Swastika Infra Limited, a Power T&D and Renewable Energy EPC company headquartered in Jaipur, Rajasthan, has submitted its investor presentation for the unaudited financial results for the half year ended September 30, 2026, to BSE Limited and the National Stock Exchange of India Limited in accordance with SEBI Listing Regulations (Regulation 30).

Financial Snapshot

The presentation provides a financial performance overview across several fiscal years:

  • Revenue: FY2024: ₹210 crore, FY2025: ₹351 crore, FY2026: ₹504 crore, H1 FY2027: ₹207 crore
  • EBITDA: FY2024: ₹24 crore (11%), FY2025: ₹44 crore (13%), FY2026: ₹71 crore (14%), H1 FY2027: ₹35 crore (17%)
  • PAT: FY2024: ₹14 crore, FY2025: ₹27 crore, FY2026: ₹41 crore, H1 FY2027: ₹20 crore
  • EPS: FY2024: ₹6, FY2025: ₹11, FY2026: ₹16, H1 FY2027: ₹7
  • Networth: FY2024: ₹50 crore, FY2025: ₹77 crore, FY2026: ₹157 crore, H1 FY2027: ₹290 crore
  • Debt: FY2024: ₹44 crore, FY2025: ₹111 crore, FY2026: ₹115 crore, H1 FY2027: ₹147 crore
  • ROCE %: FY2024: 25%, FY2025: 23%, FY2026: 26%, H1 FY2027: 11%*
  • ROE: FY2024: 33%, FY2025: 43%, FY2026: 35%, H1 FY2027: 11%*

\*H1 FY2027 ROCE and ROE are noted as not annualized and calculated without considering IPO proceeds received on September 30, 2026.

Credit Profile Evolution

The company's evolving credit profile is detailed:

  • FY2023: Rating: BB (Infomerics), Bankers: 5 (Yes Bank, HDFC Bank, The Federal Bank, Kotak Mahindra Bank, ICICI Bank)
  • FY2024: Rating: BBB- (CARE), Bankers: 4 (Yes Bank, HDFC Bank, The Federal Bank, Kotak Mahindra Bank)
  • FY2025: Rating: BBB (CRISIL), Bankers: 4 (Bank of Baroda, Yes Bank, HDFC Bank, The Federal Bank)
  • FY2026: Rating: BBB+ (CRISIL), Bankers: 8 (Yes Bank, HDFC Bank, The Federal bank, Kotak Mahindra Bank, ICICI Bank, Punjab National Bank, State Bank of India, RBL Bank Limited)

Order Book & Execution

  • The company highlights a diversified order book with strong exposure to institutional funded projects (79% backed by World Bank, ADB, and Central Government funding).
  • Project presence is across 9 states, with no single state contributing more than 25% of the order book.
  • The company has an integrated presence across Distribution, Transmission, and Renewable Energy segments.
  • Execution excellence is demonstrated by a young order book; all 17 pending orders are aged within three years (9 orders <1 year, 3 orders 1-2 years, 5 orders 2-3 years).
  • Receivables outstanding for over one year remained minimal at 0.1% of total debtors in FY26 (FY24: ₹0.4 cr, FY25: ₹0.1 cr, FY26: ₹0.2 cr).

Management & Key Personnel

The presentation lists the experienced management team:

  • Vinay Gupta, Managing Director: A 2nd generation entrepreneur with 26 years of experience.
  • Ruchira Gupta, Whole-time Director: Over 6 years of experience in the power EPC industry.
  • Manoj Modi, Chief Operating Officer: Joined in 2011, looks after project management & execution.
  • Biren Parnami, Chief Financial Officer: Joined in 2014.
  • Vatsalya Gupta, Vice-President – Projects: New age entrepreneur involved in strategy and operations.
  • Other senior personnel and non-executive directors are also listed with their experience.

Growth Strategy & Recent Updates

The company's growth strategy focuses on leveraging market opportunities, geographical expansion, and a focus on high-value EPC power projects, alongside diversification into allied infrastructure sectors.

Key recent updates include:

  • Secured a milestone order, its largest-ever power distribution order worth ₹616 crore from MSEDCL for Bhandup.
  • Entry into the transmission segment with an order for setting up a 132kv transmission line and GSS from Rajasthan Rajya Vitran Prasaran Nigam Ltd.
  • Entry into the renewable energy segment with orders from RSPDCL and WBSEDCL.
  • Onboarding of senior management personnel from leading industrial conglomerates.

Disclaimer

The presentation includes a standard disclaimer stating it is for information purposes only, does not constitute an offer of securities, and is based on information the company considers reliable but makes no warranty about its accuracy.