TD Power Systems in focus as INIO rides data center wave

Market pulse

From the investor's mind

Indian machine tool manufacturer Macpower CNC is facing an unusual hurdle, refunding 10 to 20 machine orders every month because supply and capacity constraints are preventing it from executing them on time. Writing on X, Ishmohit Arora of SOIC notes that the business is currently running at approximately 95% capacity utilization while holding a pending order book of ₹476 crore, which is up 36%, alongside a strong pipeline of ₹939 crore in bids. Driven by this heavy demand backlog, the company has raised its FY27 growth guidance to nearly 35% from its previous estimate of 30%. This scenario highlights a structural shift where the firm's main challenge is scaling up its production capacity quickly enough to absorb a booming industrial market rather than finding new customers.

Word in the street

TD Power Systems Limited

Investors are closely watching TD Power Systems Limited, a company with a market cap of about 22,157 crore whose stock has risen 113.29 percent over the past year. Much of the active discussion, however, centered on INIO, a power equipment company riding the data center wave. INIO posted a monster quarter with Q3 revenue of about 1.2 billion dollars, up 57 percent year-over-year. EBITDA margins expanded to 21.0 percent from 18.4 percent last quarter, prompting the company to raise its FY26 revenue guidance to between 3.9 billion and 4.0 billion dollars, and its EBITDA target to 780 million dollars.

Yesterday's big moves

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