Delton Cables Limited clarified its order book position following the release of its Q1FY27 investor presentation on August 11, 2026. The Faridabad-based cable manufacturer disclosed that its total order book as of June 30, 2026, stands at ₹4,182 million, significantly higher than previously reported figures. This correction underscores a robust pipeline of future revenue, particularly in the high-margin EPC segment which constitutes 88% of the total book. The clarification accompanies the company’s record quarterly financial results, reinforcing management’s confidence in sustained growth driven by infrastructure spending.

The updated information was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Jitender Kumar, Company Secretary and General Counsel, certified the disclosure. Vivek Gupta, Managing Director, emphasized that the strong order visibility supports the company’s strategic transformation towards high-growth sectors like railways, EPC, and telecom.

Revised Order Book Details

The investor presentation explicitly states the order book value at ₹4,182 million. This figure is approximately 1.5 times the Q1FY27 revenue of ₹2,863.6 million, providing substantial near-term revenue assurance. The composition of the order book highlights a strategic shift away from lower-margin public sector contracts towards private EPC players.

Financial Context

The order book correction aligns with Delton’s record Q1FY27 performance. Revenue from operations surged 83.18% year-on-year to ₹2,863.6 million. Profit after tax (PAT) jumped 146% to ₹75.9 million, while EBITDA margins expanded by 408 basis points quarter-on-quarter to 8.88%. The dominance of the EPC segment in both current revenue (50% contribution) and future orders (88% share) indicates that the margin expansion is structurally supported by a higher-value product mix rather than temporary cost efficiencies.

What the Numbers Show

The discrepancy between the previously cited order book size and the corrected ₹4,182 million figure materially alters the growth outlook for Delton Cables. With an order book equivalent to 1.5x of a single quarter’s revenue, the company has secured significant visibility into FY27 earnings. The concentration of 88% of orders in the EPC segment suggests that the recent margin expansion to 8.88% is likely sustainable, as EPC projects typically command better pricing than standard commodity cable sales. This reduces execution risk for the next two quarters, provided supply chain constraints do not impede delivery.

Strategic Transformation

Delton’s management highlighted a shift from a concentrated product portfolio to a diversified range serving niche high-growth segments. The company aims to maintain a working capital cycle of less than 75-80 days, supported by a focus on high-rated EPC players and direct sales models. This asset-light approach, combined with the revalued land assets contributing to a restated ROE of 6.9% for FY25, positions the firm for improved return metrics as it scales operations.

Delton Cables reported a net profit of ₹1,472.04 lakh for the financial year ended March 31, 2026, representing a 28.2% increase from ₹2,051.00 lakh in the previous year. The board recommended a final dividend of ₹2 per equity share, amounting to ₹172.80 lakhs, subject to shareholder approval. Revenue from operations for the year rose to ₹98,637.99 lakh from ₹70,926.41 lakh in FY25.

The board approved the audited financial results for the quarter and year ended March 31, 2026, following a meeting on May 27, 2026. The company published these results in Mint and Hindustan newspapers on May 28, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s Bansal & Co LLP, the statutory auditors, issued an unmodified opinion on the results. The report included an emphasis of matter regarding a satisfaction of charge of ₹30 lakhs for Mercantile Bank Limited that remains unregistered with the Registrar of Companies beyond the statutory period.

Financial Performance

The company’s total income for FY26 stood at ₹98,878.54 lakh, compared to ₹71,092.05 lakh in the previous year. For the quarter ended March 31, 2026, revenue from operations was ₹32,030.98 lakh, with a net profit of ₹126.25 lakh. Total comprehensive income for the year surged to ₹22,348.45 lakh, driven significantly by the revaluation of freehold land.

Key Board Decisions

The board approved the re-appointment of Mr. Abhishek Poddar as a Non-Executive Independent Director for a second consecutive term of five years, effective from September 2, 2027, subject to shareholder approval. Additionally, the board sanctioned the re-appointment of M/s S.R. Dinodia and Co. LLP as Internal Auditors and M/s MM & Associates as Cost Auditors for FY27.

Accounting Policy Change

Delton Cables changed its accounting policy for the measurement of land from the historical cost model to the revaluation model in accordance with Ind-AS 16, effective from FY26. Consequently, the value of freehold land increased from ₹7.83 lakhs to ₹24,010.33 lakhs. The increase of ₹24,002.50 lakhs was recognized in Other Comprehensive Income, with a related deferred tax liability of ₹3,119.31 lakhs.