Synopsis:
Ganesh Infraworld Limited has secured two sub-contracts: one for developing CM’s Model School in Gangtok for ₹280.31 crores (36 months) and another for SITC of communication systems for ₹62.12 crores (15 months) through its JV.

The shares of a Small-Cap company, specializing in integrated engineering, procurement, and construction (EPC) services for infrastructure development projects, jumped upto 3 percent upon receiving Civil Infra and Rail Infra subcontract work orders worth Rs. 342.43 Crores. 

With a market capitalization of Rs. 1,021.04 crores on Thursday, the shares of Ganesh Infraworld Limited jumped upto 2.4 percent, making a high of Rs. 241.90 per share compared to its previous closing price of Rs. 236.20 per share.

Ganesh Infraworld Limited, engaged in integrated engineering, procurement, and construction (EPC) services for infrastructure development projects, has received two sub-contract work orders worth Rs. 342.43 Crores.

The first order has been awarded for the infrastructural development of the CM’s Model School at Assam Lingzey, Gangtok, Sikkim. The project is valued at Rs. 280.31 crores and will be executed in EPC mode over a period of 36 months, and this falls under the civil infrastructure segment.

The Second order, through its joint venture, Ganesh Netsoft JV Networks, the company has secured a sub-contract worth Rs. 62.12 crores for the SITC of IP-MPLS technology. This project involves setting up a Unified Communication Backbone and VOIP-based Train Control System across the Adra, Kharagpur, Ranchi, and Chakradharpur divisions of South Eastern Railway, with a completion timeline of 15 months under the rail infrastructure category.

Financials & Others

The company’s revenue rose by 32.7 percent from Rs. 136.89 crores to Rs. 181.67 crores in Q1FY25-26. Meanwhile, Net profit rose from Rs. 10.04 crores to Rs. 14.61 crores in the same period.

The company has a low debt-to-equity ratio of 0.21, indicating strong financial stability. Its current assets exceed current liabilities, ensuring good short-term liquidity. Over the past 3 years, the company has maintained a strong average Return on Equity (ROE) of 54.89% and Return on Capital Employed (ROCE) of 46.70%, reflecting healthy profitability and efficient use of capital.

Ganesh Infraworld Limited is one of the fastest-growing infrastructure companies in Eastern India, specializing in providing EPC services to major industry players. The company offers complete end-to-end erection solutions for complex infrastructure projects and has a diverse portfolio, which helps mitigate risks during industry setbacks. 

With an order book of Rs. 1,185 crores, a presence in 8 states, and a low debt-to-equity ratio of 0.21x (as of March 2025), the company is well-positioned for continued growth.

The company operates in three key business segments: Civil and Electrical Infrastructure, Road and Rail Infrastructure, and Water Infrastructure Development projects, showcasing its diverse expertise in large-scale infrastructure development.

As of Q1 FY26, the order book is bifurcated as follows: 48% in Civil & Electrical, 10% in Road & Rail, and 42% in Water Infrastructure projects. The company’s order book has grown by 124.1%, from Rs. 528.76 crores in Q1 FY25 to Rs. 1,184.99 crores in Q1 FY26.

Written by Sridhar J 

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