Fabtech Technologies Cleanrooms Ltd

BSE: 544332

₹ 409-5.80%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 504 crWebsite: www.fabtechcleanroom.comUpdated: 24 Oct 2026

About

Fabtech Technologies Cleanrooms provides end-to-end turnkey cleanroom solutions, reported as a single business segment, with manufacturing at Umbergaon, Gujarat and Hyderabad, Telangana. Reported FY26 revenue was 219.32 crore. Long rooted in pharma, it has expanded into solar, data-centre and semiconductor cleanrooms, and says it has more than 2000 clients and over 20 years of industry experience.^[1][2][3]

Business and products

The company provides end-to-end turnkey cleanroom solutions and reports this as its single business segment (FY26).^[1]
Kelvin, along with stakes in AART and Advantek, adds HVAC, MEP, air-handling and specialised engineering to the cleanroom offering (FY26).^[1]
FTCL and Aart jointly built dies and tooling for import-substitute T-grids, which were previously 100% imported. Aart won a ₹20 cr order for them from a solar company (Q2 FY26).^[4]
All raw materials, including GPSC coil, rockwool, isocyanate and polyol chemicals and aluminium profiles, are bought from Indian vendors (FY25).^[5]
The company is ISO 9001:2015 certified (FY26).^[1]

Manufacturing and capacity

The Umbergaon, Gujarat facility makes modular panels, doors and accessories (FY26).^[1]
The Hyderabad facility covers about 2 acres with around 50,000 sq ft built up. It can make about 2,000 sq m of panels per day on one puff-panel line and one rock-wool panel line (FY26).^[3][1]
Capacity utilisation was about 60% in Q2 FY26.^[4]

Order book and pipeline

The annual report puts the order position at ₹140.90 crore at 31 March 2026, up from ₹42 crore at 31 March 2025.^[1]
On the Q4 FY26 call, management gave the order book as about ₹199 cr and the pipeline as ₹480 cr. It expected the order book to reach almost ₹300 cr within 15-20 days.^[3]
The consolidated order book was ₹166.73 cr in Q2 FY26, split roughly 50:50 between pharma and non-pharma, with ₹800 cr of active leads.^[4]
In Q4 FY25 the consolidated order book was INR 90 crores and the pipeline was over INR 300 crores.^[5]

Customers and markets

The company says it has more than 2000 satisfied clients (FY26).^[1]
Its solar reference wins include a 68 crore Waaree project, due to be commissioned by July 2026, and Gopin Solar.^[3][4]
Data-centre customers include Nextra, NSE and CTRL S. NSE's BKC data-centre order was INR 5.45 crores (FY25).^[4][5]
Its first semiconductor order, worth INR 8.4 crores, came from CG Semi (FY25).^[5]
The company set up a UAE subsidiary to serve customers outside India (FY26).^[1]

Subsidiaries and associates

The Kelvin HVAC stake rose to 60.53% in FY26, from 51.33% in FY25. Management plans to raise it to 70-72%.^[3][5]
Altair was merged into Advantek, raising the Advantek stake to 34.99% from about 26%. The merger carried a one-time cost of about ₹1 cr in FY26.^[3]
Revenue at associate Aart, 28% held, grew to ₹34 cr in FY26 from ₹14 cr.^[3]

Expansion

Two roll-forming lines were added, each adding about ₹20-30 cr of capacity (Q2 FY26).^[4]
An automatic panel assembly line is due in Q1 FY27 and is expected to add about ₹100-120 cr of capacity.^[3]
The company has applied under the PLI scheme for its import-substitute products (FY26).^[3]

Recent developments

An EY forensic audit found employees moonlighting and leaking prices, which cost ₹208 cr of business in H1 FY26. Two employees were dismissed.^[4]
FY26 results include a ₹84 lakh debtor write-off ordered by the NCLT.^[3]
Shareholders approved the FTCL-ESOS 2025 employee stock option scheme by postal ballot on June 07, 2025.^[1]

Market Cap

₹504 Cr

High / Low

₹575 / 203

Stock P/E

31.9

Price / Book

5.3

Book Value

₹84

EPS

₹12.8

No. of Shares

1.23 Cr

ROCE

21.1%

ROE

16.1%

OPM

10.0%

Debt / Equity

0.19

Sales

₹219 Cr

Net Profit

₹17 Cr

Promoter holding

68.5%

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