Oval Projects FY26 net profit rises 59% to ₹14.81 crore
Oval Projects Engineering Limited reported a 59% increase in net profit to ₹14.81 crore for FY26, driven by a 50% surge in revenue to ₹153.14 crore. EBITDA grew 54% to ₹28.25 crore with margins improving to 18.44%. The company has an order book of over ₹780 crore and targets ₹1,000 crore revenue by FY30 through national expansion.
*this image is generated using AI for illustrative purposes only.
Oval Projects Engineering Limited reported a 59% increase in net profit to ₹14.81 crore for the financial year ended March 31, 2026, driven by a 50% surge in revenue. The infrastructure services provider recorded revenue from operations of ₹153.14 crore, up from ₹102.29 crore in the previous year, while EBITDA grew 54% to ₹28.25 crore. The company’s order book stands at over ₹780 crore, positioning it to capitalize on rising investments in energy security and pipeline networks.
Financial Performance
The audited financial results for FY26 highlight significant growth across key metrics compared to FY25. EBITDA margins improved by 54 basis points to 18.44%, while net profit margins expanded by 54 basis points to 9.67%.
| Metric | FY25 (₹ Cr) | FY26 (₹ Cr) | YoY Change |
|---|---|---|---|
| Revenue From Operation | 102.29 | 153.14 | 50% |
| EBITDA | 18.31 | 28.25 | 54% |
| Net Profit | 9.34 | 14.81 | 59% |
Half-Yearly Comparison
Performance in the second half of FY26 also showed strong year-on-year growth. H2 FY26 revenue reached ₹92.18 crore, a 51% increase compared to H1 FY25. Net profit for the same period rose 33% to ₹8.45 crore.
| Particular (In ₹ Cr) | H2 FY26 | H1 FY25 | YoY Change |
|---|---|---|---|
| Revenue From Operation | 92.18 | 60.96 | ▲ 51% |
| EBITDA | 15.92 | 12.33 | ▲ 29% |
| Net Profit | 8.45 | 6.38 | ▲ 33% |
| EPS | 4.58 | 4.01 | ▲ 14% |
Operational Outlook
Goutam Debnath, Chairman and Managing Director, attributed the growth to improved operational efficiencies and disciplined project execution. He noted that geopolitical conditions in the Middle East and the evolving global energy landscape are driving investments in pipeline networks, LNG infrastructure, and City Gas Distribution (CGD) projects. With over 12 years of experience and strong relationships with leading public sector undertaking (PSU) clients, the company aims to strengthen its execution capabilities to deliver sustainable growth.
Strategic Roadmap
The company has outlined a three-phase execution roadmap targeting ₹1,000 crore revenue by FY30. Phase 1 (FY25–FY26) focuses on executing the existing order book and expanding limits to bid on larger projects. Phase 2 (FY26–FY28) targets revenue of ₹350–500 crore through national expansion into Central and Western India. Phase 3 (FY28–FY30) aims to establish a national infrastructure platform with a revenue target of ₹900–1,000 crore and an order book of ₹1,500–2,000 crore. The company serves clients including ONGC, IndianOil, GAIL, and IGGL across 10+ states.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0RTI01017/befd9593-0bec-480d-9f29-377fa36c4056.pdf
Historical Stock Returns for Oval Projects Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.48% | +9.49% | +17.65% | +6.95% | -29.45% | -29.45% |
What specific capital expenditures or resource allocations are required to support the planned national expansion into Central and Western India during Phase 2?
How will the company manage potential margin pressures as it transitions from executing the current order book to bidding on larger, potentially more competitive projects?
Given the geopolitical focus on the Middle East, does the company have a specific strategy to secure international orders or joint ventures to complement its domestic PSU clients?
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