15 High Growth Companies With Big Revenue Targets For Fy27

TITLE: 15 High-Growth Companies with Big Revenue Targets for FY27 🚀 CHANNEL: Shankar Nath DATE: 2026-05-30 ---TRANSCRIPT--- Hi everyone, welcome to episode 36 of Learn on the Go. Let’s get straight to it. And at the time of recording this video, we’ve had over 3,500 companies that have declared their Q4 results. And in the past 3 years, the last quarter, that is Q4 of FY26, seems to have delivered the best of results with an year-on-year revenue growth of 15%. The operating profit is up 20% while the growth in net profits is a respectable 23 something%. As to why the stock markets aren’t responding positively to this, I’m sure you know the answer. Tons of external and internal shocks including the price of crude which is around $100 a barrel and India is a major importer. We’re also seeing rampant selling by FIS more than 2.2 2 lakh crores in FY26 alone. Then at 96 to the dollar, the Indian rupee is amongst the worst performers in Asia. And inflation as of April has now risen for six straight months and so on. It won’t be wrong to say that some sort of sentimental fatigue has set in which normally happens when the market isn’t going anywhere wherein investors are now far more sensitive to bad news than the good news. And that’s probably why the market is struggling to move up decisively. What’s also true is that the price of a stock is a reflection and indication of future performance. And it’s the business performance I’m interested in in this video as we go through 15 different companies that have presented a guidance calling for strong growth in topline numbers. That is the revenue numbers. Please note this list isn’t exhaustive. There’ll be at least 100 plus companies that have not included here, but nothing to fear. I’m sure there are many who are just waiting for such an opportunity to point out gaps. Not sure what makes them do this, but that’s fine. And as long as they’re adding more high- growth companies in the comments, I’m happy to accept their input and ignore them at the same time. Okay, that said, let’s do the first one. I’m going alphabetic here. Starting with Aquitas Chemicals. You might remember this company as Amy Organics. It was mostly into pharmaceutical intermediates. But in the last 2 three years, it has expanded into advanced chemistry for pharma, batteries, and semiconductors. And therefore, the change in me. In terms of revenue, the company has almost doubled its top line in the last 2 years. While net profits have seen a 7x jump clocking over 350 crores in FY26 but let’s stick to the revenue bit and after delivering a 40% growth in FY25 and a 33% growth last year the management is guiding for a 25% growth in topline for the current financial year. The company’s CDMO business is expected to be the primary driver of this growth and most notably their massive contract with Firmion to supply the active ingredients for Darlutamide which is a prostrate cancer drug. This is a multi-year contract. So there is revenue visibility but as we saw with another player BlueJet healthcare the CDMO space can be very lumpy and it’s very important to monitor what’s happening with these contracts. For example, in the case of BlueJet, the company was supplying intermediates for bmpido asset when their client Esperion completely out of the blue uh no pun intended. Well, they initiated a massive inventory detocking exercise and shifted some of its manufacturing to another player. This shift choked off outsourcing opportunities. The order volumes for BlueJet were hit hard and they have endured a tough two three quarters now. In fact, their client Esperion, this company is being acquired by an investment firm who’s taking them private, which adds another layer of uncertainty to Bluejet. Even with Aquitas, do watch out for things like this. But on their part, the company has scaled up its infrastructure, specifically their Unlatia plant, and has committed to invest over a,000 crores across different verticals. I’m not getting into valuations here or any other details. Most of these stocks will have a high earnings multiple. But please always have that mental check that the multiple here is for the trailing 12 months and not the future 12 months. But just to close loop this and when you do your own evaluation instead of just looking at revenue growth in isolation also examine where this growth is coming from like in this case it’s from CDMO contracts. Is the revenue growth sustainable? what’s the risk here which as we saw with bluejet is the lumpiness of contracts and also what is it likely to do to the operating margin of the business for instance in the case of acquitas the eitta margin the OPM jumped from between 17 and 20% to over 35% now and I suspect a good part has to do with the growth in their CDMO business so these are the kind of questions I would want all of us to ask ourselves when evaluating these companies Uh okay, this went longer than what I expected. So let’s move on to the next high