Ceigall India Limited – Investor Presentation Summary

Key Operational Highlights

  • Order book stood at INR 185,683 million as on June 30, 2026.
  • 39 ongoing projects across various segments.
  • Execution capabilities across 13 major states in India.
  • Successfully completed 40 projects with 2,030+ lane kms constructed.
  • Completed 2,159+ lane kms of O&M projects.

Key drivers of operational performance: Diversification into high-growth sectors like renewables and T&D, strategic bidding mechanism, in-house engineering team, and implementation of technology and AI.

Segment-wise Performance

  • Highways & Roads: Primary segment with multiple EPC and HAM projects across states.
  • Metro: Design and construction of elevated viaducts and stations in Kanpur and Agra.
  • Renewables: New foray with cumulative project value of INR 39,365 million.
  • Transmission & Distribution: New segment with project value of INR 4,068 million.
  • Industrial Infrastructure: New segment with cumulative value of INR 6,220 million.

Explanation of significant changes in segment performance: Growth driven by diversification into renewables, T&D, and industrial infrastructure sectors alongside traditional highways business.

Financial Highlights

Q1 FY27 Consolidated Performance:

  • Revenue: INR 9,696 million
  • EBITDA: INR 1,434 million
  • PAT: INR 638 million
  • EPS: Not Specified
  • Margins: EBITDA Margin 14.79%, PAT Margin 6.58%

YoY Comparison (Consolidated):

  • Revenue growth: 15.7% YoY (from INR 8,379 million in Q1 FY26)
  • EBITDA growth: 31.4% YoY (from INR 1,091 million in Q1 FY26)
  • PAT growth: 24.4% YoY (from INR 513 million in Q1 FY26)
  • Margin improvement: EBITDA margin expanded by 177 bps YoY, PAT margin expanded by 46 bps YoY

Drivers of financial performance: Higher revenue growth, operational efficiencies, and margin expansion.

Comparison to market estimates: Not Specified

Key Risks: Raw material price hikes, regulatory risks, time and cost overruns on contracts, government policies and regulatory actions.

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Regional Breakdown: Projects executed across 13 states including Punjab, Uttar Pradesh, Bihar, Jammu & Kashmir, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Andhra Pradesh, Arunachal Pradesh, Delhi, Haryana, and Himachal Pradesh.

Balance Sheet Snapshot

Standalone as of June 30, 2026:

  • Total Debt: INR 5,511 million
  • Net Debt/Equity: Not Specified
  • Reserves: Not Specified
  • Current Assets/Liabilities: Not Specified
  • Working Capital/Leverage Metrics: Not Specified

Consolidated as of March 31, 2026:

  • Total Assets: INR 55,234 million
  • Total Equity: INR 21,464 million
  • Total Debt: INR 13,100 million (INR 8,140 million non-current + INR 4,960 million current)

Financial Health Insights: Credit Rating of IND AA-/Stable (Long-term) & IND A1+ (Short-term) from India Ratings.

Capex & Cash Flow Health

Capital Expenditure: Not Specified for current period

Free Cash Flow: Not Specified

Operating Cash Flow: Not Specified

Net Debt Movement: Not Specified

Investment Rationale: Focus on capacity expansion, technology upgrades, and diversification into high-growth sectors.

Strategic & R&D Initiatives

Investments in Innovation: Integration of AI and data-driven tools across business development, procurement, finance, and human resources.

Expected impact on growth: Enhancement of efficiency across bidding processes and project monitoring.

Strategic Rationale: Expanding into high-growth markets like renewables, T&D, and industrial infrastructure while reducing operational costs through asset-light model.

Industry Trends & Business Environment

Macro/Industry Trends: India's expanding infrastructure opportunities, energy transition trends driving renewable projects.

Impact on Company: Creating opportunities for diversification into new sectors like BESS, solar projects, and industrial infrastructure.

Management Commentary & Growth Outlook

Strategic Outlook: "We remain confident in our growth trajectory. Backed by a diversified order book, strong execution capabilities and a disciplined approach to capital allocation, we are well positioned to capitalize on India's expanding infrastructure opportunities while creating sustainable long-term value for all our stakeholders." - Mr. Ramneek Sehgal, Chairman & Managing Director

FY Guidance: Not Specified

Market Share Targets: Not Specified

Risks and Opportunities: Risks include fluctuations in earnings, ability to manage growth, domestic and international competition, economic conditions, ability to attract and retain skilled professionals, time and cost overruns on contracts, management of international operations, government policies and regulatory actions, interest rates, and other fiscal factors.

ESG Updates

Not Specified

Digital Transformation

Implementation of AI and data-driven tools across various functions including business development, procurement, finance, and human resources to enhance efficiency.