Telge Projects Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹198 Cr
- P/E
- 25.91
- ROE
- 22.00%
- Price to sales
- 4.06
- Debt to equity
- 0.18
- 52W high / low
- ₹278 / ₹90.3
- EBITDA margin
- 24.48%
- Net profit margin
- 15.42%
- Promoter holding
- 72.16%
- Sales (last year)
- ₹49 Cr
Incorporated on January 16, 2018, Telge Projects Ltd is engaged in a comprehensive range of engineering design services.[1]
Guidance scorecard · Q4 FY26 call
What Telge Projects Ltd's management guided
and where it ranks in Construction
Construction
RevenueQ4 FY26 call
40%+- Telge Projects targets a medium-term CAGR growth of 60% to 70% in revenues for FY2026-27 and beyond.
- The company expects order book and project pipelines to grow steadily with Rs. 25 crore active order book and Rs. 6 crore pipeline in bidding stage.
- Focus on acquiring bigger projects, increasing project ticket size from Rs. 2-3 crore to Rs. 8-10 crore.
- Growth driven by both organic expansion (including new regions Nashik, Latur) and inorganic acquisitions (recently acquired Edward Farr Architects and others).
- Emphasis on cross-selling services acquired from recent acquisitions to expand client base.
- Expansion beyond structural services to architectural and MEP design services to increase service portfolio and revenues.
2 more points from Telge Projects Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Telge Projects Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Telge Projects Limited is investing deeply in capabilities including people, capacity, technology utilization, and competencies across fields.
- A provision of Rs. 5 crores has been made specifically for acquisitions, indicating strategic investment in growth.
- No new debt is currently planned for acquisitions; alternative funding options other than debt are being considered.
- No immediate equity dilution or rights issue is planned for this year.
- There are ongoing efforts to integrate AI and automation tools (e.g., Claude by Anthropic, Tekla, SDS2, Revit) customized to client needs, reflecting capital allocation in technology.
- Expansion of offices, such as the Nashik office becoming operational, supports future scalability and capacity enhancement.
2 more points from Telge Projects Ltd's call on capex
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FundraisingQ4 FY26 call
None plannedSee what Telge Projects Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current active order book stands at approximately Rs. 25 crores across structural and architectural business segments.
- Of this Rs. 25 crores, around Rs. 10 crores is from the newly acquired architectural business (Edward Farr).
- Approximately 80% of the order book is from the US region.
- The company has a pipeline of around Rs. 6 crores currently in the bidding (RFQ) stage, expected to convert within 2 weeks to a month.
- The order book is expected to keep building throughout the year, with monthly additions of Rs. 4-5 crores.
2 more points from Telge Projects 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 Construction
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
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingFinancials of Telge Projects Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Telge Projects Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 5.30 | 12.65 | 8.25 | 9.08 | 14.39 |
| Expenses + | 4.56 | 6.63 | 6.47 | 7.99 | 9.50 |
| Operating Profit | 0.74 | 6.02 | 1.78 | 1.09 | 4.89 |
| OPM % | 13.96% | 47.59% | 21.58% | 12.00% | 33.98% |
| Other Income + | 0.06 | 0.48 | 0.00 | 0.42 | 0.11 |
| Interest | 0.24 | 0.73 | 0.73 | 0.26 | 0.26 |
| Depreciation | 0.11 | 0.24 | 0.17 | 0.17 | 0.27 |
| Profit before tax | 0.45 | 5.53 | 0.88 | 1.08 | 4.47 |
| Tax % | 48.89% | 23.15% | 19.32% | 23.15% | 21.48% |
| Net Profit + | 0.22 | 4.26 | 0.71 | 0.83 | 3.51 |
| EPS in Rs | 2.14 | 39.69 | 0.73 | 0.82 | 3.36 |
Financials of Telge Projects Ltd
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Sales + | 12.37 | 25.08 | 40.21 |
| Expenses + | 8.48 | 16.75 | 31.19 |
| Operating Profit | 3.89 | 8.33 | 9.02 |
| OPM % | 31.45% | 33.21% | 22.43% |
| Other Income + | 0.09 | 0.57 | 0.53 |
| Interest | 0.19 | 1.34 | 0.81 |
| Depreciation | 0.19 | 0.45 | 0.77 |
| Profit before tax | 3.60 | 7.11 | 7.97 |
| Tax % | 26.39% | 24.33% | 21.33% |
| Net Profit + | 2.66 | 5.38 | 6.27 |
| EPS in Rs | 26.00 | 50.68 | 6.07 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
Financials of Telge Projects Ltd
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 1.00 | 1.03 | 9.79 |
| Reserves | 3.66 | 10.31 | 32.07 |
| Borrowings + | 2.76 | 9.38 | 9.45 |
| Other Liabilities + | 2.95 | 4.84 | 9.40 |
| Total Liabilities | 10.37 | 25.56 | 60.71 |
| Fixed Assets + | 4.87 | 14.15 | 15.52 |
| CWIP | 0.00 | 0.03 | 1.29 |
| Investments | 0.00 | 0.00 | 0.00 |
| Other Assets + | 5.50 | 11.38 | 43.90 |
| Total Assets | 10.37 | 25.56 | 60.71 |
Financials of Telge Projects Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | 3.10 | 3.30 | 0.80 |
| Cash from Investing Activity + | -3.44 | -9.32 | -2.95 |
| Cash from Financing Activity + | 0.33 | 7.05 | 23.13 |
| Net Cash Flow | -0.02 | 1.04 | 20.97 |
| Free Cash Flow | 2.86 | -3.50 | -2.64 |
| CFO/OP | 85% | 60% | 31% |
Financials of Telge Projects Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 86.75 | 73.06 | 108.20 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 86.75 | 73.06 | 108.20 |
| Working Capital Days | 19.77 | 32.16 | 87.14 |
| ROCE % | 55.40% | 23.85% |
Guidance history
How Telge Projects Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | None planned | Rising |
| Q2 FY26 call → | 40%+ | Up 2%+ | Planned | None planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Telge Projects Ltd's management said in earlier quarters
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