growth company which is Aeroflex Industries. It’s one of those companies which has done extremely well from a stock price perspective. In the last 4 months it’s up some 150%, actually more than that and in some parts it might be due to this revenue guidance of 35% which the company’s chairman and MD Mr. Dodd is confident of achieving for many more quarters. As a business, Aeroflex is into the manufacturing and supply of metallic flexible flow solutions made with stainless steel and almost 70% of its business is exports. The most promising part of their latest earnings call is this one. Their successful entry into SKID assemblies and advanced flow controls for high performance liquid cooling applications which are used specifically in data center and AI infrastructure. I’m sure you know this but very quickly AI programs and therefore computers and the chips inside those computers they really heat up and using traditional solutions like air conditioners and fans is not really an option. Instead, the tech industry is switching to liquid cooling, which involves pumping specialized cold liquids directly through the server racks to absorb the heat, much like how a radiator cools a car’s engine. Understandably, this is incredibly risky. And even a single leak or pressure failure can destroy an entire data center. And that’s where Aeroflex comes in. They manufacture skid assemblies which are those heavyduty metal frames that are pre-built with industrial pumps and heat exchangers. In the last 4 months, the company has sold some 600 of these which shows market acceptance of their offerings as it continues ramping up the capacity targeting 15,000 units perom over the next two quarters. kids is just one part of what they do but the fact that they are a part of the data center infrastructure surge that has really helped them with regards to its stock price and purely from a revenue growth perspective the company is guiding for a 35% growth okay number three we’re still on the alphabet A and next up is Atlanta electricals Limited it’s a leading manufacturer of power transformers by the way if you aren’t aware of this please note not Every transformer is the same. In fact, there are different kinds of transformers which cater to different applications, have a different margin profile and Atlanta kind of specializes in power transformers. The last two quarters have been exceptionally good for the company with revenue growth of around 80% and a steep rise in margins. Of course, everything starts with an order which is mostly from state utilities like Getco and Power Grid or it can also be from Pat Tata, Adani or any EPC company. And as of March 2026, Atlanta has a little under 2500 Kores of unexecuted order book with an improving mix towards 220 KV and EHV plus transformers. The management expects to execute 80 up to 85% of this order book is to be executed in FY27 and is keeping its 40% revenue kagger over 3 years. That is until FY28 unchanged. In addition to the order book, a large part of this confidence comes from the company’s movement towards higher MVA, EHV units, 400 KV and 765, where the competition is much lower and the margins a lot higher. All right, let’s move on to a different alphabet now. C uh as in C for Cupid. As the name might suggest, Cupid Limited is a manufacturer of sexual wellness and reproductive health products. This includes male and female condoms, water-based lubricants, IBD kits, making it a major supplier of public health programs both domestic and international. The company has also entered the FMCG space introducing personal care products like deodorants, perfumes, body oils, etc. expanding its retail footprint. Let’s focus on the numbers now. And the last few quarters for Cupid have been absolutely phenomenal with the company registering 100% 100% plus yearon-year growth in Q2, Q3 and Q4 of FY26. Incredibly, the 36 cr pat clocked in Q4 of FY26 is almost equal to the revenue this company generated just 9 quarters back which also explains why the stock price has done so well. But the past is the past. We’re more interested in the future at least from a guidance perspective for the year to come. And a clue to this comes from this slide here. Let me read that line I have highlighted in yellow. So Mr. Halvasia is saying we are confident of sustaining this growth trajectory and achieving our FY27 revenue target of 600 crores at margins of over 30%. Okay. And what did the company achieve in FY26? It was 358 crores which gives us a projected revenue growth of 68%. I’ll leave the calculation and the imagination part to you. But one thing you might want to factor in is the fact that Mr. Halvasia the promoter well he’s been accumulating shares in cupid some 19 lakh additional shares in Feb and March of this year which would have costed him around 15 crores so he’s done that and that’s another thing for you to consider but honestly I think this company is very expensive okay uh let’s do high growth company number five and this one’s Deep Industries since