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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹370 Cr
verification pending
Revenue YoY
10.78%
reported change
EBITDA
₹33 Cr
latest reported figure
Source
manual review required
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Gee Ltd reported FY26 revenue of ₹370 crore (up ~11% YoY) with EBITDA of ₹33 crore (9% margin) and PAT of ₹13 crore (3.5% margin). Q4 revenue hit ₹112 crore, reflecting a 58% sequential growth from Q1's ₹79 crore, driven by capacity utilization improvement from 48% to 57% and strong demand from defense, nuclear, and power sectors. Management targets ₹1,000 crore revenue by FY29 (25-30% CAGR) and double-digit EBITDA margins, supported by new product launches (flux-cored wire from July 2026), capacity expansion, and non-core asset monetization (₹400 crore from Thane land). Key risks include commodity price inflation and execution delays in scaling up new product lines.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets 25-30% CAGR revenue growth to reach ₹1,000 crore by FY29, driven by power, defense, railway, and export sectors.
- EBITDA margin expected to improve to 10%+ in FY27 from 9% in FY26, aided by cost controls and solar power installation.
- New flux-cored wire line to commence production in July 2026, targeting ₹50 crore annual revenue.
- Thane land development expected to generate over ₹400 crore cash flows over 5 years, to be used for acquisitions and shareholder rewards.
Risks flagged
- Rising raw material costs could pressure gross margins; management says price pass-through takes one month.
- Flux-cored wire and other new products require timely commissioning and market acceptance to meet revenue targets.
- Growth is tied to capex in power, defense, and railways; any slowdown could impact demand.
- Company sells at 6-7% discount to peers like Ador and ESAB in retail, limiting margin upside.
Key quotes
- We are one of the only few welding companies which is supplying to INS Vikrant and other aircraft carriers.
- The target revenue is to grow and take this company in the short term to a ₹1,000 crore company.
- We are also planning to install solar power into our factories which will help us to improve our EBITDA margins.
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