Swastika Infra Limited will host a conference call to discuss its financial results for the second quarter and first half of fiscal year 2027 on Wednesday, October 21, 2026. The event is scheduled for 4:00 pm IST.

Call details and participants

The company will be represented by Managing Director Vinay Gupta, Chief Financial Officer Biren Parnami, and Advisor Govind Saboo. The call is organized by Arihant Capital Markets Ltd and will be conducted as a group call over the phone.

Dial-in information

Participants can join via the following universal dial-in numbers:

• +91 22 6280 1466
• +91 22 7115 8826

International toll-free numbers are available for Hong Kong (800964448), Singapore (8001012045), UK (08081011573), and USA (18667462133). Attendees are advised to dial in 5-10 minutes prior to the scheduled time.

Regulatory compliance

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price sensitive information will be shared during the call. Details are also available on the company website.

Swastika Infra has secured a confirmed work order valued at ₹615.76 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order is classified as Major under SEBI LODR regulations.

ORDER DETAILS AND SCOPE

The awarding entity is Maharashtra State Electricity Distribution Company Limited (MSEDCL), a domestic entity. The scope of work involves the development of Distribution Infrastructure & System Strengthening work. This includes survey, design, engineering, supply, installation, testing, and commissioning of distribution infrastructure and associated civil and electrical works at the Bhandup Region, Maharashtra.

The time period for completion is 24 months from the date of the Letter of Award (LOA). The order was disclosed to the exchange on October 7, 2026. The transaction is not a related party transaction, and there is no promoter interest involved. The tax treatment is inclusive.

ORDER HISTORY AND TRACK RECORD

The following table summarizes the order inflows disclosed by Swastika Infra over the recent period:

This disclosure represents the sole order entry for the quarter ending December 2026. No other orders were disclosed in the preceding quarters within the three-quarter lookback period. Consequently, this contract accounts for 100% of the currently visible backlog.

FINANCIAL CONTEXT AND SCALE

The ₹615.76 crore order value is substantial relative to the company's current financial metrics. Trailing Twelve Month (TTM) revenue is reported at ₹0.0 crore. As a result, standard book-to-bill ratios are undefined based on realized revenue, indicating a transition from a dormant or pre-revenue state to active execution.

For a microcap entity with a market cap of ₹716.97 crore (as of October 7, 2026), this order size is nearly equivalent to its entire market valuation. This highlights significant execution leverage for the company.

HISTORICAL PERFORMANCE METRICS

The company's standalone financial performance over the last five years shows high volatility in growth rates. The following table details the revenue and profit growth trends:

Despite zero TTM revenue, the Return on Capital Employed (ROCE) for FY26 stands at 45.07% and Return on Equity (ROE) at 26.42%. These ratios suggest efficient capital utilization in prior periods when revenue was recognized.

KEY OBSERVATIONS

• Client Concentration: MSEDCL accounts for 100% of the currently disclosed order book, creating significant client concentration risk.
• Execution Timeline: The 24-month execution window requires careful monitoring of milestone completions and revenue recognition schedules.
• Valuation Context: As of October 7, 2026, the stock traded at a P/E of 16.5x and a Price/Book ratio of 2.39x. The P/E is below the ROCE of 45.07%, though this comparison is limited by the lack of current TTM earnings.
• Shareholding Pattern: Promoters hold 76.51% of shares as of Q2FY27, with no FII or DII holding recorded in the latest data.