1. Zaheerabad plant starts production - The 750 MT p.a. plant in Telangana achieved commercial production in 2026, adding a fourth manufacturing unit to the existing three at Pune, Dewas, and Hoshiarpur. This expands total installed capacity by roughly 17% from the current 4,500 MT p.a., creating headroom for revenue growth as existing plants already run at 51-78% utilisation.
2. ₹10 cr spacer order for renewable energy - A domestic entity awarded a spacer supply contract worth approximately ₹10.08 crore including tax, with delivery to be completed by 31 August 2026. At roughly 10% of FY26 annual revenue of ₹101 crore, a single order concentrated in a few months can materially lift near-term revenue from the newly designated strategic vertical.
3. Renewable energy vertical with patented products - The company has built a patented product portfolio for solar and wind applications - PUF insulation, inner tank, outer shell, grommet, float tank SWHS, and plastic manifold - aligned with India's National Solar Mission. A distinct product line for renewable energy opens an addressable market beyond the core automotive OEM base, with intellectual property that can support margins.
4. IPO-funded capacity expansion - The 2025 SME IPO funded a capacity expansion programme across the three legacy plants, which now have combined installed capacity of 4,500 MT p.a.. With the IPO proceeds already deployed and the Zaheerabad unit operational, the capex cycle is largely behind the company, setting up a period where rising volumes can flow through to free cash flow.
5. Deep OEM customer base with 20-year relationships - The company supplies over 550 production part numbers to marquee customers including John Deere, Mahindra & Mahindra, and JCB UK, with relationships spanning 15-20+ years and 2 million-plus OEM units supplied. Long-tenure, multi-product relationships with OEMs create recurring demand and high switching costs, supporting volume stability as capacity expands.