PRIMAEGISresearch

Scenario board

Every covered company whose management guided a number on a filed earnings call, and which has enough of its own valuation history to say what that number would be worth. Each bar is one company's full range — bear on the left, bull on the right, its base case marked — measured against what the stock costs today.

397 companies · sorted by base case · arithmetic on filed guidance, not price targets

These same levels now draw on the TradingView chart: Valuations ++ v6.5 ships the board as a data library — levels labelled by target year and exit multiple, the guided-vs-filed pace bar per covered name, and a stated source tier on every read.

bear base bull today’s price beat met missed — what this management guided before, against what it later filed a wider bar is a less certain range, not a better one
Median base case by sector
  1. CONNPLEX Connplex Cinemas Limited
    ₹33867% ₹474135% ₹572183%
    60 M cap ₹386 crr:r 26.96 FY26→FY27 · 10% guided · peer multiple
    Connplex delivered strong momentum in H1FY26, adding 17 new screens, 2 CAGR growth of 66% with several more in advanced stages and expected to open in the second half of the financial year once unit occupancy certificates are rece
  2. GPTHEALTH GPT Healthcare Limited
    ₹22130% ₹381124% ₹504196%
    68 M cap ₹1.4k crr:r 24.7 FY26→FY28 · 15% guided · peer multiple
    Down the line, two, three years, can we expect any sort of year where we can see north of 20% growth given Raipur would scale up from maybe such 20%, 25% occupancies towards that 50%, 55% range over the next one, two years as well
  3. POLYCAB Polycab India Limited
    ₹9,9399% ₹18,902108% ₹27,118198%
    76 M cap ₹137.2k crbase in liner:r 21.52 FY26→FY30 · 29% guided · 38.46x vs 24.44x peers
    Looking ahead, we are confident in the long-term potential of the FMEG segment and remain on track to achieve our Project Spring targets of 1.5x - 2x industry growth and EBITDA margins in the range of 8% to 10% by FY30, positionin
  4. PLATIND Platinum Industries Limited
    ₹39776% ₹461104% ₹534136%
    63 M cap ₹1.2k crr:r 20.8 FY26→FY27 · 32% guided · peer multiple
    We see that India will start producing 2,40,000 to 5,00,000 tonnes very soon in the next two to three years because of the ramping capacities in the PVC, CPVC resin production.
  5. HAPPSTMNDS Happiest Minds Technologies Limited
    ₹54244% ₹767103% ₹863129%
    72 M cap ₹5.7k crbase in liner:r 20.66 FY26→FY27 · 12% guided · 48.83x vs 25.35x peers
    Backed by momentum in Generative and Agentic AI and the strong visibility from both GBS and NN pipeline, we are, as Ashok mentioned, raising our growth commitment from 3 to 4 consecutive years of double-digit revenue growth to FY
  6. SSEGL Sathlokhar Synergys E&C Global Limited
    ₹45242% ₹63499% ₹864171%
    60 M cap ₹770 crr:r 19.74 FY26→FY27 · 25% guided · peer multiple
    In our business model, EPC, industrial or manufacturing sector construction, with that, when we are aiming to achieve our guidance of INR1000 crores, we need to have at least INR200 crores working capital to ensure the revenue of
  7. ELGNZ Eleganz Interiors Limited
    ₹14339% ₹20498% ₹280173%
    56 M cap ₹232 crr:r 19.66 FY26→FY27 · 30% guided · peer multiple
    As on data, our current order book, balance order book stands at ₹586 crores excluding GST, that's the net value, which will be the balance sheet value going forward.
  8. HINDUNILVR Hindustan Unilever Limited
    ₹3,06046% ₹4,13096% ₹5,002138%
    83 M cap ₹493.6k crbase in liner:r 19.3 FY26→FY27 · 24% guided · 52.22x vs 36.59x peers
    Coming to EBITDA margin, Ice Cream demerger is expected to result in an improvement of 50-60 bps to the reported margin as Ice Cream business operates at a margin lower than HUL average.
  9. CAPACITE Capacit'e Infraprojects Limited
    ₹2255% ₹40689% ₹547155%
    78 M cap ₹1.8k crr:r 17.78 FY26→FY27 · 20% guided · 14.93x vs 16.16x peers
    Rohit Katyal: So, let me first clarify that CIDCO, MHADA and (MCGM), Municipal Corporation of Greater Mumbai, these three are the main clients of the company in the State of Maharashtra, and nearly 50% of the revenues going forwar
  10. MARKOLINES Markolines Pavement Technologies Limited
    ₹20617% ₹32082% ₹467165%
    58 M cap ₹391 crr:r 16.32 FY26→FY27 · 69% guided · peer multiple
    We are also looking at a very high growth as I had already said that we have been growing at a CAGR of about 25% in terms of overall growth and with this, the recent orders, we are expecting about 40% to 50% growth in the upcoming
  11. CELLO Cello World Limited
    ₹56665% ₹62081% ₹763122%
    58 M cap ₹7.6k crr:r 16.14 FY26→FY27 · 10% guided · peer multiple
    We expect 2 more lincs to commission shortly and a gradual ramp-up in overall steel bottle production is anticipated over Q1 and Q2 of financial year Utilization levels at the glassware scgment still remains at about 60%, primaril
  12. ORKLAINDIA Orkla India Limited
    ₹5967% ₹1,00981% ₹1,449160%
    54 M cap ₹7.6k crr:r 16.22 FY26→FY27 · 10% guided · peer multiple
    This is the first year that we've not recognized PLI because there are certain CAGR thresholds that are prescribed under the scheme, and because of unprecedented levels of deflation for two consecutive years, we've fallen short of
  13. INDOFARM Indo Farm Equipment Limited
    ₹19420% ₹29080% ₹456183%
    53 M cap ₹776 crr:r 15.98 FY26→FY29 · 28% guided · peer multiple
    namish gupta: No, sir, sir in your commentary, initial commentary, you said that for this current financial year, by 25-26, you will be operating at a with the range of 12.5% to 13%, and this is including the other income .So, if
  14. DOLLAR Dollar Industries Limited
    ₹2650% ₹47279% ₹698164%
    69 M cap ₹1.5k crr:r 15.76 FY26→FY27 · 10% guided · 23.02x vs 30.57x peers
    Driven by this strong momentum, non-traditional channels, which includes modern trade, e-commerce and quick commerce overall recorded a healthy growth of 24.2% year-on-year in FY26, reflecting our successful adaptation to evolving
  15. SBCL Shivalik Bimetal Controls Limited
    ₹7581% ₹1,32677% ₹1,738132%
    55 M cap ₹4.3k crr:r 15.38 FY26→FY28 · 50% guided · 35.41x vs 16.78x peers
    As we mentioned last time, Q4 seems to be the time where we will start seeing some revenue generation from the PCBA assemblies, and we see that this has the potential to give us, at least in the near term – that is, next financial
  16. APLAPOLLO APL Apollo Tubes Limited
    ₹1,795-1% ₹3,20076% ₹4,578152%
    78 M cap ₹50.5k crbase in liner:r 15.18 FY26→FY28 · 27% guided · 45.55x vs 18.59x peers
    We are also working on a lot of cost control measures, which Sanjayji will elaborate on later in the call, so that we are able to achieve the 5,500-ton EBITDA target on a per-ton basis because it's a big jump in our guidance, whic
  17. VINATIORGA Vinati Organics Limited
    ₹1,51416% ₹2,29576% ₹3,053134%
    78 M cap ₹13.5k crbase in liner:r 15.18 FY26→FY27 · 22% guided · 39.87x vs 22.65x peers
    Meanwhile, under VOPL, we are set to introduce several new products, including anisole, 4-MAP, TAA and PTAP across Q2 and Q3 of FY '26 aimed at applications in polymerization inhibitors, oil filters, resins, flavors, fragrances, p
  18. CONCOR Container Corporation of India Limited
    ₹62719% ₹91073% ₹1,487183%
    65 M cap ₹40.0k crbase in liner:r 14.64 FY26→FY29 · 20% guided
    Sanjay Swarup: See, as I mentioned earlier in my -- one of the interviews today morning, FY '26 also, it will be in the same range, even though it will increase by 7%, but we are constantly working on surrendering the terminals th
  19. IOB Indian Overseas Bank
    ₹4224% ₹5973% ₹101199%
    70 M cap ₹65.3k crbase in liner:r 14.62 FY26→FY27 · 4% guided · 20.94x vs 8.22x peers
    Ajay Kumar Srivastava: INR 476 crores will be normal exchange and commission, LC commission, BG commission, non-fund business plus locker rents, plus all other charges, demand drafts.
  20. CSLFINANCE CSL Finance Limited
    ₹27730% ₹36772% ₹607185%
    56 M cap ₹482 crr:r 14.46 FY26→FY27 · 15% guided · 8.44x vs 11.27x peers
    We are able to recover more than as we have already shown that with a lack effect of 15 to 18 months we are able to recover more than 90% of our NPA and we are very confident that whenever NPA happens, we are able to resolve withi
  21. INOXWIND Inox Wind Limited
    ₹72-8% ₹13572% ₹232197%
    57 M cap ₹17.0k crr:r 9.26 FY26→FY27 · 119% guided · peer multiple
    Once this scheme receives the final approval from the NCLT, gross block of around INR 1,000 crores will be eliminated from Inox Green's balance sheet and subsequently, the annual depreciation of around INR 50-INR 55 crores will be
  22. PATANJALI Patanjali Foods Limited
    ₹343-3% ₹60270% ₹947167%
    68 M cap ₹38.6k crr:r 13.96 FY26→FY27 · 4% guided · 34.7x vs 20.92x peers
    Abneesh Roy: In terms of outlook, how do you expect toothpaste for example, last one year toothpaste competitive intensity, promotional intensity has been high and there is the LUP, the GST benefit also because 30%-40% for the ind
  23. SPEB Speb Adhesives Limited
    ₹80-3% ₹13969% ₹236186%
    49 M cap ₹185 crr:r 13.8 FY26→FY27 · 28% guided · peer multiple
    We will be utilizing only, you know, around 20-30,000 square feet out of 1,60,000 square feet.
  24. INFY Infosys Limited
    ₹1,30716% ₹1,89368% ₹2,20895%
    71 M cap ₹458.5k crbase in liner:r 13.5 FY26→FY27 · 10% guided · 23.67x vs 20.12x peers
    In terms of the large deal that we talked about with the European client where we decided to not bid beyond the point because it did not make commercial sense or economic sense as Salil said, that will have an additional impact in
  25. PARKHOTELS Apeejay Surrendra Park Hotels Limited
    ₹102-16% ₹20668% ₹345182%
    42 M cap ₹2.6k crr:r 4.16 FY26→FY30 · 15% guided · peer multiple
    In FY '25, we made strong progress on our sustainability goals, achieving meaningful reductions in emissions, energy and water use and expanding solar adaptation across our hotels with multiple properties earning IGBC Green Buildi
  26. CANTABIL Cantabil Retail India Limited
    ₹2606% ₹40665% ₹568131%
    69 M cap ₹2.0k crr:r 13.04 FY26→FY27 · 21% guided · 29.18x vs 29.32x peers
    624 per square feet sales per month, so when we open for the new stores we target that below 10% -- minus 10% may be come, because store used to grow fast in the second year.
  27. CIEINDIA CIE Automotive India Limited
    ₹48819% ₹67665% ₹1,097168%
    58 M cap ₹15.5k crbase in liner:r 13.08 FY26→FY27 · 15% guided · peer multiple
    Market demand was robust in Q2 C26, though we expect a gradual slowing down of growth over the next few quarters as the effect of GST cuts tapers down and the negative impact of an expected below normal monsoon season starts impac
  28. VIVIANA Viviana Power Tech Limited
    ₹7636% ₹1,17564% ₹1,897164%
    70 M cap ₹728 crr:r 12.7 FY26→FY27 · 23% guided · 19.22x vs 15.95x peers
    Nearly INR 9.20 lakh crores is expected to be invested in transmission infrastructure between financial years '25 to '32, while India's peak electricity demand is projected to almost double during this period from 238 gigawatt to
  29. SHARDACROP Sharda Cropchem Limited
    ₹94015% ₹1,32161% ₹1,665103%
    77 M cap ₹7.4k crbase in liner:r 12.22 FY26→FY27 · 10% guided · 15.91x vs 29.18x peers
    As we step into FY '26, we aim to increase the product registrations with a planned capex of INR450 crores to INR500 crores, backed by strong pipeline that reflects our resilience and growth focus.
  30. BRIGHOTEL Brigade Hotel Ventures Limited
    ₹49-18% ₹9560% ₹155161%
    49 M cap ₹2.3k crr:r 3.25 FY26→FY31 · 10% guided · peer multiple
    In FY '27, we will further strengthen the base with the launch of the Courtyard by Marriott in Chennai, World Trade Center, a 45-key hotel that complements our existing presence in high-demand business district of OMR in Chennai.
  31. IEX Indian Energy Exchange Limited
    ₹1341% ₹21160% ₹25492%
    67 M cap ₹11.8k crbase in liner:r 11.9 FY26→FY27 · 8% guided · 36.85x vs 10.95x peers
    On the power sector front, India's electricity demand at 423 billion units in quarter four FY26 increased moderately by 2.2% compared with Q4 FY25, though at 1,709 billion units, electricity consumption for FY26 remained almost fl
  32. SAREGAMA Saregama India Limited
    ₹470-10% ₹80955% ₹1,454178%
    58 M cap ₹10.1k crr:r 5.47 FY26→FY30 · 21% guided · 34.66x vs 28.9x peers
    With over 400 million Internet footprint, cash reserves, professional managerial depth and access to the soundtracks of the best movies and our ability now to attract best of the talent from the market, we will be able to guarante
  33. VINYAS Vinyas Innovative Technologies Limited
    ₹1,39712% ₹1,94455% ₹2,36389%
    50 M cap ₹1.6k crr:r 11.04 FY26→FY27 · 30% guided · peer multiple
    The margin profile, we expect it to grow between 2 to 3 basis points on the gross margin side, but it also gives us the leverage of being a full product, a full subsystem integrator for our different customers.
  34. KFINTECH Kfin Technologies Limited
    ₹918-2% ₹1,44654% ₹1,896102%
    70 M cap ₹16.2k crbase in liner:r 10.84 FY26→FY27 · 62% guided · 44.76x vs 27.38x peers
    EBITDA growth about 5% and margins have compressed and one would expect it to given we have added nearly -- on an annualized basis, little over $22 million of international revenue with little to no margin given the very early sta
  35. KSOLVES Ksolves India Limited
    ₹2893% ₹43554% ₹776176%
    71 M cap ₹665 crbase in liner:r 10.88 FY26→FY27 · 3% guided · peer multiple
    The benefit of our strategic investment, particularly in expanding our overseas presence and strengthening the capabilities are expected to translate into improved deal flow and better revenue transition over the coming quarters a
  36. MAPMYINDIA C.E. Info Systems Limited
    ₹1,100-7% ₹1,81053% ₹2,616121%
    60 M cap ₹6.5k crr:r 7.71 FY26→FY27 · 24% guided · 59.41x vs 29.36x peers
    Info Systems Limited May 20, 2026 We are encouraged by this shift and remain optimistic that this renewed upward trajectory will sustain through FY26-'27, supported by a stronger order pipeline of over INR1,750-plus crores, improv
  37. HPL HPL Electric & Power Limited
    ₹299-10% ₹50752% ₹833150%
    58 M cap ₹2.1k crr:r 5.2 FY26→FY27 · 26% guided · 28.43x vs 22.31x peers
    Gautam Seth [00:27:44.320 - 00:28:32.069] 5 HPL Electric & Power Limited | Q4 and FY26 Earnings Webinar Transcript Yeah, so I think, of course, I don't think I would be sharing too much of an internal information, but yes, we have
  38. MINDACORP Minda Corporation Limited
    ₹442-37% ₹1,06952% ₹1,797156%
    58 M cap ₹16.7k crr:r 1.42 FY26→FY30 · 20% guided · 34.79x vs 24.31x peers
    Coming to the performance from Minda Corporation for the Q3 FY26, the company has maintained its strong growth momentum, led by outperforming the automotive industry growth and achieved its highest ever quarterly revenue of INR 1,
  39. PROSTARM Prostarm Info Systems Limited
    ₹123-3% ₹19452% ₹300136%
    56 M cap ₹747 crr:r 10.5 FY26→FY27 · 25% guided · peer multiple
    As of end of FY26, our executable order in hand stood at approximately INR1106 crores along with the additional L1 orders of around INR96 crores, taking the overall order book to approximately INR1202 crores and providing strong r
  40. SHERA Shera Energy Limited
    ₹129-22% ₹24347% ₹365121%
    51 M cap ₹403 crbase in liner:r 2.19 FY26→FY27 · 7% guided · 18.88x vs 28.1x peers
    Sheikh Naseem: The initial installed capacity of that plant is 100 metric tons, which I expect 60% to 70% of its utilization capacity very soon in coming first quarter of this financial year -- the coming financial year.
  41. UNOMINDA UNO Minda Limited
    ₹1,2123% ₹1,73347% ₹2,571118%
    72 M cap ₹68.2k crr:r 9.36 FY26→FY27 · 73% guided · 48.38x vs 24.31x peers
    The PM E-DRIVE scheme has been allocated INR 1,500 crores in FY '27, which while lower than the earlier FY '26 budget outlay marks an increase over the revised estimate of INR 1,300 crores, signalling a calibrated continuation of
  42. HARIOMPIPE Hariom Pipe Industries Limited
    ₹366-6% ₹56946% ₹885127%
    56 M cap ₹1.2k crr:r 7.25 FY26→FY27 · 25% guided · 18.59x vs 19.52x peers
    Second part is whatever you said that around INR9.68 crores, whatever it may be, that amount we have invested, so, that actually in the lab, previously also we have clarified that the total project cost is around INR241 crores and
  43. LODHA Lodha Developers Limited
    ₹961-23% ₹1,82246% ₹3,449177%
    67 M cap ₹124.3k crbase in liner:r 2.04 FY26→FY27 · 18% guided · 45.05x vs 29.49x peers
    We still believe that India's mediumterm aspirations on GDP growth is to be higher than these levels of 6% to 7% and our sector, the real estate sector -- we expect that the real estate sector will play a positive contribution to
  44. AVG AVG Logistics Limited
    ₹146-28% ₹29444% ₹464127%
    57 M cap ₹387 crr:r 1.56 FY26→FY27 · 10% guided · 19.28x vs 20.77x peers
    Sanjay Gupta: No, we are giving them their investment value only and our target is to take the entire team along with the management of the company, which will work with us for the next 5 years, so the valuation which we are doing
  45. LINCOLN Lincoln Pharmaceuticals Limited
    ₹498-14% ₹82743% ₹1,00474%
    65 M cap ₹1.2k crr:r 3.14 FY26→FY28 · 22% guided · 12.63x vs 30.27x peers
    Still lot of regulatory has to come, but whatever we could start with and the regulatories we are waiting on that will add on to the value, but today we are doing about roughly around INR45 crores business, which we are targeting
  46. SUPRAJIT Suprajit Engineering Limited
    ₹5325% ₹72143% ₹1,011100%
    71 M cap ₹6.9k crr:r 8.6 FY26→FY27 · 72% guided · 31.47x vs 24.31x peers
    I think that is the reason why margin slight drop is there 2% at the Phoenix Lamps Division, which is what we are expecting to recover this year, because this year, first of all, the growth is expected to come back for various rea
  47. CMSINFO CMS Info Systems Limited
    ₹29713% ₹37542% ₹44167%
    59 M cap ₹4.2k crr:r 8.48 FY26→FY27 · 14% guided · 17.8x vs 31.35x peers
    Our ATM Management Solutions business is going through a period of transition and churn, which has a bearing on growth and profitability in H1, but our competitive position, strong business fundamentals with consolidation will del
  48. KRISHNADEF Krishna Defence and Allied Industries Limited
    ₹1,106-8% ₹1,70342% ₹2,474106%
    58 M cap ₹1.8k crr:r 5.47 FY26→FY28 · 30% guided · 39.47x vs 26.69x peers
    Ankur Shah: So these two companies also, both Conceptia and Waveoptix, as per their projection, they will also be growing; Conceptia at about 20%, and Waveoptix at about close to 30 odd%.
