Krishna Defence & Allied Industries Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 31 May 2026 | Aerospace & Defense | Market Cap: ₹1.6K Cr
Krishna Defence & Allied Industries targets a 30% CAGR revenue growth over the next 3-5 years. The company targets a **30% CAGR growth in revenue** over the next 3-5 years, driven primarily by the defence segment and ongoing naval projects (Page 29).
From Krishna Defence & Allied Industries Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,027
Market Cap
₹1.6K Cr
P/E Ratio
39.3
Revenue Rank
Margin Rank
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
Rank 2- →Krishna Defence & Allied Industries targets a 30% CAGR revenue growth over the next 3-5 years.
- →Growth is expected primarily from the defence segment, particularly naval projects and the existing product mix.
- →Product mix will remain similar, with about 60% revenue from Bulb bars, 15-20% from armoured steel profiles, and 15-20% from weld consumables.
- →New products like smart ammunition and autonomous underwater vehicles (AUV) are under development but are not expected to contribute significantly to near-term revenue.
- →Order pipelines for naval projects (next-gen corvettes, LPDs, MCM vessels) are strong and expected to materialize, supporting growth targets.
- →Existing infrastructure can support INR400-500 crore revenue with some modernization.
- →Margin improvements and operational leverage are also expected alongside revenue growth.
📈 Profitability & Margins
Rank 2- →The company targets a **30% CAGR growth in revenue** over the next 3-5 years, driven primarily by the defence segment and ongoing naval projects (Page 29).
- →Growth will mainly come from existing products like **Bulb Bars (60% of revenue), armoured steel profiles (15-20%), and weld consumables (15-20%)**, with proportionate increases expected in all segments (Pages 29, 22).
- →Margin expansion is expected to continue, with an aspiration for **incremental margin improvement** over FY27 and FY28, maintaining around 21% EBITDA margin, supported by product mix and operating leverage (Pages 13, 12).
- →Profit and order book growth visibility is strong, with management confident of achieving the growth targets based on a healthy tender pipeline and new projects like next-gen corvettes, playground projects, and aircraft arresting gear (Pages 22, 18).
- →Associate companies Conceptia and Waveoptix are forecasted to grow at **20% and 30% respectively**, contributing to overall earnings (Page 13).
🏗️ Capital Expenditure Plans
Yes- →The company made major CapEx investments in the Chennai plant and land acquired in Halol.
- →A joining shed of about 50,000 square feet was purchased for capacity expansion.
- →Manufacturing at the joint venture (JV) with VABO has started with trial production; further traction is expected this financial year.
- →The JV with VABO requires additional funding of about INR 4-5 crores from Krishna Defence, funded internally without debt.
- →No further stake increase is planned in the JV beyond 51%.
- →The CapEx related to the JV will be recorded on the JV’s books, not standalone.
- →The company continues to focus on modernization and automation within existing infrastructure to support growth.
- →New ventures such as smart weapons development with Taharabadkar Solutions will require investments but are in early stages with revenues expected in 2-3 years.
💰 Fundraising & Capital Structure
No- →No specific current or future fundraising through debt or equity was mentioned in the call.
- →The company discussed internal funding for the JV with VABO, estimating a required funding of about INR4-5 crores, which will come from internal resources without the need for debt.
- →There is no indication of plans to raise additional equity or increase stake beyond the existing 51% in the JV.
- →The company aims to maintain positive operating cash flow and manage CapEx through internal accruals.
- →Overall, funding needs, including CapEx and JV investments, are being met internally with no immediate plans for external debt or equity fundraising.
📋 Order Book & Pipeline
Yes- →Closing order book as of March 31, 2026: INR 100-103 crores (pending/unexecuted orders).
- →Order pipeline as of the same date: INR 200-220 crores, with expectations that much of this will materialize in the first half of FY27.
- →Total active order book including pipeline around INR 300-320 crores as of March 2026.
- →FY26 executed orders approximately INR 244 crores; starting order book INR 190 crores.
- →Management aims for 30%+ year-on-year growth for the next three years.
- →Orders tend to be split into smaller batches by customers, typical order size is smaller but frequency is steady.
- →Company will bid for all available tenders, no firm cap on order bidding for full year FY27.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Krishna Defence & Allied Industries Ltd Q4 FY26 results?
Krishna Defence & Allied Industries targets a 30% CAGR revenue growth over the next 3-5 years. The company targets a **30% CAGR growth in revenue** over the next 3-5 years, driven primarily by the defence segment and ongoing naval projects (Page 29).
What is Krishna Defence & Allied Industries Ltd share price analysis?
Krishna Defence & Allied Industries Ltd currently shows a moderate growth signal based on ranking data. 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?
The company made major CapEx investments in the Chennai plant and land acquired in Halol.
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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.