Denta Water reported FY26 revenue of ₹250.38 crore and PAT of ₹60.90 crore. The company has an order book of ₹727.80 crore and targets 20% revenue growth in FY27 with improved margins.
Denta Water and Infra Solutions Ltd.
FY26 Revenue: ₹250.38 Crore
FY26 PAT: ₹60.90 Crore
Reader Takeaway: Healthy FY27 growth target balanced by Q4 margin pressure and order book concerns.
What just happened
Denta Water and Infra Solutions Ltd. announced its financial results for Fiscal Year 2026 (FY26), reporting revenue of ₹250.38 crore and profit after tax (PAT) of ₹60.90 crore. The company's EBITDA for the fiscal year stood at ₹83.49 crore. As of March 31, 2026, the outstanding order book was ₹727.80 crore across 38 projects.
Why this matters
The results indicate a stable financial performance for FY26. However, a dip in Q4 margins to approximately 19% due to project mix and external price factors, along with a reduction in the order book from ₹841 crore in December 2025 to ₹727.80 crore in March 2026, are key points for investor attention. The company has guided for a strong FY27 with 20% revenue growth and improved EBITDA margins of 25% to 30%.
The backstory
Denta Water operates in the water and infrastructure solutions sector. The company has been working on multiple projects and has a focus on government initiatives like the Jal Jivan Mission. Maintaining a zero-debt profile, excluding operational funding, is a notable aspect of its financial strategy.
What changes now
Management is focused on executing the current order pipeline and aggressively bidding for new tenders, especially following government changes that temporarily slowed new project flows. The company aims to improve cash flow by liquidating a significant portion of its working capital, approximately ₹295 crore, by January.
Risks to watch
Key risks highlighted include raw material price volatility, particularly for petroleum-based products. The contraction in the order book and the recent pressure on Q4 margins require close monitoring. The successful liquidation of working capital is also critical for financial health.
Peer comparison
(Information not available in the provided filing.)
Context metrics (time-bound)
- FY26 Revenue: ₹250.38 Crore
- FY26 EBITDA: ₹83.49 Crore
- FY26 PAT: ₹60.90 Crore
- Outstanding Order Book (Mar 31, 2026): ₹727.80 Crore
- Outstanding Order Book (Dec 2025): ₹841 Crore
- Working Capital Tied Up: Approx. ₹295 Crore
- Q4 Margins: Approx. 19%
- FY27 Revenue Growth Guidance: Minimum 20% YoY
- FY27 EBITDA Margin Guidance: 25% to 30%
What to track next
Investors should track the company's ability to secure new orders, improve its margins back to the guided range, and the progress on working capital liquidation. The successful implementation of new technologies for sewage treatment plants is also a factor to watch.