Akanksha Power and Infrastructure Limited (AKANKSHA)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Akanksha Power's revenue was ₹46.0 Cr (-12.3% year on year, +13.4% on the previous half-year), and net profit ₹3.3 Cr (+18.1% year on year); the operating margin was 13.6%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹46.0 | -12.3% | +13.4% |
| Operating profit | ₹6.2 | +14.9% | +26.4% |
| Net profit | ₹3.3 | +18.1% | +40.2% |
| EPS (₹) | 1.70 | +18.1% | +40.5% |
| Operating margin | 13.6% | — | — |
AKANKSHA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 93.55% of the AKANKSHA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 85.44%. That is close to its usual level. Turnover was only ₹55 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal. It closed at its lower price band (circuit) on 16 Oct, one of 13 band closes in about the last 20 sessions.
Delivery in the last 5 sessions: 100.0% · 98.9% · 97.8% · 100.0% · 93.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Akanksha Power and Infrastructure Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited confirms the dematerialisation and listing of received securities. This is a standard procedural compliance filing with no impact on corporate earnings or ongoing operations.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited dated October 03, 2026
- Filing submitted to the National Stock Exchange of India Limited on October 15, 2026
Akanksha Power and Infrastructure Limited announced its 18th Annual General Meeting to be held via Video Conferencing on September 30, 2026. The company released its FY25-26 Annual Report, citing FY26 revenue from operations of ₹91.62 crore. Key operational milestones highlighted include the acquisition and commercialization of a Medium Voltage All-Polypropylene (APP) capacitor plant from TDK India on February 11, 2026. The cut-off date for e-voting entitlement is fixed as September 23, 2026.
- 18th Annual General Meeting scheduled for September 30, 2026, at 11:00 AM IST via VC/OAVM
- Recorded FY 2025–26 revenue from operations of ₹91.62 crore
- Commercialized acquired TDK India Medium Voltage APP capacitor facility on February 11, 2026
- Cut-off date for e-voting set as September 23, 2026; remote e-voting runs from September 27 to September 29, 2026
Akanksha Power and Infrastructure Limited has issued a formal notice convening its 18th Annual General Meeting on September 30, 2026, at 11:00 AM IST via video conferencing. The primary agenda includes the consideration and adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Additionally, shareholders will vote on the re-appointment of Director Mr. Gunasekaran Suresh Kumar, who retires by rotation. This filing is entirely procedural and contains no new financial results or operational updates beyond standard compliance requirements.
- 18th Annual General Meeting scheduled for September 30, 2026, at 11:00 a.m. IST
- Meeting to be conducted entirely via Video Conferencing / Other Audio-Visual Means
- Adoption of audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 on agenda
- Proposal for the re-appointment of retiring Director Mr. Gunasekaran Suresh Kumar (DIN: 10427397)
Akanksha Power and Infrastructure Limited submitted a response on August 19, 2026, to an NSE broadcast dated August 17, 2026, regarding significant price movement in its equity shares. The company confirmed that it is in full compliance with Regulation 30 of SEBI LODR Regulations and has not withheld any material information or price-sensitive events. Management noted that the recent share price movement appears to be purely market-driven and beyond the company's control.
- Responded to NSE broadcast query dated 17.08.2026 (16:38:24) regarding recent price movement
- Confirmed full compliance with disclosure obligations under Regulation 30 of SEBI LODR Regulations, 2015
- Stated that no material information or price-sensitive events have been withheld from the exchange
- Clarified that recent share price movements are purely market-driven
Akanksha Power and Infrastructure Limited has allotted 335,000 equity shares following the conversion of warrants issued in September 2024. The company received Rs 3.62 crore, representing the remaining 75% exercise price of Rs 108 per warrant (total issue price Rs 144). Promoters Bipin Bihari Dasmohapatra and Chaitali Bipin Dasmohapatra accounted for 250,000 of the allotted shares, demonstrating continued promoter commitment. This conversion increases the total paid-up equity capital by approximately 1.7%.
- Allotment of 335,000 equity shares of face value Rs 10 at a premium of Rs 134 per share
- Total cash inflow of Rs 3,61,80,000 representing the final 75% payment for the warrants
- Promoters subscribed to 250,000 shares, while three non-promoters took the remaining 85,000 shares
- Total paid-up equity capital increased from 19,580,520 to 19,915,520 shares
- The conversion price of Rs 144 per share was fixed during the initial warrant issuance in September 2024
Akanksha Power and Infrastructure Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended June 30, 2026. The report confirms that the company's total issued and listed capital remains consistent at 1,95,80,520 shares with a face value of ₹10 each. Notably, the company has achieved 100% dematerialization, with no shares held in physical form. The distribution across depositories shows 66.88% held in NSDL and 33.12% in CDSL.
- Total issued and listed capital stands at 1,95,80,520 shares as of June 30, 2026
- 100% of the share capital is held in dematerialized form with 0 physical shares
- NSDL holds the majority of demat shares at 1,30,95,000 units (66.88%)
- CDSL holds 64,85,520 shares, representing 33.12% of the total capital
- Zero discrepancy reported between issued, listed, and total dematerialized capital
Financial Performance
Revenue Growth by Segment
The company achieved a consolidated revenue of INR 78.74 Cr in FY25, representing a 40% growth over FY24's revenue of INR 56.53 Cr. Growth is primarily driven by the Power Quality Solution (PQS) and Advanced Metering Infrastructure (AMI) verticals, which saw a 90% increase in booked sales to INR 29.48 Cr in the early part of FY26 compared to the same period in the previous year.
