TickerSutra

NSE: DENTA · BSE: 544345 · ISIN INE0R4L01018

Denta Water and Infra Solutions Limited stock analysis

Denta Water and Infra Solutions Limited ranks #2715 in the TickerSutra evidence-ranked universe with a score of 45/100 and 87% data confidence. The latest captured fundamentals show ROCE of 18.8%, quarterly sales growth of -12.8% and quarterly profit growth of -39.8%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE45/100

Avoid / exit review

#2715 of 5,430 ranked equities
Market capitalisation₹744.93cr
ROCE18.8%
Quarterly sales growth-12.8%
Quarterly profit growth-39.8%
P/E ratio13.9×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.03×
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×
  • Operating margin has compressed materially

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹120cr₹52cr₹38cr43.0%
2023₹174cr₹67cr₹50cr38.0%
2024₹239cr₹79cr₹60cr33.0%
2025₹203cr₹68cr₹53cr34.0%
2026₹250cr₹74cr₹61cr30.0%
TTM₹242cr₹65cr₹54cr27.0%
Debt / equity0.03×
CFO / EBITDA-0.46×
Operating margin27.0%
Free cash flow₹-35cr
Sales CAGR · 3Y12.8%
Profit CAGR · 3Y6.9%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts4 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Raw material inflationHigh severity · 1 mention
Risk easing

Financial / Operational Metric Value for FY2025-26 YoY Growth / Strategic Context Revenue from Operations `2,503.79 Million +23.17% YoY growth over `2,032.85 Million in FY2024- 25, driven by peak execution density and deferred billing realization. EBITDA `834.87 Million +15.26% YoY absolute growth over `724.33 Million in $fŮŬŮŰưŮűƜÀŒðŒƒÈœ®—ŒíƒœŒ®ÈÀŒÃ³ËÀƒŒv¨¨³ƒvȜ³®ƛ EBITDA Margin 33.34% šŒv¨Èšâ­vÀ—œ®³–ůůƛůŰǦ

Operating leverageHigh severity · 1 mention
Positive catalyst

FY2026 is the year we put it to work. FY2027 is the year operational leverage manifests in the bottom line.” this capability. Our specialisation translates directly into higher technical eligibility scores in Ȍ®ˆŒÀ½ÀŒư¿Ëv¨œïƒvȜ³®v®ˆ into the 70%-75 % win ratio Our Company has maintained.

Margin guidanceHigh severity · 1 mention
Caution

Right now, I don't have that available. Page 11 of 14 Sachin Abhyankar: But then what should be the margin guidance you are going to give for the current year? Because you are already down from 34% to 19%.

Working capital stretchHigh severity · 2 mentions
Risk easing

Management Discussion & Analysis Contd... 5352 www.denta.co.in www.denta.co.in Denta Water And Infra Solutions Limited Annual Report 2025-26 Strategic Report Statutory Report Financial Statements Mitigation: We pursue strategic procurement at attractive price points, supported by IPO-funded inventory build-up. Bid pricing incorporates appropriate contingency for input cost variability.

Regulatory updatesModerate severity · 11 mentions
Constructive

India’s industrial water and wastewater infrastructure market is projected to grow from US$2.87 billion in 2024 to US$4.65 billion by 2030, expanding at a CAGR of 8.3% . Demand is being driven by water- intensive sectors, such as food and beverage, microelectronics, chemicals, pharmaceuticals, textiles, and metallurgy, where Zero Liquid Discharge compliance is migrating from a regulatory burden to a balance- sheet im

Export market updatesLow severity · 1 mention
Constructive

Within the wastewater segment, the West region accounts for 35% to 36% of the FY2024 market, followed by the North (23% to 24%), South (22% to 23%), and the combined Central and East regions (~18% to 21%). SšŒȳ½ïیÃÈvȌÜ®œ®ÃÈv¨¨Œˆ wastewater treatment capacity are Maharashtra, Gujarat, Uttar Pradesh, Delhi and Karnataka, three of which align directly with Our Company’s stated medium- term geographic expansion

Regulatory approvalLow severity · 10 mentions
Watch

DEPOSITS The Company has not accepted any deposits within the meaning of Sections 73 and 74 of the Companies Act, 2013 īЭÌœðĴìĴìÐ ďĉĨ­ĊðÐĮȧÆÆÐĨĴ­ĊÆÐďå#ÐĨďĮðĴĮȨtķăÐĮș 2014 during FY 2025-26. q­īĴðÆķă­īĮ 9šǡǟǡǤȭǡǥ Deposits accepted during the year Nil Deposits remaining unpaid or unclaimed at the end of the year Nil Default in repayment of deposits / payment of interest Nil Number of such cases and amount in

Customer concentrationLow severity · 1 mention
Watch

This section provides an overview of the principal risk categories, the ýŒƒœïƒŒá½³ÃËÀŒÃÀŒ¨ŒÛv®Èȳ Our Company, and the mitigation measures in place. 7.1 Strategic and Business Risks Client Concentration Risk: Our Company derives most of its revenue from contracts awarded by Government bodies, urban local bodies, and public sector undertakings, primarily within the State of Karnataka. This concentration exposes O

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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