💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents; however, the company secured new orders totaling INR 1.48 Cr in Q3 FY26, including INR 1.08 Cr for HV Panels/VFDs and INR 0.25 Cr for LT Panels.

Geographic Revenue Split

100% Domestic (India), based on recent contract awards from Kalpataru Projects International Limited and TPWODL.

Profitability Margins

Not disclosed in available documents. The management emphasizes 'enhanced shareholder value' through timely execution of the INR 1.48 Cr order book.

⚙️ Operational Drivers

Raw Materials

Components for HV Panels, VFDs (Variable Frequency Drives), LT Panels, and Plant Power Systems. Specific raw material cost percentages are not disclosed.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

Vdeal is pursuing a strategy of deepening relationships with existing large-scale clients like Kalpataru Projects International Limited and TPWODL. The company is expanding its footprint in the power systems and industrial automation space (HV/LT Panels and VFDs) with a focus on timely project commissioning to drive sustained business growth.

Products & Services

HV (High Voltage) Panels, VFDs (Variable Frequency Drives), LT (Low Voltage) Panels, and Plant Power Systems including supply, testing, and commissioning support.

Brand Portfolio

Vdeal System Limited

New Products/Services

Supply and commissioning support for LT Panels and Plant Power Systems, contributing to the current INR 1.48 Cr order pipeline.

Market Expansion

Expanding footprint through domestic infrastructure projects; specifically targeting power distribution and industrial automation sectors.

🌍 External Factors

Industry Trends

The industry is shifting toward automated power distribution and energy-efficient motor controls (VFDs). Vdeal is positioning itself as an integrated supplier of both HV/LT hardware and commissioning services to capture this shift.

Competitive Landscape

Competes with other domestic electrical panel manufacturers and industrial automation solution providers.

Competitive Moat

Competitive advantage stems from 'existing client' status with major players like Kalpataru and TPWODL, creating high switching costs and a track record of timely execution in specialized electrical panels.

Macro Economic Sensitivity

Sensitive to Indian infrastructure spending and power sector CAPEX, as evidenced by orders from power distribution and infrastructure companies.

Consumer Behavior

Industrial and utility clients are increasingly demanding end-to-end 'supply, testing, and commissioning' support rather than just hardware procurement.

Geopolitical Risks

Low immediate risk as current contracts are 100% domestic.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with SEBI (LODR) Regulations 2015 for corporate disclosures and board compositions. Operations must adhere to electrical safety and manufacturing standards for HV/LT panels.

⚠️ Risk Analysis

Key Uncertainties

Execution risk for the INR 1.48 Cr order book with tight delivery timelines in January 2026.

Geographic Concentration Risk

100% concentration in the Indian domestic market.

Third Party Dependencies

High dependency on the capital expenditure cycles of Kalpataru Projects International Limited and TPWODL.

Technology Obsolescence Risk

Risk of shifting standards in VFD technology and power system automation requiring continuous product updates.

Credit & Counterparty Risk

Exposure to receivables from large infrastructure and utility firms; however, these are 'existing clients' which may mitigate collection risk.