Sansera guides FY27 ADS revenue ₹550-600 cr, order backlog ₹44.6 bn

Sansera Engineering's concall laid out a specific FY27 revenue target of ₹550-600 crore for its aerospace & defence segment, backed by an unexecuted order backlog of ₹44.6 billion. That backlog alone gives management multi-year visibility, assuming even partial execution. The company plans to keep capex near FY26 levels of ₹5,097 million, signalling continued investment in capacity. While management's tone was cautiously optimistic, the numbers themselves are concrete – a shift from the qualitative updates typical of many concalls. The ADS segment is no longer an aspiration; it's a tracked P&L line with a visible pipeline. For investors, the key metric to track now is conversion: how fast that backlog turns into revenue and whether margins inch toward the company's stated trajectory.