@23_investments
Which call was this? Are you referring to the agm ?
Around 9-10% Stake with Kacholia after this buying
Anyone have any comments regarding this mismatch in financial-statements, not adding up?
H1 FY26 Concall Highlights below
- Expected Growth guidance increased from earlier 25-30% to 30-40% annually, plans to reach 120-130 crores by FY27. H1 and H2 Revenue split is generally 30:70
- AirBus/Boeing Qualification pending NADCAP certification, may need a year or more
- Current Order book of 120 Crores with 40-50% win rate, current Rev mix is 55% with PSU and around 45% with private customers
- Ebidta to improve between 22-25% in H2 with higher depreciation from new machinery commissioning. Long term ebidta may even improve to 30% in few years
- Entry into Space/Satellite sector - Tooling supply to Skyroot aerospace
- Planned more Flying parts(currently small portion) from FY28 onwards to have better recurring revenue compared to project based revenue currently
- Potential some US business via a consultant (looks like Engine manufacturers being target)
- Sub Assembly higher value orders only after more than a year
- Working Capital Challenges in H1 was due to Larger Order from Godrej with no advance , HAL no payment challenges seen
- Kalborz stake reduction due to longer time taken to complete product compared to competition
11.Gradual move from current Structural components to Titanium/special alloys in future
Disc : Invested
3 Likes
Hello Everyone, I have recently started tracking this company, was curious to know Maharashtra Defence And Aerospace Venture Fund has sold its stake, is it updated recently before/after this price correction started from 29th Oct 2025? Anyone has idea on the reason of this exit, because it was a huge support with such fund having its stake in the company.
Another thing, last investor con call happened on 11th Nov and there was no update on KalbhorZ Electric stake sale delay, and the company updated exchange on 12th Nov, then there is a change in stake sale. I hope nothing is fishy.
The company has totally sold the stake of Kalbhorz Electric to the promoter of Kalbhorz electric . Now the stake stands at 0%
2 Likes
Maharashtra Defense fund stake has majorly been taken by Ashish Kacholia & his company, please check Bulk deal which happened Techera(its all over in news)few months back and don’t rely only on screener data
Even reason for Stake sale in Kalbhorz is in concall script after H1 results, kindly read on same to understand better, they infact got approx 1 crore extra after recent sale news to exchange from earlier plan
17th December Concall analysis
New expected orders and stake sale explained.
Promoter sale:
Anount: ~9cr (image attached)
Reason: personal debt clearance [https://nsearchives.nseindia.com/corporate/TECHERA_19122025174018_TechEra_Investor_Call_Transcript_17-12-2025.pdf]