this has already been covered in my newsletter Let me not explain the business model and the different variables around it. By the way, I’ve not published anything in that newsletter for over a year. I’ll definitely do something around it, but at a time and in a format of my pleasing. So, please be a bit more patient of this. Now the thing with deep industries is that it generally does well. A topline growth of 25% in FY24, 35 in FY25 and an exceptional 55% in FY26. For FY27 and 28 for the next 2 years, the management is projecting a 25 to 30% rise in revenues, which believe me sounds incredible for a company operating at a price earning multiple of just eight. as investors or shareholders. I believe your focus when studying the revenue numbers should be built around these four variables. Firstly, the asset base that is how many of the company’s rigs, compressors or dehydration units are ready to be rented out. Then the utilization rate as in the percentage of time the asset is actively deployed at a site which typically is 3 to 5 years. Then the specific rate at which the contract is locked in. And finally the point which many miss out on that is the mobilization period that is the time it takes to source upgrade transport and set up the equipment at the client site which can take anywhere from 4 to 9 months. So if you’re studying this company focus on these four variables and I’m sure the rest of it will be a lot easier. Let’s move on to number six. Genus Power Infrastructures Limited. This company specializes in the end-to-end design, manufacturing and management of smart meters. These meters are made for measuring electricity, gas, and water. And more than the box, it’s the management of it. So things like the software, communication network, grid, automation, data management, etc. That’s what presents Genus with a strong and competitive mode. In terms of revenue, these guys have been unstoppable for at least two years now with ironon growth of at least 50% since March of 2024. The company has almost doubled its revenues in FY26 from 2400 crores in FY25 to an exit of 4,700. So that’s a 94% increase. And for FY27 the management is guiding for 6,000 to 6,500 Kores in revenue which translates to anywhere from 26 to 37% in terms of yearon-year growth. So that’s a lot lower than what it was earlier and it’s probably why the earnings multiple has also normalized from 80 90 at one stage. It then came to 40 and is now in the mid teens. The order book is an important indicator of revenue growth at over 25,000 crores. Genus power enjoys many years of revenue visibility. But what’s probably a more immediate concern is the dip in margins with Q4 closing at 17.4%. The reason as you might have guessed is the higher cost of raw materials especially the ones that are imported and that’s because genus does fixed price contracts as in there’s no pass through mechanism and with the war in the Middle East the high petroleum prices and raw material inflation the management themselves are guiding for only 18% for this financial year. So I hope this gives you a picture of what to expect and what to look for when evaluating genus power. Let’s move on to the next one. Gravitar India Limited. I have a dedicated video on this on my channel. So do watch it for specific details. But in terms of financials, Gravitar did what it always does and managed to double its revenue yet again in a 4ear span. Actually, it did not exactly double and FY26 has to be blamed for that which was a slightly tougher year for the company. But for the next 3 years, Gravita India does look confident of clocking a growth rate of 20 to 25% in terms of volumes. 20 to 25% in terms of volumes generally means a slightly higher number in terms of revenue. Although there’s no guarantee of it, the price of lead, plastic, rubber, metals, they tend to jump and dip in a world of their own. But just to quantify it, firstly, Gravita is continually expanding capacity. 4.6 6 lakh to 8 lakh metric tons perom comes to an yearly increase of 21% and secondly much of gravitar’s narrative has now shifted to a copperled expansion which is being backed by a number of initiatives first among them is the recent acquisition of rashria metal industries which is into copper and copper alloy manufacturing with an installed production capacity of 31,000 tons then the company also has plans of setting up a 30,000 metric t copper recycling facility in Manmi Gujarat which should be operational in the next 12 months. So that’s 30 + 30. So by the end of this financial year we’ll already be at 60,000 metric tons of copper which means Gravitar’s overall ambition of having 100,000 plus in copper capacity by FY29 is definitely on. Another related point is on the operating profits it generates. So where lead is expected to generate an EITA of 20,000 rupees a ton, aluminium around 14,000, plastic is say 10,000, rubber again 8,000 maybe. And then there’s copper that is expected to generate 60 to 65,000 rupees of EITA per ton which completely turns around