What’s new

• Management guided for ₹150-160 cr revenue in FY27, a 25-33% jump from the estimated ₹120 cr in FY26.
• A ₹23-24 cr capex will add 6,000-8,000 tonnes of forging capacity via a new hammer and press in H1 FY27.
• EBITDA margins are guided to improve from 6-7% in H1 to 8-10% in H2 as new capacity comes online.

Why it matters

This is a concrete growth plan for a nano-cap. The guidance implies the company expects to convert sector demand into a step-up in scale. The margin improvement target hinges on the new equipment running at higher utilisation quickly.

What we’re watching

• Whether the new equipment begins commercial production on schedule in H1 FY27.
• If the company wins the orders needed to fill the new capacity and hit ₹200 cr+ in FY28.
• Actual margin progression in H1 versus the guided 6-7%.

The full read

Paramount Speciality Forgings laid out a plan to roughly double its revenue over two years. The company guided for ₹150-160 crore in FY27, up from an estimated ₹120 crore in FY26, with a ₹23-24 crore capex adding 6,000-8,000 tonnes of forging capacity. A new 10-ton pneumatic hammer and 2,000-ton forging press are slated for commercial production in H1 FY27. Management expects margins to climb from 6-7% EBITDA in H1 to 8-10% in H2 as the new equipment lifts volume. The path to ₹200 crore-plus revenue in FY28 and a ₹250-300 crore full-capacity potential depends on winning orders from oil and gas, petrochemicals, and power clients. It's an ambitious ramp for a nano-cap, and the execution timeline is tight.

Primary source: NSE