Denta water and irrigation make up 92.2% of order-book schedule

Denta’s September 30, 2026 detailed order-book schedule puts Rs 692.37 crore, or 92.2%, in water management and irrigation, out of Rs 750.27 crore across 32 projects. The disclosed split makes water-linked execution the principal source of visibility, while roads and railways together represent Rs 20.4 crore.

How concentrated is Denta’s order book in water and irrigation?

Denta’s order book is concentrated in water management and irrigation, which account for 21 of 32 projects and Rs 692.37 crore of the Rs 750.27 crore detailed schedule as of September 30, 2026. Water management is the largest individual segment, with 15 projects worth Rs 404.65 crore and a stated 53.9% share. Irrigation adds six projects worth Rs 287.72 crore, or 38.3%.

The presentation’s listed segment percentages total 92.2% for water management and irrigation. Water management exceeds irrigation by Rs 116.93 crore and by nine projects, although both categories together are substantially larger than the Rs 57.91 crore remaining in infrastructure, railways and roads. Infrastructure is the largest of those three categories at Rs 37.51 crore across five projects.

What projects support Denta’s water-management work?

Denta’s disclosed government-partner project list includes three Jal Jeevan Mission projects with a combined contract value of Rs 387.08 crore. Kerehalli is the largest at Rs 235 crore with a 100% company share, followed by Chikkabenekal at Rs 106.5 crore with a 100% share. Doddakavalande has a Rs 4.59 crore contract value and an 89.9% share for Denta.

The presentation also identifies two Amrut projects totalling Rs 225.84 crore and five sewage treatment plant, or STP, projects totalling Rs 140.53 crore. Kukkunnur Yelburga is listed at Rs 205.2 crore with a 100% share, while Basavanabagewadi is Rs 20.64 crore with a 94% share. The STP group covers Kuningal town, Belagavi, Dharwad, Kalburagi and Tumkur, with individual contract values from Rs 13.4 crore to Rs 41.74 crore.

These named project values are contract values, while the September 2026 schedule reports outstanding order-book values by segment. The project list therefore identifies the types of water work Denta has undertaken, including drinking-water schemes and STPs, but it does not allocate each named contract to the Rs 404.65 crore outstanding water-management balance.

How much of Denta’s order book is in roads and railways?

Denta’s detailed September 2026 schedule assigns Rs 20.4 crore to roads and railways combined, equal to the presentation’s stated 2.8% when the 0.5% roads share and 2.3% railways share are added. Railway projects account for Rs 17.01 crore across two projects, whereas four road projects account for Rs 3.39 crore. The Rs 13.62 crore difference makes railways the larger of the two categories.

Denta’s track record from financial year (FY) 2021 through the second quarter of FY27 similarly shows a far larger cumulative value in water management than in roads or railways. Water-management projects were reported at Rs 1,033.48 crore, compared with Rs 17.87 crore for roads and Rs 6.374 crore for railways. Irrigation work in that track record was Rs 38.24 crore, while the current detailed schedule has Rs 287.72 crore of irrigation work outstanding.

The same track-record page lists Rs 43.85 crore in other projects, Rs 3.55 crore in infrastructure and Rs 48 lakh in operation and management works. Those historical categories show that Denta has reported work outside water and irrigation since FY21, but the September 2026 schedule places only Rs 20.4 crore in the roads and railways categories cited in its diversification plan.

Does Denta report the same order-book total throughout the presentation?

No, Denta’s presentation reports Rs 750.27 crore in the detailed order-book table but states Rs 782.44 crore in the accompanying September 30, 2026 narrative, a difference of Rs 32.17 crore. The detailed table covers 32 projects and provides segment values, whereas the narrative calls Rs 782.44 crore the company’s outstanding order book. The presentation does not explain the difference between these two figures.

The detailed table’s five segment values add to Rs 750.27 crore, matching its total row. Its listed percentage split also totals 100.0%, comprising 53.9% water management, 38.3% irrigation, 5.0% infrastructure, 2.3% railways and 0.5% roads. The narrative says the order book offers visibility for execution in the near term but does not provide a segment schedule for the Rs 782.44 crore figure.

A second comparison appears on the growth-strategy page, where Denta says it currently has railway and highway projects worth Rs 29.743 crore. That is Rs 9.343 crore above the Rs 20.4 crore combined railways and roads value in the detailed schedule. The source does not state whether the growth-strategy figure includes work outside the 32 scheduled projects, uses a different reporting date, or applies a different definition of roads and highways.

What is Denta’s plan beyond its current water-led order book?

Denta says it intends to continue constructing existing projects while seeking additional groundwater-recharging opportunities. Its presentation describes water treatment, sewage collection and treatment, groundwater recharge, and reuse of secondary treated sewage water as part of its water-management offering. It says its Design-Build-Operate-Transfer model can provide operation and maintenance contracts worth about 7% to 8% of contract value over three to five years.

Management says Denta intends to expand beyond Karnataka into Gujarat, Madhya Pradesh, Maharashtra and Uttar Pradesh. The company also says it will continue bidding for railway and highway projects while pursuing water reuse and recycling opportunities. Those plans sit alongside the September 2026 schedule, in which railways and roads total Rs 20.4 crore and water management plus irrigation total Rs 692.37 crore.

Denta’s presentation says its completed-project record includes 50 projects worth Rs 277.28 crore and describes an order book with visibility for the next three years. The company says further order-book scale over the year is expected to depend on market dynamics and successful bid conversions, making contract awards and execution of the 32 scheduled projects relevant to its stated plan.

Conclusion

Denta’s detailed September 2026 schedule shows that its outstanding project workload is primarily tied to water management and irrigation, at Rs 692.37 crore across 21 projects. Water management alone contributes Rs 404.65 crore, while irrigation contributes Rs 287.72 crore; together, their stated shares amount to 92.2% of the Rs 750.27 crore schedule. Infrastructure accounts for Rs 37.51 crore, and roads plus railways account for Rs 20.4 crore.

The next disclosed factors to watch are execution of the 32 scheduled projects, the company’s planned bids in railways and highways, and its intended geographic expansion into four states beyond Karnataka. Management also expects further order-book scale during the year subject to market dynamics and successful bid conversions, while the Rs 32.17 crore gap between the narrative and detailed order-book totals remains unresolved in the presentation.