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Employees: 572
Size Kanohar Electricals (KANOHAR.NS) is an India Industrials company (Electrical Products) with a market value of $835M, the 652nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹992.35 on 6 Nov 2026.
Growth Revenue grew 45.1% over the last twelve months (peer median +13.2%); the operating margin is 27.4% (peer median 6.8%).
Valuation It trades at 11.4× enterprise value to sales against a peer median of 2.2× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 34.2 points above its cost of capital (10.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹6.54B | ₹4.51B | ₹2.77B | ₹3.04B |
| Revenue growth | — | +45% | +63% | -9% | — |
| Gross profit | n/a | ₹2.02B | ₹1.13B | ₹490M | ₹453M |
| EBITDA | n/a | ₹1.82B | ₹943M | ₹321M | ₹291M |
| Net income | n/a | ₹1.30B | ₹652M | ₹178M | ₹168M |
| Free cash flow | n/a | ₹84.0M | ₹677M | -₹210M | -₹269M |
| Capital expenditure | n/a | ₹148M | ₹99.9M | ₹19.6M | ₹27.6M |
| Total debt | ₹281M | ₹390M | ₹326M | ₹427M | ₹246M |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KANOHAR.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.1% | -13.2% | 8th highest of 21 |
| Distance from 52-week high | -17.8% | -51.0% | highest of 21 |
| Revenue growth (TTM) | +45.1% | +13.2% | 4th highest of 21 |
| Operating margin | 27.4% | 6.8% | highest of 21 |
| EV / Sales | 11.4× | 2.2× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 21.3% | 6.1% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +29.1% | +14.3% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | -7.8 pp | -6.0 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +34.2 pp | +1.1 pp | 3rd highest of 20 |
| EV / EBITDA | 40.8× | 18.2× | most expensive of 7 |
| Net debt / EBITDA | -2.4× | 0.0× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kanohar Electricals KANOHAR.NS | India | $835M | n/a | +45% | 27% | 11.4× | 21.3% | +29.1% |
| Daejoo Electronic Materials 078600.KS | South Korea | $835M | -53% | +42% | 8% | 4.2× | n/a | n/a |
| Guangzhou Baiyun Electric Equipment 603861.SS | China | $831M | -35% | +6% | 4% | 1.7× | n/a | n/a |
| KBC 688598.SS | China | $842M | +9% | +47% | -114% | 5.2× | n/a | n/a |
| Shijiazhuang Kelin Electric 603050.SS | China | $844M | -36% | -11% | 2% | 1.7× | 23.2% | +20.2% |
| LS Eco Energy 229640.KS | South Korea | $848M | -56% | +31% | 7% | 0.9× | 5.4% | +10.6% |
| Jiangsu New Vision Automotive Electronics 2632.HK | Hong Kong | $820M | -50% | +15% | -5% | 8.1× | n/a | n/a |
| Tellhow Sci-Tech 600590.SS | China | $852M | -56% | -11% | 5% | 2.7× | n/a | n/a |
| Longwell 6290.TWO | Taiwan | $854M | -43% | +13% | 15% | 2.6× | 13.7% | +9.0% |
| Esab India ESABINDIA.NS | India | $816M | -29% | +13% | 17% | 4.7× | 18.3% | +17.2% |
| Taiwan Puritic 6826.TWO | Taiwan | $807M | -43% | +14% | 16% | 1.0× | -14.4% | +23.9% |
| Zhejiang Grandwall Electric Science & Technology 603897.SS | China | $803M | -50% | +15% | 3% | 0.6× | n/a | n/a |
| Jinlei Technology 300443.SZ | China | $876M | -40% | -14% | 13% | 2.1× | 5.6% | +11.1% |
| Xinya Electronic 605277.SS | China | $794M | -28% | +12% | 7% | 1.5× | 7.9% | +31.5% |
| Honbridge 8137.HK | Hong Kong | $792M | 0% | +295% | -12% | 20.9× | n/a | n/a |
| Hangzhou Weiguang Electronic 002801.SZ | China | $884M | -21% | +11% | 17% | 3.0× | 6.6% | +13.1% |
| Dalian Insulator 002606.SZ | China | $788M | -17% | +36% | 22% | 2.4× | -4.8% | +15.5% |
| Beijing Jingwei Hirain Technologies 688326.SS | China | $896M | -40% | +2% | -5% | 1.1× | n/a | n/a |
| Shanghai Zhongchen Electronic Technology 603275.SS | China | $778M | -26% | +21% | 14% | 3.7× | n/a | n/a |
| Precision Wires India PRECWIRE.NS | India | $776M | -1% | +46% | 5% | 1.2× | n/a | n/a |
| R&S Group Holding AG Pref RSGN.SW | Switzerland | $899M | -22% | +2% | 18% | 2.1× | -7.0% | +2.3% |