Denta Water and Infra Solutions Limited (DENTA)
₹257.00 -1.08% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Denta Water's revenue was ₹58.7 Cr (-12.8% year on year, +6.1% on the previous quarter), and net profit ₹11.2 Cr (-39.8% year on year); the operating margin was 22.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹58.7 | -12.8% | +6.1% |
| Operating profit | ₹13.1 | -41.6% | +23.0% |
| Net profit | ₹11.2 | -39.8% | +22.6% |
| EPS (₹) | 4.18 | -39.9% | +22.6% |
| Operating margin | 22.4% | — | — |
DENTA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 56.98% of the DENTA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 43.75%. That is higher than usual for this stock. Turnover was only ₹89 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 41.2% · 37.9% · 44.2% · 48.8% · 57.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Denta Water and Infra Solutions submitted its voting results and Scrutinizer's Report for its 10th Annual General Meeting held on September 24, 2026. Shareholders approved all 7 resolutions with over 99.9% majority, including adoption of accounts, dividend declaration, and ratification of cost auditor remuneration. Critical approvals also included an increase in borrowing powers under Section 180(1)(c), higher remuneration for Executive Director C Mruthyunjaya Swamy, and material related party transactions with JNS Infra Projects Private Limited. Out of 43,565 total shareholders on the record date, 19,235,196 votes were polled, heavily anchored by 19,200,000 promoter votes.
- All 7 resolutions passed with requisite majority at the 10th AGM held on September 24, 2026
- Special resolution passed to increase borrowing limits under Section 180(1)(c) with 19,234,944 votes in favour
- Shareholders approved material related party transactions with M/s JNS Infra Projects Private Limited
- Total of 19,235,196 votes polled out of 26,700,000 total shares across 43,565 record-date shareholders
Denta Water and Infra Solutions has scheduled an interaction with analysts and institutional investors on Monday, September 28, 2026, at 12:00 Noon. The group meeting will be conducted virtually from Mumbai and is hosted by Arihant Capital. The filing is a standard intimation under Regulation 30 of SEBI LODR, with no presentation materials or unpublished price-sensitive information shared in the notice.
- Meeting scheduled for Monday, September 28, 2026, at 12:00 Noon
- Host identified as Arihant Capital via an Investor Summit
- Format is a virtual group meeting with analysts and institutional investors
Denta Water and Infra Solutions Limited has released its Annual Report for FY 2025-26 and scheduled its 10th Annual General Meeting for September 24, 2026. The company highlighted an outstanding order book of ₹7,277.76 million (~₹727.8 Cr), providing multi-year revenue visibility relative to its TTM revenue of ₹242 Cr. The report also details deployment of ₹2,205 million mobilized from its January 2025 IPO into ongoing water security and infrastructure projects.
- 10th Annual General Meeting scheduled for September 24, 2026, at 11:30 AM IST via VC/OAVM.
- Reported an outstanding order book of ₹7,277.76 million (~₹727.8 Cr), representing ~3.0x TTM revenue.
- Continued deployment of ₹2,205 million raised in its January 2025 initial public offering.
- Work-in-progress on construction contracts expanded to ₹1,187.96 million as of March 31, 2026, from ₹560.18 million in FY25.
Denta Water and Infra Solutions announced a key operational milestone, supplying six tanks from the Tungabhadra River for groundwater recharging under its flagship Mukkumpi lift irrigation project. The company highlighted that its order book stood at ₹8,508.96 million (₹850.90 Cr) as of July 31, 2026, which represents approximately 3.5x its TTM revenue of ₹242 Cr. Additionally, Denta reiterated its Q1FY27 performance with operating revenue of ₹586.64 million and PAT of ₹111.68 million, demonstrating sustained project execution pace.
- Supplying 6 tanks to pump water from Tungabhadra River for groundwater recharge in the Mukkumpi lift irrigation project
- Order book stood robust at ₹8,508.96 million as of July 31, 2026 (~3.5x TTM revenue)
- Q1FY27 revenue reported at ₹586.64 million with EBITDA of ₹154.31 million and PAT of ₹111.68 million
- Covers 6 tanks: Hirebenakal, Venktagiri, HRG Camp, Lingadalli, Mukumpi, and Chikkbenakal
Denta Water reported a mixed Q1 FY27, with revenue declining 12.8% YoY to ₹58.66 cr but growing 6.1% sequentially. Profitability was significantly impacted on a YoY basis (PAT down 39.8%) due to administrative transitions in the Karnataka state government, which delayed payments and tender activity. However, the company secured new orders worth ₹65.57 cr in July 2026, bringing the total order book to ₹850.90 cr. This order book provides high visibility, representing approximately 3.5x the company's TTM revenue.
