Fabtech Technologies Cleanrooms Ltd (NSE: FABCLEAN) Q4 2025 Earnings Call dated Jun. 10, 2025
Corporate Participants:
Unidentified Speaker
Anup Manohar Munshi — Chief executive Officer
Ahmar Abrar — Sales Head
Sumit Drolia — Finance Advisor
Aasif Khan — Chairman
Raveendra Shetty — Managing Director
Analysts:
Unidentified Participant
Sahil Patil — Analyst
Prasenjit Paul — Analyst
Sanjay Shah — Analyst
Sampath Nayak — Analyst
Hitesh Randhawa — Analyst
Presentation:
operator
Ladies and gentlemen, good day and welcome to the Fabtech technologies Clean Rooms Limited H2FY25 earnings conference call hosted by Ecmel Strategic Advisors. As a reminder, all participant lines will be in Listen or D mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing 0 on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sahil Patil from Ecmel Strategic Advisors. Thank you. And over to you sir.
Sahil Patil — Analyst
Good afternoon and thank you. On behalf of ECMEL Strategic Advisors, I welcome you all to the conference call of fabtech technologies cleanliness limited. From the management side we have with us Mr. Asif Khan, chairman, Mr. Anup Kunshi, CEO Mr. Sumit Trolia, finance advisor, Mr. Ahmad Abrar, sales head ftcl. Mr. Ravindra Shetty, promoter and director at Kvil. Now I hand over the call to Mr. Anoop Munshi. Over to you sir.
Anup Manohar Munshi — Chief executive Officer
Good afternoon everyone and thank you very much. Sahil, dear friends and ladies and gentlemen, it’s really my privilege to welcome you to the first post result conference of FabTech Technologies Clean Room Limited. And we’re going to talk about our half year and full year results as of March 31, 2025. So let me introduce myself. I’m Anuk Munshi, the CEO of FTCL. And with me today are some of our leadership team. We have with us Mr. Ahmed Abrar who is head of sales all over India. Welcome.
Ahmar Abrar — Sales Head
Hello everyone.
Anup Manohar Munshi — Chief executive Officer
We. We have Mr. Ravindra Shetty with us who is the founder director of Kelvin, one of our subsidiaries.
Unidentified Speaker
Good afternoon everyone.
Anup Manohar Munshi — Chief executive Officer
We have with us Mr. Sumit Droglia who’s our financial advisor.
Sumit Drolia — Finance Advisor
Good afternoon everyone.
Anup Manohar Munshi — Chief executive Officer
And of course our patron and founder, director and Chairman Emeritus, Mr. Asif Khan.
Aasif Khan — Chairman
Good afternoon everyone. Welcome to the meeting.
Anup Manohar Munshi — Chief executive Officer
So let me start with the proceedings. Basically we’re going to give you a little background of our company and how we have performed in the last year. So we look forward to sharing these highlights and what has been a year of strong growth for us. I would say with a lot of prudent execution and a lot of acceleration that we have brought into our company. Okay? So sincere gratitude to all our stakeholders. And that’s what we begin with. And we believe that gratitude is the hallmark of any good organization, its people. And we like to express that sincerely to all our stakeholders, shareholders, customers, partners, employees and the broader investor community.
For the trust and the continued confidence you have placed in us, which is really heartening for all of us to know. So let me get on to the performance overview. Fundamentally. So FY25 has been an exceptional year for FabTech Technologies Clean Rooms Limited and we feel we have delivered a robust all round financial performance despite let’s say headwinds and macro environment being a little affected over the last six months or so. But somehow we think we’ve done our best. Our consolidated revenues, they grew by about 54.1% year on year and to a figure of 1-5003.19 lakhs, supported by a continued momentum in the infrastructure segment of the clean rooms.
And we had a very robust order execution and very disciplined operations throughout the year, which is what has given rise to these revenues. On the profitability front, our EBITDA rose by a major 88.2% to 1690.74 lakhs, which reflected both top line growth and a very efficient cost control. The EBITDA margin improved by almost 205 basis points to about 11.27% which talks a lot about the scalability of our operations and our focus on value engineering. And I may take a minute here, that value engineering for us has been a very, very important element for the last couple of years and it is delivering us good results at the bottom line.
Net Profit increased by 138.9% year on year to 1,329.56 lakhs, with our net profit margin expanding by 310 basis points to 8.8%. This sharp growth is a testament to our strategic clarity and execution capabilities fundamentally. Now let’s come to the H2 part. H2 for FY25 specifically we recorded revenues of 8,810.24 lakhs, which reflects the 52.8% growth over H2 FY24 and a net profit of 795.38 lakhs, up 55.7% year on year. Yeah. Now you will notice that these numbers are not merely financial markers. They basically validate our focus on operational excellence, our customer centricity, which has been a major focus for us and sustainable long term value creation.
So that’s what we look at because value creation for all of our shareholders, our stakeholders and everyone else. Okay, now some of the operational milestones and the strategic progress that has been made, we are highlighting some of these things to you, our shareholders. We have made significant strides beyond these numbers. Now, one of the highlights of the year has been the substantial reduction in our working capital cycle which improved from 173 days in FY24 to 123 days in FY25, a major 50 days reduction. This reflects a tighter and more agile operating model that enhances our cash flow profile and we do realize that this is an important element of any business collection and collecting the outstandings.
Our ROCE improved to about 22.8% which was up from 15.76 in the previous year, which underlines our focus on disciplined capital allocation and high return projects. In line with our post IPO roadmap, we have strategically enhanced our capabilities through inorganic expansion, as you would have noticed dear shareholders. Notably, we increased our stake in Kelvin Air Conditioning and ventilation Systems Private Limited to 51.33% which thus makes it a subsidiary. So this move strengthens our position in the H Vac domain which is a critical component of clean room infrastructure and opens up new avenues in high growth sectors such as semiconductors, electronics as well as healthcare.
