1) Solex Energy Ltd
Solex Energy Limited is an Indian renewable energy company specializing in manufacturing high-quality solar photovoltaic (PV) modules using advanced Mono PERC & TOPCon tech, offering end-to-end solar solutions from EPC (Engineering, Procurement, Construction) to O&M (Operations & Maintenance) for residential, commercial, and utility projects, focusing on innovation, sustainability, and significant growth in capacity and market reach.
They serve domestic and international clients, expanding rapidly with certified, high-efficiency solar products and a vision for global leadership.
Solex Energy Limited has provided a revenue guidance target of INR 2,200–2,400 crore for the full financial year 2026 (FY26)
This guidance represents a significant growth of around 264% compared to its FY25 revenue of INR 660 crore.
2) Transformer & Rectifiers india Ltd
Transformers & Rectifiers (India) Limited (TARIL) is a leading Indian manufacturer of a wide range of transformers and reactors, operating primarily on a business-to-business (B2B) model.
The company provides essential equipment for the power generation, transmission, and distribution sectors, as well as various industrial applications both domestically and globally.
in Product Portfolio Company manufacture Power Transformers, Distribution Transformers, Specialty Transformers, Furnace Transformers, Rectifier Transformers.
For Fiscal Year 2026 (FY26), Transformers and Rectifiers India (TARIL) revised its revenue guidance downwards to ₹2,500 – ₹2,600 crores, from an earlier ₹3,500 crore target, due to temporary raw material shortages and heavy rains impacting Q2 execution, but maintains strong confidence with a robust order book and expects a rebound in the second half of FY26.
The company also aims for a 16% EBITDA margin and a significant order book of ₹8,000 crore by FY26 end, supported by capacity expansions and backward integration.
3) Solar Industries india Ltd
Solar Industries India Limited (SIIL) is a global leader in the manufacturing and supply of industrial explosives and an emerging major player in the defense and aerospace sectors. Headquartered in Nagpur, India, it operates the world’s largest single-location packaged explosives plant.
It Manufactures bulk explosives, cartridge/packaged explosives, and initiating systems (detonators, detonating cords, cast boosters).
It is India’s largest manufacturer with a ~24–30% domestic market share and leads Indian exports with a ~70% share in this segment.
Solar Industries India Ltd. projects ₹10,000 crore total revenue for FY26, with its defence segment contributing significantly, aiming for around ₹3,000 crore, more than doubling its previous year’s defence revenue and doubling its defence contribution overall. Management is confident in hitting these targets, supported by ramping up domestic defence orders like Pinaka and strong international growth, expecting robust volume growth (15%+) and revenue growth (30%+) in FY26.
4) Genus Power Infrastructure Ltd
Genus Power Infrastructures Limited is a leading Indian company primarily engaged in manufacturing and installing smart energy meters and providing engineering solutions for the power sector.
As of late 2025, its business is structured around two main operational pillars firstly Metering Solutions (Core Business), This is Genus’s dominant division, holding approximately a 27% market share in the overall Indian meter industry and 70% in the smart meter segment and secondly Engineering, Construction, and Contracts (ECC)
This division focuses on turnkey power infrastructure projects for the transmission and distribution sector.
As of late 2025, the company has a massive order book of approximately ₹28,758 crore to ₹32,000 crore, providing revenue visibility for the next 8–10 years.
Genus Power Infrastructures revised its FY26 revenue guidance upwards to ₹4,500 crore, from an earlier ₹4,000 crore, with a target EBITDA margin of 20% (up from 18%). The company is confident in achieving this due to a strong order book, expecting to install over 8 million smart meters in FY26, and aiming for ₹5,500-6,000 crore revenue in FY27.
5) Bondada Engineering Ltd
Bondada Engineering Limited is a leading Indian engineering company that provides end-to-end Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M) services, primarily for the telecom and solar energy sectors, The company operates manufacturing facilities for telecom towers and green construction products.
