Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Denta Water & Infra Solutions Ltd

DENTA
Construction - Civil/Turnkey

Denta Water & Infra Solutions Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: annual EPS moved +15.1% against a −25.9% price move — the market has not yet caught up with the delivery.

The price is in a confirmed uptrend (7 weeks in) while the P/E sits at the 77th percentile of its own 2-year range. Underneath, the last four quarters read deteriorating — profit −42.1% year on year, and −45% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.

Price
₹288
−25.9% 1Y
P/E
14.4×
77th pctile
of its own 2-year range
Revenue (Jun 26)
₹59.0 Cr
−11.9% YoY
Profit (Jun 26)
₹11.0 Cr
−42.1% YoY
Operating margin
22.0%
−11.0 pp YoY
ROCE
19%
FY26
ROIC
14.7%
vs WACC 12.0% → +2.7 pp
Cash conversion
−45%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Denta Water & Infra Solutions Ltd trades at ₹288, in a confirmed uptrend and 7 weeks into that stage. That is −5.4% against its own 200-day average. It sits at 25% of a 52-week range of ₹232 to ₹452. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (2 weeks and counting).

Today the stock is in a confirmed uptrend — week 7 of stage 2, confirmed. At ₹288 it trades −5.4% versus its 200-day average and sits at 25% of its 52-week range (₹232–₹452).

Sep 26: ₹288 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 2-year window.
−5.4% versus the 200-day line, week 7 of stage 2
Price50-day avg200-day avg
S4S2S4₹485₹417₹349₹281₹213₹288₹304Feb 25Jun 25Nov 25May 26Sep 26
S4S2S4₹485₹417₹349₹281₹213₹288₹304Feb 25Nov 25Sep 26
Beating or trailing, week by week since 2025 Each cell is one week from 2025 to now (88 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Feb 25Sep 26

Against the market, two honest reads. Cumulative: over the last 1.6 years the stock moved −15% while the NIFTY 500 moved +5% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (2 weeks and counting; last ahead the week of 2026-08-28) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Denta Water & Infra Solutions Ltd trades at 14.4× P/E, at the pricey end of its own range (77th percentile). Its long-run median P/E is 11.4×, measured across 1.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 14.4× is at the pricey end of its own range (77th percentile), against a long-run median of 11.4× measured over 1.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 14.4× vs a 11.4× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 1.6-year window; loss-period spikes above 18× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (77th percentile)
P/EMedianEPS (TTM) (quarterly)
18.4×₹34.015.8×₹25.513.2×₹17.010.5×₹8.57.9×₹0.0×14.40×₹20Jan 25May 25Sep 25Jan 26Sep 26
18.4×₹34.015.8×₹25.513.2×₹17.010.5×₹8.57.9×₹0.0×14.40×₹20Jan 25Sep 25Sep 26
P/E
14.4×
77th percentile of 2y

Why the multiple sits where it does: over the past year annual EPS moved +15.1% against a −25.9% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

03 · What the price assumes

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Denta Water & Infra Solutions Ltd was paying for profit growth of about 3.3% a year. Profit itself has compounded 40.9% a year over the past 5 years. Today the market pays 14.4× P/E, the 77th percentile of its own 2-year range.

What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is below what this company has actually delivered.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

04 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Denta Water & Infra Solutions Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 7 quarters across 1 curve, on partial evidence.

Growth, year by year: revenue +23.2% in FY26, profit +15.1% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
298%271%214%179%130%88%46%0.0%−38%−95%%%23.2%15.1%FY21FY23FY26
298%271%214%179%130%88%46%0.0%−38%−95%%%23.2%15.1%FY21FY23FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
62%127%33%80%3.0%33%−27%−14%−56%−61%%%−11.9%−42.1%−21.8%Dec 23Mar 25Jun 26
62%127%33%80%3.0%33%−27%−14%−56%−61%%%−11.9%−42.1%−21.8%Dec 23Mar 25Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
90%71%52%33%14%%19%FY23FY24FY26
90%71%52%33%14%%19%FY23FY24FY26
ROCE
Falling
latest 19.0% · span 19.0%–85.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+23.2%+12.8%+50.9%
Profit+15.1%+6.9%+40.9%
EPS+15.1%−39.8%−0.3%
Share price−25.9%
Revenue YoY (Jun 26)
−11.9%
latest quarter vs a year ago
Profit YoY (Jun 26)
−42.1%
latest quarter vs a year ago
Revenue 10y
50.9%
long-run compound pace
05 · 4-Factor Sector Score

