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Mint
a day ago
- Business
- Mint
B L Kashyap & Sons secures ₹1,067 crore worth of orders in 2 days, equal to 65% of its market cap
B L Kashyap and Sons (BLK), a small-cap stock, has been making waves on Dalal Street with a series of order wins, boosting its order book and enhancing revenue visibility. On Monday, the company announced that it had secured an order worth ₹ 910 crore from BPTP Limited for the construction of civil structures for residential towers, including associated non-tower areas and a community building. This was the second major order after the company secured a ₹ 157.26 crore contract on Friday from Manyata Promoters Private Limited for civil and structural works at the Embassy Manyata Business Park project. Together, these two orders amount to ₹ 1,067.26 crore, equivalent to approximately 65% of the company's current market capitalization of ₹ 1,641 crore. Earlier in May, the company had also bagged an order worth ₹ 510 crore from Fidatocity Homes Private Limited for the construction of a residential group housing project with a built-up area of approximately 28.30 lakh square feet. Zooming out, it ended FY25 with a strong order book of ₹ 3,021 crore, representing 2.16 times its FY25 revenue. Haryana and Karnataka are the largest contributors to the company's order book. Segment-wise, commercial projects account for 70% of the total order book, followed by residential (17%), institutional (8%), and infrastructure (5%), according to its latest investor filing. Looking ahead, the company aims to continue bidding for railway projects by leveraging its experience from completed, ongoing, and upcoming metro and railway projects. It plans to strategically grow its presence in the railway sector, with the goal of increasing the government project share to 25% of the order book in FY26, according to the company's recent investor presentation. Currently, its private-to-government project ratio stands at 93:07. The company is targeting a more balanced ratio by capitalizing on infrastructure investments under the National Infrastructure Pipeline (NIP). As part of its future strategy, it said it plans to strategically monetize non-core assets to achieve financial freedom by FY2027. This will involve identifying and liquidating underutilized assets, optimizing its portfolio, and reallocating resources to high-growth areas. Through the unlocking of non-essential assets, the company aims to strengthen its financial position, reduce liabilities, and increase flexibility for reinvestment in core business initiatives. Meanwhile, the company also stated that it has significantly reduced its debt from ₹ 700 crore to ₹ 275 crore in FY25. It also informed us that there is currently no term loan outstanding, with only working capital and bank guarantee limits in place. CRISIL has upgraded the company's credit rating to CRISIL B+/Stable/A4.' The company's shares entered a significant correction phase after hitting an all-time high of ₹ 120.55 apiece in August last year, shedding nearly 40% of their value since then to trade at current level of ₹ 73. This sustained decline is largely due to profit-booking, following a sharp rally between June 2022 and August 2024, during which the stock surged 488% without any major pullbacks. Looking at the long term, the stock is still up 1,162% over the past five years. From its March 2020 low of ₹ 3.30 apiece, the stock has jumped an impressive 2,112% to date.
Mint
2 days ago
- Business
- Mint
B L Kashyap & Sons secures ₹1,067 crore worth of orders in 2 days, equal to 65% of its market cap
B L Kashyap and Sons (BLK), a small-cap stock, has been making waves on Dalal Street with a series of order wins, boosting its order book and enhancing revenue visibility. On Monday, the company announced that it had secured an order worth ₹ 910 crore from BPTP Limited for the construction of civil structures for residential towers, including associated non-tower areas and a community building. This was the second major order after the company secured a ₹ 157.26 crore contract on Friday from Manyata Promoters Private Limited for civil and structural works at the Embassy Manyata Business Park project. Together, these two orders amount to ₹ 1,067.26 crore, equivalent to approximately 65% of the company's current market capitalization of ₹ 1,641 crore. Earlier in May, the company had also bagged an order worth ₹ 510 crore from Fidatocity Homes Private Limited for the construction of a residential group housing project with a built-up area of approximately 28.30 lakh square feet. Zooming out, it ended FY25 with a strong order book of ₹ 3,021 crore, representing 2.16 times its FY25 revenue. Haryana and Karnataka are the largest contributors to the company's order book. Segment-wise, commercial projects account for 70% of the total order book, followed by residential (17%), institutional (8%), and infrastructure (5%), according to its latest investor filing. Looking ahead, the company aims to continue bidding for railway projects by leveraging its experience from completed, ongoing, and upcoming metro and railway projects. It plans to strategically grow its presence in the railway sector, with the goal of increasing the government