Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹175Cr
Electric Equipment - General
Rev Gr TTM
Revenue Growth TTM
52.93%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

AKANKSHA
VS
| Quarter | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 32.2 | 43.0 | 66.9 |
| 18 | 33 | 23 | 47 | 39 |
Operating Profit Operating ProfitCr |
| 8.1 | 10.9 | 10.5 | 10.3 | 11.3 |
Other Income Other IncomeCr | 0 | 0 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 2 | 2 |
Depreciation DepreciationCr | 0 | 0 | 0 | 1 | 1 |
| 1 | 3 | 3 | 4 | 4 |
| 0 | 1 | 1 | 1 | 1 |
|
Growth YoY PAT Growth YoY% | | | 89.0 | 29.8 | 55.5 |
| 4.1 | 5.9 | 5.9 | 5.4 | 5.5 |
| 0.0 | 1.3 | 0.8 | 1.5 | 1.2 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 22.6 | 39.3 | 22.3 |
| 41 | 51 | 71 | 86 |
Operating Profit Operating ProfitCr |
| 11.3 | 10.0 | 10.4 | 10.8 |
Other Income Other IncomeCr | 0 | 1 | 2 | 2 |
Interest Expense Interest ExpenseCr | 1 | 2 | 3 | 4 |
Depreciation DepreciationCr | 0 | 1 | 1 | 1 |
| 4 | 4 | 6 | 8 |
| 1 | 1 | 2 | 2 |
|
| | 2.8 | 50.2 | 19.6 |
| 6.2 | 5.2 | 5.6 | 5.4 |
| 2.2 | 2.0 | 2.3 | 2.7 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 2 | 19 | 20 |
| 14 | 27 | 45 |
Current Liabilities Current LiabilitiesCr | 24 | 25 | 42 |
Non Current Liabilities Non Current LiabilitiesCr | 8 | 7 | 8 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 33 | 57 | 81 |
Non Current Assets Non Current AssetsCr | 15 | 21 | 35 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 4 | -23 | 0 |
Investing Cash Flow Investing Cash FlowCr | -7 | -7 | -14 |
Financing Cash Flow Financing Cash FlowCr | 7 | 26 | 22 |
|
Free Cash Flow Free Cash FlowCr | -3 | -27 | -6 |
| 141.6 | -786.1 | -2.5 |
CFO To EBITDA CFO To EBITDA% | 77.0 | -407.3 | -1.3 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 143 | 170 |
Price To Earnings Price To Earnings | 0.0 | 51.6 | 39.0 |
Price To Sales Price To Sales | 0.0 | 2.5 | 2.1 |
Price To Book Price To Book | 0.0 | 3.2 | 2.6 |
| 2.1 | 27.9 | 22.8 |
Profitability Ratios Profitability Ratios |
| 35.6 | 42.8 | 45.2 |
| 11.3 | 10.0 | 10.4 |
| 6.2 | 5.2 | 5.6 |
| 16.7 | 10.0 | 9.6 |
| 17.8 | 6.5 | 6.8 |
| 6.0 | 3.8 | 3.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
Akanksha Power and Infrastructure Limited (**APIL**) is a specialized "Single Window Solution Provider" dedicated to the reduction of **Aggregate Technical and Commercial (AT&C)** losses within electrical networks. With over **17 years** of operational history, the company integrates high-end manufacturing, turnkey project execution, and distribution management. APIL is currently transitioning into a technology-driven powerhouse, leveraging **AI**, **Smart Metering**, and **Renewable Energy** to address the evolving needs of the global power sector.
---
### **Core Business Verticals & Technology Offerings**
APIL manages its operations through two primary technology-driven verticals designed to stabilize grids and ensure revenue integrity for utilities.
#### **1. Power Quality Solutions (PQS)**
This vertical focuses on reducing **technical losses** through reactive power management and harmonic mitigation for systems up to **220 kV**.
* **Key Products:** Medium Voltage (**MV**) and Low Voltage (**LV**) solutions, including Tuned/De-Tuned Passive and Active Filters; **APFC Panels** (up to **33 kV**); Thyristor Switches, Vacuum Contactors, and Vacuum Circuit Breakers (**12 kV, 1250 Amps**).
* **Innovation:** Manufactured India’s first **11 kV** Automatic Power Factor Control (**APFC**) panel.
* **Track Record:** Approximately **1,000** successful installations and over **2,000 MVAR** of quality installations globally.
* **New Capabilities:** Launched a production line for Shunt, Surge, and Energy Storage capacitors (up to **40 kV**) in **October 2025**.
#### **2. Advanced Metering Infrastructure (AMI) & Smart Utilities**
This vertical targets **commercial losses** through intelligent data management and theft prevention.
* **Smart Electricity Meters:** Includes the **AKU C11** (Single-phase) and the **AkU 384**, a direct measurement device for **6/11 kV** lines. The **AkU 384** is a market disruptor, weighing only **2.3 kg** compared to traditional **170-300 kg** CT-PT units.
