Data Patterns (India) Limited — Q4 FY26
Data Patterns delivered a strong FY26 with revenue of ₹925 crore (up 31% YoY) and EBITDA of ₹371 crore (up 35% YoY), exceeding guidance.
bullish
high
Financial stats pending filing verification
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
45%Questions answered5Evaded / deflected10Questions auditedContradictedNumbers vs filing
Evasive
High priority
What drove strong EBITDA margins and what margins to expect from order book?
Asked by Deepen Wakil, Philip Capital
Management explained past margin variation but declined to give forward margin guidance, citing business cycle.
no specific product mix givenrefused margin guidanceattributed to business cycle
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Question
So you have told us that you had great EBITDA margins. So can you help us understand as to what is the which product mix led to such strong EBITDA margins and out of those order books what kind of EBITDA margins can we expect going ahead.
Management (unidentified)
the margins for Q2 was much lesser because... we take some contracts with lower margin consciously to ensure that we build a capability... you can't give a direct guidance on contract to contract how it will go in terms of EBITDA margin because this is the overall business cycle...
Answered
High priority
Timeline for finalization of ~1,000 cr negotiated orders?
Asked by Deepen Wakil, Philip Capital
Management gave a clear timeline of 1-2 months for the negotiated orders.
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Question
So any timeline on that as to when we can expect finalization of those 1,000 cr where negotiations are completed.
Management (unidentified)
I think in the next one to two months time we should expect the contracts to happen. Unless of course there is some... government customers so I can't predict for them but our feeling is that it should happen in the next one to two months time.
Evasive
Medium priority
Proportion of production orders in expected inflows?
Asked by Deepen Wakil, Philip Capital
Management refused to quantify the production order proportion, citing lack of exact mix.
no exact ratio givendeferred to vague categories
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Question
out of those 2,000 cr or maybe 1,000 cr what how much will be the quantum of the production orders?
Management (unidentified)
I can't give you exact ratio now... if you get the repeat order of 1,900 crores that will all be production orders... I don't have the exact mix on percentages...
Answered
High priority
Traction with global OEMs and timeline for BrahMos seeker order?
Asked by Rashika, Goldman Sachs
Management provided specific timelines for both global OEM contracts and BrahMos seeker production orders.
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Question
I wanted to understand what's the traction around that and if we have anything apart from UK. Secondly, when can we expect to get the order for BrahMos Seeker?
Management (unidentified)
a number of them have started visiting us... I think in the next two three months time or four months time we should start getting some contracts from these global OEMs... regarding BrahMos seekers... in the next four five months time the production orders would start coming in.
Answered
High priority
Mix of services vs products in negotiated orders?
Asked by Hardik, Capital (unclear)
Management gave a clear split: ~100 cr services, rest products.
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Question
when you talk about the negotiated orders could you give us an indication as to what part of this would pertain to services or and what part would pertain to products?
Management (unidentified)
I think about on this thousand odd crores which I have sped maybe 100 crores will be on services but the rest is on product delivery.
Evasive
Medium priority
Execution cycle for expected 1,500 cr product order book?
Asked by Hardik, Capital (unclear)
Management did not provide execution cycle details, instead reiterated revenue growth guidance.
no execution cycle breakdowndeferred to revenue guidance
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Question
What do you expect the execution cycle to be on the 1500 crores of orders that you'll be sitting at in a month or two?
Management (unidentified)
That varies from contract to contract... we have projected about 20% revenue growth we won't have a problem on those things... we don't have the exact timing we have only projected this 20-25% growth.
Evasive
Medium priority
Will ending order book be 3,500-4,000 cr?
Asked by Unnamed (from PNB), PNB
Management refused to confirm the order book estimate, citing early stage.
declined to confirmdeferred to year-end
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Question
would it be correct to assume that you'll be ending the year with around 3,500 to 4,000 crores of order book?
Management (unidentified)
No, we will also be executing contracts... I think it's a bit early for that. We will come towards the year end before we give you the numbers.
Partial answer
Medium priority
Expected cash flow from operations in FY27 and beyond?
Asked by Akshai, AK Investment
Management provided a range for cash conversion cycle but did not quantify expected cash flow.
no cash flow number givenonly gave conversion cycle range
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Question
how much cash flow from operations are we expecting to generate in FY27 and going forward for the next two to three years?
CFO (unidentified)
The cash conversion cycle today is at 365 days. We expect it to settle down at 320 to 340 days going forward... it's very early to calculate all that and come out with an answer.
Evasive
Low priority
Is the 107 cr Tejas order part of the negotiated 1,000 cr?
Asked by Pujen Sha, Molecule Ventures
Management claimed lack of awareness about the specific order and declined to comment.
denied knowledgerefused to comment
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Question
there is also one order of 107 cr for Tejas MK1A... is it possible that is the same order?
Management (unidentified)
These are not the Tejas one... we've not projected anything on last year for Tejas... I'm not aware of what you're talking about. So I won't be able to comment on it.
Evasive
Medium priority
Reason for Q4 execution falling behind last year?
Asked by Marvid Coyle, Sarin Alpha
Management dismissed the premise of poor execution and attributed any shortfall to customer timelines.
denied poor executionblamed customer requirements
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Question
if I look at the execution in Q4, it is falling behind Q4 last year... what is stopping us in executing those contracts?
Management (unidentified)
This is not a poor execution. Actually, execution is actually very good... execution has to be in line with customer requirements... there's no delay from our side.
Partial answer
Low priority
Execution cycle for IMD radar order and impact of services mix on receivables?
Asked by Shri Narayan Mishra, Baroda BNP Paribas
Management gave execution cycle but did not quantify impact on receivables, citing variability.
no specific receivable impactrefused to generalize
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Question
What would be the execution cycle for that order? And since services mix has increased, would that mean trade receivable days would improve?
Management (unidentified)
The requirement is between over 18 months... service orders represents our AMC revenue... it depends on the contract varies from contract to contract... I can't generalize.
Answered
Medium priority
Will high services mix pressure revenue growth?
Asked by Amed Sharma, Individual Investor
Management clarified services are only ~100 cr of negotiated orders, so no pressure on growth.
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Question
does that put a pressure for us in terms of our growth... would our growth maybe say 25% growth would that be a pressure point?
Management (unidentified)
90 crores I gave an approximately about 100 crores to the services the rest is product delivery so it will not affect our topline revenue growth... we believe it'll be substantially higher than the guidance number.
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| Revenue growth guidance of 20-25% for FY27 | 22.5% | 31% | Understated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.