Further, we are proud to share that we have secured our first order in the semiconductor industry which has been a landmark development for FabTech. The successful execution of this project will serve as a reference point for future growth in this high potential vertical. We also announced an interim dividend of 2 rupees per share as a gesture of appreciation to our long term shareholders. Well, this is not really a necessity, but a reflection of our confidence in the company’s financial strength and the long term prospects. As I said earlier, that gratitude is important part of our philosophy now.
Some of the outlooks for the future as we look ahead to FY26 we remain very optimistic though yes, challenges do persist, persist, whether they are global economic uncertainties or any sectoral headwinds that may be there. But we do believe that our fundamentals are strong, our strategy is sound and our team is fully committed. We are not building a company that chases short term wins. Our philosophy is centered around creating sustainable compounding value. As I have often said, our journey is not a quarter to quarter story. It’s about building momentum that becomes transformative especially as we move forward and beyond 2027.
So we’re looking at annualized results and annualized growth which is what we believe more rather than the quarter story. With our integrated in house manufacturing setup, increased control over project timelines and expansion into high value sectors, we are confident of scaling new heights in the coming years. You may be very happy to know that our project timelines we are working very hard on those to bring them down so that we can have a better circulation of the manpower, the funds and everything else. After all, speed is money. Once again I would like to thank all our investors stakeholders for your continued support.
Your trust strengthens our resolve to deliver performance with a purpose. Now I know I have taken a lot of time and with this I would like to now throw the floor open for any questions that you might have and I’m sure you’ll have many of them. Now I have my colleagues here who would be very happy to answer your questions. As I said, we have domain specialists here who are from the various elements of our business. So the floor is open for questions now. Ladies and gentlemen.
Questions and Answers:
operator
Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on their touchtone telephone. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Prashantjit Paul from 129 Wealth. Please go ahead.
Prasenjit Paul
Good afternoon sir.
operator
I will request you to please use your hands up.
Prasenjit Paul
I’m audible clearly.
operator
Yes sir, please.
Prasenjit Paul
Okay, so my first question is as you received the first order in semiconductor segment, so can you help me to understand is there higher margin or lower margin in this semiconductor segment compared to pharma and chemical projects?
Raveendra Shetty
Yeah, My name is Ravindra Shetty, the CEO and founder of Kelvin Air Conditioning. So as far as margin is concerned, semiconductor is not a very, very special margin project. It is, you know, in. In line with the pharmaceutical industry.
Prasenjit Paul
Okay. And if I’m talking about Kelvin. So right now Kelvin is a subsidiary but prior it was a standalone entity. So if I’m talking about the margin of Kelvin, so whether it is in line with the FABTECH or it is higher. Lower.
Raveendra Shetty
Yeah, it is almost in line with Fact Tech. So now last year we are closed at the 7% PAT.
Prasenjit Paul
7% PAT? Kelvin closed.
Raveendra Shetty
Yeah.
Prasenjit Paul
Okay. And finally what’s the replacement cycle of those projects or the solution that you are delivered? Because what I believe suppose today you are completing a project. So after that when the replacement demand or maintenance demand will come, is it?
Raveendra Shetty
Yeah. See as far as these projects are concerned, once we complete the project, we hand over the entire system to their project, their maintenance team because they will have their chief engineer, their engineering team who are maintaining not only the air conditioning as well as their other equipment cycle also. So that is the reason we maintain this system for one year. That is our defects, liability period. Or you can talk about, you know, warranty period. So after that if they need, we support them with the, you know, manpower. Sometimes, you know, they ask for operators for 24 by 7 operation.
So otherwise we leave it up to them whether they need our service or not.
Prasenjit Paul
Okay. So fairly I can assume once you build the clean room for your clients, then the client may not need another five or six years for any kind of replacement demand or any kind of refurbishment demand. If my understanding is correct.
Aasif Khan
Gentlemen, my name is Asif. I am backing Ravindra Shetty in any segment of the industries that we operate in or in any of the industries we operate in. Whether it is pharma, biotech and now expanding into semiconductors and electronics. There is always continuous expansions by the customer. So he keeps on doing projects year on year. And that’s a potential for us, number one. Number two, as we expand into the precision H Vac and turnkey clean rooms going forward there would be a lot of service opportunities also which will be arising. So service and this is addressing the last question of your service going forward will also be considered to be division bias and validations.
Prasenjit Paul
Okay, so how come this Kelvin becoming subsidiary will help you to accelerate our growth? What we are doing previously to what we will do in future, be it on top line, bottom line and how come it will help to accelerate our growth?
Aasif Khan
So for this you will have to go back six months. When we started doing the road shows we mentioned that we are doing the downstream part of the clean room that is the modular partition manufact and we did not have the H Vac and precision H Vac with us. Putting in Kelvin helps us to scope lift the entire offering.
Prasenjit Paul
Got it, Got it. Okay, thank you.
operator
Thank you. The next question is from the line of dhruvpedia from analytics Solutions. Please go ahead.
Unidentified Participant
Yes, thank you for the opportunity and congratulations for the good setup. Number My first question is what is your revenue outlook for financial year 26 and what is the trajectory in case of revenue for till financial year 2029.
Anup Manohar Munshi
So, so basically the inquiry bank and the. And the market which, which you are seeing that the clean room solutions. Demand for the clean room solutions have been increasing. Okay. From the investments coming in in data center and the semicon and the healthcare expansion. So basis that we can say that we will our growth will be steady and will be. We will be maintaining our margin as well with this steady growth. And for this year we will grow by 30 to 40%. And then there will be a steady growth for next three to four years.
Unidentified Participant
Okay, and by steady growth you mean. Can you just give a number to the steady growth?
