Krystal Integrated Services Ltd
NSE:KRYSTAL
Krystal Integrated Services Ltd
Krystal Integrated Services Ltd. engages in the provision of facilities management services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2024-03-21. The Company’s range of service offerings include soft services such as housekeeping, sanitation, landscaping and gardening, hard services such as mechanical, electrical and plumbing services, solid, liquid and biomedical waste management, pest control and facade cleaning and other services such as production support, warehouse management and airport management services (including multi-level parking and airport traffic management). The company also provides staffing solutions and payroll management to its customers, as well as private security and manned guard services and catering services. The firm focuses on healthcare, education, public administration (state government entities, municipal bodies and other government offices), airports, railways and metro infrastructure, and the retail sector.
Krystal Integrated Services Ltd. engages in the provision of facilities management services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2024-03-21. The Company’s range of service offerings include soft services such as housekeeping, sanitation, landscaping and gardening, hard services such as mechanical, electrical and plumbing services, solid, liquid and biomedical waste management, pest control and facade cleaning and other services such as production support, warehouse management and airport management services (including multi-level parking and airport traffic management). The company also provides staffing solutions and payroll management to its customers, as well as private security and manned guard services and catering services. The firm focuses on healthcare, education, public administration (state government entities, municipal bodies and other government offices), airports, railways and metro infrastructure, and the retail sector.
Revenue Growth: Q2 FY'26 revenue grew 6.5% year-on-year to INR 283.40 crores, while H1 FY'26 revenue was up 15.9% year-on-year at INR 606.48 crores.
Margin Dynamics: Margins were stable despite subdued top-line growth; Q2 EBITDA margin dipped slightly by 7 bps to 6.32% due to higher employee and admin costs, while H1 margin improved 11 bps to 6.47%.
Corporate Segment Strength: Corporate business revenue rose 53% year-on-year in H1 FY'26, with the addition of 19 new corporate clients, and is contributing higher margins.
Government Order Delays: Delays in government tender documentation and approvals led to slower revenue recognition but a robust pipeline remains.
Order Book: Order book stands above INR 2,600 crores, with a roughly 60:40 government-to-corporate mix, providing visibility for at least three years.
Working Capital Improvement: Management says collection efficiency improved post-quarter and expects receivable days to decrease going forward.
Strategic Focus: The company is prioritizing profitable contracts and margin expansion over top-line growth, especially in new verticals like O&M and water/waste management.
