Other Industrial Products industry

55 companies · ₹1.2 L cr · 11 with AI deep dives · Q1FY27 report

Record order books validate the recovery; freight and commodity cost spikes now cap the margin rebound

Turning upmargin troughed at 12.2% and has risen for 6 quarters to 13.5%, on positive revenue growth
Revenue YoY
+17.5%
EBITDA margin
13.5%
+90bps YoY
Price, 1 year
+13.8%
57% of names up
P/E vs own 5y
-19.0%
27.8x now

Exhibit 1The quarter in numbers

constant panel of 11 companies above ₹500 cr
aggregate revenue (₹ cr)EBITDA margin (right axis)
Revenue
Jun 26
5,078 cr
Mar 26
5,270 cr
QoQ
-3.6%
Jun 25
4,320 cr
YoY
+17.5%
Peak
5,270 cr
vs peak
-3.6%
EBITDA margin
Jun 26
13.5%
Mar 26
14.0%
QoQ
-50bps
Jun 25
12.6%
YoY
+90bps
Peak
14.0%
vs peak
-50bps

Breadth: 92% of 12 companies grew revenue year on year (was 100% a quarter earlier) and 33% expanded margin (was 58%).

Exhibit 2What it costs

25.89x - 75.06x across the panel today

The median name trades at 27.8x, -19.0% against this industry's own 5-year median of 34.3x, and -55.8% against its own peak of 62.9x.

Exhibit 3Structure

₹1.2 L cr

Inox India Ltd is 29.1% of this industry by market cap. The top 5 are 77.4% and the top 10 are 92.1%.

mid 4small 6micro 4516 above ₹500 cr

Exhibit 4Screen

P/E below the sub-industry median of 27.78x, 5y ROCE above its median of 16.77%, 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 56)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Mcap
₹20,426 cr
P/E
80.1x
EV/EBITDA
53.3x
ROCE
30.4%
Margin
23.0%
Rev YoY
+9.2%
Mcap
₹19,971 cr
P/E
24.5x
EV/EBITDA
17.5x
ROCE
45.9%
Margin
33.9%
Rev YoY
+6.0%
Mcap
₹10,408 cr
P/E
103.7x
EV/EBITDA
86.4x
ROCE
22.6%
Margin
20.1%
Rev YoY
