Akanksha Power and Infrastructure Ltd. (AKANKSHA)
SME CapPower stocks · SME cap · NSE
Akanksha Power & Infrastructure Ltd. (APIL) is an end-to-end power quality and smart energy solutions provider. It manufactures advanced capacitor technologies, protection and measurement solutions, smart metering systems, and integrated energy analytics platforms, serving utilities and industries.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Excellent · 100/100Rev +38% YoY · PAT +73% YoY · margin expansion · +13% QoQ · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹46 Cr | +37.6% | +13.4% |
| EBITDA | ₹6.3 Cr | +14.9% | +26.5% |
| Operating margin | 13.6% | +322 bps | +141 bps |
| PAT | ₹3.3 Cr | +72.5% | +39.9% |
| PAT margin | 7.2% | +186 bps | +137 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
APIL reported strong FY26 performance with 16.36% revenue growth, 38.40% operating profit growth, and 33.56% net profit growth, driven by improved operating efficiency and initial contributions from a newly commissioned capacitor manufacturing facility.
APIL's FY26 results show robust profitability growth exceeding revenue, indicating improved efficiency. The significant fixed asset expansion and new TDK facility, though contributing minimally this year, are expected to drive future growth and ROCE improvement, supporting the long-term thesis.
New Capacitor Manufacturing Facility
Successful acquisition, commissioning, and commercialization of the Medium Voltage APP Capacitor Manufacturing Facility along with advanced technology from TDK.
Expanded Product Portfolio
Expanded its product portfolio through the introduction of advanced capacitor technologies, protection and measurement solutions, smart metering systems, and integrated energy analytics platforms.
Growing Order Book
Resulted in significant order inflows and a robust order book, providing strong visibility for sustained growth in the years ahead.
Global Customer Additions
Successfully secured business from several reputed global organizations, including GE Vernova, National Electrical Industries Company (NEI), and EPKOM.
TDK Capacitor Manufacturing Facility
World Class Capacitor manufacturing Plant installed, commissioned and commercialized. The plant commenced operations towards the end of the financial year.
Future Capacity Utilization
Expect the plant to achieve higher capacity utilization in FY 2026-27, which is anticipated to drive a meaningful increase in production volumes.
Government Focus on Power Infrastructure
Aligned with the Government's focus on strengthening power infrastructure and evolving global market requirements.
Improved Operating Efficiency
Operating Profit growth of 38.40%, significantly higher than revenue growth, indicating improved operating efficiency.
Strong Customer Relationships
Despite challenges, the Company delivered a strong 16% growth in sales, reflecting resilient demand and strong customer relationships.
TDK Facility Relocation & Commissioning
Industry-wide challenges and supply-side constraints associated with the relocation and commissioning of the TDK Capacitor Manufacturing Facility.
Temporary Capacitor Availability Constraints
The relocation and transfer of the facility led to temporary constraints in capacitor availability, a key input for PQS systems, impacting operations during FY 2025-26.
Capacity Underutilization
A considerable portion of the newly created capacity has not yet contributed fully to current-year sales.
ROCE Dilution from Capex
ROCE moderated from 13.13% in Mar-24 to 11.00% in Mar-26... primarily attributable to the substantial CAPEX incurred for acquisition and commissioning of the TDK Capacitor Manufacturing Line.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The document explicitly provides annual financial results for FY2025-26 compared to FY2024-25, making year-over-year comparison the most relevant for assessing annual performance and strategic milestones.
Sales Growth
Sales increased by 16.36% from X78.74 Cr to X91.62 Cr.
Operating Profit Margin
OPM improved from 10.45% to 12.43% (up by 1.98 percentage points).
Fixed Asset Growth
Fixed Asset Growth during FY 2025-26: 153.94%.
Cash Conversion Cycle
The Cash Conversion Cycle improved significantly from 210.95 days in Mar-25 to 126.94 days in Mar-26, a reduction of approximately 84 days (40%).
Future Benefits of TDK Investment
The full financial benefits of this investment are expected to materialize over the coming years.
Strategic Focus Areas
Focus on: Scaling manufacturing operations, expanding domestic and international market presence, strengthening our technology leadership in power quality and smart energy solutions.
FY27 Outlook
Well positioned to achieve accelerated revenue growth, improved profitability, and enhanced returns on capital employed in FY 2026-27.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Capacity Utilization of TDK Facility | Limited contribution to revenue during FY 2025-26. | Higher capacity utilization in FY 2026-27. |
| Order Book Growth | Robust order book, providing strong visibility for sustained growth. | Continued growth in order inflows and execution of marquee projects. |
| ROCE Improvement | ROCE moderated from 13.13% to 11.00% due to CAPEX. | Improved asset utilization, higher turnover, and a corresponding improvement in ROCE. |
| New Product Commercialization | Trial products are under testing. | Successful launch and revenue contribution from new products like PDU, PDMU, and IoT Gateway. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
79Bullishfull bull SMA stack · SMA20 +30.7% / mo · MACD − · near 52W high
Technical chart
AKANKSHAdaily · 1Y · AUTO+89.2%Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 68.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~23.5% over last month) — short-term momentum positive.
- RSI(14) at 68 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 3% of 52-week high — testing resistance.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 24 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 24 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
OVERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 17/25 to the score.
- Balance sheet contributes 5/15 to the score.
Main drags
- Penalty bucket subtracts 4 points.
- Fair-value margin of safety is negative at -84.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 41st percentile within Power. Main check: cash conversion is weak at 43/100.
Healthy Trust Lite: Promoter holding is 57.5%. Key concern: Promoter holding fell 3.3%.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Power: 41st pctile, median 65 · SME: 45th pctile, median 64
4 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 57.5%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Promoter holding fell 3.3%.
- ▸Only 0 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 46.20
- P/B
- 3.74
- EV/EBITDA
- 24.40
- Market Cap
- 268.00Cr
Profitability
- ROE
- 8.41%
- ROCE
- 11.00%
- ROA
- 4.14%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 25.74%
- EPS 5Y
- 27.24%
- Revenue 3Y
- 26.00%
- EPS 3Y
- 26.00%
Balance Sheet
- Debt/Equity
- 0.60
- Interest Coverage
- 3.13×
- Altman Z
- 3.93
- Book Value
- 36.60
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 10.18 Cr
- EPS TTM
- 2.98
Shareholding
- Promoter Hold
- 57.51%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 96%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
Business-comparable names in Power, ranked by similarity
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.