By Trendlyne AnalysisThispower equipment company rose 10.9% over the past week after announcing a Rs 2,000 croreinvestment in a new transformer plant in Gujarat. MD & CEO N Venusaid, “The facility, to be operational by FY28, will nearly double Hitachi Energy's transformer manufacturing capacity.”
The facility is part of a broader expansion programme that takes Hitachi Energy's total announced capex to nearly Rs 4,000 crore. The company is ramping up capacity at a time when demand for transmission equipment is rising alongside investments in power networks, renewable energy and data centres.
The strong demand environment was evident inFY26. Revenue grew 27.6% to Rs 8,148 crore, led by demand across renewables, railways and data centres. Net profit surged 157.3% as EBITDA margin expanded 610 basis points to 15.4%, thanks to better project execution and operating efficiencies.
The company commissioned Mumbai's 1,000 megawatt HVDC (High Voltage Direct Current) city infeed project, handling everything from design and engineering to commissioning. While HVDC contributed only around 15% of annual revenue, it accounts for nearly two-thirds of the company's order book.
That has helped push the order backlog to a record Rs 29,555 crore, up 53.6% from a year ago. The backlog now stands at more than three times the company's annual revenue, providing a clear runway for future growth.Forecaster expects revenue to grow over 42% in FY27, while net profit could rise 55%.
Geojitdowngraded the stock to ‘Hold’ but raised the target price to Rs 36,007. The brokerage expects the company's expanding manufacturing capacity and large order book to support earnings growth over the next few years. However, it believes much of this potential is already reflected in the stock price after its rally over the past year.
This electronic products & equipment company’s stock climbed over 7% in the past week, fueled by a breakthrough for its chip-making arm, Kaynes Semicon. The subsidiary has partnered with Japan’s AOI Electronics to secure technical expertise for its Rs 3,307 crore Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat.
This alliance brings together tech, raw materials, and manufacturing for Kaynes, following an earlier supply chain pact with Japanese trading giant Mitsui. Mitsui is helping Kaynes source raw materials, paving the way for commercial operations to kick off in H2CY26. Leveraging these Japanese connections, Kaynes Semicon is targeting Japan's domestic and automotive chip markets, deploying sales teams on the ground, and aiming to ship product samples this year.
On the financial front, the company has faced a series of reality checks. Management started the year aiming for Rs 4,500 crore in revenue for FY26, downgraded it to Rs 4,000–4,100 crore in Q3, and ultimately clocked in at Rs 3,783.2 crore. This big miss was blamed on order delays and supply chain logjams triggered by the West Asia conflict. Consequently, the company's working capital cycle stretched dramatically, jumping from 91 days in FY25 to 172 days in FY26.
Despite these hiccups, its Rs 8,366 crore order book has kept investors bullish. Management highlights demand visibility across its core electronic manufacturing services (EMS), railways, industrial, and aerospace divisions. Instead of setting a rigid revenue target for FY27, the company aims to outpace the market by growing at twice (2x) the industry average through deeper market penetration. The stock features in a screener of companies whose net cash flow has improved over the past 2 years.
ICICI Direct has maintained a ‘Hold’ rating on the stock, with a target price of Rs 3,590. The brokerage noted a gap between management’s targets and the lagging ground reality. While the order book provides a safety net, analysts are waiting for growth and receivables execution to start reflecting in the company’s performance.
Thistyre manufacturer jumped 9.6% over the past week as falling crude oil priceseased input-cost concerns. Crude-linked materials make up nearly half of CEAT’s input costs. Oil prices dropped after US President Donald Trump announced a (still fragile) deal with Iran to reopen the Strait of Hormuz.
During the Q4FY26 earnings call, CEO Arnab Banerjeesaid, “We have short-term challenges on supply chain and costs due to a steep increase in raw material costs.” Management predicts raw material prices willjump 15–20% in Q1FY27. CEAT has already raised prices by about 5% and may implement another similar hike in the coming months to offset costs. Even with these hikes, the company expects tight profit margins in H1FY27. Trendlyne’sForecaster also predicts an 11.2% drop in net profit for FY27.
Despite these hurdles, FY26 marked a shift for CEAT from a domestic player to a global specialty brand. In September 2025, the companycompleted the first phase of its Camso acquisition, entering the high-margin off-highway tyres and tracks market in the US and Europe.
However, Camso is still in a transition phase, as CEAT is yet to take full control of sales and manufacturing operations. Management plans tofinish this integration by March 2027. This move will boost profit margins starting in FY28.
