Evans Electric bags ₹1.60 cr Tata Power order for hydro stator repair

Tipsheet Editorial — Wed, 01 Jul 2026 12:53:54 GMT

The 45-day contract adds to a recent ₹5.83 cr win, strengthening the order book for the nano-cap's niche hydro repair business.

What’s new

Order from Tata Power for stator winding repair at Bhivpuri hydro station.
45-day completion window promises near-term revenue booking.
Follows a ₹5.83 cr hydro refurbishment contract from a Tamil Nadu utility.

Why it matters

For Evans Electric, with annual revenue of just ₹11.68 cr, the ₹1.60 cr order is 14% of sales and over 4% of its market cap (₹37 cr). Tata Power as client lends credibility and opens the door for repeat business in the niche hydro repair segment.

What we’re watching

Whether margins on this quick-turn job are in line or squeezed.
Any follow-on orders from Tata Power for other units.
How the order flow affects the next quarterly results after a loss in Mar 2026.

The full read

Evans Electric is building a steady book in the niche hydro repair space. On the heels of a ₹5.83 cr refurbishment order from a Tamil Nadu utility, it has now landed a ₹1.60 cr service contract from Tata Power for stator winding repair at Bhivpuri station. The 45-day turnaround means this order hits the books fast. For a company with just ₹11.68 cr in trailing revenue and a market cap of ₹37 cr, ₹1.60 cr is 14% of sales — material by any measure. The client profile matters too: Tata Power is a top-tier counterparty, and repeat work in the same generating station is a real possibility. But the recent swing to a ₹1 cr quarterly loss tempers the enthusiasm. The next quarter will show whether margin discipline keeps pace with order wins. For now, Evans is doing what it needs to: building a revenue pipeline with credible partners.

Primary source: BSE · NSE

Evans Electric swings from ₹7.57 cr profit to ₹0.43 cr loss

Tipsheet Editorial — Wed, 20 May 2026 20:37:46 GMT

Revenue more than halved to ₹11.68 cr; second-half loss of ₹0.75 cr deepens the damage.

What’s new

Revenue halved to ₹11.68 cr from ₹25.39 cr.
Net profit of ₹7.57 cr turned into a loss of ₹0.43 cr.
Second half alone lost ₹0.75 cr versus ₹6.59 cr profit a year ago.

Why it matters

For a nano-cap with a ₹45 cr market cap, a revenue collapse of this magnitude is existential. The company burned through its earnings base in one year, and the second-half trajectory suggests no near-term recovery. Investors must reassess the viability of the business model.

What we’re watching

Whether the revenue decline stabilizes in FY27.
Any restructuring or cost-cutting measures announced.
Impact of new director appointment on governance.

The full read

Evans Electric's FY26 results are a wake-up call. The company, valued at just ₹45 crores, saw revenue more than halve to ₹11.68 crores, and swung from a net profit of ₹7.57 crores to a loss of ₹0.43 crores. The second half was even worse, with a loss of ₹0.75 crores compared to a profit of ₹6.59 crores in the same period last year. For a nano-cap, such a drastic change in fundamentals is often a precursor to deeper trouble. The board also appointed a new director, but the focus remains squarely on the financial cliff. Shareholders should watch for any signs of recovery in the coming quarters; without it, the business may struggle to sustain itself.

Primary source: BSE · NSE

Evans Electric Ltd. (EVANS) — Tipsheet

Evans Electric bags ₹1.60 cr Tata Power order for hydro stator repair

What’s new

Why it matters

What we’re watching

The full read

Evans Electric swings from ₹7.57 cr profit to ₹0.43 cr loss

What’s new

Why it matters

What we’re watching

The full read