any kind of financial performer you might have made on Gravitar India previously. Okay, with this let’s move on to company number eight. This one’s Krishana Foskechm Limited. It’s an agrochemical play, not a sector I particularly like because of multiple reasons actually. Uh the fact that these companies are heavily reliant on raw materials like crude oil, natural gas, etc. and any increase in RM prices cannot be immediately passed on to the farmer who’s very price sensitive. Then there’s intense competition especially from China often leading to poor realizations and low margins. And thirdly, with the weather getting increasingly unpredictable, one often sees wide fluctuations in quarterly earnings. Anyways, that’s just me. Uh let that not be Krishana Fosskim’s problem, which is a large producer of soil nutrients like SSP, DAP, NPK, etc. and had a phenomenal FY26 with a 78% growth in revenue and a PAT growth of 107%. For FY27, the company is targeting a growth of 35 to 40% in terms of revenue, although the team did acknowledge that the margins this year might not be as high as it was in FY26. I think I’ll leave it at this 35 to 40% in terms of revenue. But please do examine other variables like the price of raw materials, subsidy cycles, the intensity of monsoons, capacity, margins, etc., etc. Okay. Slide number nine is quality farmer which is almost entirely a B2B play. The company manufactures medicines. It registers them internationally and then supplies it to partners across 70 plus countries. A very steady ship as you can see here from these numbers here. And in terms of the future, quality farmer is confident of achieving 650 crores in FY27. So a 29% growth with an ambitious target of 1,000 crores to be done by FY29. In fact, somewhere in their latest earnings call, Mr. Aurora pointed out that he’s being a dash conservative that 650 crores is a very very achievable number and if things go their way they can even hit the 700 cr as to what’s enabling this performance are the following factors. Firstly the company is targeting regulated markets now such as Europe with seven maybe eight registrations expected before the end of this year. Then there’s the planned capex some 260 270 crores across four projects until FY28. In terms of BE bio equivalence, the company has done three studies and aims to complete 36 more in this financial year. And when it comes to products, the management would continue to invest in future growth through biologics and large scale programs covering over 40 molecules. So the company has a strategy in place. I request you to read more on this and if you find it interesting then I’ll suggest you read about another company Kaplan Point Labs which does similar stuff and has created a lot of wealth for its shareholders over the years. Number 10 now and we have another recycler in this list Namo E-Waste Management Limited. Do note this company is not on the main board. It’s still listed on the theme exchange so disclosures and regulatory oversight might be a little flim flat. However, and per a recent con call, the management there is targeting a revenue of 400 crores for FY27, which is a solid 110% more than the 190 Kores it generated in the last financial year. In fact, the earnings call also presented a view on what might happen beyond FY27. The company aims to continue its aggressive growth trajectory targeting a top line of 800 to 900 crores within the next two years before it targets going into the mainboard. As far as the business goes, it’s a bit different from Gravita India, the company we discussed earlier. So while Gravita is into lead primarily and is now aggressively moving towards copper, this company Namo E-Waste Management Limited is into electronic waste as in it safely breaks down old, broken or unwanted electronics like computers, servers, smartphones. It then pulls out the valuable metals like copper, silver and gold using environmental friendly zerowaste methods. A very interesting business. Do read more. And because it’s anme do pay a lot more attention and keep your risk management rules in play. Okay, let’s talk about Rosel Texas now which is a fast growing player in the aerospace and defense sector. The company specializes in designing and building the intricate electrical nervous systems of aircrafts and defense systems and is coming off a solid FI26 which saw its revenue surge by 87% to 485 crores while the net profits grew at a spectacular 177% so double of revenue growth. The management is targeting a similar kind of growth in FY27. So 80 90 odd percent. And here are some reasons why they are confident of getting there. The first indicator is often the order book which as of March 2026 stands at 715 crores. These are confirmed orders which is further complemented by 3,000 crores worth of strategic agreements offering a clear outlook for the next 3 years at least. Secondly, the company has submitted bids totaling to around 4,500 crores across sectors. So, aerospace, defense, space and semiconductors. And in a