Order Book at Rs 1,197 Crore: Geospatial & Engineering Services Company Wins Rs 5.8 Crore PMC Contract from Nashik Municipal Corporation to Improve Sewage System

DSIJ Intelligence-2 / 13 Jul 2025/ Categories: Mindshare, Multibaggers, Trending

Order Book at Rs 1,197 Crore: Geospatial & Engineering Services Company Wins Rs 5.8 Crore PMC Contract from Nashik Municipal Corporation to Improve Sewage System

Over the last 12 months, Ceinsys Tech has delivered a multibagger return of 165.23 per cent.

Ceinsys Tech Limited announced today, July 12, 2025, that it has received a significant Letter of Intent from the Nashik Municipal Corporation. This engagement appoints Ceinsys Tech Limited to provide Project Management Consultancy Services for enhancing the Sewage Management System within Nashik City. The primary objective of this project is to mitigate pollution in the Godavari River, operating under a Public-Private Partnership – Hybrid Annuity Model (PPP-HAM). The contract is valued at Rs. 5,80,92,000 and has a duration of one year. This domestic project is not classified as a related party transaction, as confirmed by the company, with no interest held by the promoter, promoter group, or group companies in the awarding entity. 

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Following this win, Ceinsys Tech’s total order book stands at Rs 1,197 crore as of March 31, 2025. Over the last 12 months, Ceinsys Tech has delivered a multibagger return of 165.23 per cent. On a year-to-date basis, the stock is down 18.98 per cent, but it has gained 2.21 per cent over the past week.

The company posted strong Quarterly Results for the March 2025 quarter. Revenue from operations rose 81.92 per cent year-on-year to Rs 142.39 crore from Rs 78.27 crore. Profit after tax increased 88.37 per cent to Rs 21.87 crore compared to Rs 11.61 crore in the same quarter last year.

For the full financial year FY25, Ceinsys Tech reported a 65.32 per cent increase in revenue from operations at Rs 418.10 crore, compared to Rs 252.90 crore in FY24. Profit after tax grew 80.57 per cent to Rs 63.20 crore from Rs 35 crore in the previous year.

Ceinsys Tech operates as a System Integrator with a focus on infrastructure monitoring solutions. The latest order reinforces its role in large-scale government projects, using data-driven platforms to enhance infrastructure management.

Disclaimer: The article is for informational purposes only and not investment advice.