Guided to grow: Inside the FY26 playbooks of India’s fast-growing companies

Navigating company reports and investor calls can feel like searching for a needle in a haystack, especially when you're trying to pinpoint true growth potential. With documents often running into dozens of pages, extracting the core insights can be challenging.

To cut through the noise and save you valuable time, we've scrolled through numerous company documents and identified a select group. We've collated a list of 10 companies that have guided to grow more than 30% in FY26. This curated list provides a crucial first step, making it significantly easier for you to kickstart your own in-depth analysis and solidify your investment thesis.

This compilation highlights more than 10 companies where management has indicated a potential growth of over 30% in FY26 compared to FY25, across metrics such as revenue, EBITDA, PAT, or capacity expansion. This curated compilation showcases 10 such companies based on their management guidance, drawn from Q4 FY25 earnings calls, investor presentations, and exchange filings. But this article goes beyond the numbers — it dives into why the growth is expected, by highlighting key triggers such as:

• Capacity additions
• New product verticals
• Order books
• Geographical expansion
• Policy support
• Business model transitions
• Operational leverage and margin expansion

All insights are fact-based, citing the company’s own projections and commentary aimed at helping readers spot what’s moving beneath the surface of broader market indices.

Waaree Energies Ltd (Waaree)

Waaree is a leading solar energy company in India, specialising in the manufacture of solar PV modules, provision of EPC services, and offering comprehensive solar solutions.

• Growth parameter: EBITDA
• Guided growth: 76% YoY in FY26 (Guidance: ₹5,500–6,000 Cr vs ₹3,123 Cr in FY25)

Key drivers:

• Strong order book: An order book of ₹47,000 crore, reflecting robust demand for solar modules and EPC services, ensuring manufacturing facilities booked till March 2026

• Capacity expansion: Commissioning of India’s largest 5.4 GW cell facility at Chikhli (some lines at 90 % utilisation) and new 1.6 GW module capacity in the US.

• Integrated operations: Vertical integration across the solar value chain, including modules, cells, ingots, wafers, battery storage, and inverters, enhancing operational efficiency

• Industry tailwinds (PLI, PM Surya Ghar Yojana, Make in India, etc.); solar share in India’s renewable target of 500 GW by 2030; cumulative solar demand to rise from 35 GW to 70 GW p.a. by the end of the decade

Waaree Energies' financial snapshot (in ₹ cr)

Source: Company reports

Genus Power Infrastructures Ltd (Genus)

Genus is a leading provider of smart metering solutions and power infrastructure services. It specialises in manufacturing and deploying advanced metering infrastructure (AMI) systems, smart meters, and related software solutions.

• Growth parameter: Revenue
• Guided growth %: ₹4,000 crore (+60% YoY in FY26)

Key drivers:

• Robust order book: The company has an order book of ₹30,110 crore, providing strong revenue visibility, with 50-60% of orders expected to be executed in the next 3 years.

• Capacity expansion: Increased manufacturing capacity from 1 crore to 1.5 crore meters annually, with the Assam plant commencing commercial production in December 2024.

• Smart metering projects: Anticipates tenders from states like Kerala and West Bengal, planning to install 70–80 lakh meters during FY26. Around ₹27,300 crore of tenders are open for bidding in the next 3–4 months.

• Software integration: Backwards integration into software solutions such as meter data management (MDM) and head-end systems (HES) to enhance efficiency and margin.

• Industry tailwinds: Under India’s smart metering program, 25 crore meters are planned—12 crore have been awarded, just 2 crore installed so far, leaving 11 crore yet to be awarded and over 23 crore still to be installed.

Genus Power’s' financial snapshot (in ₹ cr)

Source: Company reports

Solar Industries India Ltd

Solar Industries is a leading manufacturer of industrial explosives and defence products. It caters to various sectors, including mining, infrastructure, and defence, with a strong presence in both domestic and international markets.

• Growth parameter: Revenue
• Guided growth %: +33% growth in FY26 revenue to ₹10,000 cr

Key drivers:

• Signed 10-year MoU with Maharashtra for ₹12,700 cr investment in defence and aerospace; management confident of accelerating this timeline due to strong market position.

