What is the significance of the new Chennai contract?

It is the largest project in the company's history at ₹106 crore. It also provides long-term visibility through a 10-year operations and maintenance component.

How much revenue growth is management targeting?

The company expects a 50-60% revenue CAGR for the FY27-FY28 period.

What is the current size of the order book?

The order book stood at ₹447 crore as of May 15, 2026.

What is the outlook for EBITDA margins?

Management expects EBITDA margins to stabilize between 15% and 16%.

Concalls · Engineering - Construction · Micro cap

Sattva Engineering wins its largest project at ₹106 crore

The company reported a 32% revenue jump for FY26 and targets a 50-60% revenue CAGR through FY28.

SATTVAENGG 28 May 2026 · 12:49 PM IST Verify on NSE

Mkt cap₹112 cr

P/E8.58×

ROE21.05%

Debt / eq.0.83

₹106 cr Value of the new Chennai water treatment contract.

What's new

Revenue hit ₹143.2 cr for FY26, up 32% year-on-year.
Net profit rose 43% to ₹13.1 cr.
Order book reached ₹447 cr, aided by ₹124 cr in new Karnataka contracts.

Why this matters

The Chennai project is a major win that includes a 10-year operations and maintenance tail. Management's 50-60% revenue growth target is aggressive and hinges on the company successfully scaling its new Karnataka presence.

What we're watching

Execution progress on the Chennai water treatment plant.
Whether EBITDA margins hold in the 15-16% range as guided.
Further expansion beyond the Karnataka and Chennai markets.

The full read

Sattva Engineering Construction finished the year with revenue up 32% to ₹143.2 crore and net profit up 43% to ₹13.1 crore. The company now has a ₹106 crore water treatment project in Chennai, its largest contract ever. This win includes a 10-year operations and maintenance mandate.

New Karnataka contracts worth ₹124 crore pushed the total order book to ₹447 crore. Management expects a 50-60% revenue CAGR through FY28. EBITDA margins should land in the 15-16% range. That is the target. The company is now trying to scale its operations to meet these aggressive growth projections. Whether it can maintain these margins while managing a larger, more geographically diverse project portfolio is the next test.

Questions answered

What is the significance of the new Chennai contract?: It is the largest project in the company's history at ₹106 crore. It also provides long-term visibility through a 10-year operations and maintenance component.
How much revenue growth is management targeting?: The company expects a 50-60% revenue CAGR for the FY27-FY28 period.
What is the current size of the order book?: The order book stood at ₹447 crore as of May 15, 2026.
What is the outlook for EBITDA margins?: Management expects EBITDA margins to stabilize between 15% and 16%.

Mentioned: Sattva Engineering Construction · Chennai water treatment plant · Karnataka market

Primary source NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.