Desco InfratechShare price, financial results, shareholding and management
- Market cap
- ₹127 cr
- Stock P/E
- 7.8peers 9.4
- Book value
- ₹92.5
- Price to book
- 1.79
- EV / operating profit
- -
- Market cap to sales
- 1.07
- ROCE · FY26
- 30.0%
- ROE · FY26
- 25.2%
- ROE, 3-year average
- 28.2%
- Operating margin · FY26
- 19.9%peers 13.5%
- Sales growth, 3 years
- 59.9%
- Profit growth, 3 years
- 153.8%
- Debt to equity
- 0.21peers 0.31
- Borrowings
- ₹15 cr
- Interest cover
- 15.3×
- Cash from business / op. profit
- -81%
- Debtor days
- 94
- Pledged
- 0.00%
- Promoter holding
- 58.31%
- Change in promoter holding
- +0.19 pts
- Shareholders
- 1,034
- 52-week high / low
- ₹269 / ₹122
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Desco Infratech share price chart
Close on 6 Nov 2026 · -3.58% on the day · Vol 45,500
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -8.6%
- 3 months
- -9.6%
- 6 months
- -31.9%
- 1 year
- -26.1%
- Traded a day, 20 days
- ₹0.31 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +101% | +82% |
| 3 years, a year | +60% | +154% |
| Latest half, H2 FY26 | +108% | +76% |
About Desco Infratech: business, products and customers
Desco Infratech lays and looks after city gas pipelines and home gas connections for gas distribution companies, and has added power cable and solar plant work. Its shares trade on BSE SME.
Desco Infratech is a Surat contractor that has worked for city gas distributors since 2011: it lays steel and MDPE gas pipelines, connects homes and shops to piped gas, fits meters and runs operation and maintenance contracts with emergency leak teams. Its gas clients include Bharat Petroleum, GAIL, Indian Oil, Indraprastha Gas, Torrent Gas and Adani Total Gas. In the second half of FY26 it added power distribution cabling and solar plant structure work, with KP Group named as the main client there, and it also takes water pipeline jobs.
The way it works shapes the numbers. Revenue is booked as work is done under the percentage of completion method, before bills are certified and raised, and customers hold back retention money until defect liability periods of three to four years end; public sector gas jobs also need Desco to supply the pipe and fittings itself. So a fast rise in sales shows up first as unbilled work and money owed, which is why operating cash flow was negative in FY25 and FY26 even as profit rose, and why the company now borrows from finance companies at high rates. Digging stops in the monsoon, so most of each year's work is billed in the second half.
Read more about the business
New ventures sit in three subsidiaries: a 75% stake in Shri Green Agro Energies, acquired in February 2026 for a compressed biogas plant, Desco Bio Green for further biogas plants, and Desco Global FZ-LLC in the UAE, which had no operations at March 2026. It has also signed memoranda for hydrogen blending in gas networks and for LNG and CNG projects with DenEB Air Gases.
The offer document compared Desco with Rudra Gas Enterprise and Likhitha Infrastructure, both listed contractors that lay gas pipelines for city gas distributors, and said price is often the deciding factor in tender awards. On the May 2026 call Malhar Desai described Likhitha as a direct competitor that is ahead of Desco.
From the 2025 offer document, the FY26 annual report, the May 2026 investor presentation and earnings call, and the company's September 2026 announcements.
Read the deeper study ↓In its favour
- Sales have grown very fast: 60% a year over three years.
- It earns a high return on the money it uses: ROCE 30% in FY26.
- It has little debt for its size: debt to equity 0.21.
To watch
- Results for the half year to September 2026, and whether operating cash flow moves towards the at par or positive level promised on the May 2026 call (earnings call, May 2026, p.10).
- The proposal in the 15th AGM notice to raise the Managing Director's commission from 0.3% to 1% of turnover from October 2026 (annual report FY26, p.177).
- Sales to and money owed by Desai Associates and Desai Energy, the promoter firms, and the auditor's observations on audit trail gaps, differences with bank stock statements and late payment of TDS, GST and provident fund dues (annual report FY26, p.43, p.62, p.64 and p.103).
- Commissioning of the first compressed biogas plant and the bank funded expansion, and how the IPO money is used after shareholders approved a change in its objects in December 2025 (earnings call, May 2026, p.13 and p.17; annual report FY26, p.51).
