Taylormade Renewables Ltd (541228)
🎯 Key Takeaways
- Taylormade Renewables Ltd appears to be in a distressed or turnaround phase, marked by volatile financial performance and negative profitability metrics. The company has swung between small revenues and losses over recent quarters, with margins highly erratic and ROE/ROCE near zero.
- Revenue declined 91.2% QoQ to ₹2 in Q1FY27.
- ⚠️ 1) Persistent revenue volatility with no clear recovery trend, as seen in the collapse to ₹2 crore in the latest quarter. 2) Chronic un profitability,
- Market Cap
- ₹70
- P/E Ratio
- 78.9
- P/B Ratio
- 0.73
- ROE
- 0.9%
- ROCE
- 0.9%
- Debt/Equity
- 0.22
- Promoter
- 57.8%
📖 The Story
Taylormade Renewables Ltd appears to be in a distressed or turnaround phase, marked by volatile financial performance and negative profitability metrics. The company has swung between small revenues and losses over recent quarters, with margins highly erratic and ROE/ROCE near zero. Despite a stable promoter holding pattern, the lack of institutional interest and declining EPS suggest limited investor confidence.
📰 What's Happening
Management has not announced any major new orders or strategic shifts in the latest filings, but there are signs of operational volatility — notably a sharp revenue drop to ₹2 in June 2026 and a loss of ₹2 crore. Earlier quarters showed modest profitability in Dec 2025 and Mar 2026, suggesting possible project-based earnings. The company filed its Q4FY26 results on May 28, 2026, which included the latest balance sheet and cash flow data, indicating ongoing capital intensity without clear revenue scaling.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 17 | -2 | 18 | 21 | 2 |
| Operating Profit | 2 | -11 | 4 | 2 | -1 |
| OPM % | 10.9% | 614.0% | 22.1% | 9.7% | -56.4% |
| Net Profit | -1 | -5 | 4 | 3 | -2 |
| EPS | ₹-0.58 | ₹-3.71 | ₹3.01 | ₹2.72 | ₹-1.30 |
The financial trajectory is highly inconsistent, with revenue collapsing from ₹21 crore in Mar 2026 to just ₹2 crore in Jun 2026, while profitability swung from a ₹3 crore net profit to a ₹2 crore loss. This volatility suggests project-based or contract-driven income with poor revenue visibility. Despite rising total assets to ₹157 crore, operating cash flow remains negative, and margins are unstable, reflecting execution risks rather than sustainable growth.
🔮 Management Outlook & What's Next
There is no explicit forward guidance or strategic outlook provided in the latest filing as of May 28, 2026. Management commentary is limited to routine disclosures of financial results and balance sheet changes, with no discussion of future revenue targets, margin improvement plans, or capital allocation strategy beyond ongoing asset growth.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 12 | 12 | 12 |
| Reserves | 75 | 84 | 77 |
| Borrowings | 10 | 21 | 14 |
| Total Liabilities | 141 | 157 | 160 |
| Fixed Assets | 14 | 15 | 13 |
| Investments | 0 | 0 | 0 |
| Total Assets | 141 | 157 | 160 |
The balance sheet shows a steady increase in total assets to ₹157 crore, driven by growth in reserves and assets, while borrowings remain low at ₹21 crore. Equity remains flat at ₹12 crore, with reserves rising from ₹75 to ₹84 crore, indicating retained losses are being capitalized rather than offset by new funding. This suggests capital is being deployed without proportional revenue growth, raising concerns about asset efficiency.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -12 |
| Investing | -8 |
| Financing | +21 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 |
|---|---|---|---|---|
| Promoters | 58.6% | 58.3% | 57.8% | 57.8% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 35.8% | 36.6% | 37.4% | 37.4% |
| # Shareholders | 9,013 | 8,998 | 8,903 | 8,568 |
Promoter holding has slightly declined from 58.56% to 57.84% over the last four quarters, with no FII or DII participation. The number of public shareholders has marginally decreased, indicating limited retail or institutional interest. The lack of foreign or domestic institutional accumulation signals weak market confidence, especially given the company's volatility and negative returns.
⚖️ Peer Comparison — Capital Goods - Electrical Equipment
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| ABB | 1.48 L Cr | 49.4 | 26.5% | — | 0.00 |
| BHEL | 1.43 L Cr | 58.9 | 11.6% | — | 0.30 |
| CGPOWER | 1.36 L Cr | 108.8 | 21.3% | — | 0.00 |
| SIEMENS | 1.35 L Cr | 41.3 | 14.2% | — | 0.00 |
| POWERINDIA | 1.35 L Cr | 117.2 | 29.9% | — | 0.00 |
| GVT&D | 1.07 L Cr | 82.0 | 99.4% | — | 0.00 |
| WAAREEENER | 70,618 | 18.5 | 33.2% | — | 0.17 |
| APARINDS | 69,389 | 58.7 | 33.0% | — | 0.16 |
| SUZLON | 54,531 | 17.4 | 44.5% | — | 0.05 |
| THERMAX | 40,349 | 64.3 | 12.5% | — | 0.41 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent revenue volatility with no clear recovery trend, as seen in the collapse to ₹2 crore in the latest quarter. 2) Chronic un profitability, with negative net income and EPS in four out of five recent quarters, and margins swinging wildly. 3) High sensitivity to project cycles or contract renewals, given the capital goods nature and lack of recurring revenue. 4) Absence of institutional investor interest, which may limit liquidity and support during downturns.
📋 Recent Filings
- 🔴 annual report2026-09-29Taylormade Renewables held its 16th AGM on September 30, 2026, virtually, adopting FY 2025-26 standalone and consolidated financial statements. Mr. Dh…
- Announcement2026-09-29Taylormade Renewables Ltd has announced that its trading window will close on October 1, 2026, ahead of the un-audited financial results for the quart…
- 🟡 Board Meeting2026-09-08Taylormade Renewables announced its 16th AGM scheduled for September 30, 2026, where it will seek shareholder approval to reappoint Chairman Dharmendr…
- 🟡 Board Meeting2026-09-08Taylormade Renewables Limited announced its 16th AGM scheduled for September 30, 2026, via video conferencing, to transact ordinary business including…
🧠 Analyst's Read
The company's narrative remains unclear, with financial performance appearing reactive rather than strategic. Investors should watch for any clarification in management commentary on order pipeline, project execution timelines, or a defined path to profitability. Until then, the stock remains highly speculative with elevated execution and visibility risks.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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