Shares of , a leading player in the battery and power systems sector, are likely to attract investor interest on Friday, May 29, after the company secured a significant order win. In an exchange filing on Thursday, the company said it had received an order worth ₹1,714 crore from Chittaranjan Locomotive Works.
The order is for the supply, installation, testing, and commissioning of onboard Kavach locomotive equipment (Version 4.0). The contract is scheduled to be completed within 12 months from the commencement date.
The company also clarified that neither the promoter nor any promoter group entity has any interest in the awarding entity. It further stated that the transaction does not fall under related-party transactions.
Meanwhile, the company has remained under investors’ spotlight over the past few months following multiple Kavach.
In April, the company secured multiple orders, including a ₹179.79 crore contract from Banaras Locomotive Works (BLW) for the supply and commissioning of onboard Kavach equipment (Version 4.0). It also secured a similar order worth ₹83.81 crore from Patiala Locomotive Works (PLW).
Kavach, also known as the Train Collision Avoidance System (TCAS) or Automatic Train Protection System (IRATPS), is an advanced railway safety solution designed to prevent train collisions and improve operational safety.
Last week, the company announced its March quarter and FY26 financial results, reporting a 42.2% year-on-year rise in net profit, driven by strong revenue growth. Net profit for the quarter stood at ₹64 crore, compared to ₹45 crore in the corresponding quarter last year. Revenue rose 27% to ₹604.1 crore from ₹475.6 crore a year ago.
Revenue from its core battery segment came in at ₹344.62 crore, accounting for the largest share of total revenue, and remained largely flat year-on-year. Revenue from the electronics segment improved sharply to ₹179 crore from ₹54 crore in Q4FY25.
However, operating performance remained weak. EBITDA declined 6.5% year-on-year to ₹74.7 crore from ₹80 crore, while EBITDA margin contracted sharply to 12.37% from 16.80% in the year-ago quarter.
For the full financial year FY26, revenue surged to ₹3,303 crore from ₹1,967 crore in FY25, while net profit jumped to ₹798 crore from ₹262.57 crore.
Wealth Creator
Amid multiple order wins, the stock staged a strong recovery in April, rebounding 30% and snapping a three-month losing streak.
Between March 2023 and November 2025, the stock witnessed a one-way bull run, rallying from ₹107 apiece to ₹885 apiece, delivering a . Along the way, the stock touched a record high of ₹1,122.
In terms of annual performance, the stock has delivered positive returns in each of the last six years, including two multibagger years. During this period, the stock has surged by a massive 5,742%.
Cumulatively, the stock has gained nearly 700% over the last three years and 1,708% over the last five years.
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