Krishna Defence & Allied Industries Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 19 Jul 2026 | Aerospace & Defense | Market Cap: ₹1.6K Cr
The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years. The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years (Page 23).
From Krishna Defence & Allied Industries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,027
Market Cap
₹1.6K Cr
P/E Ratio
39.3
How does Krishna Defence & Allied Industries Ltd rank in Aerospace & Defense?
Compare Krishna Defence & Allied Industries Ltd against every Aerospace & Defense company this quarter on revenue, margins and earnings-call signals.
Krishna Defence & Allied Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹65 Cr, net profit ₹12 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years.
- →Revenue growth is expected from defence projects including corvettes, frigates, FSS, and MPVs, with orders expected to materialize soon.
- →Expansion in capacity and improvements in productivity and efficiency will support increased execution and revenue.
- →Newer segments like commercial shipbuilding (via Conceptia) and aerospace components are anticipated to contribute to growth starting late FY25 or early FY26/FY27.
- →The AUV program and partnerships through joint ventures will create new revenue streams, expected to mature by FY28.
- →Growth is broad-based across products: bulb bars, weld consumables, and HVF profiles, with some segments growing 30-40%.
- →The company aims to maintain or improve current margin levels alongside revenue growth.
📈 Profitability & Margins
🏗️ Capital Expenditure Plans
- →Current fixed asset investment stands around ₹22 crore, with ₹3.5 crore under capital work in progress.
- →Planned CapEx is ₹5 crore to ₹10 crore annually, focused on improving efficiency and introducing better manufacturing practices, not major expansion.
- →The company follows an asset-light model by outsourcing non-critical jobs, minimizing the need for heavy capital investment.
- →Existing capacity can support manufacturing up to ₹200 crore in revenue without significant additional CapEx.
- →No immediate working capital or major CapEx requirements are foreseen for the current products.
- →The company is taking "baby steps" towards forward integration in shipbuilding, recognizing the need for substantial investment but proceeding cautiously.
- →Capital expenditure aligns with product-specific, specialized machinery rather than broad infrastructure expansion.
💰 Fundraising & Capital Structure
- →Currently, there is no immediate plan for fundraising through debt or equity.
- →The company is working on a few projects that, if they materialize, may prompt exploration of fundraising options.
- →Any consideration of fundraising will depend on how those projects progress.
- →As of now, there is nothing concrete or ongoing in terms of raising funds.
📋 Order Book & Pipeline
- →Current order book as of September 30, 2025, stands at approximately ₹196 crore.
- →Defense order inflow expected in H2 FY26 is anticipated around ₹100 crore to ₹150 crore.
- →Several tenders worth about ₹100 crore to ₹110 crore are in the pipeline but not yet converted to purchase orders.
- →The company expects to close FY26 with an order book between ₹170 crore to ₹220 crore.
- →For FY27, guidance targets revenue execution of around ₹300 crore from defense, supported by incoming orders for corvettes, frigates, FSS, and MPVs.
- →Execution timelines are being shortened through automation despite inherent long gestation in the product manufacturing.
- →Order inflow is stable with no rising competitive intensity; only two approved suppliers currently for key products.
- →Additional demand is expected from commercial shipbuilding segments in addition to defense.
Key Metrics
Frequently Asked Questions
What were Krishna Defence & Allied Industries Ltd Q2 FY26 results?
The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years. The company aspires to grow at a 30% to 40% CAGR year-on-year over the next few years (Page 23).
What is Krishna Defence & Allied Industries Ltd share price analysis?
Krishna Defence & Allied Industries Ltd currently shows a neutral. The stock trades at a P/E of 39.3 with a market cap of ₹1,611 Cr. Investors should review the full earnings analysis for detailed insights.
Is Krishna Defence & Allied Industries Ltd planning capital expenditure?
Current fixed asset investment stands around ₹22 crore, with ₹3.5 crore under capital work in progress.
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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.