Kaynes Technology, along with two other companies, is set to deliver impressive revenue growth exceeding 50 percent in the upcoming period. Driven by strong project pipelines and robust market demand, these firms are well-positioned to capitalize on emerging opportunities. Investors are closely watching their performance as they demonstrate solid potential for significant top-line expansion.
Here are three such fundamentally strong stocks expected to grow over 50%:
1. Kaynes Technology India Ltd
With a market capitalization of Rs. 35,075.58 crore, Kaynes Technology India Ltd, a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company, saw its shares close at Rs. 5473.35 per equity share on Friday, falling 0.17 percent from its previous closing price.
Kaynes Technology has shown strong financial and operational performance as of March 2024. The company’s order book stands at Rs.6,597 crore, reflecting robust business momentum and a healthy pipeline for future growth. Its EBITDA is Rs.411 crore, representing a notable 62 percent year-on-year increase, while the EBITDA margin has improved to 15.1 percent, up by 101 basis points.
In the latest conference call, Mr. Jairam Sampath, CFO and Managing Director of Kaynes Technology expressed confidence in the company’s growth trajectory for FY26. He stated that a minimum revenue growth of 60 percent would take the company to approximately Rs.4,350 crores.
He further added that, if operations progress smoothly, this target could be surpassed. Additionally, the company is aiming for at least a 50 basis point expansion in EBITDA margins, reflecting strong internal planning and a focus on improving profitability.
2. KPI Green Energy Ltd
KPI Green Energy Ltd, with a market capitalization of Rs.9,847.32 crores, is engaged in developing, building, owning, and operating renewable energy assets, including solar and wind-solar hybrid power projects, both as an Independent Power Producer (IPP) and a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand. On Friday,
the company’s shares closed at Rs. 499.00, marking a decline of 1.80 percent from the previous session. The company’s CMD, Dr. Faruk Patel, reaffirmed their strong growth outlook, stating a commitment to achieving 60 to 70 percent year-on-year growth, a target already met this year. He also expressed confidence in further improvement in the coming year.
On the IPP front, the company has a 1.5-gigawatt pipeline under execution, expected to be completed in phases over the next few years. Full revenue contribution from this capacity is anticipated to begin in FY 2027–28.
3. Transformers & Rectifiers India Ltd
With a market capitalization of Rs.14,993.28 crore, Transformers & Rectifiers India Ltd, a manufacturer of Power, Furnace, and Rectifier Transformers, saw its shares close at Rs.499.50 per equity share on Friday, falling 0.90 percent from its previous closing price.
The company is embarking on a major capacity expansion, with the first phase adding 15,000 MVA starting commercial production by May 2025. A further 22,000 MVA will be added, pushing total production capacity beyond 75,000 MVA by February 2026.
To support this growth, a capital expenditure of Rs.550 crores will be deployed over the next 15 months. Additionally, the company has initiated four new backward integration facilities and aims to be fully backward integrated by Q1 FY26-27.
As part of its strategic roadmap, the company aims to scale its revenue from around Rs.2,000 crores to US$1 billion (approximately Rs.8,000 crores) over the next three years, implying a robust compound annual growth rate (CAGR) of about 58.7 percent, supported by operational expansion and improved efficiencies.
Written by – Siddesh S Raskar
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