Stock: Kilburn Engineering Orders Boost FY26 Growth Outlook

Spread love

The engineering firm’s expanding order book—anchored by a ₹37.32 crore DAE project—supports its ambitious 50% revenue growth target for FY26.

By S JHA

Mumbai, November 12, 2025 — Brokerage house ICICI Direct has maintained an upbeat view on Kilburn Engineering Limited (KEL) after the company announced fresh order wins worth ₹87.87 crore, further strengthening its order pipeline and FY26 growth trajectory.

The largest order, valued at ₹37.32 crore, was secured for setting up a chemical process plant for the Heavy Water Board Facility (HWBF) under the Department of Atomic Energy (DAE), Government of India. The remaining orders span chemical, glass fibre, and industrial drying segments, highlighting the company’s diversified execution base.

According to ICICI Direct, these orders will help Kilburn Engineering stay on track to achieve its FY26 target of ₹500–600 crore in total order inflows, supporting its plan for ~50% year-on-year revenue growth. The brokerage noted that the steady inflow of projects across multiple industries reinforces the company’s execution visibility and underscores its leadership in niche industrial drying technologies.

Kilburn’s September 2025 business update paints a robust picture:

Order backlog stood at ₹492 crore, ensuring strong revenue visibility.
New orders and LOIs worth ₹129 crore were received post-quarter-end, bolstering growth momentum.
The company maintains an enquiry pipeline exceeding ₹4,000 crore, spanning petrochemical, fertilizer, steel, nuclear, and energy recovery sectors.

Management expressed confidence in sustaining this trajectory. Managing Director Ranjit Lala said the company is executing “complex, high-value projects efficiently while maintaining strong margins,” and that the integration of Monga Strayfield has enhanced both product offerings and profitability.

Director Amritanshu Khaitan added that Kilburn is entering a new phase focused on profitable global growth, supported by strategic partnerships with Komline Sanderson (USA) and Nara (Japan), aimed at expanding international reach and scaling high-value projects.

Founded in 1987, Kilburn Engineering Limited designs, commissions, and manufactures industrial drying systems and process equipment catering to chemical, fertilizer, and pharma sectors. The company also offers EPC services and manufactures rotary dryers, calciners, heat exchangers, and pneumatic handling systems.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)