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DENTA - Denta Water

📊 NSE: DENTA 🏢 Construction 📅 Last Updated: 12/13/2025 21:29

📢 Recent Corporate Announcements

Denta Water to Participate in Bharat Connect Conference on March 09, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 05:33 PM

Denta Water and Infra Solutions Limited has scheduled a meeting with analysts and institutional investors for March 09, 2026. The interaction is part of the Bharat Connect Conference hosted by Arihant Capital Markets and will commence at 1:00 PM. The management will engage in a group meeting format to discuss company updates, though no specific financial results are slated for release during this call. This disclosure is a routine regulatory requirement under SEBI Listing Obligations.

Meeting scheduled for Monday, March 09, 2026, at 1:00 PM
Hosted by Arihant Capital Markets as part of the Bharat Connect Conference
Interaction will involve management and various institutional investors in a group format
Disclosure made in compliance with Regulation 30 of SEBI LODR Regulations

💡 Investors should monitor the exchange filings after March 09 for any investor presentations or transcripts that may reveal management's future growth outlook.

Denta Water 9M FY26 Revenue Rises 31% to ₹195 Cr; Order Book Robust at ₹841 Cr

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 20 Feb 2026, 07:49 PM

Denta Water and Infra Solutions reported a 30.8% YoY increase in 9M FY26 revenue to ₹1,950.67 million, supported by a 34% rise in EBITDA. However, Q3 FY26 saw moderate growth of only 4% due to monsoon-related execution delays and government billing cycles in Karnataka. The company maintains a healthy order book of ₹8,414.82 million and is virtually debt-free. Management has revised its FY26 outlook downward from ₹300 crore to approximately ₹260 crore but expects 30% growth in FY27.

9M FY26 revenue reached ₹1,950.67 million, up 30.8% YoY, while EBITDA grew 34.02% to ₹708.47 million.
Order book remains strong at ₹8,414.82 million as of December 31, 2025, providing high revenue visibility.
Q3 FY26 revenue growth was muted at 4% YoY (₹53.5 crore) due to project timing and climatic factors in Karnataka.
Management guided for 20% YoY growth in Q4 FY26 and a 30% revenue increase for the full year FY27.
The company is nearly debt-free and expects the working capital cycle to normalize to 95-120 days by year-end.

💡 Investors should note the management's downward revision of FY26 targets and monitor if execution speed improves in Q4 to meet the new guidance. While the order book is solid, the reliance on government billing cycles and regional weather patterns remains a key risk factor.

Denta Water Q3 Revenue Rises 4.2% to ₹535 Mn; Order Book Strong at ₹8,382 Mn

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 19 Feb 2026, 09:10 PM

Denta Water and Infra Solutions reported a steady Q3 FY26 with revenue growing 4.22% YoY to ₹535.20 million, while 9M FY26 revenue surged 30.8% to ₹1,950.67 million. The company maintains a robust profitability profile with 9M EBITDA margins at 36.35% and PAT margins at 26.55%. A significant highlight is the outstanding order book of ₹8,382.33 million as of January 31, 2026, which provides strong revenue visibility for the next three years. Management attributed the performance to accelerated project execution and improved billing realization in the water management segment.

9M FY26 Revenue grew 30.8% YoY to ₹1,950.67 million compared to ₹1,491.33 million in 9M FY25
Outstanding order book stands at ₹8,382.33 million as of Jan 31, 2026, representing over 4x FY25 annual revenue
Maintained high operating efficiency with 9M EBITDA margins at 36.35% and PAT margins at 26.55%
The company has 26 ongoing projects and has successfully completed 40 projects in water infrastructure to date
Q3 FY26 PAT stood at ₹143.12 million with a healthy PAT margin of 26.74%

💡 Investors should monitor the company's execution pace given the massive order book which offers multi-year growth visibility. The high margin profile in a specialized infrastructure niche makes this a strong candidate for long-term tracking.

Denta Water Releases Audio Recording of Q3 & 9M FY26 Earnings Conference Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 19 Feb 2026, 01:59 PM

Denta Water and Infra Solutions Limited has released the audio recording of its earnings conference call for the third quarter and nine months ended FY26. The call was held on February 19, 2026, following the company's financial results announcement. This disclosure is in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. Investors can access the recording via the provided link on the company's official website to understand management's commentary on performance and future outlook.

