Fabtech Technologies Cleanrooms Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Fabtech Technologies Cleanrooms Ltd filed with BSE on 12 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Fabtech Technologies Cleanrooms reported FY26 consolidated total income of Rs 221.72 crore, up 46.93% year on year, with consolidated EBITDA of Rs 23.16 crore and PAT of Rs 15.82 crore. Standalone total income grew 2.38% to Rs 143.39 crore while standalone EBITDA and PAT declined year on year, which management attributed to investments made for expansion into data centers, solar and semiconductor segments. Management described an order book of approximately Rs 199 crore with a pipeline of Rs 480 crore, and cited delays and cost impacts during the year from raw material shortages, a debtor write-off, and a one-time impact from the merger of Altair into Advantek.
Numbers mentioned
Consolidated total income: 221.72 crores (FY26)
p. 4
“we reported a consolidated total income of 221.72 crores up 46.93% year on year from 150.90 crores last year”
Anup Munshi, page 4 of the filed PDF · View the filing
Consolidated EBITDA: 23.16 crores (FY26)
p. 4
“with a EBITDA at 23.16 crores, growing 28.31% year on year from 18.5 18.05 crores”
Anup Munshi, page 4 of the filed PDF · View the filing
Consolidated PAT: 15.82 crores (FY26)
p. 4
“PAT at 15.82 crores, up 18.95% year on year from 13.3 in the previous year”
Anup Munshi, page 4 of the filed PDF · View the filing
Standalone total income: 143.39 crores (FY26)
p. 4
“On A standalone basis, the company reported a total income of 143.39 crores, up 2.38% year on year from 140.05 crores last year”
Anup Munshi, page 4 of the filed PDF · View the filing
Standalone EBITDA: 12.96 crores (FY26)
p. 4
“EBITDA stood at 12.96 as compared to 16.51 crore, down 21.5% year on year”
Anup Munshi, page 4 of the filed PDF · View the filing
Standalone PAT: 9.06 crores (FY26)
p. 4
“PAT at 9.06 versus 12.04 in the previous year, down 24.75% year on year”
Anup Munshi, page 4 of the filed PDF · View the filing
Order book: approximately 199 crores
p. 4
“Our order book of approximately 199 crores, it has gone up”
Anup Munshi, page 4 of the filed PDF · View the filing
Order pipeline: 480 crores
p. 5
“already by now, along with a pipeline of 480 crores.”
Anup Munshi, page 5 of the filed PDF · View the filing
Solar project value: 68 crore
p. 5
“A key milestone here was the 68 crore body solar project, reinforcing our focus on long-term growth over short-term margins.”
Anup Munshi, page 5 of the filed PDF · View the filing
Sundry debtors write-off: 84 lakhs (FY26)
p. 5
“there was a write-off approximately of 84 lakhs in sundry debtors as per an NCLT order, which had an impact on profitability of the year”
Anup Munshi, page 5 of the filed PDF · View the filing
Altair merger one-time impact: 1 crore (FY26)
p. 5
“the strategic merger of Altair into Advantek resulted in a one-time legacy impact of about 1 crore.”
Anup Munshi, page 5 of the filed PDF · View the filing
Aart top line: grew from 14 crores to 34 crores (FY26)
p. 7
“They have increased the top line from 14 crores to 34 crores, driven by reference wins in non-pharma and microelectronics.”
Aasif Khan, page 7 of the filed PDF · View the filing
Kelvin stake: 60.53%
p. 7
“We are now consolidated our holding in Kelvin, which stands at 60.53%.”
Aasif Khan, page 7 of the filed PDF · View the filing
Advantek stake: 34.99%
p. 11
“We have to cut short the plan, which was not working, so we, you know, the the the revolving those strategies, which was not working we quickly after two years, it was closed.”
Aasif Khan, page 11 of the filed PDF · View the filing
Overall revenue growth: grew from 150 crores last year to 221 crores (FY26)
p. 7
“Overall revenue grew from 150 crores last year to 221 crores. Earnings grew from 13 crores last year to 16 crores.”
Aasif Khan, page 7 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Commissioning of largest solar order — July
stated firmly by Aasif Khan
p. 7
“We are particularly excited and I'll admit a little impatient about commissioning our largest solar ticket yet. That should happen by July.”
Aasif Khan, page 7 of the filed PDF · View the filing
Order book — almost 300 crores · next 15 to 20 days
stated conditionally by Aasif Khan
p. 7
“we are just waiting for a few more order confirmation, and this order position of 199 crores mentioned would jump to almost 300 crores in the next 15 to 20 days.”
Aasif Khan, page 7 of the filed PDF · View the filing
Revenue/earnings growth guidance FY27 — 20 to 30 to 40 percent · FY27
stated conditionally by Aasif Khan
p. 12
“I will only tell you why we are conservative and giving you the estimates of 20 to 30 to 40 percent.”
Aasif Khan, page 12 of the filed PDF · View the filing
Order book execution timeline — September, October
stated conditionally by Aasif Khan
p. 12
“And these all have to be done in the next. And this, the year is just beginning, and this has to be executed by September, October.”
Aasif Khan, page 12 of the filed PDF · View the filing
New large solar orders — 60 to 80 crores
stated as an aspiration by Aasif Khan
p. 17
“Between 60 to 80 crores, you will find very soon one more, two more, two more.”
