Order Book
₹841 Cr
+12% YoY
Order book as of Dec 31, 2025, up from ~₹750 Cr a year ago.
DENTAWATERANDINFRASOLUTI
Infrastructure
12 Feb 2026
Denta Water and Infra Solutions Ltd — Q3 FY26
Denta Water reported a mixed Q3 FY26 with 9M revenue of ₹195.07 crore (+30.8% YoY) and EBITDA of ₹70.85 crore (+34% YoY), but Q3 standalone revenue was flat at ₹53.52 crore, missing the earlier guidance of ₹300 crore for FY26.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Denta Water reported a mixed Q3 FY26 with 9M revenue of ₹195.07 crore (+30.8% YoY) and EBITDA of ₹70.85 crore (+34% YoY), but Q3 standalone revenue was flat at ₹53.52 crore, missing the earlier guidance of ₹300 crore for FY26. Management attributed the slowdown to project milestone timing and monsoon-related delays in Karnataka. The order book stands at ₹841 crore, providing 2-2.5 years of visibility. Guidance for FY27 is 30% revenue growth, down from earlier expectations. Key risks include continued execution delays, elevated working capital (90-120 day cycle), and failure to convert the ₹400 crore Karnataka mining rehabilitation orders. The company remains debt-free but faces credibility challenges after missing guidance.
Key Numbers
New Orders in Q3
₹160 Cr
N/A
Bagged 5 STP orders and 1 water supply project in Q3.
Working Capital Cycle
90-120 days
N/A
Management expects improvement in Q4 but remains elevated.
Bid Capacity (Individual)
₹150-200 Cr
N/A
Maximum project size the company can execute independently.
Management Guidance
FY27 revenue growth of 30%
Management expects 30% revenue growth in FY27 compared to FY26, driven by healthy order book.
Management guidance revenueQ4 FY26 revenue growth of 20% YoY
Expects Q4 FY26 revenue to grow 20% YoY, implying ~₹65 crore.
Management guidance revenueFY26 full-year revenue growth of 20-25%
Revised FY26 revenue growth guidance to 20-25% YoY, down from earlier 50%.
Management guidance revenueLong-term growth moderation to 15%
After 2-3 years, expects revenue growth to moderate to 15% due to base effect.
Management guidance growthKey Risks
Execution delays due to monsoon and government billing cycles
Q3 revenue was flat due to monsoon and delayed billing; similar seasonal risks persist.
high · management_commentaryElevated working capital and inventory
Working capital cycle of 90-120 days and high inventory (₹108 Cr) strain cash flows.
medium · analyst_questionFailure to convert ₹400 Cr Karnataka mining orders
Two large orders (₹400 Cr) are stuck in committee clearance; no timeline provided.
high · analyst_questionCredibility risk from missed guidance
Management reduced FY26 revenue guidance from 50% to 20-25% growth, disappointing investors.
medium · data_observationNotable Quotes
We had anticipated a revenue of 300 cr and we had anticipated that all our raw materials will be procured and we will be able to complete the project in good time...
Our order book is very healthy as on today we are having 8414.82 million of healthy order book.
We expect 30% increase in revenue when compared to 2526.
Frequently Asked Questions
What was Denta Water and's revenue in Q3 FY26?
Denta Water and reported revenue of ₹195 Cr in Q3 FY26, representing a +30.8% change compared to the same quarter last year.
What guidance did Denta Water and management give for FY27?
FY27 revenue growth of 30%: Management expects 30% revenue growth in FY27 compared to FY26, driven by healthy order book. Q4 FY26 revenue growth of 20% YoY: Expects Q4 FY26 revenue to grow 20% YoY, implying ~₹65 crore. FY26 full-year revenue growth of 20-25%: Revised FY26 revenue growth guidance to 20-25% YoY, down from earlier 50%. Long-term growth moderation to 15%: After 2-3 years, expects revenue growth to moderate to 15% due to base effect.
What are the key risks for Denta Water and in FY27?
Key risks include Execution delays due to monsoon and government billing cycles — Q3 revenue was flat due to monsoon and delayed billing; similar seasonal risks persist.; Elevated working capital and inventory — Working capital cycle of 90-120 days and high inventory (₹108 Cr) strain cash flows.; Failure to convert ₹400 Cr Karnataka mining orders — Two large orders (₹400 Cr) are stuck in committee clearance; no timeline provided.; Credibility risk from missed guidance — Management reduced FY26 revenue guidance from 50% to 20-25% growth, disappointing investors..
Did Denta Water and meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Denta Water and Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.