- It paid no dividend in the past year.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Desco Infratech revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Desco Infratech half-yearly results
SME companies report every six months · ₹ crore
| H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|
| Sales | 22 | 23 | 36.81 | 42.04 | 76.57 |
| Expenses | 17 | 18 | 28.33 | 33.34 | 61.71 |
| Operating profit | 5 | 5 | 8.48 | 8.70 | 14.86 |
| OPM | 21.0% | 21.0% | 23.1% | 20.7% | 19.4% |
| Interest | 0 | 0 | 0.74 | 0.61 | 0.92 |
| Depreciation | 0 | 0 | 0.11 | 0.13 | 0.19 |
| Profit before tax | 4 | 4 | 7.68 | 8.25 | 13.65 |
| Net profit | 3 | 3 | 5.81 | 6.17 | 10.21 |
Desco Infratech profit and loss
Full years to March, FY22 to FY26 · ₹ crore, consolidated where reported
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Sales | 20 | 29 | 29 | 59 | 118.61 |
| Expenses | 18 | 27 | 24 | 46 | 95.07 |
| Operating profit | 2 | 2 | 6 | 14 | 23.54 |
| OPM | 8.0% | 8.0% | 19.0% | 23.0% | 19.9% |
| Other income | 0 | 0 | 0 | 0 | 0.18 |
| Interest | 0 | 0 | 1 | 1 | 1.53 |
| Depreciation | 0 | 0 | 0 | 0 | 0.32 |
| Exceptional and other items | -1 | · | · | -1 | · |
| Profit before tax | 1 | 2 | 5 | 12 | 21.86 |
| Tax rate | 0.0% | 50.0% | 40.0% | 25.0% | 25.2% |
| Net profit | 1 | 1 | 3 | 9 | 16.35 |
| EPS ₹ | 33.20 | 49.20 | 119.51 | 11.80 | 21.30 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY25 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Earnings per share before FY25 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Desco Infratech profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating margin | 8.0% | 8.0% | 19.0% | 23.0% | 19.9% |
| Tax rate | 0.0% | 50.0% | 40.0% | 25.0% | 25.2% |
| ROCE | · | 21.6% | 43.6% | 30.1% | 30.0% |
| ROE | · | 21.1% | 34.2% | 25.3% | 25.2% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Desco Infratech debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and drew on its cash. Customers pay faster than they did in FY24, which frees up the company's money.
Bars below the line are cash going out.
Desco Infratech balance sheet
At each 31 March · ₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Equity capital | 0.25 | 0.25 | 0.28 | 8 | 8 |
| Reserves | 4 | 5 | 12 | 51 | 63 |
| Net worth | 4.25 | 5.25 | 12.28 | 59 | 71 |
| Borrowings | 3 | 6 | 4 | 11 | 15 |
| Other liabilities | 4.75 | 9.75 | 7.72 | 13 | 19 |
| Total liabilities | 12 | 21 | 24 | 83 | 105 |
| Fixed assets | 1 | 1 | 1 | 2 | 4 |
| Capital work in progress | 0 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other assets | 11 | 20 | 23 | 81 | 100 |
Desco Infratech cash flow
₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 0 | -2 | 0 | -12 | -19 |
| Cash from investing | 0 | -1 | -1 | -1 | -6 |
| Cash from financing | 0 | 2 | 1 | 44 | -6 |
| Net cash flow | 0 | -1 | 0 | 31 | -31 |
Working capital
Days
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Debtor days | 131 | 175 | 184 | 82 | 94 |
| Inventory days | 12 | 7 | 140 | 185 | 195 |
| Days payable | 97 | 146 | 606 | 416 | 430 |
| Cash conversion cycle | 46 | 36 | -282 | -148 | -142 |
| Working capital days | 68 | 73 | 132 | 171 | 194 |
Desco Infratech peers and competitors
Listed SME companies in the same industryBy sales, Desco Infratech is number 32 of the 58 listed SME companies in construction.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| H.M. Electro Mech | 68 | 6.8 | 132 | 10 | 11.0% | 0.20 |
| Rudra Gas Enterprise | 58 | 6.5 | 124 | 9 | 14.0% | 1.41 |
| Desco Infratech | 127 | 7.8 | 119 | 16.4 | 19.9% | 0.21 |
| Teerth Gopicon | 14 | 1.1 | 118 | 12.8 | 20.8% | 0.24 |
| Aesthetik Engineers | 123 | 17.3 | 118 | 7.1 | 10.2% | 0.50 |
| Safety Controls & Devices | 142 | 10.1 | 117 | 14 | 23.0% | 0.83 |
| GRE Renew Enertech | 336 | 28.0 | 115 | 12 | 13.0% | 0.03 |
| Paluck Technologies | 87 | 6.2 | 111 | 14.1 | 22.6% | - |
| Jayant Infratech | 130 | 16.3 | 111 | 8 | 10.0% | 0.56 |
| Rulka Electricals | 52 | 15.7 | 110 | 3.3 | 5.1% | 0.13 |