Aasif Khan, page 17 of the filed PDF · View the filing
Vision 2030 / market position — largest company in India · by 2030
stated as an aspiration by Aasif Khan
p. 23
“At the end of the day, we will become the largest company in India.”
Aasif Khan, page 23 of the filed PDF · View the filing
Vision 2030 — FY 2027
stated as an aspiration by Aasif Khan
p. 8
“FY 2027 is the year that vision would become visible in the numbers too.”
Aasif Khan, page 8 of the filed PDF · View the filing
Kelvin stake increase — 70 to 72% · soon
stated as an aspiration by Aasif Khan
p. 11
“we're going to enhance the stake very soon there to 70 to 72%”
Aasif Khan, page 11 of the filed PDF · View the filing
Margin and topline maintenance — FY27
stated conditionally by Aasif Khan
p. 22
“we will have a growth in the top line, bottom line. Assume the same percentage, what we have assumed this year, to be to be conservative.”
Aasif Khan, page 22 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said non-pharma entry began with references in solar and that semicon is being pursued but is further away given Japanese competitors already established there.
Answered by Aasif Khan
Asked by Sudhir: Whether the order book, currently tilted towards solar, can diversify into semicon, data center and biotech segments over the next couple of years.
p. 9
“We have CG Electronics where we have a semicon reference built. There was, and there is a gap in solar, there is a gap in data centers, there is a gap in emerging life science sector which we are capturing.”
Aasif Khan, page 9 of the filed PDF · View the filing
Management said Kelvin stake would rise to 70-72% soon, while Aart stake increase depends on the company reaching certain compliance and performance milestones.
Answered by Aasif Khan
Asked by Sudhir: What are plans to increase stake in Aart and Advantek?
p. 11
“we're going to enhance the stake very soon there to 70 to 72%, Aart we are look, I'll tell you something when we invested in upcoming companies which adds to our synergy, we have to appreciate that these are small companies”
Aasif Khan, page 11 of the filed PDF · View the filing
Management said working capital and debt would rise this year to support demand, with a more significant financial takeoff expected from FY28 as retention money comes in.
Answered by Aasif Khan
Asked by Sanjay Shah: How should investors think about the company's trajectory over the next two to three years, not just the near term?
p. 13
“27- 28 onwards, it will be a beautiful takeoff where we would have had our retention money coming in, whatever we have committed as business decisions to back those orders.”
Aasif Khan, page 13 of the filed PDF · View the filing
Management said it was possible, with one caveat that some clients set their own supply start dates, but expected the order book to be executed within six months.
Answered by Anup Munshi
Asked by Dhruv Bheda: Can the entire ~200 crore order book be executed within the first half of FY27?
p. 16
“Otherwise, this 200 for sure will be definitely within six months.”
Anup Munshi, page 16 of the filed PDF · View the filing
Management said the company has executed up to Class 100 cleanrooms and is capable of Class 1 and Class 10, and is approaching clients for price revisions under force majeure due to the war-related input cost increases.
Answered by Aasif Khan
Asked by Hemant: What clean room classes is the company capable of building, and were price escalation clauses being added to new orders given commodity price increases?
p. 21
“So when this particular thing hit us, there are our team is approaching all the clients due to force majeure. We are approaching all the clients for a price revision.”
Aasif Khan, page 21 of the filed PDF · View the filing
Management said they are being conservative on projected growth figures and are confident of maintaining margins on the current order book.
Answered by Aasif Khan
Asked by Darshil Jhaveri: Will margins on the current order book be at normalised levels or lower given these are newer, developing segments?
p. 22
“we will have a growth in the top line, bottom line. Assume the same percentage, what we have assumed this year, to be to be conservative.”
Aasif Khan, page 22 of the filed PDF · View the filing
Risks flagged
Supply chain disruptions and raw material shortages including steel and aluminium impacting project timelines
p. 5
“We also experienced some delays during March due to the global geopolitical factors and raw material shortages, which impacted some of the projects timeline.”
Anup Munshi, page 5 of the filed PDF · View the filing
Write-off in sundry debtors under an NCLT order impacting profitability
p. 5
“there was a write-off approximately of 84 lakhs in sundry debtors as per an NCLT order, which had an impact on profitability of the year.”
Anup Munshi, page 5 of the filed PDF · View the filing
One-time legacy impact from the Altair-Advantek merger
p. 5
“the strategic merger of Altair into Advantek resulted in a one-time legacy impact of about 1 crore.”
Anup Munshi, page 5 of the filed PDF · View the filing
Information security issues identified during the year
p. 5
“we identified and addressed certain initial issues related to information security and have since strengthened our governance framework to mitigate such risks going forward.”
Anup Munshi, page 5 of the filed PDF · View the filing
Rising commodity prices due to geopolitical conflict, including aluminium and power/gas shortages
p. 21
“There is an aluminium shortage. There is power shortage. Our factory faced gas shortages.”
Aasif Khan, page 21 of the filed PDF · View the filing
Rising working capital and debt to fund demand
p. 13
“the debt rising, the working capital rising, because we have borrowed to meet the... Fantastic demand which is emerged”
Aasif Khan, page 13 of the filed PDF · View the filing
Ongoing geopolitical conflict continuing to affect supply chains
p. 8
“Supply chain pressures remain, but we have learned to operate in this environment with a stronger pipeline, sharper execution, and better control.”
Aasif Khan, page 8 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.