Sattva Engineering Construction Ltd(SATTVAENGG)

NSE: SATTVAENGG

₹ 46.05-1.81%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 80 crUpdated: 24 Oct 2026

About

Sattva Engineering Construction Ltd builds water and wastewater infrastructure: water supply schemes, underground sewerage systems, sewage treatment plants, water treatment plants and odour control systems, mainly for public water boards in Tamil Nadu. Revenue from operations was INR143.2 crores in FY26, up from INR108.6 crores in FY25. Its order book stood at INR447 crores as of May 15, 2026, of which INR127 crores came from Karnataka and the rest from Tamil Nadu. The company listed on the NSE Emerge SME platform on September 3, 2025.^[1][2]

Business segments

Water Supply Scheme: 49.48% of total income in H1 FY26 vs 63.61% in FY25.^[3]
Underground Sewerage System: 37.30% of total income in H1 FY26 vs 26.04% in FY25.^[3]
Sewage Treatment Plant: 11.93% of total income in H1 FY26 vs 2.95% in FY25.^[3][2]
The company re-entered the Odour Control System segment in FY26 and plans to re-enter industrial and utility buildings as a separate profit centre in FY2026-27.^[1][2]

Order book and inflows

Order book was INR323 crores across 13 projects as of March 31, 2026, and INR447 crores as of May 15, 2026.^[1]
Order book was ₹340 Crores as of December 31, 2025, with execution visibility of about 18-24 months; there were 15 ongoing projects in Q3 FY26.^[2]
Order book was ₹30,809.45 lakhs across 14 ongoing projects as of March 31, 2025.^[3]
Order inflows were INR286 crores in FY26.^[1]
A tender pipeline of INR161 crores was under discussion as of May 2026.^[1]

Key projects

Design, build, operate and transfer of a 47 MLD water treatment plant at Surapet, Chennai, for CMWSSB, valued at INR106 crores including 10 years of O&M; this is the company's largest single project.^[1][2]
INR40.5 crore odour control system contract from CMWSSB covering 46 sewage pumping stations in Chennai, including five years of O&M.^[1]
The Semmenchery Water Supply Scheme (1,100 house service connections, 25.1 km of mains) was inaugurated by the Tamil Nadu Chief Minister on 05 February 2026.^[2]

Customers and geography

Of the INR447 crore order book in May 2026, INR127 crores was from Karnataka and the rest from Tamil Nadu.^[1]
The first BWSSB order was an odour control unit at the Hebbal 100 MLD UWTP worth Rs. 4.21 Crores, followed by two BWSSB Bangalore projects worth INR124 crores.^[2][1]
Several projects are partly funded under AMRUT and JJM, and some by the World Bank and Asian Development Bank through government bodies.^[3]
The company plans to expand into UP, Rajasthan, Haryana and Andhra Pradesh.^[1]

Working capital and balance sheet

Working capital days were 139 in FY26 vs 118 in FY25; debtor days were 126 in FY26, against a target of below 100.^[1]
Net debt-equity was about 0.2 in FY26 vs 0.8 in FY25; adjusted net worth was INR88.1 crores in FY26 vs INR43.4 crores in FY25.^[1]
Management stated that no new debt is planned for FY27 and that growth will be funded from internal accruals and existing working capital limits.^[1]

Recent developments

The IPO was completed and the shares listed on the NSE Emerge SME platform on 03 September 2025.^[2]
EBITDA margin was 15.4% in FY26 vs 17.1% in FY25, which management attributed to start-up costs in the WTP segment; the margin was 17.5% in H2 FY26.^[1]
Management targets 50-60% revenue growth over FY27 and FY28 and an EBITDA margin of 15-16%.^[1]

Market Cap

₹80 Cr

High / Low

₹94 / 44

Stock P/E

8.5

Price / Book

1.4

Book Value

₹50

EPS

₹7.5

No. of Shares

1.75 Cr

ROCE

19.0%

ROE

14.8%

OPM

15.6%

Debt / Equity

0.34

Sales

₹143 Cr

Net Profit

₹13 Cr

Promoter holding

62.9%

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