Audio recording of Q3 & 9M FY26 earnings call made available on February 19, 2026.
Call conducted at 12:00 Noon IST following the financial results disclosure.
Compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Recording link provided for public access on the company's official website.

💡 Investors should listen to the recording to gain insights into the company's operational performance and management's guidance for the remainder of the fiscal year.

Denta Water Reports 31% Revenue Growth in 9MFY26; Order Book Reaches ₹8,415 Mn

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 06:17 PM

Denta Water delivered a strong performance for the nine months ended December 2025, with revenue growing 30.8% YoY to ₹1,950.67 million. While the 9-month PAT increased by 32.1% to ₹517.40 million, the standalone Q3 performance was relatively flat with revenue up only 4.2% and PAT declining by 4.65%. The company maintains a robust order book of ₹8,414.82 million, providing strong revenue visibility for the future. EBITDA margins remain healthy at 36.32% for the 9-month period, reflecting efficient execution in the water infrastructure sector.

9MFY26 revenue grew 30.80% YoY to ₹1,950.67 million driven by irrigation and urban water projects
EBITDA for 9MFY26 rose 34.03% to ₹708.47 million with a healthy margin of 36.32%
Order book stands at a robust ₹8,414.82 million as of December 31, 2025, providing long-term visibility
9MFY26 PAT increased by 32.10% YoY to ₹517.40 million despite a slight 4.65% dip in Q3 standalone PAT
EPS for 9MFY26 stood at ₹19.35, reflecting sustained profitability across the nine-month period

💡 Investors should focus on the strong 9-month growth trajectory and the massive order book which is over 4x the 9-month revenue. Monitor the execution pace in upcoming quarters to ensure the slight Q3 slowdown does not become a trend.

Denta Water Schedules Q3 & 9M FY26 Earnings Conference Call for February 19, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Feb 2026, 01:48 PM

Denta Water and Infra Solutions Limited will hold an earnings conference call on February 19, 2026, at 12:00 Noon IST. The management will discuss the financial performance for the quarter and nine months ended December 31, 2025. The company specializes in civil engineering for sustainable water infrastructure and groundwater recharge. This call provides a platform for analysts and investors to gain insights into the company's operational progress and future outlook.

Conference call date set for February 19, 2026, following Q3 FY26 results.
Focus on financial performance for the nine-month period ending December 31, 2025.
Management to provide updates on end-to-end water infrastructure and O&M projects.
Universal dial-in numbers and international toll-free options are available for global participants.

💡 Investors should monitor the call for management's guidance on the order book and execution timelines for water infrastructure projects.

Denta Water Reports INR 841.48 Cr Order Book and INR 377.31 Cr New Orders for 9M FY26

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 13 Feb 2026, 11:20 AM

Denta Water and Infra Solutions Limited reported a robust outstanding order book of INR 841.48 Crores as of December 31, 2025. The company secured new orders totaling INR 377.31 Crores during the first nine months of FY26, with INR 161.12 Crores added in the third quarter alone. Recent wins include a subcontract worth INR 30.07 Crores and L1 status in two additional projects. Management remains confident in its execution capabilities despite typical industry-wide seasonal variations in the third quarter.

Outstanding order book stands at INR 841.48 Crores as of December 31, 2025
Total new orders and L1 positions secured in 9M FY26 reached INR 377.31 Crores
Q3 FY26 (Oct-Dec) contributed INR 161.12 Crores to the new order inflow
Recently awarded a subcontract work worth approximately INR 30.07 Crores
Secured L1 position in two additional projects, pending formal Letters of Award

💡 Investors should track the conversion of L1 positions into formal contracts and the company's ability to maintain execution momentum. The current order book provides strong revenue visibility for the coming quarters.

Denta Water and Infra Solutions Fined ₹10,000 by NSE and BSE for Delayed Compliance

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 12 Feb 2026, 08:44 PM

Denta Water and Infra Solutions Limited has addressed fines totaling ₹10,000 levied by the National Stock Exchange (NSE) and BSE Limited. The penalties were imposed due to a delay in complying with Regulation 23(9) regarding Related Party Transactions for the half-year ended September 30, 2025. The Board of Directors reviewed the matter on February 12, 2026, concluding that the delay was unintentional and has since paid the fine. The company maintains that this event has no material impact on its financial operations.

