Synopsis:
Ganesh Infraworld Limited received a ₹203.83 crore EPC subcontract for earthwork and excavation at Dharavi STP, Mumbai, to be completed within 12 months.

This micro-cap Infra stock, engaged in engineering, procurement, and construction (EPC) services, delivering civil, electrical, road, rail, and water infrastructure projects across India, is in focus after receiving an order worth Rs. 204 crore for the water infrastructure project in Mumbai, Maharashtra.

With a market capitalization of Rs. 845.67crores, the share of Ganesh Infraworld Limited has reached an intraday high of Rs. 199.10 per equity share, rising nearly 1.32 percent from its previous day’s close price of Rs. 196.50. Since then, the stock has retreated and is currently trading at Rs. 194 per equity share. 

Ganesh Infraworld Limited has received a new work contract for earthwork and excavation at the Dharavi Sewage Treatment Plant (STP) in Mumbai. This project, worth Rs. 203.83 crores, will be carried out on a sub-contract basis under the EPC (Engineering, Procurement, and Construction) mode. 

The project is expected to be completed within 12 months and falls under the company’s water infrastructure vertical. This order further strengthens the company’s presence in the infrastructure development sector.

Ganesh Infraworld Limited was incorporated in 2017 and is headquartered in Kolkata, West Bengal and is a rapidly growing, publicly listed infrastructure company. It specializes in engineering, procurement, and construction (EPC) services across multiple sectors throughout India.

Ganesh Infraworld Limited is growing well and now has a presence in 7 states across North India. The company has finished 67 projects and is currently working on 28 more. With a strong team of 80 engineers, it is steadily expanding its work in the infrastructure field.

The company has worked with top clients like TATA, NTPC, Adani, Indian Oil, PowerGrid, and Maruti Suzuki. This shows its strong reputation and reliable performance in major infrastructure and industrial projects across the country. In FY25, the company’s order book saw strong growth, increasing by 99.3 percent, from Rs. 447.12 crores in FY24 to Rs. 891.11 crores, nearly doubling within a year.

Ganesh Infraworld Limited recorded strong growth across its infrastructure segments. Civil Infrastructure led the way with Rs. 444.49 crores, followed by Water Infrastructure at Rs. 318.57 crores, and Road & Rail Infrastructure contributing Rs. 128.05 crores.

Notably, the Water Infrastructure segment experienced an impressive 29x growth, rising from Rs. 10.95 crores in FY24 to Rs. 318.57 crores in FY25. This highlights the company’s growing focus and expertise in the water sector.

Coming into financial highlights, Ganesh Infraworld Limited’s revenue has increased from Rs. 135 crore in Q1 FY25 to Rs. 181 crore in Q1 FY26, which has grown by 34.07 percent. The net profit has also grown by 50 percent from Rs. 10 crore in Q1 FY25 to Rs. 15 crore in Q1 FY26.

In terms of return ratios, the company’s ROCE and ROE stand at 37.9 percent and 36.2 percent, respectively. Ganesh Infraworld Limited has an earnings per share (EPS) of Rs. 11.1, and its debt-to-equity ratio is 0.21x.

Written By – Nikhil Naik

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