Telge Projects guides for 60-70% revenue growth in FY27
The structural engineering firm plans to double down on larger projects and acquisitions after a 57% jump in FY26 revenue.
— 1 earlier story on Telge Projects Ltd. →What's new
- Management guided for 60-70% revenue CAGR in FY27, targeting ~35% EBITDA margins.
- Plans to increase average project size to ₹8-10 crore and cross-sell services after its US acquisition.
- Evaluating further MEP design acquisitions; ₹5 crore from IPO proceeds earmarked.
Why this matters
The guidance implies FY27 revenue of ₹64-68 crore from a ₹40.2 crore base. For a ₹104 crore market cap company, it’s an aggressive bet on scaling through bigger deals and new capabilities. Execution risk is high given the small order book.
What we're watching
- Conversion of the ₹6 crore pipeline into the targeted larger ticket sizes.
- Cross-selling traction from the Edward Farr Architects acquisition.
- Whether the company closes its first MEP design acquisition.
The full read
Telge Projects is guiding for 60-70% revenue CAGR in FY27. That is a step up from the 57% growth it just posted in FY26 to ₹40.2 crore. The structural engineering firm plans to get there by pushing average project sizes to ₹8-10 crore and cross-selling after its March acquisition of Edward Farr Architects. It is also hunting for deals in MEP design, with ₹5 crore set aside from IPO proceeds. The immediate backdrop is a ₹25 crore order book and a ₹6 crore pipeline. For a company with a ₹104 crore market value, the guidance is bold. The margin target of ~35% EBITDA is the constraint. Growing this fast without diluting profitability is the test.
Questions answered
- What underpins Telge's 60-70% growth guidance?
- A ₹25 crore order book and a ₹6 crore pipeline. Management plans to grow by selling larger projects (₹8-10 crore each) and cross-selling services acquired with Edward Farr Architects.
- How does the planned shift in project size change the business?
- It aims to roughly double the average deal size, moving toward integrated service packages. This is the core post-acquisition strategy to lift revenue per client.
- What is the acquisition plan and budget?
- The company is evaluating acquisitions in MEP design services. It has set aside ₹5 crore from its IPO proceeds to fund them.
- Are the guided margins sustainable at that growth rate?
- Management expects to maintain the ~35% EBITDA margin achieved in Q4 FY26, alongside a ~23% PAT margin. The key challenge is achieving 60-70% growth without diluting these levels.
Telge Projects Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on TELGE →- 22 May 2026 · 11:47 AM IST Telge Projects guides for 60-70% revenue growth in FY27
- 4d ago Telge promoter relative adds ₹38.58 lakh in shares; stake still tiny