Denta Water & Infra Solutions Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹592 Cr
- P/E
- 11.06
- ROE
- 13.33%
- PEG
- 2.27
- Price to sales
- 2.45
- Debt to equity
- 0.03
- 52W high / low
- ₹420 / ₹222
- Sales growth (5Y)
- 50.83%
- EBITDA margin
- 26.87%
- Net profit margin
- 23.10%
- Promoter holding
- 71.91%
- Sales (last year)
- ₹242 Cr
Incorporated in 2015, Denta Water and Infra Solutions Ltd is in the business of GWR (Water Management), Irrigation, O&M pertaining to water projects[1]
Guidance scorecard · Q4 FY26 call
What Denta Water & Infra Solutions Ltd's management guided
and where it ranks in Other Utilities
RevenueQ4 FY26 call
20–40%- The company anticipates around 20% growth in revenue for the current financial year (FY27).
- They expect a minimum of 20% increase in revenue, with optimism due to new government initiatives aggressively pushing infrastructure projects.
- The management aims to bid for new water sector projects and expects a healthy increase in the order book.
- Execution of orders is expected to improve, with around 60% of the Rs. 295 crore working capital investments targeted for realization in FY27.
- They are actively participating in 5-6 major tender bids valued around Rs. 600 crores.
- The company plans to maintain a balance between large and smaller projects to ensure steady revenue growth.
2 more points from Denta Water & Infra Solutions Ltd's call on revenue
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MarginsQ4 FY26 call
Down 0–2%See what Denta Water & Infra Solutions Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
- The company is investing in new projects, particularly focusing on water sector infrastructure, aiming to secure new tenders and bag orders worth around Rs. 600 crores in the pipeline.
- They are exploring advanced technologies such as NEBR and CAMUS-based STP plants aiming for 98% water purity and evaluating subcontracting opportunities.
- There is a plan to identify projects in biogas, including land for grass cultivation to support biogas fuel, with partnerships involving long-term contracts with companies like GAIL and BPCL.
- Expansion into states beyond Karnataka, such as Madhya Pradesh and Odisha, is underway, targeting National Water Management Program projects.
2 more points from Denta Water & Infra Solutions Ltd's call on capex
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FundraisingQ4 FY26 call
See what Denta Water & Infra Solutions Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Flat- As of March 2026, the order book stands at approximately Rs. 727 crores, reduced from Rs. 841 crores at the end of December 2025.
- The company is actively bidding for 5 to 6 new projects valued around Rs. 600 crores, mainly in the water sector.
- Management expects a healthy increase in the order book by the end of FY27, aiming to close the year with order book size potentially improving towards previous targets (~Rs. 1,000-1,200 crores).
- New government initiatives and aggressive infrastructure push are expected to aid order inflow.
- Pending orders primarily consist of government-led water infrastructure projects.
2 more points from Denta Water & Infra Solutions 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 | 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 Denta Water & Infra Solutions Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Denta Water & Infra Solutions Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 45.50 | 104.06 | 49.49 | 48.29 | 51.35 | 54.15 | 67.28 | 74.27 | 53.52 | 55.31 |
| Expenses + | 36.91 | 68.57 | 31.85 | 33.15 | 32.95 | 37.64 | 44.82 | 50.59 | 36.04 | 44.44 |
| Operating Profit | 8.59 | 35.49 | 17.64 | 15.14 | 18.40 | 16.51 | 22.46 | 23.68 | 17.48 | 10.87 |