For FY26, Bondada Engineering has projected strong revenue growth, with guidance ranging from ₹2600-₹2700 Crore, For FY27 revenue target is ₹4000 Crore and For FY30(long term) revenue target is ₹1240 Crore.
6) Oriana Power Ltd
Oriana Power is a diversified clean energy company that provides end-to-end solar energy solutions, energy storage, and green hydrogen infrastructure.
The company operates primarily through two distinct financial and service models
EPC (Engineering, Procurement, and Construction) Also known as the CAPEX model, & RESCO (Renewable Energy Service Company) Also known as the OPEX or BOOT (Build, Own, Operate, Transfer) model.
Oriana Power has provided a revenue guidance in the range of INR 2,000 to 2,500 crore for FY26 (Financial Year 2025-2026). This guidance represents a projected growth of approximately 128% to 153% compared to their FY25 revenue of INR 987 crore.
7) Sky Gold & Diamond Ltd
Sky Gold and Diamonds Limited (formerly Sky Gold Limited) is an Indian business-to-business (B2B) company specializing in the design and manufacture of gold and diamond jewelry. Unlike retail brands, Sky Gold does not operate its own storefronts. Instead, it serves as a massive outsourced manufacturing hub for major national and international jewelry retailers.
The company maintains a massive digital catalog of over 900,000 designs (SKUs) and adds approximately 2,000–3,000 new designs every month through an 80-member in-house design team.
Sky Gold & Diamonds (Skygold) is targeting around ₹5,400 crore in revenue for FY26, driven by acquisitions, operational efficiency, and market demand, with strong Q1 and Q2 FY26 results showing significant growth towards this goal. They also maintain guidance for a strong revenue CAGR (Compound Annual Growth Rate) of around 46% for FY25-27, indicating sustained expansion.
8) Netweb Technologies Ltd
Netweb Technologies India Ltd. is a leading Indian-origin Original Equipment Manufacturer (OEM) that specializes in High-end Computing Solutions (HCS).
The company operates across six primary high-end technology segments like Supercomputing Systems, AI Systems and Enterprise Workstations, Private Cloud and Hyper-Converged Infrastructure (HCI), High Performance Storage (HPS), Data Center Servers & Software and Services.
Netweb Technologies expects strong growth for FY26, maintaining an organic revenue growth guidance of 35-40% (CAGR), driven by its AI segment’s surge.
9) PG Electroplast Ltd
PG Electroplast Limited (PGEL) is a leading Indian Electronic Manufacturing Services (EMS) provider specializing in Original Design Manufacturing (ODM) and Original Equipment Manufacturing (OEM) for consumer durable brands.
The company operates through four primary business segments,
Product Business is the primary revenue driver, contributing roughly 77% of total revenues as of late 2025. It focuses on air conditioners, washing machine, air cooler and plastic molding, electronics and tool manufacturing.
For FY26 (Fiscal Year 2026), PG Electroplast (PGEL) maintained guidance for consolidated revenues of ₹5,700-₹5,800 crore, expecting 17-19% growth over FY25, with a net profit target of ₹300-₹310 crore, despite facing challenges like early monsoons impacting AC sales in Q2, leading to a stock dip. The company is investing heavily in capacity expansion for refrigerators, ACs, and coolers, aiming for strong growth in washing machines, and expects total group revenue (including the Goodworth JV) to hit around ₹6,500-₹6,650 crore.
10) Kaynes Technology India Ltd
Kaynes Technology is a leading integrated electronics manufacturer and Internet of Things (IoT) solutions provider in India. It specializes in Electronics System Design and Manufacturing (ESDM) services, catering to high-reliability, high-mix, and flexible-volume requirements for diverse industries like automotive, aerospace, defense, railways, and medical sectors.
Kaynes Technology’s FY26 revenue guidance is around ₹4,400 – ₹4,500 crore, with strong growth from EMS, ramping OSAT/PCB, significant Smart Meter orders, Railways (Kavach), and Auto segments, aiming for ~17% margins and positive operating cash flow by year-end. They also project achieving a $1 billion revenue target sooner than FY28.
