Goel Construction reports 21% PAT rise, record ₹1,291 crore order book in FY26
Goel Construction Company Limited delivered strong FY26 results with PAT up 21% to ₹46.3 crore and revenue growing 11.4% to ₹657.3 crore. The company secured a record order book of ₹1,291 crore, supported by robust order inflows. The Board approved increased borrowing powers up to ₹1,200 crore for shareholder approval at the upcoming AGM.

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Goel Construction Company Limited delivered robust financial performance in FY26, with profit after tax (PAT) rising 21% to ₹46.3 crore, while revenue from operations grew 11.4% to ₹657.3 crore. The company’s closing order book reached a record high of ₹1,291 crore, nearly tripling from the previous year’s ₹438.5 crore, following order inflows exceeding ₹1,500 crore during the fiscal year. This growth trajectory positions the industrial construction firm for sustained revenue visibility amid India’s infrastructure expansion cycle.
The Board of Directors approved the financial results and recommended increasing the company’s borrowing and granting powers from ₹300 crore to ₹1,200 crore each. Shareholders will vote on this proposal, along with the re-appointment of Chairman Purushottam Dass Goel and the regularization of Sushil Kumar Wali as an Independent Director, at the 29th Annual General Meeting (AGM) scheduled for August 31, 2026. The meeting will be conducted via video conference or other audio-visual means.
Financial Performance Highlights
Operating profitability improved ahead of top-line growth, reflecting stronger project controls and efficient absorption of fixed overheads. EBITDA expanded by 15.2% to ₹66.7 crore, with the EBITDA margin widening by 34 basis points to 10.15%, its highest ever. The improvement in bottom-line performance was further supported by lower finance costs following the repayment of borrowings using proceeds from the company’s Initial Public Offer (IPO).
| Metric | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹657.3 Crore | ₹589.98 Crore | 11.41% |
| EBITDA | ₹66.7 Crore | ₹57.91 Crore | 15.18% |
| EBITDA Margin | 10.15% | 9.81% | +34 bps |
| Profit After Tax | ₹46.3 Crore | ₹38.32 Crore | 20.71% |
| Order Book (Closing) | ₹1,291 Crore | ₹438.49 Crore | 2.94x |
Governance and Strategic Initiatives
The Board also approved the Board’s report and audited financial statements for the year ended March 31, 2026. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the outcome of the board meeting held on August 7, 2026. The increase in borrowing and granting powers requires explicit shareholder consent under Section 180(1)(c) and Section 180(1)(a) of the Companies Act, 2013, respectively, enabling greater capital deployment flexibility for future large-scale projects.
Mr. Sushil Kumar Wali, who brings over 45 years of experience in the cement and manufacturing sector, was appointed as an Additional Independent Director on March 18, 2026. His regularization is subject to shareholder approval at the upcoming AGM. The Board also took on record the Secretarial Audit Report and Cost Audit Report for FY26, ensuring compliance with statutory requirements under the Companies Act, 2013.
What the Numbers Show
The significant expansion in the order book—driven by inflows exceeding ₹1,500 crore—signals strong market demand for Goel Construction’s specialized industrial projects in cement, power, and dairy sectors. The simultaneous improvement in EBITDA margins despite higher revenue suggests effective cost management and operational leverage. The proposed four-fold increase in borrowing limits aligns with the company’s strategy to undertake larger, more complex projects, leveraging its strengthened balance sheet post-IPO.
Historical Stock Returns for Goel Construction Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.92% | +4.45% | 0.0% | +44.83% | 0.0% | 0.0% |
How will the proposed four-fold increase in borrowing limits impact Goel Construction's debt-to-equity ratio and interest coverage ratios in the near term?
Given the record order book of ₹1,291 crore, what is the expected revenue recognition timeline for these contracts over the next two fiscal years?
Will the company prioritize organic growth through its expanded borrowing capacity or explore strategic acquisitions to further diversify its industrial construction portfolio?


