• Capex plan: A capex plan of ₹2,500 crore for FY26 to support the growth strategy, focusing on R&D and capacity expansion.

• Entered new geographies like Kazakhstan, Saudi Arabia, Thailand, Indonesia, operational; Tanzania, Ghana, Nigeria, Zimbabwe, whose respective facilities are about to commence operations in FY26.

• Order book: An order book of ₹17,000 crore, providing strong revenue visibility.

• Industry tailwinds: emergency procurements due to recent geopolitical tensions, along with increased focus on indigenous defence products through Make in India,

Solar Industries' financial snapshot (in ₹ cr)

Source: Company reports

Welspun Corp

Welspun is a leading global manufacturer of large-diameter pipes, offering end-to-end solutions in line pipes, ductile iron pipes, stainless steel pipes, tubes, and bars.

• Growth parameter: Revenue and EBITDA
• Guided growth %: Revenue +25% YoY; EBITDA +18% YoY in FY26

Key drivers:

• Strong order book: The company has a strong order book of approximately ₹19,553 crore, providing revenue visibility.

• Product diversification: Expansion into new product segments, including stainless steel pipes and tubes, to cater to diverse customer needs.

• Global expansion: Strategic global expansion plans to tap into new markets and increase international sales

• Industry tailwinds: India’s natural gas pipeline network is expected to expand by 10,000 kilometres, increasing demand for line pipes, creating a demand for 2.5 Mn tonnes of steel pipes in the next two years.

Welspun’s financial snapshot (in ₹ cr)

Source: Company reports

Kaynes Technology India Ltd

Kaynes is a diversified electronics manufacturing services (EMS) and original design manufacturer (ODM), catering to aerospace, automotive, railways, industrial, and high-tech sectors.

• Growth parameter: Revenue
• Guided growth: FY26 Revenue Growth Target: 60% YoY (vs ₹2,722 Cr in FY25)

Key drivers:

• Strong order book: ₹6,597 Cr order book (+60% YoY); driven by aerospace, automotive, and industrial. Orders termed “margin-accretive”; execution over the next 1.5 years

• Capex-led expansion: OSAT plant in Gujarat to go live by Q3 FY26. HDI PCB plant in Chennai to start production by end of FY26. ₹4,800 Cr+ total capex underway (heavily subsidised by central & state governments)

• Global diversification: Acquired August Electronics (Canada) for North American expansion

• Industry tailwinds: Strong China+1 tailwind; OEMs shifting to India for tech sourcing amid US tariffs.

Kaynes' financial snapshot

Source: Company reports

PG Electroplast

PG Electroplast is a leading contract manufacturer for consumer durables, with strong positioning in outsourced production of Room ACs, washing machines, and air coolers for 35+ brands.

• Growth parameter: Revenue
• Guided growth: 33% growth in FY26 revenue to ₹7,200 Cr (vs ₹4,869 Cr in FY25)

Key drivers:

• Capacity expansion: ₹800–900 Cr capex in FY26 across 4 Greenfield facilities.

• Gross block expected to double in 2 years (₹1,200 Cr to ₹2,200 Cr) to generate peak revenue potential of ₹8,000-₹9,000 crore once all capacities become operational

• Industry tailwind: Outsourcing is gaining traction due to seasonality and recurring product development costs.

PG Electroplast’s financial snapshot (in ₹ cr)

Source: Company reports

Suzlon Energy

Suzlon is leading fully-integrated wind turbine OEM, Suzlon, has a strong domestic focus and growing OMS/ancillary businesses.

Guided growth: FY26 Revenue/EBITDA/PAT to grow ~60% YoY

Key drivers:

• All-time high order book of 5.5GW, giving revenue visibility for the next 18–24 months.

• Focus on non-wind exports; utilisation improving.

• FY26 capex: ₹400–450 Cr (vs ₹350 Cr in FY25); R&D budget up to ₹225 Cr (₹150 Cr in FY25)

Suzlon’s financial snapshot (in ₹ cr)

Source: Company reports

Deep Industries Ltd

Deep Industries is a leading player in oilfield services, offering integrated solutions in gas compression, drilling, workover, and now offshore services (covers 70% of the post-exploration value chain). It is emerging as a key beneficiary of India’s hydrocarbon policy reforms and domestic production focus.