project share to 25% of the order book in FY26, according to the company's recent investor presentation. Currently, its private-to-government project ratio stands at 93:07. The company is targeting a more balanced ratio by capitalizing on infrastructure investments under the National Infrastructure Pipeline (NIP). As part of its future strategy, it said it plans to strategically monetize non-core assets to achieve financial freedom by FY2027. This will involve identifying and liquidating underutilized assets, optimizing its portfolio, and reallocating resources to high-growth areas. Through the unlocking of non-essential assets, the company aims to strengthen its financial position, reduce liabilities, and increase flexibility for reinvestment in core business initiatives. Meanwhile, the company also stated that it has significantly reduced its debt from ₹ 700 crore to ₹ 275 crore in FY25. It also informed us that there is currently no term loan outstanding, with only working capital and bank guarantee limits in place. CRISIL has upgraded the company's credit rating to CRISIL B+/Stable/A4.' The company's shares entered a significant correction phase after hitting an all-time high of ₹ 120.55 apiece in August last year, shedding nearly 40% of their value since then to trade at current level of ₹ 73. This sustained decline is largely due to profit-booking, following a sharp rally between June 2022 and August 2024, during which the stock surged 488% without any major pullbacks. Looking at the long term, the stock is still up 1,162% over the past five years. From its March 2020 low of ₹ 3.30 apiece, the stock has jumped an impressive 2,112% to date. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Business Standard
2 days ago
- Business
- Business Standard
This smallcap civil construction share is up 4% on bagging ₹910-cr deal
B L Kashyap share price: B L Kashyap share price was in demand on Tuesday, July 22, 2025, with the stock rising as much as 4.08 per cent to an intraday high of ₹75.10 per share. By 11:30 AM, B L Kashyap share price was trading 1.14 per cent higher at ₹72.97 per share. In comparison, BSE Sensex was trading flat with a negative bias at 82,167.09 levels. Why did B L Kashyap share price rise today? B L Kashyap share price rose on the back of a deal worth ₹910 crore, excluding GST, from BPTP Limited. B L Kashyap, via an exchange filing, said, 'We are pleased to intimate under Clause 30 of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended that B L Kashyap and Sons Limited has secured an order of the Company.' Under the terms of the order, B L Kashyap will be responsible for the construction of civil structure for residential towers, including associated non-tower areas, community building etc. The order is expected to be executed in approximately 36 months or 3 years. About B L Kashyap and Sons B L Kashyap is among India's leading construction, infrastructure, and civil engineering companies with a strong reputation for delivering high-quality projects across sectors. With decades of experience, the company has built a diverse portfolio that includes high-rise residential and commercial complexes, IT parks, institutional buildings, hospitals, industrial facilities, corporate offices, and metro stations. The company provides end-to-end Engineering, Procurement, and Construction (EPC) services, catering to both public and private sector clients. Established by the late B L Kashyap, the company has grown under the leadership of his sons and was listed on the stock exchange in 2006. Today, it operates with a pan-India presence and is driven by a professional team of engineers, project managers, and industry specialists. Over the years, the company has executed landmark projects like Prestige Golfshire, Embassy Pristine, and Gomti Nagar Railway Station, cementing its position as a trusted name in India's infrastructure and construction landscape. The market capitalisation of the company is ₹1,643.46 crore, according to Bombay Stock Exchange (BSE). The company falls under the BSE SmallCap category. The 52-week high of B L Kashyap share price is ₹120.60, while its 52-week low is ₹42.71.
Business Upturn
2 days ago
- Business
- Business Upturn
B.L. Kashyap secures Rs 910 crore civil construction order from BPTP
By Aditya Bhagchandani Published on July 21, 2025, 16:25 IST B.L. Kashyap and Sons Limited announced on July 21 that it has received a significant order worth approximately ₹910 crore (excluding GST) from BPTP Limited. The contract involves the construction and supervision of civil structures for residential towers, associated non-tower areas, and a community building. According to the company's disclosure to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the order is domestic in nature and is expected to be executed within 36 months. The Letter of Intent (LOI) for the project was received on July 21, 2025, at 11:00 AM. The company clarified that neither the promoter group nor any related parties have any interest in the awarding entity, and the contract does not fall under related-party transactions. This project marks another addition to B.L. Kashyap's portfolio of large-scale civil construction projects in India. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