Fine of ₹5,000 each levied by NSE and BSE for non-compliance with SEBI Regulation 23(9).
The delay pertained to the disclosure of Related Party Transactions for the half-year ended September 30, 2025.
Board of Directors formally reviewed the notices on February 12, 2026, and confirmed the fine payment.
Management has been instructed to ensure timely compliance in the future to prevent recurring penalties.

💡 This is a minor administrative lapse with negligible financial impact; investors should monitor if such compliance delays become a recurring pattern.

Denta Water 9M PAT Rises 32% to ₹51.8 Cr; Order Book Strong at ₹841.5 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 07:53 PM

Denta Water and Infra Solutions reported a strong performance for the nine months ended December 2025, with consolidated revenue growing 30.8% YoY to ₹195.07 crore. Net profit for the same period increased by 32.2% to ₹51.79 crore, although Q3 saw a sequential dip compared to Q2. The company maintains a robust order book of ₹841.48 crore, representing significant revenue visibility. Furthermore, the board has approved new credit facilities worth ₹116 crore to support ongoing and future infrastructure projects.

9M FY26 consolidated revenue increased 30.8% YoY to ₹1,950.67 million.
9M FY26 Profit After Tax (PAT) rose 32.2% YoY to ₹517.90 million.
Outstanding order book reached ₹841.48 Crores as of December 31, 2025.
New orders worth ₹161.12 Crores were secured during the October-December 2025 quarter.
Board approved ₹116 Crores in new credit facilities from SBI, HDFC, and Kotak Mahindra Bank.

💡 Investors should take confidence in the strong 9M growth and the massive order book which provides multi-year revenue visibility. The sequential Q3 dip appears to be a quarterly fluctuation, but the expansion of credit lines suggests the company is gearing up for larger project executions.

Denta Water Q3 PAT at ₹14.3 Cr; Order Book Strong at ₹841.5 Cr

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 06:28 PM

Denta Water reported a mixed performance for Q3 FY26, with consolidated revenue at ₹53.52 crore, a slight YoY increase but a significant sequential drop from ₹74.27 crore in Q2. Net profit for the quarter stood at ₹14.31 crore, down from ₹14.96 crore YoY. Despite the quarterly dip, the 9-month performance remains strong with PAT growing 32% YoY to ₹51.79 crore. The company maintains a robust order book of ₹841.48 crore, providing high revenue visibility for future quarters.

Consolidated revenue for Q3 FY26 stood at ₹53.52 crore, up 4.2% YoY but down 27.9% QoQ.
Net Profit for the quarter was ₹14.31 crore, compared to ₹14.96 crore in the previous year's corresponding quarter.
Outstanding order book remains healthy at ₹841.48 crore as of December 31, 2025.
Secured new orders worth ₹377.31 crore during the nine-month period, including ₹161.12 crore in Q3 alone.
Board approved new credit facilities totaling ₹116 crore from Kotak Mahindra, SBI, and HDFC Bank for operational needs.

💡 While quarterly numbers showed sequential weakness, the massive order book of ₹841.5 crore (approx. 4x annual revenue) suggests strong long-term growth. Investors should monitor the execution pace of these orders and the recovery of dues through the initiated CIRP against Core4 Engineers.

Denta Water Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 06:48 PM

Denta Water and Infra Solutions Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The certificate, issued by Integrated Registry Management Services Private Limited, confirms that the company is in compliance with depository regulations. Specifically, the Registrar reported that zero requests for dematerialization or rematerialization of shares were received during the three-month period. This is a standard administrative filing required for all listed companies in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
Registrar and Share Transfer Agent confirmed 0 requests for dematerialization or rematerialization.
The reporting period covered is from October 1, 2025, to December 31, 2025.
The filing adheres to the SEBI (Depositories and Participants) Regulations, 2018.

💡 This is a routine regulatory filing with no impact on the company's fundamentals or stock performance. No action is required from investors.

