| Revenue growth | FY26 growth 41-42%; FY27 target 50% growth. |
|---|---|
| Margins | Margins expected to rise with volume as fixed manpower costs stabilize. |
| Order book | Comfortable position; more orders than planned growth. |
| Demand visibility | Recovered post-Q4; 2-3 months order position looks good. |
| Management confidence | High; capacity expansion and order book visibility supporting 50% growth target. |
Growth
FY26 revenue up 41-42%, EPS grew 85%, and chimney production reached 270,000 units (up 38% YoY).
Outlook
Guidance of 50% revenue growth for FY27 targeting 400,000 chimneys; long-term target of ₹500cr revenue by FY28/29.
Risks
Softening demand in Q4 due to geopolitical issues in the Gulf; raw material price volatility and rupee depreciation.
Last quarter's promises, checked
Delivered
- Guided 40%+ growth in H1 → delivered 41-42% growth (= BEAT)
- Targeted 28-30% gross margins → delivered 29.8% (70.2% RM cost) (= BEAT)
- Guided Panchkula expansion to 35k units/mo → delivered 35k-40k capacity (= BEAT)
Partly delivered
- Targeted 30-35% non-chimney revenue mix by 2027 → delivered 15-20% (= PARTIAL)
Missed
- Guided Hyderabad plant to 80-90% utilization → delivered 50% (= MISS)
Earnings Call filed with BSE, BSE: 541083. Summary written with AI assistance from the document.
Inflame Appliances Ltd: key numbers
- Share price
- ₹223.80
- Market cap
- ₹167.7 Cr
- Revenue (annual)
- ₹150.2 Cr
- Net profit (annual)
- ₹5.88 Cr
- P/E (TTM)
- 28.5×Sector 45.6×
- Promoter holding
- 44.72%
- FII holding
- 0.19%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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