Capacity Expansion Roadmap
Phase 2 expansion targeting 59,045 MT total capacity by FY27, with 30,000 MT new capacity split between specialized and standard winding wires. Additional EV/standard wire machines to come online in FY27.
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KSH International · forward-looking guidance across the available source record.
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What management said would happen.
expansion
HVDC Market Penetration
Received initial order for 11 HVDC 400 KV transformers from BHL for the Badla KV project; more HVDC orders expected as consortium members receive transformer contracts. KSH is the only Indian supplier qualified for HVDC 400 KV.
Working Capital Optimization
Targeting reduction in working capital days (receivable, inventory, payable) over the next 1-2 years by shifting copper purchases from advance payment to supplier credit terms in line with industry peers.
EV Peak Wire Localization
Licensed HBW's patented 800V+ peak wire technology for EV traction motors; capacity to be set up with initial commercial volumes expected post-FY27 as programs with EV motor manufacturers mature.
Full Year Volume: 28,500-29,500 MT
Management expects full-year volume growth of 30-35% YoY given 14,400 MT of additional annualized capacity available in H2 FY26.
Q4 Volume Run Rate: Similar Sequential Increase as Q3
Based on analyst question, management confirmed expecting similar volume increase in Q4 as seen in Q3 (~7,800-8,000 MT implied for Q4).
Capacity Utilization Target: 80-85% in 2-3 Years
With 43,445 MT current capacity, management targets optimal utilization of 80-85% within 2-3 years as volumes ramp at Supa facility.
EBITDA Per Ton: Sustainable at Rs 65,000-67,000
Management comfortable that current EBITDA per ton levels of Rs 66,000 are sustainable even as Phase 2 capacity comes online.