Mumbai-based interior fit-out contractor delivering Design & Build and General Contracting projects for corporate offices, R&D facilities, labs and airport/retail spaces across India.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 289 | +43.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 10.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 20.0 | +81.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −6.9 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -6.25 | −6.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −76.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
1 of 3 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| H2 FY26 EBITDA Margin | 9% | Q2 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. | Achieved |
| FY26 Revenue Growth | 15% to 20% (Close to ₹425 crores - ₹450 crores) | Q2 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. | Missed |
| Future PAT Margin | 7% to 8% | Q2 FY26 | Management softened the guidance to 'up to 7%' and acknowledged analyst concerns about low margins, stating 'PAT margins can slowly go up'. | Revised Down |
2 of Eleganz Interior's 10 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹132.05 on 24 Oct 2025 → ₹85.9. High ₹132.05 (24 Oct 2025), low ₹53.55 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
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
close before → close after
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.
Guidance
1 of 3 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| H2 FY26 EBITDA Margin | 9% | Q2 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. | Achieved |
| FY26 Revenue Growth | 15% to 20% (Close to ₹425 crores - ₹450 crores) | Q2 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. | Missed |
| Future PAT Margin | 7% to 8% | Q2 FY26 | Management softened the guidance to 'up to 7%' and acknowledged analyst concerns about low margins, stating 'PAT margins can slowly go up'. | Revised Down |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 10 tracked commitments, with each call’s wording and source.
Call summaries
Eleganz Interior Q4 FY26
Eleganz Interiors reported a strong H2 FY26 performance with significant revenue and margin growth, though full-year revenue growth was modest. The company maintains a robust order book and projects 25% revenue growth for FY27. Key focus areas include improving working capital, expanding into data centers, and leveraging AI, while addressing concerns about PAT margins and H1 performance volatility.
Read the full callEleganz Interior H1 FY26
Eleganz Interiors reported H1 FY26 revenue of ₹111 crores with a compressed PAT margin of 2% due to lower execution and fixed costs. However, the company maintains a robust order book of ₹586 crores and a strong bidding pipeline of ₹4,000 crores. Management expects significant recovery in H2, targeting ₹300-350 crores in sales, aiming for 15-20% full-year growth and a 25-30% CAGR over the next 3-5 years, driven by larger Design & Build projects and strategic expansion into EPC.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +82% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 192 | 201 | 111 | 289 |
| Expenses | 176 | 183 | 106 | 260 |
| Operating profit | 16 | 17 | 5 | 30 |
| Operating margin | 8.0% | 9.0% | 4.3% | 10.0% |
| Other income | 0 | 2 | 3 | 2 |
| Interest | 2 | 2 | 2 | 2 |
| Depreciation | 1 | 2 | 1 | 2 |
| Profit before tax | 13 | 15 | 5 | 28 |
| Tax rate | 25.0% | 27.0% | 33.0% | 27.0% |
| Net profit | 10 | 11 | 2 | 20 |
| EPS (₹ per share) | 5.74 | 4.94 | 1.02 | 9.03 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 15 | 23 | 23 | 23 |
| Reserves | 28 | 38 | 36 | 130 | 132 | 152 |
| Borrowings | 23 | 28 | 43 | 6 | 44 | 42 |
| Other liabilities | 52 | 49 | 78 | 72 | 70 | 116 |
| Total liabilities | 103 | 116 | 172 | 230 | 268 | 333 |
| Fixed assets | 11 | 12 | 12 | 13 | 19 | 21 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 2 | 2 | 3 | 2 |
| Other assets | 92 | 104 | 158 | 214 | 247 | 309 |
| Total assets | 103 | 116 | 172 | 230 | 268 | 333 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 13 | -6 | 1 | -4 | 3 | -13 |
| Cash from investing | 0 | 1 | -3 | -2 | -49 | -17 |
| Cash from financing | -18 | 3 | 3 | 11 | 39 | 33 |
| Net cash flow | -4 | -1 | 2 | 6 | -7 | 2 |
| Free cash flow | 13 | -6 | -1 | -6 | -1 | -25 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 55 | 70 | 69 | 79 | 40 | 138 |
| Inventory days | 373 | — | — | 181 | 191 | 80 |
| Days payable | 767 | — | — | 190 | 92 | 132 |
| Cash conversion cycle | -339 | 70 | 69 | 70 | 139 | 85 |
| Working capital days | 20 | 39 | 47 | 42 | 76 | 71 |
| Return on capital employed | −18.0% | 15.0% | 21.0% | 24.0% | 25.0% | 20.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 69.23% as of Mar 2026; institutions cut 0.44 pts since Sept 2025.
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.
Named in the Mar 2026 filing
Every holder of Eleganz Interior above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 69.23% | +0.25 pp | |
| AIF | 3.47% | unchanged |
| FPI fund | 1.09% | unchanged |
| AIF | 1.01% | unchanged |
| — | 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.
Your own record
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