Anup Manohar Munshi
Yes, as you mentioned it’s 30 to 40% growth that we are targeting. Of course, these are beatable numbers. The market as of now for semiconductors and the electronics is exploding. And we have maintained that post2027 is a real growth story. We are creating a unique design setup with manufacturing in house to enhance our value and control the project that we are doing and consolidation, market expansion and product growth are all moving in the right direction. This is a year, a very important year for us. So we will be achieving 30 to 40% of growth vis a vis last year.
Unidentified Participant
Perfect. Thank you so much. And the second question is on the margin trajectory.
Anup Manohar Munshi
You have mentioned that you are not very clear. Gentlemen. It’s a lot of disturbance when you speak.
operator
Yes. Mr. Dhruv, there’s a lot of background noise while you’re speaking. Can you move to a quieter place and ask your question?
Unidentified Participant
Is this better now? Yes.
operator
Yes, sir.
Unidentified Participant
Yes. So on the margin trajectory front I. Just want to ask you. You have mentioned that you will be having stable margin. So what kind of a margin we can expect this year and till FY29. So going forward we will be maintaining the margin that we have shown. This year it will be 8 to 10%. However, having said that let me also tell you the the reference building of semicons and data centers has begun. Tomorrow we get in order to establish large references. If we have to take a call on the margin we’ll do that. Growth for us and reference creation for making our mark in the semicon is very, very important.
Having said that, our traction and our reach in the pharma industry is beautiful. And we will despite taking some business calls we will be able to maintain margin. That is what we foresee. Thank you so much and all the best.
operator
Thank you. The next question is from the line of Sanjay Shah from KSA Shares and securities Private Limited. Please go ahead.
Sanjay Shah
Yeah. Good afternoon gentlemen. Thanks for opportunity.
Anup Manohar Munshi
How are you?
Sanjay Shah
Namaskar sir. All well, sir. And thanks for coming on on call and giving us understanding and the very nice presentation and understanding. So my query was regarding. We have. It is a remarkable that we could achieve a working capital cycle down downward from 173 to 123. So is this a norm or still there is a scope of reducing it.
Anup Manohar Munshi
From here on as long as you guys keep pushing us there will always be a scope for improvement. Sir, this is thanks to our beautiful set of investors who have been backing us all throughout and keeping in touch with us and telling us and being guiding torch for what we were not doing so good thus far and we have taken a leap out of their suggestions and implementing whatever we can.
Sanjay Shah
I appreciate, but sometimes what happens are competitors like HVX are there and many people. So we have to even face a competition cycle and where we have to be with the market. In that scenario, is there scope to reduce from here?
Anup Manohar Munshi
Yes, yes, there is plenty of scope to reduce. However, most important thing is making a dent in the, in the, in the, the semicolon and the electronic. Right. We have made a beginning, but we wish to go stronger. So what is if it is within controllable limits? We’ll take that. And for growth. You see.
Sanjay Shah
Sir, now we are looking at a momentum which should accelerate post 27. So the sentence which you have given is so exciting because this industry has a lot of modes, lot of growth where we see also as you explain very well in different verticals and all. So how we are geared up for that. Like we have already had a good stake now in 51% subsidiary and we are. So what are other things which we are looking at so that our growth don’t stop here and we be part of this momentum of cycle?
Anup Manohar Munshi
Sir, we are building a sustainable one. We are building a strong, sustainable company with no shortcuts and no impulsive decisions. Our focus is on long term value creation and not on short term noise. And having said that, we’ve also been very, very, very, very transparent with our investors that we are not a quarter to quarter story, but we are an annualized story. The real momentum again we transparently mentioned it begins post 2027. We are, we are a product expansion story. We are a market expansion effort and consolidation which is, which is so important in our industry.
And as I have been repeatedly saying in the pharma and the clean room sector which has made India the pharmacy of the world. We are a very fragmented industry and that is what we wish to consolidate. And going forward you will see a lot of consolidation happening. So on all the three fronts, I.e. consolidation, market expansion, product expansion and taking a lot of our vendors in our fold. We are just, just going right. Just going right. We are building a very beautiful traction. So this is a, this is the beginning. So I don’t think so.
There will be too much of a, too much of a business challenge. The challenge will come in the entire industry with labor issues happening, with a lot of labor shortages and that is also what we’re trying to mitigate. Anoop over here is tying up with a lot of universities and we are creating up a learning center in our facilities to keep training people. Now as and when you go, challenges will definitely come. But yes, we have a knack of overcoming challenges due to our innovative way so far. Thus far.
Sanjay Shah
Great, that’s really helpful. So for that do we need any major capex to be incurred if in next one or two, three years if.
Anup Manohar Munshi
We get a, if we get a huge competition to acquire, we might. Otherwise I don’t see so far at this moment.
Sanjay Shah
Okay, except inorganic growth. We will have a moderate capex.
Anup Manohar Munshi
Right? Yes.
Sanjay Shah
Thank you sir. Wish you good luck to all and thank you very much sir.
Anup Manohar Munshi
Thank you very much.
operator
Thank you. Ladies and gentlemen. You may press star and one to ask a question. The next question is from the line of Yash Visaria who is an individual investor. Please go ahead.
Unidentified Participant
Hello. Hi sir. Congratulations on a successful listing and a Great result for FY25. So my question is with relation to the tam that we are looking for across the industries that we are currently catering and that we are you know planning to cater like the semiconductor, data center, electronics. So what could be the value across these industries? Oh so I, I’m sorry gentlemen, we didn’t get your name however. Yes, yes, yes. Yeah. Yes. We have said that there is a huge investment flow happening not just in pharma, but also in electronics, in semiconductors. And every single thing that you need, from your lenses to your automobile to your EV batteries to your mobile phones, everything will start needing clean looms.
