ARIS / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Arisinfra Solutions · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-15Back to quarter ↗

Questions audited

Answered directly

92%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Deepak Bodar · Safire Capital

direct

How should we view the revenue mix going ahead?

the contract manufacturing segment now contributes to 48% of the revenue... we expect that as the utilization improves going further the revenue contribution will increase

Deepak Bodar · Safire Capital

direct

Is the ~11% EBITDA margin sustainable?

Yes. We do believe so because the improvement is structural... margins are improving due to mix and execution not temporary pricing or one-offs.

Deepak Bodar · Safire Capital

evasive

What levers can drive EBITDA margin beyond 11%?

at the moment we are happy with how the model is turning out... the focus is going to be on improving this mix focusing on capital efficiency

Deepak Bodar · Safire Capital

direct

Are you on track for 40% YoY growth guidance?

Yes we are absolutely on track for the guidance that we have given which is 40% year-on-year growth.

Deepak Bodar · Safire Capital

direct

What is the traction and visibility for Q4?

quarter 4 is usually the strongest... we have real good visibility on the demand not just this quarter but for the next three to four quarters

Deepak Bodar · Safire Capital

direct

How are you expanding supply-side contracts with mills?

we currently have about 9 million metric tons of capacity... recently we also made an announcement of entering a new segment which is called asphalt

Deepak Bodar · Safire Capital

direct

What is the potential revenue opportunity from asphalt?

we are projecting revenue in the north of 80 to 100 crores in the next 12 to 18 months.

Deepak Bodar · Safire Capital

direct

Are asphalt margins in line with company margins?

it will be in line with the company level margins and that is why we are confident of sustaining these margins

Koshal Sharma · Equinox Capital

direct

What are current receivables and borrowings?

the current receivable number is approximately 385 crores and above 6 months the number is close to about 50 to 55 crores... current borrowings are in the range of around 40 crores

Koshal Sharma · Equinox Capital

direct

How will you fund incremental working capital for growth?

this is not locked up capital... it's back in the system... we have a healthy cash balance of more than 150 crores... we still have around 30 to 40% room to grow in the existing deposits itself

Koshal Sharma · Equinox Capital

direct

What is current contract manufacturing capacity and utilization?

the current capacity is about 9 million metric tons... as of quarter 3 now, we are at a utilization of 55% plus.

Kapil Auja · Equinox Capital

direct

What is the status of the 55 cr receivables above 6 months?

the six month receivables as a percent of total revenue close to total receivables is just about 12 to 14%... we expect this number to come down to about 30 to 35 crores by March