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Telge Projects Ltd

TELGE·BSE
252.35+4.99%Tue, 22 Sept '26 10:05

Telge Projects Ltd

TELGE
BSE
252.35
+4.99%
|Tue, 22 Sept '26 10:05
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
247Cr
Close
Close Price
252.35
Industry
Industry
Engineering - Turnkey Services
PE
Price To Earnings
28.68
PS
Price To Sales
5.07
Revenue
Revenue
49Cr
Rev Gr TTM
Revenue Growth TTM
PAT Gr TTM
PAT Growth TTM

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
5138891417
Growth YoY
Revenue Growth YoY%
71.313.8100.8
Expenses
ExpensesCr
577681013
Operating Profit
Operating ProfitCr
1612154
OPM
OPM%
14.047.614.721.612.034.024.5
Other Income
Other IncomeCr
0010000
Interest Expense
Interest ExpenseCr
0101000
Depreciation
DepreciationCr
0000001
PBT
PBTCr
0621144
Tax
TaxCr
0100011
PAT
PATCr
0411143
Growth YoY
PAT Growth YoY%
277.3-17.4145.1
NPM
NPM%
4.233.614.48.69.124.417.5
EPS
EPS
2.240.01.61.70.83.42.9
QuarterDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
5138891417
Growth YoY
Revenue Growth YoY%
71.313.8100.8
Expenses
ExpensesCr
577681013
Operating Profit
Operating ProfitCr
1612154
OPM
OPM%
14.047.614.721.612.034.024.5
Other Income
Other IncomeCr
0010000
Interest Expense
Interest ExpenseCr
0101000
Depreciation
DepreciationCr
0000001
PBT
PBTCr
0621144
Tax
TaxCr
0100011
PAT
PATCr
0411143
Growth YoY
PAT Growth YoY%
277.3-17.4145.1
NPM
NPM%
4.233.614.48.69.124.417.5
EPS
EPS
2.240.01.61.70.83.42.9

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
12264049
Growth
Revenue Growth%
106.457.0
Expenses
ExpensesCr
9173137
Operating Profit
Operating ProfitCr
48912
OPM
OPM%
30.732.222.424.5
Other Income
Other IncomeCr
0111
Interest Expense
Interest ExpenseCr
0111
Depreciation
DepreciationCr
0011
PBT
PBTCr
47810
Tax
TaxCr
1222
PAT
PATCr
3568
Growth
PAT Growth%
103.915.8
NPM
NPM%
21.421.115.616.5
EPS
EPS
4.451.67.08.8
Financial YearMar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
12264049
Growth
Revenue Growth%
106.457.0
Expenses
ExpensesCr
9173137
Operating Profit
Operating ProfitCr
48912
OPM
OPM%
30.732.222.424.5
Other Income
Other IncomeCr
0111
Interest Expense
Interest ExpenseCr
0111
Depreciation
DepreciationCr
0011
PBT
PBTCr
47810
Tax
TaxCr
1222
PAT
PATCr
3568
Growth
PAT Growth%
103.915.8
NPM
NPM%
21.421.115.616.5
EPS
EPS
4.451.67.08.8

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2024Mar 2025Mar 2026Jun 2026
Equity Capital
Equity CapitalCr
111010
Reserves
ReservesCr
4113235
Current Liabilities
Current LiabilitiesCr
47128
Non Current Liabilities
Non Current LiabilitiesCr
1666
Total Liabilities
Total LiabilitiesCr
10266160
Current Assets
Current AssetsCr
5114444
Non Current Assets
Non Current AssetsCr
5141716
Total Assets
Total AssetsCr
10266160
Financial YearMar 2024Mar 2025Mar 2026Jun 2026
Equity Capital
Equity CapitalCr
111010
Reserves
ReservesCr
4113235
Current Liabilities
Current LiabilitiesCr
47128
Non Current Liabilities
Non Current LiabilitiesCr
1666
Total Liabilities
Total LiabilitiesCr
10266160
Current Assets
Current AssetsCr
5114444
Non Current Assets
Non Current AssetsCr
5141716
Total Assets
Total AssetsCr
10266160

Cash Flow

Consolidated
Standalone
Financial YearMar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
331
Investing Cash Flow
Investing Cash FlowCr
-3-9-3
Financing Cash Flow
Financing Cash FlowCr
0723
Net Cash Flow
Net Cash FlowCr
0121
Free Cash Flow
Free Cash FlowCr
331
CFO To PAT
CFO To PAT%
116.559.012.7
CFO To EBITDA
CFO To EBITDA%
81.238.88.8
Financial YearMar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
331
Investing Cash Flow
Investing Cash FlowCr
-3-9-3
Financing Cash Flow
Financing Cash FlowCr
0723
Net Cash Flow
Net Cash FlowCr
0121
Free Cash Flow
Free Cash FlowCr
331
CFO To PAT
CFO To PAT%
116.559.012.7
CFO To EBITDA
CFO To EBITDA%
81.238.88.8

