Analysis: Om Power Transmission Ltd

Growth thesis

Om Power Transmission Ltd is an EPC firm specializing in high-voltage transmission infrastructure, with revenue split across transmission lines (51.6%), substations (21.9%), underground cabling (19.3%), and O&M (7.2%). Growth is driven by a 621-crore order book with 18-month execution timelines, geographic expansion into Rajasthan/Punjab/Dadra Nagar Haveli (82% of orders currently in Gujarat), and entry into 765kV projects as GETCO upgrades grids. The company targets 50%+ FY27 revenue growth via a 900-crore tender pipeline (30-40% win ratio) and the 200-crore Dholera 400kV project. Margins are guided at 12-13% EBITDA and 8-9% PAT, supported by a 75-day working capital cycle. Key execution risks include margin compression in new geographies and 82% PSU order dependency.

Why is Om Power Transmission Ltd stock rising?

• Revenue growth guidance of 50% for FY27
• EBITDA margin expected to remain between 12% to 13% and PAT margin between 8% to 9%
• Entering 765 kV transmission line and substation segment as GETCO plans expansion beyond 400 kV
• Participating in DISCOM distribution tenders with results expected in the next month
• Expanding geographical footprint to 3–4 additional states pan-India beyond Rajasthan and Punjab

Research report

companyname: Om Power Transmission Limited ticker: OMPOWER sector: Power Infrastructure EPC (Transmission & Distribution) Om Power Transmission Limited is a power infrastructure EPC company with over 14 years of experience in high-voltage and extra-high-voltage transmission lines, substations, and underground cabling. It listed on NSE and BSE in April 2026. The company builds and maintains the backbone of electricity delivery: overhead transmission lines from 11 kV to 400 kV, air-insulated and ...

Catalysts

new product segment, geographic expansion, order book surge

Growth guidance

FY27 revenue growth guided at 50%+ driven by historical performance and expansion into new geographies