details and Execution Scope

Kanohar Electricals Limited has formalised a contract for the manufacturing and supply of 400kV power transformers, including associated services, for a Central Public Sector Undertaking. The project is strictly domestic and will be executed over a 24-month period in accordance with the terms specified in the Notification of Award. The company classifies this contract as a Large Order, a category reserved for engagements valued at ₹250 crore and above.

This technical scope highlights the company's capability in high-voltage power equipment, specifically in the 400kV category which is essential for national grid infrastructure.

Strategic and Financial Impact

• The ₹250 crore minimum value represents approximately 38 percent of the company's total annual operating revenue of ₹653.84 crore.
• A 24-month execution window provides significant revenue visibility for the upcoming two fiscal years.
• The order reinforces the company's position as a preferred vendor for Central PSUs in the heavy electrical equipment sector.
• Manufacturing of 400kV transformers utilizes high-end technical expertise, potentially supporting better margins within the specialized industrials segment.

Company and Sector Context

Based in Meerut, Uttar Pradesh, Kanohar Electricals Limited operates in the heavy electrical equipment industry, specializing in extra-high-voltage transformers and substation solutions. The company has demonstrated robust financial momentum, recording a 44.95 percent annual revenue growth and a 99.23 percent increase in net profit. With a promoter holding of 74.65 percent and zero pledged shares, the firm maintains a stable ownership structure.

The current sector landscape for power equipment is supported by national infrastructure upgrades, where Kanohar's return on equity of 34.79 percent significantly exceeds the sector average of 20.15 percent.

Kanohar Electricals · financial snapshot

Share price	₹862.75
Market capitalisation	₹6,831.84 Cr
Revenue (annual)	₹653.84
Net profit (annual)	₹129.73
Promoter holding	74.65%
FII holding	2.19%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.