Synopsis:
Globe Civil Projects Ltd, recently listed on July 1, 2025, gained 1.55 percent intraday after securing an order from Telecommunications Consultants India Limited for works at NIT Delhi. With a strong Rs. 1,000 crore order book and FY26 growth guidance.
A civil construction player that was listed on July 1, 2025 saw its shares edge higher in Tuesday’s trade after bagging a fresh order for NIT Delhi. The stock, which has dropped 17.76 percent since listing, rose intraday as investors factored in the company’s robust pipeline and guidance.
Globe Civil Projects Ltd, with a market capitalization of Rs. 464.02 crore, opened at Rs. 78 against a previous close of Rs. 77.22 and touched an intraday high of Rs. 78.42, marking a 1.55 percent rise.
What’s the News?
The company announced that it has received a Letter of Intent for the construction of a sports complex and supply, erection, testing and commissioning of 11 KV HT Ring Main at the National Institute of Technology Delhi campus on an Engineering, Procurement and Construction (EPC-II) basis.
The tender was floated by Telecommunications Consultants India Limited. The total project award value is Rs. 13.11 crore with a completion period of 12 months. As of August 25, 2025, the company’s order book stood at Rs. 1,000 crore.
Management Commentary
During the August 25 transcript, management highlighted that the company plans to bid for projects worth around Rs. 300 crore in September, calling it a continuous process. They added that while the current order book is sufficient for achieving growth in this financial year, bidding activity of Rs. 300-400 crore per month will continue.
The management further guided for 20 to 25 percent growth in both topline and bottomline for FY26. They emphasized that the first quarter is typically subdued due to rains, slow project commencements and approval delays, but reaffirmed confidence in meeting the FY26 guidance of 20 to 25 percent.
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Financial Snapshot
On a quarterly basis, revenue fell from Rs. 123.92 crore to Rs. 67.35 crore, a decline of 45.6 percent. Operating profit decreased from Rs. 14.30 crore to Rs. 11.52 crore, down 19.4 percent. Profit before tax dropped from Rs. 10 crore to Rs. 6.81 crore, lower by 31.9 percent, while net profit slipped from Rs. 6.26 crore to Rs. 5.05 crore, a decline of 19.3 percent.
Over the past three years, the company delivered a compounded profit growth of 63 percent. Borrowings increased from Rs. 125 crore in March 2024 to Rs. 148 crore in March 2025. Return ratios remain strong with ROCE at 23.1 percent, ROE at 26.2 percent and ROA at 7.03 percent. The stock trades at a P/E of 19.3 compared to the industry average of 20.1.
About the Company
Headquartered in New Delhi, Globe Civil Projects is an integrated EPC company engaged in executing and constructing infrastructure projects across transport and logistics, including roads, bridges, airports and railway terminals, as well as social and commercial developments such as educational institutions, sports infrastructure and hospitals.
While its core strength lies in educational institution buildings, the company has diversified into specialized infrastructure and non-infrastructure projects, including railway bridges, airport terminals, elevated railway terminals and housing projects.
Written By Manan Gangwar
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