  49. STYL Seshaasai Technologies Limited
    ₹321-7% ₹49142% ₹890157%
    58 M cap ₹5.6k crbase in liner:r 5.66 FY26→FY27 · 8% guided · peer multiple
    However, now considering the geopolitical situation and also the uncertainty, we would like to probably wait until Q1, where we get a better grip of the situation, better visibility, and maybe in a position to give a guidance afte
  50. AMBUJACEM Ambuja Cements Limited
    ₹381-12% ₹61141% ₹968124%
    49 M cap ₹107.4k crbase in liner:r 3.45 FY26→FY27 · 3% guided · peer multiple
    In our larger aim of achieving 140 million tonnes by FY28, we are well poised to achieve 118 million tonnes by end of FY26 powered by our strategic brownfield expansions across various sites including Bhattapada, Salai Banwa, Dahe
  51. AWHCL Antony Waste Handling Cell Limited
    ₹367-14% ₹59740% ₹73272%
    63 M cap ₹1.2k crr:r 2.85 FY26→FY28 · 20% guided · 15.62x vs 16.19x peers
    Moreover, as higher value pursuing contracts gain traction and rising demand for scientific-based remediation and circular economy solutions, we anticipate an improved margin profile of around 20% to 23% going forward as well.
  52. NCC NCC Limited
    ₹130-8% ₹19740% ₹306117%
    63 M cap ₹8.8k crr:r 5.31 FY26→FY27 · 29% guided
    I know you can grow at 30%, 40% maybe next year, but at least you can guide 10% or 15% or 20%, some number to start with where you are at least confident you can grow.
  53. ROHLTD Royal Orchid Hotels Limited
    ₹262-16% ₹43640% ₹54674%
    62 M cap ₹853 crr:r 2.42 FY26→FY27 · 56% guided · 23.82x vs 44.5x peers
    Amit Jaiswal: See, if you really look at our investors' presentation, which I have uploaded in few days back, so our ADRs have grown in Q4 as well as in FY '25.
  54. MANAKCOAT Manaksia Coated Metals & Industries Limited
    ₹73-39% ₹16739% ₹356197%
    62 M cap ₹1.3k crbase in liner:r 1.01 FY26→FY28 · 40% guided · 22.27x vs 18.59x peers
    The other question of yours was the capex that we have already concluded is about INR140 crores, including the Alu-Zinc technology upgrade, the second color coating line, and the solar power plant, which largely today is in CWIP a
  55. DABUR Dabur India Limited
    ₹4568% ₹58238% ₹65956%
    66 M cap ₹74.8k crbase in liner:r 7.6 FY26→FY27 · 8% guided · 50.42x vs 36.59x peers
    Secondly, just wanted to understand for FY '27, as you mentioned earlier, that it is going to be a volume-led growth, and therefore at an overall value level, there is no price contribution, and therefore that would sort of put a
  56. DPABHUSHAN D. P. Abhushan Limited
    ₹1,033-22% ₹1,81838% ₹3,383157%
    66 M cap ₹3.0k crbase in liner:r 1.76 FY26→FY28 · 9% guided · 16.37x vs 56.04x peers
    My question would be, sir, in the last con-call management had mentioned a target of reaching 51 stores by FY30, but during the same discussion it was also indicated that the company plans to add three to four stores annually, whi
  57. RADIANTCMS Radiant Cash Management Services Limited
    ₹4214% ₹5038% ₹6477%
    68 M cap ₹389 crr:r 7.5 FY26→FY27 · 14% guided · 14.56x vs 32.4x peers
    Muthuraman: For FY -- see we have not put out a specific guidance, but like I think we had mentioned in the last earnings call also, our objective is to reach then 5 billion in revenue and 11% to 12% in PAT margins for FY27 and lo
  58. RALLIS Rallis India Limited
    ₹2160% ₹29938% ₹35764%
    59 M cap ₹4.2k crbase in liner:r 7.54 FY26→FY27 · 7% guided · 29.54x vs 18.08x peers
    The global crop protection market is estimated at roughly USD 70-80 billion in CY2026, depending on definition, and is expected to grow at around 4.5–6.5% CAGR, supported by rising food demand, limited arable land, and the need to
  59. IGIL International Gemological Institute Limited
    ₹291-18% ₹48437% ₹917159%
    54 M cap ₹15.3k crbase in liner:r 2.1 FY26→FY27 · 15% guided · peer multiple
    It is a pleasure to connect with you all and “Share Insights into our Business Strategy and Outlook.” International Gemmological Institute (India) Ltd November 05, 2025 I am happy to report that the company has seen strong growth
  60. SPECIALITY Speciality Restaurants Limited
    ₹89-33% ₹18337% ₹367176%
    54 M cap ₹646 crr:r 1.13 FY26→FY27 · 47% guided · 27.53x vs 195.97x peers
    Though 45 days have passed, the kind of euphoria which has been built up because of the GST rationalization, etc., which you all know better, we are working hard towards it so that at least this growth, whether we will be able to
  61. PIGL Power & Instrumentation (Gujarat) Limited
    ₹1127% ₹14236% ₹222113%
    52 M cap ₹219 crr:r 7.18 FY26→FY27 · 30% guided · 16.01x vs 16.09x peers
    Over INR40 lakh crores is expected to be invested in power sector over the next 7 to 10 years, driven by the major trends, the clean energy transition that is India's target of achieving 500 gigawatts of renewable capacity by 2030
  62. GODREJAGRO Godrej Agrovet Limited
    ₹6069% ₹75035% ₹96674%
    70 M cap ₹10.7k crr:r 6.96 FY26→FY27 · 15% guided · 26.55x vs 20.92x peers
    In terms of the cash flow, we expect that for the full year of FY '27, we will be sort of after taking care of the capex requirements of the year, which is close to INR400 crores, we should be left with around INR100 crores, INR12
  63. TARACHAND Tara Chand InfraLogistic Solutions Limited
    ₹51-8% ₹7535% ₹9369%
    64 M cap ₹434 crr:r 4.64 FY26→FY27 · 25% guided · 16.95x vs 14.12x peers
    The company has executed meticulous CAPEX in H1 FY26, particularly in September 2025 with a view to expand its footprint in the renewable energy sector which is expected to contribute more than 10% of the equipment rental revenues
  64. SUNLITE Sunlite Recycling Industries Limited
    ₹326-30% ₹62034% ₹1,267174%
    47 M cap ₹504 crr:r 1.15 FY26→FY28 · 12% guided · peer multiple
    Nitin Heda: I told you, I told you that earlier also, I think someone has asked, I told you that it will be 10% to 15% growth I am aiming for in '27 or '26-'27 because our CapEx would be live in '27-'28.
  65. CANFINHOME Can Fin Homes Limited
    ₹8868% ₹1,09133% ₹1,752114%
    73 M cap ₹10.9k crbase in liner:r 6.6 FY26→FY27 · 14% guided · 11.74x vs 16.0x peers
    Going forward, in terms of disbursement, we anticipate or we are hopeful that we should be able to do about INR3,200 crores to INR3,300 crores of disbursements in Q4 in line with our Q2 numbers, 45% in Q1 and 55% in Q2.
  66. ICRA ICRA Limited
    ₹5,36710% ₹6,52733% ₹7,59855%
    58 M cap ₹4.7k crbase in liner:r 6.62 FY26→FY27 · 10% guided
    As you know, the regulatory landscape in India has also been looking at areas like model governance in FY '25, RBI came out with guidelines on model governance and model validations that has become one area of growth for ICRA Anal
  67. SIYSIL Siyaram Silk Mills Limited
    ₹6061% ₹80333% ₹1,674178%
    72 M cap ₹2.7k crbase in liner:r 6.66 FY26→FY27 · 53% guided · 10.29x vs 15.99x peers
    Gaurav Poddar: So we have given an FY '26 guidance, and we've upgraded that guidance from 10% to 12% to 12% to 15% revenue guidance, and we maintain a 14% approximate EBITDA level with a 100, 150 basis points drop in retail.
  68. DODLA Dodla Dairy Limited
    ₹1,16412% ₹1,37732% ₹1,78872%
    68 M cap ₹6.3k crbase in liner:r 6.46 FY26→FY28 · 14% guided · 23.72x vs 22.73x peers
    This includes around INR271 crores of expansion capex in HR Food, INR86 crores in Maharashtra during FY '26, taking the cumulative Maharashtra spend across FY '25 and FY '26 to INR106 crores against a total project envelope of INR
  69. EPL EPL Limited
    ₹2303% ₹29532% ₹37870%
    70 M cap ₹7.1k crr:r 6.5 FY26→FY27 · 10% guided · 22.14x vs 10.06x peers
    The combined platform will be an emerging market leader with 75% of revenue coming from emerging markets in Asia, Africa and Latin America, which are growth oriented in nature.
  70. VRLLOG VRL Logistics Limited
    ₹245-8% ₹35132% ₹649144%
    63 M cap ₹4.7k crr:r 4.06 FY26→FY27 · 7% guided · 24.23x vs 15.78x peers
    Sunil Nalavadi: No, basically, this whatever volume growth we are anticipating, we are expecting, the 10% volume growth in next financial year, to cater to this demand, actually, we are adding these vehciles and adding the capacit
  71. BRIGADE Brigade Enterprises Limited
    ₹517-11% ₹76331% ₹1,162100%
    60 M cap ₹18.9k crr:r 2.88 FY26→FY27 · 18% guided · 32.7x vs 29.49x peers
    In both Bengaluru and Hyderabad, the share of FY 27 sales from new launches in mid-segment can be more front-ended, whereas in Chennai and ultra-luxury projects in general, the sales absorption is generally evenly distributed thro
  72. DLF DLF Limited
    ₹603-8% ₹86231% ₹1,532132%
    55 M cap ₹163.1k crr:r 3.62 FY26→FY27 · 22% guided · 39.47x vs 29.49x peers
    To the point that Puneet raised earlier, just to reiterate what Aakash said, next year, we should definitely have, in the current year, FY'26,27, we should have 1 big launch in DLF City, for sure, which should hopefully be in the
  73. KISSHT OnEMI Technology Solutions Limited
    ₹261-18% ₹41731% ₹748135%
    57 M cap ₹5.4k crr:r 1.73 FY26→FY27 · 17% guided · peer multiple
    Talking about future guidance on growth: We expect to grow at north of 40% in AUM, with disciplined asset quality and calibrated risk selection, while secured business scale-up is also expected to be strong.
  74. JKLAKSHMI JK Lakshmi Cement Limited
    ₹432-24% ₹73430% ₹1,477162%
    54 M cap ₹7.0k crr:r 1.28 FY26→FY27 · 5% guided · 21.13x vs 40.14x peers
    We expect total capex in FY27 to be around INR1,500 crores to INR1,700 crores and close to INR2,000 crores in the next year when we would be also taking up the -- we have already started, but it will ramp up the land acquisition a
  75. MARKSANS Marksans Pharma Limited
    ₹167-35% ₹33530% ₹598131%
    62 M cap ₹11.7k crr:r 0.84 FY26→FY28 · 43% guided · 17.7x vs 30.27x peers
    In line with our commitment to create a long-term shareholder value, the Board has recommended a final dividend of INR0.90 per equity share, representing a 90% payout on face value for FY26.
  76. WIPRO Wipro Limited
    ₹1946% ₹23830% ₹29158%
    69 M cap ₹181.7k crbase in liner:r 5.96 FY26→FY27 · 3% guided · 18.48x vs 21.77x peers
    My second question, Srini, was basically on -- again, sorry to harp on the Q1 guidance, once again, as Aparna mentioned, we are taking around half -- 1.5 months of contribution from the new deal that would approximately come to ar
  77. EMAMILTD Emami Limited
    ₹44111% ₹51429% ₹931134%
    62 M cap ₹17.5k crr:r 5.82 FY26→FY27 · 10% guided · 26.19x vs 45.28x peers
    We expect a gradual pickup in consumption, supported by easing inflation, recent income tax benefits to individual taxpayers, higher government CAPEX and a more accommodative monetary policy, including potential rate cuts.
  78. EPIGRAL Epigral Limited
    ₹924-15% ₹1,40829% ₹2,14297%
    47 M cap ₹4.7k crr:r 1.93 FY26→FY27 · 12% guided · 16.29x vs 18.8x peers
    With demand for both the products projected to maintain double-digit CAGR growth over coming years, our enhanced infrastructure is perfectly positioned to capture the India's growing market and hence drive significant top and bott
  79. AFFLE Affle 3i Limited
    ₹1,6001% ₹2,03428% ₹2,93685%
    51 M cap ₹22.3k crr:r 5.66 FY26→FY27 · 19% guided · 53.1x vs 27.38x peers
    Affle's growth story is of consistent compounding - for the last 5 years, we have delivered on our medium-term guidance across both topline and profitability on the back of our robust AI-powered consumer platform stack.
  80. JKIL J.Kumar Infraprojects Limited
    ₹376-22% ₹61528% ₹93193%
    58 M cap ₹3.6k crr:r 1.26 FY26→FY27 · 15% guided · 10.55x vs 16.16x peers
    Nalin Gupta: I think INR600 crores to INR700 crores is something that we can look at because there will be, of course, an increase in the term loan that we'll be seeing.
  81. PATINTLOG Patel Integrated Logistics Limited
    ₹8-41% ₹1828% ₹37165%
    56 M cap ₹96 crr:r 0.69 FY26→FY27 · -14% guided
    Increase will be from around 700 passenger aircraft to around 1,800 passenger aircraft which will also give us the growth opportunity for our company and for the country as a whole as well.
  82. RGL Renaissance Global Limited
    ₹88-25% ₹15028% ₹18962%
    55 M cap ₹1.3k crr:r 1.13 FY26→FY27 · 38% guided · 12.99x vs 26.8x peers
    With our current cost optimization program, we plan for our India division to break even in FY '26 and plan to accelerate growth in this high potential segment and we plan to expand our retail footprint in FY '26, reinforcing our
  83. ZFCVINDIA ZF Commercial Vehicle Control Systems India Limited
    ₹2,68611% ₹3,08728% ₹4,52587%
    60 M cap ₹27.5k crbase in liner:r 5.54 FY26→FY30 · 5% guided · 57.04x vs 24.31x peers
    I welcome you all for the ZF Commercial Vehicle Control Systems India Limited earnings call to brief on the Q2 FY 2025, '26 quarterly earnings, which will be presented by the management team of ZF Commercial Vehicle Control System
  84. PIIND PI Industries Limited
    ₹3,03010% ₹3,49527% ₹4,25355%
    67 M cap ₹41.7k crr:r 5.4 FY26→FY27 · 15% guided · 34.91x vs 22.65x peers
    As we see the opportunities in FY27, we expect a positive growth in FY27 led by recovery in exports in the second half, supported by new product launches especially our first homegrown NCE in the domestic business and our pharma &
  85. RUSTOMJEE Keystone Realtors Limited
    ₹326-19% ₹50727% ₹57444%
    52 M cap ₹5.1k crr:r 1.44 FY26→FY27 · 31% guided · 61.95x vs 29.49x peers
    Look, quite honestly, the INR 1,068 crores of presales, which has happened in the first quarter, which is almost 25% or crossing 25% of the entire target is a huge first in a lot of other ways also because quarter 1 usually has th
  86. TATACONSUM TATA CONSUMER PRODUCTS LIMITED
    ₹998-8% ₹1,37827% ₹1,71358%
    60 M cap ₹107.2k crbase in liner:r 3.44 FY26→FY27 · 28% guided · 68.93x vs 41.25x peers
    While we know we can drive 45% and we will continue to drive for that.
  87. INDGN Indegene Limited
    ₹389-24% ₹65026% ₹1,240141%
    38 M cap ₹12.4k crbase in liner:r 1.07 FY26→FY28 · 15% guided · peer multiple
    Suhas Prabhu: There would be marginal variations again on a quarter-on-quarter basis, given that there would be project-based revenues from customers, some of which will cross that $0.25 million level, which is when we consider th
  88. ADFFOODS ADF Foods Limited
    ₹223-18% ₹33825% ₹49482%
    65 M cap ₹3.0k crbase in liner:r 1.38 FY26→FY27 · 46% guided · 28.2x vs 46.71x peers
    Bimal Thakkar: So we feel -- see, for the INR1,000 crores guidance, we feel fairly confident of being able to achieve anywhere between INR925 crores to INR1,000 crores.
  89. LTTS L&T Technology Services Limited
    ₹3,287-8% ₹4,45125% ₹6,40780%
    62 M cap ₹37.7k crbase in liner:r 3.32 FY26→FY27 · 14% guided · 32.4x vs 29.36x peers
    • We expect margins to continue to improve further based on o Capital allocation towards high-growth segments and newer technologies in line with our Lakshya 31 strategy o Also, we will see improved segment mix with now Sustainabi
  90. ZTECH Z-Tech (India) Limited
    ₹425-19% ₹65525% ₹95181%
    39 M cap ₹765 crr:r 1.29 FY26→FY27 · 65% guided · peer multiple
    We believe FY27 will be an important inflection year for Z-Tech India as the operating leverage from parks and annuity revenue starts becoming more increasingly visible.
  91. DENTA Denta Water and Infra Solutions Limited
    ₹317-10% ₹43824% ₹59167%
    50 M cap ₹944 crr:r 2.26 FY26→FY27 · 20% guided · peer multiple
    Many of our projects are either under Jal Jeevan mission or under AMRUT mission where the contribution of central government is between 40% to 60% and once the projects are approved and funds are earmarked that fund will be alloca
  92. FORTIS Fortis Healthcare Limited
    ₹648-32% ₹1,17424% ₹1,59969%
    48 M cap ₹71.3k crr:r 0.77 FY26→FY29 · 15% guided · 55.92x vs 54.32x peers
    Of these in financial year '27, we expect to add capacity of more than 400 beds with a new tower at FMRI expected to be operationalized within weeks and balanced bed addition at Noida, Manesar and Amritsar as well as FHKI Kolkata
  93. JMFINANCIL JM Financial Limited
    ₹1306% ₹15224% ₹23290%
    66 M cap ₹11.7k crr:r 4.88 FY26→FY27 · 15% guided · 10.52x vs 11.27x peers
    Our expectation over the next, say, 5 quarters could be between the ARC as well as the additional recoveries, we should expect another INR700 crores to INR750 crores of further cash release in terms of these assets getting resolve
  94. POCL Pondy Oxides & Chemicals Limited
    ₹343-35% ₹64924% ₹84060%
    62 M cap ₹4.0k crr:r 0.68 FY26→FY27 · 52% guided · 23.54x vs 16.78x peers
    Against this backdrop of strategic progress, our operational performance in FY '26 remained exceptionally strong with the company achieving record production and sales volumes of both lead and copper, reflecting the strength of ou
  95. SCODATUBES Scoda Tubes Limited
    ₹116-21% ₹18124% ₹26380%
    62 M cap ₹877 crr:r 1.12 FY26→FY27 · 46% guided · peer multiple
    The project is expected to generate 137 lakh KWH annually, resulting in estimated electricity cost saving of INR8.63 crores per year, while also improving EBITDA margins by reducing our dependence on grid power and buffering utili
  96. BIKAJI Bikaji Foods International Limited
    ₹597-7% ₹78923% ₹1,05865%
    52 M cap ₹16.1k crr:r 3.27 FY26→FY27 · 20% guided · 61.3x vs 41.25x peers
    Harpreet: Like for some retailers, they do not purchase on purpose and being aware of the fact that discounted prices will be available from 24th of a month, which leads to stock runout and as a result, loss in your consumption, l
  97. HEROMOTOCO Hero MotoCorp Limited
    ₹5,6264% ₹6,63323% ₹8,04449%
    63 M cap ₹107.7k crr:r 4.64 FY26→FY27 · 30% guided · 17.85x vs 28.77x peers
    Can you share the export revenue for FY '26 in value terms and also the current dealer inventory, within that also, if you can give some light on scooter and EV because generally, that is where dealers say that if EV scooter inven
  98. NATHBIOGEN Nath Bio-Genes (India) Limited
    ₹156-2% ₹19623% ₹22441%
    76 M cap ₹302 crbase in liner:r 4.58 FY26→FY27 · 18% guided · 7.6x vs 21.29x peers
    Our predicament is that this inventory will get liquidated in H2, not Q3 in any case, H2 is Rabi, the vegetables and maize and certain other crops which go through, yes, but as far as cotton is concerned, it is going to go over to
  99. RATNAMANI Ratnamani Metals & Tubes Limited
    ₹2,127-10% ₹2,89623% ₹3,28639%
    65 M cap ₹16.6k crr:r 2.33 FY26→FY27 · 30% guided · 32.35x vs 18.59x peers
    Based on the current year's performance, the future outlook and the present challenging times, conservation of resources till things settle down, the Board has decided to recommend a lower dividend of INR10 per share, which will s
  100. TCIEXP TCI Express Limited
    ₹515-5% ₹66523% ₹84756%
    53 M cap ₹2.1k crr:r 4.54 FY26→FY27 · 8% guided · 29.01x vs 15.91x peers
    I mean if you were to take FY27 volume guidance from you, just if you can highlight on that because the volume guidance, which we have been giving due to different reasons, the numbers have been a little lower than that and which
  101. E2ERAIL E To E Transportation Infrastructure Limited
    ₹192-28% ₹32822% ₹51492%
    41 M cap ₹463 crr:r 0.8 FY26→FY28 · 45% guided · peer multiple
    We aim to build a resilient, innovation-led railway technology enterprise capable of crossing INR1,000 crores in annual revenue while sustainably expanding profitability through technology ownership, vertical integration, OEM capa
  102. PNCINFRA PNC Infratech Limited
    ₹146-41% ₹30122% ₹36749%
    59 M cap ₹6.3k crr:r 0.55 FY26→FY27 · -18% guided · 11.24x vs 16.16x peers
    ✓ With increased focus on expressways, access controlled greenfield alignments including 4 & 6 lane economic corridors, the expansion in lane-kilometres is expected to remain healthy, reflecting the Government’s continued emphasis
  103. VHLTD Viceroy Hotels Limited
    ₹85-37% ₹16322% ₹26598%
    37 M cap ₹895 crbase in liner:r 0.59 FY26→FY30 · 12% guided · peer multiple
    EBITDA for FY '26 increased by 20.6% year-on-year to INR 44.6 crores, while EBITDA margin improved significantly by 353 basis points to 29.8%, reflecting continued focus on operational efficiencies and disciplined execution across
  104. 20MICRONS 20 Microns Limited
    ₹144-25% ₹23221% ₹31865%
    48 M cap ₹681 crbase in liner:r 0.83 FY26→FY30 · 12% guided · 7.8x vs 23.03x peers
    What we have driven in our CapEx plan is by FY30 that we'll be accomplishing most of our projects in case the geopolitical scenario remains stable and supports our business fundamentals and targets, whereas we are expecting Roce a
  105. AMBER Amber Enterprises India Limited
    ₹3,085-58% ₹8,98421% ₹14,15690%
    62 M cap ₹26.2k crr:r 0.35 FY26→FY27 · 87% guided · 95.18x vs 28.01x peers
    On the expansion front, the construction is progressing well for Sidwal's Greenfield facility for Heating Ventilation Air Conditioning, Pantries, Doors and Gangways and is expected to commence trial operations from quarter 3 FY '2
  106. ARVSMART Arvind SmartSpaces Limited
    ₹450-24% ₹71721% ₹1,232108%
    58 M cap ₹2.7k crr:r 0.88 FY26→FY27 · 14% guided · 30.01x vs 29.49x peers
    We've been there for more than 10 years, and we are now in a position to almost participate in every micro market of Bangalore, which means there will be a large number of new project launches in Bangalore.
