Cryogenic OGS Limited Reports FY26 Results; Revenue Grows 24% to ₹4,082 Lakhs
Cryogenic OGS Limited reported a 24.06% YoY increase in FY26 revenue to ₹4,082.24 lakhs, with PAT rising 67.21% to ₹1,018.27 lakhs. The EBITDA margin improved to 31.70%, supported by a zero-debt balance sheet and an order book of ₹31 crore. Key operational highlights include the execution of major orders in Egypt and Nigeria, the launch of aDENS Density Probes, and strategic progress on global certifications such as ADNOC and ASME U Stamp.
*this image is generated using AI for illustrative purposes only.
Cryogenic OGS Limited has released its investor presentation for FY26, detailing a strong financial performance and strategic advancements in the oil and gas sector. The company reported a 24.06% year-on-year increase in revenue from operations, which rose to ₹4,082.24 lakhs for the fiscal year ending March 31, 2026. This growth was accompanied by a significant improvement in profitability, with Profit After Tax (PAT) growing by 67.21% to ₹1,018.27 lakhs.
Financial Performance
The company’s operational efficiency is reflected in its healthy margins. The EBITDA for FY26 stood at ₹1,294.14 lakhs, representing an EBITDA margin of 31.70%, an increase from 26.89% in the previous year. The PAT margin also expanded to 24.94% from 18.51% in FY25. Cryogenic OGS maintains a zero-debt status, which it stated supports its growth strategy without leverage risk. As of April 1, 2026, the company reported an order book of ₹31 crore, providing visibility for future revenue.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 4082.24 | 3290.46 | 24.06% |
| EBITDA | 1294.14 | 884.83 | 46.26% |
| EBITDA Margin | 31.70% | 26.89% | 481 bps |
| PAT | 1018.27 | 608.98 | 67.21% |
| PAT Margin | 24.94% | 18.51% | 643 bps |
Operational Milestones
Operationally, the company achieved several key milestones during the year. It initiated the execution of a landmark order for 143 Truck Loading Skids for an Egypt-based end-user, marking one of its largest orders. Additionally, Cryogenic OGS executed an LNG Metering Skid for Honeywell (USA) and delivered its first full-scope international project for Honeywell Nigeria. The company also successfully launched the aDENS Density Probes in collaboration with a European technology partner, securing initial orders to strengthen its presence in high-precision instrumentation.
Strategic Expansion and Certifications
Cryogenic OGS continues to expand its global footprint through its wholly-owned subsidiary in Dubai, UAE, which targets markets in the GCC, America, and Africa. The company has secured approval from Engineers India Limited (EIL) for piping spools and has applied for ADNOC approval for metering skids. Furthermore, the ASME U Stamp certification is in an advanced stage of approval. These credentials, along with ISO certifications, position the company to access complex, high-spec projects and drive incremental order inflow.
Historical Stock Returns for Cryogenic Ogs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | -16.08% | +16.06% | -8.73% | +107.34% | +107.34% |
How will Cryogenic OGS fund and execute the planned 4x facility expansion in Vadodara, and what revenue targets are tied to its completion timeline?
With ADNOC approval still pending, how could securing it reshape the company's competitive positioning and order pipeline in the GCC market?
As the company transitions to a full turnkey solutions model, what risks around supply chain dependencies and working capital management could emerge at larger project scales?
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