Mukul Agrawal Stock Jumps 7% After Securing ₹2,487 Cr Orders from MMRCL and MCGM

SYNOPSIS: An EPC company secured Rs. 2,487 crore infrastructure orders from MMRCL and MCGM, strengthening order book visibility, with projects spanning metro connectivity and urban road development to be executed over 24-42 months.

During Thursday’s trading session, shares of a pure play EPC company having a niche in the construction of urban infra projects, including metros, elevated corridors/flyovers, and roads & road tunnels, surged nearly 10 percent on BSE, after the company announced securing orders worth Rs. 2,487.65 crores.

With a market cap of Rs. 4,025.4 crores, shares of J Kumar Infraprojects Limited are currently trading in the green at Rs. 532 on BSE, up by over 3 percent, as against its previous closing price of Rs. 514.85. The stock has delivered negative returns of over 22 percent in one year, but has gained by around 14 percent in the last one month.

What’s the News

According to the latest disclosures on the stock exchanges, J Kumar Infraprojects Limited announced securing receipt of Letter of Acceptance for two orders. The first contract has been awarded by Mumbai Metro Rail Corporation Limited for the design and construction of an underground pedestrian vestibule connecting the Science Centre Metro Station to the Worli Promenade via the Mahalaxmi Racecourse. The project is valued at Rs. 521.77 crores and is scheduled to be completed within 24 months.

The second order has been received from the Municipal Corporation of Greater Mumbai for extensive infrastructure development works in Malad (West), Mumbai. This includes the construction of vehicular bridges, elevated roads over a nalla, additional road connectivity, and widening of the Malad-Marve Road, along with a separate bridge connecting Lagoon Road to Infinity Mall.

The total contract value for this project stands at Rs. 1,965.88 crores, awarded to the J. Kumar-RPS joint venture, in which J Kumar Infraprojects holds a 73 percent stake, translating to a project share of Rs. 1,435.09 crores. The execution timeline for this contract is 42 months.

Financials & More

J Kumar Infraprojects Limited is engaged in the business of execution of contracts of various infrastructure projects, including transportation engineering, irrigation projects, civil construction and piling work, etc. As per the March 2026 shareholding pattern, the renowned ace investor Mukul Mahavir Agrawal holds a 2.61 percent stake in the company.

The company reported a strong order book of Rs. 19,212 crores in December 2025. Segment-wise, the majority of the order book is driven by Elevated Corridors/Flyovers, which account for 53 percent. This is followed by Roads/Road tunnels, which contribute 18 percent, while Civil and other works account for 13 percent. Metro elevated projects make up 6 percent of the order book, followed by Metro Underground Projects and Water-Related Projects, each contributing around 5 percent.

Geographically, the order book is largely concentrated in Maharashtra, which accounts for 63 percent of the total. Tamil Nadu contributes 19 percent, while Delhi & NCR make up 15 percent. The remaining share is distributed across states such as Uttar Pradesh (2 percent), Gujarat (1 percent), and Karnataka (negligible share), indicating a strong regional presence with a focus on key infrastructure markets.

J Kumar Infra reported a decline in revenue from operations, experiencing a year-on-year decrease of around 12 percent, from Rs. 1,487 crores in Q3 FY25 to Rs. 1,311 crores in Q3 FY26. Likewise, its net profit decreased during the same period from Rs. 100 crores to Rs. 83 crores, representing a fall of about 17 percent YoY.

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