What’s new

• Kundan Edifice guided for a minimum 25-30% revenue growth in FY27, up from its first ₹100 crore year in FY26.
• Exports, project lighting, and battery energy storage systems have begun commercial operations and will add to revenue.
• A long-term plan targets ₹400+ crore in annual revenue by 2030 and a mainboard migration within 12 months.

Why it matters

The near-term guide is a concrete step up for a nano-cap that just crossed ₹100 cr. The longer-term vision is aspirational for an ₹82 cr market cap company, but the immediate test is whether the new verticals can deliver the guided growth in the current year.

What we’re watching

• Whether the three new verticals deliver meaningful revenue in FY27.
• Execution on the planned mainboard migration within 12 months.
• Commercial traction in battery energy storage systems.

The full read

Kundan Edifice crossed ₹100 crore in revenue for the first time in FY26. Management now wants to grow faster. The company guided for 25-30% revenue growth in FY27, powered by three new business lines. Exports, project lighting, and battery energy storage systems have moved from planning to commercial operations and will add to sales this year. For the longer term, the 'Kundan 2.0' roadmap targets over ₹400 crore in annual revenue by 2030, with core OEM/ODM lighting reaching ₹225 crore. The company also plans to migrate from the SME exchange to the main board within 12 months. The ₹400 cr target is a distant aspiration for an ₹82 crore market cap company. The nearer test is whether the new verticals can deliver the guided growth in the current year.

Primary source: NSE