Order Book
₹600 Cr
+50% YoY
Open order book across group companies, providing 12-18 months execution visibility.
AIMTRONELECTRONICS
Other
15 May 2026
Aimtron Electronics Ltd — Q4 FY26
Aimtron Electronics delivered a stellar FY26, with consolidated revenue surging 89.2% YoY to ₹301.2 crore and PAT rising 79.4% to ₹46 crore.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Aimtron Electronics delivered a stellar FY26, with consolidated revenue surging 89.2% YoY to ₹301.2 crore and PAT rising 79.4% to ₹46 crore. EBITDA margin held strong at 22.6%, reflecting disciplined execution despite the consolidation of the newly acquired AIC (formerly ICS) in the US. Growth was driven by a strategic shift from pure PCB assembly to higher-value box-build and ODM solutions, with key wins in data centers (Fortune 500 customer), telecom, and defense. The order book stands at ~₹600 crore, providing 12-18 months visibility. Management guided for a 40-50% CAGR over the next few years, targeting ₹1,000 crore revenue, with AIC margins expected to improve from low double-digits to 18-20% within a year. Risks include supply chain volatility and geopolitical uncertainties that could impact component availability and customer demand.
Key Numbers
Box Build Share
70%
+10pp YoY
Box build now 70% of revenue mix, up from 60% last year, reflecting value addition.
AIC Revenue (FY27E)
$17M
+70% YoY
Expected revenue from US subsidiary Aimtron International Controls in FY27.
Prototypes Developed
424
+30% YoY
Number of prototypes delivered in FY26, indicating strong design-to-manufacturing pipeline.
Management Guidance
Revenue CAGR of 40-50%
Management targets 40-50% CAGR over the next few years, aiming for ₹1,000 crore revenue milestone.
Management guidance revenueAIC Margin Improvement to 18-20%
AIC margins expected to improve from low double-digits to 18-20% within a year through cost synergies and operational efficiencies.
Management guidance marginsConsolidated PAT Margin ~15%
Management expects to maintain consolidated PAT margin around 15% with minor fluctuations.
Management guidance marginsMeatronics Facility Operational by Q4 FY27
Greenfield meatronics facility construction completed; mechanical setup by Q3 FY27 and SMT lines by Q4 FY27.
Management guidance expansionKey Risks
Supply Chain Disruptions
Global chip shortages and price increases could impact component availability and margins. Management mitigates via proactive stocking and customer communication.
medium · management_commentaryGeopolitical Uncertainty
Geopolitical events (e.g., Iran/Iraq tensions) could disrupt demand or supply chains, affecting growth targets.
medium · management_commentaryMargin Dilution from AIC Consolidation
AIC's lower margins (low double-digits) could temporarily drag consolidated margins until turnaround is complete.
low · analyst_questionInventory and Receivables Build-up
Inventory and receivables increased to ₹240 crore, partly due to ODM model and proactive stocking, posing cash flow risk.
medium · data_observationNotable Quotes
Our goal is to be a speedboat versus Titanic.
We are very conservative and we are very transparent in numbers and commitment.
We are into that niche market kind of an activity where just an example where someone is making just say PCB of fan or tube light that's too easy... but to make this 1 KV 2 KV 3 KV UPS you need an expertise.
Frequently Asked Questions
What was Aimtron Electronics's revenue in Q4 FY26?
Aimtron Electronics reported revenue of ₹179 Cr in Q4 FY26, representing a +89.2% change compared to the same quarter last year.
What guidance did Aimtron Electronics management give for FY27?
Revenue CAGR of 40-50%: Management targets 40-50% CAGR over the next few years, aiming for ₹1,000 crore revenue milestone. AIC Margin Improvement to 18-20%: AIC margins expected to improve from low double-digits to 18-20% within a year through cost synergies and operational efficiencies. Consolidated PAT Margin ~15%: Management expects to maintain consolidated PAT margin around 15% with minor fluctuations. Meatronics Facility Operational by Q4 FY27: Greenfield meatronics facility construction completed; mechanical setup by Q3 FY27 and SMT lines by Q4 FY27.
What are the key risks for Aimtron Electronics in FY27?
Key risks include Supply Chain Disruptions — Global chip shortages and price increases could impact component availability and margins. Management mitigates via proactive stocking and customer communication.; Geopolitical Uncertainty — Geopolitical events (e.g., Iran/Iraq tensions) could disrupt demand or supply chains, affecting growth targets.; Margin Dilution from AIC Consolidation — AIC's lower margins (low double-digits) could temporarily drag consolidated margins until turnaround is complete.; Inventory and Receivables Build-up — Inventory and receivables increased to ₹240 crore, partly due to ODM model and proactive stocking, posing cash flow risk..
Did Aimtron Electronics meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Aimtron Electronics Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.