  107. RATNAVEER Ratnaveer Precision Engineering Limited
    ₹149-18% ₹21720% ₹30166%
    41 M cap ₹1.2k crbase in liner:r 1.09 FY26→FY27 · 20% guided · peer multiple
    In our washers product and the fasteners contribution, that will get 20% for the exports in a overall consolidated balance sheet is concerned, but remaining will be for the domestic.
  108. DIFFNKG Diffusion Engineers Limited
    ₹266-31% ₹45619% ₹1,044172%
    45 M cap ₹1.4k crr:r 0.62 FY26→FY27 · 20% guided · peer multiple
    Both these plants, which are splitting lines and enhanced electrode manufacturing facility are expected to become operational by Q3 and this will enable us to expand our manufacturing of special purpose electrodes and flux cored w
  109. GRINFRA G R Infraprojects Limited
    ₹804-9% ₹1,05119% ₹1,31949%
    64 M cap ₹8.6k crr:r 2.09 FY26→FY27 · 15% guided · 9.79x vs 16.16x peers
    Balance promoter contribution required to be made for our operational or under construction HAM BOT or power transmission project is INR3,205 crores, which we are expecting contribution of almost INR500 crores in the second half o
  110. MOTHERSON Samvardhana Motherson International Limited
    ₹111-26% ₹17919% ₹24361%
    57 M cap ₹159.0k crr:r 0.72 FY26→FY27 · 31% guided · 37.46x vs 24.31x peers
    As we had called out on Page 15 of our presentation, the consumer electronics capacity will be doubled by Q3 of fiscal '27 and which will also help us in improving the performance of this business and its contribution to the emerg
  111. AVANTIFEED Avanti Feeds Limited
    ₹774-14% ₹1,06518% ₹1,36452%
    53 M cap ₹12.3k crr:r 1.31 FY26→FY27 · 12% guided · 21.29x vs 20.92x peers
    The consolidated results indicate net impact of several factors, such as increase or decrease in income, expenditure and exceptional items relating to both Feed and Frozen division, which will be discussed in the following divisio
  112. ELIN Elin Electronics Limited
    ₹1087% ₹11918% ₹231129%
    66 M cap ₹499 crr:r 3.66 FY26→FY27 · 15% guided · 22.79x vs 66.27x peers
    Elin Electronics Ltd Q4 FY26 Investor Call 25.05.2026 Given the substantial quantum of increase in material and the sudden unexpected increase in labour minimum wage mid-month, we expect that the price transmission to be fully pas
  113. GOPAL Gopal Snacks Limited
    ₹180-33% ₹31818% ₹47274%
    48 M cap ₹3.4k crr:r 0.53 FY26→FY27 · 22% guided · peer multiple
    I just wanted to check Naveen ji as you guided this INR 330 to 350 crores delta for FY27 on product wise how do you look so basically, we have product like Gathiya, Namkeen, Pellets and Wafers these are the four category majorly w
  114. MONTECARLO Monte Carlo Fashions Limited
    ₹497-5% ₹61418% ₹99690%
    69 M cap ₹1.1k crr:r 3.5 FY26→FY27 · 16% guided · 9.83x vs 30.57x peers
    Sandeep Jain: Store expansion guidelines, already we have given that 40 to 45 stores will be opened this financial year also, So as far as guidance is concerned that the company s well positioned to grow in this financial year als
  115. WONDERLA Wonderla Holidays Limited
    ₹332-31% ₹56518% ₹67140%
    50 M cap ₹3.0k crr:r 0.59 FY26→FY27 · 17% guided · 37.41x vs 28.9x peers
    Dheeran Choudhary: I said we are hoping to see at least about -- our aim is to get to about 20% growth this year because there is a headroom of about 1 lakh, 1.2 lakhs footfall to get to it at a mature stage.
  116. SAKSOFT Saksoft Limited
    ₹113-33% ₹19817% ₹28367%
    50 M cap ₹2.2k crr:r 0.51 FY26→FY27 · 30% guided · 15.15x vs 21.77x peers
    Aditya Krishna: Jyoti, our guidance is the same, between INR1,000 crores and INR1,100 crores is where we hope to end this financial year at.
  117. SANDHAR Sandhar Technologies Limited
    ₹558-11% ₹72616% ₹1,18188%
    62 M cap ₹3.8k crr:r 1.45 FY26→FY28 · 15% guided · 16.64x vs 28.77x peers
    INR10.65 crores, it includes the Sundaram projects and other new projects, which is an exception, I would say, because second quarter, we are expecting the volume should come up and quarter 1 is always traditionally a lower volume
  118. ADOR Ador Welding Limited
    ₹1,221-16% ₹1,66615% ₹2,59380%
    57 M cap ₹2.5k crr:r 0.99 FY26→FY29 · 19% guided · 20.91x vs 36.75x peers
    Welding margins are abnormally lower in Q2, and we expect to return fairly fast to not only the steady state level we had prior to that, but within our target of pushing upwards from there to a few percent, which we think is defin
  119. BERGEPAINT Berger Paints (I) Limited
    ₹475-9% ₹59715% ₹80354%
    60 M cap ₹60.7k crr:r 1.68 FY26→FY27 · 10% guided · 56.2x vs 34.62x peers
    You know, in fact, the gap between us and them in the fourth quarter was 9.5%, you know, so they stand at an advantage of 9.5% starting  So obviously, I would expect that the growth rates will be higher in their case compared to
  120. MTARTECH Mtar Technologies Limited
    ₹3,952-31% ₹6,56215% ₹9,94474%
    60 M cap ₹17.6k crr:r 0.47 FY26→FY27 · 143% guided · 87.25x vs 26.69x peers
    Srinivas Reddy: No, I've said we are based on the kind of requirements by the various customers that we have and the latest inputs that we have, it is very clear that we have the guidanceearlier we mentioned as 50% of revenue grow
  121. POWERICA Powerica Limited
    ₹408-23% ₹61015% ₹91072%
    48 M cap ₹6.7k crr:r 0.66 FY26→FY27 · 10% guided · peer multiple
    On the segmental performance, our generator set business contributed 83% of the total revenue with a registering growth of 10.9% year-on-year and EBITDA margin of 9.1% and DG Sets powered by Cummins contributed approximately 66% o
  122. FLUOROCHEM Gujarat Fluorochemicals Limited
    ₹1,924-56% ₹4,97914% ₹7,33268%
    38 M cap ₹48.0k crr:r 0.25 FY26→FY29 · 15% guided · 62.94x vs 22.65x peers
    To support this growth road map, we remain committed to our previously outlined guidelines of INR6,000 crores cumulative capex by FY '28 across the battery materials portfolio, with targeted asset turns of nearly 2x and EBITDA mar
  123. RUPA Rupa & Company Limited
    ₹133-18% ₹18414% ₹31596%
    65 M cap ₹1.3k crr:r 0.81 FY26→FY27 · 10% guided · 18.34x vs 30.57x peers
    We project revenue growth of 10% to 12% in financial year '27, largely led by volumes and expect our EBITDA margin to be in the range of 9% to 10%.
  124. AARTIPHARM Aarti Pharmalabs Limited
    ₹412-38% ₹75513% ₹1,18377%
    42 M cap ₹6.1k crr:r 0.35 FY26→FY29 · 18% guided · 23.85x vs 30.27x peers
    Ankit Gupta: And sir, on overall guidance for the CDMO, if you look at our FY2026 performance, we also had some spillover of CDMO revenue from Q4 2025 with Atali commencing operations in a full-fledged way by June 2026, audits hav
  125. INDHOTEL The Indian Hotels Company Limited
    ₹595-20% ₹83313% ₹1,09748%
    55 M cap ₹105.1k crbase in liner:r 0.66 FY26→FY27 · 7% guided · 53.27x vs 31.95x peers
    Other parts of our performance highlights for FY '26 is that on a consolidated basis, revenue for '25-'26 grew 16% year-on-year to INR9,971 crores, EBITDA grew 16% year-on-year to INR3,477 crores, yielding EBITDA margin of 34.9%.
  126. SANOFI Sanofi India Limited
    ₹2,542-23% ₹3,75413% ₹5,24658%
    40 M cap ₹7.6k crr:r 0.56 FY26→FY27 · 10% guided · 76.51x vs 28.43x peers
    Regarding the dividend proposal and based on the yesterday Board meeting, so the proposal to the general assembly will be plus 5% versus 2024.
  127. SUNDRMFAST Sundram Fasteners Limited
    ₹791-19% ₹1,10513% ₹1,37841%
    63 M cap ₹20.5k crr:r 0.68 FY26→FY27 · 10% guided · 35.71x vs 24.31x peers
    The only element which as expected is the tariff and the full brunt of the tariff has started impacting and some of our products are at 25%, some of them are 50% depending on the iron and steel content and that has had an impact a
  128. DHANUKA Dhanuka Agritech Limited
    ₹902-12% ₹1,14912% ₹1,40037%
    53 M cap ₹4.7k crr:r 1.06 FY26→FY27 · 11% guided · 16.24x vs 23.03x peers
    Riju: And sir, in terms of the rabi season that you have indicated the strong growth we are expecting for the rabi season, but if I do the math in terms of INR40 crores revenue from the Bayer product, I think we are expecting H2 r
  129. HERITGFOOD Heritage Foods Limited
    ₹295-11% ₹37012% ₹58276%
    54 M cap ₹3.1k crbase in liner:r 1.13 FY26→FY27 · 18% guided · 19.37x vs 24.91x peers
    The first half of FY '26 will be remembered as a period of resilience, recovery and renewal, one where we faced inflation and weather disruptions head on, yet remain firmly anchored to our purpose of building a sustainable value-d
  130. JNKINDIA JNK India Limited
    ₹309-29% ₹49012% ₹67955%
    50 M cap ₹2.4k crr:r 0.4 FY26→FY27 · 25% guided · peer multiple
    Looking ahead, JNK India will continue to emphasize financial discipline and capital efficiency in FY27, as well, the company is focused on sustaining profitability, enhancing operating margins and generating strong cash flow to s
  131. LOTUSDEV Sri Lotus Developers and Realty Limited
    ₹121-40% ₹22412% ₹38391%
    50 M cap ₹9.8k crr:r 0.3 FY26→FY27 · 55% guided · peer multiple
    We expect to launch two projects in Q4 FY26, Lotus Aquaria that is in Prabhadevi and Lotus Celestia in Versova, with a combined revenue potential of more than INR2,000 crores.
  132. MAHABANK Bank of Maharashtra
    ₹65-18% ₹8812% ₹13773%
    76 M cap ₹61.0k crbase in liner:r 0.62 FY26→FY27 · 18% guided · 8.22x vs 9.6x peers
    With the healthy CRAR of 18%, there is no urgent emergent need for raising the growth capital, but going forward, our guidance is to maintain at this healthy level, that makes the case for going for a capital raise to fund the gro
  133. ONEPOINT One Point One Solutions Limited
    ₹39-32% ₹6412% ₹9566%
    55 M cap ₹1.5k crr:r 0.37 FY26→FY27 · 19% guided · 37.24x vs 29.36x peers
    You have indicated a pipeline for two, three acquisitions over 5 years, and I suppose the EBITDA target, 18-20% EBITDA businesses with a path to, say, 25-30% via AI optimization.
  134. BRITANNIA Britannia Industries Limited
    ₹5,061-7% ₹5,96810% ₹6,48520%
    53 M cap ₹130.4k crr:r 1.55 FY26→FY27 · 9% guided · 52.06x vs 41.25x peers
    Anand Shah: So, if I then split it, so then just purely, if I remove West Asia, then normalized growth would be 9%, 9% for Jan, Feb, March, let's say, for example, I mean, it will be more smooth curve.
  135. MAYURUNIQ Mayur Uniquoters Ltd
    ₹564-25% ₹82210% ₹87717%
    52 M cap ₹3.3k crr:r 0.38 FY26→FY27 · 9% guided · 17.15x vs 12.97x peers
    Arun Bagaria: Export is around total 42.5% now and since we are focusing on export business more and especially automotive and export, therefore, it is expected to increase further.
  136. NAVINFLUOR Navin Fluorine International Limited
    ₹3,746-50% ₹8,35310% ₹11,19448%
    59 M cap ₹38.8k crr:r 0.21 FY26→FY27 · 17% guided · 54.98x vs 22.65x peers
    Anish Ganatra: So I had indicated that if you remember that when we talked of our $100 million target, we said 35% to 40% will come from this molecule, which I think has got more upward chances of bettering that because of obvious
  137. NRBBEARING NRB Bearing Limited
    ₹308-25% ₹4489% ₹65159%
    59 M cap ₹4.0k crr:r 0.37 FY26→FY27 · 87% guided · 16.25x vs 25.12x peers
    Harshbeena Zaveri: As I said, it depends on whether it will be INR250 crores more, whether it will be INR200 crores more, INR300 crores will depend on the kind of partnerships that we form for additional products beyond the INR250
  138. PROTEAN Protean eGov Technologies Limited
    ₹429-30% ₹6739% ₹1,230100%
    37 M cap ₹2.5k crr:r 0.3 FY26→FY27 · 25% guided · peer multiple
    Sandeep Mantri: That is what we are saying, so in the next 2 to 3 years, our aim is to get this total of 12% to 25% and most of it will be basically contributed by data stack-and ODE related projects, which is what we talked about
  139. SONAMLTD SONAM LIMITED
    ₹39-29% ₹598% ₹7536%
    49 M cap ₹221 crbase in liner:r 0.26 FY26→FY27 · 30% guided · 24.98x vs 26.8x peers
    I wanted to ask, Q1 FY’27 revenue grew by 75.6% on a year-on-year basis, you have given the guidance that full-year guidance will be 25% to 30% growth.
  140. CERA Cera Sanitaryware Limited
    ₹4,944-19% ₹6,5577% ₹7,52923%
    61 M cap ₹7.9k crr:r 0.36 FY26→FY27 · 10% guided · 37.58x vs 38.38x peers
    At the same time, we are also offering a higher margin to the distributors, like the kind of margins which we are offering to the distributors, will also be quite high so that it becomes attractive for them to stock also the produ
  141. BECTORFOOD Mrs. Bectors Food Specialities Limited
    ₹173-16% ₹2186% ₹30548%
    39 M cap ₹6.3k crr:r 0.34 FY26→FY27 · 15% guided · 41.25x vs 46.71x peers
    We will be working extensively on this strategy because this is a strategy to, take our distribution numbers, take our weighted availability numbers from currently about 30%-odd to in three years - four years, we definitely want t
  142. MGL Mahanagar Gas Limited
    ₹976-13% ₹1,1846% ₹1,80261%
    50 M cap ₹11.1k crbase in liner:r 0.44 FY26→FY27 · 10% guided · 12.56x vs 11.44x peers
    Coming to IBC, the first phase cost is roughly INR850 crores-odd, of that roughly INR350 crores to INR380 crores will be contributed by MGL, that is the range for the 40% stake in that Company.
  143. SYRMA Syrma SGS Technology Limited
    ₹1,008-26% ₹1,4466% ₹2,49382%
    73 M cap ₹26.3k crbase in liner:r 0.22 FY26→FY29 · 22% guided · 48.55x vs 66.27x peers
    Going forward, in the coming year, we believe that we are well poised to take sort of capitalize on the emerging opportunities and grow healthy growth rate across all verticals, such that we would be able to deliver a 30% growth r
  144. ULTRACEMCO UltraTech Cement Limited
    ₹10,646-11% ₹12,6756% ₹15,63931%
    48 M cap ₹350.5k crbase in liner:r 0.61 FY26→FY27 · 13% guided · 40.62x vs 26.78x peers
    I want to begin not with numbers, but where we stand as a company because fiscal '26, in my view, is a year that will be looked back on as a genuinely significant year in UltraTech’s story.
  145. SFL Sheela Foam Limited
    ₹559-29% ₹8215% ₹1,40079%
    46 M cap ₹8.6k crr:r 0.17 FY26→FY27 · 15% guided · 48.85x vs 34.62x peers
    Our E-Commerce business grew by 53% YoY over the last 9 months reaching net revenues of around 180 crores for the 9 month period, driven by a focused strategy, targeted consumer marketing, and portfolio expansion at value accretiv
  146. SOBHA Sobha Limited
    ₹555-60% ₹1,4385% ₹3,918186%
    44 M cap ₹14.7k crbase in liner:r 0.08 FY26→FY27 · 27% guided · 62.63x vs 29.49x peers
    Additionally, we expect to generate INR7,100 crores of marginal cash flow from forthcoming projects of 16.69 million square feet, which shall be launched over the next 6 quarters and the cash flow realized over 5- to 6-year timefr
  147. TATVA Tatva Chintan Pharma Chem Limited
    ₹1,223-32% ₹1,8745% ₹5,177190%
    37 M cap ₹4.2k crbase in liner:r 0.15 FY26→FY27 · 28% guided · 81.52x vs 22.65x peers
    Nirali Gopani: And sir, on this Electrolyte Salt also, we were expecting some INR15 crores, INR20 crores of revenue in this current year and eventually that going up to 10% of total revenue in FY '27.
