Evans Electric bags ₹1.60 cr Tata Power order for hydro stator repair
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.
— 1 earlier story on Evans Electric Ltd. →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 this 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.
Questions answered
- How material is this order for Evans Electric?
- At ₹1.60 crore, it's 14% of last reported annual revenue (₹11.68 cr) and over 4% of market cap. For a nano-cap, that's significant.
- Who is the client and why does it matter?
- The client is Tata Power, one of India's largest power utilities. A contract from a top-tier industrial house adds credibility and could lead to repeat orders.
- What is the scope of work?
- The order covers hydro generator stator winding repair works at the Bhivpuri Generating Station (Unit-10). Execution must be completed within 45 days.
- How does this compare to Evans Electric's recent order wins?
- This follows a ₹5.83 crore hydro refurbishment contract from a Tamil Nadu state utility. Together, they signal growing traction in the specialised hydro repair segment.
- What is the financial health of Evans Electric?
- The company has zero debt and a trailing ROE of 28.9%, but its latest quarter (Mar 2026) showed a net loss of ₹1 crore on sales of ₹5 crore, swinging from a profit of ₹7.57 crore earlier.
- When will the revenue from this order be recognised?
- Given the 45-day execution window, the order is likely to be completed and invoiced within the current quarter, providing near-term revenue.
Evans Electric Ltd.
Latest quarter · Mar 2026
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All notes on EVANS →- 1 Jul 2026 · 12:53 PM IST Evans Electric bags ₹1.60 cr Tata Power order for hydro stator repair
- 47d ago Evans Electric swings from ₹7.57 cr profit to ₹0.43 cr loss