4-Factor Sector Score

42.7/100 — rank 9 of 13 in Construction - Civil/Turnkey · 74% evidence confidence

Denta Water & Infra Solutions Ltd scores 42.7 out of 100 against the 13 companies it is compared with in Construction - Civil/Turnkey, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 10.6 + 15.7 + 10.5 + 5.9 = 42.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

06 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Denta Water & Infra Solutions Ltd reported ₹59.0 Cr of revenue in the Jun 26 quarter, −11.9% year on year. Over 5 years it has compounded at 50.9% a year. The last full year, FY26, came in at ₹250 Cr. The last four reported quarters add to ₹242 Cr.

FY26 revenue came in at ₹250 Cr (+23.2% on the year), capping 5 years at 50.9% compound. The latest quarter (Jun 26) printed ₹59.0 Cr, −11.9% year on year.

FY26 revenue ₹250 Cr (+23.2% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 6-year window. A bar is red when it is lower than the year before.
50.9% a year over 5 years
RevenueYoY growth
270298%203214%135130%6846%0−38%₹ Cr%₹25023.2%FY21FY23FY26
270298%203214%135130%6846%0−38%₹ Cr%₹25023.2%FY21FY23FY26
Jun 26: ₹59.0 Cr (−11.9% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
11262%8433%563.0%28−27%0−56%₹ Cr%₹59−11.9%Dec 23Mar 25Jun 26
11262%8433%563.0%28−27%0−56%₹ Cr%₹59−11.9%Dec 23Mar 25Jun 26

Pace check: the last four quarters averaged +12.5% growth against the decade's 50.9% — the current year is running slower than its own long-run rate.

07 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Denta Water & Infra Solutions Ltd's operating margin is 22.0% in the Jun 26 quarter, −11.0 percentage points against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 30.0% to 46.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 22.0%, −11.0 pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 30.0%–46.0%.

🚨 Why the margin moved: operating margin went −11.0 pp year on year while gross margin went −11.1 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 30.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 6-year window.
within a 30.0–46.0% band over 6 years
operating marginYoY change (pp)
47%1.5%43%−0.3%38%−2.0%33%−3.7%29%−5.5%%%30%−4%FY21FY23FY26
47%1.5%43%−0.3%38%−2.0%33%−3.7%29%−5.5%%%30%−4%FY21FY23FY26
Jun 26: 22.0% operating margin (−11.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
37%19%32%11%28%3.0%23%−5.1%18%−13%%%22%−11%Dec 23Mar 25Jun 26
37%19%32%11%28%3.0%23%−5.1%18%−13%%%22%−11%Dec 23Mar 25Jun 26
08 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Denta Water & Infra Solutions Ltd earned ₹11.0 Cr of net profit in the Jun 26 quarter, −42.1% year on year. Full-year FY26 profit was ₹61.0 Cr. The 5-year compound rate is 40.9%. That is 18.6% of the quarter's revenue. The same quarter a year earlier earned ₹19.0 Cr.

Jun 26 profit was ₹11.0 Cr, −42.1% year on year. On the full year, FY26 printed ₹61.0 Cr (+15.1%), and the 5-year compound rate is 40.9%.

FY26 profit ₹61.0 Cr (+15.1% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 6-year window. A bar is red when it is lower than the year before.
40.9% a year over 5 years
Net profitYoY growth
66266%49191%33117%1642%0−32%₹ Cr%₹6115.1%FY21FY23FY26
66266%49191%33117%1642%0−32%₹ Cr%₹6115.1%FY21FY23FY26
Jun 26: ₹11.0 Cr (−42.1% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
29127%2280%1533%7−14%0−61%₹ Cr%₹11−42.1%Dec 23Mar 25Jun 26
29127%2280%1533%7−14%0−61%₹ Cr%₹11−42.1%Dec 23Mar 25Jun 26

🚨 Why profit moved: revenue contributed −11.9% and the margin −11.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −3.0% vs revenue +12.5%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

09 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −45% of Denta Water & Infra Solutions Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−34.0 Cr of operating cash against ₹61.0 Cr of profit. After ₹1.0 Cr of capital spending, ₹−35.0 Cr was left as free cash.

