Cemindia Projects Ltd

📊 Cemindia Projects Q1 FY27: Order Book at ₹31,000 Cr, Revenue & Margins Grow

- Q1 FY27 operating income increased 6% YoY to ₹2,721 crores from ₹2,576 crores.

- Q1 FY27 EBITDA grew 9% YoY to ₹285 crores, with margin improving to 10.5% from 10.1%.

- Q1 FY27 Profit After Tax (PAT) increased 3% YoY to ₹141 crores from ₹137 crores.

- Order inflow in Q1 FY27 was ₹8,519 crores, with an additional ₹1,247 crores secured in July.

- Total new orders secured (Q1 + July) are approximately ₹10,756 crores.

- Order book (work in hand) stands at ₹31,000 crores as of the call date.

- Company is currently L1 (lowest bidder) in projects worth approximately ₹990 crores.

- Adani Group's share in the current order backlog is approximately 53%.

- Management maintains revenue growth guidance of 25% for FY27.

- Order inflow target for FY27 is around ₹25,000 crores.

- Total bid pipeline (including tenders and visible opportunities) is approximately ₹90,000 crores.

- Gross debt as of June 2026 was ₹1,000 crores; net debt was ₹700 crores.

- Net debt-to-equity ratio as of June 2026 was 0.28.

- Trade receivables (including retention) stood at 69 days; net working capital was 120 days.

- Capex for FY27 is guided at ₹350-400 crores, with Q1 FY27 additions at ₹81 crores.

- Key project segments include marine (₹15,000 crores pipeline), underground metro, road tunnels, data centers, and PSP hydro projects.

- Execution on the Bangladesh project is on track for completion around September-October 2026, with receivables of around ₹178 crores.

- Vadhvan port project execution is delayed due to external issues beyond the company's control.

- New strategic focus areas include data centers (working on ~320-400 MW capacity), high-speed rail, and nuclear power.