20% Upper Circuit: Infra Stock Skyrockets After Receiving ₹507 Cr Metro Rail Order from IRCON

Synopsis :- A penny infra stock hit the 20% upper circuit after securing a major metro rail order worth ₹485.67 crore plus €2.67 million (21.45 crore), nearly 106% of its ₹246 crore market cap. The project includes power, traction, and E&M works with long-term maintenance. 

A penny-cap company engaged in the construction and infrastructure sector has come into the spotlight after securing a significant metro rail project order valued at Rs. 485.67 crore and €2.67 million (21.45 crore), strengthening its order book and boosting investor interest.

With the market capitalization of Rs. 246.47 crore, the shares of Univastu India Limited were trading at Rs. 68.75, up by 9.01 percent from its previous day’s close price of Rs. 63.07 per equity share. The stock has touched an intraday high of Rs. 75.68, implying an upper circuit of 20 percent from previous day’s close price.

Work Order

Univastu India Ltd has received a Letter of Acceptance from IRCON International Limited for a major package under Mumbai Metro Line 6 (Swami Samarth Nagar to Vikhroli – EEH) project of MMRDA. The contract involves design, manufacture, supply, installation, integration, testing and commissioning of power supply systems, traction, E&M works, lifts and escalators, along with 5 years of comprehensive maintenance after a 2-year defect liability period.

The total contract value stands at approximately Rs. 485.67 crore plus €2.67 million, having a combined worth of Rs. 507 Crore. The project has a design-build period of 104 weeks, followed by long-term maintenance, providing strong medium-to-long-term revenue visibility. This large domestic order significantly boosts the company’s order book in the metro rail infrastructure segment and strengthens its presence in large-scale urban transit projects.

Order Book Details

As of Q3 FY26, the company’s total order book stands at Rs. 1,053 crore on a consolidated basis, of which approximately Rs. 900 crore is on a standalone basis and around Rs. 150 crore is from subsidiaries. Management highlighted that nearly 100 percent of the orders are government-linked projects, either directly awarded by government entities or indirectly through clients such as L&T. Orders from L&T alone exceed Rs. 400 crore, with most of these projects also ultimately backed by government clients, ensuring strong public sector exposure in the overall order book.

About the Company & Financial

Incorporated in 2009 and headquartered in Pune, Univastu India Limited provides integrated engineering, procurement, and construction (EPC) services across civil, structural, and infrastructure projects in India.

The company executes projects such as metro stations, sports complexes, hospitals, commercial buildings, housing projects, water supply systems, roads, and bridges for both government and private sector clients. It also engages in the trading of construction materials, including steel, cement, and electrical products.

The company reported a healthy performance in Q3FY26, with revenue rising to Rs. 56.16 crore, marking a 33.8 percent YoY growth compared to Rs. 41.99 crore in Q3FY25. On a sequential basis, revenue increased 16.2 percent QoQ from Rs. 48.34 crore in Q2FY26, reflecting steady business momentum.

Net profit came in at Rs. 6.03 crore, registering an 18.7 percent YoY increase over Rs. 5.08 crore in Q3FY25. Sequentially, profit rose 20.4 percent QoQ from Rs. 5.01 crore, highlighting consistent bottom-line growth during the quarter.

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