• Growth parameter: Revenue & PAT
• Guided growth: 25–30% YoY in FY26

Key drivers:

• Strong order book: ₹2,960 Cr, with ₹1,400 Cr long-term contracts and ₹550 Cr active bidding in pipeline

• Production enhancement contracts (commercialisation of oil wells) to be a key contributor in H2.

• Backwards integration: Acquired Kandla Energy (chemicals) to improve margins by 2–3%

• ₹500 Cr capex planned for FY26 (new rigs, processing units, acquisition reserve)

• Industry tailwind: India’s goal is to expand the exploration area to 1 million sq. km by 2030 and double natural gas production to 60 BCM by 2030.

Deep Industries’ financial snapshot (in ₹ cr)

Source: Company reports

Senores Pharmaceuticals Ltd

Senores is a pharma company with a strong presence in US-regulated markets and a growing CDMO/CMO vertical. It operates an FDA-approved manufacturing facility in the US and focuses on complex generics, niche molecules, and backwards-integrated APIs.

• Growth parameter: Revenue & PAT
• Guided growth: Revenue to grow 50% YoY, PAT to grow 100% YoY in FY26

Key drivers:

• Products expected to be commercialised: 31 ANDAs and 23 CDMO/CMO products set to launch in FY26.

• US-based manufacturing moat: Two lines live, two more coming online in the US. Shield the business from tariffs and INR volatility.

• CDMO/CMO advantage: Certified US facilities for controlled substances; high stickiness with 5–10 year contracts.

• API integration: New API plant (100–120 MTPA) operational since March 2025

• Capex-led expansion: ₹250 Cr capex planned for FY26, including oral solids expansion, injectable facility, and greenfield site in India.

• Industry tailwind: US manufacturing facility providing insulation from reciprocal tariffs as well as opportunity, as many large-scale plants closed in recent years.

• Indian business turned operationally profitable, hence will not lead to drawdown in overall operational profitability.

Senores Pharmaceuticals' financial snapshot (in ₹ cr)

Source: Company reports

Lumax Auto Technologies Ltd

A leading Tier-1 auto component supplier, Lumax Auto Technologies caters to passenger, commercial, and two-wheeler OEMs. Its product suite spans mechatronics, plastics, gear shifters, telematics, and clean mobility solutions. T

• Growth parameter: Revenue & EBITDA
• Guided growth: Revenue: +20–25% YoY in FY26; EBITDA: +30–35% YoY in FY26

Key drivers:

• Acquisitions firing on all cylinders: Greenfuel Energy added ₹110 Cr in FY25 in just four months; FY26 guidance is ₹300–350 Cr. It contributes a 22% EBITDA margin and strengthens LATL’s entry into clean fuel components.

• Order book visibility: Total order book at ₹1,300 Cr, with ₹333 Cr to materialise in FY26. 88% of the book is incremental business, not replacements.

• Aftermarket rebound: Targeting 15%+ growth led by product launches and mechanic engagement.

• Strategic framework: Launch of 6-year BRIDGE plan and NorthStar aspiration: 20%+ revenue CAGR and 20% ROCE and 20% EBITDA margin

• Shift to high-margin, software-defined vehicle components (via the SHIFT innovation hub)

Lumax Autos’ financial snapshot

Source: Company reports

Important note for investors

Execution delays, regulatory risks, global supply constraints, or margin pressures could derail growth plans. Company guidance is not a guarantee — it’s a forecast, often assuming ideal scenarios. Always cross-check with financial ratios, historical delivery, promoter holding patterns, and peer performance.

How to discover more such companies

Want to find more companies guiding for strong growth? Here’s how investors can build their high-growth watchlist: Monitor earnings transcripts on company websites or the BSE

• Use filters on platforms like Screener. Search for: “FY26 Revenue Guidance”, “Order Book”, “Capex”, “PAT Growth”, etc.

• Track capex announcements and con-call takeaways to understand growth enablers.

• Look out for investor day presentations and annual reports

• Understand the risk attached to these carefully while keeping an eye on valuations