Rs 891 crore order book: Water infrastructure company bags order of Rs 25.49 crore in Bhubaneswar

Ganesh Infraworld Limited has been awarded a significant sub-contract for infrastructure development in Bhubaneswar, focusing on the laying of sewer pipelines and the construction of manholes, alongside related civil works. This Engineering, Procurement, and Construction (EPC) project, valued at Rs 25.49 crore, falls under the Water Infra vertical and is slated for completion within a 12-month duration. The contract highlights Ganesh Infraworld's role in critical urban infrastructure development.

The company boasts a robust current order book of Rs 891 crore, ensuring strong revenue visibility across various sectors as of March 31, 2025. This includes Rs 444 crore in civil infrastructure, Rs 128 crore in road & rail projects and a significant Rs 318 crore in water infrastructure, with the water infra order book experiencing an impressive 29-fold year-over-year growth due to an aggressive strategic pivot and substantial new orders.

Ganesh Infraworld Limited, established in 2017, is a construction company offering integrated engineering, procurement, and construction (EPC) services. The company operates through item-rate and percentage-rate contracts, working as both a sub-contractor for major EPC firms and a direct contractor for government and private entities. Its diverse project portfolio spans Civil and Electrical Infrastructure, Road and Rail Infrastructure (including OHE systems), and Water Infrastructure, focusing on treatment, distribution, and household connections.

The company has a market cap of over Rs 800 crore and working capital requirements have reduced from 158 days to 99.2 days. The shares of the company have a PE of 19x, an ROE of 36 per cent and an ROCE of 38 per cent.  The stock is up by 84 per cent from its 52-week low of Rs 106.25 per share.  

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