Parth Electricals Bags ₹85 Crore RMU Order; Total Order Book Hits ₹471 Crore

Key numbers

Market Capitalization	₹785.23 CrGeneral Industrials
1-Year Return	124.9%Price Performance
Promoter Holding	61.22%Zero Pledge
P/E TTM vs Sector	55.15x / 55.82xValuation context
Order from	Various reputed EPC contractors in Gujarat
Execution period	Commencing within 2 months, completion over the following 12 months
Deal value	₹85 Cr
Share of market cap	10.8%
Share of annual revenue	42.9%
Order book	₹471 Cr (2.4x revenue)

Key highlights

• New domestic order win of approximately ₹85 crore excluding GST for Ring Main Units
• Total executable order book reaches ₹471 crore as of October 15, 2026
• Execution timeline includes a two-month commencement period and 12-month completion cycle
• Combined order pipeline for Ring Main Units grows to approximately 2,500 units
• Order represents 10.8 percent of the company current market capitalization of ₹785.23 crore

Strengthening the Gujarat Power Distribution Network

The newly secured ₹85 crore order involves the manufacturing and supply of Ring Main Units (RMUs) to various reputed EPC contractors in Gujarat. These units are designated for installation across the state's electricity distribution network, reinforcing Parth Electricals' footprint in its home market. The contract value represents roughly 42.9 percent of the company's annual operating revenue of ₹198 crore reported in FY26.

Execution is set to begin within the next two months, with the entire supply expected to be completed over the subsequent 12-month period, ensuring steady operational activity through late 2027.

Order Book Momentum and Manufacturing Visibility

• Current executable order book stands at ₹471 crore providing clear visibility for 12 to 14 months
• Combined RMU pipeline reaches 2,500 units to support base load at the Vadodara facility
• Previous major win on August 30, 2026 included domestic and export orders worth ₹122 crore
• Recent August 3, 2026 order of ₹70 crore spanned Bihar, Gujarat, and Odisha markets
• Company maintains a Piotroski Score of 3 and an annual revenue growth of 14.04 percent

Strategic Expansion and Operational Outlook

The accumulation of domestic orders enables Parth Electricals to optimize its existing RMU manufacturing facility in Vadodara while preparing for broader regional expansion. Management has indicated that the strong order pipeline creates opportunities to utilize its new manufacturing facility at Khordha, Odisha, specifically to serve customers in the eastern regions of India. This strategy aligns with the company's previously stated guidance to achieve a revenue CAGR of 25 to 30 percent over the next three to five years.

The stock has responded to this growth trajectory with a 124.9 percent increase over the past year, currently trading near its 52-week high of 575.

Reinforcing Domestic Infrastructure Presence

The latest order wins reinforce the Company's presence in the domestic power distribution and electrical infrastructure sector.

What to watch next

• Commissioning and operationalization of the manufacturing facility in Khordha, Odisha, scheduled for October 2026
• Execution progress of the ₹122 crore domestic and US export order secured on August 30, 2026
• Half-yearly financial results for the period ending September 30, 2026

“An executable order book of approximately ₹471 Crore provides encouraging business visibility over the coming 12–14 months, subject to project schedules, execution, and other applicable conditions.”

Parth Electricals & Engineering · financial snapshot

Share price	₹574.5
Market capitalisation	₹785.23 Cr
Revenue (annual)	₹198.00 Cr
Net profit (annual)	₹14.24 Cr
P/E (TTM)	55.15×Sector 55.82×
Promoter holding	61.22%
FII holding	1.12%Current quarter

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