Industrial Products industry
190 companies · ₹4.3 L cr · 36 with AI deep dives · Q1FY27 report
Record domestic order books hit margin trough as component inflation and West Asia logistics compress earnings
- Revenue YoY
- +26.6%
- EBITDA margin
- 10.5%
- -70bps YoY
- Price, 1 year
- +12.5%
- 61% of names up
- P/E vs own 5y
- +36.0%
- 45.7x now
Exhibit 1The quarter in numbers
constant panel of 54 companies above ₹500 cr- Jun 26
- 18,980 cr
- Mar 26
- 19,715 cr
- QoQ
- -3.7%
- Jun 25
- 14,998 cr
- YoY
- +26.6%
- Peak
- 19,715 cr
- vs peak
- -3.7%
- Jun 26
- 10.5%
- Mar 26
- 11.7%
- QoQ
- -120bps
- Jun 25
- 11.2%
- YoY
- -70bps
- Peak
- 12.8%
- vs peak
- -230bps
Breadth: 77% of 60 companies grew revenue year on year (was 64% a quarter earlier) and 50% expanded margin (was 43%).
Exhibit 2What it costs
25.03x - 69.45x across the panel todayThe median name trades at 45.7x, +36.0% against this industry's own 5-year median of 33.6x, and -12.8% against its own peak of 52.4x.
Exhibit 3Structure
₹4.3 L crAditya Infotech Ltd is 10.3% of this industry by market cap. The top 5 are 39.8% and the top 10 are 57.6%.
Exhibit 4Screen
P/E below the sub-industry median of 45.69x, 5y ROCE above its median of 16.08%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (25 of 190)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹30,569 cr
- P/E
- 55.5x
- EV/EBITDA
- -
- ROCE
- 15.7%
- Margin
- 15.9%
- Rev YoY
- +1.8%
- Mcap
- ₹23,462 cr
- P/E
- 67.9x
- EV/EBITDA
- 33.4x
- ROCE
- 12.0%
- Margin
- 19.2%
- Rev YoY
- +40.5%
- Mcap
- ₹9,338 cr
- P/E
- 107.6x
- EV/EBITDA
- 68.1x
- ROCE
- 15.7%
- Margin
- 17.4%
- Rev YoY
- +43.1%
- Mcap
- ₹4,797 cr
- P/E
- 22.2x
- EV/EBITDA
- 13.4x
- ROCE
- 13.2%
- Margin
- 9.9%
- Rev YoY
- -16.9%
- Mcap
- ₹4,445 cr
- P/E
- 55.4x
- EV/EBITDA
- 24.9x
- ROCE
- 15.4%
- Margin
- 17.8%
- Rev YoY
- +31.6%
- Mcap
- ₹2,423 cr
- P/E
- 25.5x
- EV/EBITDA
- 14.3x
- ROCE
- 19.4%
- Margin
- 11.3%
- Rev YoY
- +23.9%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Across capital goods, EMS, precision engineering and process equipment, companies reported record or multi-year-high order positions, with book-to-bill above 1x at most reporters…
- CYIENTDLM (Q1FY27): “We recorded our highest ever order book at INR2,598 crores. That is a strong signal of…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →AppendixThe other 165 companies
1-30- Mcap
- ₹12,329 cr
- P/E
- 55.2x
- EV/EBITDA
- 51.7x
- ROCE
- 12.3%
- Margin
- 17.7%
- Rev YoY
- +142.9%
- Mcap
- ₹8,252 cr
- P/E
- 194.5x
- EV/EBITDA
- 47.5x
- ROCE
- 10.2%
- Margin
- 11.6%
- Rev YoY
- +14.5%
- Mcap
- ₹5,864 cr
- P/E
- 91.1x
- EV/EBITDA
- 54.3x
- ROCE
- 19.5%
- Margin
- 12.2%
- Rev YoY
- +55.2%
- Mcap
- ₹4,733 cr
- P/E
- 82.2x
- EV/EBITDA
- 58.2x
- ROCE
- 21.4%
- Margin
- 16.0%
- Rev YoY
- +81.0%
- Mcap
- ₹2,429 cr
- P/E
- 57.0x
- EV/EBITDA
- 38.0x
- ROCE
- 50.9%
- Margin
- 30.6%
- Rev YoY
- +72.5%
- Mcap
- ₹1,987 cr
- P/E
- 30.2x
- EV/EBITDA
- -
- ROCE
- 10.7%
- Margin
- 12.1%
- Rev YoY
- +22.1%
- Mcap
- ₹1,948 cr
- P/E
- 54.4x
- EV/EBITDA
- 32.1x
- ROCE
- 22.9%
- Margin
- 12.5%
- Rev YoY
- -
- Mcap
- ₹1,939 cr
- P/E
- 13.6x
- EV/EBITDA
- 9.2x
- ROCE
- 15.0%
- Margin
- 18.9%
- Rev YoY
- -1.5%
- Mcap
- ₹1,311 cr
- P/E
- 35.2x
- EV/EBITDA
- 23.9x
- ROCE
- 15.7%
- Margin
- 17.6%
- Rev YoY
- +19.5%
135 more companies
This industry has 165 constituents beyond the covered names. The first page is free; premium opens the rest.
See plans →