- Confirmed order book reached ₹850.90 cr as of July 31, 2026, providing ~3.5 years of revenue visibility.
- Secured two new turnkey irrigation projects in Ballari, Karnataka, worth ₹65.57 cr in July 2026.
- Q1 FY27 PAT stood at ₹11.17 cr, showing a 22.6% sequential recovery from Q4 FY26.
- EBITDA margins improved to 26.30% in Q1 FY27 from 22.73% in the preceding quarter.
- New projects are scheduled for completion within a 11-month timeline, indicating fast-track execution.
Denta Water reported Q1 FY27 revenue of Rs 58.66 cr, a 12.8% decline from Rs 67.28 cr in Q1 FY26. Net profit for the quarter stood at Rs 11.17 cr, down from Rs 18.55 cr in the same period last year, indicating margin contraction. The Board has recommended a final dividend of Rs 2.50 per share (25% of face value) for FY26, with the record date fixed for September 16, 2026. The company continues to rely on its Rs 734.7 cr order book for long-term visibility.
- Recommended a final dividend of Rs 2.50 per equity share of Rs 10 face value
- Q1 FY27 revenue from operations stood at Rs 58.66 cr, down from Rs 67.28 cr YoY
- Net profit for Q1 FY27 decreased to Rs 11.17 cr compared to Rs 18.55 cr in Q1 FY26
- Record date for dividend entitlement is set for September 16, 2026
- Annual General Meeting (AGM) scheduled for September 24, 2026
Denta Water and Infra Solutions has recommended a final dividend of ₹2.50 per share for FY26, resulting in a dividend yield of approximately 0.79% at the current price of ₹316.9. Alongside the dividend, the company reported Q1 FY27 consolidated revenue of ₹58.66 Cr, a 12.8% decline from ₹67.28 Cr in Q1 FY26. Net profit for the quarter fell 39.8% YoY to ₹11.17 Cr, down from ₹18.55 Cr, reflecting margin compression. The company has fixed September 16, 2026, as the record date for the dividend payment.
- Recommended a final dividend of ₹2.50 per equity share (25% of face value).
- Q1 FY27 consolidated revenue stood at ₹58.66 Cr, down 12.8% from ₹67.28 Cr YoY.
- Consolidated PAT for Q1 FY27 decreased to ₹11.17 Cr from ₹18.55 Cr in the year-ago period.
- Record date for dividend entitlement is fixed for September 16, 2026.
- Auditor highlighted that trade receivables and payables are subject to confirmation/reconciliation.
Denta Water reported a 12.8% YoY decline in revenue to ₹58.66 Cr for Q1 FY27, while PAT fell 39.8% YoY to ₹11.17 Cr. However, on a sequential basis, the company showed recovery with revenue and PAT growing 6% and 22.6% respectively compared to Q4 FY26. The board recommended a final dividend of ₹2.50 per share for FY26, offering a yield of approximately 0.77% at current prices. While the order book of ₹734.7 Cr provides strong visibility, auditors noted that trade balances are still subject to reconciliation.
- Revenue from operations stood at ₹58.66 Cr for Q1 FY27, down from ₹67.28 Cr in Q1 FY26.
- Net profit for the quarter was ₹11.17 Cr, representing an 18.3% net margin.
- Recommended a final dividend of ₹2.50 per equity share (25% of face value) for FY26.
- Fixed September 16, 2026, as the record date for dividend entitlement.
- Order book visibility remains high at ₹734.7 Cr, approximately 2.9x TTM revenue.
Denta Water and Infra Solutions has secured two new infrastructure orders totaling Rs 65.56 crore, representing approximately 26.2% of its TTM revenue of Rs 250 crore. The first order, worth Rs 20.89 crore, is from Karnataka Neeravari Nigam Limited (KNNL) for irrigation improvements and includes a 5-year O&M period. The second is a subcontract worth Rs 44.67 crore from JNS Infra Projects for pipeline and restoration work. Both projects are domestic and have a tight execution timeline of 11 months, providing strong revenue visibility for the current fiscal year.
- Total combined order value of Rs 65.56 crore (including 18% GST) against TTM revenue of Rs 250 crore.
- Order 1 from KNNL is valued at Rs 20.89 crore for irrigation pickups and canals in Ballari.
