Laser Power & Infra Ltd(LASERPOWER)

NSE: LASERPOWERBSE: 544822

₹ 210.25+2.16%refreshed 27 Oct, 01:00 pm ISTMarket cap: ₹ 2,951 crWebsite: laserpowerinfra.com/Updated: 27 Oct 2026

About

Laser Power & Infra Ltd manufactures power cables and conductors and executes EPC projects in India's transmission and distribution sector. In Q1 FY27 consolidated revenue comprised INR3,824 million from manufacturing and INR1,391 million from EPC, with an installed manufacturing capacity of 85,448 MT as of FY26.^[1]

Business segments

Manufacturing segment: cables and conductors; revenue INR3,824 mn in Q1 FY27 vs INR3,932 mn in Q1 FY26.^[1]
EPC segment: turnkey transmission and distribution projects; revenue INR1,391 mn in Q1 FY27, up 129% YoY from INR609 mn in Q1 FY26.^[1]
Within manufacturing, cables account for 90% of revenue and conductors 10% as of Q1 FY27.^[1]

Products

High-voltage (HV) cables grew from 9% to 29% of manufacturing revenue over the nine quarters to Q1 FY27, reflecting a deliberate mix shift toward higher-value specialty products.^[1]
Company offers HTLS (High Temperature Low Sag) re-conductoring solutions under a technology partnership with TS Conductor (AECC technology), secured in March 2025.^[1]

Manufacturing capacity and utilisation

Installed capacity stands at 85,448 MT as of FY26, up 37.8% over the FY24 - FY26 period.^[1]
Overall capacity utilisation was 61.6% in FY26, down from 76.2% in FY25, as capacity additions outpaced volume growth. Cable-specific utilisation is approximately 80%.^[1]

Order book

Total order book stood at INR27,884 mn as of June 2026, comprising INR14,327 mn manufacturing orders and INR13,557 mn EPC orders.^[1]
HTLS tender pipeline participated: approximately INR1,250 crores of tenders bid under the TS Conductor partnership as of Q1 FY27, all under active evaluation.^[1]
EPC EBITDA margin guidance is 15% - 20% as of Q1 FY27.^[1]

Customers and distribution

EPC order from CESC Limited for 33kV & 220kV underground cabling in CESC areas (Distribution Station, Kabitirtha), valued at INR44 crore inclusive of GST, execution targeted within March 2027.^[2][3]
HTLS re-conductoring order of INR72.76 crore secured from POWERGRID, representing the first commercial order under the TS Conductor technology partnership.^[4][1]

Expansion and capex

Received provisional approval for a 40-acre land lease from WBIDC on a 99-year term for a new manufacturing facility in West Bengal; status: provisional approval as of 24 Sep 2026.^[5]
Future capacity expansion is planned to be phased and demand-aligned, triggered when utilisation reaches 75 - 80%.^[1]

Recent developments

Oct 2026: Secured INR72.76 crore HTLS re-conductoring order from POWERGRID.^[4]
Sep 2026: Secured INR44 crore EPC order from CESC Limited for underground transmission cable works, to be executed by March 2027.^[2][3]
Sep 2026: Received provisional approval for 40-acre land lease from WBIDC (99-year term) for a new manufacturing facility in West Bengal.^[5]
Oct 2026 (effective): Mr. Debendra Banthiya resigned as Company Secretary and Compliance Officer; Board accepted resignation citing personal reasons.^[6]
Post-IPO approximately INR4,900 mn of proceeds used to repay borrowings; gross debt reduced to approximately INR3,600 mn, with net debt described as negligible after adjusting INR2,400 mn of fixed deposits held as margin money.^[1]

Market Cap

₹2,951 Cr

High / Low

₹344 / 202

Promoter holding

75.3%

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