  148. AARTIDRUGS Aarti Drugs Limited
    ₹363-14% ₹4394% ₹56233%
    50 M cap ₹3.9k crbase in liner:r 0.27 FY26→FY27 · 10% guided · 18.64x vs 30.27x peers
    Around 40-50% of captive Aarti Drugs Limited November 10, 2025 requirements are now being met internally and once the facility reaches full utilization at the end of FY26, we expect to achieve 100% captive consumption for our anti
  149. ASIANPAINT Asian Paints Limited
    ₹2,374-14% ₹2,8694% ₹3,41624%
    45 M cap ₹263.6k crbase in liner:r 0.32 FY26→FY27 · 9% guided · 58.37x vs 34.62x peers
    If approved, the total dividend for financial year 2025-26 will be ₹27.50 per equity share, compared with ₹24.80 per equity share in the previous year, representing an increase of about 11% and a payout of 60%.
  150. BANSWRAS Banswara Syntex Limited
    ₹47-62% ₹1294% ₹18348%
    46 M cap ₹423 crbase in liner:r 0.06 FY26→FY27 · 20% guided · 11.77x vs 15.99x peers
    Within the MMF, polyester as a fiber dominates and various government measures have already been introduced like the PLI and the reduction in the GST from 12% to 5% and this is expected to further stimulate the demand for our MMF-
  151. SBIN State Bank of India
    ₹830-19% ₹1,0694% ₹1,43740%
    61 M cap ₹947.8k crr:r 0.21 FY26→FY27 · 12% guided · 10.54x vs 9.41x peers
    Particularly, we had given the guidance that we would be having a double-digit corporate credit growth in Q3 and we hope to continue that double-digit growth in the corporate side in Q4 also, which means that RAM would significant
  152. AXISCADES AXISCADES Technologies Limited
    ₹642-59% ₹1,6033% ₹2,59867%
    43 M cap ₹6.6k crr:r 0.05 FY26→FY27 · 52% guided · 62.32x vs 29.36x peers
    To achieve this vision, we have taken up the following initiatives: We are aiming for a robust year-on-year growth of 40% in our core business areas for FY26 and FY27, with further acceleration of over 70% growth projected for FY2
  153. JSL Jindal Stainless Limited
    ₹451-39% ₹7583% ₹90824%
    46 M cap ₹60.5k crr:r 0.08 FY26→FY27 · 12% guided · 17.44x vs 19.52x peers
    I mean, barring the Maharashtra project, if you look at our debt today and the kind of cash flows we will actually have in the next six months to one year, we will largely be net debt free by FY27 given our normal CapEx of say 1,5
  154. PRIVISCL Privi Speciality Chemicals Limited
    ₹2,599-28% ₹3,7163% ₹8,119124%
    52 M cap ₹14.1k crbase in liner:r 0.1 FY26→FY27 · 20% guided · 36.97x vs 36.88x peers
    Sanjeev Patil: So, we have a very robust pipeline of products which will be operational over the next 15 months or so, which is a mix of products which are typical of Privi product range, which is reasonably large volume and gross
  155. RAINBOW Rainbow Childrens Medicare Limited
    ₹1,134-26% ₹1,5653% ₹1,98230%
    42 M cap ₹15.5k crbase in liner:r 0.1 FY26→FY27 · 14% guided · 50.31x vs 57.12x peers
    Vikas Maheshwari: For the two Bangalore units— Electronic City and Hennur, which is expected to commence operations in the coming weeks— a full-year EBITDA loss assumption of around INR 5–6 crores per unit for FY26–27 would be rea
  156. SUMICHEM Sumitomo Chemical India Limited
    ₹427-16% ₹5243% ₹58314%
    52 M cap ₹25.4k crbase in liner:r 0.17 FY26→FY27 · 3% guided · 46.76x vs 18.08x peers
    On product categories, in FY '26, herbicides registered a strong growth 87% year-over-year in Q4 and 19% for the full year driven by healthy traction of our soybean herbicide flumioxazin, very good adoption of our newly launched r
  157. THELEELA Leela Palaces Hotels & Resorts Limited
    ₹304-38% ₹5083% ₹73048%
    36 M cap ₹16.5k crone-off base r:r 0.07 FY26→FY27 · 10% guided · peer multiple
    These initiatives are being executed with disciplined capital allocation and are targeted to deliver a projected yield on cost of approximately 25%, reinforcing our focus on driving high returns from existing assets, while strengt
  158. VIJAYA Vijaya Diagnostic Centre Limited
    ₹1,021-24% ₹1,3843% ₹1,87239%
    56 M cap ₹13.8k crr:r 0.12 FY26→FY27 · 53% guided · 53.76x vs 34.27x peers
    Moving to the “Half-Yearly Performance”: Vijaya Diagnostic Centre Limited November 04, 2025 Consolidated revenue stood at INR390 crores, reflecting a healthy year-on-year growth of around 15% in line with our guidance.
  159. AJAXENGG Ajax Engineering Limited
    ₹505-13% ₹5892% ₹76632%
    38 M cap ₹6.6k crr:r 0.12 FY26→FY27 · 10% guided · peer multiple
    This performance is broadly in line with our consistent guidance indicating an approximately 200 basis points to 250 basis points decline in margin driven primarily by higher production costs and the calibrated approach that we ha
  160. GULFOILLUB Gulf Oil Lubricants India Limited
    ₹805-25% ₹1,0932% ₹1,43834%
    45 M cap ₹5.3k crr:r 0.09 FY26→FY27 · 8% guided · 14.24x vs 5.97x peers
    Manish Gangwal: First one, on the forex hedging, we have a well-defined Board-approved policy, and we take guidance of not only our bankers, we have 2 experts, forex experts, advisers in our panel who keep guiding us on the percen
  161. DCBBANK DCB Bank Limited
    ₹169-9% ₹1881% ₹25034%
    67 M cap ₹6.0k crbase in liner:r 0.1 FY26→FY27 · 12% guided · 7.36x vs 10.54x peers
    We certainly think that once we get the execution right on that, it'll -- today we are incurring the cost, not getting the benefit, but Q3, I can clearly see, we will be getting the benefit of the incremental investments we've don
  162. MMFL MM Forgings Limited
    ₹386-29% ₹5511% ₹70629%
    47 M cap ₹2.6k crr:r 0.03 FY26→FY28 · 20% guided · 16.19x vs 24.21x peers
    We have identified a few parties, we signed up with them, and we expect to save about INR15 crores this year, this year means FY '27, on power costs by shifting over from grid power to EB power.
  163. SHAREINDIA Share India Securities Limited
    ₹148-17% ₹1811% ₹25141%
    39 M cap ₹3.9k crbase in liner:r 0.08 FY26→FY27 · 12% guided · 10.95x vs 11.27x peers
    Kamlesh Shah: As Sachin Ji has already told, on clientele business, there will be no impact, because we will continue to get bank guarantees for the clientele work, and on prop side, we have net worth of INR 2655 crore on a consol
  164. UNIPARTS Uniparts India Limited
    ₹534-27% ₹7331% ₹1,00037%
    57 M cap ₹3.3k crr:r 0.03 FY26→FY27 · 40% guided · 14.94x vs 25.12x peers
    Tanushree Bagrodia: So, I think, Viraj, when we say our new order business for the trailing 12-months is about Rs.200 crores, it means that this is the business awards that we have got, which will be now operationalized over diffe
  165. CRAMC Canara Robeco Asset Management Company Limited
    ₹149-43% ₹2610% ₹40053%
    34 M cap ₹5.2k crbase in liner:r -0.0 FY26→FY27 · 1% guided · peer multiple
    I would like to highlight upon in 9 months for FY26 financials, the company has accounted for a one-time employee benefit expenditure to the tune of INR10.15 crores, largely on account of new labor laws and IPO-related expenses.
  166. ECLERX eClerx Services Limited
    ₹1,168-37% ₹1,8440% ₹2,36128%
    46 M cap ₹17.4k crr:r -0.0 FY26→FY27 · 26% guided · 19.46x vs 32.4x peers
    Fashion and Luxury had a sluggish year, but our CLX business is expected to return to growth in H1 FY '27, supported by new GenAI wins at a key client, as well as what we are seeing as some positive green shoots in the fashion and
  167. BETA Beta Drugs Limited
    ₹831-63% ₹2,208-1% ₹3,88774%
    45 M cap ₹2.3k crbase in liner:r -0.02 FY26→FY30 · 20% guided · 26.02x vs 30.27x peers
    On the Cosmetology side, yes, this is a concern, but now we have received some registrations as an in-licensing from a European Company for fillers, which will be commercialized in the next 2 months.
  168. GMMPFAUDLR GMM Pfaudler Limited
    ₹473-45% ₹858-1% ₹1,24644%
    42 M cap ₹3.9k crr:r -0.02 FY26→FY27 · 9% guided · 60.97x vs 28.01x peers
    Last time we were expecting pickup to happen in India from end of the year or specifically Q3 onwards, if you can provide some color as to what is the interaction that you are having with clients across all the three geographies,
  169. BAJFINANCE Bajaj Finance Limited
    ₹912-20% ₹1,115-2% ₹1,67347%
    66 M cap ₹710.8k crbase in liner:r -0.11 FY26→FY27 · 16% guided · 31.58x vs 14.12x peers
    All goes well in the next year based on the estimates that we have done, the number could range between INR 300 crores to INR 400 crores of additional provisioning, which will ensure that not only are we taking action in the curre
  170. NUVAMA Nuvama Wealth Management Limited
    ₹937-48% ₹1,770-2% ₹2,88660%
    44 M cap ₹32.9k crbase in liner:r -0.04 FY26→FY27 · 22% guided · peer multiple
    Once we hit 60%, and hopefully, that, we should hit by, let's say, June next year maximum, it will be time to move to the next fund, which can either have a similar mandate or a broader mandate because now we are more experienced
  171. PENIND Pennar Industries Limited
    ₹118-29% ₹161-2% ₹24146%
    53 M cap ₹2.2k crr:r -0.09 FY26→FY27 · 11% guided · 14.06x vs 19.52x peers
    Aditya Rao: I mean, we can't give revenue guidance, but we can definitely tell you that from an order booking point of view, we are doing about $2 million, about INR18 crores - INR20 crores per month.
  172. SUPREMEIND Supreme Industries Limited
    ₹2,193-37% ₹3,409-2% ₹4,41928%
    47 M cap ₹44.0k crbase in liner:r -0.04 FY26→FY27 · 15% guided · 39.47x vs 35.28x peers
    Varun: Sir, on the PVC segment like plastic pipe segment, like overall, what is the realization that we aim, suppose as PVC kind of stabilize around INR75 per kg.
  173. 360ONE 360 ONE WAM LIMITED
    ₹868-24% ₹1,098-3% ₹1,25611%
    46 M cap ₹46.2k crbase in liner:r -0.14 FY26→FY27 · 17% guided · 31.35x vs 19.19x peers
    I think on that part of the business, I mean, despite being a relatively weak and volatile quarter, you're still kind of clocking around that Rs 140, 150 crores, which historically used to be towards the upper end of your guidance
  174. ASIANENE Asian Energy Services Limited
    ₹222-44% ₹384-4% ₹62256%
    42 M cap ₹1.9k crr:r -0.08 FY26→FY27 · 26% guided
    However, we would like to clarify that this is largely a timing-related impact rather than a loss of revenue and the deferred revenue are expected to recognise in FY '27 over the coming quarters as the operating environment normal
  175. AGI AGI Greenpac Limited
    ₹490-31% ₹673-5% ₹1,24876%
    50 M cap ₹4.6k crbase in liner:r -0.17 FY26→FY27 · 8% guided · 11.44x vs 10.47x peers
    Scheduled for commissioning in March 2027, the 500 tons per day facility is expected to increase our glass container capacity by approximately 25% and significantly strengthen our footprints across key consumption markets, particu
  176. TALBROAUTO Talbros Automotive Components Limited
    ₹204-50% ₹387-5% ₹47918%
    55 M cap ₹2.5k crr:r -0.1 FY26→FY27 · 61% guided · 14.27x vs 30.98x peers
    Navin Juneja: Revenue target last time I said it will be delayed by 6 to 9 months, maybe 10, 12 months because lot of uncertainty, anxiety has happened in the market, I don't know, which is -- both stuff has - I don't know, it cre
  177. USHAMART Usha Martin Limited
    ₹224-55% ₹473-5% ₹55111%
    51 M cap ₹15.1k crbase in liner:r -0.08 FY26→FY27 · 28% guided · 24.14x vs 24.21x peers
    The core Wire Rope segment remained at the same level on a Y-o-Y basis and is expected to gain momentum in FY26, supported by a recovery in demand, and the ongoing “One Usha Martin” initiative.
  178. METROPOLIS Metropolis Healthcare Limited
    ₹466-20% ₹548-6% ₹70020%
    49 M cap ₹12.1k crr:r -0.29 FY26→FY27 · 19% guided · 50.41x vs 34.27x peers
    Surendran Chemmenkotil: Well, I think there will be some impact of the B2C, B2B mix, but we are not envisaging any significant shift in the B2C, B2B mix going forward, which is at currently 59%, 41% (19:44 Inaudible) and the B2C c
  179. PRINCEPIPE Prince Pipes And Fittings Limited
    ₹184-30% ₹247-6% ₹41658%
    26 M cap ₹2.9k crr:r -0.21 FY26→FY27 · 9% guided · 34.18x vs 28.01x peers
    Nihar Chheda: So 15% also is double digit, but I will -- given the so many variables that are there in the market, we have always been conservative with guidance, and then we prefer to let the numbers do the talking, and that's ho
  180. CYIENT Cyient Limited
    ₹745-12% ₹785-7% ₹9087%
    34 M cap ₹9.4k crbase in liner:r -0.61 FY26→FY28 · 0% guided · 20.35x vs 34.45x peers
    I also want to reiterate that the Board has asked us to continue to stick with the 40% to 50% payout, which is what has been given back to shareholders every year, and this will now happen not just through dividend, but through th
  181. ALKYLAMINE Alkyl Amines Chemicals Limited
    ₹829-54% ₹1,646-8% ₹2,42036%
    41 M cap ₹9.2k crr:r -0.15 FY26→FY27 · 10% guided · 42.51x vs 22.65x peers
    Kirat Patel: So if you recollect, we had commissioned a plant about a year and a half ago for about 30,000 tons, anticipating that this would give us enough capacity for the next few years, because these are plants that you set up
  182. ELLEN Ellenbarrie Industrial Gases Limited
    ₹117-56% ₹242-8% ₹51896%
    30 M cap ₹3.7k crr:r -0.14 FY26→FY28 · 20% guided · peer multiple
    Uh site uh for the plant has more or less been finalized, but I think we are not in a position to make an announcement yet because it's not been sort of 100% finalized, but I'm hoping that next time we speak to the investors we wi
  183. MBAPL Madhya Bharat Agro Products Limited
    ₹55-66% ₹148-8% ₹376135%
    51 M cap ₹7.0k crbase in liner:r -0.11 FY26→FY28 · 37% guided · 23.11x vs 18.08x peers
    Pukhraj Kanther: If you are asking for the specific numbers, you can estimate that for the Dhule project, we are targeting around 60% capacity utilization for the new Dhule NPK/DAP plant, while our existing facilities are expected
  184. SURYAROSNI Surya Roshni Limited
    ₹162-32% ₹221-8% ₹27615%
    56 M cap ₹5.2k crr:r -0.24 FY26→FY27 · 21% guided · 13.92x vs 19.52x peers
    Looking ahead to FY27, we are targeting overall volume of 11 lakh tons, representing growth of nearly 21% to 22% over FY26, supported by improving utilization levels, phased commissioning of new capacities and strong contribution
  185. UHTL United Heat Transfer Limited
    ₹56-48% ₹101-8% ₹238118%
    41 M cap ₹207 crr:r -0.16 FY26→FY27 · 35% guided · peer multiple
    It will be less than that, it will be 20%, 30% of what we are supplying now.
  186. VIYASH Viyash Scientific Limited
    ₹147-42% ₹232-8% ₹48291%
    34 M cap ₹11.0k crone-off base r:r -0.19 FY26→FY28 · 0% guided · 57.21x vs 28.43x peers
    Of course, aspiration, I feel practically guys, 5 years 15%-20% CAGR is one thing, but when you see the spike it can go one year actually, you may like you have seen our EBITDA growth 50%-60% this quarter at 9months, we cannot exp
  187. BALAMINES Balaji Amines Limited
    ₹1,168-45% ₹1,938-9% ₹2,68426%
    42 M cap ₹6.9k crbase in liner:r -0.2 FY26→FY28 · 30% guided · 22.22x vs 23.03x peers
    Looking ahead, we enter FY27 with a positive, but measured outlook, our focus will be on improving utilization across clients completing ongoing projects on schedule, strengthening, operating leverage and scaling up new products i
  188. LGEINDIA LG Electronics India Limited
    ₹1,151-23% ₹1,360-9% ₹1,476-1%
    34 M cap ₹101.2k crr:r -0.39 FY26→FY27 · 10% guided · peer multiple
    Talking about the Q1 FY27 outlook by segment, starting with the Home Appliance and Air Solutions, we are now witnessing strong demand momentum in room air conditioners and washing machines, supported by premium refrigerators, incl
  189. APCOTEXIND Apcotex Industries Limited
    ₹413-32% ₹552-10% ₹81834%
    49 M cap ₹3.2k crr:r -0.3 FY26→FY28 · 10% guided · 23.34x vs 22.65x peers
    Abhiraj Choksey: Maybe partially, but I think, you know, look, quarter-on-quarter, sometimes that does happen, you get some large orders in one quarter, it goes up, but our endeavor is to be at around 35%, and over time grow it to
  190. BALKRISIND Balkrishna Industries Limited
    ₹1,929-22% ₹2,225-10% ₹2,6346%
    40 M cap ₹47.9k crbase in liner:r -0.46 FY26→FY27 · 17% guided · 29.57x vs 18.58x peers
    With continued expansion of our market reach, additional product lines and expectations of a more favorable macro environment and tariff environment, we are well positioned for a longterm growth momentum and move steadily towards
  191. PHOENIXLTD The Phoenix Mills Limited
    ₹866-54% ₹1,700-10% ₹2,66040%
    48 M cap ₹67.7k crbase in liner:r -0.19 FY26→FY27 · 10% guided · 45.2x vs 29.49x peers
    Over the coming quarters, we expect this repositioning to result in much stronger and improved brand mix, higher consumption and stronger rental income growth, ultimately supporting and driving the double-digit EBITDA growth that
  192. SKYGOLD SKY GOLD AND DIAMONDS LIMITED
    ₹341-47% ₹577-10% ₹80725%
    51 M cap ₹10.0k crr:r -0.22 FY26→FY27 · 21% guided · 26.8x vs 24.98x peers
    With our robust profitability strategic move towards advanced gold consumer GML, we are expecting moderation in our working capital cycle in coming quarters on track for working days of 52 to 55 days in FY '27, with target revenue
  193. GLOBUSSPR Globus Spirits Limited
    ₹510-42% ₹777-12% ₹2,172146%
    45 M cap ₹2.6k crone-off base r:r -0.28 FY26→FY27 · 7% guided · 23.0x vs 25.32x peers
    This proactive step acts as a massive catalyst for free cash flow by leveraging our strengthened credit profile to secure superior interest rates and optimizing the repayment schedule, we have systematically reduced our annual deb
  194. GODREJCP Godrej Consumer Products Limited
    ₹799-25% ₹945-12% ₹1,1336%
    56 M cap ₹109.5k crr:r -0.46 FY26→FY27 · 3% guided · 50.43x vs 36.59x peers
    At a consolidated level, while temporarily macroeconomic and pricing pressure in Indonesia and Latam may have moderated the full year EBITDA growth, we remain confident of a robust exit trajectory and sustain profitability momentu
  195. J&KBANK The Jammu & Kashmir Bank Limited
    ₹109-30% ₹137-12% ₹20531%
    52 M cap ₹17.2k crbase in liner:r -0.4 FY26→FY27 · 20% guided · 5.31x vs 10.54x peers
  196. JAGSNPHARM Jagsonpal Pharmaceuticals Limited
    ₹79-66% ₹200-13% ₹2373%
    42 M cap ₹1.5k crbase in liner:r -0.2 FY26→FY27 · 9% guided
    These steps of the board are fully reflective of the focus on improving the return on capital employed and or return on equity, as also their confidence in acceleration of business in FY27 and beyond, driving strong continued cash
  197. CREDITACC CREDITACCESS GRAMEEN LIMITED
    ₹856-46% ₹1,368-14% ₹2,05229%
    64 M cap ₹25.5k crr:r -0.31 FY26→FY27 · 16% guided · 24.35x vs 14.12x peers
    Over the past 6-plus years, involving 4 years of stress events, that is 2 years of COVID and 2 years of MFI credit cycle, the company's net worth increased from INR 2,734 Crore in FY20 to INR 8,347 Crore in Q1 FY27, compounding at
  198. RAJRATAN Rajratan Global Wire Limited
    ₹347-30% ₹424-14% ₹67637%
    44 M cap ₹2.5k crbase in liner:r -0.48 FY26→FY27 · 18% guided · 26.04x vs 24.14x peers
    Sunil Chordia: So, we have already decided to invest in the balance CAPEX, which is maximum Rs.20 to 25 crores, which will be sufficient to bring the modular machines to increase the capacity to 60,000 tons and we are placing all
  199. SUPRIYA Supriya Lifescience Limited
    ₹590-32% ₹745-14% ₹95911%
    46 M cap ₹7.0k crr:r -0.44 FY26→FY27 · 20% guided · 23.89x vs 30.27x peers
    Our progress towards the INR1,000 crores revenue milestone for FY27 remains on course, supported by a healthy pipeline planned launches our 3, 4 products each year and steady demand across core therapeutic segments, including anes
  200. IIFL IIFL Finance Limited
    ₹387-36% ₹515-15% ₹78629%
    52 M cap ₹25.9k crr:r -0.42 FY26→FY27 · 17% guided · 11.26x vs 16.0x peers
    Monu Ratra: So, I just wanted to share with you that if you see Y-o-Y the AUM growth is 22%, for the quarter-on-quarter it looks flat because usually the Q4 are pretty spiked, and I think we are almost in line with our expectation
  201. MALLCOM Mallcom (India) Limited
    ₹662-33% ₹831-15% ₹1,11113%
    35 M cap ₹615 crbase in liner:r -0.47 FY26→FY27 · 11% guided · 15.56x vs 30.57x peers
    We have spent Rs.95 crores Mallcom (India) Limited August 07, 2025 for Phase-I of the project and we expect a turnover of around Rs.10 to 15 crores from this unit in the current financial year.
