Kanohar Electricals Limited
NSE: KANOHARHeavy Electrical Equipment
Share price
₹1,183.25
+8.45% close of 8 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
61
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹8,874 Cr
P/E ratio
68.3
P/B ratio
—
ROCE
54.3%
ROE
42.2%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Mar 2026 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Mar 2026 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.9 times its growth rate, on earnings growth of 80%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Kanohar Electricals Limited — this one | 80%/yr | 68.3× | ₹0.85 |
| Bharat Heavy Electricals | 36%/yr | 61.5× | ₹1.7 |
| ABB India | — | 92.3× | — |
| Hitachi Energy India Limited | 122%/yr | 121.2× | — |
| CG Power and Industrial Solutions Limited | 10%/yr | 106.7× | ₹10.7 |
| Siemens India | 23%/yr | 86.0× | ₹3.7 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Heavy Electrical Equipment), it ranks 5 of 36 on returns, 8 of 31 on growth, 4 of 36 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 54.3% on capital, ahead of 86% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹90 crore of cash from the business, spent ₹15 crore on plant and equipment, and returned ₹19 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 58 arrived as cash. Its cash comes back more slowly than it used to: it went from being waiting 38 days for its cash to waiting 127 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 8 checks clear · 88%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 6 Oct 2026 · Standalone · Unaudited
Revenue
₹137 Cr
Net profit
₹27 Cr
Net margin
19.9%
EPS
₹3.67
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹8,874 Cr
- Prev close
- ₹1,183.25
- 52w High
- ₹1,208
- 52w Low
- ₹685
- Enterprise value
- ₹9,413 Cr
- Beta
- —
- Price CAGR 1y
- —
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 21.2%
- PEG ratio
- 0.8
- P/E ratio
- 68.3
- P/B ratio
- —
- EV / EBITDA
- 52.0
- Industry P/E
- 48.3
- ROCE
- 54.3%
- ROCE 5y average
- 29.4%
- ROE
- 42.2%
- Debt / Equity
- 0.1
- Interest coverage
- 14.4
- Dividend yield
- 0.0%
- ROE 3y average
- 31.0%
- ROE last year
- 42.0%
Annual P&L
- Annual revenue
- ₹654 Cr
- Annual profit
- ₹130 Cr
- Operating margin
- 28.0%
- Net profit margin
- 19.9%
- EBITDA margin
- 27.7%
- Sales growth 3y
- 28.1%
- Sales growth 5y
- 31.2%
- Profit growth 3y
- 80.0%
- Profit growth 5y
- 76.0%
- EPS
- ₹17.4
- Sales growth TTM
- 45.0%
- Profit growth TTM
- 100.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹137 Cr
- Profit latest quarter
- ₹27 Cr
- YoY quarterly sales growth
- 104.5%
- YoY quarterly profit growth
- 145.5%
- OPM latest quarter
- 28.0%
Balance Sheet
- Book Value
- ₹49.7
- Face Value
- ₹2.0
- Total debt
- ₹39 Cr
- Total cash
- —
- Borrowings
- ₹39 Cr
- Reserves / Equity
- 23.9
Cash Flow
- Operating cash flow
- ₹26 Cr
- Free cash flow
- ₹23 Cr
- FCF yield
- 0.1%
- Net cash flow
- ₹0 Cr
Shareholding
- Promoter holding
- 74.7%
- FII holding
- 2.2%
- DII holding
- 11.5%
- Public holding
- 11.7%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| B H E L | 452.00 | 64.7 | 1,57,389 | 0.31 | 376.7 | 182.7 | 7,697.7 | 40.3 | 9.1 |
| A B B | 7,122.50 | 97.9 | 1,50,932 | 0.55 | 362.3 | 8.0 | 3,558.9 | 21.0 | 29.9 |
| CG Power & Ind | 912.00 | 112.9 | 1,43,683 | 0.14 | 308.3 | 16.3 | 3,280.8 | 14.0 | 26.7 |
| Hitachi Energy | 31,640.00 | 118.4 | 1,41,027 | 0.03 | 294.2 | 123.5 | 2,493.7 | 68.6 | 29.4 |
| Siemens | 3,854.00 | 91.3 | 1,37,249 | 0.47 | 2,143.1 | -18.6 | 4,713.7 | 14.8 | 21.4 |
| Siemens Ener.Ind | 3,307.50 | 77.2 | 1,17,787 | 0.12 | 440.9 | 67.8 | 2,485.6 | 39.3 | 67.8 |
| GE Vernova T&D | 4,245.10 | 80.5 | 1,08,696 | 0.24 | 363.0 | 24.6 | 1,836.1 | 38.0 | 77.4 |
| Kanohar Elect. | 942.50 | 51.2 | 7,463 | 0.00 | 27.3 | 140.0 | 137.1 | 103.5 | 54.3 |
| Median | 452.00 | 33.6 | 6,228 | 0.04 | 41.2 | 15.5 | 466.3 | 20.1 | 23.5 |
Competes with: ABB India, Bharat Heavy Electricals, CG Power and Industrial Solutions Limited, GE Vernova T&D India Limited, Hitachi Energy India Limited, Schneider Electric Infrastructure Limited, Siemens Energy India Limited, Siemens India, Transformers And Rectifiers (India) Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 67 | 299 | 137 |
