Denta Water & Infra Solutions Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Other Utilities | Market Cap: ₹940 Cr
Revenue growth guidance for FY 2025-26: Expected to cross Rs. Revenue growth guidance: - FY 2026-27: Expected 30% growth, projecting revenue of Rs.
From Denta Water & Infra Solutions Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹286
Market Cap
₹940 Cr
P/E Ratio
15.4
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Denta Water & Infra Solutions Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹55 Cr, net profit ₹9 Cr.
Full financials →📊 Revenue & Sales Performance
- →Revenue growth guidance for FY 2025-26: Expected to cross Rs. 300 crores, with Q4 being the highest booking quarter.
- →FY 2026-27 projection: 30% increase over FY 2025-26, targeting Rs. 375 to Rs. 400 crores in revenue.
- →FY 2027-28 projection: Further 25-30% revenue growth, aiming for Rs. 500 to Rs. 525 crores.
- →Order book expected to reach around Rs. 1000 crores by March 2026 through new tenders and projects.
- →Company plans to bag incremental orders of Rs. 50 to 400 crores in smaller tranches rather than a single large order.
- →Growth driven by sustained execution of water infrastructure projects under government schemes like Jal Jeevan Mission, AMRUT, and Swachh Bharat.
- →Operating cash flow expected to improve by Q4 due to faster project execution and revenue realization.
📈 Profitability & Margins
- →Revenue growth guidance:
- → - FY 2026-27: Expected 30% growth, projecting revenue of Rs. 375 to Rs. 400 crores.
- → - FY 2027-28: Further 25-30% growth targeted, with revenue around Rs. 500 to Rs. 525 crores.
- →Margins:
- → - Targeting to maintain robust profitability with EBITDA margin around 30-33%.
- → - PAT margin expected at about 24-25%, maintaining strong profitability despite competitive pressures.
- →Order Book & Execution:
- → - Current order book stands at Rs. 734 crores.
- → - Anticipates order book to cross Rs. 1,000 crores by March 2026 from ongoing bids and new projects.
- → - Execution timeline mostly within 12-36 months based on order size, ensuring steady revenue flow.
- →Operating Cash Flow:
- → - Expected to improve in Q4 as projects accelerate and financial resources are deployed efficiently.
- →Overall, the company is confident of sustained earnings growth driven by strong order inflows, efficient execution, and maintaining healthy margins.
🏗️ Capital Expenditure Plans
- →No specific mention of current or future capital expenditure (capex) or strategic investments in the transcript.
- →The company follows an asset-light, debt-free model largely relying on internal generation funds and IPO funds for project execution.
- →No large borrowings noted; any project-based funding is short-term and closed within the financial year.
- →Focus is on bidding and executing government-funded water infrastructure projects rather than capital-intensive investments.
- →The company is expanding geographically and into allied infrastructure domains (railways, highways) mainly through technical joint ventures rather than heavy capital investment.
- →Emphasis is on procurement of raw materials and efficient project execution to drive revenue and margins, not on fixed asset investments.
💰 Fundraising & Capital Structure
- →The company currently operates on a debt-free model and has not taken significant borrowings except for non-fund-based bank guarantees.
- →If project-based funding is needed, the company opts for short-term borrowings and aims to close these before year-end.
- →As of the call, cash reserves are comfortable, and operations are funded through internal generation and IPO proceeds.
- →IPO funds raised earlier have been largely deployed (~90% utilized).
- →No mention of any immediate or planned new fundraising through debt or equity in the upcoming quarters.
- →The company focuses on maintaining comfortable liquidity and efficient cash flow management without additional fundraising.
📋 Order Book & Pipeline
- →Current order book stands at ₹734 crores (as of Q2 FY26).
- →Projects typically executed within 12-36 months depending on size.
- →Recently won orders worth ₹52 crores, including sewage system upgradation and groundwater recharge.
- →Lowest bidder (L1) in projects worth ₹206 crores, not yet part of order book.
- →Preparing bid for a ₹400 crore order from Karnataka, expected to be awarded in Q3 or Q4 FY26.
- →Total expected order book imminently around ₹650 crores (₹52 + ₹206 + ₹400 crores).
- →Company targets order book to reach ₹1000 crores by March 2026.
- →Actively bidding for projects in Uttar Pradesh and Maharashtra, focusing on groundwater recharging.
- →Focus on securing incremental orders worth ₹50-100 crores to ₹300-400 crores over next 1-3 years.
Key Metrics
Frequently Asked Questions
What were Denta Water & Infra Solutions Ltd Q2 FY26 results?
Revenue growth guidance for FY 2025-26: Expected to cross Rs. Revenue growth guidance: - FY 2026-27: Expected 30% growth, projecting revenue of Rs.
What is Denta Water & Infra Solutions Ltd share price analysis?
Denta Water & Infra Solutions Ltd currently shows a neutral. The stock trades at a P/E of 15.4 with a market cap of ₹940 Cr. Investors should review the full earnings analysis for detailed insights.
Is Denta Water & Infra Solutions Ltd planning capital expenditure?
No specific mention of current or future capital expenditure (capex) or strategic investments in the transcript.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.