FY26: operating cash of ₹−34.0 Cr against reported profit of ₹61.0 Cr, leaving free cash of ₹−35.0 Cr after ₹1.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −45% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−34.0 Cr vs profit ₹61.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 6-year window, annual resolution.
−45% of 3-year profit arrived as cash
Operating cashNet profitFree cash
7233−6−44−83₹ Cr₹−34₹61₹−35FY21FY23FY26
7233−6−44−83₹ Cr₹−34₹61₹−35FY21FY23FY26
FY26: CFO = −56% of profit (three-year rate −45%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
275%165%55%−56%−166%%−56%FY21FY23FY26
275%165%55%−56%−166%%−56%FY21FY23FY26

🚨 Why conversion sits at −45%: the cash cycle stretched 289 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 289 days — the next section's job is to find where the cash is stuck.

10 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Denta Water & Infra Solutions Ltd's cash conversion cycle runs 331 days in FY26, up from 42 days in FY21. Capital spending ran ₹2.0 Cr over the last 3 years. At FY26 sales of ₹250 Cr each day of that cycle holds about ₹0.7 Cr, so roughly ₹227 Cr sits inside the business at any moment.

FY26: debtors at 73 days, inventory at 267 days — roughly 8.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 331 days, looser than FY21's 42.

The full loop: cash goes out to suppliers and production on day 0; stock waits 267 days to sell; customers pay about 73 days after that; and suppliers themselves are paid at 10 days — netting out to the 331-day cycle.

In money terms: at FY26 sales of ₹250 Cr, each day of the cycle holds about ₹0.7 Cr — so the 331-day loop keeps roughly ₹227 Cr sitting inside the business at any moment.

FY26: a 331-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 6-year window.
+289 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1,4101,034658282−94days331d267d73d10dFY21FY22FY23FY24FY26
1,4101,034658282−94days331d267d73d10dFY21FY23FY26

On the investment side: capital spending of ₹2.0 Cr over the last 3 fiscal years against ₹2.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹1.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
1511840₹ Cr₹1₹0FY22FY23FY24FY25FY26
1511840₹ Cr₹1₹0FY22FY24FY26

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

11 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

Denta Water & Infra Solutions Ltd earns a ROCE of 19% in FY26. Return on invested capital clears the cost of that capital by +2.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 24.4% net margin on 0.52× asset turns.

FY26 ROCE is 19%.

Why the return is what it is — the wiring (FY26): 24.4% net margin × 0.52× asset turns × 1.05× balance-sheet leverage ≈ 13.3% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 14.7% − 12.0% = a +2.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.

FY26: ROCE 19% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 5-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEROIC (annual)WACC
265%197%129%61%−6.7%%19%18.6%FY22FY24FY26
265%197%129%61%−6.7%%19%18.6%FY22FY24FY26
Q4 FY26: ROCE 16.0% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 9 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
44%34%25%16%6.9%%16%23.4%Q1 FY24Q4 FY25Q4 FY26
44%34%25%16%6.9%%16%23.4%Q1 FY24Q4 FY25Q4 FY26
12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

Denta Water & Infra Solutions Ltd carries total debt of ₹12.0 Cr against shareholder equity of ₹459 Cr as of Mar 26, a debt-to-equity of 0.03 — effectively unlevered. On the annual view that ratio went from 0.01 in FY24 to 0.03 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹12.0 Cr against shareholder equity of ₹459 Cr — a debt-to-equity of 0.03. On the annual view, debt-to-equity went from 0.01 (FY24) to 0.03 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹12.0 Cr at 0.03× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 3-year window.
Total debtDebt-to-equity
130.032×100.024×60.015×30.006×0−0.002×₹ Cr×₹120.03×FY24FY25FY26
130.032×100.024×60.015×30.006×0−0.002×₹ Cr×₹120.03×FY24FY25FY26
Mar 26: debt ₹12.0 Cr, debt-to-equity 0.03 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 9 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
150.032×110.024×80.015×40.006×0−0.002×₹ Cr×₹120.03×Jun 23Mar 25Mar 26
150.032×110.024×80.015×40.006×0−0.002×₹ Cr×₹120.03×Jun 23Mar 25Mar 26
13 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions cut 4.8 points of Denta Water & Infra Solutions Ltd over 5 quarters, the biggest move on the register. That takes domestic institutions to 0.3% of the company. Foreign institutions moved −1.9 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: −4.8 points over 5 quarters to 0.3%; Foreign institutions: −1.9 points over 5 quarters to 0.0%; Promoters: +0.0 points over 5 quarters to 71.9%.

🚨 Why the register moved: domestic institutions drove it (−4.8 points), alongside foreign institutions (−1.9 points) — distribution into the market’s bid.

