A strong order book is a key indicator of a company’s future revenue visibility and execution strength. In the small-cap segment, certain companies have built exceptionally large order books, in some cases reaching up to Rs. 40,000 crore. These businesses stand out for their potential to deliver sustained growth, making them worth tracking closely in the coming quarters.
Here are a few small-cap stocks with order book of up to Rs. 40,000 crores as of Q1 FY26 to keep in your radar:
Transrail Lighting Limited
With a market cap of Rs. 9,886 crores, the stock closed in the red at Rs. 736.40 on BSE, as against its previous closing price of Rs. 748.50 on Friday. The company recorded an order inflow of Rs. 1,748 crore YTD, while the unexecuted order book stood at Rs. 14,654 crore as of June 2025, reflecting a 44 percent YoY growth. Including L1 orders, the total unexecuted order book amounted to Rs. 15,637 crore as of June 2025.
The composition of the unexecuted order book was predominantly in Power T&D (including substations) at 93 percent, followed by Civil at 4 percent, Railway at 2 percent, and Pole & Lighting at 1 percent.
Transrail Lighting Limited, a prominent engineering, procurement, and construction (EPC) company, is engaged in design, testing, manufacturing, material supply, construction, and commissioning across key verticals, including power transmission and distribution, including transmission lines, substations, distribution networks, and underground cabling; civil construction, poles and lighting railways and solar EPC.
Cemindia Projects Limited
With a market cap of Rs. 13,719 crores, the stock closed in the red at Rs. 798.65 on BSE, as against its previous closing price of Rs. 818.20 on Friday. As of Q1 FY26, Cemindia Projects reported an order book of Rs. 18,820 crores, with new orders worth over Rs. 2,900 crores secured during the quarter. Its client base is well-diversified, comprising Government (46 percent), PSU (7 percent) and Private Sector (47 percent).
Within the total order book, segmental contributions were as follows: Maritime Structures (36.8 percent), Industrial Structures & Buildings (23.8 percent), Urban Infrastructure, MRTS & Airports (22.2 percent), Hydro, Dams, Tunnels & Irrigation (7.7 percent), Highways, Bridges & Flyovers (5.1 percent), Foundation & Specialist Engineering (3.0 percent), and Water & Wastewater (1.4 percent).
Cemindia Projects Limited, previously known as ITD Cementation India Limited, is engaged in the construction of a wide variety of structures, including maritime structures, Mass Rapid Transport Systems (MRTS), dams & tunnels, airports, highways, bridges & flyovers, as well as other foundations and specialised engineering work.
Sona BLW Precision Forgings Limited
With a market cap of Rs. 25,468.80 crores, the stock closed in the flst at Rs. 409.65 on BSE, as against its previous closing price of Rs. 409.65 on Friday. As of Q1 FY26, the company’s order book stood at Rs. 26,200 crores, representing 7.4 times its FY25 revenue. The Electric Vehicle (EV) segment accounted for the majority, contributing Rs. 19,800 crore (75 percent), while the Non-EV segment contributed Rs. 5,400 crore (21 percent), and the Railway segment accounted for Rs. 1,000 crore (4 percent).
Sona BLW Precision Forgings Limited is engaged in the business of manufacturing precision forged bevel gears and differential case assemblies, conventional and micro-hybrid starter motors, EV traction motors etc., for automotive and other applications.
Genus Power Infrastructures Limited
With a market cap of Rs. 9,366 crores, shares of one of India’s largest players in the electricity metering solutions industry closed in the red at Rs. 308 on BSE, as against its previous closing price of Rs. 319.95 on Friday.
As of June 2025, the company’s total order book stands at approximately Rs. 29,321 crore, net of taxes, across all SPVs and the GIC platform. These concessions, spanning 8 to 10 years, provide long-term revenue visibility.
Of the total order book, Rs. 29,300 crore pertains to general orders, while Rs. 27,500 crore is related specifically to Advanced Metering Infrastructure Service Providers (AMISP). The remaining Rs. 1,800-1,900 crore represents third-party orders from private utilities and other customers, including some utilities that continue to purchase non-AMI meters, consistent with the company’s historical business.
Genus Power Infrastructures Limited is engaged in the business of manufacturing and providing metering and metering solutions and undertaking engineering, construction and contracts on a turnkey basis (core business division). It has also been engaged in making strategic investment activity, where under investments are made in shares and securities basis a thorough and systematic evaluation by the company and the management.
KEC International Limited
With a market cap of Rs. 22,520 crores, the stock closed in the red at Rs. 846 on BSE, as against its previous closing price of Rs. 868.90 on Friday. As of Q1 FY26, the company reported a robust and diversified consolidated order book and L1 orders exceeding Rs. 40,000 crore, alongside tenders under evaluation and in the pipeline totalling over Rs. 1.8 lakh crore.
The company’s order book stood at Rs. 34,409 crore, with a segment-wise composition of Transmission & Distribution (T&D) at 60 percent, Civil at 28 percent, Transportation at 9 percent, Cables at 1 percent, Renewables at 1 percent, and Oil & Gas at 1 percent. During the quarter, the company also recorded an order intake of Rs. 5,517 crore.
KEC International Limited is a global infrastructure Engineering, Procurement and Construction (EPC) major, engaged in the EPC business of power transmission and distribution (T&D), transportation, civil, renewables, Oil & Gas pipelines and cables, carried out either directly or through its subsidiaries.
Written by Shivani Singh
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