In today’s dynamic market environment, companies with robust order books often signal sustained demand, operational strength, and long-term revenue visibility. Whether in engineering, manufacturing, or infrastructure, a healthy pipeline of orders can act as a cushion during downturns and fuel future growth. These businesses not only showcase execution capability but also reflect sectoral confidence and strategic positioning.
Here are three fundamentally strong stocks, each with an order book exceeding Rs.1 lakh crores:
NBCC (India) Ltd
With a market capitalization of Rs.34,437 crore, NBCC Ltd, a leading Navratna PSU construction and infrastructure company, saw its shares close at Rs.127.57 per equity share on Friday, rising 0.42 percent from its previous closing price.
NBCC continues to strengthen its position in the infrastructure sector with a consolidated order book of Rs.1,20,533 crores as of March 31, 2025. The order book includes contributions from its subsidiaries, HSCC (Rs.9,280 crores), HSCL (Rs.6,815 crores), and NSL (Rs.183 crores), with NBCC alone accounting for a robust Rs.1,04,255 crores.
Notable among these is a strategic MoU with MAHAPREIT worth Rs.25,000 crores to develop data centres, slum rehabilitation projects, and residential complexes under cluster development.
Additional key contracts include a Rs.3,500 crore project for mixed land use development at Poorvi Vihar, Lucknow, and Rs.916.56 crore in township construction for Damodar Valley Corporation.
Rail Vikas Nigam Ltd
With a market capitalization of Rs.89,438 crore, Rail Vikas Nigam Ltd, a leading PSU firm engaged in rail infrastructure projects, saw its shares close at Rs.428.15 per equity share on Friday, falling 0.34 percent from its previous closing price.
RVNL currently has an order book of approximately Rs.1 lakh crores. Of this, around Rs.45,000 crores come from projects assigned by Indian Railways, while the remaining Rs.55,000 crores are from projects secured through competitive bidding.
RVNL recently secured a highway project worth Rs.554 crores from NHAI, alongside a Rs.143 crore contract from Southern Railway. The company also emerged as the lowest bidder for a telecom infrastructure project valued at Rs.5,000 crores, and won an Rs.837 crore project from Eastern Railway.
Strengthening its order book further, RVNL won a Rs.270 crore metro contract in Maharashtra, along with multiple projects from Central, South Western, and East Coast Railways amounting to over Rs.695 crores. These recent contract wins have positively impacted the company’s market outlook.
Hindustan Aeronautics Ltd
With a market capitalization of Rs.3.33 lakh crore, Hindustan Aeronautics Ltd, a leading state-owned aerospace and defense company, saw its shares close at Rs.4,982.00 per equity share on Friday, falling 1.77 percent from its previous closing price.
As of May 2025, the company’s order book surged to Rs.1,89,300 crores, nearly doubling from Rs.94,127 crores the previous year. This growth follows the completion of the current year’s revenue of Rs.30,105 crores. Key manufacturing contracts valued at Rs.1,02,337 crores significantly contributed to this rise.
Major contracts include the production of 240 AL-31FP engines for the Sukhoi-30 worth Rs.25,500 crores, delivery of 156 LCH Prachand units totaling Rs.62,777 crores, and supply of 12 Sukhoi-30MKI aircraft for Rs.13,454 crores, along with various upgrade programs. Additionally, repair and overhaul orders amounted to Rs.19,271 crores, with design and development contracts of Rs.3,180 crores, plus export orders worth Rs.493 crores.
Looking ahead, the company anticipates approval of new contracts involving 97 LCA Mark 1A fighters, 143 ALH helicopters for the Air Force and Army, and 10 DO-228 aircraft for the Navy and Coast Guard. Upgrades for 40 Dornier aircraft are also underway. The estimated value of this pipeline is around Rs.1 lakh crores, expected to be realized within the next one to two years.
Written by – Siddesh S Raskar
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