Geographic Revenue Split
While specific regional percentages are not fully itemized, operations are concentrated in India with manufacturing plants in Nashik, Maharashtra, and significant project execution in Orissa, such as the Greenfield Street lighting turnkey project under the OUDF PPP program.
Profitability Margins
Net Profit After Tax (PAT) margin improved from 5.10% in FY24 to 5.60% in FY25. Profit Before Tax (PBT) grew by 47% YoY to INR 6.06 Cr in FY25, up from INR 4.12 Cr, driven by operational efficiencies and better control over administrative expenses as the company scales.
EBITDA Margin
Operating margins are targeted to remain above 12.5% for credit rating upgrades; however, the PAT margin currently stands at 5.60% for FY25, up from 5.10% in FY24, reflecting a 50 basis point improvement in core bottom-line efficiency.
Capital Expenditure
The company raised INR 27.48 Cr through an IPO in January 2024 specifically for funding future capital expenditure and working capital requirements. Additionally, INR 15.29 Cr was raised via preferential equity and INR 1.38 Cr via warrants in January 2025 to support expansion.
Credit Rating & Borrowing
CRISIL has assigned a 'Stable' rating. The company maintains a robust capital structure with a gearing ratio of 0.33 times as of March 31, 2024, and an interest coverage ratio of 3.53 times, indicating low reliance on high-cost external debt following the IPO fund infusion.
Operational Drivers
Raw Materials
Key components include capacitors, vacuum circuit breakers, vacuum contactors, and smart meter components (electric, gas, and water), which constitute the bulk of the manufacturing cost for their PQS and AMI offerings.
Import Sources
Not explicitly disclosed in available documents, though the company maintains a long-standing technology partnership with TDK for design and component integration.
Key Suppliers
TDK is identified as a primary technology and strategic partner, instrumental in design capabilities and institutional knowledge for power quality solutions.
Capacity Expansion
The company operates two manufacturing plants in Nashik, Maharashtra. Expansion is funded by the INR 27.48 Cr IPO proceeds to increase production of smart meters and power quality systems to meet the projected revenue target of INR 140 Cr by FY26.
Raw Material Costs
Raw material costs are managed through strategic vertical integration and a long-term partnership with TDK, which helps maintain design efficiency and cost control despite the 40% increase in production volume in FY25.
Manufacturing Efficiency
The company is transitioning toward 'future-ready' solutions using grid analytics and smart metering to improve the value-add per unit manufactured.
Strategic Growth
Expected Growth Rate
78%
Growth Strategy
The company plans to achieve its INR 140 Cr revenue target for FY26 (a 78% increase from FY25) by focusing on green energy and DISCOM reform initiatives, which already account for 60% of new orders. Strategy includes scaling the AMI (Smart Metering) vertical and expanding into smart gas and water metering infrastructure.
Products & Services
Automatic Power Factor Correction (APFC) panels, tuned and de-tuned harmonic filters, vacuum circuit breakers, capacitors, vacuum contactors, and advanced metering infrastructure (smart electric, gas, and water meters).
Brand Portfolio
AKANKSHA
New Products/Services
Expansion into Smart Gas Metering and Smart Water Metering Infrastructure is expected to diversify revenue streams beyond traditional power quality solutions.
Market Expansion
Targeting national DISCOM reforms and green energy transitions, with a focus on expanding the 'Smart City' project portfolio across India.
Strategic Alliances
Maintains a critical technology partnership with TDK for design and manufacturing of power quality components.
External Factors
Industry Trends
The industry is shifting toward smart grids and digital management. AKANKSHA is positioning itself as a 'future-ready' provider by integrating AMI with grid analytics to capture the growing demand for energy efficiency.
Competitive Landscape
Operates in a competitive, tender-driven market for electrical equipment and smart metering, competing with both domestic and international players.
Competitive Moat
The moat is built on 20+ years of promoter experience and a deep technology tie-up with TDK. This is sustainable due to the high technical entry barriers in power quality management and long-term relationships with utility providers.
Macro Economic Sensitivity
Highly sensitive to government infrastructure spending and DISCOM reform policies, as 60% of new orders are linked to these initiatives.
Consumer Behavior
Shift toward green energy and efficient power consumption is driving utility companies to adopt AKANKSHA's smart metering and harmonic filter solutions.
Geopolitical Risks
Potential trade barriers on electronic components for smart meters could impact the supply chain for the AMI vertical.
Regulatory & Governance
Industry Regulations
Operations are governed by DISCOM reform policies, smart city mandates, and electrical safety/manufacturing standards (ISO 9001:2015).
Environmental Compliance
The company is aligning its infrastructure solutions with ESG (Environmental, Social, and Governance) standards to meet green energy project requirements.
Taxation Policy Impact
Standard Indian corporate tax rates apply; PAT growth of 50.52% in FY25 suggests effective tax management despite scaling operations.
Legal Contingencies
No significant fraud or material legal misstatements were reported in the FY25 audit; however, the company is subject to standard contractual risks inherent in PPP and turnkey projects.
Risk Analysis
Key Uncertainties
The primary risk is the large working capital cycle and high debtor levels (specifically from the OUDF project), which could impact liquidity if realizations are delayed by more than 25%.
Geographic Concentration Risk
Significant project concentration in Orissa (OUDF project) and manufacturing concentration in Nashik, Maharashtra.
Third Party Dependencies
High dependency on TDK for technology and design support for its core power quality products.
Technology Obsolescence Risk
Risk of smart meter technology evolving rapidly; the company mitigates this by investing in grid analytics and 'future-ready' digital management systems.
Credit & Counterparty Risk
Exposure to government-linked entities and DISCOMs, which typically have longer payment cycles, leading to high working capital intensity.