| OPM % | 18.88% | 34.11% | 35.64% | 31.35% | 35.83% | 30.49% | 33.38% | 31.88% | 32.66% | 19.65% |
| Other Income + | 0.37 | 2.57 | 0.57 | 0.16 | 0.95 | 3.07 | 2.54 | 2.63 | 2.06 | 1.83 |
| Interest | 0.02 | 0.44 | 0.05 | 0.06 | 0.05 | 0.20 | 0.06 | 0.49 | 0.25 | 0.27 |
| Depreciation | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.15 | 0.14 | 0.14 | 0.13 |
| Profit before tax | 8.81 | 37.49 | 18.03 | 15.11 | 19.17 | 19.25 | 24.79 | 25.68 | 19.15 | 12.30 |
| Tax % | 24.86% | 27.18% | 27.07% | 26.80% | 21.96% | 28.73% | 25.17% | 26.29% | 25.59% | 26.02% |
| Net Profit + | 6.63 | 27.30 | 13.15 | 11.06 | 14.96 | 13.72 | 18.55 | 18.93 | 14.26 | 9.10 |
| EPS in Rs | 3.45 | 14.22 | 6.85 | 5.76 | 7.79 | 5.14 | 6.95 | 7.09 | 5.34 | 3.41 |
Financials of Denta Water & Infra Solutions Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 1 | 29 | 120 | 174 | 239 | 203 | 250 |
| Expenses + | 1 | 16 | 68 | 107 | 159 | 135 | 176 |
| Operating Profit | 0 | 13 | 52 | 67 | 79 | 68 | 74 |
| OPM % | 24% | 46% | 43% | 38% | 33% | 34% | 30% |
| Other Income + | 0 | 0 | 0 | 1 | 3 | 5 | 9 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 13 | 52 | 68 | 81 | 72 | 82 |
| Tax % | 5% | 26% | 26% | 27% | 26% | 26% | 26% |
| Net Profit + | 0 | 10 | 38 | 50 | 60 | 53 | 61 |
| EPS in Rs | 0.35 | 20.56 | 79.88 | 103.85 | 31.49 | 19.81 | 22.79 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Denta Water & Infra Solutions Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 19 | 27 | 27 |
| Reserves | 0 | 11 | 50 | 99 | 145 | 382 | 432 |
| Borrowings + | 1 | 0 | 0 | 1 | 1 | 1 | 12 |
| Other Liabilities + | 1 | 26 | 6 | 18 | 55 | 20 | 13 |
| Total Liabilities | 7 | 42 | 61 | 124 | 220 | 429 | 484 |
| Fixed Assets + | 6 | 6 | 10 | 24 | 25 | 24 | 24 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 7 | 7 | 2 | 71 |
| Other Assets + | 1 | 37 | 51 | 93 | 188 | 403 | 388 |
| Total Assets | 7 | 42 | 61 | 124 | 220 | 429 | 484 |
Financials of Denta Water & Infra Solutions Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 26 | -8 | 52 | 27 | -72 | -34 |
| Cash from Investing Activity + | -0 | -0 | -4 | -30 | 0 | 18 | -74 |
| Cash from Financing Activity + | -0 | -0 | -0 | 1 | -1 | 191 | -0 |
| Net Cash Flow | 0 | 25 | -12 | 23 | 26 | 137 | -108 |
| Free Cash Flow | 1 | 26 | -12 | 37 | 27 | -72 | -35 |
| CFO/OP | 208% | 218% | 13% | 104% | 54% | -66% | -26% |
Financials of Denta Water & Infra Solutions Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 46 | 41 | 48 | 39 | 154 | 73 |
| Inventory Days | 23 | 115 | 1,306 | 268 | |||
| Days Payable | 34 | 66 | 246 | 10 | |||
| Cash Conversion Cycle | 24 | 46 | 41 | 37 | 88 | 1,214 | 331 |
| Working Capital Days | -83 | -196 | 93 | 49 | 87 | 322 | 380 |
| ROCE % | 122% | 147% | 85% | 60% | 25% | 19% |
Guidance history
How Denta Water & Infra Solutions Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Down 0–2% | — | — | Flat |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | Flat |
| Q2 FY26 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q1 FY26 call → | 20–40% | Flat | — | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
6 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −45.2% | 8% |
| Last 6 months | −20.8% | 20% |
| Last 3 months | −37.4% | 2% |
The price is 52.5% below its all-time high of ₹467.65 (6 Oct 2025). Stocks more than 20% below their peak have their score halved, so 11 became 6.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Denta Water & Infra Solutions Ltd: 0.4 × 8 + 0.4 × 20 + 0.2 × 2 = 11, halved to 6 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Denta Water & Infra Solutions Ltd's management said in earlier quarters
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