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Rajeev Desai / ARTICLE

I talked about Vilas Transcore Ltd below at 352. It is still there ... But I just visited AI Concall summary and am delighted to know they have expanded capacity by 3x and also started new products. --Go through the AI Summary at Screener...read it...Want to buy or not....read it... Apart from that what catch my eye was in point 2. and part C, they say , C) HV Bushings – new entity (noteworthy strategic move) Announced incorporation of a new entity to manufacture HV bushings 12 kV to 400 kV . Vilas Transcore will hold 25% initially; rationale: It is “ strategically… a R&D project ” and management did not want early-stage R&D losses to “ impact on the balance sheet for the 1 or 2-year .” Separate entity also enables potential JV/technology transfer : “ we are discussing with two or three companies for the joint venture or technology transfer .” Near-term plan/capex: OIP bushing up to 145 kV targeted first. Capex ~INR10 crores in FY27 for R&D/test labs; using a “ readymade building ” on rent. RIP/RIS : parallel trials; RIP dependent on collaboration due to “ heavy investment .” Now this Bushing is a high margin product and I think Yash HighVoltage Ltd is the only other listed and hence fetch high P/E of 74!! Do your DD and take your call!!

Published Sep 01, 2026Updated Sep 01, 20263 min read
I talked about Vilas Transcore Ltd below at 352. It is still there ... But I just visited AI Concall summary and am delighted to know they have expanded capacity by 3x and also started new products. --Go through the AI Summary at Screener...read it...Want to buy or not....read it... Apart from that what catch my eye was in point 2. and part C, they say , C) HV Bushings – new entity (noteworthy strategic move) Announced incorporation of a new entity to manufacture HV bushings 12 kV to 400 kV . Vilas Transcore will hold 25% initially; rationale: It is “ strategically… a R&D project ” and management did not want early-stage R&D losses to “ impact on the balance sheet for the 1 or 2-year .” Separate entity also enables potential JV/technology transfer : “ we are discussing with two or three companies for the joint venture or technology transfer .” Near-term plan/capex: OIP bushing up to 145 kV targeted first. Capex ~INR10 crores in FY27 for R&D/test labs; using a “ readymade building ” on rent. RIP/RIS : parallel trials; RIP dependent on collaboration due to “ heavy investment .” Now this Bushing is a high margin product and I think Yash HighVoltage Ltd is the only other listed and hence fetch high P/E of 74!! Do your DD and take your call!!