Fiscal-year ends: promoters +0.0 pts from Mar 25 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 2 year-ends held.
PromotersForeign inst.Domestic inst.Public
78%57%36%15%−5.7%%71.9%0.0%0.3%27.8%Mar 25Mar 26
78%57%36%15%−5.7%%71.9%0.0%0.3%27.8%Mar 25Mar 26
Domestic institutions cut 4.8 points over 5 quarters Shareholding by holder class, % of the company, quarterly, last 6 quarters.
PromotersForeign inst.Domestic inst.Public
78%57%36%15%−5.8%%71.9%0%0.3%27.8%Mar 25Sep 25Jun 26
78%57%36%15%−5.8%%71.9%0%0.3%27.8%Mar 25Sep 25Jun 26
14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Denta Water & Infra Solutions Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

15 · Related companies · Construction - Civil/Turnkey
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1SRM Contractors LtdSRM 65.4/100Favorable setup80% evidence ASLEEP 29.1/35 Revenue 75.5% · PAT 87.3% · OPM change 5 pp 95% evidence 20.1/25 ROCE 37.1% · OPM 19% 95% evidence 11.3/20 P/E 8.5× · PEG — 15% evidence 4.9/20 RS sector -20.7% · RS bench -10.4% · 1Y -11.6%2 of 12 weeks ahead 100% evidence
Exact sum: 29.1 + 20.1 + 11.3 + 4.9 = 65.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.7% and the one-year return is -11.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Effwa Infra & Research LtdEFFWA 62.9/100Thin evidence · provisional56% evidence LEADER 16.8/35 Revenue — · PAT — · OPM change -2 pp 26% evidence 19.9/25 ROCE 29.3% · OPM 16% 95% evidence 10.0/20 P/E 30.3× · PEG — 15% evidence 16.2/20 RS sector 28.6% · RS bench 44.3% · 1Y 68.4%12 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 19.9 + 10 + 16.2 = 62.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Brahmaputra Infrastructure Ltd535693 62.7/100Mixed-positive evidence63% evidence 22.9/35 Revenue 50.4% · PAT 100% · OPM change -8 pp 83% evidence 14.8/25 ROCE 18.2% · OPM 22% 76% evidence 13.5/20 P/E 8× · PEG — 50% evidence 11.5/20 RS sector — · RS bench 20.3% · 1Y — 25% evidence
Exact sum: 22.9 + 14.8 + 13.5 + 11.5 = 62.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Gayatri Projects LtdGAYAPROJ 61.2/100Mixed-positive evidence73% evidence LEADER 27.0/35 Revenue 100% · PAT 100% · OPM change 6 pp 71% evidence 6.1/25 ROCE 7% · OPM 18% 95% evidence 12.4/20 P/E 9.7× · PEG — 50% evidence 15.7/20 RS sector 12.3% · RS bench 68.3% · 1Y 208%9 of 12 weeks ahead 70% evidence
Exact sum: 27 + 6.1 + 12.4 + 15.7 = 61.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Ceigall India LtdCEIGALL 56.4/100Mixed-positive evidence75% evidence TURNING 19.6/35 Revenue 20.3% · PAT 23.5% · OPM change 2 pp 95% evidence 13.9/25 ROCE 17.3% · OPM 15% 76% evidence 10.2/20 P/E 20.6× · PEG — 15% evidence 12.7/20 RS sector 13.7% · RS bench 27.9% · 1Y 38.8%4 of 12 weeks ahead 100% evidence
Exact sum: 19.6 + 13.9 + 10.2 + 12.7 = 56.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Sathlokhar Synergys E&C Global LtdSSEGL 51.5/100Thin evidence · provisional57% evidence TURNING 16.8/35 Revenue — · PAT — · OPM change 4 pp 45% evidence 16.5/25 ROCE 36.3% · OPM 15% 95% evidence 10.8/20 P/E 10.8× · PEG — 15% evidence 7.4/20 RS sector -31.4% · RS bench 7.8% · 1Y -8.5%3 of 10 weeks ahead 70% evidence
