Synopsis:
These 2 stocks are expected to grow their revenue by up to three times over the next three years. This projected growth is driven by strong business strategies, market expansion, and increasing demand for their products or services.
India’s manufacturing and power equipment sectors are witnessing rapid expansion, supported by rising demand, technology adoption, and strong execution strategies. Over the next three years, leading players from these industries are targeting revenue milestones of around $1 billion, driven by capacity additions, efficiency improvements, and diversification into high-growth markets.
Here are the stocks that are targeting $1 Billion revenue growth over the next three years:
1. Kaynes Technologies Limited
Kaynes Technologies Limited is a full-service electronics manufacturer offering IoT-enabled solutions and expertise across all areas of Electronics System Design and Manufacturing. It also designs and produces advanced electronic modules and solutions for various industries.
With a market capitalization of Rs.48,827.04 crore, the shares of Kaynes Technologies Limited closed at Rs.7,283.85, up by 1.85 percent from the previous close of Rs.7,151.85. In Q1FY26, the company reported revenue of Rs.673 crore, up from Rs.504 crore in Q1FY25.Net profit rose to Rs.75 crore from Rs.51 crore for the same period.
The company’s return on equity is 10.7 percent, and return on capital employed is 14.3 percent. P/E ratio of the company stands at 157.37, with the industry average of 36.38.
The company has a diversified and execution-focused business model, driving strong growth in sectors like electric vehicles, aerospace, industrial, and rail. It is expanding manufacturing with a new Chennai plant expected by early 2026 and advancing its Kavach development program. A recent acquisition in Canada helps strengthen its presence in North America and diversify its customer base.
By FY27, the company is likely to use about half of its planned 3,400 investment, with key clients coming on board. Working with top-rated private clients, especially in silicon photonics, is helping the company grow in advanced packaging. With three strong clients in the first phase, the company expects high capacity use and good results. These clients also support technology transfer and improve business.
The company is planning to generate revenue of 8,300 crores (1 billion dollars) for FY28, with an increase in revenue of 205 percent from Rs.2,722 crores in FY25. The company has developed exclusive zones within its facility to meet the specific requirements of large customers who foresee potential business of this scale. A significant portion of the facility has been dedicated to customer-specific EMS units.
2. Transformers & Rectifiers Limited
Transformers & Rectifiers Limited is primarily involved in making and selling different types of transformers, including power transformers and distribution transformers. It operates through two manufacturing plants, which are located in Changodar and Odhav, both in Ahmedabad. These facilities handle the production and supply of the company’s transformer products.
With a market capitalization of Rs.14,937.75 crore, the shares of Transformers & Rectifiers Limited closed at Rs.497.65,up by 1.46 percent from the previous close of Rs.490.50. In Q1FY26, the company reported revenue of Rs.529 crore, up from Rs.322 crore in Q1FY25. Net profit rose to Rs.67 crore from Rs.21 crore for the same period.
The company’s return on equity is 23.4 percent, and return on capital employed is 28 percent. P/E ratio of the company stands at 60.95, with the industry average of 48.84.The company continued to strengthen its financial health and improve operational efficiency. Its current ratio of 2.25 indicates strong liquidity, while trade receivables stand at 72 days, showing effective management of working capital.
Apart from the above, it is focused on increasing profit margins, using capital more efficiently, and aiming to become debt-free within the next 18 to 24 months. It is also committed to its long-term target of achieving USD 1 billion in revenue over the next three financial years and is confident about staying on track to reach this goal.
Transformers & Rectifiers Limited plans to grow its revenue to Rs. 8,300 crore (around $1 billion) in the next three years. The company aims to increase its revenue from Rs. 2,017 crore to Rs. 8,300 crore, which is a rise of 311 percent.
Instead of raising prices, the company’s focus will be on improving profits through better efficiency and cost reduction. A key part of this plan is backward integration, which will lower dependence on outside suppliers and make operations more efficient, helping to boost revenue.
Written By Jhanavi Sivakumar
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