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!!