What’s new

• Revenue jumps 254% YoY to ₹95.36 cr in Q1 FY27.
• Total order visibility stands at ₹292 cr, including ₹142 cr executable in three months.
• Company listed on BSE SME, expanding cable capacity from 7,500 to 12,000 km/year.

Why it matters

The 254% growth and ₹292 cr order book dwarf the company's ₹452 cr market cap, suggesting deep undervaluation. The entire unexecuted order book of ₹142 cr is set to be delivered in the next 90 days, potentially making near-term revenue alone exceed the current market value if margins hold.

What we’re watching

• Q2 execution pace: can the company deliver ₹142 cr in three months?
• Margins on this new revenue: provisional numbers don't show profitability.
• Any follow-on institutional interest after the BSE SME listing.

The full read

Susan Electricals just put up a quarter that makes its market cap look like a rounding error. Revenue for Q1 FY27 hit ₹95.36 crore, a 254% increase year-on-year. The total order visibility now stands at ₹292 crore, over three times quarterly revenue. Of that, ₹142 crore is set to be executed in the next three months alone. That is roughly 31% of the company's ₹452 crore market cap, and if margins hold, near-term revenue could surpass the entire current valuation. The company listed on the BSE SME on 18 June and is doubling cable capacity from 7,500 km to 12,000 km per year. The numbers are provisional and unaudited, but the magnitude is unmistakable. For a nano-cap with a trailing P/E of 24.8 and ROE of 47.4%, the gap between operating momentum and market valuation is so large that it compels a re-rating.

Primary source: BSE · NSE