major win, it was awarded a landmark multi-year space contract valued at approximately 400 crores. Then in terms of capacity, Rosal, Texas has leased over 200,000 square ft of space, which is where all its space and semiconductor programs are to be migrated to as the company looks to branch out into areas beyond defense covering commercial aviation, semiconductor support, space tech, and India’s booming maintenance, repair, and overhaul sector. It should come as no surprise that this company Rosel Texas is and has almost always been available at a price earning multiple of 100 and beyond. So do keep this in mind when evaluating this one. The next company in our list is something I’ve discussed before. I think this was in the newsletter. It’s Sky Gold and Diamond Limited, which is a fast growing B2B player that specializes in the design and mass production of 22 karat gold jewelry. So rather than running its own retail storefronts, Sky Gold employs highly skilled and talented craftsmen to make custom jewelry and supplies it to some of India’s largest organized retail brands. Thanks to the formalization of India’s jewelry sector and a few acquisitions along the way, Sky Gold continues to deliver on the revenue front closing out FY26 at over 6,000 crores in revenue at a growth rate of 77%. Presently the company has also grown its margins and between these two variables firstly on the revenue front Skyold is projecting 8,100 crores in FY27 which comes to a growth of only 28.6%. I use only here because this is a company that has delivered at least 50% growth for many years now. And secondly, on the margin front, Sky Gold expects to be in the 7 to 7.5% range, which is somewhere around what they managed in the previous year. So the narrative here is that the company has grown so much over the years. The base has become so big that generating a 40 50 70% yearly growth is very difficult. Even 28.6% is pretty commendable. But Sky Gold does have this habit of projecting into the far future. And for FI30 it estimates a revenue of 18,000 to 19,000 crores giving us a cagger of 30% on its FY26 base. Although I’m a shareholder I personally think this would be a bit challenging but who knows anything can happen. Um okay let’s move on to number 13. Solar Industries Limited. This company has nothing to do with solar and is in fact one of the largest manufacturers of industrial explosives, munition, the Paka ammunition system, etc. Solar Industries is coming off a spectacular Q4, its highest ever quarterly sales of 3,000 plus crores with a 41% growth in year-on-year revenue while the net profits grew by a solid 61%. The important thing to know here is that the company its revenue model is undergoing a massive and highly profitable structural shift towards high value defense contracts and international exports. Proof of this is what happened in FY26 when solar industries defense revenue practically doubled surging to over 2600 crores with the CEO Mr. Nual expecting a further 70% growth in this financial year. In fact, on an overall basis, the company expects to grow its revenue to 14,000 crores in FY27. This computes to a growth rate of 42%. And to sustain this momentum, a capex of over 2,000 crores is planned for FY27, which is on top of the 1,700 crores that was invested last year. Secondly, solar industries is sitting on a massive order book of over 21,000 crores of which the bulk that is 18,000 crores is defense related with the biggest order coming from Paka. And then there’s international growth where the company is mainly focusing on the African subcontinent using South Africa as the hub with operations in Zambia, Tanzania, Zimbabwe, Nigeria, Ghana and Seralon. outside of Africa. Solar Industries is present in Turkey, Kazakhstan, Thailand, Indonesia, and is about to start Australia very soon. So, I hope this gives you an idea of where the company stands. Uh, Solar Industries Limited has always been a pricey stock. But with numbers like this, that’s the least one can expect. The last two companies are both in the electrification game. Let’s start with Tar Transformers and Rectifiers India Limited. As the name suggests, it’s very much into the manufacturing of transformers. While Tarl positions FY26 as a record-breaking year in terms of revenue and profitability, what the topline hides is the fact that there has been margin compression from 19.4% in the last quarter of FY25 to just 15.1% in the previous quarter. Carol also missed out on its FY26 orderbook target of 8,000 crores. The unexecuted order book as of March 2026 stands at a little over 5,000 crores. To this, the explanation offered is that the company is being very selective now and wishes to work on projects that offer better margins and profitability. A third issue again internal is a delay in some of the projects. These were capacity expansion related and there’s already a gap of 6 to9 months. And lastly, the company’s CEO MKul Shivastava, he resigned within 6 months in January of this year, which did raise concerns