- Order 2 is a subcontract from JNS Infra Projects valued at Rs 44.67 crore for pipeline raising mains.
- Both projects are scheduled for completion within a 11-month timeframe.
- The KNNL contract includes operation and maintenance for a period of 5 years post-completion.
Denta Water and Infra Solutions Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Integrated Registry Management Services Private Limited, confirmed that no requests for dematerialization or rematerialization of shares were received during the period from April 1, 2026, to June 30, 2026. This is a standard administrative filing confirming the status of share processing for the quarter.
- Zero requests received for dematerialization of shares for the period April 1, 2026, to June 30, 2026
- Zero requests received for rematerialization of shares for the same period
- Compliance certificate issued by Integrated Registry Management Services Private Limited
- Filing covers the first quarter of the 2026-27 fiscal year
Denta Water and Infra Solutions reported a 23% YoY revenue growth for FY26, reaching ₹250.4 crore with a PAT of ₹60.9 crore. The company maintains a robust order book of ₹727.8 crore across 38 projects, providing revenue visibility for approximately 2-2.5 years. Management has guided for a minimum 20% revenue growth in FY27, driven by aggressive bidding for new tenders under the Jal Jeevan Mission and Amrut 2 schemes. While government payment cycles were briefly impacted by political transitions in Karnataka, management expects normalization by July-August 2026.
- FY26 revenue increased by 23% YoY to ₹250.38 crore, with EBITDA at ₹83.49 crore.
- Outstanding order book stands at ₹727.8 crore, representing 2.91x the TTM revenue.
- Management provided a minimum revenue growth guidance of 20% for FY27.
- Company maintains a near zero-debt profile with a debt-to-equity ratio of 0.03.
- Raw material risks identified in UPVC and HDP pipes (20-30% of costs) due to petroleum price volatility.
Denta Water and Infra Solutions Limited has announced the closure of its trading window for all designated persons and insiders starting July 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of unaudited financial results for the quarter ending June 30, 2026. The trading window will remain closed until 48 hours after the financial results are made public. The specific date for the board meeting to approve these results will be communicated at a later date.
- Trading window closure to commence on July 1, 2026
- Closure relates to the unaudited financial results for the quarter ending June 30, 2026
- Restriction applies to all designated persons, immediate relatives, and insiders
- Window will reopen 48 hours after the official disclosure of financial results
- Board meeting date for results approval is yet to be announced
Denta Water and Infra Solutions Limited clarified its FY26 financial results, reporting a robust 23% year-on-year operational growth and a 15% increase in profit volume. The company's outstanding order book as of March 31, 2026, stands at ₹7,277.76 million, supported by the efficient utilization of IPO proceeds. Management is optimistic about future growth following the reintroduction of the Jal Jeevan Mission and is implementing an ERP system to enhance operational control.
- Outstanding order book reached ₹7,277.76 million as of March 31, 2026
- Operational growth recorded at 23% YoY with profit volume growth of 15% YoY
- Company headcount increased to 79 professionals to support expansion plans
- Re-appointed SPML & Associates as Internal Auditor and Girish G R & Associate as Cost Auditor for FY27
- Auditors issued an unmodified opinion, though noted trade receivables and payables are subject to reconciliation
Denta Water and Infra Solutions Limited has officially released the audio recording of its Q4 and FY26 earnings conference call held on June 25, 2026. This disclosure is in compliance with Regulation 30 of the SEBI Listing Regulations. The recording provides management's detailed discussion on the company's financial performance for the fiscal year ending 2026. Investors can access the full audio via the company's website to gain insights into operational progress and future outlook.
- Audio recording of the Q4 & FY26 post-earnings conference call made available on June 25, 2026.
- The earnings call was conducted at 12:00 Noon IST following a prior notification on June 22, 2026.
- Compliance maintained under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Recording link hosted on the official company website (denta.co.in) for public access.
Denta Water and Infra Solutions Limited has responded to clarification requests from both the NSE and BSE regarding recent significant movements in its stock price. The company officially stated that it has disclosed all material information to the exchanges as required under SEBI (LODR) Regulations, 2015. Management clarified that the price fluctuations are purely market-driven and influenced by prevailing sentiments rather than any undisclosed internal developments. No new material events or impending announcements were reported that would impact the share price.
- Responded to BSE and NSE surveillance inquiries dated June 23, 2026, regarding price volatility.
- Confirmed full compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Stated that price movement is purely due to prevailing market conditions and overall market sentiments.
