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Concalls · Engineering - Construction · Micro cap

Sathlokhar guides FY27 revenue above ₹1,366 cr after order slowdown

Management targets over 70% revenue growth, but new-order flow has stalled since November 2025. The PEB plant lands in August.


Mkt cap₹987 cr
P/E23.07×
ROE24.80%
Debt / eq.0.05
>70% FY27 revenue growth guided by Sathlokhar

What's new

  • Sathlokhar guided for FY27 revenue above ₹1,366 crore, implying over 70% growth.
  • Order inflow has been sub-₹100 crore since November 2025, which management linked to macro headwinds.
  • Carry-forward order book is ₹715 crore, with ₹500-600 crore expected from existing clients.

Why this matters

The 70%-plus growth guide is aggressive for an engineering firm citing order-slowdown headwinds. The math hinges on ₹500-600 crore of new wins from existing clients, and whether the macro excuses for the sub-₹100 crore monthly inflow since November hold up.

What we're watching

  • Monthly order-inflow data to see if the slowdown reverses.
  • Commissioning of the PEB manufacturing facility in August 2026.
  • Mainboard uplisting timeline, targeted for 2027-2028.

The full read

Sathlokhar is calling for over 70% revenue growth in FY27, targeting ₹1,366 crore. The company has a ₹715 crore order book and expects to win ₹500-600 crore from existing clients. That confidence sits next to a clear problem: new orders have run below ₹100 crore a month since November 2025. Management called it macro. The test is whether the pipeline converts. The PEB plant lands in August, and the mainboard uplisting is a 2027-28 event. For now, this is a guidance call, not an order call.

Questions answered

What is the specific FY27 revenue target?
Sathlokhar guided for revenue above ₹1,366 crore, which would represent over 70% growth from its FY26 base.
Why has order inflow slowed?
Management attributed the sub-₹100 crore monthly order flow since November 2025 to temporary macroeconomic headwinds, not a loss of client confidence.
What underpins the growth target?
The guidance is backed by a ₹715 crore order book and an expectation of winning ₹500-600 crore of new work from its existing client base.
What is the operational update on the PEB plant?
The new pre-engineered building (PEB) manufacturing facility is scheduled for commissioning in August 2026.
Mentioned: ₹1,366 cr revenue target · ₹715 cr order book · PEB facility, Aug 2026
Primary source NSE

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