+118.8%
Mcap
₹4,601 cr
P/E
27.7x
EV/EBITDA
13.1x
ROCE
16.8%
Margin
9.3%
Rev YoY
+17.5%
Mcap
₹4,066 cr
P/E
26.3x
EV/EBITDA
16.0x
ROCE
14.2%
Margin
16.7%
Rev YoY
+25.2%
Mcap
₹2,793 cr
P/E
24.6x
EV/EBITDA
20.4x
ROCE
20.3%
Margin
14.6%
Rev YoY
+22.9%
Mcap
₹1,677 cr
P/E
30.6x
EV/EBITDA
23.9x
ROCE
16.2%
Margin
16.4%
Rev YoY
+36.5%
Mcap
₹737 cr
P/E
70.1x
EV/EBITDA
28.9x
ROCE
6.1%
Margin
18.7%
Rev YoY
+57.7%
Mcap
₹602 cr
P/E
22.5x
EV/EBITDA
11.8x
ROCE
13.3%
Margin
11.3%
Rev YoY
-10.5%
Mcap
₹471 cr
P/E
17.3x
EV/EBITDA
13.3x
ROCE
19.9%
Margin
11.1%
Rev YoY
+8.5%
Mcap
₹458 cr
P/E
1.4x
EV/EBITDA
13.1x
ROCE
19.6%
Margin
24.6%
Rev YoY
+34.8%
Mcap
₹35,520 cr
P/E
282.8x
EV/EBITDA
207.7x
ROCE
9.8%
Margin
26.8%
Rev YoY
+97.4%
Mcap
₹9,082 cr
P/E
40.9x
EV/EBITDA
-
ROCE
65.3%
Margin
19.4%
Rev YoY
+19.6%
Mcap
₹4,058 cr
P/E
27.0x
EV/EBITDA
5.7x
ROCE
6.1%
Margin
12.5%
Rev YoY
+4.3%
Mcap
₹1,057 cr
P/E
-
EV/EBITDA
41.7x
ROCE
10.1%
Margin
13.8%
Rev YoY
+276.6%
Mcap
₹848 cr
P/E
22.5x
EV/EBITDA
-
ROCE
-
Margin
12.4%
Rev YoY
+21.7%
Mcap
₹835 cr
P/E
85.4x
EV/EBITDA
109.1x
ROCE
25.8%
Margin
13.8%
Rev YoY
+162.7%
Mcap
₹709 cr
P/E
-
EV/EBITDA
-
ROCE
-
Margin
-
Rev YoY
-
Mcap
₹402 cr
P/E
42.2x
EV/EBITDA
23.1x
ROCE
12.1%
Margin
16.8%
Rev YoY
-
Mcap
₹350 cr
P/E
19.2x
EV/EBITDA
12.2x
ROCE
19.5%
Margin
10.4%
Rev YoY
+23.3%
Mcap
₹247 cr
P/E
32.9x
EV/EBITDA
23.2x
ROCE
13.7%
Margin
15.5%
Rev YoY
+33.9%
Mcap
₹200 cr
P/E
153.9x
EV/EBITDA
35.8x
ROCE
13.6%
Margin
9.7%
Rev YoY
-23.0%
Mcap
₹189 cr
P/E
14.9x
EV/EBITDA
12.9x
ROCE
35.9%
Margin
7.7%
Rev YoY
+24.0%
Mcap
₹182 cr
P/E
-
EV/EBITDA
35.1x
ROCE
0.4%
Margin
7.6%
Rev YoY
-3.9%
Mcap
₹167 cr
P/E
17.3x
EV/EBITDA
17.4x
ROCE
19.3%
Margin
19.8%
Rev YoY
-24.9%

