Infra stock skyrockets 18% after receiving an order worth ₹91 Cr from Larsen & Toubro

Synopsis: An infrastructure stock almost hit its upper circuit after the company announced securing a Rs 391.76 crore work order from Larsen & Toubro for E&M works on the Mumbai Metro project.

A civil construction company’s stock surged by more than 18 percent and nearly reached its upper band after the company disclosed that it had bagged an Electrical & Mechanical (E&M) work order from Larsen & Toubro for the Mumbai Metro project.

With a market cap of Rs 254 Cr, Univastu India Ltd saw its stock hit an intraday high of Rs 74 which is 18.5 percent higher than the previous close of Rs 62.4. The company stock has given a compound  of41 percent the last 5 years, while the 3 year number stands at 25 percent.

What’s the News?

On Friday, Univastu India Ltd announced that the company has secured a Rs 391.76 crore work order from Larsen & Toubro for E&M works on Mumbai Metro Line-4 and Line-4A by the Mumbai Metropolitan Region Development Authority (MMRDA). The scope includes design, supply, installation, testing, and commissioning of complete E&M systems across 22 metro stations and one depot. 

The contract also covers a two-year defect liability period and five years of comprehensive maintenance, providing annuity-type, long-term revenue visibility, with the execution scheduled over 100 weeks for Design and Build (D&B).

The company’s order book as of Q2FY26 stood at Rs 630 Crore, which is 3.5 times the sales of the company FY25’s total revenue. The order book includes large orders like Jalgaon’s sports complex with a value of Rs 244 Crore and Pune’s Samvidhan Bhavan with a value of Rs 140 Crore.

Business & Financial Overview

Univastu India Ltd is a Pune-based, NSE-listed EPC construction company engaged in civil and infrastructure projects across India. Incorporated in 2009 and converted to a public company in 2017, it executes government and commercial projects such as metro stations, hospitals, sports complexes, roads, bridges, and water infrastructure, while also trading construction materials and focusing on sustainable building solutions.

In the latest quarter Univastu India Ltd saw a YoY revenue growth of 13 percent, going from Rs 42.4 Cr in Q2FY25 to Rs 48 Cr in Q2FY26, while the QoQ went up by 65 percent from Rs 29 Cr in Q1FY26. The YoY Net Profits growth is at 25 percent, going from Rs 4 Cr in Q2FY25 to Rs 5 Cr in Q2FY26, and a similar growth can be seen in the QoQ basis as well as Q1FY26 also has a net profit of 4 Crore. 

The company has a 3 year profit CAGR of 26 percent, while the sales CAGR for the same period stand at Rs 43 percent. Moreover, the company has a high ROCE of 26 percent, while the ROE stands at 16 percent.

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