| Expenses | 52 | 211 | 98 |
| Operating Profit | 15 | 88 | 39 |
| OPM % | 23 | 29 | 28 |
| Other Income | 3 | 2 | 2 |
| Interest | 2 | 5 | 3 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 16 | 84 | 37 |
| Tax % | 27 | 25 | 26 |
| Net Profit | 11 | 63 | 27 |
| EPS in Rs | 31 | 8.41 | 3.67 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 127 | 104 | 118 | 61 | 79 | 62 | 168 | 236 | 311 | 277 | 451 | 654 |
| Expenses | 99 | 89 | 103 | 58 | 75 | 59 | 153 | 207 | 276 | 246 | 357 | 473 |
| Operating Profit | 28 | 16 | 15 | 3 | 4 | 3 | 15 | 29 | 35 | 31 | 93 | 181 |
| OPM % | 22 | 15 | 13 | 4.80 | 5 | 5 | 9 | 12 | 11 | 11 | 21 | 28 |
| Other Income | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 2 | 3 | 4 | 7 | 9 |
| Interest | 3 | 1 | 2 | 2 | 2 | 2 | 5 | 4 | 5 | 6 | 9 | 13 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 26 | 14 | 12 | 3 | 3 | 3 | 11 | 25 | 30 | 26 | 88 | 174 |
| Tax % | 30 | 30 | 25 | 18 | 37 | 34 | 30 | 27 | 26 | 31 | 26 | 25 |
| Net Profit | 18 | 10 | 9 | 2 | 2 | 2 | 8 | 18 | 22 | 18 | 65 | 130 |
| EPS in Rs | 26 | 24 | 5.06 | 3.83 | 4.83 | 21 | 50 | 60 | 48 | 175 | 17 | |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 20%
- 5 years
- 31%
- 3 years
- 28%
- TTM
- 45%
Compounded profit growth
- 10 years
- —
- 5 years
- 76%
- 3 years
- 80%
- TTM
- 100%
Return on equity
- 10 years
- —
- 5 years
- 26%
- 3 years
- 31%
- Last year
- 42%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 15 |
| Reserves | 55 | 64 | 81 | 83 | 84 | 86 | 127 | 145 | 168 | 174 | 239 | 358 |
| Borrowings | 25 | 31 | 29 | 15 | 11 | 18 | 27 | 12 | 20 | 43 | 33 | 39 |
| Other Liabilities | 27 | 33 | 30 | 12 | 15 | 24 | 83 | 76 | 101 | 102 | 156 | 202 |
| Total Liabilities | 110 | 132 | 143 | 114 | 114 | 133 | 241 | 237 | 293 | 323 | 432 | 614 |
| Fixed Assets | 20 | 22 | 28 | 27 | 26 | 26 | 29 | 26 | 26 | 26 | 31 | 31 |
| CWIP | 2 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 14 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 88 | 105 | 115 | 86 | 88 | 106 | 212 | 211 | 266 | 297 | 399 | 568 |
| Total Assets | 110 | 132 | 143 | 114 | 114 | 133 | 241 | 237 | 293 | 323 | 432 | 614 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 46 | -4 | -11 | 44 | -15 | 6 | 20 | 24 | -23 | -16 | 79 | 26 |
| Cash from Investing Activity | -9 | -7 | -3 | -1 | -2 | 0 | -0 | -1 | -3 | -13 | -62 | -22 |
| Cash from Financing Activity | -15 | 6 | 4 | -14 | -5 | 0 | 10 | -16 | 7 | 12 | -18 | -4 |
| Net Cash Flow | 22 | -4 | -10 | 29 | -22 | 6 | 30 | 8 | -18 | -17 | 0 | -0 |
| Free Cash Flow | 37 | -10 | -14 | 43 | -15 | 6 | 20 | 24 | -25 | -18 | 71 | 23 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 108 | 180 | 176 | 121 | 188 | 272 | 109 | 69 | 104 | 115 | 158 | 118 |
| Inventory Days | 49 | 89 | 114 | 90 | 109 | 153 | 151 | 88 | 85 | 155 | 52 | 104 |
| Days Payable | 43 | 72 | 80 | 31 | 23 | 58 | 181 | 97 | 111 | 110 | 87 | 91 |
| Cash Conversion Cycle | 114 | 197 | 211 | 180 | 274 | 367 | 79 | 61 | 77 | 160 | 123 | 131 |
| Working Capital Days | 112 | 182 | 232 | 207 | 258 | 324 | 34 | 38 | 67 | 89 | 96 | 127 |
| ROCE % | 35 | 17 | 13 | 4 | 5 | 5 | 18 | 20 | 16 | 39 | 54 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
order book, Rs crore
2,026inr_cr
2026-06-30
News
News and filings about Kanohar Electricals Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- CRGO electrical steel
- insulated copper conductor
- transformer oil
Depends on the price of
- copper
- steel
Sells to
- Indian Railways · Scott-connected and traction transformers for rail network electrification
- Power Grid Corporation · 500 MVA 400 kV power transformers
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Heavy Electrical Equipment
- Classification
- Capital Goods › Heavy Electrical Equipment
- ISIN
- INE877D01025
Plants
- Gangol Manufacturing Facility · Meerut, Uttar Pradesh
- Rithani Manufacturing Facility · Meerut, Uttar Pradesh
News impact
Big market events that reach Kanohar Electricals Limited, and how the effect spreads.