InFY26, CEAT's revenue grew 18.8%, and net profit rose 47.7%, beatingForecaster estimates. Recovering international markets, new premium products, and stronger demand following GST rate cuts drove this growth.
To fund its next growth phase, CEAT plans to secure a credit facility of up to Rs 1,000 crore in FY27 to support capacity expansion, Camso integration, and other business needs.
Motilal Oswalreiterated its ‘Buy’ rating, highlighting the company's leadership in two-wheeler tyres and its position as India’s third-largest passenger vehicle tyres manufacturer. It expects revenue, EBITDA, and net profit to grow at CAGRs of 11%, 12%, and 13%, respectively, over FY27–28.
This passenger vehicle manufacturer’s stock climbed 4.2% over two sessions after the company announced a price hike of up to 1.5% on June 12 across its portfolio from July 1. The hike, its second in four months, aims to offset higher material and operating costs.
Another driver of the stock price rally was TMPV’s FY27 outlook. It aims to increase its market share to 18-20% from 13.5% and achieve a double-digit EBITDA margin in FY27. The company expects strong demand for sports utility vehicles (SUVs), CNG models and EVs, and plans to invest up to Rs 35,000 crore through FY30 to support future growth.
Revenue in FY26 fell 23.5% due to a cyber incident at Jaguar Land Rover (JLR), higher US tariffs and luxury tax pressures in China. Net profit tripled, thanks to a one-time gain from the demerger of the commercial and passenger vehicle businesses.
Concerns resurfaced on June 17 when JLR outlined a weaker-than-expected outlook at its investor day, resulting in the stock dropping 8.3%. The British unit contributes over three-fourths to sales.
JLR guided for operating margins of 4% in FY27 (from 0%), below analyst estimates of 5-6%. Commenting on JLR’s profitability, CFO Richard Molyneux said, “We are targeting GBP 1.7 billion of savings over two years to lower our break-even volumes.” Investors were disappointed by the company’s forecast of only breaking even on free cash flow this year, as they had expected it to turn positive.
JLR struck a more optimistic tone on demand despite these challenges. It expects revenue to grow around 13% this year, helped by a recovery from last year's disruptions. The company said demand remains healthy in North America and the UK, while conditions in China are beginning to stabilise. It is also preparing several new launches over the next 18 months, with a focus on North America. JLR sees a healthy growth opportunity in the region due to the size of the luxury SUV market, customer wealth, and low current penetration.
Following JLR's outlook, Motilal Oswal retained its 'Sell' rating on TMPV with a target price of Rs 312. The brokerage believes that while demand in the domestic passenger vehicle market remains healthy, higher input costs and competitor challenges for JLR could weigh on profitability.
This sugar processor surged 5.5% over the past week after the government approved the regulatory framework for using 100% ethanol (E100) as a transportation fuel. The decision marks a milestone in India's ethanol transition after it achieved the 20% ethanol blending (E20) target five years ahead of schedule in 2025.
The move could strengthen long-term ethanol demand, potentially benefiting producers such as Triveni, which derives over a quarter of its revenue from this. Profitability, however, will also depend on government feedstock policies. Managing Director Tarun Sawhney said, “My reading is that the government may increasingly favour rice over maize for ethanol production,” highlighting the role policy could play in future earnings. Maize currently offers higher margins than other feedstocks, making any shift in procurement policy a key variable for the industry. Grain-based feedstock accounted for 56% of ethanol sales during the year.
The company has also diversified into the liquor market and now has an annual production capacity of 9 million cases. To capitalise on the growing opportunity, Triveni operates five distilleries with a combined capacity of 860 kilolitres per day (KLPD) and plans to operationalise a 100 KLPD distillery at its Shamli facility. The project will increase capacity without requiring fresh capital expenditure, allowing the company to generate additional output from existing assets.
While ethanol remains a growth driver, sugar continues to anchor earnings. The segment contributes more than 60% of revenue and grew 13% in FY26. Sugar volumes rose 10.4% while realisations improved 3.8%. According to an Elara Securities analyst, El Niño-linked rainfall deficiencies could affect sugarcane production, with Maharashtra and Karnataka facing the highest risk. The deficit could tighten supplies and keep sugar prices firm.
For now, Uttar Pradesh is expected to see only a limited impact from El Niño. That may leave Triveni better placed than some peers, as it has all of its eight sugar mills in Uttar Pradesh (UP). Sawhney noted that “Western UP is relatively insulated because we get a lot of Himalayan melted water.”
Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.