| Valplast Technologies | 78 | 8.7 | 102 | 9 | 19.0% | 0.31 |
| Median of the 10 others | 83 | 9.4 | 116 | 9.5 | 13.5% | 0.31 |
Desco Infratech shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Desco Infratech shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|
| Promoters | 58.12% | 58.12% | 58.31% |
| Foreign investors (FIIs) | 5.09% | 0.00% | - |
| Indian institutions (DIIs) | 7.30% | 3.22% | - |
| Number of shareholders | 1,041 | 854 | 1,034 |
Desco Infratech study: the business from its own documents
Read from 7 of the company's own documentsDesco Infratech so far
From the company's own record
- 17 Sept 2026Order worth ₹0.59 cr
- 23 Sept 2026Order worth ₹2.34 cr
- 31 March 2026Promoters at 58.31%
- 28 Oct 2025Highest close since listing, ₹286.00
Desco Infratech key facts from the filings
Each figure with the document it comes from
- Order book
- ₹370 cr+
- Work in hand of about three times FY26 sales, most of it city gas work executed over 18 to 24 months.Annual report FY26, p.10 and p.23; earnings call, May 2026, p.8; our arithmetic
- FY26 revenue
- ₹118.6 cr
- Double FY25's ₹59.4 cr; consolidated profit after tax rose to ₹16.3 cr from ₹9.1 cr.Annual report FY26, p.36
- Profit margin by segment
- 15.42% vs 10.01%
- City gas work (₹83.2 cr of sales) earned a higher profit margin than the new power and renewable work (₹35.4 cr).Annual report FY26, p.11
- Operating cash flow FY26
- −₹18.0 cr
- Negative for a second year (−₹12.1 cr in FY25) as unbilled work and money owed by clients grew faster than profit.Annual report FY26, p.72
- Other current assets
- ₹56.0 cr
- Up from ₹26.0 cr; they include unbilled revenue and ₹8.4 cr of retention money held by clients, and sit beside ₹30.4 cr of trade receivables.Annual report FY26, p.70, p.95 and p.110
Show 5 more facts
- Sales to promoter firms
- ₹13.1 cr
- FY26 sales to Desai Associates, Pankaj Pruthu Desai's proprietorship, and Desai Energy, about 11% of revenue; in FY25 it was ₹15.0 cr, about a quarter.Annual report FY26, p.103; our arithmetic
- Top five customers
- 72.22%
- Share of revenue in the half year to September 2024, down from 98.22% in FY22; the top customer alone was 24.26%.Offer document, p.46
- Cost of finance company loans
- 14% to 18.46%
- Interest on its unsecured business loans; total borrowings were ₹14.2 cr at March 2026 and cash only ₹0.7 cr.Annual report FY26, p.69, p.70 and p.85; our arithmetic
- Managing Director's commission
- 0.3% → 1% of turnover
- Proposed in the notice of the 15th AGM, with effect from October 2026, on top of a monthly salary of ₹1.8 lakh.Annual report FY26, p.177
- Solar work commissioned
- 27.55 MW
- Solar EPC projects scaled from nothing in FY25 to this in FY26, the base of the new power and renewable segment.Investor presentation, May 2026, p.6
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company says its order book is over ₹370 crore and its tender pipeline about ₹650 crore, of which it has historically converted 30% to 40%. On the May 2026 call Malhar Desai guided for revenue growth of 70% to 80% in FY27 and repeated the aim of ₹1,000 crore of revenue by FY2030, which the annual report also states. The first compressed biogas plant, of two tonnes a day, was to be commissioned in the first quarter of FY27, with a further plant of about fifteen tonnes a day planned in Gujarat and Madhya Pradesh to be funded by bank loans. Management also said operating cash flow would be at par or positive within two years.
| What management said | When | What happened |
|---|---|---|
| Operating cash flow to improve against revenue, promised on the May 2025 call | May 2025 call, as recalled on the May 2026 call | −₹18.0 cr on ₹118.6 cr of sales in FY26, against −₹12.1 cr on ₹59.4 cr in FY25 |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Desco earns a contractor's margin on laying and maintaining gas pipelines, and city gas work pays it better than its newer power and solar jobs.
