1. Opening Hook
If you missed the Aimtron H1FY26 concall, don’t worry—management repeated “2.0” enough times to make Windows updates jealous. While most companies brag about single-digit growth like it’s Nobel-worthy, Aimtron casually dropped112% revenue growth, as if they accidentally printed extra zeroes on the PPT.
And just when you thought they’d stop, they started teasing defence, aerospace, ODM, AI, IoT, EV, drones—basically everything except launching a satellite. Stick around, because the juicy parts show up later when investors start grilling them. This getsveryinteresting.
2. At a Glance
- Revenue up 112%– CFO insists it’s real, not a typo or diwali “accounting optimism.”
- EBITDA up sharply– The sidekick finally bulked up and wants credit.
- PAT up 81%– Profits didn’t sprint, but they jogged respectably.
- Order book: ₹463.5 Cr– 3x FY25 revenue. Traders heard this and forgot what valuation means.
- Exports ~35-40%– Geopolitical chaos? Apparently Aimtron didn’t get the memo.
- Company remains debt-free– CFO sleeping peacefully; bankers crying quietly.
3. Management’s Key Commentary
Quote:“Aimtron 2.0 is about connecting design, data and manufacturing into one ecosystem.”(Translation: We’re upgrading ourselves before AI upgrades us.)
Quote:“Revenue is up 112% with record-breaking EBITDA and PAT.”(Translation: Yes, we’re as surprised as you—but please clap.)
Quote:“Order book stands at ₹4,635 million, nearly 3x FY25 revenue.”(Translation: Stop asking about next year’s guidance—we basically told you already.) 😏
Quote:“We secured a ₹97.5 Cr ODM contract from a US infrastructure giant.”(Translation: We’re officially playing in the big boys’ league.)
Quote:“Defence qualification cycles are long and lumpy—we prefer profitability over optics.”(Translation: We’re not here to do nationalism-for-investors stunts.)
Quote:“Six SMT lines coming in a new 3-acre greenfield plant.”(Translation: Factory upgrade mode: ON.)
Quote:“We may explore M&A opportunities globally.”(Translation: We want to shop, but we’re checking price tags first.)
Quote:“AS9100D certification opens the door to Airbus programmes.”*(Translation: We’re aiming for the skies—literally.) 🚀
4. Numbers Decoded
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Metric | H1 FY26 | Commentary
----------------------------------------------------------------------
Revenue | ↑112% YoY | Growth on steroids
EBITDA | Strong expansion | ODM + box build magic
PAT | ↑81% YoY | Margin stable-ish
Order Book | ₹463.5 Cr | 3x FY25 revenue
Exports | ~35-40% | Balancing tariffs gracefully
Domestic Revenue Share | ~60-65% | India still the mothership
Box Build Contribution | 35% (H1) | To hit 50%+ in H2
Current Capacity | ₹450–500 Cr | Running hot
Full Potential Capacity | ₹1000 Cr | New plant adds the boost
----------------------------------------------------------------------Box build is becoming the new revenue hero, while PCB assembly plays supporting actor.
5. Analyst Questions
Analyst:“Can we sustain 25% EBITDA?”Mgmt:“20%+ for sure. 25%? That’s bonus season material.”(Translation: Calm down, but yes, we’re trying.)
Analyst:“Why PAT margins dropped?”Mgmt:“Box build expansion + scale.”(Translation: More components, more cost, more revenue—chill.)
Analyst:“What’s the PSU defence order size?”Mgmt:“High value, low volume. One module costs ₹32 lakh.”(Translation: Defence margins = yummy.)
Analyst:“M&A?”Mgmt:“We’re visiting factories and checking vibes.”(Translation: Tinder for businesses.) 😏
Analyst:“Why raise equity if you hate dilution?”Mgmt:“Because setting factories takes time and we need ammo for M&A.”(Translation: Equity is bad… until it’s useful.)
6. Guidance & Outlook
Management didn’t give exact numbers but handed enough hints:
- Revenue growth:40–50% CAGR
