Fabtech Techn.

Fabtech Technologies Cleanrooms Limited reported a strong consolidated performance for FY26. Total income grew by 46.93% year-on-year to ₹221.72 crores, up from ₹150.90 crores in the previous year. Consolidated EBITDA increased by 28.31% to ₹23.16 crores, compared to ₹18.05 crores in FY25. Consolidated PAT also saw significant growth, rising 18.95% year-on-year to ₹15.82 crores from ₹13.3 crores. However, standalone results showed a decline, with EBITDA down 21.5% to ₹12.96 crores and PAT down 24.75% to ₹9.06 crores, reflecting the investments made for future readiness.

FY26 was a pivotal year for Fabtech, marked by strategic repositioning for future growth. The company expanded its presence into high-growth sectors such as data centers, solar technology, and semiconductor segments, which are expected to see sustained multi-year investments. These are not opportunistic entries but strategic moves to prioritize capabilities and long-term positioning over near-term margins. A key milestone was the successful execution of a ₹68 crore solar project, which reinforced the company's focus on long-term growth and served as a benchmark for attracting further orders.

The company's current order book stands at approximately ₹199 crores, demonstrating significant growth. This is complemented by a robust pipeline of ₹480 crores, providing substantial future visibility. Management anticipates the order book to jump to ₹275-300 crores within the next 15-20 days. Furthermore, the company is confident in executing ₹200 crores of its current order book within the next six months, indicating a strong conversion rate and execution capability.

Fabtech continues to strengthen its infrastructure to support future growth, including expanding its Hyderabad facility to 2 acres with a built-up area of 50,000 square feet and a production capacity of 2,000 square meters per day. This facility includes an automatic panel production line. The company has also significantly enhanced and automated its overall manufacturing facility. Internally, Fabtech has formulated 'Vision 2030' to become a powerhouse in cleanroom and engineering precision, focusing on acquiring top talent and establishing world-class logic delivery standards across India.

The company's integrated ecosystem plays a critical role in its expansion strategy. Fabtech holds a 60.53% stake in Kelvin, which strengthens HVAC capabilities and expands presence beyond pharma into data centers and solar sectors. Management plans to increase its stake in Kelvin to 70-72% soon. The strategic merger of Altair into Advantek, increasing Fabtech's stake to 34.99%, was undertaken to plug previous losses and enhance backward integration through in-house AHU manufacturing. These investments, however, have led to rising debt and working capital, which management acknowledges is stressing current capital but is necessary to meet demand and fund future growth.

Fabtech faced several challenges during the year, including initial information security issues, which have since been addressed by strengthening governance frameworks. Project timelines experienced delays in March due to global geopolitical factors and raw material shortages. The company also incurred a one-time^📎 write-off of ₹0.84 crores in sundry debtors due to an NCLT order and a ₹1 crore legacy impact from the Altair-Advantek merger. Despite these, management emphasized their resilience, innovation in supply chain management, and proactive approach to managing commodity price volatility by seeking price revisions from clients.

The company highlighted its advanced capabilities in cleanroom technology, capable of handling ultra-critical ISO classes such as Class 100, Class 10, Class 1, and even Class 10+1. This includes managing particle sizes down to 0.12 microns, essential for semiconductor manufacturing. Fabtech's expertise extends to designing and executing complex, high-precision cleanroom systems that can support heavy loads and are highly modular and adaptable, allowing for quick modifications and upgrades to meet evolving technological demands.