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Earnings Call

Oval Projects Engineering Earnings Call: Key Takeaways

Oval Projects Engineering reported FY26 revenue of ₹153.14 Cr with a 14.81 Cr PAT, driven by a 90% PSU revenue share and dominance in East India energy infrastructure.

Why this was an Alfa AlertManagement guides for >50% YoY revenue growth in Phase 2 (targeting ₹350Cr-500Cr from ₹153Cr base), representing a ~128% to 226% single-step jump.
Highlights
Revenue growth50% YoY in FY26; targeting ₹350-500Cr next phase.
MarginsEBITDA margin improved from 13.74% (FY24) to 18.44% (FY26).
Order book₹780+ Cr as of May 2025; ~5.0x FY26 revenue coverage.
Demand visibilityStrong; ₹5.7 lakh crore national sector project pipeline.
Management confidenceHigh; leveraging 12+ years expertise and 70% repeat order rate.

Growth

Revenue grew 50% YoY (FY26); EBITDA and PAT grew 54% and 59% respectively. 3-year PAT CAGR stands at 50.21%.

Outlook

Targeting ₹1,000 Cr+ revenue by FY30. Phase 2 (FY26-28) guides for ₹350–500 Cr revenue with 19-22% EBITDA margins.

Risks

High concentration in PSU contracts (90%), geographical concentration in NER, and project execution risks in challenging terrains.

Source

Earnings Call filed with BSE, BSE: 544498. Summary written with AI assistance from the document.

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Oval Projects Engineering Ltd: key numbers

Share price
₹47.00
Market cap
₹97.62 Cr
Revenue (annual)
₹149.9 Cr
Net profit (annual)
₹13.72 Cr
P/E (TTM)
7.1×Sector 33.0×
Promoter holding
53.12%
FII holding
0.82%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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