Tembo Global Industries Ltd

Q1 FY27

Tembo Global Industries Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹58

Market cap₹1.1K Cr

P/E10.6

Updated28 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

4 of 4 strong

RevenueRank 2

MarginRank 1

CapexYes

Order bookYes

Not discussed on this call: fundraise.

The short version

FY28 revenue guidance will be provided in due course, with a positive growth outlook based on past CAGR and current performance. Tembo targets a revenue guidance of INR 1,600 crores for FY27, backed by a healthy order book of INR 1,500 crores and a pipeline of INR 2,400+ crores.

From Tembo Global Industries Ltd's Q1 FY27 earnings-call transcript · updated 28 Aug 2026.

Revenue & Sales Performance

Rank 2

FY28 revenue guidance will be provided in due course, with a positive growth outlook based on past CAGR and current performance.
INR 1,600 crores revenue target for FY27, driven by Engineering & EPC, solar, defense, and aerospace segments.
Defense revenue expected at INR 300-350 crores from ammunition and INR 100 crores from aerospace by FY28.
Solar projects anticipated to initiate commercial operations within FY27, adding stable recurring revenue.
Current order book stands at INR 1,500 crores with a bidding pipeline over INR 2,400 crores.
Vasai facility utilization to increase from 35-40% currently to 65-70% by FY27-end, with peak utilization targeted within 1.5-2 years.
Overall, sustained growth expected across key verticals supported by expanding manufacturing capacity, strong order pipeline, and strategic defense/aerospace initiatives.

Profitability & Margins

Tembo targets a revenue guidance of INR 1,600 crores for FY27, backed by a healthy order book of INR 1,500 crores and a pipeline of INR 2,400+ crores.
Engineering and EPC segment is the primary growth driver, with a 172.7% YoY growth and improved margins.
EBITDA margins expected to be around 16-18% at the company level.
Defense vertical aims for INR 300-350 crores revenue by FY28 with 45%-50% EBITDA margins and 30%-35% PAT margins.
Aerospace division targets INR 100 crores revenue by FY28 at approximately 45%-50% EBITDA margin.
Solar business IRR expected at 15-16% with stable recurring cash flows; commercial operations to commence during FY27.
Vasai facility capacity utilization expected to reach 65-70% by FY27-end and peak utilization within 1.5-2 years.
Profit after tax grew 55.3% YoY to INR 31.2 crores in Q1 FY27 with PAT margin improving to 10.3%.

See what Tembo Global Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Tembo Global is investing strategically in manufacturing capacity, EPC execution capabilities, solar projects, defense infrastructure, and aerospace initiatives to support expansion.
The company acquired land in Amravati for developing a defense manufacturing facility with construction planning underway.
Commercial production at Amravati defense facility is expected to start by Q4 FY27.
A new aerospace joint venture with JR UAV Europe Italy and JR PROPO Japan is set to begin UAV component manufacturing at the Vasai facility starting Q3 FY27.
Solar projects are advancing steadily, with several sites operational and others slated for commissioning in Q2 FY27.
Defense business CAPEX for the first phase is around INR 550 crores, including INR 200-250 crores of debt.
The Vasai manufacturing facility expanded to 1 lakh metric tons capacity, targeting 65-70% utilization by FY27-end and peak within 1.5-2 years.
Additional facility expansion planned for defense and UAV production beyond Vasai and Amravati as needed.

Fundraising & Capital Structure

Currently, no definite decision on new fundraising; it is a strategic decision to be made after management discussion.
Shabbir Merchant stated that any future fundraising will be notified to the exchange as required.
Defense expansion requires additional borrowing: around INR 200-250 crores of debt planned in the first phase out of a total INR 550 crores investment.
Current consolidated debt is around INR 400 crores, including solar-related debt (~INR 350 crores).
No additional debt required for solar business beyond the existing INR 350 crores.
Future funding needs for defense and other growth plans, including possible equity and internal accruals, are under consideration.
No explicit mention of equity fundraising; focus is on strategic timing and necessity before any new fundraising.

See what Tembo Global Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

Current order book stands at approximately INR 1,500 crores.
The pipeline of projects being bid on is around INR 2,400 crores plus.
The order book and pipeline are dynamic, with ongoing bids and new orders expected each quarter.
The company aims for continuous growth in order inflow to support its ambitious expansion plans.

Tembo Global Industries Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹346 Cr, net profit ₹30 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Tembo Global Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Tembo Global Industries Ltd Q1 FY27 results?

What is Tembo Global Industries Ltd share price analysis?

Tembo Global Industries Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 10.6 with a market cap of ₹1,081 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tembo Global Industries Ltd planning capital expenditure?

Tembo Global is investing strategically in manufacturing capacity, EPC execution capabilities, solar projects, defense infrastructure, and aerospace initiatives to support expansion.

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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.