Exhibit 6What managements said

from this industry's latest earnings calls · as of 2026-06-30
tailwindOrder books at historical highs provide multi-quarter revenue visibility5 managements

At least five names reported backlogs at or near all-time highs. INOX India's total backlog of ₹1,686 Cr is the highest in company history. Diffusion's order book rose 20.4% QoQ…

  • INOXINDIA (Q1FY27): “We delivered our highest ever quarterly order inflow of approximately INR532 crores…
4 more themes from this quarter's earnings calls are locked. A free account opens 3 full reports a quarter: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →

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 31 companies

1-30
sort: mcap · composite · name
Mcap
₹145 cr
P/E
19.1x
EV/EBITDA
9.3x
ROCE
11.6%
Margin
9.7%
Rev YoY
-4.2%
Mcap
₹142 cr
P/E
26.3x
EV/EBITDA
18.3x
ROCE
34.0%
Margin
16.5%
Rev YoY
-11.8%
Mcap
₹133 cr
P/E
24.6x
EV/EBITDA
11.9x
ROCE
7.6%
Margin
12.4%
Rev YoY
-17.6%
Mcap
₹128 cr
P/E
13.0x
EV/EBITDA
7.2x
ROCE
23.7%
Margin
33.6%
Rev YoY
+0.7%
Mcap
₹109 cr
P/E
26.4x
EV/EBITDA
16.2x
ROCE
16.0%
Margin
15.9%
Rev YoY
+29.2%
Mcap
₹108 cr
P/E
30.5x
EV/EBITDA
18.0x
ROCE
9.8%
Margin
6.8%
Rev YoY
-
Mcap
₹102 cr
P/E
13.0x
EV/EBITDA
12.4x
ROCE
17.3%
Margin
8.8%
Rev YoY
-
Mcap
₹101 cr
P/E
4.5x
EV/EBITDA
5.3x
ROCE
39.1%
Margin
10.3%
Rev YoY
-18.2%
Mcap
₹101 cr
P/E
7.9x
EV/EBITDA
5.1x
ROCE
21.3%
Margin
9.8%
Rev YoY
+20.6%
Mcap
₹93 cr
P/E
19.7x
EV/EBITDA
10.3x
ROCE
21.6%
Margin
10.3%
Rev YoY
+119.8%
Mcap
₹93 cr
P/E
40.1x
EV/EBITDA
-
ROCE
9.7%
Margin
10.5%
Rev YoY
-
Mcap
₹91 cr
P/E
13.8x
EV/EBITDA
10.3x
ROCE
23.2%
Margin
21.3%
Rev YoY
+1.7%
Mcap
₹81 cr
P/E
-
EV/EBITDA
-406.8x
ROCE
-0.9%
Margin
-4.2%
Rev YoY
-100.0%
Mcap
₹77 cr
P/E
20.3x
EV/EBITDA
10.6x
ROCE
12.2%
Margin
5.0%
Rev YoY
-43.7%
Mcap
₹67 cr
P/E
13.4x
EV/EBITDA
10.3x
ROCE
13.2%
Margin
7.6%
Rev YoY
-1.6%
Mcap
₹62 cr
P/E
-
EV/EBITDA
17.3x
ROCE
16.8%
Margin
9.2%
Rev YoY
+33.2%
Mcap
₹46 cr
P/E
56.5x
EV/EBITDA
33.9x
ROCE
6.3%
Margin
8.0%
Rev YoY
-57.6%
Mcap
₹41 cr
P/E
7.8x
EV/EBITDA
7.5x
ROCE
4.9%
Margin
3.4%
Rev YoY
-
Mcap
₹40 cr
P/E
-
EV/EBITDA
-
ROCE
-14.0%
Margin
-8.2%
Rev YoY
-94.6%
Mcap
₹40 cr
P/E
12.9x
EV/EBITDA
7.4x
ROCE
12.8%
Margin
10.8%
Rev YoY
+1.2%
Mcap
₹39 cr
P/E
-
EV/EBITDA
-483.1x
ROCE
-6.1%
Margin
-0.1%
Rev YoY
-25.9%
Mcap
₹38 cr
P/E
25.7x
EV/EBITDA
9.5x
ROCE
5.0%
Margin
18.3%
Rev YoY
-
Mcap
₹34 cr
P/E
8.3x
EV/EBITDA
7.3x
ROCE
16.8%
Margin
4.2%
Rev YoY
-16.9%
Mcap
₹34 cr
P/E
-
EV/EBITDA
50.6x
ROCE
5.9%
Margin
47.9%
Rev YoY
-
Mcap
₹33 cr
P/E
4.0x
EV/EBITDA
3.7x
ROCE
53.1%
Margin
14.8%
Rev YoY
-
Mcap
₹26 cr
P/E
5.0x
EV/EBITDA
4.6x
ROCE
8.3%
Margin
8.2%
Rev YoY
-24.0%
Mcap
₹25 cr
P/E
16.6x
EV/EBITDA
11.1x
ROCE
9.3%
Margin
3.5%
Rev YoY
-
Mcap
₹17 cr
P/E
12.2x
EV/EBITDA
7.7x
ROCE
20.2%
Margin
6.3%
Rev YoY
+51.7%
Mcap
₹15 cr
P/E
13.1x
EV/EBITDA
8.7x
ROCE
22.2%
Margin
20.6%
Rev YoY
+38.0%
Mcap
₹11 cr
P/E
11.9x
EV/EBITDA
15.8x
ROCE
3.1%
Margin
6.0%
Rev YoY
+21.7%

1 more companies

This industry has 31 constituents beyond the covered names. The first page is free; premium opens the rest.

See plans