  202. MPSLTD MPS Limited
    ₹1,539-43% ₹2,291-15% ₹3,69737%
    47 M cap ₹4.6k crbase in liner:r -0.35 FY26→FY27 · 36% guided
    In Research, which is our largest segment now, about 55% of our revenue, hopefully in FY'27, the demand for integrity and verification, as Sukhwant mentioned in his opening remarks, is rising sharply as people are seeing lots of f
  203. SPLPETRO Supreme Petrochem Limited
    ₹261-63% ₹607-15% ₹91128%
    40 M cap ₹13.4k crr:r -0.24 FY26→FY28 · 10% guided · 28.79x vs 37.05x peers
    It is as far as we are concerned, as I said earlier, currently are operating at 80% of our capacity and though we have margin still, but going forward we may have also to look at de-bottling our plant or increasing our capacity at
  204. HAL Hindustan Aeronautics Limited
    ₹1,650-64% ₹3,890-16% ₹6,16933%
    41 M cap ₹310.7k crr:r -0.25 FY26→FY29 · 10% guided · 21.44x vs 39.47x peers
    We expect that since they have overcome the supply chain issue, the deliveries I think will continue in the succeeding years, and we should be over this supply chain problem as for the engine is concerned and the supplies in the s
  205. INDIANB Indian Bank
    ₹457-45% ₹702-16% ₹1,07729%
    54 M cap ₹112.7k crbase in liner:r -0.36 FY26→FY27 · 16% guided · 6.99x vs 9.6x peers
    Then cost-toincome ratio, of course, is one area where we have given guidance but actually, we ended up for the year at 46.03%, but we have taken course correction, and cost-to-income ratio has come down from 46.90% in December to
  206. MARICO Marico Limited
    ₹624-28% ₹736-16% ₹844-3%
    42 M cap ₹113.0k crr:r -0.55 FY26→FY27 · 10% guided · 49.27x vs 36.59x peers
    I think just probably you partly answered it, but on 4700 BC, if possible to share any color on what could be the potential margin levels at a scaled-up level or what you have say by FY30 since you've talked about a revenue target
  207. JASH Jash Engineering Limited
    ₹205-59% ₹421-17% ₹62424%
    50 M cap ₹3.2k crr:r -0.28 FY26→FY27 · 36% guided · 25.75x vs 30.98x peers
    If we are going back to business as usual next year, is it fair to assume that our operating model will also become same as earlier, and we will make around 20-24% operating margin and 12-14% PAT margin going forward next year.
  208. JGCHEM J.G.Chemicals Limited
    ₹226-55% ₹420-17% ₹82564%
    32 M cap ₹2.0k crr:r -0.3 FY26→FY27 · 10% guided · peer multiple
    In keeping with this sustainability agenda, I am pleased to inform you that we have commissioned Phase 1 of our solar power generation project at Naidupeta in FY26, which has progressively been ramping up our share of renewable en
  209. KDDL KDDL Limited
    ₹2,180-34% ₹2,740-17% ₹3,92519%
    37 M cap ₹4.1k crr:r -0.5 FY26→FY27 · 24% guided · 30.94x vs 24.98x peers
    If in the rare and unexpected situation that for years and years, the tariff remains at 50%, then of course, there will be an impact on India, there will be an impact on the U.S., there will be all kinds of impact- and then there
  210. TENNIND Tenneco Clean Air India Limited
    ₹316-41% ₹447-17% ₹74038%
    29 M cap ₹21.7k crr:r -0.41 FY26→FY28 · 10% guided · peer multiple
    It may not happen the very next year, it will take some time, but new technologies once they start, you know, post germination, once they become established, the idea is to make sure that we slowly creep up to that 90% level of lo
  211. LUMAXTECH Lumax Auto Technologies Limited
    ₹917-42% ₹1,282-18% ₹2,02029%
    45 M cap ₹10.7k crr:r -0.44 FY26→FY28 · 20% guided · 21.77x vs 25.12x peers
    In closing, while we remain watchful of the macroeconomic uncertainties, commodity inflation and the energy price volatility, the overall demand environment and industry outlook continues to be favourable, giving us confidence as
  212. ACUTAAS Acutaas Chemicals Limited
    ₹2,131-31% ₹2,487-20% ₹3,58716%
    32 M cap ₹25.4k crbase in liner:r -0.63 FY26→FY28 · 1% guided · 56.46x vs 28.43x peers
    Abhishek Patel: For FY '27, capex is largely the spillover capex of electrolyte additives as well as the pilot plant capex, which is around INR50 crores and around INR40 to INR45 crores of maintenance capex, that is what the alrea
  213. AMANTA Amanta Healthcare Limited
    ₹85-50% ₹136-20% ₹25149%
    34 M cap ₹652 crr:r -0.39 FY26→FY27 · 20% guided · peer multiple
    Our 10.8 megawatt captive solar power plant, expected to be commissioned by Q1 FY27, is projected to generate a cost saving of roughly INR9 crores, leading to annual EBITDA level/cost savings, enhancing operating leverage and sust
  214. VOLTAS Voltas Limited
    ₹522-61% ₹1,062-20% ₹2,01051%
    41 M cap ₹43.9k crr:r -0.33 FY26→FY27 · 15% guided · 81.3x vs 28.01x peers
    When I look at the Unitary product margins, which are close to around 3.2% for FY26 versus 8.4% in FY25, probably how should we look at the margins during FY27 and '28, given that you have highlighted about a lot of measures under
  215. STEELCAS Steelcast Limited
    ₹154-50% ₹243-21% ₹302-3%
    50 M cap ₹3.1k crbase in liner:r -0.43 FY26→FY27 · 20% guided · 23.65x vs 18.59x peers
    After peaking in the aftermath of the pandemic and energy shock, global headline inflation is now on a downward trajectory albeit more gradually than previously expected Revised projections indicate inflation will ease to 4.3% in
  216. ALICON Alicon Castalloy Limited
    ₹454-32% ₹526-22% ₹7166%
    25 M cap ₹1.1k crr:r -0.67 FY26→FY27 · 9% guided · 22.98x vs 25.12x peers
    Following the implementation of the revised labour codes earlier, the recent notification by Government of Haryana regarding an increase in minimum wages effective 1st April '26 is expected to increase the labour cost at our North
  217. BBOX Black Box Limited
    ₹428-43% ₹587-22% ₹1,01835%
    40 M cap ₹13.4k crr:r -0.52 FY26→FY30 · 8% guided · 34.72x vs 20.12x peers
    We expect starting fiscal '26, the first quarter that those will turn into large order books and from there we will take it forward to drive further growth in revenues and continue to be disciplined and maintain our march towards
  218. DYCL Dynamic Cables Limited
    ₹217-45% ₹306-22% ₹377-5%
    36 M cap ₹1.9k crbase in liner:r -0.5 FY26→FY28 · -2% guided · 18.23x vs 28.1x peers
    While the project implementation witnessed delays due to approval-related timelines and disruption in imported machinery deliveries arising from the ongoing Iran war-related logistics situations, the new capacities will be availab
  219. HEIDELBERG HeidelbergCement India Limited
    ₹88-42% ₹120-22% ₹18924%
    29 M cap ₹3.5k crbase in liner:r -0.51 FY26→FY27 · 7% guided · 21.79x vs 40.14x peers
    Management: So look, we have -- we anticipate that in the near term, the next quarter, our costs would be impacted by anywhere between INR100 to INR150 a ton, given our fuel mix and other things.
  220. MENONBE Menon Bearings Limited
    ₹130-38% ₹165-22% ₹24717%
    44 M cap ₹1.2k crbase in liner:r -0.57 FY26→FY27 · 34% guided · 18.03x vs 24.21x peers
    Exports currently account for around 30% of total revenue, or a little more than that, and that is being increased up to 35% by the end of this year, considering the export orders that we are already having in hand, and are projec
  221. SEALMATIC Sealmatic India Ltd
    ₹183-54% ₹308-22% ₹69777%
    27 M cap ₹427 crr:r -0.4 FY26→FY27 · 15% guided · peer multiple
    For the financial year 2025, Sealmatic has achieved a yearon-year organic order intake growth of 25%, which shall also lead to seamless operations, which will enhance profitability and increase in the top line.
  222. TVSMOTOR TVS Motor Company Limited
    ₹2,598-40% ₹3,382-22% ₹3,983-8%
    45 M cap ₹204.8k crbase in liner:r -0.54 FY26→FY27 · 10% guided · 48.39x vs 24.58x peers
    Over the last 5 years we have seen significant improvement and quarter-on-quarter in the last six quarters we have now come to 11.7%, and we are confident that we will continue to leverage its growth, better product mix, sustained
  223. CCL CCL Products (India) Limited
    ₹705-39% ₹892-23% ₹1,2024%
    38 M cap ₹15.4k crbase in liner:r -0.59 FY26→FY27 · 15% guided · 26.7x vs 46.71x peers
    These measures, the working capital efficiencies, the cash flow-centric approach and the focus on deleveraging that helped us transform the balance sheet and financials in FY26.
  224. FIEMIND Fiem Industries Limited
    ₹1,327-43% ₹1,798-23% ₹2,014-13%
    40 M cap ₹6.1k crr:r -0.53 FY26→FY28 · 1% guided · 18.12x vs 25.12x peers
    As we already informed the last call also, it is already there, and we are converting -- we have already converted 70% of those RFQs into a business and which will be under development right now.
  225. KEI KEI Industries Limited
    ₹1,908-62% ₹3,869-23% ₹5,3437%
    44 M cap ₹47.8k crr:r -0.37 FY26→FY27 · 17% guided · 34.51x vs 24.44x peers
    Rajeev Gupta: So basically, we capitalized around INR550 crores and balance will be capitalized when this machinery will get start as Anil ji had spoken about the control cable of the electron beam in April and then more machinery
  226. BHAGYANGR Bhagyanagar India Limited
    ₹166-56% ₹291-24% ₹55245%
    45 M cap ₹1.2k crone-off base r:r -0.42 FY26→FY27 · 32% guided · 14.06x vs 28.1x peers
    During today's call, the management will discuss the company's operational and financial performance for the first quarter of FY27, followed by an update on key business developments, strategic priorities and the outlook ahead.
  227. EMSLIMITED EMS Limited
    ₹227-45% ₹313-24% ₹4223%
    31 M cap ₹2.3k crr:r -0.53 FY26→FY27 · 20% guided · peer multiple
    Otherwise, seeing the scope of work, we could have grown with the 50% also but 25% to 30% growth is our target because we do not want to take any debt.
  228. ADVAIT Advait Energy Transitions Limited
    ₹1,062-54% ₹1,738-25% ₹2,76820%
    36 M cap ₹2.5k crr:r -0.46 FY26→FY27 · 40% guided · peer multiple
    We are expecting the revenue from first full financial year is roughly anything between INR200 crores to INR300 crores steadily adding up, considering the market demand and upcoming time ahead potential from the inquiries coming f
  229. BANSALWIRE Bansal Wire Industries Limited
    ₹161-49% ₹235-25% ₹3253%
    27 M cap ₹4.9k crbase in liner:r -0.52 FY26→FY27 · 20% guided · peer multiple
    For the full year, volumes stood at 4.58 lakh metric ton, compared to 3.44 lakh metric ton in FY25 (erroneously said FY26), translating into 33% year-on-year growth and making the highest annual sales volume achieved by the Compan
  230. FSL Firstsource Solutions Limited
    ₹116-62% ₹227-25% ₹3247%
    52 M cap ₹21.1k crr:r -0.4 FY26→FY27 · 10% guided · 21.61x vs 32.4x peers
    Basically, in the healthcare segment, we have very recently heard of a lot of concerns about the government spending that was supposed to be, is much lower, just increased by 0.5% on a YoY basis as compared to general expectations
  231. GREENPLY Greenply Industries Limited
    ₹181-37% ₹213-25% ₹32012%
    50 M cap ₹3.6k crbase in liner:r -0.69 FY26→FY27 · 10% guided · 27.14x vs 35.04x peers
    We are confident to achieve the target of 10% volume growth in plywood and 25% to 30% volume growth in MDF segment for the full year and remain committed to delivering consistent profitable growth while creating a long-term value
  232. SIS SIS LIMITED
    ₹197-53% ₹318-25% ₹55632%
    49 M cap ₹6.0k crr:r -0.46 FY26→FY27 · 11% guided · 29.36x vs 32.4x peers
    The term rebound is effectively, as Vineet was explaining, if you look at our revenue performance over the last few years, in absolute terms, I think what you will see in FY '26 basis first half results is probably the highest rev
  233. SSWL Steel Strips Wheels Limited
    ₹190-39% ₹232-25% ₹36317%
    45 M cap ₹4.9k crbase in liner:r -0.65 FY26→FY27 · 20% guided · 15.04x vs 25.12x peers
    I think from the steel wheel side, as we have said that if the industry grows between 5% to 6% on the PV side, I think the lion's share of the growth will be taken up by the alloy side because slow and steady migration from steel
  234. GALAPREC Gala Precision Engineering Limited
    ₹558-49% ₹804-26% ₹999-9%
    32 M cap ₹1.4k crr:r -0.54 FY26→FY27 · 20% guided · peer multiple
    At our Chennai factory, we are really happy that post-IPO, we really accelerated this implementation of the project, and we are happy to inform you that we started from 1 crore sales in August, now targeting 4 crore sales by Septe
  235. INDOBORAX Indo Borax & Chemicals Limited
    ₹193-48% ₹277-26% ₹332-11%
    28 M cap ₹1.2k crr:r -0.54 FY26→FY27 · 30% guided · 13.6x vs 23.03x peers
    Maybe we can, but right now we have taken a target of even increasing 50% of the business in a year's time and that will continue to grow high double-digit in the coming years.
  236. IRISDOREME Iris Clothings Limited
    ₹26-52% ₹39-26% ₹6624%
    38 M cap ₹1.0k crbase in liner:r -0.51 FY26→FY27 · 26% guided · 36.41x vs 27.93x peers
    I'm just asking like how will -- this whole quarter 1 you already done like INR47 crores of revenue and you are like previously targeted INR300 crores to INR500 crores of incremental revenue from new facility.
  237. MOLDTECH Mold-Tek Technologies Limited
    ₹59-62% ₹113-26% ₹18018%
    45 M cap ₹443 crr:r -0.42 FY26→FY27 · 38% guided · 23.43x vs 15.95x peers
    Going forward we also taken these two steps of signing these MOUs because we will be a part of the building revenues we can get from the building value rather than just providing the designing and detailing services which hardly c
  238. ASKAUTOLTD ASK Automotive Limited
    ₹291-45% ₹388-27% ₹61016%
    29 M cap ₹10.4k crr:r -0.59 FY26→FY27 · 4% guided · peer multiple
    As far as your second part is concerned on the margin improvement that also very clearly we had mentioned in the last call, that 80 basis point, we will improve from 12.2% to 13% just by this wheel assembly business is going, beca
  239. TATACAP Tata Capital Limited
    ₹147-60% ₹260-29% ₹50538%
    49 M cap ₹153.9k crbase in liner:r -0.48 FY26→FY28 · 23% guided · peer multiple
    I am confident that this momentum will strengthen further in the second half of FY'26, supported by easing liquidity conditions, lower cost of funds, improving asset quality in these segments and renewed demand across both Retail
  240. BEL Bharat Electronics Limited
    ₹163-58% ₹271-30% ₹48024%
    43 M cap ₹283.5k crbase in liner:r -0.52 FY26→FY27 · 22% guided · 26.69x vs 39.47x peers
    Regarding the margins, etcetera, it is too early to say whether it will be a bit more than that or a bit less than that because once we finalize contracts -- back-to-back contract with our Tier 1, Tier 2 suppliers, then only we ca
  241. GRASIM Grasim Industries Limited
    ₹1,201-61% ₹2,169-30% ₹3,3317%
    40 M cap ₹211.0k crr:r -0.49 FY26→FY27 · 11% guided · 26.78x vs 40.14x peers
    The driving factors for this early success include: 1) Fastest capacity ramp-up in the world with 5 out of 6 plants commercialized until March 2025, adding 1,096 million liters per annum, in short MLPA capacity in FY '25, represen
  242. LTFOODS LT Foods Limited
    ₹176-57% ₹289-30% ₹54332%
    46 M cap ₹14.3k crbase in liner:r -0.52 FY26→FY27 · 32% guided · 12.18x vs 21.29x peers
    When I look at our revenue growth for FY '26 for India and U.S., which are together about 80% of the business, it's at 10% for India and about 8% to 9% for the U.S.
  243. MACPOWER Macpower CNC Machines Limited
    ₹645-56% ₹1,027-30% ₹1,5587%
    48 M cap ₹1.5k crbase in liner:r -0.53 FY26→FY27 · 30% guided · 23.33x vs 30.98x peers
    Rupesh Mehta: No, right now, we are not taking a lot of machinery, we are adding some constant assembly in some areas, some store material, and some machines which we have already ordered, so it will be including machines, INR30 c
  244. EXIDEIND Exide Industries Limited
    ₹186-59% ₹309-31% ₹368-18%
    43 M cap ₹38.3k crbase in liner:r -0.53 FY26→FY27 · 11% guided · 27.74x vs 24.31x peers
    Could you just elaborate the range of commitment that you mentioned with respect to the customers and if there are any delays on the plant side, because initially we had anticipated completion by the end of FY '25.
  245. PTC PTC India Limited
    ₹109-38% ₹121-31% ₹21925%
    27 M cap ₹5.2k crr:r -0.83 FY26→FY27 · 5% guided · 5.62x vs 15.46x peers
    People are now realizing the benefit of flexibility and I think market is migrating towards that situation in which there will be many mid-term contracts and even the contracts of the nature, which are not currently happening, tha
  246. CRISIL Crisil Limited
    ₹2,414-45% ₹2,960-32% ₹6,08440%
    17 M cap ₹31.9k crbase in liner:r -0.72 FY26→FY27 · 7% guided · peer multiple
    We expect the bank credit to grow at around 13% in fiscal 2027, driven by healthy growth in MSME and retail segment, as well as the continued preference of corporates for bank credit rather than issuance of bonds due to the prevai
  247. DIVISLAB Divi's Laboratories Limited
    ₹3,778-53% ₹5,497-32% ₹6,934-14%
    31 M cap ₹213.9k crbase in liner:r -0.6 FY26→FY27 · 10% guided · 51.66x vs 28.43x peers
    Whether it would be difficult to sustain this or we can see expansion considering the new dedicated project, which will be commencing in the later part of the year Nilima Prasad Divi: See, right now, as we have shared, the capital
  248. KARURVYSYA Karur Vysya Bank Limited
    ₹183-46% ₹232-32% ₹312-9%
    35 M cap ₹33.1k crbase in liner:r -0.69 FY26→FY27 · -4% guided · 9.31x vs 10.54x peers
    We maintain an internal cap of 35%, growth will be pursued in either retail or agriculture segments based on prevailing circumstances as increased expansion in retail would also indirectly elevate the PSL requirements.
