Stories
Steamhouse India Targets 35% Growth After Strong Q1 Profit Surge
- •Steamhouse India shares hit a 10 percent upper circuit following an 80 percent year-on-year jump in net profit for the June quarter of Q1FY27.
- •Chairman and Managing Director Vishal Budhia projected a 30 to 35 percent volume CAGR over the coming years, driven by new capacity and steady demand.
- •First-quarter growth was almost entirely fueled by repeat customers increasing their production needs, with new client impacts expected later.
- •The company is commissioning three new waste-based boilers this year and plans further expansions to reach a total capacity of 705 tonnes.
- •EBITDA per tonne is projected to rise from ₹1,000 to between ₹1,100 and ₹1,200, backed by better asset utilisation and waste-to-energy boilers.
Key Questions Answered
Steamhouse India reported an 80% net profit jump in the April-June quarter of 2026 (Q1FY27), driven almost entirely by repeat customers increasing their production requirements. Chairman and Managing Director Vishal Budhia projected a 30 to 35% compound annual growth rate in volumes over the next few years, supported by upcoming capacity additions and steady client demand.
Surat-based Steamhouse India was listed on the NSE and BSE on September 17, 2026, and holds a market capitalisation of approximately ₹3,274.03 crore.
The company is commissioning three new waste-based boilers this year to yield better margins, alongside three more boilers funded by IPO proceeds that will add 180 tonnes of capacity in the first quarter of FY29 to reach a total capacity of 705 tonnes. Additionally, the business is working towards ₹180 crore in the near term over the next three years to align with its volume growth guidance.