* **Smart Water & Gas:** AI-powered meters with remote-controllable valves. Water meters have received **MID (international) approval** and are undergoing **BIS** certification.
* **Proprietary Tech:** Utilizes **DRDHC** (Dual Redundant Dynamic Hybrid Communicative) solutions and the **UDReAM** software platform, ensuring **98%+** data reliability for DISCOMs.
---
### **Manufacturing Infrastructure & Strategic Footprint**
APIL operates three specialized manufacturing units in **Nashik, Maharashtra**, supported by regional offices in **Odisha** to manage distribution projects.
| Facility | Location | Primary Function |
| :--- | :--- | :--- |
| **Unit 1** | Satpur, Nashik | Registered Office & Primary Manufacturing |
| **Unit 2** | Satpur, Nashik | Manufacturing Works |
| **Unit 3** | Ambad, Nashik | Specialized Manufacturing & Fabrication |
**Operational Model:** The company follows a **make-to-order** approach, providing customized solutions for heavy industries including **Steel, Cement, Oil & Gas, Mining, and Renewables**. Key clients include **TATA Power, Larsen & Toubro, Adani, SAIL, IOCL, and HAL**.
---
### **Strategic Partnerships & Global Expansion**
APIL leverages international collaborations to maintain a technological edge and expand its market reach.
* **TDK (Japan):** Strategic partner for PQS design and component manufacturing. APIL recently acquired TDK India’s **MV Power Capacitor** production line.
* **Lauritz Knudsen (Schneider Electric India):** A long-term brand leveling agreement for **LV-APP capacitors**, projected to generate **₹15-20 Crores** annually.
* **Vigyan Labs:** Technical partnership to integrate **Private AI** and data analytics into power platforms and develop **Sovereign Cloud/Data Centers**.
* **ADD Group (Moldova):** R&D collaboration for Smart Electricity and Water meters.
* **International Ventures:** Partnered with **ASI Engineering** for the acquisition of **Kaduna Electricity Distribution Company** in Nigeria, serving **1.6 crore** people and developing a **5MW solar regeneration project**.
---
### **Financial Performance & Capital Structure**
APIL has demonstrated robust growth, characterized by a significant increase in order bookings and successful capital raises.
#### **Consolidated Financial Summary (FY 2024-25)**
| Metric | Value (₹ in Lacs) | YoY Growth |
| :--- | :--- | :--- |
| **Revenue from Operations** | **7,874.41** | **39.29%** |
| **Profit After Tax (PAT)** | **438.06** | **50.52%** |
| **PAT Margin** | **5.60%** | **+50 bps** |
| **Order Book (Sept 2025)** | **8,080.00** | **219%** |
#### **Capital Raising & Utilization**
* **IPO (Jan 2024):** Raised **₹27.48 crore** (at **₹55/share**), now fully utilized for expansion.
* **Preferential Issue (2024-25):** Approved a total fundraise of **₹52.93 crore** (at **₹144/share**) to fund **CAPEX** and AI-enabled infrastructure.
* **Revenue Outlook:** The company targets a top line of **₹80-100 Crores** for **FY 2024-25**, with a projected **75% YoY growth** in sales for **FY 2026**.
---
### **Future Growth Drivers: AI, Cloud, and Renewables**
APIL is diversifying into high-margin digital and green energy sectors:
* **Sovereign AI Cloud:** Developing **"Konark Cloud"** (Odisha) and **"Brahma Cloud"** (Assam) to establish **Distributed Micro Data Centers**, targeting commercialization in **FY 2026-27**.
* **Renewable Energy Generation:** Through its **100% subsidiary, Famous Power Limited**, APIL holds an **11.77 MW Solar PPA** with **GRIDCO (Odisha)**.
* **Grid Modernization:** Developed a **36 kV Double-Break Vacuum Contactor** to meet **CEA guidelines** for renewable energy grid integration.
---
### **Risk Profile & Mitigation**
| Risk Category | Description | Mitigation/Status |
| :--- | :--- | :--- |
| **Supply Chain** | Dependence on imports for **BOPP film, AL-Foil, and Synthetic OIL**. | Strategic sourcing and long-term partnerships. |
| **Margin Volatility** | **Fixed-price contracts** vs. rising commodity costs. | Increasing operational efficiency and high-value AI services. |
| **Regulatory** | Time-consuming **BIS Certification** for advanced smart meters. | Successfully passed **Type Tests**; full approval expected in **FY 2025-26**. |
| **Financial** | Elevated debtors due to **10% retention money** in Govt projects. | Classified as realizable; backed by long-term PPP contracts. |
| **Seasonality** | Invoicing is historically **lower in Q1/Q2** and peaks in **Q3/Q4**. | Managed through robust working capital and order planning. |