SYNOPSIS: Arham Technologies shares jumped 7 percent as the company targets Rs. 300 crore revenue by FY28, expanding smart TVs, IoT products, and southern India and international markets, backed by Rs. 30 crore capex.
During Thursday’s trading session, shares of this Electronics and Original Equipment Manufacturer (OEM) specialising in Smart LED Televisions surged nearly 7.5 percent on NSE, following the company’s announcement of a plan to grow revenue by 329 percent from FY25 to Rs. 300 crore by FY28.
At 12:34 a.m., the shares of Arham Technologies Limited were trading in the green at Rs. 103.6 on BSE, up by around 5 percent, as against its previous closing price of Rs. 98.45, with a market cap of Rs. 175.3 crores.
Management Guidance
The company envisions becoming India’s leading mass-market electronics brand by FY28, targeting Rs. 300 crore in revenue, a growth of approximately 329 percent from Rs. 70 crore in FY25.
To support this ambitious vision, it is investing over Rs. 30 crore in sheet metal and injection moulding facilities, strengthening backward integration to ensure better cost control, product quality, and scalable operations across its portfolio.
The company is also pursuing geographic expansion, aggressively growing in Southern India while entering key international markets in the Middle East, Africa, and Asia, unlocking new revenue streams and currency diversification.
Operational efficiency and asset productivity are being enhanced by ramping TV capacity utilisation from 30 percent to 80 percent by FY28, which will drive fixed-cost absorption, margin expansion, and topline growth.
The product portfolio is being expanded with new, differentiated offerings to capture emerging market opportunities, supported by high-tech in-house manufacturing capabilities for fan blades, TV cabinets, coolers, and other components.
Product Portfolio and Presence
The company’s current product portfolio comprises Smart Televisions (annual capacity: 3 lakh units), Fans (5 lakh units), and Home Appliances (50,000+ units). It is expanding into high-margin, sunrise sectors with Interactive Flat Panel Displays and IoT-enabled products, targeting applications such as smart classroom electronics, digital signage, and educational technology, with an expected 25 percent CAGR in the domestic smart display market.
Products are distributed through a robust dealer and distributor network across Chhattisgarh, Madhya Pradesh, Odisha, Vidarbha, Andhra Pradesh, and parts of Uttar Pradesh.
Strategically located in the Electronic Manufacturing Cluster (EMC) of Raipur Smart City, the company benefits from excellent connectivity, access to central India markets, and proximity to an inland port, reducing import-export costs compared with congested ports like Nhava Sheva.
The central location also offers logistical advantages, providing easy access to seven neighbouring states: Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh, Uttar Pradesh, and Jharkhand.
For future growth, the company targets 20 percent revenue contribution from export markets in the Middle East, Africa, and Asia, while strengthening its presence in Southern India – specifically Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana – during FY26-27.
Financials & more
Arham Tech reported a significant growth in its revenue from operations, showing a year-on-year rise of over 35 percent from Rs. 27.6 crores in H2 FY24 to Rs. 37.4 crores in H2 FY25. Similarly, its net profit increased during the same period from Rs. 3.2 crores to Rs. 4.6 crores, representing a growth of around 44 percent YoY.
Arham Technologies Limited, a company listed on the NSE EMERGE platform, is engaged in the business of manufacturing LED Smart Televisions under its brand ‘STARSHINE’, available in multiple screen sizes. In addition, the company produce fans, BLDC smart fans, air coolers, washing machines and mixer grinders through third-party manufacturers under the same brand.
Written by Shivani Singh
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