How Are India’s Manufacturing and Engineering Leaders Performing in FY26?
About India’s Manufacturing Momentum
India’s manufacturing story continues to accelerate on the back of PLI schemes, rising export demand, and cost optimization across plants. Companies are investing in automation, renewable energy integration, and expansion into high-margin global product categories to sustain competitiveness.
Kanpur Plastipack: Global Expansion Drives Growth
The company reported 20% revenue growth and PAT surge of 52x to ₹1,447 lakh for H1 FY26. Its exports to Europe and the Americas remain robust, while acquisitions of Valex Ventures (UK) and a JV with Essegomma S.p.A. (Italy) introduced advanced Taslan yarn technology to India. A ₹105 Cr capex plan supports capacity addition in non-woven fabrics and value-added FIBCs, reinforcing its global diversification strategy.
With cost control and global linkages, Kanpur Plastipack positions itself as a key midcap manufacturing exporter to watch for FY27. For precision market setups, track signals on Nifty Swing Tip | BankNifty Swing Tip.
M&B Engineering Q2 Results
| Metric | Q2 FY26 | YoY |
|---|---|---|
| Revenue | ₹306 Cr | ₹206 Cr |
| EBITDA | ₹34.49 Cr | ₹38.92 Cr |
| Net Profit | ₹22.19 Cr | ₹23.8 Cr |
| EBITDA Margin | 11.24% | 18.84% |
M&B Engineering’s topline improved sharply, though margins were impacted by raw material volatility. The management aims to recover margin levels through better project mix and operational efficiency in H2 FY26.
Deccan Cements Q2 Turnaround
Deccan Cements reported a remarkable turnaround, posting a net profit of ₹9 Cr compared to a ₹4.08 Cr loss last year. Revenue rose 17% YoY to ₹140 Cr, while EBITDA surged to ₹20.14 Cr from ₹2.18 Cr. Margins improved to 14.35%, driven by lower fuel costs and stronger realizations.
Kilburn Engineering: ₹87.87 Cr Order Win
The company secured fresh orders worth ₹87.87 crore across multiple industrial drying and chemical plant equipment segments. Major wins include ₹37.32 crore for the Heavy Water Board, and several others for dryers and chemical process systems. These projects underscore its leadership in industrial thermal solutions and chemical processing infrastructure.
HEG Q2 Operational Update
HEG maintained over 90% capacity utilization in H1 FY26, supported by stable graphite electrode demand. Higher volumes drove topline growth, offsetting mild pricing pressure. Management commentary indicates positive sentiment into FY27 with sustained export traction and cost rationalization.
Tirupati Forge Q2 Results
| Metric | Q2 FY26 | YoY |
|---|---|---|
| Revenue | ₹39.67 Cr | ₹32.27 Cr |
| EBITDA | ₹3.23 Cr | ₹4.83 Cr |
| Margins | 8.14% | 14.96% |
| Net Profit | ₹1.34 Cr | ₹2.64 Cr |
Despite margin compression, Tirupati Forge expanded volumes, supporting steady profitability. The management expects utilization to increase further in Q3 with export demand normalization.
Sectoral Highlights
- ✅ Automation and energy efficiency projects gaining traction.
- ✅ Capex-led growth returning across cement and engineering firms.
- 💡 Export demand revival in Europe aiding FIBC and industrial equipment makers.
- ⚠️ Short-term raw material inflation remains a monitoring factor.
Valuation & Investment View
- Kanpur Plastipack: Sustained export-led growth, capacity expansion visibility through FY27.
- M&B Engineering: Focused on margin recovery and order diversification.
- Deccan Cements: Turnaround complete; strong demand post monsoon season.
- HEG: Capacity utilization near full potential; margin stability expected.
- Tirupati Forge: Benefiting from infrastructure-led forging demand.
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Investor Takeaway
According to Gulshan Khera, CFP®, from Indian-Share-Tips.com, Indian manufacturing’s Q2 data reinforces confidence in cyclical recovery and process innovation. With strong order visibility, exporters and capital goods firms could deliver multi-quarter compounding. Explore detailed setups at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
