Eleganz Interiors Ltd(ELGNZ)

NSE: ELGNZ

₹ 76.65-8.15%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 173 crUpdated: 24 Oct 2026

About

Eleganz Interiors, incorporated on April 18, 1996, provides interior designing and fit-out services end to end, from concept and design through procurement to final execution. It reports a single business segment, interior contracting services. Revenue was Rs 400.22 crore in FY26, and its order book stood at ₹621.46 crore as of June 30, 2026.^[1][2][3]

Business model and mix

The company reports a single primary business segment, interior contracting services (FY26).^[1]
Revenue by business model in 9M FY26: Design & Build 72.1%, General Contracting 27.9%.^[4]
Revenue by business model in H1 FY26: Design & Build 39.5%, General Contracting 60.5%.^[5]
Scope of work in 9M FY26: 65.9% of revenue as principal contractor and 34.1% as sub-contractor.^[4]
Services run end to end, from concept development and design through procurement to final execution (FY26).^[1]

Order book and pipeline

Order book was ₹621.46 crore on June 30, 2026, up from 546.8 Cr of unexecuted orders on March 31, 2026.^[3][1]
Fresh orders of ₹148.96 crore were secured in April - June 2026 (Q1 FY27) from Grade-A and Fortune 500 clients.^[3]
Bid pipeline was about ₹2,600 crore in FY26, and management cites a 10 - 15% success rate.^[3][6]
Large orders won include a ₹1,881 Mn airport renovation (general contracting, over three years) and a ₹1,597 Mn Design & Build project for a software company (9M FY26).^[4]
Only ₹1 crore had been billed on the airport project as of the Q2 FY26 call, after delays in mock-up approval and in delivery of an imported product.^[5]

Operations and manufacturing

The current factory at Vasai covers 27,190 sq. ft. About 40% of manufacturing needs were outsourced as of the Q2 FY26 call.^[5]
Key raw materials are wood and wood-based products, metals, glass, flooring and plumbing materials, and HVAC products. Most contracts other than Design & Build carry price-adjustment clauses (FY26).^[1]
Microsoft Dynamics ERP went live on the first project around the Q4 FY26 call, covering everything from tendering to accounts. AI tools raised the productivity of the 12-person 3D team by an estimated 30%.^[6]
A design studio and office opened at BKC, Mumbai, on November 3, 2025, as a client-facing hub for design and Design & Build work.^[5]
Working capital days were 89 in FY26, up from 66 in FY25.^[6]

Customers and markets

The top 5 customers accounted for 48.6% of revenue in FY26. In 9M FY26 the top 5 had 49.1% and the top 10 had 66.2%.^[6][4]
Repeat customers made up 48.8% of revenue in FY26.^[3]
Projects are mainly in Maharashtra, Karnataka, Telangana, Tamil Nadu and Andhra Pradesh, with the most in Maharashtra and Karnataka (FY26).^[1]
Most clients are in the private sector, and the company intends to bid for public sector contracts (FY26).^[1]
The company has executed small parts of two branded data centres and is now bidding for larger data centre fit-outs (Q4 FY26).^[6]

Expansion and capex

Land has been bought at Khopoli for a fully automated factory with a modular production line and soft-furnishing manufacturing. Management expects it to be operational in about two years, and the capex is not yet finalised.^[6][5][3]
The company plans to widen its EPC scope to structural (RCC/shell), landscaping, facade and utilities work, with a long-term focus on data centre turnkey projects.^[3]
Management is evaluating an MEP consortium or a small acquisition to build data centre fit-out capability (Q4 FY26).^[6]
Branch offices are being opened beyond western and southern India.^[3]
The UAE wholly owned subsidiary is licensed and runs a virtual office, with a bid pipeline of 30 million dirhams across two projects (Q4 FY26).^[6]

Recent developments

On Oct 5, 2026, the company received an INR 6,93,00,000 contract from a Mumbai-based media conglomerate. The scope covers civil, fit-out, furniture, electrical, HVAC, plumbing and firefighting works, to be executed by April 2027.^[7]
On Jan 14, 2026, the board approved acquiring the remaining stake in Eleganz Interiors Pte. Ltd. (Singapore). The deal was pending FEMA approvals as of March 31, 2026.^[1]
The board approved buying a 33.33% stake (10,000 shares) in SAR Universal Infra Private Limited. The deal was pending as of March 31, 2026.^[1]
The Korean partner in the 50-50 Singapore joint venture exited in the month before the Q4 FY26 call, and the entity is restarting on its own.^[6]
Clients accepted price escalations on ongoing projects after metal costs rose sharply on geopolitical tensions (Q4 FY26).^[6]

Market Cap

₹173 Cr

High / Low

₹143 / 52

Stock P/E

7.2

Price / Book

1.0

Book Value

₹77

EPS

₹9.8

No. of Shares

2.26 Cr

ROCE

18.8%

ROE

13.5%

OPM

8.9%

Debt / Equity

0.24

Sales

₹400 Cr

Net Profit

₹22 Cr

Promoter holding

69.2%

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