Apex Ecotech Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹347 Cr
- P/E
- 20.41
- ROE
- 31.09%
- PEG
- 0.31
- Price to sales
- 2.33
- Debt to equity
- 0.02
- 52W high / low
- ₹290 / ₹105
- Sales growth (5Y)
- 66.26%
- EBITDA margin
- 14.72%
- Net profit margin
- 11.45%
- Promoter holding
- 69.31%
- Sales (last year)
- ₹149 Cr
Incorporated in 2009, Apex Ecotech Ltd specializes in turnkey water and wastewater treatment projects[1]
Guidance scorecard · Q4 FY26 call
What Apex Ecotech Ltd's management guided
and where it ranks in Other Utilities
Other Utilities
RevenueQ4 FY26 call
40%+- The company targets 30-40% overall growth going forward, aiming for topline expansion.
- Order book as of March 31, 2026, stood at over ₹125 crores, with the expectation to execute most within FY27.
- Multiple marquee large-ticket projects in the pipeline, providing strong revenue visibility.
- Expect increase in size and frequency of large projects, driven by growing industrial water demand and stricter environmental compliance.
- Planned strategic consolidation in the favor of growth and technology adoption to stay ahead of competitors.
- Continued focus on expanding technological capabilities and operational efficiencies to support growth.
2 more points from Apex Ecotech Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Apex Ecotech Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Currently, Apex Ecotech Limited holds around ₹35 crores in cash.
- Most of these funds are directed towards fixed deposits as collateral for non-fund based guarantees such as ABGs, retention bank guarantees, and PBGs.
- The company is in discussions with bankers to increase these limits to support upcoming projects.
- The focus remains on managing financial resources prudently to support growth and project execution rather than on immediate strategic capital investments or acquisitions.
FundraisingQ4 FY26 call
PlannedSee what Apex Ecotech Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current order book stands at approximately ₹125 crore, set to be executed within the financial year 2026-27.
- This ₹125 crore order book has nearly doubled compared to previous years (e.g., around ₹55-62 crore last year).
- Majority of these orders have gestation periods of 8-10 months.
- The company is well-placed with multiple marquee, large-ticket orders, ensuring a strong pipeline and revenue visibility.
- Further orders expected to be finalized in the next 3-4 months, expected to reflect in FY27 and FY28.
- The reduced order book compared to some prior presentations (e.g., ₹145 crore) is mainly due to order execution and billing timelines.
2 more points from Apex Ecotech Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Other Utilities
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Other Utilities companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹1,488 Cr | 10.8 | |
| 2 | 40%+ | Flat | ₹807 Cr | 56.3 | |
| 3 | 40%+ | Flat | ₹690 Cr | 18.7 | |
| 4 | Apex EcotechThis stock | 40%+ | Flat | ₹334 Cr | 19.6 |
| 5 | 40%+ | Flat | ₹94 Cr | 7.3 | |
| 6 | 20–40% | Flat | ₹3,521 Cr | 12.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Other Utilities rankingFinancials of Apex Ecotech Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Apex Ecotech Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Apex Ecotech Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 17 | 31 | 44 | 12 | 20 | 35 | 53 | 71 | 149 |
| Expenses + | 16 | 29 | 39 | 13 | 20 | 30 | 44 | 60 | 127 |
| Operating Profit | 2 | 2 | 5 | -1 | -0 | 4 | 9 | 11 | 22 |
| OPM % | 9% | 6% | 12% | -10% | -2% | 12% | 17% | 16% | 15% |
| Other Income + | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 4 | -2 | -1 | 4 | 9 | 11 | 23 |
| Tax % | 31% | 30% | 31% | -1% | 27% | 15% | 26% | 25% | 25% |
| Net Profit + | 0 | 1 | 3 | -2 | -1 | 4 | 7 | 9 | 17 |
| EPS in Rs | 4.60 | 7.99 | 29.23 | -18.06 | -7.22 | 38.53 | 68.45 | 6.49 | 12.91 |
| Dividend Payout % | 0% | 0% | 19% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Apex Ecotech Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.97 | 13 | 13 |
| Reserves | 2 | 3 | 5 | 3 | 3 | 6 | 14 | 33 | 50 |
| Borrowings + | 4 | 6 | 1 | 4 | 1 | 1 | 0 | 0 | 1 |
| Other Liabilities + | 9 | 9 | 11 | 5 | 5 | 10 | 10 | 13 | 25 |
| Total Liabilities | 17 | 19 | 19 | 14 | 10 | 18 | 26 | 60 | 89 |
| Fixed Assets + | 3 | 4 | 4 | 4 | 2 | 1 | 1 | 1 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 13 | 15 | 15 | 9 | 8 | 16 | 24 | 59 | 86 |
| Total Assets | 17 | 19 | 19 | 14 | 10 | 18 | 26 | 60 | 89 |
Financials of Apex Ecotech Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 5 | -1 | -0 | 3 | 7 | -14 | 7 | ||
| Cash from Investing Activity + | 0 | -1 | 3 | 0 | -0 | 0 | -15 | ||
| Cash from Financing Activity + | -6 | 2 | -3 | -1 | 1 | 23 | 1 | ||
| Net Cash Flow | -1 | 0 | -0 | 2 | 7 | 9 | -7 | ||
| Free Cash Flow | 5 | -2 | 3 | 3 | 7 | -14 | 5 | ||
| CFO/OP | 118% | 81% | 22% | 75% | 101% | -99% | 58% |
Financials of Apex Ecotech Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 102 | 62 | 68 | 138 | 65 | 74 | 60 | 114 | 41 |
| Inventory Days | 168 | 70 | 32 | 147 | 52 | 54 | 18 | 18 | 14 |
| Days Payable | 165 | 75 | 113 | 202 | 58 | 43 | 38 | 26 | 22 |
| Cash Conversion Cycle | 105 | 57 | -13 | 83 | 60 | 86 | 40 | 105 | 34 |
| Working Capital Days | 67 | 58 | 23 | 17 | 57 | 45 | 26 | 89 | 65 |
| ROCE % | 23% | 57% | -16% | -8% | 69% | 79% | 38% | 41% |
Guidance history
How Apex Ecotech Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | — | Rising |
| Q4 FY25 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Apex Ecotech Ltd's management said in earlier quarters
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