1. Revenue growth guide of 40%+ through FY30 - Management targets sustaining 40%+ revenue growth over the next 3-5 years, with FY27 guided at 40%+ broad-based across B2G, B2B, B2C and exports. At the current ₹1,797 crore revenue base, that pace would more than quadruple the topline by FY30, directly lifting earnings on the guided 11%+ EBITDA margin.
2. Kaliyar Phase-I commissioning by Q1 FY27 - Building construction is nearing completion and plant and machinery have already been ordered for Phase-I of the ₹100-125 crore Kaliyar, Roorkee expansion, with completion expected by Q1 FY27. This is the nearest large capacity block coming online, directly feeding the 40%+ revenue growth target for FY27.
3. Exports scale from maiden ₹62.6 crore base - FY26 marked the first export year at ₹62.6 crore, and the company plans 6-10 global expos in FY27 with the EU, US and Australia as priority markets, backed by a dedicated Mumbai export team. Exports open a large addressable market - the global cable and wire market is projected at USD 410 billion by FY30 - at potentially higher realisations than domestic institutional sales.
4. B2C dealer network doubling to 1,200+ and contributing 35.6% of revenue - The dealer network expanded from \~950 across 19 states to 1,200+ across 24+ states in FY26, with the B2C channel delivering ₹640.4 crore (35.6% of FY26 revenue, +163% YoY). A growing retail mix improves margin quality and reduces dependence on government tender cycles.
5. Second e-beam line commissioned and India’s first e-beam submersible cable launched - An additional e-beam line was commissioned in FY26 alongside the launch of India’s first e-beam submersible cable for agricultural applications. E-beam technology enables higher-performance products that command premium pricing and create differentiation in both domestic and export markets.
6. ₹500 crore capacity programme targeting 10 lakh circuit km by FY30 - Management plans over ₹500 crore of capex through FY30 to take installed capacity from 2.12 lakh circuit km in FY26 to over 10 lakh circuit km - roughly a 5x increase. The scale of this programme signals conviction that demand will absorb the capacity, with the first ₹50 crore tranche already completed in FY26.
7. FMEG launch opens adjacent consumer electrical categories - The company launched Fast Moving Electrical Goods including inverters, circuit breakers, fans, and switches, presented as a distinct product segment in the Q4 FY26 presentation. FMEG products sell through the same B2C dealer network already being expanded, offering a capital-light route to higher wallet share per dealer.
8. Credit rating upgrade to IVR A-/Stable with ₹463.75 crore bank lines - INFOMERICS upgraded long-term bank facilities to IVR A-/Stable from IVR BBB+/Stable in December 2025, with total rated facilities of ₹463.75 crore. A stronger rating lowers the cost of debt for the ₹500 crore capex programme and confirms improving creditworthiness as the company scales.