Synopsis:
EFC (I) Limited won a contract to build a new Passport Seva Kendra at Pashan, Pune, enhancing its public infrastructure portfolio alongside projects in Ahmedabad and Hyderabad. The project includes complete interior turnkey fit-outs, reflecting EFC’s expertise in delivering high-quality infrastructure solutions nationwide
Known for delivering infrastructure and facility management solutions, the company has steadily expanded its footprint across India. In a recent development, it secured a significant contract to build a new Passport Seva Kendra in Pune, marking another step in its nationwide expansion and strengthening its growing portfolio of public infrastructure projects.
EFC (I) Limited’s stock, with a market capitalisation of Rs. 3,105 crores, fell to Rs. 304.85, hitting a low of up to 2.94 per cent from its previous closing price of Rs. 314.10. Furthermore, the stock over the past year has given a negative return of 9.77 per cent.
Recent Update
EFC has received a new general work contract to set up another Passport Seva Kendra at Pashan, Pune, under its ongoing agreement for Passport Seva Kendras across India. This new project adds to EFC’s successful work in Ahmedabad and Hyderabad, showing the company’s strong skills in managing important infrastructure projects and delivering high-quality, ready-to-use design and construction services.
The Pashan project will include complete interior setup, improving the centre’s look, features, and efficiency. EFC’s Managing Director, Mr. Umesh Sahay, shared that the company is honored to win this contract and is committed to doing its best. This contract also helps EFC strengthen its reputation as a reliable partner for integrated infrastructure work throughout the country.
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Business Segments
1. Leasing Vertical
The Leasing Vertical operates in 10 cities and manages office spaces across 82 sites, covering a total of 3 million square feet. On average, these sites range from 35,000 to 40,000 square feet, and can seat over 63,000 people. With occupancy rates of 90%, rent per seat ranges from INR 6,500 to 7,000.
The company keeps a healthy balance by maintaining a seat-to-space ratio of 45:1 and a 3-year average lease period, while landlord leases typically last over five years. Rent paid versus received and EBITDA versus rentals ratio of 25:100 show strong financial discipline.
2. Furniture Vertical
This division focuses on manufacturing and delivering high-quality furniture for businesses. The total manufacturing capacity stands between Rs. 2,750 and 3,000 million, and more than 35,000 units have been delivered to customers. The current order book exceeds Rs. 220 million, while the product range comprises over 795 different types of furniture items, catering to varied client needs.
3. Design & Build Vertical
The Design & Build Vertical specializes in creating attractive and functional workspaces, covering 5.2 lakh square feet across sectors such as real estate, IT/ITES, pharmaceuticals, and solar. The company has completed designs for 4.02 million square feet with a strong order book worth Rs. 1,150 million.
Their team includes more than 25 interior designers and over 30 well-known clients. Operating in 10+ locations, they emphasize thorough research and collaboration to deliver well-designed environments.
Q1 Financial Highlight
In Q1FY26, revenue grew to Rs. 220 crore, up 4.3% quarter-on-quarter from Rs. 211 crore in Q4FY25 and a substantial 115.7% year-on-year increase from Rs. 102 crore posted in Q1FY25. Profit for Q1FY26 reached Rs. 47 crore, showing a slight dip of 2% from Rs. 48 crore in Q4FY25, but a significant jump of 193.8% compared to Rs. 16 crore in Q1FY25.
Over the past three years, profit has compounded at a high rate of 2143% CAGR, while return on equity (ROE) recorded a healthy 23% CAGR over the same period. These results highlight strong growth momentum, with exceptional improvement in both revenue and profitability on an annual basis.
Written By Fazal Ul Vahab C H
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