🔍

Goel Construction Company Ltd (544504)

📊 BSE: 544504 🏢 Civil Construction 📢 Latest filing: 02 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, Goel Construction's revenue was ₹412 Cr (+29.6% year on year, +68.2% on the previous half-year), and net profit ₹29.0 Cr (+31.8% year on year); the operating margin was 10.9%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹412	+29.6%	+68.2%
Operating profit	₹45.0	+40.6%	+60.7%
Net profit	₹29.0	+31.8%	+70.6%
EPS (₹)	20.41	+7.6%	+75.9%
Operating margin	10.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Goel Construction Order Book Crosses ~₹1,300+ Cr as of Sep 30, 2026

🟢 POSITIVE ⭐ 6/10

OTHER 📅 02 Oct 2026, 05:14 PM

Goel Construction Company released its H1FY27 business update, highlighting an ongoing order book exceeding ~₹1,300+ crore as of September 30, 2026. This order book represents approximately 104% of its TTM revenue (₹1,247 crore), providing roughly one to two years of revenue visibility. The company diversified beyond its core cement construction domain by entering logistic park and steel plant construction segments. Additionally, it is transitioning from pure civil works towards end-to-end EPC execution covering mechanical, structural, and electrical scopes.

Ongoing order book stood at ~₹1,300+ crore as of September 30, 2026
Order book provides revenue visibility relative to FY26 revenue of ₹657 crore and TTM revenue of ₹1,247 crore
Secured entry into new segments including Logistic Parks and Steel Plant construction in H1FY27
Pivoting execution model toward comprehensive civil, mechanical, structural, and electrification works

💡 Track upcoming H1FY27 financial results to observe order conversion rates and assess whether segment diversification impacts operating margins.

Goel Construction to hold 29th AGM on August 31, 2026; FY26 Annual Report released

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Aug 2026, 04:42 PM

Goel Construction Company Ltd has scheduled its 29th Annual General Meeting (AGM) for August 31, 2026, via video conferencing. The company has dispatched physical letters to shareholders who have not registered their email addresses, providing them with web links to the FY 2025-26 Annual Report. This follows a fiscal year where the company reported revenue of ₹657 Cr and a net profit of ₹46 Cr. The filing also serves as a mandatory reminder for shareholders to update KYC details and dematerialize physical securities.

29th Annual General Meeting scheduled for August 31, 2026, at 04:00 PM IST
Annual Report for Financial Year 2025-26 released via digital links to all members
Cut-off date for identifying members without registered emails was July 31, 2026
Company reported FY26 revenue of ₹657 Cr and net profit of ₹46 Cr
Reminder issued for KYC updates as per SEBI Master Circular dated May 07, 2024

💡 Investors should access the Annual Report via the provided web links to review management's discussion on the ₹1,247 Cr TTM revenue performance and future growth strategy. Shareholders with physical holdings must update KYC details to remain eligible for future dividend payments.

Goel Construction Reports ₹1,291 Cr Order Book in FY26 Annual Report; AGM on Aug 31

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 08 Aug 2026, 04:49 PM

Goel Construction Company Ltd has released its FY26 Annual Report, showcasing a robust order book of ₹1,291.23 crore, which provides approximately 1.96x revenue visibility based on FY26 revenue of ₹657.30 crore. The company maintained a strong balance sheet with a debt-to-equity ratio of 0.03 and an improved EBITDA margin of 10.15%. A key strategic shift is visible in the order book diversification, with the cement sector's share reducing from 96% to 76% as the company expands into power and dairy infrastructure. The 29th AGM is scheduled for August 31, 2026, to discuss a proposed borrowing limit of up to ₹1,200 crore.

Order book reached ₹1,291.23 crore as of FY26, representing a 1.96x order-to-revenue ratio.
FY26 Revenue from operations stood at ₹657.30 crore, up from ₹589.98 crore in FY25.
EBITDA margin improved to 10.15% in FY26 from 9.81% in the previous financial year.
Proposed a significant borrowing limit of up to ₹1,200 crore for future requirements.
Power sector now contributes 21% of the total order book, up from negligible levels in prior years.

💡 Investors should monitor the execution timeline of the ₹172 Cr and ₹260 Cr Adani Power projects, which represent the company's successful diversification beyond cement. The AGM on August 31 will be critical to confirm the appointment of new independent directors and the expanded borrowing mandate.

Goel Construction FY26 Annual Report: Order Book at ₹1,291 Cr, 1.96x Revenue; AGM on Aug 31

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 08 Aug 2026, 04:33 PM

Goel Construction Company Ltd has released its FY26 Annual Report, reporting a robust order book of ₹1,291.23 crore, which provides 1.96x revenue visibility relative to its FY26 revenue of ₹657.30 crore. The company demonstrated strong financial health with a PAT of ₹46.26 crore and a Core ROCE of 40%. While cement remains the core segment at 76% of the order book, the company is successfully diversifying into power (21%) and dairy (3%). The 29th Annual General Meeting is scheduled for August 31, 2026, via video conferencing.

Order book reached ₹1,291.23 crore as of FY26, compared to ₹438.49 crore in FY25.
Revenue from operations for FY26 stood at ₹657.30 crore with an EBITDA margin of 10.15%.
Maintains a strong liquidity position with cash reserves of ₹146 crore and a low Debt-Equity ratio of 0.03.
Diversification into the power sector now accounts for 20.58% of the order book, including a ₹260 crore order from Adani Group.
Average project size has scaled significantly from ₹10-20 crore in early years to ₹200-300 crore currently.

💡 Investors should monitor the execution timeline of the ₹1,291 crore order book and the company's ability to maintain margins as it diversifies into steel and logistics sectors.

₹1200 Cr Borrowing Limit: Goel Construction Proposes 4x Increase in Debt Headroom

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 07 Aug 2026, 05:10 PM

Goel Construction's board has recommended a massive increase in borrowing and asset-charging limits from ₹300 Cr to ₹1200 Cr, pending shareholder approval at the AGM on August 31, 2026. This new limit is significant, representing approximately 96% of the company's TTM revenue of ₹1247 Cr and 4.7x its current net worth. The board also regularized the appointment of Mr. Sushil Kumar Wali, an industry veteran with 45 years of experience (ex-JK Lakshmi Cement), as an Independent Director. These moves collectively signal preparation for a substantial scale-up in operations or project bidding.

Proposed increase in borrowing limits under Section 180(1)(c) from ₹300 Cr to ₹1200 Cr
Proposed increase in granting/charging power under Section 180(1)(a) from ₹300 Cr to ₹1200 Cr
29th Annual General Meeting (AGM) scheduled for August 31, 2026, via VC/OAVM
Appointment of Mr. Sushil Kumar Wali as Independent Director for a 3-year term until March 2029
Current debt is low at ₹8 Cr, making the new ₹1200 Cr limit a massive expansion in potential leverage

💡 Monitor the AGM outcome on August 31, 2026, for shareholder approval of the borrowing limits and watch for subsequent announcements regarding large-scale project wins or capital expenditure.

View All 544504 Announcements on Live Market Tracking →