Desco Infratech Ltd.

Desco Infratech Ltd.

BBSE:DESCO
157.25
INR
-0.25
(-0.16%)
1.14BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
25.86
38.07
38.29
77.45
154.52
- -
Basic EPS, GAAP
1.07
1.6
4.5
11.8
21.3
- -
Free Cash Flow per Basic Share
0.16
-3.21
-1.55
-17.16
-28.6
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
5.02
6.56
15.62
76.7
92.22
92.22
Tangible Book Value per Share
5.02
6.56
15.62
76.7
92.22
92.22
Basic Weighted Avg Shares
8
8
8
8
8
8
Sales/Revenue/Turnover
199
292
294
594
1,186
- -
Operating Margin (%)
7.65
7.01
18.6
22.62
19.6
- -
Depreciation Expense
1
1
2
2
3
- -
Net Income, GAAP
8
12
35
91
163
- -
Effective Tax Rate (%)
31.43
29.44
30.55
25.1
25.23
- -
Profit Margin (%)
4.16
4.2
11.76
15.24
13.78
- -
Working Capital
39
60
109
588
639
639
LT Debt
13
27
16
36
33
33
Total Equity
39
50
120
589
708
708
Return on Invested Capital (%)
- -
14.26
24.4
22.34
21.78
- -
Return on Capital (%)
- -
15.76
27.42
23.01
21.78
- -
Return on Common Equity (%)
- -
27.62
40.61
25.56
25.21
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
79
40
122
LT Borrowings
36
23
33
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
- -
1,927
1,137

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
787
717
947
Cash, Cash Equivalents & STI
4
2
18
Accounts Receivable, Net
192
205
388
Inventories
28
42
55
Total Current Liabilities
199
158
308
Payables & Accruals
- -
- -
- -
ST Debt
79
40
122
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
20.32%
Free Cash Flow
- -
- -
66.71%
Net Income, GAAP
- -
- -
80.48%
Sales/Revenue/Turnover
- -
- -
99.53%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
294
2025
- -
- -
594
2026
- -
- -
1,186

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4.5
2025
- -
- -
11.8
2026
- -
- -
21.3

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Pankaj Pruthu Desai
Full Time Employees
361
Sector
Industrial services
Industry
Engineering & construction
Address
Surat India
IPO Date
Apr 1, 2025
Business
Desco Infratech Limited is an India-based infrastructure solutions provider and engineering, procurement, and construction (EPC) contractor specializing in energy, utility, and civil infrastructure projects. Founded in 2011 and headquartered in Surat, Gujarat, the company provides integrated end-to-end services across multiple utility sectors, serving central and state public sector undertakings, municipal corporations, and private sector energy corporations across more than 14 states and 55 cities throughout India, with emerging operations in the Middle East. The company operates primarily through four core business verticals: City Gas Distribution Infrastructure; Power Distribution and Transmission; Water Supply and Sanitation Systems; and Renewable Energy Infrastructure. Its portfolio of products and services includes: City Gas Distribution (CGD) EPC solutions encompassing the survey, engineering, laying, testing, and commissioning of underground and above-ground carbon steel and Medium-Density Polyethylene (MDPE) pipelines for Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) networks; installation of domestic, commercial, and industrial PNG last-mile connections and metering systems; trenchless horizontal directional drilling (HDD) services; and ongoing operations and maintenance (O&M) services, including gas leak detection, lock pressure testing, and emergency pipeline network maintenance; Power Infrastructure services covering the installation, erection, testing, and commissioning of Low Tension (LT) and High Tension (HT) transmission lines and underground cabling networks, alongside electrical substation work; Water Infrastructure engineering involving the turnkey design, construction, and deployment of water distribution networks, laying of high-density polyethylene (HDPE) and ductile iron (DI) pipelines, and civil construction of open wells, sump wells, pump houses, and overhead water storage reservoirs; Renewable Energy services comprising structural foundation engineering, reinforced cement concrete (RCC) piling, solar module mounting structure erection, balance of plant (BOP) construction, and electrical commissioning for utility-scale solar photovoltaic projects; and Bio-Energy development focusing on the generation and processing of Compressed Bio-Gas (CBG) from organic agricultural waste. In recent corporate developments, the company converted from a private entity into a public limited enterprise and completed its Initial Public Offering (IPO), listing on the BSE SME platform in April 2025 under the ticker DESCO (Scrip Code: 544387). Expanding into green fuels, the company acquired a 75% majority stake in Shri Green Agro Energies Private Limited (SGAEPL) and commissioned the initial phase of a commercial 5 tonnes per day (TPD) Compressed Bio-Gas manufacturing facility in Bulandshahr, Uttar Pradesh. In March 2026, Desco Infratech established its first international subsidiary, Desco Global FZ-LLC, in the United Arab Emirates to offer project consultancy and cross-border infrastructure management services. The company has also secured significant EPC order wins and service renewals from marquee clients, including Indian Oil Corporation Limited, Adani Total Gas Limited, Maharashtra Natural Gas Limited, Aavantika Gas Limited, and KP Energy Limited, while bolstering its executive leadership with the appointment of a President of Strategic Projects to oversee multi-state infrastructure scale-up.