Automobiles

Krishna Defence 2026 Annual report : Eye catching snippets : Engineering the Future of Defence

FY26 has been focused on three things

  1. strengthening our manufacturing infrastructure,
  2. expanding our technology partnerships,
  3. and sharpening our focus on the sectors where India’s defence modernisation is moving fast

FY27 FOCUS : Again 3 focus areas

  • Make in INDIA : indigenising imported steel products leveraging our PLI recognition and metallurgical expertise;
  • Technology : co-developing smart weapons and ammunition systems with domestic and international partners;
  • Partnerships : advancing autonomous underwater vehicles through our NIO Goa partnership and existing AUV engineering experience

TAILWINDS

Krishna Vabo Defence Composites Private Limited
Krishna Vabo Defence Composites Private Limited is a joint venture between India’s Krishna Defence and Allied Industries Limited (KDAIL) and Netherlands-based VABO Composites B.V.. Established in 2026, this entity (51:49 shareholding) focuses on manufacturing, designing, and supplying advanced composite products, such as ship doors and hatches, for the Indian Navy and global maritime ectors. The goal is to indigenize composite solutions and reduce import dependence under the Make in India initiative and the target market is Indian defence programs (navy) and export markets, including Southeast Asia and the Middle East.

Taharabadkar Solutions Private Limited
Taharabadkar Solutions Pvt Ltd (TSPL) is involved in design, development and manufacture of smart weapons & guided ammunition and ammunition systems, it was incorporated on 11th March 2025. KDAIL has acquired 46.81% stake in TSPL.

Xsub Robotics Private Limited
Xsub Robotics Private Limited (XRPL) is involved in design, developing and manufacture of manned and unmanned marine platforms such as remotely operated vehicles (ROVs), autonomous underwater vehicles (AUVs), robotic crawlers, inspection machines, and allied equipment. It was incorporated
on 27th April, 206 and KDAIL has 50.01% stake in XRPL.

Company is securing an adjacent 40,000 square foot plot to establish a new production line.

A Quick summary on YT

Automobiles

Sona BLW 2026 Annual report : Eye catching snippets :From Roads to Rails to Robotics

Mobility Tech company

Huge presence across World, across INdia

Quarter : How they went in 2026

Numbers are speaking for themselves

Expanding across Frontiers and EPIC mindset

Technology Roadmap

Intelligent systems : Focus area

Company sees attractive long-term opportunities in railways, drones, electric vertical take-off and landing aircraft (eVTOLs), automated guided vehicles (AGV), autonomous mobile robots (AMRs), industrial robots and humanoid robots.

Most of the emerging segments are aligned with Sona Comstar’s existing capabilities in
gears, motors, controllers, sensors, embedded hardware and software.

From DESK of MD And CEO

Solutions

A quick Summary here

Automobiles

Avalon 2025 Annual report : Eye catching snippets

Lets start with Financial highlights

49% box build revenue catches my eye

Greenfield and brownfield expansion

Partnership with global equipment manufacturer company for complex subsystem manufacturing

Partnering with CDAC for high performance computing

Partnership with Zepco in motors, drives, controllers.

Secured projects in global auto components, home electrification, rail, industrial, infrastructure, clean energy, and communications

OUR DUAL SHORE MANUFACTURING

In FY2025, we enhanced this model with the commissioning of a new export-focussed facility in Chennai. Construction has also begun on two additional facilities – one to serve growing domestic demand and the other focussed on exports. Our U.S. operations continue to serve marquee customers in highly regulated sectors, while our Indian facilities leverage scale and cost benefits

One stop shop and Diverse capabilities

Solutions

All major certifications

Electronics · Stock Markets · Stocks

SYRMA SGS

We have covered this company earlier at

Manufactures various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies/adapters, fiber optic assemblies, magnetic induction coils and RFID products, and other electronic products. The company is a part of Tandon Group with Sandeep Tandon as chairman of the company. Its manufacturing facilities are spread across Northern India (Bawal, Haryana, Manesar, Haryana, Baddi, Himachal Pradesh) and southern India – Chennai (Tamil Nadu), Bengaluru (Karnataka). 

One of India’s Largest ESDM Company in the Non-Consumer Segment

300+ customers, 18 Facilities, 20+ exporting countries

with end to end capabilities and backward integration of PCB and components inhouse

Business verticals serving high growth industries

Four Dedicated R&D Facilities
1 in Germany & 3 in India

190 employees in RnD, 537 overall engineers

1800+ suppliers

Global certifications in place

Revenue splits

Government Initiatives
 Capitalizing on government incentives such as PLI, MSIPS, ECMS, PM E-drive and EMC  Tax incentives, infrastructure support
Growth of IoT & Smart Devices
 IoT in industrial, automotive, consumer segments to drive customized solutions
 Automotive IoT growth driven by connectivity, ADAS, personal UI, etc
Export Opportunities
 Rising trend of supply chain diversification
 India being favored as the global alternative as part of China + 1 strategy

Increasing outsourcing by OEMs
 OEMs increasing reliance on ESDM players for cost efficiency, scalability, supply chain flexibility

Increasing focus area

Very very interesting chart on what SYRMA wants to do in coming time

The company imports 60% of its material requirements, which exposes it to foreign exchange fluctuation risk. While part of the forex exposure is naturally hedged from exports (about 25% of the total revenue), the company takes three months forwards to cover part of the open exposure and is able to pass on the impact of foreign exchange fluctuation to customers to some extent, any major forex fluctuation can impact the margins.

Time to time changes in technology may impact business in short term

Intensive working capital nature of business may need consistent cash flows

Technicals

Electronics

Integration of advanced electronics

Electrification · Electronics

Indian Lighting Market