CEIGALLINDIA / Q4-FY26 / claim-ledger

Audit the questions that mattered.

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

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PositiveQ4-FY26 · 2026-05-06Back to quarter ↗

Questions audited

12

Answered directly

42%

Numeric claims

2

Consistency

contradicted

Question ledger

What was answered, and how?

Web Sha · JM Financial

partial

Pipeline in domestic and international markets and target for international business in 1-3 years.

So right now we have quoted tenders which are under uh valuation is about 14,000 cr and international um only one tender was there that was in Dubai and one tender in EU. uh shoa was about 250 million dhams and um uh in you it was close to about 13,000 cr u which is again under vation which is in Romania.

Web Sha · JM Financial

partial

Equity investment target and timeline for highway and non-highway businesses.

So next 3 years we have to put close to 2,000 cr 1937 cr after IPO we have put more than 400 cr and uh we as I said we have already sold three assets to uh NEO in which first asset we are expecting it should get executed in this month only.

Web Sha · JM Financial

evasive

Revenue guidance of 15% seems low given strong order book; what is internal target?

So good question. So you know I we a little conservative with the number is and that's the reason you would have seen me every time I remain between 10 to 15% this time I've said it's 15% minimum. So we we we we are looking forward to good uh results.

Tpal Singh · Man Capital

evasive

Bidding pipeline aggressive but guidance low; why the disconnect?

So you know uh if you see our last investor was also pretty conservative is giving a guidance of between 10 to 15% and we have already achieved it. So this time also we have given a guidance of minimum 15%. So just to be on a conservative side we say that we will achieve 15% easily.

Tpal Singh · Man Capital

partial

How will you manage receivables and working capital given huge order book?

So good question. Um you know I mean when this war happened um our um department which is M has come up with the notification. They've come up with three different notifications now and they've eased out our billing plan. Earlier we used to achieve the milestone and get the payment. With this we can get a monthly payment also and with that it'll ease out our cash flow also.

Tpal Singh · Man Capital

evasive

Which segments have margin negative impact in order book?

No no so so we always guide on a conservative way. So our guidance towards the investor would be between 11 to 12.5%. Plus other income which will come from you know selling these assets like we sold it to NEO or some bonus or some money earned from FDR or some royalties.

Ishita Loda · Swan Investments

direct

In which quarter will the 400 cr from NEO come and will it be in standalone books?

So um uh this uh what do you call the first project which is about sadu we're expecting in this month so that is that will come in this quarter. Patenda Dwali we are expecting in second quarter and jala shabas we're expecting in third quarter. So every quarter we get a intro coming.

Ishita Loda · Swan Investments

partial

Why did trade payables jump from 79 to 138 days?

Yeah. So basically if you look at the March only so whatever we have build that that that payments are released by the department in April same way. So the payments which are to be made to the ctors those are linked to the receivables only. So accordingly the payment has been made in the month of April to the citors as well.

Mahesh Patil · ICS Securities

partial

Is Q4 margin increase due to one-offs or sustainable? Any RM cost inflation?

So last year last year if you look at we have started four ham pullets which has majorly contributed in the PAT margins and uh obviously the increase in the turnover is also one of the reasons uh for increasing the pat overall pat of the company.

Matrica · Sapphire Capital

evasive

Why are EBITDA margins declining over past 3 years and guidance lower for FY27?

So ma'am if you look if you look at the previous year so there was a re uh income from bonus and royalty as well. So you must be comparing uh considering the bonus and royalty income as well. So our beta from uh pure operations is in the range of 112.5 which we are consistently maintaining since last three years.

Modi Bandari · Capital

direct

Have solar and BESS projects started execution? Land acquisition status?

So good question. Solar Maharashtra is already started where we've already done a need for more than 50 megawatt uh uh project and we expecting to get in this month more than 75 megawatt and project have already started uh land development fencing uh piling is already started we are expecting to give you good results in next uh 3 months.

Modi Bandari · Capital

partial

How is NHI order awarding in terms of timelines and competition?

So you know we are in a higher sector where we are building projects more than 2,000 cr majority of them and we have already got one 2160 cr project and a 600 cr project of zakur bibas so we have a notch above there and better because of the higher network as a group we have a very good network and as a listed company this is on a better side.