And the market, whatever capex is happening in this industry, 3 to 4% is clean rooms. So we see a very huge market explosion happening till 2030 where 25 to 30,000 crores of plain rooms are up. The market is opening up.
Anup Manohar Munshi
Now as far as even semiconductor is concerned, actual manufacturing of semiconductor is not happening at this point of time. The investment is coming only at a testing level. Okay. Now the real manufacturing will come maybe within a year or two years everybody will start investing into the real manufacturing of that. Not just assemblies. Now the plant, what we are seeing is only the assembly.
Unidentified Participant
Okay.
Anup Manohar Munshi
Now going forward this, you know, this will also come as far as the manufacturing of electronics, the mobile phones, you know, everything will come to India. So now we will have a, you know, good. That’s what we see that you know, 27. So we will have a good traction happening in the market. So we are just building a capability and also some kind of references. Now the kind of project what we are talking about in this segment is huge. You know, starting from 50 crores to maybe 150, 200 crores a single project. So you know, as our, you know, chairman said, no, we are facing issues as far as labor is concerned.
But having said that we can’t go back and you know, sit, you know, and yeah, so we are working on that. And we are also, you know thinking about introducing robotic welding machines and you know, how we can reduce the manpower by going for missionaries and doing a.
Unidentified Participant
Lot of work at factory level itself.
Anup Manohar Munshi
And before shipping it to the site. So this is what we are working on.
Unidentified Participant
Understood, sir. So just a small suggestion. So being an SME company though we are not compelled to you know, give quarterly results. But it would be great if you, you know, give monthly updates, business updates and you know, maybe share presentation along with your quarterly or half yearly results. So investors like us are, you know, updated on, you know, what the company is doing and wishing you all the best for the future.
Anup Manohar Munshi
Thank you.
Unidentified Participant
Thank you. Yes. So basically we are exploring the best way to have a engagement with the shareholders more frequently. Okay. So it could be monthly or quarterly. But we will shortly come with the more engagement with the shareholders and with the structured way. Sure. Thank you, sir.
operator
Thanks. Thank you. The next question is from the line of Manoni who is an individual investor. Please go ahead.
Unidentified Participant
Hello. Am I audible?
operator
Ma’ am, I would request you to please use your handset.
Unidentified Participant
Yeah. Am I audible now?
Anup Manohar Munshi
Yes. Yes.
operator
We can’t hear you speak a little lighter. Thank you.
Unidentified Participant
Okay. Hi. Thank you for the opportunity. I have two set of questions here. Where are we standing on the current order book on a cumulative basis and what is the pipeline of these orders and the split, if you could guide us between the pharma electronics and data center segment.
Anup Manohar Munshi
Yeah, this is Anoop Munshi here. If I heard your question right, you’re talking of what is the pipeline we have currently. Right?
Unidentified Participant
Correct. And the cumulative order book withstanding right now.
Anup Manohar Munshi
Okay, right now the standing is like if I give you a little rundown. The. The basically thing is current order book that we have in hand is around 90 crores consolidated between us and Kelvin. Is that what you were looking for? What is the order book in hand right now? 90 crores.
Unidentified Participant
And also if you could guide us on a split between all the segments that you are catering to pharma electronics and data centers. What is the pipeline of these orders?
Anup Manohar Munshi
Right. Right now, in this. Right now in this 90, I would say the split would be pharma would be almost around major part that’s about 50 odd. 50 to 60 odd and 30 odd would be the rest. That is I will bracket it for the sake, for sake of convenience into semicon electronics, solar altogether.
Unidentified Participant
Okay, thank you so much. And just another question that I had was regarding the working capital cycle. You mentioned that we’ve gotten it down to 123 days. Are we looking at it reduce it even further?
Anup Manohar Munshi
Yes, we do. Of course we are looking to reduce it further undoubtedly because as I said in my first part of the presentation that that is very critical for us. You know, the earlier we collect the money, the better it is. So we do have certain internal targets which we have kept for the salespeople and we have also tried to change the process and methodology of collection. So therefore we are trying to use innovative methodologies whereby the sales people, you know very often what happens is that they like to get the order and then don’t want the hassle of being after the payment.
So we have, I have created an alternative mechanism where we work on that. So that’s what brought us results and we do hope to improve it further. For sure, we hope to improve it further.
Unidentified Participant
Thank you so much.
operator
Thank you. A reminder to all the participants that you may press Star and one to ask a question. The next question is from the line of Bhavika from Navasia. Please go ahead.
Unidentified Participant
Hello, Am I auditory?
operator
Ma’ am, I would request you to please use your handset.
Unidentified Participant
Yeah, am I audible now? Okay.
operator
Yes ma’ am.
Unidentified Participant
So first of all congratulations for good set of number. So I have two set of questions. First regarding to the structure of that group. So could you explain why you have structured the clean room business into multiple separate legal entities like by region and component rather than consolidating them under a single company to achieve greater scale like how this multi entity setup benefiting Fabtech Lane rooms.
Anup Manohar Munshi
If you could explain that ma’ am, which entities you’re talking about.
Unidentified Participant
So basically there are a few like different entities like Fabsafe Technologies then their tanky project llp. So like these entities are formed under the group. So I just want to know the purpose behind it. Like what’s the management vision regarding? Because recently there is one more associated associate company formed. So if you could give some light on that.
Anup Manohar Munshi
That’s a real long story about 25 years the way this was one company and then it emerged into a product centric families or divisions or companies. And when we divided, when we demerged Into a clean room partition company. We automatically started seeing a clearer picture and an opportunity of offering turnkey gave birth in our minds which led to acquiring the Kelvin capability of turnkey. So today instead of there are two ways to grow. Either you build your own infrastructure organization or you acquire. We think acquisitions and the inorganic way is a faster way. While of course organically we start become stronger but this is a quicker way to reach where we want to reach.