- Affirmed that no price-sensitive information or material developments have been withheld from the public.
Financial Performance
Revenue Growth by Segment
Revenue from operations declined 14.80% YoY to INR 2,032.85 Mn in FY25, primarily due to project billing milestone phasing. Water-related projects constitute 97% of the unexecuted order book. H1 FY26 revenue reached INR 1,467.15 Mn.
Geographic Revenue Split
Karnataka contributes 80–85% of the total order book, exposing the company to significant regional concentration. Expansion is underway in Maharashtra, Uttar Pradesh, Madhya Pradesh, and Gujarat.
Profitability Margins
EBITDA margin improved from 34.53% in FY24 to 35.63% in FY25 (+110 bps). PAT margin increased from 25.34% to 26.02% (+68 bps) in the same period. Q2 FY26 PAT margin was 24.61%.
EBITDA Margin
EBITDA margin was 35.63% in FY25, a 3.2% YoY improvement. Q2 FY26 EBITDA margin remained healthy at 35.42% (INR 263.07 Mn) due to cost efficiency and execution excellence.
Capital Expenditure
The company raised net proceeds of INR 195 Cr through an IPO in January 2025 to scale operations and fund working capital. FY25 Net Capital Turnover Ratio was 0.54 times.
Credit Rating & Borrowing
CARE BBB; Stable / CARE A3+ reaffirmed in April 2025. The company maintains a zero-debt model (Debt-Equity Ratio of 0.00 in FY25) with healthy cash and bank balances of INR 848 Mn.
Operational Drivers
Raw Materials
Water management infrastructure components including pipes, pumps, and construction materials. Specific percentage of total cost not disclosed.
Capacity Expansion
Not applicable for EPC model; however, the company is expanding its execution footprint into Maharashtra and Uttar Pradesh to diversify its INR 7,347.39 Mn order book.
Raw Material Costs
Raw material costs are managed through advance procurement using IPO funds to mitigate inflationary pressures. Inventory turnover ratio declined from 18.35 in FY24 to 4.38 in FY25.
Manufacturing Efficiency
Not applicable (EPC); Inventory turnover ratio was 4.38 times in FY25 compared to 18.35 times in FY24.
Strategic Growth
Growth Strategy
Growth will be driven by executing the INR 7,347.39 Mn order book (2-2.5 years visibility) and targeting INR 10,000 Mn in new order inflows for FY26. Strategy includes geographic expansion into MH, UP, MP, and GJ, and sectoral diversification into roads and railways.
Products & Services
Design, installation, and commissioning of water management infrastructure, groundwater recharge systems, lift irrigation systems, and long-term operations and maintenance (O&M) services.
Brand Portfolio
Denta Water And Infra Solutions Limited.
New Products/Services
Expansion into road and railway infrastructure projects to build a complementary portfolio beyond water solutions.
Market Expansion
Strategic entry into Maharashtra, Uttar Pradesh, Madhya Pradesh, and Gujarat to diversify the client base and reduce dependency on Karnataka.
Strategic Alliances
Partners through unincorporated joint ventures for specific large-scale infrastructure projects.
External Factors
Industry Trends
Growing national focus on sustainable water solutions, groundwater recharge, and wastewater reuse, aligning with Denta's core expertise.
Competitive Landscape
Highly fragmented EPC market characterized by intense price competition from both large national players and regional contractors.
Competitive Moat
Durable advantage through niche technical expertise in groundwater recharge and lift irrigation, supported by a proven execution track record with government agencies.
Macro Economic Sensitivity
Highly sensitive to central and state government infrastructure budgets, particularly the Jal Jeevan Mission and state-level water programs.
Regulatory & Governance
Industry Regulations
Subject to environmental clearance frameworks, water resource policies, and public procurement/tendering norms.
Environmental Compliance
Formalizing ESG strategy to align with national sustainability priorities; compliance costs not specifically disclosed.
Risk Analysis
Key Uncertainties
Dependence on government funding cycles and potential delays in milestone-linked payments which could strain the working capital cycle.
Geographic Concentration Risk
80–85% of orders are concentrated in Karnataka, exposing the company to state-specific socio-political or policy disruptions.
Third Party Dependencies
Significant reliance on subcontractors for project delivery; failures could lead to cost overruns or execution delays.
Technology Obsolescence Risk
Low risk; company is investing in advanced project management technology to maintain its competitive edge.
Credit & Counterparty Risk
Exposure to government agencies; risk is mitigated by milestone-based billing and improved bills receivables management.
