Capacit'e Infraprojects Limited — Investor Meet, 25-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

**Financial Performance:**

Capacit'e Infraprojects reported Q4 FY26 revenue of INR712 Cr (+6% YoY) and EBITDA of INR109 Cr (+27%, 15.3% margin). For FY26, revenue grew 12% to INR2,623 Cr, with EBITDA at INR427 Cr (16.3% margin). Net operating cash flow significantly improved to INR224 Cr, and working capital days reduced by 43.

**Management Commentary & Outlook:**

Management called FY26 a "defining year," targeting 20% revenue growth for FY27-FY28. FY27 EBITDA margin is guided at 15.5-16.5%, factoring in commodity price volatility; a INR10 Cr provision for procurement costs might reverse. Focus remains on improving working capital, cash profit, and debt reduction.

**Order Book & Operational Updates:**

FY26 order inflow of INR4,446 Cr exceeded targets. The order book stands at INR13,498 Cr (57% public). FY27 order inflow target is INR4,500-5,000 Cr. Non-core asset sales are ongoing. Q4 execution saw some impact from labor migration due to elections.

**Analyst Q&A Highlights:**

Analysts questioned the impact of commodity price increases, noting that government contract escalation clauses often lag actual costs, and discussed improving labor availability post-elections. Management addressed these operational challenges transparently.

**Strategic Themes & Sentiment:**

Management emphasized operational efficiency, strong execution, and market leadership in profitability. The overall sentiment is "cautiously optimistic" given global geopolitical uncertainties, but confident in the robust order book and strategic initiatives.