Ceigall India Limited, one of India’s fastest-growing infrastructure companies, specializing in the design and construction of high-impact EPC projects with over 23+ years of expertise, recognized for its rapid execution and specialized capability in delivering complex, large-scale structural work across the nation, has announced its audited financial results for the fourth quarter and full year ended 31st March 2026 in the Board meeting held on 7th May, 2026.
Order book summary as on 31st March 2026
| Segment | Rs. Million | % of Order Book |
| Roads / Highways / Flyovers | 1,27,226 | 68.57% |
| Railways / Metros | 10,710 | 5.77% |
| Tunnels / Airport Runways | 274 | 0.15% |
| Bus Terminal | 1,430 | 0.77% |
| Renewable Energy | 35,615 | 19.19% |
| Transmission & Distribution | 4,068 | 2.19% |
| Industrial Infrastructure | 6,220 | 3.35% |
| Total | 1,85,543 | 100% |
Commenting on the performance during the Quarter and Financial year 2026, Mr. Ramneek Sehgal, Chairman and Managing Director, Ceigall India Limited, said:
“FY26 marked a strong year of growth, driven by consistent execution across our core EPC business and robust order inflows across highways and urban mobility.
For Q4 FY26, consolidated revenue stood at INR 13,865 million, up 37.0% YoY, with EBITDA of INR 2,235 million at margins of 16.1%.
For the full year, consolidated revenue reached INR 40,224 million, up 17.0% YoY, with EBITDA of INR 5,854 million and margins of 14.6%, supported by disciplined cost management and improving execution efficiency. Our total order book stood at INR 1,85,543 million as on March 31, 2026, underpinned by strong Q4 inflows across highways in Bihar, Madhya Pradesh, and Arunachal Pradesh. Subsequent to year-end, we secured the Jaipur Metro Phase-II project, earmarking urban infrastructure as a key pillar growth for the company.
A key highlight of the year has been our strategic diversification into renewable energy and power transmission. We have won multiple projects in the Solar, Solar plus Battery Storage, and Transmission and Distribution projects, positioning the Company to benefit from emerging opportunities in energy transition of the country.
On HAM monetization, the Malout–Abohar asset in process of being successfully divested to Neo Asset Management at a strong return on invested equity, validating our capital recycling strategy.
Jalbehra–Shahbad and Bhatinda-Dabwali are in due diligence process after signing of Non-Binding Offer (NBO). Our Singapore and UAE subsidiaries are actively building an international pipeline across Southeast Asia and the Middle East.
Going forward, we remain focused on the playbook that has gotten us here. Strengthening execution, expanding our order book, and building a diversified, asset-backed portfolio with long-term revenue visibility, all this while maintaining financial strength and creating sustainable and significant value for all stakeholders.”
Key Consolidated Financial Highlights (INR Million):
| Particulars | Q4 FY26 | Q4 FY25 | Y-o-Y | FY26 | FY25 | Y-o-Y |
| Revenue from Operations | 13,865 | 10,116 | 37.1% | 40,224 | 34,367 | 17.1% |
| EBITDA | 2,235 | 1,279 | 74.8% | 5,854 | 5,184 | 12.9% |
| EBITDA Margins (%) | 16.12% | 12.64% | 348 bps | 14.55% | 15.10% | (55) bps |
| PAT | 1,290 | 724 | 78.3% | 3,089 | 2,866 | 7.8% |
| PAT Margins (%) | 9.31% | 7.16% | 215 bps | 7.68% | 8.30% | (62) bps |
| Basic EPS (INR) | 7.41 | 4.16 | 78.1% | 17.73 | 17.04 | 4.1% |
Key Standalone Financial Highlights (INR Million):
| Particulars | Q4 FY26 | Q4 FY25 | Y-o-Y | FY26 | FY25 | Y-o-Y |
| Revenue from Operations | 12,941 | 9,918 | 30.5% | 38,693 | 33,848 | 14.3% |
| EBITDA | 1,826 | 1,092 | 67.3% | 4,873 | 4,322 | 12.8% |
| EBITDA Margins (%) | 14.11% | 11.01% | 310 bps | 12.59% | 12.80% | (21) bps |
| PAT | 1,189 | 696 | 70.8% | 3,052 | 2,702 | 13.0% |
| PAT Margins (%) | 9.19% | 7.02% | 217 bps | 7.89% | 8.0% | (11) bps |
| Basic EPS (INR) | 6.83 | 3.92 | 74.2% | 17.52 | 16.07 | 9.0% |
Highlights for Q4 & FY26:
- Consolidated Revenue from Operations stood at INR 13,865 Million in Q4 FY26 registering a Y-o-Y growth of 37.1%.
- Standalone Revenue from Operations stood at INR 12,941 Million in Q4 FY26 registering a Y-o-Y growth of 30.5%.
- Order inflows for Q4FY26 stood at INR 60,142
- Order book as on 31 March 2026 stood at INR 1,85,543
- Consolidated revenue from Operations stood at INR 40,224 Million in FY26 as against INR 34,367 Million in FY25 growing 17.1% Y-o-Y.
- Consolidated PAT for FY26 stood at INR 3,089 Million as against INR 2,866 Million in FY25
- Consolidated EPS for the FY26 stood at INR 73 as against INR 17.04 in FY25
- Consolidated Debt to Equity stood at 6x as on 31 March 2026
- Net Working capital days stood at 49 days as on 31 March 2026
- Standalone Debt Stood at INR 4,123 Million vs INR 6,359 Million in FY25; Consolidated Debt stood at INR 15,723 Million as on 31 March 2026 vs INR 13,968 Million for FY25
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