B. L. Kashyap and Sons Limited has informed the Exchange about Investor Presentation
BLKASHYAP · price
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B. L. Kashyap filed its Q1 FY26 investor presentation showing consolidated revenue of ₹336.42 Cr, EBITDA of ₹25.96 Cr (7.7% margin), and PAT of ₹10.86 Cr (3.23% margin), which is a decline from ₹20.25 Cr PAT in the same quarter last year. The order book stands strong at ₹4,435 Cr, with new orders worth ₹1,730 Cr secured between April and July 2025. Fund-based debt has been cut sharply from ~₹700 Cr to ~₹275 Cr, and there are no term loans now — only working capital and bank guarantee limits remain, with credit rating upgraded to CRISIL B+/Stable/A4. Management is targeting 25% share from government projects by FY27, plans to monetize non-core assets to strengthen the balance sheet by FY27, and has earmarked ₹55 Cr capex for FY26. Karnataka (59.7%) and Haryana (21.5%) dominate the geographic order book mix.
The debt reduction journey and rating upgrade are encouraging, but the YoY decline in Q1 revenue and profit may weigh on short-term sentiment. The robust ₹4,435 Cr order book and ₹1,730 Cr fresh order inflows offer strong revenue visibility and support the turnaround narrative for shareholders.