Lakshya Powertech Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Lakshya Powertech posted Rs. 160 crore revenue in FY25, missing the Rs. 180-190 crore target due to IPO fund delays affecting cash flow and execution. Management targets 25%-30% CAGR, backed by a Rs. 275 crore order book mainly in EPC (oil & gas, data centers) and integrated O&M. Margins vary across segments, with a PAT margin aim of 11%-12%. Expansion includes HVAC and acoustic panel manufacturing via a Rs. 67 crore CAPEX. New EPC bids up to Rs. 500 crore qualify, with projects in oil & gas and renewables kicking off soon. Operating cash flow should turn positive, despite pricing pressures, aided by strong in-house execution. No near-term dividend is planned; working capital remains adequate.