Number one. Number two, FafSafe is a clean room equipment manufacturing company Nothing to do with the projects that we do. So one is a product, the other one is a project. And if if whatever actions we have taken honestly you got to be there is the people responsible are the people who wanted to acquire us in one way or the other. Somebody wanted a product division, somebody wanted the project division, somebody wanted a granulation division. So instead of just one company we split into. We merged into various easy to manage entities and having specific business heads and in an attempt to make us investable and very very important to make a company which lives, which outlives the promoters to make it professionally managed.
Right. So today the promoters are out of business. They just are in the strategic role professionals are handling it. And that’s the reason why we did what we did.
Unidentified Participant
So the second question I have is regarding the like future guidelines. So how’s the financial year 26 so far and what company management is expecting it to be? Financial year 26.
Anup Manohar Munshi
I think we’ve addressed this ma’ am, the person before you asked the same question. So this is. We are growing at the rate of 30 to 40% with a very decent order position. This is a reference creating year. This is a formative year which will, which will be very very important for the next years to come. In the real explosion happens post 2027 where the investment flowing into semicons start clean room business where we are creating keeping ourselves ready.
Unidentified Participant
Right. And one follow up question on the 70 crore consolidate order book you have given. Can you tell me what like how much order book 90 is for FabTech?
Anup Manohar Munshi
No, 90.
Unidentified Participant
I’m asking regarding fabtech individually like standalone.
Anup Manohar Munshi
Standalone it’s about 55 would. Be factor and the rest would be 10.
Unidentified Participant
Okay, thank you. That’s all from my end. Thank you.
Anup Manohar Munshi
Pleasure. Thank you. Thank you.
operator
Thank you. The next question is from the line of Parth Gala who is an individual investor. Please go ahead.
Unidentified Participant
Hello sir. Am I audible?
operator
Yes sir.
Unidentified Participant
Thank you for the opportunity sir, my question was relating to semiconductor. So in the opening commentary you mentioned that you Had a order win in semiconductor. So what would be the order value like the order size and could you also share the name of the customer if possible?
Anup Manohar Munshi
Name of the customer is the declared I think CG electronics. Right. Semi and the auto value is 8.4 crores. Yeah, 8.4 crores. That’s right.
Unidentified Participant
So and my second question was on data centers. So sir, how many, how many orders have you received in data centers and what would be their cumulative value of those orders?
Anup Manohar Munshi
Yeah, as far as data center is concerned, we have received an order from Nextra Data center that is actually we were supposed to do three floors but due to some investment stopping from, you know, Microsoft, we have finished the one floor. But two more floors will come. It’s almost 2.5 crores. And recently we got an order from NSE that is National Stock Exchange. So they are creating a data center in their BKC complex. They’re converting their entire building into data center premises. So we got the first order that is 5.45 crores. So the next order of almost 4 crores is in pipeline.
So almost I think entire building will be done by us.
Unidentified Participant
Okay. Okay. Thank you sir. Best of luck.
Anup Manohar Munshi
Thank you. Thank you.
operator
Thank you. A reminder to all the participants that you may press star and one to ask a question. The next question is from the line of Bhavik Tucker who is an individual investor. Please go ahead.
Unidentified Participant
Hi sir. Thank you for the opportunity. So my question was you mentioned that you have a current order book of 90 crores and you have guided for a revenue growth of around 35 to 40% in FY26. So just wanted to understand how would.
Anup Manohar Munshi
We achieve that because the current order book is very low as compared to our revenue guidance. Right. So we have in the first two months we have already achieved good billing which will be better than the last quarter. And apart from that 90 crores is the order position which we will be delivering by October. And there is this month still remains. Nowadays as you go along you have very short delivery periods. Project coming up earlier, the project which used to finish in seven to nine months, now we are required to finish in four to five months.
So we are very very comfortable that we will be more than meeting the target that we have set. And Q2 and Q3 if you. If you see the history are always the lopsided or and the bigger quarters. Okay, I just have one more question. You mentioned that we have received few orders on the data center as well as on the semiconductor side.
Unidentified Participant
Is it possible to update on the.
Anup Manohar Munshi
Website also when we receive these orders. Actually, you are right. We should be. And we will be now posting regular updates on the exchange. Right. So, yeah, we’ll be doing that. You’re right. Okay. Okay, sir, thank you very much.
operator
Thank you. Before we take the next question, I would like to remind participants that you may press star and one to ask a question. The next question is from the line of Sampath Nayak from ABC Consultant. Please go ahead.
Sampath Nayak
Hello. Hello. Hi, sir, this is Sampar. Yeah, congratulations on good set of numbers. So I’m relatively new to the company, so if you can help me understand different product profiles we have and different industries we cater to.
Anup Manohar Munshi
Okay, yeah, I’m so sorry, I was a little away from the console. So if you could just repeat your question, please.
Sampath Nayak
Yes, sir, I’m relatively new to the company, so if you could help me understand different product profiles that we have and those products, which industries those products cater to.
Anup Manohar Munshi
Okay, so let me first tell you the industry that we cater to. Predominantly our forte has been healthcare industry, within which pharmaceutical manufacturing has been the leading consumer for our products. Then the other healthcare sectors like the biotechnology sector and the hospital sector and allied products. So healthcare is one major part. Then we are now pouring, as you might have heard, into semiconductor area, into electronics, into solar manufacturing. And besides that you would have also seen maybe in the lay prep, it keeps coming, that lot of food industries, many other products which are used on the body of human beings.
Like I’ll give you an example, diapers, they are now being made in clean rooms. You know, so regulatory body, so basically to consolidate and let tell you that we are into pharmaceuticals, into related healthcare electronics, data centers and even lenses have started being manufactured in clean rooms. So what’s happening is clean rooms is really becoming, you know, a layman clean room. You know, many of very often earlier people used to think clean room means clean room in the normal sense of the word. But clean room was a highly technical room. So this is the kind of industry that we are, and as I think our chairman earlier mentioned to you, in terms of product categories, we are into the structural part of clean rooms, where we make the wall panels and the connecting profiles and the doors and the view panels and the risers and everything else that is one part of it.
