Sathlokhar Synergys E&C Global Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 3 Aug 2026 | Construction | Market Cap: ₹924 Cr

The company targets a minimum of 80% growth in revenue for the next financial year (FY '27), aiming for around INR 1,450 crore to INR 1,500 crore. Revenue Growth:** Targeting minimum 80% growth for FY '27, aiming around INR 1,450-1,500 crores revenue.

From Sathlokhar Synergys E&C Global Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

363

Market Cap

₹924 Cr

P/E Ratio

9.0

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Sathlokhar Synergys E&C Global Ltd — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹277 Cr, net profit ₹30 Cr.

Full financials →

📊 Revenue & Sales Performance

  • The company targets a minimum of 80% growth in revenue for the next financial year (FY '27), aiming for around INR 1,450 crore to INR 1,500 crore.
  • For the current financial year (FY '26), revised guidance is around INR 800 crore in revenue due to project delays.
  • The management is confident of sustaining and possibly exceeding guidance, with historical growth: INR 87 crore (2022) to INR 400 crore, then to INR 800 crore.
  • Future order inflows are expected to pick up post-elections and project approvals, with large orders anticipated from March-April 2026 onwards.
  • The company expects a sustainable bottom line with PAT margins of around 10% and EBITDA margins above 15%, supported by backward integration and expansion of the PEB factory, expected to contribute positively from FY '27.
  • Working capital and cash flow management are aligned to support this growth without major challenges.

📈 Profitability & Margins

  • **Revenue Growth:** Targeting minimum 80% growth for FY '27, aiming around INR 1,450-1,500 crores revenue. Previous FY saw ~100% growth.
  • **PAT Margin:** Conservatively guided at 10% PAT margin for FY '27, with potential to improve due to operational efficiencies.
  • **EBITDA Margin:** Expected to be 15%+ EBITDA margin in FY '27.
  • **Earnings per share (EPS):** For 9 months FY '26, EPS stood at Rs. 17.63, reflecting strong growth; further growth anticipated alongside revenue and profit expansion.
  • **Backward Integration Impact:** Launch of captive PEB factory production from Sept '26 expected to improve bottom line by at least 1% and likely EBITDA margin marginally.
  • **Sustainability:** Focus on maintaining growth with improved operational discipline, one-stop turnkey solutions, and stronger client relationships to support earnings expansion.

🏗️ Capital Expenditure Plans

  • Sathlokhar Synergys E&C Global Limited is setting up a new Pre-Engineered Building (PEB) factory with a capacity of 15,000 metric tons, expected to inaugurate by August 30, 2026, and start production from September 2026.
  • Plans to expand manufacturing presence with multiple factories across India, including earmarked locations such as Pune, Odisha, and Varanasi, targeting 5 to 6 PEB factories nationwide.
  • These factories aim to support internal captive consumption primarily, with potential third-party sales based on availability.
  • The PEB factory investment is part of the backward integration strategy to improve operating margins by at least 1% from FY 2027 onward.
  • The company is also focusing on becoming a one-stop turnkey EPC solution provider, encompassing design, licensing, civil, PEB, MEP, and other utilities, reflecting strategic vertical integration.
  • No explicit mention of additional capital expenditure beyond the PEB factories and associated expansions in the transcript.

💰 Fundraising & Capital Structure

  • The company has increased debt significantly this year, from INR 40 crore to INR 150 crore, primarily to support working capital needs for scaling up operations amid a growth from INR 400 crore to INR 1,400 crore worth of orders.
  • The current total debt includes INR 50 crore from Union Bank.
  • The company was debt-free until FY 2022-23 and initially funded growth using IPO proceeds.
  • They plan to manage working capital primarily through client funds and internal accruals, supplemented by bank guarantees as needed.
  • There is no explicit mention of upcoming equity fundraising in the transcript.
  • The management is focused on organic growth and efficient working capital management rather than raising new equity.
  • Future funding plans seem to be targeted toward maintaining growth via debt and internal cash flows rather than fresh equity issuance.

📋 Order Book & Pipeline

  • Current confirmed order book: INR 1,397 crore (includes INR 439 crore already billed/revenue recognized).
  • Out of INR 1,397 crore, INR 1,050 crore worth of works are currently under execution.
  • Around INR 350 crore of orders are yet to be executed (pending).
  • Unbilled revenue as of December: INR 137 crore.
  • Expect fresh orders starting March 2026, with positive order inflows anticipated in Q1 FY'27.
  • Pipeline of projects around INR 16,000 crore remains active, with large project outcomes expected to convert into orders from March-April onwards.
  • Management is confident about achieving minimum 80%-100% growth in order bookings next year.
  • Typical annual pattern shows strong order inflows in Q1 (April-June) as companies finalize approvals and contracts.

Key Metrics

Frequently Asked Questions

What were Sathlokhar Synergys E&C Global Ltd Q3 FY26 results?

The company targets a minimum of 80% growth in revenue for the next financial year (FY '27), aiming for around INR 1,450 crore to INR 1,500 crore. Revenue Growth:** Targeting minimum 80% growth for FY '27, aiming around INR 1,450-1,500 crores revenue.

What is Sathlokhar Synergys E&C Global Ltd share price analysis?

Sathlokhar Synergys E&C Global Ltd currently shows a neutral. The stock trades at a P/E of 9.0 with a market cap of ₹924 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sathlokhar Synergys E&C Global Ltd planning capital expenditure?

Sathlokhar Synergys E&C Global Limited is setting up a new Pre-Engineered Building (PEB) factory with a capacity of 15,000 metric tons, expected to inaugurate by August 30, 2026, and start production from September 2026.

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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.

What Sathlokhar Synergys E&C Global Ltd's management said in earlier quarters

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