  249. STANLEY Stanley Lifestyles Limited
    ₹89-43% ₹106-32% ₹139-12%
    17 M cap ₹895 crr:r -0.76 FY26→FY29 · 10% guided · peer multiple
    As we reflect on FY26, I would like to begin by sharing some important updates on our business journey: Over the past year, we have remained focused on strengthening the foundation of the company through strategic corrections, inv
  250. HDFCAMC HDFC Asset Management Company Limited
    ₹1,502-43% ₹1,747-33% ₹2,263-14%
    31 M cap ₹112.2k crbase in liner:r -0.78 FY26→FY30 · -7% guided · 35.04x vs 19.19x peers
    Naozad Sirwalla: So, I would request you to look at OPEX on an overall annual basis and broadly we have been discussing this on past calls as well, that between 12% and 15% is HDFC Asset Management Company Limited October 15, 2025
  251. SHRIRAMFIN Shriram Finance Limited
    ₹583-44% ₹706-33% ₹967-8%
    36 M cap ₹246.3k crbase in liner:r -0.74 FY26→FY27 · 6% guided · 12.5x vs 16.0x peers
    India's economy wrapped up FY '25, '26 on a strong note with the GDP growth picking up to 7.8% in the fourth quarter, which was a comfortable beat to the market expectation of 7.3% for the growth trajectory and revised full year r
  252. EPACKPEB EPack Prefab Technologies Limited
    ₹128-52% ₹177-34% ₹238-11%
    22 M cap ₹2.7k crr:r -0.65 FY26→FY27 · 20% guided · peer multiple
    Sanjay Singhania: 10.5% to 11.5% margin, we continue to guide the market for this year as well as for the next year, and 30-35% year-on-year, that will be our endeavor, like, that depends on the technology adoption and a lot of ot
  253. BELRISE Belrise Industries Limited
    ₹111-53% ₹154-35% ₹2516%
    31 M cap ₹22.9k crr:r -0.66 FY26→FY27 · 16% guided · peer multiple
    Also, given the strong order pipeline of global aircraft OEMs and the increasing importance of India as one of the largest aviation markets globally, we believe this trend will continue to play out over the next 5 to 10 years, and
  254. KUANTUM Kuantum Papers Limited
    ₹44-44% ₹50-35% ₹173122%
    32 M cap ₹676 crr:r -0.8 FY26→FY27 · 33% guided
    We have already reached about 40 lakh saplings on an annualized basis, and our target is to create 1 crore saplings every year in the next, by the end of two years, two to three years from here, and that is going to help generate
  255. CONCORDBIO Concord Biotech Limited
    ₹545-62% ₹916-36% ₹1,74623%
    24 M cap ₹14.9k crbase in liner:r -0.58 FY26→FY27 · 18% guided · peer multiple
    While FY '26 is expected to remain below our historical averages, primarily due to the challenges encountered in the first half, we anticipate that FY '27 and beyond will reflect a normalization in performance and regaining back t
  256. ISGEC Isgec Heavy Engineering Limited
    ₹377-54% ₹528-36% ₹9049%
    43 M cap ₹6.1k crr:r -0.66 FY26→FY27 · 10% guided · 32.38x vs 15.95x peers
    I think even today, it is running at 70% - 75% capacity, and we are expecting the capacity to be running at close to 85% - 90% for the rest of the year, except for maybe 1 - 1.5 months when the rains are really excessive.
  257. ATLANTAELE Atlanta Electricals Limited
    ₹590-62% ₹965-37% ₹1,5370%
    25 M cap ₹11.8k crbase in liner:r -0.6 FY26→FY27 · 40% guided · peer multiple
    For the rest of the 30% orders, which comes from the private payers, EPC, IPPs, etcetera, we certainly have raw material price hedging practices in our organization, which certainly will be able to protect us from any kind of a sp
  258. IKIO IKIO Technologies Limited
    ₹84-58% ₹126-37% ₹192-4%
    34 M cap ₹1.6k crr:r -0.64 FY26→FY27 · -11% guided · peer multiple
    I understand that -- I just want to have a broad color of what kind of growth expectation we see in FY '27, we understand from the PPT that we are trying to diversify away from Signify picking up new customers in Lighting.
  259. JUBLPHARMA Jubilant Pharmova Limited
    ₹433-54% ₹581-38% ₹2,056120%
    28 M cap ₹14.9k crr:r -0.71 FY26→FY28 · 11% guided · 18.81x vs 30.27x peers
    That is going to give us uplift in Q3 and Q4 where we are going to be at our regular run rate, but in the first half, because we do not have those SPECT sales, we will see a reduction in revenue in our highest margin products, whi
  260. KSHINTL KSH International Limited
    ₹333-60% ₹517-38% ₹793-6%
    26 M cap ₹5.7k crr:r -0.64 FY26→FY27 · 21% guided · peer multiple
    We are a B2B company 3 KHS International Limited Q4 FY26 Earnings Conference Call 26.05.2026 servicing over 120 leading domestic and global OEM customers and maintain long-term relationships with these customers resulting in repea
  261. NEULANDLAB Neuland Laboratories Limited
    ₹6,909-64% ₹11,889-38% ₹18,806-1%
    38 M cap ₹24.5k crr:r -0.59 FY26→FY27 · 20% guided · 34.92x vs 28.43x peers
    Alongside this, while our GDS business was softer in FY26, we see good growth potential ahead and have deployed substantial resources across development, customer engagement and capability building to support growth in the short,
  262. HINDALCO Hindalco Industries Limited
    ₹555-43% ₹595-39% ₹1,0558%
    28 M cap ₹219.0k crr:r -0.9 FY26→FY27 · 7% guided · 9.34x vs 17.2x peers
    We are executing on our 3-year $300 million structural cost reduction program targeting FY '28 exit through organizational restructuring, manufacturing footprint optimization and process enhancements, all aimed at driving long-ter
  263. RRKABEL R R Kabel Limited
    ₹967-63% ₹1,590-39% ₹2,555-2%
    27 M cap ₹29.4k crbase in liner:r -0.62 FY26→FY28 · 18% guided · peer multiple
    At the same time input cost, like there was a major impact, even in FMEG input cost, where in that industry takes some more time to pass on and therefore our gross margins are impacted in Q4 to some extent and therefore now we hav
  264. TATATECH Tata Technologies Limited
    ₹290-61% ₹447-40% ₹8159%
    29 M cap ₹30.4k crbase in liner:r -0.66 FY26→FY27 · 10% guided · peer multiple
    This year, we also experienced a temporary disruption at one of our largest customers following a cybersecurity incident, which resulted in our being unable to bill for a sizable part of our engagement for nearly a full month — an
  265. EUREKAFORB Eureka Forbes Limited
    ₹155-65% ₹257-43% ₹57328%
    27 M cap ₹8.7k crr:r -0.65 FY26→FY27 · 10% guided · peer multiple
    The breadth of our performance across categories, along with the year-on-year margin expansion gives us the confidence to achieve and to aim for a longer-term ambition of achieving 2x revenue and 3x EBITDA by FY30.
  266. NEOGEN Neogen Chemicals Limited
    ₹724-64% ₹1,107-45% ₹1,359-33%
    36 M cap ₹5.3k crbase in liner:r -0.71 FY26→FY27 · 6% guided · 95.96x vs 22.65x peers
    Of our total INR 1,500 crore CAPEX, we have deployed INR 506 crore to date and remaining amount will be deployed shortly in line with the accelerated project schedule  A major development is the incorporation of Neogen Morita New
  267. JSFB Jana Small Finance Bank Limited
    ₹214-63% ₹311-46% ₹553-4%
    33 M cap ₹6.1k crbase in liner:r -0.73 FY26→FY27 · 0% guided · peer multiple
    Next year, we expect for the same INR7,000 crores as the book starts paying down, another INR70 crores is premium to be paid, but we do expect based on the flows because the claims are given 18 months after the close of the financ
  268. SMCGLOBAL SMC Global Securities Limited
    ₹32-60% ₹40-51% ₹57-30%
    28 M cap ₹1.7k crbase in liner:r -0.84 FY26→FY27 · 8% guided · 7.56x vs 11.27x peers
    On the broader regulatory side, the labor code that came into effect during FY26 created a more uniform compliance framework across industries, with an associated impact on employee-related line items during the implementation pha
  269. SHREDIGCEM Shree Digvijay Cement Co.Ltd
    ₹29-60% ₹34-53% ₹764%
    26 M cap ₹1.1k crr:r -0.88 FY26→FY27 · 9% guided · 18.3x vs 40.14x peers
    Jinesh Kothari: You mentioned around INR200 per ton of impact that will be there on profitability with the purchase of clinker that will be so I guess the purchase of clinker will be higher at a higher cost versus the production o
  270. ABDL Allied Blenders and Distillers Limited
    ₹222-64% ₹265-57% ₹70013%
    25 M cap ₹17.4k crbase in liner:r -0.89 FY26→FY28 · 15% guided · peer multiple
    Mehul Desai: Firstly, obviously, you gave a guidance of double-digit growth in Q4, which looks like if we maintain our mid-teens kind of sales growth in P&A, maybe, let's say, 16%, 17%, it looks like the mass premium segment, your

Where management’s own guidance implies an extreme range

These managements guided growth rates that compound into a span too wide to read as ordinary arithmetic — S Chand guided 82.9% a year. The guidance is real and filed, so it is shown; it is separated because an ambition should not outrank a plan merely for being larger.

  1. INDIAMART Indiamart Intermesh Limited
    ₹31,9901677% ₹94,7385164% ₹158,7648721%
    64 M cap ₹10.8k crbase in liner:r 40.0 FY26→FY27 · 2730% guided · 42.37x vs 52.29x peers
    In FY26, total number of paying suppliers increased by 3,200 to 2 lakh 20 thousand, while the quarter 4 saw a little decline of 1,200.
  2. SCHAND S Chand And Company Limited
    ₹355149% ₹816472% ₹1,7781146%
    78 M cap ₹502 crr:r 40.0 FY26→FY28 · 83% guided
    Looking ahead, we are quite optimistic for FY27 since the new syllabus books for K-8 are already released and CBSE has released a circular in April, 2026 stating that the new syllabus for Classes – 9th, 10th, 11th and 12th would b
  3. GCHOTELS Grand Continent Hotels Limited
    ₹244124% ₹583435% ₹1,082892%
    55 M cap ₹272 crr:r 40.0 FY26→FY28 · 75% guided · peer multiple
    Going forward for the next year, 2027-28 financial year, 2028 financial years, yes, we might require some funds, but based on the number of hotels we are going to sign up and based on the internal accruals what we are going to hav
  4. VERANDA Veranda Learning Solutions Limited
    ₹48688% ₹1,265388% ₹3,3561195%
    65 M cap ₹2.5k crr:r 40.0 FY26→FY30 · 39% guided · peer multiple
    For FY27, we are targeting revenues of approximately INR670 crores with a profit after tax of over INR144 crores and with continued improvement growth supported by operating leverage, restructuring benefits and as always, discipli
  5. STAR Strides Pharma Science Limited
    ₹2,192114% ₹4,426332% ₹9,665843%
    64 M cap ₹9.4k crbase in liner:r 40.0 FY26→FY28 · 50% guided · peer multiple
    We remain committed to achieving our long-term aspiration, and we aim to reach EBITDA margins upwards of 20% and gross margins in the 58% to 60% range and continue to driving operating leverage to deliver strong EPS and PAT growth
  6. PRANIK Pranik Logistics Limited
    ₹6344% ₹180310% ₹463953%
    59 M cap ₹48 crr:r 40.0 FY26→FY27 · 46% guided · peer multiple
    This INR39 crores you can further expect to go to close to, might be INR51 crores, INR52 crores or figures like that.
  7. TEMBO Tembo Global Industries Limited
    ₹97276% ₹2,061272% ₹5,687928%
    59 M cap ₹1.0k crr:r 40.0 FY26→FY27 · 100% guided · 20.92x vs 24.21x peers
    Currently, we are undertaking a capital expenditure initiative aimed at expanding our capacity six-fold, targeting an impressive 90,000 metric tonnes per annum, which we expect to commission by the end of Q2 FY ‘26, which will go
  8. VIAZ Viaz Tyres Limited
    ₹12494% ₹210228% ₹488662%
    54 M cap ₹92 crbase in liner:r 40.0 FY26→FY31 · 22% guided · peer multiple
    Rajesh Patel: Okay, so in butyl industry we are one of the top 5 companies in India and this market is also positioned well the tube industry works on 5-6% margins only in India and are expected to be sustainable in same lines in
  9. ORIANA Oriana Power Limited
    ₹2,57186% ₹4,474224% ₹7,132417%
    54 M cap ₹2.8k crr:r 40.0 FY26→FY28 · 50% guided · peer multiple
    In the present scenario, where world dynamics are different, we are targeting safely a ~40% to 50% CAGR, and if all goes well, we can easily go for a ~70% CAGR.
  10. LEMONTREE Lemon Tree Hotels Limited
    ₹19780% ₹351221% ₹587437%
    59 M cap ₹8.7k crr:r 40.0 FY26→FY28 · 50% guided · 54.45x vs 31.95x peers
    While Q2 posed headwinds, our outlook for H2 remains extremely positive with our continued investments in renovation and technology, showing material increase in occupancy and ARR across the portfolio in Q3 and onwards.
  11. NIITMTS NIIT Learning Systems Limited
    ₹46293% ₹729204% ₹1,344460%
    85 M cap ₹3.3k crbase in liner:r 40.0 FY26→FY27 · 34% guided · peer multiple
    The Agenda is to Discuss the Quarter 3 FY26 Results, Second, on our Progress on our AI-First Strategy and AI-Enabled revenue, Third, an Update on the Inorganic Activity which we completed during the quarter, post Discuss the Outlo
  12. TEAMLEASE Teamlease Services Limited
    ₹2,08869% ₹3,734202% ₹8,191563%
    76 M cap ₹2.1k crbase in liner:r 40.0 FY26→FY27 · 20% guided
    As we look back and then look forward, I think, yes, we had headcount decrease in Q3 on account of a specific regulatory impact, but, we do see a positive outlook across the degree apprenticeship staffing and specialized staffing
  13. AWL AWL Agri Business Limited
    ₹2026% ₹551191% ₹1,581734%
    75 M cap ₹24.6k crbase in liner:r 38.18 FY26→FY27 · 7% guided · 63.83x vs 20.92x peers
    For Q1 '26, when we look at per ton gross margins and EBITDA, we have been able to deliver these numbers in line with the expectation in line with what we have been delivering over the last couple of years, EBITDA of INR3,600 cror
  14. KRYSTAL Krystal Integrated Services Limited
    ₹1,00968% ₹1,706184% ₹3,268445%
    60 M cap ₹838 crr:r 36.86 FY26→FY27 · 20% guided · peer multiple
    Madhur Rathi: Sir, I wanted to understand, sir, like we have some kind of margin that we are currently operating at around the 6.5%, 7% range, Sir, where do we see our margins going forward over the next 2 to 3 years with these wa
  15. GANDHAR Gandhar Oil Refinery (India) Limited
    ₹35860% ₹622179% ₹1,059374%
    61 M cap ₹2.2k crr:r 35.76 FY26→FY29 · 8% guided · peer multiple
    However, export revenue decreased from INR 24,028 million in FY '24 to INR 15,656 million in FY '25, largely due to shipping disruptions in the Red Sea, the ongoing conflicts such as the Russia-Ukraine war.
  16. KRISHIVAL Krishival Foods Limited
    ₹60754% ₹1,090177% ₹2,690584%
    73 M cap ₹995 crr:r 35.38 FY26→FY29 · 47% guided · 40.96x vs 20.92x peers
    We will have to increase this distributor reach and to answer your questions these 90% of this sale which we expect in next by March’28, which we see 100% utilization of 1 lakh liter ice cream that we expect from this geographical
  17. TBI TBI Corn Limited
    ₹7317% ₹172176% ₹355471%
    56 M cap ₹113 crr:r 35.26 FY26→FY28 · 35% guided · peer multiple
    Whereas if we have 10, 20 containers standing there, then people who are buying regularly from the market, will be able to serve and will generally produce higher margins.
  18. ACC ACC Limited
    ₹2,25366% ₹3,698172% ₹5,957339%
    57 M cap ₹25.5k crbase in liner:r 34.48 FY26→FY27 · 9% guided · peer multiple
    In our larger aim of achieving 140 million tonnes by FY28, we are well poised to achieve 118 million tonnes by end of FY26 powered by our strategic brownfield expansions across various sites including Bhattapada, Salai Banwa, Dahe
  19. CSBBANK CSB Bank Limited
    ₹51556% ₹855159% ₹1,706417%
    76 M cap ₹5.7k crbase in liner:r 31.86 FY26→FY30 · 25% guided · 9.6x vs 8.22x peers
    The tactical play is that if we cannot fund this, because we are a listed bank, I cannot say that, "Wait, give me three years, I will build it, and then we will do it." Every quarter I have to perform, and one quarter if ROA goes
  20. MEDPLUS Medplus Health Services Limited
    ₹87824% ₹1,802156% ₹2,488253%
    58 M cap ₹8.5k crbase in liner:r 31.14 FY26→FY27 · -1% guided
    The decrease of 70 because of the inventory loss also will not be visible because on an ongoing basis, around INR12 crores is the inventory loss per quarter, and we should be on the same range on a quarterto-quarter basis going fo
  21. TINNARUBR Tinna Rubber and Infrastructure Limited
    ₹1,70053% ₹2,850156% ₹4,835334%
    77 M cap ₹2.0k crbase in liner:r 31.14 FY26→FY29 · 37% guided · peer multiple
    Deployment of QIP funds has commenced from Q2 FY '26 and will be allocated approximately as follows: INR23 crores towards debt reduction, INR12 crores, I'm sorry, for solar power expansion and INR22 crores for a new plant of recov
  22. UGROCAP Ugro Capital Limited
    ₹14855% ₹242153% ₹439360%
    70 M cap ₹1.5k crbase in liner:r 30.64 FY26→FY27 · 22% guided · peer multiple
    As far as the credit cost is concerned, we had estimated, because the Emerging Markets’ contribution was going up and the overall seasoning of the portfolio also was happening, we had anticipated earlier as well that our credit co
  23. BLUEWATER Blue Water Logistics Limited
    ₹358-19% ₹1,085147% ₹2,934567%
    54 M cap ₹484 crbase in liner:r 7.84 FY26→FY28 · 30% guided · peer multiple
    Air freight also emerged as the key growth driver during the year, with its revenue contribution increasing significantly from 1% in FY25 to 13% in FY26, backed by our exclusive partnership with Turkish Airlines.