And then of course, we also make the equipment which are utilized in the clean rooms, which is very important. And I will put you on to our sales head, Mr. Emer, who will give you a little more about the other parts of the product that we sell over to you. Ahmed. Hi. Good Afternoon. Apart from this 10 room, we do. The upstream work like H Vac, which includes all the ductings, insulation, chillers, etc. Which is the very hard, which is. Very important part of the any clean room. Without this upstream work, it is not a clean room. It is a very core component.
Sampath Nayak
Right, right. So out of all these products that you just mentioned, what are the products that we manufacture?
Anup Manohar Munshi
We manufacture modular partitions, we manufacture clean room doors, return arises terminal boxes, we do walkable false ceilings. And we also have investment in Advantec where manufacture handling units. So freedom, they had the hygienic air handling units. So I’m sorry if you, you know this is, this question is honestly so, so so often asked. It’s. If you go to the website, you’ll find everything.
Sampath Nayak
Right, sir. So also my next question is on order pipeline that we have across different industries you just mentioned.
Anup Manohar Munshi
Right.
Sampath Nayak
If you can give me number on the order pipeline.
Anup Manohar Munshi
It was also replied in the earlier, the earlier question, the same thing.
Sampath Nayak
Yeah. Okay. Specifically is there anything specific that you want to know? Because basically what I just. We had said earlier. So you’re talking of the order book in terms of what we have right now.
Anup Manohar Munshi
No sir, expected. I mean order pipeline that we have.
Anup Manohar Munshi
Oh. To be very honest with you, we have a very robust pipeline which is in excess of about 300 crores where we have all the sectors within that, the pharmaceuticals, the data centers, semiconductors, solar and so on and so forth. So we have a very robust pipeline and a very, very happy pipeline, if I may use that word. So. That’S where we are.
Sampath Nayak
300 crore. Can you you know, break up across different industries if that. If that is possible?
Anup Manohar Munshi
Yep. So pharma 137 crores and pharma 137 crore is not yet fully tapping the turnkey part. This is just the modular partition part. Okay.
Sampath Nayak
Okay.
Anup Manohar Munshi
All right. So. And we have data centers of 15.5 crores, semiconductor 118 crores and solar 80 crores.
Sampath Nayak
Okay, sir, thank you so much and all the best.
Anup Manohar Munshi
Thank you so much.
operator
Thank you.
Anup Manohar Munshi
Ma’ am, I just want to ask you something. I just want to ask you your. Our answers. Is it audible to everyone?
operator
Yes sir, it is.
Anup Manohar Munshi
Good. I. Because I’m. I’m a little surprised by the repetition of the same questions.
operator
No sir, it is audible to everyone.
Anup Manohar Munshi
Yeah. Okay, good.
operator
Thank you. The next question is from the line of Hitesh Randava from Quest Capital. Please go ahead.
Hitesh Randhawa
Yeah, hi. Am I audible? Hi gentlemen. I have joined the call midway actually. So in Case you’ve already answered the question, please feel to tell me that you don’t need to repeat the answer. I’ll go through the Concord later, but not at all.
Anup Manohar Munshi
Yes.
Hitesh Randhawa
Yeah. So so basically I am a shareholder but it’s a small tracking quantity that I own and I’ve just recently started following your company actually and I went to kind of done my work on the company as such till now. But the first question that came to my mind was that see kind of clean room technologies and the industries that we cater to actually say kind of these are say kind of industries. So which would have say kind of had this clean room stuff actually for a long long time. Pharmaceutical, healthcare, biotech, be that me.
So, so we should have a lot of competition in any case, right in the at present as well. So how do we go and get market share, garner market share? What gives us the right to win? Who are the other established players actually and as I said it sounds like we should have decent competition and this industry should be well established already.
Anup Manohar Munshi
So yeah, good one look. Competition number one is welcome. Number two, the market is growing in exploding. You need more and more competition. Number three, whenever you go into any sector, let’s say for example pharma, our team basically can design any, any kind of pharma facility, any kind of biotech facility. It has access to scientists offering technologies and that our domain experience and our domain knowledge. Having having R and D guys, having pharma professionals in the team make makes a big difference in the customer deciding between us and competition. That’s number one. Number two, all these clean rooms that is happening now in semiconductors.
When we started our careers we have done the class hundreds, class one, class ten. You have alpha filters, you have very large scale integrated filters, you have teardrop lightings, you have floating floors or the anti static panels. This is all we have done back then when we started our careers and it is all coming back now, albeit in a big way. Right? So there are and plus a very very very major differentiator is that we are not just contractors, we are designers ourselves of clean rooms and pharma projects. We have manufacturing of critical components within the group and we have project management team stationed in Pan India and internationally also.
So these are the major differentiators. If you see any other clean room company there must be contractors. There are lots and lots of contractors. Right? So but who has a manufacturing facility as state of the art as we have or if there is anybody who is wanting to start modular partition manufacturing today, he will have a huge Challenge of meeting those volumes. That is a differentiator that we possess. So that is all These are holding us in good stead. Yeah.
Hitesh Randhawa
Okay.
Anup Manohar Munshi
I. I hope I’m able to address it. Yes, yes.
Hitesh Randhawa
Yeah. And second of who are our current competitors? Because I’m just kind of in parallel, I’m just reading some stuff as well. So I read Trio India, Tata Projects, EPAC Prefab et Linox Cleaners. Please. I’m just kind of searching some stuff as we speak. So I’m just reading about kind of something called as Trio India Tata projects, Linox Screen, Air Aeromax.