Its weak spot is cash: the work is paid for slowly, so growth eats money and leans on costly loans, and part of its sales go to firms run by the promoters.
WatchCan it set its own prices?No. Work is won in tenders where price usually decides, though management says it now turns down low margin awards.
AverageHow strong is it against rivals?It has fifteen years of work and safety awards with large gas distributors, but many contractors do the same work and a bigger listed rival is ahead.
WatchWho are its customers?Large public sector and private gas distributors, but a few of them make up most sales, and promoter firms are also customers.
WatchDoes it need a lot of money?Yes. It owns little machinery, but unbilled work, retention money and money owed by clients take up much more cash each year.
StrongCan it keep finding new work?Its order book covers about two years of work and city gas networks are still being built out, though new orders depend on tenders opening.
AverageDo good and bad years swing a lot?The work is seasonal and depends on when gas companies open tenders, but sales have grown each year since FY22.
Who runs Desco Infratech?
Promoters, directors and officers; tap a name for the background
PPPankaj Pruthu DesaiPromoter, Chairman and Managing Director
BA in Economics from the Maharaja Sayajirao University of Baroda (1987) and a founder of the company; described as having more than 35 years in infrastructure and energy. Also proprietor of Desai Associates and a director of Desai Energy Private Limited, promoter group firms that are customers of the company. The offer document listed 28 GST proceedings against promoters, mostly against Desai Associates, involving ₹1.45 cr. FY26 remuneration was ₹21.6 lakh, up 63.64%; a rise in commission to 1% of turnover is proposed.
Offer document, p.34, p.206 and p.286; annual report FY26, p.9, p.55 and p.177MPMalhar P DesaiPromoter and Whole-Time Director · holds 10.82% pre-IPO
BBA from Mahatma Gandhi University (2014 to 2015), on the board since January 2016; leads finance, tenders, strategy and investor relations. The offer document states Pankaj Pruthu Desai and Malhar P Desai are father and son. On the May 2026 call, asked why margins rose after FY23, Malhar Desai said unlisted companies do not want to show profits and pay tax, and that the company also used to do this. Held 10.82% before the IPO.
Offer document, p.31, p.206 and p.207; investor presentation, May 2026, p.7; earnings call, May 2026, p.16SPSamarth Pankaj DesaiPromoter and Executive Director · holds 10.82% pre-IPO
BA LLB from Bharati Vidyapeeth University, Pune (2023), on the board since January 2018; oversees project execution, operations and vendors. The offer document states Malhar P Desai and Samarth Pankaj Desai are brothers. Held 10.82% before the IPO.
Offer document, p.31, p.206 and p.207; investor presentation, May 2026, p.7IPIndiraben Pruthubhai DesaiPromoter · holds 42.35% pre-IPO
Holds a Secondary Teacher's Certificate (1963); a director from January 2011 to June 2024 and the largest promoter shareholder before the IPO.
Offer document, p.31 and p.218HPHina Pankaj DesaiPromoter · holds 15.30% pre-IPO
A director from 2011 to 2016 and again from 2022 to 2024; the company paid Hina Desai ₹3.6 lakh of office rent in FY26.
Offer document, p.31 and p.219; annual report FY26, p.104AKAmulya Kumar JenaExecutive Director
Diploma in Mechanical Engineering; joined the company in 2011 as a site engineer on city gas projects and became an Executive Director in May 2022, overseeing daily site operations.
Offer document, p.206RARushabh Atulbhai MashkariaChief Financial Officer
Chartered accountant, CFO since 16 June 2025 after Prinkle Jain resigned as CFO that day. The company secretary also changed twice, in April 2025 and August 2026.
Annual report FY26, p.38 and p.45; investor presentation, May 2026, p.8KMKaushal Manishkumar RangoonwalaIndependent Director
Chartered accountant who qualified in 2024, with a Commerce degree from Veer Narmad South Gujarat University; runs an accounting and tax practice in Surat. Chairs the audit committee.
Offer document, p.206 and p.207; annual report FY26, p.39SKShailesh Kalidas NaikIndependent Director
Appointed from 1 July 2026 after independent director Yash Gurnani resigned; earlier Director (Commercial) at Vadodara Gas Limited. Independent director Mahendra Sabarsinh Gusain had resigned in September 2025.
