Synopsis:
Konstelec Engineers Limited won a Rs. 45.65 crore Ajmer Discom order to upgrade distribution infrastructure and segregate 11 KV feeders in Pratapgarh, Rajasthan, to be completed in 15 months.

This Penny Infra stock, engaged in delivering engineering, procurement, and construction (EPC) services for electrical, instrumentation, and automation projects across multiple industries in India and overseas, hit a 5 percent upper circuit after receiving an order worth Rs. 45.65 crore from Ajmer Vidyut Vitran Nigam Limited.

With a market capitalization of Rs. 94.38 crores, the shares of Konstelec Engineers Limited hit a 5 percent upper circuit of Rs. 64.10 per share on Friday, up from its previous closing price of Rs. 61.05 per share. Since then, the stock has retreated and is currently trading at Rs. 62.50 per equity share. 

What is the news?

On October 10, 2025, Konstelec Engineers Limited received a new work order worth Rs. 45.65 crore from Ajmer Vidyut Vitran Nigam Limited for developing distribution infrastructure and segregating 11 KV mixed feeders at the Pratapgarh circle of Ajmer Discom in Rajasthan. 

The project was awarded by a domestic government entity and is scheduled to be completed within 15 months. This contract highlights Konstelec’s expertise in executing large-scale electrical and EPC projects.

Company Overview

Konstelec Engineers Limited leads the EPC sector by delivering innovative solutions in Electrical, Instrumentation, and Automation Systems. The company ensures quality, safety, timely delivery, and cost-effectiveness in every project as a licensed electrical contractor. 

Over the past 30 years, the company has completed more than 200 projects and currently manages over 70 ongoing ones with a skilled workforce of more than 900 professionals. Konstelec serves clients across sectors such as Oil and Gas, Refinery, Steel, Cement, Pharmaceuticals, Textile, Healthcare, FMCG, Paints, Defense, Nuclear Power, and Space, both in India and abroad. 

Client Base

Konstelec Engineers Limited serves a wide range of esteemed clients including BARC, ISRO, NALCO, TATA, Kudremukh, Indian Oil, ONGC, HP, CPCL, TEIL, Reliance, TEN Energies, EIL, Waaree, ACC, JSW Steel, Worley, Kansai Nerolac, DCL, AM/NS India, HRL, and India’s Best Performing Port. 

Additionally, the company also partner with Deepak Chemtex, Ultratech, Larsen & Toubro, Adani, and Mahindra, delivering innovative solutions across diverse industries.

Order Book

Konstelec Engineers Limited reported a total order value of Rs. 720 crore, including Rs. 331 crore executed and Rs. 389 crore unexecuted. These figures highlight strong ongoing project activity and steady execution progress.

During FY 2024-25, the company received new orders worth Rs. 231 crore, including Rs. 35 crore in Q1 FY25. This growing order book reflects consistent business expansion and solid client trust.

Recent quarter results

Coming into financial highlights, Konstelec Engineers Limited’s standalone revenue has decreased from Rs. 122 crore in H2 FY24 to Rs. 109 crore in H2 FY25, which is a drop of 10.66 percent. The net profit has also decreased by 83.33 percent from Rs. 6 crore in H2 FY24 to Rs. 1 crore in H2 FY25. Konstelec Engineers Limited’s revenue and net profit have grown at a CAGR of 21.94 percent and 7.72 percent, respectively, over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 9.24 percent and 4.74 percent, respectively. Konstelec Engineers Limited has an earnings per share (EPS) of Rs. 3.15, and its debt-to-equity ratio is 0.70x.

Written By – Nikhil Naik

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