ELGNZ

Eleganz Interior financials

Market cap
₹193 Cr
Sector
Services
Calls analysed
2
Latest concall · Q4 FY26 · call held 19 May 2026

Eleganz Interior Q4 FY26

FY26 Revenue ₹400.22 cr +2%FY26 EBITDA Margin 8.6%

What went well

  • H2 FY26 Revenue of INR 289.22 crores, up 44.17% YoY.
  • FY26 EBITDA Margin improved to 8.6% from 8.4% in FY25.
  • H2 FY26 Net Profit Margin increased to 6.8% from 5.6% in H2 FY25.

What to watch

  • FY26 overall revenue growth was modest at 1.91% YoY, reaching INR 400.22 crores.
  • Operating cash flow was negative in FY26 due to an increase in trade receivables to 89 days.
Read the full call →

What Eleganz Interior does

Eleganz Interiors provides end-to-end interior fit-out solutions for corporate and commercial spaces, operating through two verticals: Design & Build (D&B), a single-block turnkey model covering design, procurement, execution and handover, and General Contracting (GC), where the client appoints the designer and the company executes civil, mechanical, electrical and finishing work on an item-rate (BOQ) basis. It backward-integrates through its own Vasai, Maharashtra manufacturing facility, which produces flush doors, laminated sheets, pelmets, tables and storage units for its projects. The company also undertakes general contracting for large single orders such as airport renovation, and is expanding into data-centre turnkey projects and international markets (UAE, Singapore).

Segments

  • Design & Build (D&B)
  • General Contracting (GC)
Projects completed
695+ (over 32 million+ sq. ft. delivered)
Cities presence
36+
States
12
Manufacturing facility area
27,190 sq. ft. (Vasai, Maharashtra)
Annual installed capacity - Flush Doors
1,800 Nos.
Annual installed capacity - Pressed Laminated Sheets on Ply MDF
9,720 Nos.
Founded 1996Headquarters Dahisar (E), Mumbai, Maharashtra, India Company website

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 1 delivered 2 missed 7 open
  • H2 FY26 EBITDA Margin delivered said Q2 FY26 Promised: 9% Q4 FY26: H2 EBITDA was ₹29.61 crores on revenue of ₹289.22 crores, resulting in an EBITDA margin of 10.23%, exceeding the 9% target.
  • FY26 Revenue Growth missed said Q2 FY26 Promised: 15% to 20% (Close to ₹425 crores - ₹450 crores) Q4 FY26: Company reported FY26 revenue of ₹400.22 crores, representing only 2.1% YoY growth, far below the guided 15-20% range and the ₹425-450 crore target.
  • Future PAT Margin revised down said Q2 FY26 Promised: 7% to 8% Q4 FY26: Management softened the guidance to 'up to 7%' and acknowledged analyst concerns about low margins, stating 'PAT margins can slowly go up'.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

₹ Cr · quarterly
Line itemQ2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue192 201 111 289
EBITDA16 17 5 30
Net profit10 10 3 20
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 −38.9% 1Y

₹60₹80₹100₹120₹140₹160Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 4 Nov 2025Q4 FY26 — 19 May 2026

1Y: ₹139.8 on 10 Sept 2025 → ₹85.35. High ₹158.1 (18 Sept 2025), low ₹53.55 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
−3.4%
19 May
Q2 FY26
−4.4%
5 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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹1 Cr₹1 Cr₹15 Cr₹23 Cr₹23 Cr
Reserves₹21 Cr₹26 Cr₹36 Cr₹34 Cr₹132 Cr₹149 Cr
Borrowings₹18 Cr₹23 Cr₹28 Cr₹43 Cr₹44 Cr₹42 Cr
Other liabilities₹51 Cr₹52 Cr₹50 Cr₹78 Cr₹70 Cr₹116 Cr
Total liabilities₹91 Cr₹101 Cr₹115 Cr₹170 Cr₹268 Cr₹330 Cr
Fixed assets₹6 Cr₹5 Cr₹6 Cr₹6 Cr₹19 Cr₹16 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹3 Cr₹5 Cr
Other assets₹80 Cr₹91 Cr₹104 Cr₹158 Cr₹247 Cr₹309 Cr
Total assets₹91 Cr₹101 Cr₹115 Cr₹170 Cr₹268 Cr₹330 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 +5.15 pp while FIIs trimmed −2.89 pp. The shareholder count shrank 18% to 1,389.

Promoters
69.2%
FIIs
0.2%
DIIs
5.8%
Public
24.7%

Since Mar 2025

  • Public +5.15 pp
  • FIIs −2.89 pp
  • DIIs −2.51 pp

How it drifted, 3 quarters

Over this window the public went from 19.6% to 24.7% — +5.2 pp.

Mar '25Sep '25Mar '26

Ownership split by quarter, oldest first. Mar '25: Promoters 69.0%, FIIs 3.1%, DIIs 8.3%, Public 19.6%.Sep '25: Promoters 69.0%, FIIs 0.8%, DIIs 5.7%, Public 24.6%.Mar '26: Promoters 69.2%, FIIs 0.2%, DIIs 5.8%, Public 24.7%.

Who was buying across the market this quarter →

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.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Mar 2026 filing

Every holder of Eleganz Interior above SEBI's 1% disclosure line, and what changed since Sep 2025.

HolderStakeChange
Sameer Akshay Pakvasa 69.23%+0.25 pp
Mavira Growth Opportunities Fund AIF3.47%unchanged
Minerva Ventures Fund FPI fund1.09%unchanged
Invicta Continuum Fund I AIF1.01%unchanged
Eleganz Interio LLP 0.00%newly disclosed
Eleganz Realty LLP 0.00%newly disclosed
Krsnaco Build works LLP 0.00%newly disclosed
Inscale Hospitality LLP 0.00%newly disclosed
M/s. Naos Spa & Wellness PrivatenLimited 0.00%newly disclosed
Sonal Pakvasa 0.00%unchanged
M/s Grace Realtors 0.00%newly disclosed
M/s. Scavengers Welfare Foundation 0.00%newly disclosed

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
-13.7% 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
Price today ₹85.35

Change the assumptions yourself →

All earnings calls (2)

Read the Q4 FY26 call →

Learn to analyse Eleganz Interior

Guides on how to read this kind of business and the numbers that matter.