Annual report FY26, p.38 and p.174Desco Infratech latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹76.6 cr (+108%), net profit ₹10.2 cr (+76%) on H2 FY25.
- Shareholding, 31 March 2026: promoters 58.12% to 58.31%.
- 23 Sept 2026: order worth ₹2.34 cr announced.
- 17 Sept 2026: order worth ₹0.59 cr announced.
Desco Infratech announcements
11 on record, latest first; each opens the filing on the exchange
- AGM/EGMDesco Infratech Limited has submitted the voting results along with the Scrutinizer''s Report of Adjourned 15th Annual General Meeting of the Company held on WePDF ↗
- Company UpdateCertificate under Reg. 74(5) of SEBI (DP) Regulation, 2018 for the Quarter ended on September 30, 2026PDF ↗
- Company UpdateIntimation of Regularisation of Independent Director under Regulation 30 of SEBI LODRPDF ↗
- AGM/EGMOutcome of Adjourned 15th Annual General Meeting of the Company held on Wednesday, 7th October 2026PDF ↗
- AGM/EGMAdjourned 15th Annual General Meeting of members of Desco Infratech Limited will be held on Wednesday, 7th October 2026 at 02:00 PM IST through Video ConferenciPDF ↗
- Company UpdateIntimation regarding adjournment of the 15th Annual General MeetingPDF ↗
- Insider Trading / SASTIntimation of Closure of Trading Window for declaration of Unaudited Standalone & Consolidated Financial Results of the Company for Half Year ended 30th SeptembPDF ↗
- Company UpdateIntimation regarding receipt of Purchase Order amounting to Rs. 23.40 million from Adani Total Gas Limited ("ATGL") under Regulation 30 of SEBI (Listing and DisPDF ↗
- Company UpdateIntimation regarding NREDCAP - Empanelment for Supply, Installation & Commissioning of 1 KWp to 500 KWp Grid connected Solar Rooftop PV Power Plants at various PDF ↗
- Company UpdateLetter of Intent received from Sabarmati Gas Limited amounting to Rs. 5.86 MillionPDF ↗
- Company UpdateSigning of Memorandum of Understanding (MoU) with DenEB Air Gases Private Limited for strategic collaborationPDF ↗
Desco Infratech annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Desco Infratech share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Desco Infratech's data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (76,76,008 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY24 (₹119.51) and FY25 (₹11.80) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY22 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Desco Infratech
What does Desco Infratech do?
Desco Infratech lays and looks after city gas pipelines and home gas connections for gas distribution companies, and has added power cable and solar plant work. Its shares trade on BSE SME.
What is the share price of Desco Infratech?
₹166 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Desco Infratech?
₹127 cr at the close on 6 Nov 2026, on 76,76,008 shares.
What is the P/E of Desco Infratech?
7.8 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Desco Infratech's revenue and profit?
Revenue ₹119 cr and profit after tax ₹16 cr in FY26.
Who are the promoters of Desco Infratech?
Pankaj Pruthu Desai, Malhar P Desai, Samarth Pankaj Desai, Indiraben Pruthubhai Desai, Hina Pankaj Desai; promoters held 58.31% at 31 March 2026.
What is Desco Infratech's website?
www.descoinfra.co.in
More SME companies like Desco Infratech
Other listed SME companies in construction, the closest in size first, each read from its own documents.
- Mahendra Realtors & InfrastructureMRIL · NSE Emerge · Construction · listed 2025Market cap ₹128 cr
- Winsol EngineersWINSOL · NSE Emerge · Construction · listed 2024Market cap ₹129 cr
- Giriraj Civil DevelopersGIRIRAJ · NSE Emerge · Construction · listed 2018Market cap ₹131 cr
- Aesthetik EngineersAESTHETIK · NSE Emerge · Construction · listed 2024Market cap ₹122 cr
- Karbonsteel EngineeringKARBON · BSE SME · ConstructionMarket cap ₹138 cr
- Jayant InfratechJAYANT · BSE SME · ConstructionMarket cap ₹117 cr
Built from 3 annual reports, 1 offer document, 1 result filing, 1 earnings call transcript, 1 investor presentation, 11 exchange announcements, 3 shareholding patterns and 5 years of reported results. Every figure carries its source; where the documents are silent, the page says so.