544332
Fabtech Techn. financials
- Market cap
- ₹578 Cr
- Sector
- Capital Goods
- Calls analysed
- 3
Fabtech Techn. Q4 FY26
What went well
- Consolidated total income grew 46.93% YoY to ₹221.72 crores in FY26, up from ₹150.90 crores.
- Consolidated EBITDA increased 28.31% YoY to ₹23.16 crores in FY26, up from ₹18.05 crores.
- Consolidated PAT rose 18.95% YoY to ₹15.82 crores in FY26, up from ₹13.3 crores.
What to watch
- Standalone EBITDA declined 21.5% YoY to ₹12.96 crores in FY26, down from ₹16.51 crores.
- Standalone PAT decreased 24.75% YoY to ₹9.06 crores in FY26, down from ₹12.04 crores.
What Fabtech Techn. does
Fabtech Technologies Cleanrooms Limited designs, manufactures and installs turnkey cleanroom infrastructure — modular panels, doors, ceiling and flooring systems, T-grids, air handling units (AHUs), HVAC systems and MEP (mechanical, electrical, plumbing) services — for contamination-controlled environments. It in-house manufactures its own panels and AHUs at two factories, and delivers projects end-to-end from design and engineering through installation, validation and commissioning. Beyond its traditional pharma/biotech/healthcare client base, it has expanded into data centers, semiconductors, solar/renewable energy and EV-battery facilities through group companies and stake acquisitions in HVAC integrator Kelvin, AHU makers Advantek/Altair, and design-engineering firm AAR-T.
Segments
- Cleanroom panels, doors, ceiling & flooring
- HVAC & Air Handling Units (AHU)
- MEP services
- Design & engineering
- Manufacturing facilities
- 2 (Umbergaon, Gujarat and Murbad, Maharashtra)
- Total manufacturing area
- 1,00,000 sq. ft.
- Employees
- 138 (as of Mar 31, 2025)
- Satisfied clients
- 2,000+
- Industry experience
- 20+ years
- Order book (as of Sep 30, 2025)
- ₹166.73 Cr total order booking
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 2 delivered 3 missed 6 open- Revenue Growth delivered said Q4 FY25 Promised: 30% to 40% growth for FY26, and at least 40% for next two years. Q4 FY26: Achieved for FY26. Consolidated revenue grew 46.93% YoY, exceeding the 30-40% target. Management remains confident for FY27, guiding for a 'fantastic top line'.
- Working Capital Cycle missed said Q4 FY25 Promised: Looking to reduce it further undoubtedly. Q4 FY26: Missed. Management explicitly stated that working capital is rising to fund growth and meet demand, contrary to the promise of reduction. The issue is now framed as a necessary short-term stress to fuel long-term growth.
- Capacity Addition on track said Q2 FY26 Promised: Capacity addition of about 100-120 crores by first quarter of next year (Q1 FY27). Q4 FY26: On track. The company is expanding its Hyderabad facility with an automatic panel production line, in line with the plan to add capacity. The deadline is Q1 FY27, and progress appears to be underway.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 146.6%, net profit up 160.0% against the same quarter last year.
| Line item | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 58 | 62 | 88 | 76 | 143 +147% |
| EBITDA | 7 | 7 | 9 | 5 | 17 +143% |
| Net profit | 5 | 5 | 8 | 4 | 13 +160% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +5.6% 1Y
1Y: ₹449 on 10 Sept 2025 → ₹474. High ₹482.5 (10 Sept 2026), low ₹212.4 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −3.8%
- 12 May
- Q2 FY26
- −5.8%
- 17 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹32 Cr | ₹35 Cr | ₹43 Cr | ₹49 Cr | ₹83 Cr | ₹91 Cr |
| Borrowings | ₹7 Cr | ₹8 Cr | ₹6 Cr | ₹6 Cr | ₹10 Cr | ₹19 Cr |
| Other liabilities | ₹30 Cr | ₹36 Cr | ₹29 Cr | ₹32 Cr | ₹39 Cr | ₹63 Cr |
| Total liabilities | ₹69 Cr | ₹82 Cr | ₹81 Cr | ₹89 Cr | ₹144 Cr | ₹186 Cr |
| Fixed assets | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹5 Cr | ₹10 Cr | ₹8 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹10 Cr | ₹10 Cr |
| Other assets | ₹64 Cr | ₹77 Cr | ₹76 Cr | ₹83 Cr | ₹124 Cr | ₹168 Cr |
| Total assets | ₹69 Cr | ₹82 Cr | ₹81 Cr | ₹89 Cr | ₹144 Cr | ₹186 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +6.20 pp while DIIs trimmed −5.59 pp. The shareholder count grew 111% to 737.
- Promoters
- 68.5%
- DIIs
- 5.7%
- Public
- 25.9%
Since Mar 2025
- Public +6.20 pp
- DIIs −5.59 pp
- FIIs −0.69 pp
How it drifted, 3 quarters
Over this window the public went from 19.7% to 25.9% — +6.2 pp.
Ownership split by quarter, oldest first. Mar '25: Promoters 68.4%, FIIs 0.7%, DIIs 11.2%, Public 19.7%.Sep '25: Promoters 68.5%, DIIs 9.0%, Public 22.6%.Mar '26: Promoters 68.5%, DIIs 5.7%, Public 25.9%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Seema Dilip Vora newly disclosed 2.49% held
- Sanjay Natverlal Shah newly disclosed 1.06% held
The same filing shows 1 holder trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Fabtech Techn. above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Aasif Ahsan Khan | 40.91% | unchanged |
| Aarif Ahsan Khan | 10.13% | unchanged |
| Hemant Mohan Anavkar | 8.45% | unchanged |
| Manisha Hemant Anavkar | 8.43% | unchanged |
| Mavira Growth Opportunities Fund AIF | 5.09% | −0.45 pp |
| Seema Dilip Vora | 2.49% | newly disclosed |
| Sanjay Natverlal Shah | 1.06% | newly disclosed |
| Naseem Ahsan Khan | 0.40% | unchanged |
| Sayli Hemant Anavkar | 0.11% | unchanged |
| Aatif Ahsan Khan | 0.06% | unchanged |
| Invicta Continuum Fund I AIF | — | off the list |
| Pelican portfolio Services Private Limited | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 12.0% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Fabtech Techn.
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