This Small-cap Stock, engaged in executing infrastructure projects, including metro rail systems, roads, bridges, flyovers, irrigation projects, civil constructions, and piling works across India, is in focus after the company’s strong order stands at 4.15 times the market cap, reflecting 314.56 percent more than its current market value.
With a market capitalization of Rs. 4,646.62 crore, the shares of J Kumar Infraprojects Limited were currently trading at Rs. 614.10 per equity share, down nearly 0.25 percent from its previous day’s close price of Rs. 615.65.
Q2 FY26 Result Walkthrough
Coming into the quarterly results of J Kumar Infraprojects Limited, the company’s consolidated revenue from operations increased by 3.95 percent YOY, from Rs. 1,292 crore in Q2 FY25 to Rs. 1,343 crore in Q2 FY26, and decreased by 9.20 percent QoQ from Rs. 1,479 crore in Q1 FY25.
Further, the company’s EBITDA has increased by 3.72 percent, from Rs. 188 crore in Q2 FY25 to Rs. 195 crore in Q2 FY26. In Q2 FY26, J Kumar Infraprojects Limited’s consolidated net profit increased by 1.11 percent YOY, reaching Rs. 91 crore compared to Rs. 90 crore during the same period last year. As compared to Q1 FY26, the net profit has decreased by 11.65 percent, from Rs. 103 crore.
Revenue Segment
In Q2 FY26, J Kumar Infraprojects Limited generated most of its revenue from Elevated Corridors and Flyovers projects at 32 percent, followed by Roads and Tunnels projects at 25 percent. Metro – Elevated contributed 16 percent, while Civil and other accounted for 13 percent.
Further, Metro – Underground works formed 10 percent, and water projects made up the remaining 4 percent. This shows the company’s strong focus on metro and large urban infrastructure development.
Management Guidance
J. Kumar Infraprojects is targeting new order inflows of Rs. 6,000 to Rs. 8,000 crores in FY26, aiming to close the year with an order book of around Rs. 23,000 crores. The company also expects its EBITDA margin to improve from the current 14-15 percent to 15–16 percent over the next 6-8 quarters, and considers this guidance achievable.
The company plans to invest Rs. 450 to Rs. 500 crores over FY25- FY26, primarily toward the Chennai and GMLR projects. Looking ahead, J. Kumar Infraprojects aims to reach $1 billion in revenue and maintain a 15-16 percent profit margin by FY27, while targeting an order book of Rs. 25,000 crores in the same year.
Order book
As of September 30, 2025, J Kumar Infraprojects Limited has a strong order book of Rs. 20,160 crore, giving clear visibility for future growth. The company’s order book stands at approximately 4.15 times the market cap, reflecting 314.56 percent more than its current market value.
The largest share of the order book comes from Elevated Corridors and Flyovers, contributing 53 percent or around Rs. 10,685 crore. Roads and Road Tunnel projects account for 17 percent or approximately Rs. 3,427 crore, while Civil and Other works form 12 percent or about Rs. 2,419 crore.
Furthermore, Metro-Elevated projects contribute 7 percent (Rs. 1,411 crore), Metro–Underground projects contribute 6 percent (Rs. 1,210 crore), and Water projects make up the remaining 5 percent (Rs. 1,008 crore). This order mix highlights the company’s strong focus on large urban infrastructure development.
Major Projects Details
J Kumar Infraprojects Limited has completed key infrastructure projects such as Mumbai Metro Lines 2A and 7, Delhi and Ahmedabad Metro, ESIC Hospital, and major flyovers, including Amar Mahal, Panjarapol, and BKC–Chunabhatti, along with the Grant Road Skywalk. These projects highlight its strong metro and civil construction capabilities.
The company is currently executing major works like Mumbai Metro Lines 3, 4A, 7A, and 9, Pune Metro, Dwarka Expressway, Kalwa Bridge, SCLR Flyover, and Sewri–Worli Elevated Corridor, reinforcing its presence in urban infrastructure development.
Company overview
J. Kumar Infraprojects Limited was founded in 1980 by Mr. Jagdishkumar M. Gupta and started as a proprietorship and later became a corporate entity in 1999. The company has emerged as a leading infrastructure firm in India, specializing in complex construction projects.
The company is engaged in executing various infrastructure projects, including elevated and underground metro systems, bridges, flyovers, tunnels, irrigation works, and other civil construction activities. The company offers end-to-end engineering, procurement, and construction (EPC) services with expertise in diverse construction techniques.
Further, J. Kumar Infraprojects has a strong presence across India with a portfolio of significant projects like Pune Metro, Mumbai Metro expansions, and major flyovers.
Written By – Nikhil Naik
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