  24. ARIHANTSUP Arihant Superstructures Limited
    ₹33829% ₹642145% ₹1,176349%
    76 M cap ₹1.1k crr:r 29.06 FY26→FY28 · 78% guided · 19.08x vs 30.01x peers
    This sharp improvement in deliveries reflects a strong execution capability that the company holds, continued with focus on timely completion of projects and marks the beginning of the larger delivery cycle with subsequent phases
  25. MEGATHERM Megatherm Induction Limited
    ₹27732% ₹511144% ₹1,240491%
    61 M cap ₹395 crr:r 28.74 FY26→FY28 · 20% guided · peer multiple
    If you broadly -from the current ₹300 odd crore level, to go to that next ₹500 crore level, approximately, you can say about ₹70 crores to ₹120 crores, ₹130 crores will be added from the transformer side, and the rest will come fr
  26. MBEL M & B Engineering Limited
    ₹43147% ₹684133% ₹950224%
    61 M cap ₹1.7k crr:r 26.62 FY26→FY27 · 25% guided · peer multiple
    We expect to carry an unbuilt export order book of approximately anywhere between INR280 and INR300 crores at the end of FY26 to be built in FY27 along with additional PEB and Proflex capacities that will be added available for a
  27. ORIENTCEM Orient Cement Limited
    ₹15916% ₹308126% ₹1,137732%
    67 M cap ₹2.8k crone-off base r:r 25.14 FY26→FY27 · 9% guided · 17.22x vs 40.14x peers
    In our larger aim of achieving 140 million tonnes by FY28, we are well poised to achieve 118 million tonnes by end of FY26 powered by our strategic brownfield expansions across various sites including Bhattapada, Salai Banwa, Dahe
  28. WTICAB Wise Travel India Limited
    ₹14934% ₹252125% ₹469320%
    65 M cap ₹266 crr:r 25.08 FY26→FY27 · 35% guided · peer multiple
    When you start, that time you see that EBITDA margin is only 13%, but going forward you will see amazing EBITDA margins because of utilization, because the numbers will get very large, and whatever additions are coming, they will
  29. GENUSPOWER Genus Power Infrastructures Limited
    ₹34310% ₹695122% ₹2,590728%
    76 M cap ₹9.5k crr:r 24.48 FY26→FY27 · 60% guided · 22.31x vs 28.43x peers
    Looking ahead to FY27, we remain highly confident of sustaining a strong operational and financial momentum underpinned by robust execution visibility, a strong and diversified order book and pipeline and continued acceleration in
  30. JWL Jupiter Wagons Limited
    ₹123-53% ₹572121% ₹1,070313%
    57 M cap ₹11.1k crr:r 2.29 FY26→FY28 · 84% guided · 42.04x vs 26.22x peers
    Passenger mobility is a strategic portfolio and priority for Jupiter Wagons, and we are preparing to enter the passenger mobility segment in FY27, backed by our deep manufacturing capabilities and technology partnerships, thus cre
  31. MGSL Matrix Geo Solutions Limited
    ₹11146% ₹166118% ₹236211%
    54 M cap ₹111 crr:r 23.7 FY26→FY27 · 50% guided · peer multiple
    Nearly 82% of our clients during the FY26 come from the repeat customers, which is highlighting the confidence our clients placed in our technical capabilities, execution qualities, and long-standing relationship.
  32. SUNTECK Sunteck Realty Limited
    ₹39029% ₹654116% ₹3,6381103%
    72 M cap ₹4.4k crbase in liner:r 23.28 FY26→FY27 · 19% guided · 39.53x vs 29.49x peers
    Kamal Khetan: So looking at the project pipeline, Harsh, we are very confident that we'll maintain -- although this quarter, we have done 20% growth in presales, but we are confident overall in the full year, we will match our --
  33. AHCL Anlon Healthcare Limited
    ₹1718% ₹31115% ₹64340%
    53 M cap ₹777 crbase in liner:r 23.06 FY26→FY28 · 30% guided · peer multiple
    The basic plant layout is almost under the approval and we are expecting by mid of this month, so we are planning to start the construction activity by end of this month or maybe early next month, and the Capex is expected somewhe
  34. TARIL Transformers And Rectifiers (India) Limited
    ₹40035% ₹631113% ₹1,979568%
    65 M cap ₹8.9k crbase in liner:r 22.54 FY26→FY27 · 122% guided · 32.2x vs 24.44x peers
    Changodar expansion involving investment of approximately INR150 crores and backward integration initiatives entailing a total investment of INR900 crores to INR1,000 crores remain key strategic priorities, and we are confident th
  35. KPITTECH KPIT Technologies Limited
    ₹79633% ₹1,267112% ₹2,193266%
    55 M cap ₹16.4k crbase in liner:r 22.34 FY26→FY27 · 30% guided · 41.88x vs 27.38x peers
    My first question is on new tie-up, as JSW Motors first new New Energy vehicle is expected to reach the market in the second half, can we assume that like you mentioned in the opening remarks as well, Q3, we will be starting the e
  36. AAVAS Aavas Financiers Limited
    ₹1,67623% ₹2,806106% ₹5,373295%
    93 M cap ₹10.8k crbase in liner:r 21.26 FY26→FY27 · 17% guided · 29.03x vs 14.12x peers
    Good evening, everyone, and a warm welcome to all participants joining us today to discuss the financial and operating performance of Aavas Financiers Limited for Q4 and FY26, along with our outlook for the business.
  37. MANBA Manba Finance Limited
    ₹1468% ₹279106% ₹564316%
    62 M cap ₹684 crbase in liner:r 21.24 FY26→FY27 · 105% guided · peer multiple
    What will be the portfolio mix between the 2-Wheelers, used 2-Wheelers, 3-Wheelers and even the lap portion, which is coming on board now, which is a secure product and quite stable and you can say a very low credit cost as compar
  38. MAHLIFE Mahindra Lifespace Developers Limited
    ₹321-18% ₹77597% ₹1,490280%
    52 M cap ₹8.4k crbase in liner:r 5.32 FY26→FY27 · 1% guided · 54.93x vs 29.49x peers
    Again, you know, 8% growth over prior year, that said, the OCs that we received in, in December, we got it towards the fag end, you know, we will expect to catch up on the residential collections in, in Q4 of this year.
  39. VMART V-Mart Retail Limited
    ₹673-14% ₹1,52596% ₹8,7921028%
    51 M cap ₹6.2k crbase in liner:r 7.04 FY26→FY27 · 61% guided · 60.69x vs 44.98x peers
    On the liquidity side, working capital utilization, which had temporarily spiked in quarter 4 is now back to INR35 crores, while this may go up in quarter 2 due to seasonal stocking, but we expect it to remain within a comfortable
  40. CRIZAC Crizac Limited
    ₹28446% ₹38095% ₹837329%
    58 M cap ₹3.4k crr:r 18.94 FY26→FY28 · 15% guided · peer multiple
    Quarter 4 FY26 continues this trajectory with PAT growing 50% year-on-year to 750 million at a margin of 18.8% underscoring the scalability and capital efficiency of our operating model.
  41. INDOSTAR IndoStar Capital Finance Limited
    ₹223-11% ₹48995% ₹856242%
    58 M cap ₹4.0k crr:r 8.67 FY26→FY29 · 35% guided · 22.85x vs 14.12x peers
    Barring any macroeconomic or system shocks, our 3-year strategic framework through FY '29 is modelled around the following targets: Disbursements, we want to target 35% CAGR growth in disbursements, aiming for a profit after tax t
  42. IPL India Pesticides Limited
    ₹19124% ₹30195% ₹514233%
    74 M cap ₹1.8k crbase in liner:r 19.0 FY26→FY27 · 53% guided · 18.86x vs 18.08x peers
    Taken together, improved export traction, a favorable domestic cycle rising utilization and the progress across our strategic initiatives give us full confidence in meeting our full year revenue guidance of about INR 1,000 crores
  43. SOUTHWEST South West Pinnacle Exploration Limited
    ₹2380% ₹45792% ₹1,072350%
    60 M cap ₹711 crbase in liner:r 18.34 FY26→FY29 · 28% guided
    I would like to highlight some of the key operational developments during this quarter: Our total order book has reached an all-time high of INR 761 crores, providing strong revenue visibility for the coming quarters.
  44. NORTHARC Northern Arc Capital Limited
    ₹3149% ₹53988% ₹1,018255%
    71 M cap ₹4.7k crbase in liner:r 17.58 FY26→FY27 · 42% guided · peer multiple
    Our assets under management has grown over the last five years at a CAGR of about 26%, taking us to the milestone of INR 16,594 as on 31st of March, led by multi-fold growth in our direct-to-customer segment whose contribution inc
  45. LUPIN Lupin Limited
    ₹2,77315% ₹4,46885% ₹7,521211%
    76 M cap ₹110.4k crr:r 17.0 FY26→FY27 · 5% guided · 36.53x vs 20.34x peers
    We remain confident that our India formulations business will continue to outperform IPM by 1.2 times 1.3 times, supported by a strong sales force of nearly 12,000 people and pipeline of more than 80 new product launches over the
  46. SEAMECLTD Seamec Limited
    ₹1,438-2% ₹2,66782% ₹5,027244%
    67 M cap ₹3.7k crr:r 16.48 FY26→FY27 · 15% guided
    As of now, the global oil demand is projected to reach 103.9 million barrels per day in 2025, while the offshore drilling market is expected to expand from US$36 billion in '23 to over US$80 billion by 2033, a compounded annual gr
  47. ASALCBR Associated Alcohols & Breweries Ltd.
    ₹91019% ₹1,34576% ₹2,377211%
    58 M cap ₹1.5k crbase in liner:r 15.24 FY26→FY29 · 24% guided · 15.92x vs 25.32x peers
    we'll be able to try and maintain the same margin because premium products would not attract that much in the bottom line direct impact, because in premium products initial 1, 1.5 years, you will need an equal amount of spend to h
  48. RAPPID Rappid Valves (India) Limited
    ₹285-13% ₹52861% ₹1,278290%
    42 M cap ₹170 crr:r 4.72 FY26→FY27 · 50% guided · peer multiple
    Coming to the revenue part of the year, we have significantly achieved a 53-crore turnover, which is not something that our stakeholders and shareholders would have expected, but there's a reasonable reason that I would like to pu
  49. VAIBHAVGBL Vaibhav Global Limited
    ₹219-18% ₹43061% ₹832212%
    67 M cap ₹4.5k crr:r 3.47 FY26→FY27 · 8% guided · 24.88x vs 26.8x peers
    Further, I'm delighted to share that our in-house brands reached 48% of sales contribution mark during the quarter, and we are on our journey to achieve 50% sales milestone before the target of end of FY '27.
  50. VSTTILLERS V.S.T Tillers Tractors Limited
    ₹4,243-5% ₹7,18161% ₹14,154218%
    58 M cap ₹3.8k crr:r 12.24 FY26→FY30 · 24% guided · 24.4x vs 27.34x peers
    I mean the tractor industry on overall basis, how do you see that will pan out in FY27 including the tillers segment also because there could be what we are seeing today with all the uncertainties the farming sector could well be
  51. KANPRPLA Kanpur Plastipack Limited
    ₹173-16% ₹32758% ₹3,3941538%
    48 M cap ₹510 crbase in liner:r 3.5 FY26→FY27 · 12% guided · 19.27x vs 36.75x peers
    Our INR105 crores capex program focused on capacity expansion on FIBCs and diversification into needle-punch non-wovens will be the key growth catalyst for the next phase of company's growth.
  52. CAPITALSFB Capital Small Finance Bank Limited
    ₹266-9% ₹44753% ₹896207%
    69 M cap ₹1.3k crbase in liner:r 5.98 FY26→FY29 · 13% guided · peer multiple
    We expect in H2, we are looking to see an improvement in the NIM to the Q4 FY25 number, that is 4.1%, and maybe slightly around 4.1%, and years to come, we looking forward for a continued expansion towards 4.2%, and then taking it
  53. ROUTE ROUTE MOBILE LIMITED
    ₹448-17% ₹82553% ₹1,815236%
    46 M cap ₹3.4k crbase in liner:r 3.11 FY26→FY27 · -13% guided
    I'll quickly summarize our financial and operating performance during Q4 FY26 and for the full year; then I will look to the future with our financial guidance and capital allocation plans.
  54. NATCOPHARM Natco Pharma Limited
    ₹1,02912% ₹1,33646% ₹3,104238%
    62 M cap ₹16.5k crr:r 9.12 FY26→FY28 · 10% guided · 13.82x vs 30.27x peers
    I get that you said that FY '27 will be a muted year, but FY '28 onwards, we can see a ramp-up in revenue and profit based on -because the exclusivities are losing and everything.
  55. NAVNETEDUL Navneet Education Limited
    ₹122-9% ₹19243% ₹479257%
    57 M cap ₹3.0k crbase in liner:r 4.82 FY26→FY27 · 11% guided
    Gnanesh Sunil Gala: So for paper business, it will be around 12% to 15% in domestic stationery, whereas non-paper stationery, which we are introducing, which is, of course, not a big number right now, but there we are expecting at
  56. FORCAS Forcas Studio Limited
    ₹152-27% ₹29442% ₹652213%
    47 M cap ₹365 crr:r 1.55 FY26→FY27 · 30% guided · peer multiple
    We expect quick commerce to grow from zero now to 5% to 10% in in next, a year or so, and the balance will come from offline channels.
  57. SALZERELEC Salzer Electronics Limited
    ₹447-23% ₹82141% ₹1,850218%
    66 M cap ₹1.0k crr:r 1.78 FY26→FY27 · 72% guided · 15.69x vs 28.1x peers
    This growth has been largely driven by higher demand for industrial switchgear, wires and cables, building products, also on account 3 Salzer Electronics Limited Q4 FY26 Earnings Conference Call 26/05/2026 of high demand products
  58. JUBLFOOD Jubilant Foodworks Limited
    ₹4789% ₹59235% ₹1,321202%
    64 M cap ₹28.9k crr:r 7.0 FY26→FY27 · 15% guided · 79.28x vs 195.97x peers
    If you recall from our Investor Day also, we said that -- the plan is because we believe there's potential in the country to open the next 1,000 stores in the next 3 years, right, which will mean that there will be a higher amount
  59. MADHAVBAUG Vaidya Sane Ayurved Laboratories Limited
    ₹136-30% ₹25532% ₹726275%
    40 M cap ₹203 crr:r 1.07 FY26→FY27 · 5% guided · 28.45x vs 43.2x peers
    There is only one patient accommodated every room, so even though the demand with Ayushman Bharat increases we will be able to accommodate 2 patients in that single room and the same occupancy can be increase 50% or 60% more than
  60. SEJALLTD Sejal Glass Limited
    ₹331-56% ₹99231% ₹2,740263%
    58 M cap ₹860 crbase in liner:r 0.56 FY26→FY27 · 28% guided · 30.83x vs 37.05x peers
    During the time of issuance of the warrant, the company received an upfront payment of INR138.75 per warrant, representing 25% of the warrant issue price, amounting to INR5.5 crores and balance 75% will be received upon the exerci
  61. ADSL Allied Digital Services Limited
    ₹76-34% ₹13114% ₹349204%
    48 M cap ₹649 crr:r 0.42 FY26→FY27 · 28% guided · 16.2x vs 21.77x peers
    If the way AI is going and is doing work easier for us, and if the way we are forecasting that it will help us in bettering our bottom line, if all of that happens, then yes, we can surely look at a higher number, maybe in the tun
  62. APEX Apex Frozen Foods Limited
    ₹242-35% ₹42214% ₹1,354264%
    45 M cap ₹1.2k crr:r 0.39 FY26→FY27 · 30% guided · 26.1x vs 21.55x peers
    Page 11 0of 20 A APEX Karuturi Chowdary: Apex Frozen Foods Limited November 17, 2025 See, with this RTE, we have —- yes, RTE, we will be able to do it for sure, which will be more possible in the next fiscal year because, as you k
  63. ICEMAKE Ice Make Refrigeration Limited
    ₹401-52% ₹94914% ₹4,003382%
    58 M cap ₹1.3k crr:r 0.27 FY26→FY28 · 128% guided · 26.55x vs 30.98x peers
    Furthermore, if the one-time expenses incurred during FY26 are normalised, the underlying EBITDA margin for FY26 would have been closer to 7%, providing a stronger base for improvement in FY27.
  64. SATIN Satin Creditcare Network Limited
    ₹152-37% ₹2619% ₹1,544544%
    67 M cap ₹2.6k crbase in liner:r 0.25 FY26→FY27 · 3% guided · 8.44x vs 16.0x peers
    Despite the challenges we face, we remain optimistic and are continuously assessing ground developments without revising our guidance on credit costs for now, as we witnessed extraordinary events in Q1 as discussed earlier and the
  65. SPMLINFRA SPML Infra Limited
    ₹40-79% ₹2025% ₹28649%
    48 M cap ₹1.6k crr:r 0.07 FY26→FY27 · 23% guided · 17.34x vs 15.95x peers
    The company does not have any pressure on operating cash flows since the remaining debt of INR 400 crore (including interest) owed to NARCL is expected to be paid through arbitration awards of INR 647 crore (including interest up
  66. TATASTEEL Tata Steel Limited
    ₹52-73% ₹170-10% ₹387104%
    36 M cap ₹236.9k crone-off base r:r -0.14 FY26→FY27 · 8% guided · 18.2x vs 19.52x peers
    Koushik Chatterjee: ED & CFO – Tata Steel Limited I think it was about Rs 600 crores or thereabouts somewhere half around it because bulk of it is between 1Q and the previous year 4Q and that will be capitalised in this quarter on
  67. AURIONPRO Aurionpro Solutions Limited
    ₹218-70% ₹651-11% ₹1,799145%
    40 M cap ₹4.1k crbase in liner:r -0.16 FY26→FY27 · 6% guided · 16.25x vs 21.77x peers
    The data center business reached a clear inflection in FY26.We secured one of India's largest AI-focused data center mandates from a leading hyperscaler alongside several other wins and are fast becoming a partner of choice for hy
  68. PGIL Pearl Global Industries Limited
    ₹645-69% ₹1,814-12% ₹3,69079%
    48 M cap ₹9.5k crr:r -0.18 FY26→FY28 · 44% guided · 14.63x vs 30.57x peers
    In line with our stated dividend policy and commitment to shareholder returns, the company declared a second interim dividend of INR8.50 per share, representing 170% of face value for financial year '25-'26.The total dividend for
  69. SGIL Synergy Green Industries Limited
    ₹142-76% ₹508-16% ₹83438%
    32 M cap ₹932 crr:r -0.21 FY26→FY27 · 31% guided · 129.52x vs 18.59x peers
    Reddy: I think as of now it is borrowed around 160 crores 165 but still there are some money has to be drawn for the balance of the machine payments and other things are there and some repayment also close by this year so I expect
  70. SHYAMMETL Shyam Metalics and Energy Limited
    ₹326-68% ₹868-16% ₹1,22419%
    31 M cap ₹28.8k crbase in liner:r -0.23 FY26→FY27 · 22% guided · 18.55x vs 24.21x peers
    Brij Bhushan Agarwal: See, we expect that from the color business, the flat product, what we are -- the expansions -after expansion, close to INR4,000 crores, INR4,500 crores will be the total revenue coming out from the flat prod
  71. WCIL Western Carriers (India) Limited
    ₹30-67% ₹75-17% ₹17392%
    29 M cap ₹914 crr:r -0.26 FY26→FY27 · 2% guided · peer multiple
    The budget earmarks INR10,000 crores for domestic container manufacturing, a fledgling sector in India which will be and should be a shot in the arm and turbocharge local production, weaning away from our import dependence mostly
  72. RADICO Radico Khaitan Limited
    ₹1,370-68% ₹3,269-25% ₹5,09017%
    48 M cap ₹58.2k crbase in liner:r -0.36 FY26→FY27 · 20% guided · 60.37x vs 23.82x peers
    Dilip Banthiya: On the realization front, luxury is growing faster than P&A, so we expect that realization at volume and value delta will be in the range of 300 to 400 basis points as an aggregate basis.
  73. SUNDROP Sundrop Brands Limited
    ₹204-69% ₹430-35% ₹7086%
    35 M cap ₹2.5k crr:r -0.51 FY26→FY28 · -8% guided · 95.57x vs 20.92x peers
    We have seen a strong growth of 8%, which if I context it with FY '25 growth is marginally lower, but we are fully -- we are fairly confident that as we continue our investment journey, we will be able to accelerate this growth in
  74. SAKAR Sakar Healthcare Limited
    ₹269-70% ₹567-36% ₹9325%
    36 M cap ₹1.9k crbase in liner:r -0.52 FY26→FY27 · 40% guided · 29.55x vs 29.14x peers
    The Bavla oncology facility designed for large-scale operations is expected to scale up over the next four to five years and can potentially generate revenues of INR800 crores to INR1,000 crores at optimal utilization without requ
  75. MAMATA Mamata Machinery Limited
    ₹130-68% ₹233-43% ₹55136%
    22 M cap ₹1.0k crr:r -0.63 FY26→FY27 · 35% guided · peer multiple
    We have already delivered four machines in FY26, three of them in India, and we have orders for further 18 machines which are scheduled for delivery in H1FY27.
  76. PICCADIL Piccadily Agro Industries Limited
    ₹194-74% ₹412-44% ₹7867%
    32 M cap ₹7.2k crr:r -0.6 FY26→FY27 · 40% guided · peer multiple
    Talking about our greenfield project, Chhattisgarh, we expect Chhattisgarh plant to start getting monetized this year with a capacity of 200 KLPD and generate revenue of about INR300 crores to INR400 crores in FY '27.
  77. KRN KRN Heat Exchanger and Refrigeration Limited
    ₹322-73% ₹633-46% ₹1,59035%
    25 M cap ₹7.7k crbase in liner:r -0.63 FY26→FY27 · 82% guided · peer multiple
    Yadav, I know you don't give guidance, but if I do a rough math of around INR1800 crore revenue potential from the new capacity, which leads to around INR350 crore revenue from the new facility in FY '26 itself.
