Steamhouse India Ltd

The company plans to add 180 TPH of capacity across Ankleshwar, Panoli and Dahej, taking its total capacity beyond the current 345 TPH. New steam distribution operations in Dahej SEZ and Haldia could provide another growth opportunity. However, FY27 revenue may remain under pressure due to the discontinuation of the coal-trading business from April 1, 2026, which contributed INR 132.3 Cr, or 26.9% of FY26 revenue. Despite this near-term impact, the shift towards the core steam business should improve the overall quality of revenue. 