Exact sum: 16.8 + 16.5 + 10.8 + 7.4 = 51.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7B.L.Kashyap & Sons LtdBLKASHYAP 43.6/100Mixed-negative evidence74% evidence TURNING 17.4/35 Revenue 21.9% · PAT -80% · OPM change 0 pp 95% evidence 8.4/25 ROCE 12.6% · OPM 8% 95% evidence 9.8/20 P/E 33× · PEG — 15% evidence 8.0/20 RS sector -22.6% · RS bench 1.5% · 1Y -21.6%2 of 10 weeks ahead 70% evidence
Exact sum: 17.4 + 8.4 + 9.8 + 8 = 43.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Interise TrustINTERISE 43.3/100Thin evidence · provisional55% evidence 16.2/35 Revenue 0.8% · PAT 100% · OPM change -3 pp 95% evidence 8.6/25 ROCE 10.8% · OPM 72% 76% evidence 8.5/20 P/E 247× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 16.2 + 8.6 + 8.5 + 10 = 43.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Denta Water & Infra Solutions Ltdthis pageDENTA 42.7/100Mixed-negative evidence74% evidence TURNING 10.6/35 Revenue 10% · PAT -10.2% · OPM change -11 pp 95% evidence 15.7/25 ROCE 18.8% · OPM 22% 95% evidence 10.5/20 P/E 14.4× · PEG — 15% evidence 5.9/20 RS sector -26.8% · RS bench -7.6% · 1Y -30.9%9 of 10 weeks ahead 70% evidence
Exact sum: 10.6 + 15.7 + 10.5 + 5.9 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10A B Infrabuild LtdABINFRA 35.6/100Mixed-negative evidence80% evidence TURNING 9.9/35 Revenue 6.8% · PAT -5.5% · OPM change -2 pp 95% evidence 11.2/25 ROCE 15.2% · OPM 13.9% 95% evidence 9.5/20 P/E 37.1× · PEG — 15% evidence 5.0/20 RS sector -36.5% · RS bench -27.4% · 1Y -48.4%2 of 12 weeks ahead 100% evidence
Exact sum: 9.9 + 11.2 + 9.5 + 5 = 35.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Afcons Infrastructure LtdAFCONS 30.4/100Adverse evidence87% evidence BASING 5.4/35 Revenue -11.9% · PAT -73.1% · OPM change -4 pp 100% evidence 6.8/25 ROCE 13.9% · OPM 9% 100% evidence 13.6/20 P/E 45.6× · PEG 0.82 65% evidence 4.6/20 RS sector -30% · RS bench -25.1% · 1Y -42.2%0 of 10 weeks ahead 70% evidence
Exact sum: 5.4 + 6.8 + 13.6 + 4.6 = 30.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
12HRS Aluglaze Ltd544656 53.6/100Thin evidence · provisional18% evidence 17.9/35 Revenue — · PAT — · OPM change — 3% evidence 17.0/25 ROCE 20.2% · OPM 32% 57% evidence 8.7/20 P/E 105× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —2 of 2 weeks ahead to 2026-03-29 0% evidence
Exact sum: 17.9 + 17 + 8.7 + 10 = 53.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13GHV Infra Projects Ltd505504 53.0/100Thin evidence · provisional37% evidence BREAKING OUT 18.0/35 Revenue — · PAT — · OPM change 0 pp 17% evidence 12.7/25 ROCE — · OPM 11.1% 30% evidence 9.3/20 P/E 44.8× · PEG — 15% evidence 13.0/20 RS sector -8.5% · RS bench 3.7% · 1Y -1.2%5 of 12 weeks ahead 100% evidence
Exact sum: 18 + 12.7 + 9.3 + 13 = 53 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Denta Water & Infra Solutions Ltd's share price today?

