1. Solar rooftop order book - Crompton holds a \~₹500 Cr solar rooftop order book, \~38,000 homes in Andhra Pradesh plus Telangana, with \~₹450 Cr expected to execute over 6-8 months and bulk revenue landing in Q2 FY27. That is roughly 6% of trailing revenue, at company-level EBITDA margins, hitting in the next two quarters.
2. Solar pumps scale-up - Solar pumps revenue doubled in FY26 to \~₹370 Cr completed orders, with a ₹255 Cr unexecuted pipeline and a B2C rollout started in Q1 FY27. Management targets the combined solar business at \~₹2,000 Cr in 18-24 months, which would make it the second-largest segment after fans.
3. Solar procurement leverage - Sourcing panels for \~50,000 rooftop units plus the pumps business gives Crompton better panel pricing, with gross margins improving in both solar lines. Solar carries EBITDA margins similar to the company average, so scale here lifts group profit without diluting quality.
4. KUSUM 2.0 tender pipeline - KUSUM 2.0 targets 36 lakh solar pumps versus 15 lakh in KUSUM 1.0, and Crompton already supplies Haryana, Maharashtra, Rajasthan and MP with government payments accelerating. The addressable market is ₹30,000-35,000 Cr, so even a 6-8% share sustained means multi-year order flow.
5. B2C solar rooftop entry - Direct-to-consumer rooftop orders started in Q1 FY27, with retail presence launched beyond Andhra and Telangana and 85-90% of payment collected at installation. This opens the ₹20,000 Cr residential market without the working-capital drag of state tenders.
6. Solar pumps B2C launch - Crompton rolled out B2C solar pumps in Q1 FY27, adding a retail channel to its state-tender business. Residential pumps carry better margins than tenders and reuse the same supplier relationships, so this is incremental profit on existing capability.