Anup Manohar Munshi
Tata project is, is, is. Is. Is a client. Okay. Tata project, they take turnkey the entire, let’s say semicon projects and they will outsource clean rooms to us. You see. So those are the kind of things. All right. Now the big ones are all big ones that have been acquired by Japanese. You have integrated clean rooms acquired by Taikisha or Takasago. Then. Then there is Nicomag acquired by Takasago. Then you have GMP acquired by Shindryo and Suvida also acquired by Shinrio. So there are, there are, there are lots. But we, God bless, we know our game and the manufacturing bit, project management bit and the internal design team that we have again repeat that the major differentiator domain experience.
Right. So we are going good. We are going good and we see that references that we are creating the trajectory that we are on is pretty exciting and encouraging, right?
Hitesh Randhawa
Yeah. And thanks for that. And could you throw some more light on second of maybe on the R D and the innovation part of it’s a kind of. Are these products that are manufactured, are these products commoditized in nature? Yeah, there is some kind of innovation and R D also that comes into picture which might kind of give us an edge or something.
Anup Manohar Munshi
A mix of both. There are very beautiful low RH applications. You are an air conditioning engineer by the way.
Anup Manohar Munshi
No, no, I’m not. I’m not.
Hitesh Randhawa
So which profession do you come from?
Hitesh Randhawa
No, see, I’m an equity market analyst. I’m an individual.
Anup Manohar Munshi
I simplified for you. I simplified for you. So when you are talking about, talking about particulate air control then you have your filtration systems, then you have your, you know, the air balancing mechanisms. Then you have your VAVS and pavs. Then you have your dry rooms, then you have your dehumidification system. So each and every component that goes has some novelty or the other. So ok, so I would invite you come to the facility and have a look and you would get a better idea and have a look at the project that we do. You’ll have a better idea.
I’m sorry. No, I get it.
Hitesh Randhawa
I get it. That’s. That’s totally fine. Yeah, that’s okay.
Anup Manohar Munshi
No, but I would encourage you to visit our facilities and visit the work that we do.
Hitesh Randhawa
Right. Yeah, sure. And if you’ve already answered this, then yeah, please feel free to kind of let me know that I’ll go back to the.
Anup Manohar Munshi
No, no, this was not. This was not asked, but this is something very different which, which is unfortunately it’s inexplainable in a short call. So you must.
Hitesh Randhawa
That’s all right. That’s all right. So you said the Tata projects are our clients. So kind of are we working on the. They’re working for Micron. Right. So kind of for the Micron semiconductor.
Anup Manohar Munshi
We are working with them for several. We are working with them for several projects. It’s in the. Yeah. Initial stages. But you’re working with them. Yeah. Okay.
Hitesh Randhawa
And second of, in the mid midway during the call I did hear your guidance in order book etc actually for FY26. But second of otherwise within next 3 years. What are we kind of visualizing? What can we grow into in next three years? Order book size and the top line, etc. What are we Visualizing please?
Anup Manohar Munshi
Next two years at least 40% growth and beyond that. This is something. It will be something different. Too early to say.
Hitesh Randhawa
Okay. And the margins etc. We should be able to maintain or it should increase or something.
Anup Manohar Munshi
We are taking a lot of actions for margin improvement. This question has been asked so.
Hitesh Randhawa
Okay, sure. No worries. Yeah. Thank you. Thanks. That’s it. From my side.
operator
Thank you. The next question is from the line of Sahil Raj from Samdarya Capital Ventures. Please go ahead. Mr. Sahil, I would request you to unmute your line and speak please. Due to no response from the current participant, we will move on to the next participant. The next question is a follow up question from the line of Bhavika from Navasia. Please go ahead.
Unidentified Participant
Hello, Am I audible?
operator
Yes.
Unidentified Participant
Hello. Am I audible? Yeah. Thank you for the opportunity. So just for understanding point of view like as we already mentioned that labor, the clean room industry is a labor intensive. Can you throw some light on raw material procurement? Like do companies source it domestically or it’s getting imported? Because currently a lot of geo political tension is going on. So if you could highlight. Make me understand the industry better.
Anup Manohar Munshi
So our raw material, entire raw material is indigenous procurement. Okay. Sometimes. Sometimes we procure Our capex machine from the overseas market. However, our raw material are Indian. We bought. We buy from the Indian vendors.
Unidentified Participant
Okay. And is it like from a contract basis or just randomly from on like from unstructured market or from the structure from like long term contracts.
Anup Manohar Munshi
We have long developed vendors relationship. Okay. Which are very long standing relationship with the vendors like for steel and coil. We have national big big names which are our vendors. Okay. So our raw materials are like chemicals, puff, rockwool. We have long standing relationship with the vendors from where we buy the raw.
Unidentified Participant
Material and which raw material holds major like portion of the cost of. Good point.
Anup Manohar Munshi
The major raw materials are GPSP coil, Rockwool and some isocyanide and polyol chemicals. Aluminum profile.
Unidentified Participant
Okay. Okay, thank you.
operator
Thank you. The next question is from the line of mate from kpmg. Please go ahead.
Unidentified Participant
Hello. Yeah. So just wanted to check that. Sir, we wanted to visit your plant but I think it has been cancelled, I think twice. So if you could let us know when we can visit so that you know it will be great. I think, I think the updates that you’ve shared on the call as well as your future outlook looks very promising. But of course, as investors, we would really love if you would allow us to visit your plant and see how lovely your plant functioning is.
Anup Manohar Munshi
Certainly, certainly we would want, we would want to get that, to make that happen because I believe, yes, there is a lot of investor interest and to understand the product, to understand what we do and to understand the differentiation that we bring in, it is imperative that the investors visit us, our plant, our facilities, interact with the clients also.
Unidentified Participant
Yes, correct. Correct.
