Ashish Kacholia holds 1.67% stake & Rs 775+ crore order backlog: Heavy electrical equipment company's Subsidiary Secures Rs 17.70 Crore Letter of Intent

Quality Power Electrical Equipment Limited has announced that its wholly-owned subsidiary, Mehru Electrical and Mechanical Engineers Private Limited, has received a Letter of Intent (LoI) for the supply of Instrument Transformers.

As per a regulatory filing with the National Stock Exchange of India and BSE Limited, the total value of the LoI stands at Rs 17.70 crore (approximately USD 2.14 million). The order has been awarded by a domestic entity, though the name of the client has not been disclosed due to a non-disclosure agreement.

The project is expected to be completed within a timeframe of five to eight months. This contract adds to the company’s order book and highlights its ongoing engagements in the electrical equipment sector.

About the Company

Quality Power Electrical Equipments Ltd is a publicly listed Indian multinational specialising in high-voltage power equipment and advanced power quality solutions, with installations in over 100 countries. The company serves utilities and industries globally, focusing on grid stability, operational efficiency and network reliability. Operating from ISO-certified manufacturing facilities, Quality Power produces engineered products up to 765 kV, playing a vital role in the global energy transition through its innovative high-voltage infrastructure.

The company achieved its highest-ever quarterly total revenues of Rs 194.1 crore, marking a significant increase of 143.6 per cent year-over-year and 49.4 per cent quarter-over-quarter. Furthermore, Quality Power reported its highest-ever quarterly EBITDA of Rs 31 crore, demonstrating robust growth of 31.6 per cent year-over-year and an impressive 90.4 per cent quarter-over-quarter. The Profit After Tax (PAT) for Q1 FY26 stood at Rs 37.1 crore, reflecting an 11 per cent increase compared to Q1FY25.

An ace investor, Ashish Kacholia, holds a 1.67 per cent stake, via his investment firm, Bengal Finance and Investment Pvt Ltd. The company has a market cap of Rs 7,800 crore and has orders in hand of over Rs 775 crore. The stock has given multibagger returns of 287 per cent from its 52-week low of Rs 270.60 per share. The shares of the company have a PE of 90x, an ROE of 23 per cent and an ROCE of 28 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.