29 Sept, 14:14 IST · Market event · high impact
Azad Engineering shares jump 10% as company expands GE Vernova's manufacturing footprint
Azad Engineering opened two dedicated factories for GE Vernova's Gas Power arm in Hyderabad, lifting its shares 10%; it helps Azad and its machine supplier, while rival equipment makers and other customers see no direct gain.
Who it hits first
- Azad Engineering, a Hyderabad maker of precision parts for turbines and power gear, opened two new lean factories that will work only for GE Vernova's Gas Power business, taking its dedicated GE Vernova footprint to three plants.
- Investors treated the deeper tie-up with the global energy giant as a growth signal and pushed Azad's shares up about 10% on the day.
- GE Vernova, in turn, locks in assured Indian machining capacity for its gas turbines, cutting the risk of parts delays as power demand grows.
Who may gain
- Azad Engineering — fuller order books and a stronger anchor customer in GE Vernova.
- JYOTICNC, Azad's listed equipment supplier — new plants to kit out should mean follow-on machinery and tooling orders.
- GE Vernova's gas-turbine supply chain — dedicated Hyderabad capacity makes deliveries more reliable.
- Skilled workers and local vendors around Hyderabad — two more running plants mean jobs and spillover work.
Along the supply chain
Downstream
Downstream, Azad's parts feed GE Vernova gas turbines sold to power producers worldwide, while Azad's other customer BHEL gets no new orders here and may even find Azad's spare capacity tighter while GE volumes ramp.
Upstream
Upstream, JYOTICNC is the pack's one verified supplier into Azad, so plant construction and machine installation point to near-term equipment orders; no other upstream vendor is named, so wider raw-material effects are second-order at best.
Where demand moves
Business
Real-economy demand flows first to Azad, whose two new plants will run on assured GE Vernova volumes, and then upstream to its supplier JYOTICNC as the plants are kitted out with machines and tooling; GE Vernova itself gains supply security rather than new sales.
Capital
Investor money chased Azad shares first, driving the 10% spike, with a lighter sympathy bid likely across big capital-goods names; no fundraising, stake sale, or deal payout was announced, so this is repricing, not fresh cash.
How it spreads across sectors
Capital Goods
Positive readthrough: a global giant tripling dedicated Indian machining capacity underlines strong power-equipment demand, lifting sentiment for makers such as Siemens India, ABB India, and CG Power even though they win no orders.
Power
Neutral to mildly positive: steadier turbine supply helps utilities and generators over time, but no tariffs, fuel costs, or project awards change today.
When it plays out
Immediate
1–7 days: Azad shares stay volatile and elevated as momentum traders pile in and early buyers take profits; peer equipment stocks wobble in sympathy.
Medium term
1–6 months: the new plants ramp toward steady output, and Azad's quarterly numbers start showing whether dedicated volumes lift revenue and margins as hoped.
Short term
1–4 weeks: focus shifts to management commentary on plant ramp timelines and GE Vernova order visibility; sympathy moves in unrelated names fade.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 7 Oct 2026 | QE SECURITIES LLP | BUY | 8,77,507 | ₹1,074.47 |
| 7 Oct 2026 | QE SECURITIES LLP | SELL | 8,31,752 | ₹1,085.47 |
| 7 Oct 2026 | IRAGE BROKING SERVICES LLP | BUY | 7,91,336 | ₹1,068.08 |
| 7 Oct 2026 | HRTI PRIVATE LIMITED | BUY | 6,37,676 | ₹1,080.86 |
| 7 Oct 2026 | PLUTUS WEALTH MANAGEMENT LLP | BUY | 6,05,489 | ₹1,073.48 |
| 7 Oct 2026 | PLUTUS WEALTH MANAGEMENT LLP | SELL | 6,05,489 | ₹1,074.24 |
| 7 Oct 2026 | HRTI PRIVATE LIMITED | SELL | 5,50,696 | ₹1,080.17 |
| 7 Oct 2026 | ALPHAGREP SECURITIES PRIVATE LIMITED | BUY | 4,59,659 | ₹1,072.84 |
| 7 Oct 2026 | ALPHAGREP SECURITIES PRIVATE LIMITED | SELL | 4,59,659 | ₹1,072.97 |
| 7 Oct 2026 | JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED | SELL | 4,35,541 | ₹1,090.26 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.