Anup Manohar Munshi
No, I get again.
Unidentified Participant
Yes, sir. Yeah. So that was it from my end. So we’ll wait for.
Anup Manohar Munshi
Yeah, yes. Yes, please start.
Unidentified Participant
Thank you. Thank you.
operator
Thank you. The next question is from the line of adv, who is an individual investor. Please go ahead.
Unidentified Participant
Hi. Thank you for taking up my question. My question is are we planning to increase our stake further in Kerbin from current 51%?
Anup Manohar Munshi
Yeah. Ravi is smiling. Yes, we are on the way. We are on the way. Okay. We are on the way. That was a nice question. Thank you for making it easy for me. Ravi is here, so. Yes, that’s already. That’s already in the pipeline.
Unidentified Participant
Can you suggest the timeline as well by when we can.
Anup Manohar Munshi
No, you’ll have to wait for that A little bit more. A little bit more. But it’s going to happen soon.
Unidentified Participant
Okay. My next question is like, are there any acquisition plans in coming times other than Calvary?
Anup Manohar Munshi
Yes, yes. As we Said consolidation is one of the strategies along with market expansion and product expansion. And you will see, yes, good bit happening there.
Unidentified Participant
In which area, like in semiconductors or like in which business we can expect.
Anup Manohar Munshi
Acquisition in the, in the industry. It could be a manufacturer of air handling unit, it could be an automation company, it could be other clean room, electrical and other contracting companies basically to, to get foothold in the regions that we. In the areas that we are wishing to expand. Right.
Unidentified Participant
Okay. Yeah, yeah, thank you. Thank you so much.
Anup Manohar Munshi
No doubt. Pleasure.
operator
Yeah, thank you. As there are no further questions from the participants, I would now like to hand the conference over to Mr. Asif Khan for closing comments.
Aasif Khan
Yeah, thank you so much. Thank you so much investors. It was a pleasure having you. We are learning still a lot. Some of the questions which help us learn they really appreciate and sometimes some questions get repetitive. So you could see the monotony coming in our voice. I’m sorry for that. Now we are building a strong, sustainable company with no shortcuts and no impulsive decisions. We understand as investors you would want maximum return and minimum possible time. However, I have been saying this and I reiterate. Our focus is on long term value creation and not on short term noise.
The real momentum, while the two years are exciting and we will be and we are in the process of building references, we are taking all the right calls. We are gradually upping our ticket sizes. The the proof of concept of modular partition and the H Vac we have already done with softech. There are other companies we have finalized Galantic Pharma. These are the names I’m allowed to give. And we will be taking a leap from the investor interaction and we’ll be keeping the filings regularly so that there’s a cost constant flow of information from us to the investors.
We really appreciate the momentum that is building up and the interest that investors are taking in us. That said, despite we saying that the real Momentum begins post 2027 and we had said last year, the next year we will be doing the data center references and semiconductor references, but we are very happy to prepone that and we have achieved that nine months before time. Now that said, we are actively working to accelerate the progress and let me assure you we have been and we are prepared to take bold, thoughtful calls to achieve what we want to achieve sooner.
We are creating a truly unique design build setup with in house manufacturing of most of the critical components which is for us a natural way to enhance value and control. Again, repeating consolidation, that is acquisition of companies in our space to help them help the industry sustain, to provide an ecosystem for what is about to happen in India. In semicolons, in food, beverages, pharma, biotech of course growing with a lot of industry wanting to be improving their productivity, reducing their rejections, getting certified by international agencies with, you know, PVC PET bottles, being done in clean rooms with blood bags, getting done in clean rooms, consumable normal polyesters, diapers, bandages and crepes and masks and electronics and EV batteries.
Every single thing that you come across, even for, even likes of glass for example, like Saint Gobain doesn’t work for them. We are working for Hamdar, for ayurvedic medicines, for the contact lens manufacturers. So in competition is honestly speaking, it’s welcome. We have a very, very large industry exploring 25 to 30,000 crores of market opening up. So as and when we see growth happening, we’ll be taking all the measures to consolidate, to expand the market, to improve our product efficiencies and performances. There are new panels coming in, we are launching them. Right. And references for Senec and data centers have begun.
We are working with likes of ponds and Imamis also. We are here to build value and at an appropriate time. That’s a question also being asked and it is asked regularly in my investor interactions and I was expecting this answer. So we are here to build value in an appropriate time, strengthen our position also. So every single step that we take is aimed at reducing the risk and strengthening the foundation for long term. The recent dividend decision was also made after careful consideration for building a strong investor friendly image. We are learning through you. There are a lot of investor interactions which has given us a lot, lot of insights in what we could do better.
We are in a strong financial position and this dividend was only a simple gesture of appreciation to our shareholders. It was not a necessity. We deeply value our investors who have stood by us thus far and who believe in the journey. There will be challenges, but we are prepared. Not everything is going to be hunky dory, but we’re prepared, the direction is clear, the conviction is strong and we remain open to learning from each and every one of you. Sorry, repetitive questions, intelligent questions. We really honestly take a lot of learning from them and financially we are under leveraged.
We continue to enjoy the confidence of our banking partners even as listing entities. We are pleased that we are back and strongly supported by a solid group of investors and we believe the real growth is yet to happen and those with patience will be very, very well rewarded. Thank you very much gentlemen, for your continued trust. God bless you. Thank you, ma’ am. Thank you so much.
operator
Thank you. Over to Mr. Sahil S.
Sahil Patil
Thank you, everyone, for joining the conference call of Fabtech Technologies Premiums Email. If you have any queries, please feel free to write to us@infocmailadvisors.com Once again, thank you all for joining the call.
operator
Thank you. On behalf of Ecmel Strategic Advisors. That concludes this conference. Thank you for joining us. And you may now disconnect your lines.