In the stock market, a company’s order book often provides a clear picture of its future growth potential. When the order book is larger than its revenue, it signals strong demand and earnings visibility ahead. This article highlights five stocks where the FY25 order book exceeds their reported revenue, showcasing businesses with promising pipelines and potential for sustained performance in the coming years.
Here are a few small-cap stocks with an order book more than their FY25 revenue
Cosmic CRF Limited
With a market capitalization of Rs. 1,150.25 crore, the shares of Cosmic CRF Limited were currently trading at Rs. 1,251.95 per equity share. As of June 30, 2025, Cosmic CRF Limited’s total order book stands at over Rs. 550 crore. The company reported a revenue of Rs. 402 crore and a net profit of Rs. 31 crore in FY25. The company’s order book is 1.37 times larger than its revenue for the financial year 2025.
Cosmic CRF Limited was established in December 2021 and is based in Kolkata, India. The company manufactures cold-rolled stainless sections mainly for railway wagon makers and public sector units. It is an RDSO-approved supplier to major wagon manufacturers and focuses on innovative, customized products for infrastructure projects.
Ahluwalia Contracts (India) Limited
With a market capitalization of Rs. 6,633.44 crore, the shares of Ahluwalia Contracts (India) Limited were currently trading at Rs. 990.25 per equity share. As of June 30, 2025, Ahluwalia Contracts (India) Limited’s total order book stands at over Rs. 16,582.10 crore, which includes residential at 40.7 percent, infrastructure at 25.6 percent, commercial at 16.8 percent, hospital at 11.5 percent, institutional at 4.7 percent, and hotel at 0.7 percent, showing diversified project allocations.
Ahluwalia Contracts (India) Limited’s revenue has increased from Rs. 3,855 crore in FY24 to Rs. 4,099 crore in FY25, which has grown by 6.33 percent. The company’s order book is 4.05 times larger than its revenue for the financial year 2025.
Ahluwalia Contracts (India) Limited was founded in 1979 and is headquartered in New Delhi. The company is a leading Indian civil contractor specializing in infrastructure construction. The company delivers diverse projects, including commercial, residential, hospitals, educational institutions, and urban infrastructure.
Engineers India Limited
With a market capitalization of Rs. 11,662.38 crore, the shares of Engineers India Limited were currently trading at Rs. 207.50 per equity share. As of June 2025, Engineers India Limited’s total order book stands at Rs. 12,144.3 crore, comprising Consultancy projects worth Rs. 6,813.3 crore and Turnkey projects worth Rs. 5,331 crore, reflecting a balanced mix of service and execution-based contracts.
Engineers India Limited’s revenue has decreased from Rs. 3,281 crore in FY24 to Rs. 3,088 crore in FY25, which is a drop of 5.88 percent. The company’s order book is 3.93 times larger than its revenue for the financial year 2025.
Engineers India Limited (EIL) was established in 1965 and is a leading Indian engineering consultancy and project management company focused on oil, gas, petrochemical, and infrastructure sectors. It offers end-to-end engineering, procurement, and construction services globally.
Likhitha Infrastructure Limited
With a market capitalization of Rs. 949.36 crore, the shares of Likhitha Infrastructure Limited were currently trading at Rs. 240.65 per equity share. As of June 30, 2025, Likhitha Infrastructure Limited’s total order book stands at over Rs. 1,100 crore. Likhitha Infrastructure Limited’s revenue has increased from Rs. 422 crore in FY24 to Rs. 520 crore in FY25, which is a growth of 23.22 percent. The company’s order book is 2.12 times larger than its revenue for the financial year 2025.
Likhitha Infrastructure Limited was founded in 1998 and specializes in laying, testing, and commissioning oil and gas pipelines across India. It executes cross-country pipeline projects, city gas distribution, and operation & maintenance services, serving major public and private sector clients with strong project execution capabilities.
KNR Construction Limited
With a market capitalization of Rs. 5,738.59 crore, the shares of KNR Construction Limited were currently trading at Rs. 204.05 per equity share. As of June 30, 2025, the company’s strong order book stands at Rs. 8,305 crore, comprising Rs. 2,259 crore from the Roads sector, Rs. 2,493.6 crore from the Irrigation and Pipeline sector, and Rs. 3,552.4 crore from the Mining sector.
KNR Construction Limited’s revenue has increased from Rs. 4,429 crore in FY24 to Rs. 4,753 crore in FY25, which is a growth of 7.32 percent. The company’s order book is 1.75 times larger than its revenue for the financial year 2025.
KNR Constructions Limited was incorporated in 1995 and is based in Hyderabad. The company specializes in infrastructure project development across India. It offers engineering, procurement, and construction (EPC) services for roads, highways, irrigation, urban water management, bridges, and flyovers, delivering high-quality projects on time.
Written By – Nikhil Naik
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