Denta Water and Infra Solutions to Close Trading Window from Jan 01, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Dec 2025, 03:34 PM

Denta Water and Infra Solutions Limited has announced the closure of its trading window for all designated persons and insiders starting January 01, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's upcoming financial disclosures. The window will remain closed until 48 hours after the announcement of the unaudited financial results for the quarter and nine months ending December 31, 2025. The specific date for the board meeting to approve these results will be communicated separately.

Trading window closure effective from January 01, 2026
Pertains to financial results for the quarter and nine months ending December 31, 2025
Restriction applies to all designated persons, immediate relatives, and insiders
Window to reopen 48 hours after the official disclosure of financial results

💡 This is a routine regulatory announcement with no impact on company fundamentals. Investors should monitor for the upcoming board meeting date to review the Q3 financial performance.

Denta Water Q2 Net Profit Jumps 71% YoY to ₹189M; Bags New Projects Worth ₹1.7B

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 22 Dec 2025, 04:27 PM

Denta Water and Infra Solutions reported a strong Q2 FY26 with revenue from operations growing 54% YoY to ₹742.69 million. Net profit for the quarter surged 71% to ₹189.28 million compared to ₹110.51 million in the previous year's corresponding quarter. The company also announced significant business momentum, securing new projects and emerging as the lowest bidder (L1) for works totaling approximately ₹1,697.55 million. While the financial performance is robust, the statutory auditor highlighted that trade receivables and payables are currently subject to reconciliation.

Q2 FY26 consolidated revenue from operations increased 53.8% YoY to ₹742.69 million.
Net profit for the quarter rose 71.3% YoY to ₹189.28 million from ₹110.51 million.
H1 FY26 revenue reached ₹1,415.47 million with a total comprehensive income of ₹375.01 million.
Announced new water management projects and L1 status for works totaling ₹1,697.55 million.
Basic and Diluted EPS for H1 FY26 stood at ₹14.04 compared to ₹12.60 in H1 FY25.

💡 The company shows strong growth and a healthy order book pipeline which supports future revenue visibility. Investors should maintain a positive outlook but monitor the auditor's note regarding the reconciliation of trade balances.

Denta Water Clarifies Sunil Singhania Investment Article and Sales Growth to ₹200 Crore

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 17 Dec 2025, 08:49 PM

Denta Water and Infra Solutions has issued a clarification regarding a previous disclosure about an article involving Sunil Singhania's Abakkus Funds. The company corrected a clerical error, pointing to a Financial Express article that highlights its significant turnaround from ₹1 crore to ₹200 crore in sales. Additionally, the company recently secured four major water infrastructure projects in Karnataka valued at over ₹106 crore. This validation from a prominent investor and the substantial revenue growth trajectory signal strong business momentum for the company.

Clarified clerical error regarding a disclosure about Sunil Singhania’s Abakkus Funds investment
Highlighted a major financial turnaround with sales growing from ₹1 crore to ₹200 crore
Secured four major water infrastructure projects in Karnataka worth over ₹106 crore
Recognition by national financial media for improved fundamentals and long-term potential

💡 Investors should monitor the execution of the newly secured ₹106 crore projects and verify the sustainability of the reported ₹200 crore sales turnaround. The interest from a marquee investor like Sunil Singhania adds credibility, but investors should perform independent due diligence on the company's profitability margins.

Denta Water Clarifies Media Report; Highlights Sales Growth from ₹1 Cr to ₹200 Cr

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 17 Dec 2025, 06:58 AM

Denta Water and Infra Solutions issued a clarification regarding a previous erroneous disclosure about a media article. The company confirmed that it was featured in a Financial Express article highlighting its turnaround from ₹1 crore to ₹200 crore in sales. The article also notes the involvement of renowned investor Sunil Singhania. Management advises investors to ignore the clerical error in the Dec 16 disclosure and rely on the verified Financial Express report.

Clarified a clerical error regarding a previously disseminated media article disclosure
Highlighted a Financial Express article reporting a sales turnaround from ₹1 crore to ₹200 crore
Confirmed the company's association with investor Sunil Singhania's portfolio/interest
Advised investors not to trade based on the erroneous Dec 16 disclosure

💡 Investors should focus on the verified financial performance and the backing of institutional investors like Sunil Singhania. Verify the actual financial statements to confirm the turnaround mentioned in the media report.

View All DENTA Announcements on Live Market Tracking →

💰 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.