ALFA Finder| Revenue growth | 50% YoY in FY26; targeting ₹350-500Cr next phase. |
|---|---|
| Margins | EBITDA margin improved from 13.74% (FY24) to 18.44% (FY26). |
| Order book | ₹780+ Cr as of May 2025; ~5.0x FY26 revenue coverage. |
| Demand visibility | Strong; ₹5.7 lakh crore national sector project pipeline. |
| Management confidence | High; 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.
Earnings Call filed with BSE, BSE: 544498. Summary written with AI assistance from the document.
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 33.5×
- Promoter holding
- 53.14%
- FII holding
- 0.82%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Oval Projects Engineering Ltd
All →Oval Projects Engineering Earnings Call Transcript: Key Takeaways
H1 FY27 revenue rose 16% to ₹70.72 Cr, but PAT fell 1.7% on higher finance costs and WIP timing. Operating cash flow stayed negative at -5.69. Growth funding relies on planned but unsecured debt or JV capital.
Oval Projects Engineering Merger & Restructuring Worth ₹0.03 Cr
Oval Projects will form a 50:50 joint venture, Oval Eiko Resources, with Eiko Scientific Solutions LLP for biogas. Cash consideration is Rs.0.03 Crore; incorporation is pending.
- Value
- ₹0.03 Cr
Oval Projects Engineering Merger & Restructuring
Oval Projects Engineering will form a 50:50 joint venture with Eiko Scientific Solutions LLP for renewable energy. The board also deferred a warrant fundraise to a later meeting.
Oval Projects Engineering Results Update
Oval Projects Engineering Ltd reported a 16.01% YoY revenue growth to ₹70.72 Crore for H1 FY27. EBITDA rose 10.29% to ₹13.60 Crore despite a slight PAT decline.
Oval Projects Engineering Other Announcement
Oval Projects Engineering Limited has re-appointed Mr. Krishna Kumar Singh as the Secretarial Auditor of the company. The decision was finalized during the board meeting held on April 11, 2026.
Oval Projects Engineering Financial Results
Oval Projects approved half-year results and deferred its warrant issue. It also approved forming a joint venture with EIKO Scientific Solutions LLP.