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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Fabtech Technologies Cleanrooms Ltd

Fabtech FY26 PAT grows 18.95% to ₹15.82 Cr; revenue crosses ₹200 Cr

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 29 Apr 2026, 09:03 PM IST  ·  BSE ID: 37884b73-cea0-4b18-8b52-2328058dd5e1
View Original BSE Filing (PDF)
💡
In Simple Terms
Fabtech's profits rose 18.95% and revenue jumped 46.9% in FY26 as the company entered new sectors like solar and data centres.
🤖 AI Summary
  • Consolidated PAT grows 18.95% to ₹15.82 Crore; revenue surges 46.9% to ₹221.72 Crore in FY26
  • Company crossed ₹200 Crore revenue milestone; entered data centres, solar, microelectronics sectors deliberately
  • Kelvin subsidiary (60.20% stake) contributed ₹64.53 Crore; AART associate topline doubled to ₹34.49 Crore
  • Order book ₹199+ Crore as of 31 March 2026; ₹68 crore solar project for Waaree executed
  • PAT margins compressed to 7.13% from 8.81% due to planned investments; management targets recovery in FY27
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Revenue FY26
₹221.72 Crore
46.9%
Consolidated PAT FY26
₹15.82 Crore
18.95%
Profit Before Tax FY26
₹19.95 Crore
17.14%
EBITDA FY26
₹23.16 Crore
28.27%
PAT Margin FY26
7.13%
Order Book (31 March 2026)
₹199+ Crore
Trade Receivables
₹87.79 Crore
Kelvin Subsidiary Revenue
₹64.53 Crore
Kelvin Stake Held
60.20%
AART Associate Revenue
₹34.49 Crore
Employee Benefit Expenses FY26
₹17.7 Crore
103%
Marketing & Sales Promotion
₹3.5 Crore
143%
Sundry Debtors Written Off
₹84 Lakhs
Waaree Solar Project Value
₹68 Crore
🏢 How This Affects the Company
📈
Business Impact
Revenue grew 46.9% to ₹221.72 Crore driven by consolidation of Kelvin subsidiary and organic sector expansion into solar, data centres, and microelectronics. Order book of ₹199+ Crore provides visibility for FY27 execution and larger project scale.
💰
Financial Impact
PAT increased 18.95% to ₹15.82 Crore; PBT rose 17.14% to ₹19.95 Crore. PAT margins compressed to 7.13% from 8.81% due to deliberate reference-building investments and sector expansion, not operational distress. Trade receivables increased to ₹87.79 Crore from ₹53 Crore in line with revenue scaling.
⚙️
Operational Impact
Employee benefit expenses nearly doubled to ₹17.7 Crore (103% increase) reflecting planned headcount additions in project management and engineering. Marketing spend rose 143% to ₹3.5 Crore for sector-specific exhibitions and market development. New manufacturing facility in Hyderabad and UAE subsidiary incorporated for geographic expansion.
⚠️
Risk Impact
Working capital intensity increased with trade receivables at ₹87.79 Crore; company is engaging banking partners for enhanced credit limits. Geopolitical supply chain disruptions in Q4 FY26 prompted proactive inventory build-up, temporarily elevating working capital outflows. ₹84 Lakhs sundry debtors written off pursuant to NCLT order.
👥 What This Means For Shareholders
✅
Action Required
No action required. Monitor FY27 results and order book execution updates to verify margin stabilisation and sustained growth trajectory.
👤
Who Is Affected
All shareholders benefit from absolute earnings growth of ₹15.82 Crore (vs ₹13.29 Crore prior year) and ecosystem consolidation driving consolidated revenue synergies. Margin compression impacts earnings yield in short term.
🔍
Management Signal
Deliberate investment in new sectors with lower margins signals confidence in long-term market opportunity and willingness to sacrifice short-term profitability for strategic positioning and reference credentials.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
FY27 Q1 results — verify if PAT margins stabilise above 8% and sustained revenue growth continues
Order book status update — track if new orders offset ₹199+ Crore base and maintain 30-40% growth target
Hyderabad facility commissioning — confirm operational status and contribution to execution capacity in FY27
MEDIUM RISK Working capital intensity increased significantly; trade receivables at ₹87.79 Crore require external credit support. Margin recovery in FY27 is dependent on input cost normalisation and reference conversion, introducing execution risk.
💡 Investor Takeaway
Fabtech delivered consolidated PAT growth of 18.95% to ₹15.82 Crore on revenue growth of 46.9% to ₹221.72 Crore in FY26. Margin compression to 7.13% from 8.81% was deliberate — driven by reference-building in solar, data centres, and microelectronics. With order book at ₹199+ Crore and supply chain normalising, management targets margin recovery in FY27.
⚖️ Strengths & Concerns

✅ Positives

  • Consolidated PAT grew 18.95% to ₹15.82 Crore and absolute earnings increased despite planned margin-dilutive investments in reference building.
  • Strong order book of ₹199+ Crore (as on 31 March 2026) and breakthrough ₹68 Crore solar project demonstrating capability for large-ticket orders.

⚠️ Concerns

  • PAT margins compressed 168 bps to 7.13% from 8.81% in FY25 due to sector-entry reference projects and supply chain volatility impacts.
  • Trade receivables increased 65.6% to ₹87.79 Crore, raising working capital requirements; company dependent on banking partners for credit enhancement.
📅 Company Track Record
Fabtech delivered FY26 consolidated PAT growth of 18.95% to ₹15.82 Crore on 46.9% revenue growth to ₹221.72 Crore. Prior period (FY25) showed consolidated PAT of ₹13.29 Crore. Recent filing from 28 April 2026 disclosed standalone PAT fell 24.8% to ₹905.73 Lakhs with debt surge to ₹1,563.78 Lakhs during inorganic expansion — consolidation of Kelvin and AART drove this variance between standalone and consolidated results.

Based on publicly available historical data. For context only.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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