Rulkaelectricals earnings calls.

Rulka Electricals delivered a strong FY26 with 38.2% revenue growthCurrent reported value: 38.2% revenue growth. No comparable prior figure is available in the source record. to ₹110Current reported value: 110. No comparable prior figure is available in the source record. crore and 45.8% PAT growthCurrent reported value: 45.8% PAT growth. No comparable prior figure is available in the source record. to ₹3.29Current reported value: 3.29. No comparable prior figure is available in the source record. crore, driven by higher execution across electrical and firefighting projects. The balance sheet saw significant improvement—debt reduced 45% to ₹4.80 crore while operating cash flow turned positive at ₹6.12 crore versus negative ₹15.04 crore in FY25. Working capital efficiency improved with cash conversion cycle compressed by 46 days to 97 days. The order book stands at ₹144 crore with fresh inflows of ₹138 crore, providing near-term revenue visibility. Strategic expansion into EHV transmission (220KV project for Maharashtra Transcore), solar EPC, and airport infrastructure (Mumbai and Lucknow airports) positions the company for larger project sizes (₹50-70 crore each). Management targets 13-14% EBITDA margins going forward and plans a ₹90 crore fundraise to support big-ticket government projects. Key risks include geopolitical supply chain disruptions affecting raw material costs and execution challenges in scaling new verticals. The 65%Current 65%. Reported change: +15pp YoY est.. revenue contribution from repeat clients provides some earnings predictability, though FY24-25 civil project losses still weigh on investor sentiment.