  78. IFGLEXPOR IFGL Refractories Limited
    ₹59-72% ₹110-47% ₹135-35%
    31 M cap ₹1.5k crr:r -0.66 FY26→FY27 · -9% guided · 25.13x vs 30.98x peers
    In the US, demand is expected to grow by approximately 1.8% in both 2025 and 2026, supported by infrastructural spending Europe is also expected to witness a gradual recovery, with demand projected to grow in the region of 1% to 3
  79. MOL Meghmani Organics Limited
    ₹15-72% ₹28-48% ₹553%
    25 M cap ₹1.4k crr:r -0.66 FY26→FY27 · 10% guided · peer multiple
    However, we anticipate the actual impact of the antidumping duty on the prices could be coming from the Q3 FY '26 onwards once the channel inventory built up by China in Indian market gets liquidated.
  80. KAMDHENU Kamdhenu Limited
    ₹1-96% ₹17-50% ₹4531%
    39 M cap ₹967 crbase in liner:r -0.52 FY26→FY27 · -70% guided · 20.58x vs 18.59x peers
    After a challenging Q1, we are pleased to report a recovery of revenue growth for Q2 primarily driven by increased construction activities, despite some regional flooding challenges, Q2 FY '25 revenue reached INR190 crores, reflec
  81. STALLION Stallion India Fluorochemicals Limited
    ₹71-73% ₹130-50% ₹251-4%
    22 M cap ₹3.0k crr:r -0.69 FY26→FY27 · 32% guided · peer multiple
    With our robust forward integration and backward integration capabilities expanding, geographic footprints and product diversification into higher margin specialty gases, we are confident of maintaining our target at 30-35% growth
  82. CARBORUNIV Carborundum Universal Limited
    ₹335-68% ₹516-52% ₹762-28%
    42 M cap ₹20.3k crr:r -0.75 FY26→FY27 · 4% guided · 48.53x vs 34.62x peers
    I will cover the profit before interest and tax: Standalone PBIT: At standalone level, the business reported a total PBIT of INR 525 crores in FY26 as compared to INR 425 crores in FY25, reflecting a strong growth of 23.4%.
  83. TBOTEK TBO Tek Limited
    ₹511-67% ₹683-55% ₹1,504-2%
    14 M cap ₹16.6k crbase in liner:r -0.83 FY26→FY28 · 15% guided · peer multiple
    Gaurav Bhatnagar: Look, we don't want to do specific guidance on this Swapnil, especially given that we are in the midst of this quarter, but it would be fair to say that we should see GTV growth in-line with what we were expectin
  84. CAPILLARY Capillary Technologies India Limited
    ₹142-71% ₹219-56% ₹400-20%
    23 M cap ₹4.0k crr:r -0.78 FY26→FY27 · 10% guided · peer multiple
    Aneesh Reddy: It's actually all the three levers of growth which contribute to that INR30 crores and there is more left in terms of the growth in terms of what's already locked in as numbers for next year.
  85. REFEX Refex Industries Limited
    ₹35-88% ₹133-56% ₹292-4%
    40 M cap ₹4.2k crbase in liner:r -0.63 FY26→FY27 · -31% guided
    With monsoon impacts getting over by end of Q2, new projects commencing and Green Mobility's utilization improving, we anticipate a significant sequential improvement in Q3 and onwards, supported by both volume recovery and operat
  86. PSPPROJECT PSP Projects Limited
    ₹287-71% ₹418-57% ₹9861%
    37 M cap ₹3.9k crr:r -0.81 FY26→FY27 · 43% guided · 20.87x vs 15.95x peers
    As we enter FY27, our priorities remain unchanged: timely and quality execution of our growing order book, prudent project selection and margin discipline, strengthening organizational capacity and leadership depth, and maintainin
  87. SGFIN SG Finserve Limited
    ₹202-70% ₹283-59% ₹647-5%
    32 M cap ₹3.8k crr:r -0.83 FY26→FY27 · 30% guided · peer multiple
    Our strategy is centered around Deepening and Widening, where we will strengthen our relationship with existing anchors and customers, acquire new customers from the market and from existing anchors, expand our product offering, f
  88. JTLIND JTL INDUSTRIES LIMITED
    ₹11-85% ₹27-64% ₹45-40%
    20 M cap ₹3.0k crr:r -0.75 FY26→FY29 · -29% guided · 29.96x vs 18.59x peers
    Going ahead next year, as we are launching new products such as color-coated, GST pipes, and the full operation of DFT as well, we will aim to get EBITDA per ton of Rs.4,500-5,000 EBITDA per ton for the full year.
  89. ROLEXRINGS Rolex Rings Limited
    ₹16-88% ₹49-64% ₹98-29%
    20 M cap ₹3.7k crr:r -0.73 FY26→FY27 · -62% guided · 25.2x vs 24.14x peers
    Hiren (18:54) See to get back to the previous number or full recovery I think it is bit early as of now to say but the way we are getting feedback and responses from our customers we expect that bearing number would be increasing
  90. PCBL PCBL Chemical Limited
    ₹55-83% ₹101-68% ₹268-16%
    28 M cap ₹12.5k crr:r -0.82 FY26→FY28 · 8% guided · 17.09x vs 37.05x peers
    PCBL anticipates continuous growth in the international market over the next few years, driven by expansion into new geographies, strategic investments in supply chain capabilities, moving up the value chain and the launch of new
  91. HCG Healthcare Global Enterprises Limited
    ₹119-82% ₹203-70% ₹76714%
    22 M cap ₹10.0k crr:r -0.85 FY26→FY30 · 13% guided · 136.36x vs 53.12x peers
    During Q3 FY26, cluster leadership in the East was further strengthened with the appointment of a new regional business head, bringing over three decades of experience in East India markets, which is expected to support execution
  92. CAMS Computer Age Management Services Limited
    ₹101-87% ₹226-72% ₹438-45%
    18 M cap ₹19.8k crr:r -0.82 FY26→FY28 · -45% guided · 38.64x vs 20.12x peers
    Ram C Sesharaman: Just to just reiterate the last point, Devesh, you will see that the margins of mutual funds are very stable, right, are very stable over the last few quarters, barring if you take away the impact of the price an
  93. ASIANTILES Asian Granito India Limited
    ₹9-83% ₹13-77% ₹48-13%
    28 M cap ₹1.6k crr:r -0.92 FY26→FY27 · -31% guided · 26.25x vs 35.04x peers
    I was just asking for the model purpose, that how much will be the estimate of Q3 FY’25 and Q2 FY’26, if you can give the volume of the tiles.
  94. NIITLTD NIIT Limited
    ₹2-98% ₹16-84% ₹69-28%
    38 M cap ₹1.3k crr:r -0.85 FY26→FY27 · 10% guided · 36.95x vs 29.36x peers
    I'll cover the Q4 performance first, which will be revenue, order intake and some business trends and then step back to the full year picture and our priorities going into FY '27.
  95. TI Tilaknagar Industries Limited
    ₹13-97% ₹20-96% ₹289-38%
    31 M cap ₹11.5k crr:r -0.98 FY26→FY27 · 1% guided · 23.82x vs 25.32x peers
    At an overall level, we are looking at this moderation in Q1 as a transient phase and are confident of resuming our industrybeating growth going forward, with focus on a good mix of market share gains in our existing portfolio, as
  96. IEML Indian Emulsifiers Limited
    ₹8531940% ₹1,4743426% ₹2,2265225%
    55 M cap ₹77 crr:r 40.0 FY26→FY28 · 112% guided · peer multiple
    Yash Tikekar Indian Emulsifiers Limited H2 FY '25 Results Conference Call 23.05.2025 See, basically, you could say a lot of legwork for the projected and estimated growth that we have over the next 24 to 36 months primarily comes
  97. SAMHI Samhi Hotels Limited
    ₹756320% ₹1,531751% ₹2,5791334%
    62 M cap ₹4.0k crr:r 40.0 FY26→FY31 · 12% guided · peer multiple
    Aud also for FY 127, should the revenue growth largely mirror the RevPAR growth with ouly incremental additions given that most of our capacity expansion is expected to start from FY 28 as the HITEC City properties also expect lik
  98. VGINFOTECH Virtual Galaxy Infotech Limited
    ₹565278% ₹1,093631% ₹2,3761490%
    74 M cap ₹372 crr:r 40.0 FY26→FY29 · 25% guided · peer multiple
    The contribution I said that in near future, let's say 70-30 instead of now it's 90 which is mentioned, or it will be 70-30 definitely in coming years where 30% is revenue which is coming from the other products which has got a ma
  99. ADISOFT Adisoft Technologies Limited
    ₹443154% ₹842383% ₹2,0891099%
    66 M cap ₹284 crr:r 40.0 FY26→FY28 · 25% guided · peer multiple
    Abhishek Sharda: For next two years at least, or we can see a superlative growth in FY28 because of the new facility.
  100. SUNTECH Suntech Infra Solutions Limited
    ₹101207% ₹142331% ₹194487%
    72 M cap ₹64 crr:r 40.0 FY26→FY27 · 25% guided · peer multiple
    Building on strong momentum we built in FY25 where we had grown over the year of 16%, we used this year to consolidate our scale, deepen our operational leverage and expand our top line primarily.
  101. SELLOWRAP Sellowrap Industries Limited
    ₹173164% ₹262301% ₹457598%
    61 M cap ₹90 crr:r 40.0 FY26→FY28 · 20% guided · peer multiple
    As we enter FY27, we remain confident, supported by strong OEM relationship, and a diversified product portfolio across automotive and non-automotive segments, and favorable localization opportunities in the Indian auto component
  102. BASILIC Basilic Fly Studio Limited
    ₹530166% ₹793298% ₹1,002403%
    61 M cap ₹464 crr:r 40.0 FY26→FY27 · 30% guided · peer multiple
    Aniket Madhwani: So, your outstanding order book will be Rs.300 crores plus Rs.200 crores, I guess Balakrishnan R: The win that we have from April-to-December and Rs.200 crores we have that is outstanding with us, which has to be
  103. POSITRON Positron Energy Limited
    ₹456170% ₹633274% ₹1,523801%
    55 M cap ₹128 crr:r 40.0 FY26→FY27 · 100% guided · peer multiple
    Looking into the financials that we closed for FY26, Positron closed FY26 with strong growth momentum which was supported by high gas volumes in the H2, with improved second half of execution, and we were able to build a strong re
  104. VLINFRA V.L.Infraprojects Limited
    ₹75159% ₹103258% ₹139383%
    57 M cap ₹45 crr:r 40.0 FY26→FY27 · 20% guided · peer multiple
    Rajagopal Reddy: At present, as per our order book, INR280 crores order balances are there, and we are targeting for -- already INRISO crores projects are in working stage, working stage means in under discussions.
  105. OSWALPUMPS Oswal Pumps Limited
    ₹65298% ₹1,118240% ₹2,560678%
    70 M cap ₹3.8k crr:r 40.0 FY26→FY27 · 20% guided · peer multiple
    While the rate revision contributes to put pressure on margins, we are progressing toward the completion of several key backward integration and value engineering projects, which will positively impact our operating profitability
  106. DDEVPLSTIK Ddev Plastiks Industries Limited
    ₹743177% ₹814203% ₹903237%
    64 M cap ₹2.8k crr:r 40.0 FY26→FY27 · 13% guided · peer multiple
    This positions BESS as a meaningful and incremental contributor beyond our INR5,000 crores revenue aspiration from the polymer compounding business by FY 2030 with an anticipated top line -- additional top line of INR2,000 crores
  107. INVICTA Invicta Diagnostic Limited
    ₹13497% ₹183168% ₹281313%
    58r:r 33.68 FY26→FY27 · 30% guided · peer multiple
    Even the main Board companies are giving, I can give 20, such examples in the, because I'm having 100, investment, 100 of SME companies, and every company is giving, last month, freshare I don't give the 50% guidance, return, I ca
  108. QPOWER Quality Power Electrical Equipments Limited
    ₹460-59% ₹845-25% ₹1,44628%
    30 M cap ₹8.8k crr:r -0.43 FY26→FY27 · 105% guided · peer multiple
    I am pleased to confirm that we have closed the year at a consolidated revenue of INR 1,007 crores, a growth of nearly 157% YoY, with a full-year EBITDA margin of 23.5%, comfortably above the revised guidance.
  109. CPPLUS Aditya Infotech Limited
    ₹1,765-48% ₹2,333-31% ₹2,746-19%
    24 M cap ₹40.0k crr:r -0.65 FY26→FY27 · 50% guided · peer multiple
    Looking ahead to FY28, our vision is to expand overall production capacity to 2x of the existing capacity, achieve complete backward integration across key components and establish a fully functional global R&D presence, including
  110. IOLCP IOL Chemicals and Pharmaceuticals Limited
    ₹45-69% ₹88-40% ₹100-32%
    48 M cap ₹4.3k crr:r -0.58 FY26→FY27 · 15% guided · 16.3x vs 23.03x peers
    Reflecting confidence in the company's performance and outlook, the Board of Directors had declared an interim dividend of 50% per equity share for financial year '25-26.
  111. OBSCP OBSC Perfection Limited
    ₹232-65% ₹354-46% ₹457-30%
    30 M cap ₹1.7k crr:r -0.71 FY26→FY27 · 40% guided · peer multiple
    Sanjeev Verma: So I will just provide probably for FY26 first and I guess what we were saying is I think we will still have close to 80%, 85% of revenue flowing from automotive, which will of course have a split between EVs and no
  112. ASTRAMICRO Astra Microwave Products Limited
    ₹562-70% ₹987-47% ₹1,181-37%
    44 M cap ₹17.7k crr:r -0.67 FY26→FY27 · 13% guided
    In Q4 alone, we secured fresh orders worth of approximately INR530 crores, taking our total order book to a robust INR2141 crores as on 31st March, and concluded PNC of INR300 crores more orders which are expected to be received i
  113. SUMEETINDS Sumeet Industries Limited
    ₹7-70% ₹11-53% ₹18-19%
    34 M cap ₹1.6k crr:r -0.75 FY26→FY27 · 87% guided · peer multiple
    Jaju: Revenue, as you have seen that our revenue has increased by 8% in a quarter and we are expecting our revenue to increase constantly in every quarter and when the expansion is completed, we are expecting to add 300 Cr per ann
  114. MOBAVENUE Mobavenue AI Tech Ltd
    ₹78-75% ₹128-58% ₹245-20%
    25 M cap ₹2.4k crbase in liner:r -0.78 FY26→FY27 · 30% guided · peer multiple
    While Tejas will cover more about technology architecture, our platform enhancements, and some of the AI roadmap that we have taken for us in FY26 and we move forward in FY27 too, I want to highlight the business translation of th
  115. ZIMLAB Zim Laboratories Limited
    ₹27-76% ₹47-59% ₹87-23%
    24 M cap ₹611 crr:r -0.77 FY26→FY28 · 15% guided
    As you can see from the CAPA progress chart in the presentation, we have made steady progress across key milestones over the past two quarters and are working on an aggressive target time line to complete the EUGMP audit by March
  116. SHADOWFAX Shadowfax Technologies Limited
    ₹54-78% ₹96-60% ₹197-19%
    25 M cap ₹14.2k crr:r -0.78 FY26→FY28 · 27% guided · peer multiple
    We believe over the next 8 to 12 quarters, we will continue gaining market share and as we see consolidation happening in our space where the weaker players continue to lose market share every quarter, we believe we are set on a v
  117. WEWORK WeWork India Management Limited
    ₹140-81% ₹274-63% ₹495-33%
    17 M cap ₹10.4k crbase in liner:r -0.78 FY26→FY29 · 20% guided · peer multiple
    We have quantified our carbon footprint across Scope 1 and Scope 2, and now advancing into Scope 3 measurement, driving towards a 100% renewable energy target by 2027 and 90% waste diversion by 2028.
  118. YASHO Yasho Industries Limited
    ₹692-82% ₹1,416-63% ₹2,347-39%
    33 M cap ₹4.7k crr:r -0.77 FY26→FY28 · 34% guided · peer multiple
    What we sell rather than a value because value is always volatile in current situation, there is also a lot of pricing pressure due to the various factors we had in FY26.
  119. AEROFLEX Aeroflex Industries Limited
    ₹81-81% ₹136-69% ₹308-29%
    20 M cap ₹5.8k crbase in liner:r -0.84 FY26→FY27 · 15% guided · peer multiple
    In terms of the hose and assemblies business, the hose assemblies business, at the peak utilization of capacity of 20 million, we would reach and considering if 70% of the sales comes from the assemblies, we're expecting a turnove
  120. OMNI Omnitech Engineering Limited
    ₹123-79% ₹171-70% ₹208-64%
    20 M cap ₹7.2k crr:r -0.89 FY26→FY28 · 5% guided · peer multiple
    In FY25, we were at INR283 crores and as of March 11th, 2026 our order book stands at approximately INR2910 crores, reflecting a strong order inflow and a long-term customer commitment.
  121. APOLLOPIPE Apollo Pipes Limited
    ₹59-88% ₹148-71% ₹228-56%
    28 M cap ₹2.3k crr:r -0.81 FY26→FY31 · 19% guided · peer multiple
    Just coming to your numbers here, what would be the revised guidance now given that you were guiding for low to mid-double-digit volume growth and EBITDA per ton of around INR11,000 for Apollo and Kisan around INR7,000.
  122. HIRECT Hind Rectifiers Limited
    ₹123-91% ₹339-75% ₹696-48%
    32 M cap ₹4.6k crbase in liner:r -0.82 FY26→FY27 · 29% guided · 20.06x vs 28.1x peers
    Divyansh Gupta: Is that -- and once we have, let's say, approved – I mean, once the approval comes, then we can target the whole 100% but then we'll also be competing with the customers that we also supply to Suramya Nevatia: Yes,
  123. SDBL Som Distilleries & Breweries Limited
    ₹11-85% ₹13-81% ₹49-32%
    37 M cap ₹1.4k crr:r -0.95 FY26→FY27 · 18% guided · 25.32x vs 23.82x peers
    Nakul Sethi: See, I think for FY '28, we'll wait for another 6 months or so to give a guidance for FY '28 because the macroeconomic situation is very dynamic as of now, especially on the margin front because we are seeing a lot of
  124. GRPLTD GRP Limited
    ₹211-90% ₹356-83% ₹1,496-29%
    35 M cap ₹1.1k crr:r -0.92 FY26→FY30 · 10% guided · 40.27x vs 35.28x peers
    In our plastic recycling business, our nylon and polyolefin recycling verticals, we expect over a 20% growth this fiscal, followed by a mid-teen growth through FY 2030, while maintaining a stable EBITDA margin of between 10% to 15
  125. SKP SKP Bearing Industries Limited
    ₹15-90% ₹26-83% ₹38-76%
    17 M cap ₹265 crbase in liner:r -0.92 FY26→FY29 · 25% guided · peer multiple
    If you have to achieve that particular target of ₹100 Cr for this particular financial year, we have balanced six months, so we need to achieve a very big targets.
  126. STLTECH Sterlite Technologies Limited
    ₹20-96% ₹35-94% ₹176-68%
    40 M cap ₹28.6k crr:r -0.97 FY26→FY27 · 6% guided · 29.18x vs 20.12x peers
    This fiber explosion within data centers and higher fiber requirements for data center interconnectivity presents a massive opportunity for a company like ours and have set an ambitious target that approximately 25% of our revenue
  127. ETERNAL ETERNAL LIMITED
    ₹10-97% ₹14-95% ₹32-90%
    13 M cap ₹291.8k crbase in liner:r -0.99 FY26→FY27 · 60% guided · peer multiple
    Even though we might see capex per store going up over the next few quarters, we don't expect net working capital to be beyond those 18 days that we had shared earlier, so that should remain within range and hence, as a consequenc

Arithmetic on management’s own guidance from filed NSE transcripts and each company’s own filed-year valuation range. Not price targets, not recommendations, and not forecasts of what any stock will do. Companies whose scenario rests on a stale earnings base, a low-confidence reading of the call, or a range too wide to state as arithmetic are not listed here at all.

Bear and bull are the guided rate multiplied by 0.578x and 1.359x — the 20th and 80th percentile of what 153 Indian managements actually filed against what they guided. Not a house view: a measured distribution.

For information & education only — not investment advice. Full disclaimer below.