amongst brokerages regarding the execution outlook and strategic direction. I’m saying all this because it’s important to understand where things are coming from before seeing where it is proceeding. And as far as FY27 goes, when it was first posed to the management, Mr. Mahul Sha explicitly said 3,250 Kores although I must say the way he said it it did not seem like this has been internally agreed. Anyways 3250 divided by FY26 sales number of 2500 comes to 29.5%. But when this question was again posed to him his answer was slightly different when he said it would be roughly around 35 to 40%. Not a very comforting sign had I been the shareholder or a prospective investor. But irrespective of whether it’s 29% or 35 or even 40% do watch out for some of the variables we discussed especially the order book the capacity or rather the addition of it the cost of raw material and therefore the margins execution timelines the product mix the receivable situation etc. All right so finally we’re on the last one. Yash High Voltage Limited, another company which is part of the electrification theme. While it sounds close to what an Atlanta Electricals or a Tarrell does, it’s not exactly that. Yash High Voltage manufactures condenser graded high voltage transformer bushings. Something like this. I’m sure you’ve seen it many times before. And what these bushings do is that they allow massive amounts of electricity to safely pass in and out of transformers without causing a serious short circuit. As you saw in the image, every transformer requires multiple bushings. So essentially the growth in transformer capacity directly translates to the demand for bushings. In terms of performance, the company continues to impress having grown its revenue and profits by almost four times in the last four years. And for FY27, the management is targeting between 360 and 400 crores of topline that computes to a growth rate of between 50 and 70%. In the same call, Mr. Sha, the chairman, he expressed confidence and belief that the company should grow at 40 42% for another 4 to 5 years. This confidence is of course a function of the things Yash High voltage is doing in the background which includes expanding capacity from the current 10,000 bushings to about 16,000 when their Greenfield project in Gerro goes live around October of this year. Then among its major recent milestones is the launch of a US-based subsidy to capture North American demand. Its successful acquisition of Sukrruth Electric broadens its component portfolio. An order book of 400 plus Kores as of March 2026 with a target to cross 500 crores in this financial year. And finally, a growing clientele of domestic and international customers which augers well for the growth of the company. Bash high voltage is a rather small company a market cap of less than 2,000 crores and with competition intensity only increasing in the electrification space and not just Indian companies but even globally monitoring where this company stands every quarter is I would say an essential requirement with this I come to the end of this rather long video it took me a lot of time to compile this read through the transcripts uh you might have noticed I hadn’t posted ed any videos for the last 12 13 days. This video is partly to be blamed for that and also a small medical emergency at home. Anyways, to summarize, we covered 15 companies in this video across different sectors with growth rates ranging from 25% to 110%. You might want to take a screenshot of both these slides. In addition to these revenue estimates, I’ve also given some commentary on how one should look at revenue and the different factors that may or may not inspire confidence from our perspective, from an investor’s perspective when viewing these numbers. I must say many of these companies will seem expensive at least from a price earning ratio perspective. But remember firstly the P ratio is historical as in we are looking at the current market cap and measuring it against the previous 12 months profit then this video would have been very less useful and secondly that’s the nature of high growth companies they will be expensive in the moment but over time I’ve seen most of them normalize a good example is Dixon Technologies always 150 200 in terms of multiples but the last 7 8 months it has normalized and is now available at less than 50 times of its previous 12-month EPS. So you do one of these three things then that is a pick some of these high growth companies and ride the wave for the next few months or maybe a year or two or you can pick them when something goes horribly wrong like a bad quarter some exceptional event etc. And the third option is to pick them young. That is when they aren’t really high growth, but they are at the precipice of a breakout. All right, so that’s really what I had for today. I hope you liked it and if you liked it, do share it with others over WhatsApp, Facebook, etc. As always, thank you for your time. Have a great weekend and I’ll see you very soon.