Ratios

Consolidated
Standalone
Financial YearMar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
94247
Price To Earnings
Price To Earnings
15.828.7
Price To Sales
Price To Sales
2.35.1
Price To Book
Price To Book
2.35.6
EV To EBITDA
EV To EBITDA
9.017.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
87.498.799.099.0
OPM
OPM%
30.732.222.424.5
NPM
NPM%
21.421.115.616.5
ROCE
ROCE%
50.239.917.122.3
ROE
ROE%
57.047.015.018.1
ROA
ROA%
25.621.210.313.4
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
94247
Price To Earnings
Price To Earnings
15.828.7
Price To Sales
Price To Sales
2.35.1
Price To Book
Price To Book
2.35.6
EV To EBITDA
EV To EBITDA
9.017.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
87.498.799.099.0
OPM
OPM%
30.732.222.424.5
NPM
NPM%
21.421.115.616.5
ROCE
ROCE%
50.239.917.122.3
ROE
ROE%
57.047.015.018.1
ROA
ROA%
25.621.210.313.4
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Telge Projects is a global engineering firm built on a simple idea: take India’s deep pool of structural engineering talent and deliver it to builders and architects in the world’s richest construction markets. It started in 2018 with ten engineers doing steel and precast detailing, and in 2026 it bought a US architecture firm, stretching its reach from a building’s first sketch to its final digital model. The recurring approach is to combine high-skill Indian execution with an asset-light, technology-heavy model - writing its own software tools and running two-shift delivery centres so it can charge higher hourly rates while keeping fixed costs low. # Business segments A single integrated engine - architecture, engineering and BIM services - delivered from India to fabricators and builders across six continents, with a growing US front-end. ## 1. AEC services: the digital backbone of other people’s construction sites **The company sells engineering hours, not products - it models steel connections, designs precast panels and drafts architectural plans for contractors who need specialist capacity without hiring it permanently.** - **Paid by the hour, aiming higher** - clients are billed on an hourly-rate basis, and the company is pushing its blended rate from a historical $25-$35 per hour toward $45-$60 per hour, which is how it grows revenue without adding more seats. - **One project, nine gates** - every job moves through a fixed nine-step process, from the first review of a client’s drawings through man-hour estimation and modelling to a final quality check and construction handover, so pricing and delivery are standardised even when the work is bespoke. - **The US buys, India builds** - six American offices in states from Colorado to Virginia find the work and manage the client, while three Indian delivery centres in Pune, Latur and Nashik execute it, often on a two-shift timetable that turns a single desk into almost two days of output. - **Bought the front-end of the value chain** - the acquisition of Edward Farr Architects in 2026 added architecture, interior design and planning, so the company can now enter a project at the concept stage and keep it through structural engineering and BIM, rather than waiting for a fabricator to hand down drawings. - **Software is the in-house advantage** - a dedicated R&D team builds custom plug-ins, AI-driven BIM dashboards and automation scripts inside tools like Tekla Structures and Revit, which cuts task time and creates a productivity gap that pure-services rivals cannot easily copy. # Group structure and partners **A listed Indian parent feeds work to three US brands, each acquired for a specific skill, while execution stays in India.** - **Telge Projects Ltd is the listed holding company**, registered in Pune and traded on the BSE SME platform since October 2025, with all Indian delivery operations sitting directly under it. - **Telge Global Inc. is the US umbrella** - originally incorporated in Virginia, it was domesticated to Texas in April 2026 and now holds the group’s three American operating entities, handling business development and client relationships while the parent executes the work. - **Midwest Detailing and Draftco Inc. bring steel detailing heritage** - both founded in 1969 and acquired in 2024, they give the group a US-based steel detailing front-end, supported by an expanded SDS2 team in India that does connection design and detailing. - **Edward Farr Architects was the latest piece** - bought for USD 190,000 in March 2026 and led by its founder Ed Farr, it added specialised architecture and planning services in the US and became a step-down subsidiary under Telge Global Inc..

Documents — Telge Projects Ltd

  • Q4 FY2026 Earnings Call Transcript (Mar 2026, PDF): https://www.stockscans.in/document/cp7u4b2fbd1u2revp22fmdbz.pdf
  • Q2 FY2026 Earnings Call Transcript (Sep 2025, PDF): https://www.stockscans.in/document/uhf1sz7yyrf5kyebl3e6tghu.pdf
  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/4ri36sw4xoobryiw3xkit0ss.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/xa5x8jcyr9j4ozumujnh6u66.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/6nkvdu9gh4w0jzpcs0mv72o9.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/duxkr6lyqld7qcddo7l1vxiv.pdf
  • Q4 FY2026 Investor Presentation (Mar 2026, PDF): https://www.stockscans.in/document/m3108co0e40dbl7gyo1eitil.pdf
  • Q2 FY2026 Investor Presentation (Sep 2025, PDF): https://www.stockscans.in/document/0e5f2agbp0toeht7eikeqyvs.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/vkzm0x4zvfca3dpw20zpuqjt.pdf

Concall Transcript Summaries — Telge Projects Ltd

  • Q4 FY2026 Concall Transcript Summary (Mar 2026): https://www.stockscans.in/company/BSE%3ATELGE/transcript-notes/202603/cp7u4b2fbd1u2revp22fmdbz.pdf
  • Q2 FY2026 Concall Transcript Summary (Sep 2025): https://www.stockscans.in/company/BSE%3ATELGE/transcript-notes/202509/uhf1sz7yyrf5kyebl3e6tghu.pdf