Rs 270 crore order book: Micro-cap company secures orders worth Rs 3,09,27,213 from Sabarmati Gas Ltd and Indraprastha Gas Ltd
DSIJ Intelligence-1 / 03 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 58 per cent from its 52-week low of Rs 160 per share.
Desco Infratech Limited has successfully secured new orders totalling Rs 3,09,27,213 (inclusive of GST) from two major domestic gas entities: Sabarmati Gas Limited (SGL) and Indraprastha Gas Limited (IGL). The company received a Letter of Intent (LOI) from SGL, corresponding to a previous L1 bid, valued at Rs 1,81,69,440. Additionally, an order from IGL was received, amounting to Rs 1,27,57,773. The nature of these domestic contracts primarily involves two key areas: the laying, installation, testing, and commissioning of approximately 11.5 Kms of 4-inch diameter Steel Gas Pipeline Connectivity in the Patan GA region for SGL, and the hiring of services for repair and maintenance of PNG installations and handling customer complaints/request services for O&M Control Rooms in the Ajmer GA for IGL.
Earlier, the company received a domestic order from Gail Gas Limited valued at approximately Rs 3,96,82,887.61. The contract, which is for a City Gas Distribution (CGD) project in Bengaluru, involves the laying of underground MDPE pipelines and other associated works. The project is expected to be completed within a 12-month timeframe.
About the Company
Desco Infratech Limited, established in January 2011, operates as an infrastructure company specialising in Engineering, Planning and Construction across various sectors, including City Gas Distribution, Renewable Energy, Water and Power. The company offers a range of services encompassing pipeline laying, installation, testing, commissioning and operation & maintenance within these domains, catering to projects such as Piped Natural Gas (PNG) networks, power distribution cabling, water pipeline infrastructure and foundation work for Solar power projects, including collaborations with entities like Bharat Petroleum Corporation Limited and Adani Green Energy.
The company has a market cap of over Rs 190 crore and its Order Book stands at Rs 270 crore as of May 12, 2025. The shares of the company have a PE of 19x, an ROE of 26 per cent and an ROCE of 31 per cent. The stock is up by 58 per cent from its 52-week low of Rs 160 per share.
Disclaimer: The article is for informational purposes only and not investment advice.