Denta Water & Infra Solutions Ltd trades at ₹288, −25.9% over the past year. The company is valued at ₹768 Cr. The stock sits at 25% of its 52-week range of ₹232–₹452, −5.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 7 weeks in. — as of 11 September 2026.

What were Denta Water & Infra Solutions Ltd's latest quarterly results?

Denta Water & Infra Solutions Ltd reported revenue of ₹59.0 Cr and net profit of ₹11.0 Cr for the Jun 26 quarter. Revenue fell 11.9% and profit fell 42.1% year on year. Earnings per share were ₹4.18. The operating margin was 22.0%, 11.0 pp lower than a year earlier. — as of 11 September 2026.

What is Denta Water & Infra Solutions Ltd's revenue?

Denta Water & Infra Solutions Ltd reported revenue of ₹59.0 Cr in the Jun 26 quarter, −11.9% year on year. For the full FY26 fiscal year, revenue was ₹250 Cr (+23.2%). Over the last 5 years revenue compounded at 50.9% a year. — as of 11 September 2026.

What is Denta Water & Infra Solutions Ltd's profit?

Denta Water & Infra Solutions Ltd earned ₹11.0 Cr of net profit in the Jun 26 quarter, −42.1% year on year. Full-year FY26 profit was ₹61.0 Cr. The operating margin ran 22.0% in the latest quarter. — as of 11 September 2026.

What is Denta Water & Infra Solutions Ltd's market cap?

Denta Water & Infra Solutions Ltd's market capitalisation is ₹768 Cr at a share price of ₹288. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Denta Water & Infra Solutions Ltd's P/E ratio?

Denta Water & Infra Solutions Ltd trades at a P/E of 14.4×, at the 77th percentile of its own 2-year range, against a long-run median of 11.4×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Denta Water & Infra Solutions Ltd pay a dividend?

No — Denta Water & Infra Solutions Ltd has recorded a dividend payout of 0% of profit in each of its last 6 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.

Is Denta Water & Infra Solutions Ltd overvalued?

On its own history, Denta Water & Infra Solutions Ltd looks expensive: its P/E of 14.4× sits at the 77th percentile of its 2-year range (long-run median 11.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Denta Water & Infra Solutions Ltd growing?

Not right now — Denta Water & Infra Solutions Ltd's latest numbers are shrinking: latest-quarter revenue −11.9% year on year, profit −42.1%, and the margin −11.0 pp at 22.0%. The 5-year compound rates are 50.9% (revenue) and 40.9% (profit). The earnings engine currently reads: deteriorating — as of 11 September 2026.

How is Denta Water & Infra Solutions Ltd performing?

Denta Water & Infra Solutions Ltd is in a confirmed uptrend, 7 weeks in. Its latest quarter's revenue fell 11.9% and profit fell 42.1% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 2 weeks. — as of 11 September 2026.

Is Denta Water & Infra Solutions Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 7 of stage 2), trading −5.4% versus its 200-day average and at 25% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Denta Water & Infra Solutions Ltd beating the market?

Not lately — on a trailing-13-week view Denta Water & Infra Solutions Ltd is currently behind the NIFTY 500 (2 weeks and counting; last ahead the week of 2026-08-28), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.6 years the stock moved −15% against the NIFTY 500's +5% — behind the index over the full window. — as of 11 September 2026.

Will Denta Water & Infra Solutions Ltd's share price go up?

This page publishes no price forecast for Denta Water & Infra Solutions Ltd. What it measures instead: the share price is ₹288, the price is in a confirmed uptrend 7 weeks in. Its P/E of 14.4× sits at the 77th percentile of its own 2-year range. — as of 11 September 2026.

Who owns Denta Water & Infra Solutions Ltd?

Promoters hold 71.9% of Denta Water & Infra Solutions Ltd, foreign institutions 0.0%, domestic institutions 0.3% and the public 27.8% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 4.8 points over 5 quarters. — as of 11 September 2026.

Does Denta Water & Infra Solutions Ltd have too much debt?

No — Denta Water & Infra Solutions Ltd's debt-to-equity is 0.03, and operating profit covers the interest bill 74×. FY26 borrowings were ₹12.0 Cr against equity of ₹459 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Denta Water & Infra Solutions Ltd's capex?

Denta Water & Infra Solutions Ltd spent ₹2.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹1.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Denta Water & Infra Solutions Ltd's cash flow?

Denta Water & Infra Solutions Ltd consumed ₹34.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−35.0 Cr). Operating cash was negative while the company reported a profit of ₹61.0 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Denta Water & Infra Solutions Ltd's profit real cash?

No — operating cash was negative over the last 3 fiscal years: Denta Water & Infra Solutions Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−34.0 Cr against reported profit of ₹61.0 Cr. Cash-flow resolution is annual — as of 11 September 2026.

Where is Denta Water & Infra Solutions Ltd in its business cycle?

Denta Water & Infra Solutions Ltd's FY26 operating margin was 30.0%, against a 6-year band of 30.0%–46.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 22.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What growth does Denta Water & Infra Solutions Ltd's price assume?

At its price on 13 June 2026, Denta Water & Infra Solutions Ltd was priced for profit growth of about 3.3% a year. Profit itself has compounded 40.9% a year over the past 5 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.

What could break the Denta Water & Infra Solutions Ltd story?

The sharpest disagreement: annual EPS moved +15.1% against a −25.9% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Denta Water & Infra Solutions Ltd a stock worth studying right now?

This is not investment advice. The machine read: Denta Water & Infra Solutions Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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