Penny stock jumps after receiving an order of Rs 391.76 crore from L&T; 1.47 times its current market cap!

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Penny stock jumps after receiving an order of Rs 391.76 crore from L&T; 1.47 times its current market cap!

The stock is up by up by 21.3 per cent from its 52-week low of Rs 61 per share.

Univastu India Limited has secured a domestic contract worth Rs 391.76 Crores (including GST) from Larsen & Toubro Limited for the Mumbai Metro Line 4 and Extension Corridor (4a). The project involves the comprehensive design, manufacture, supply, installation, and commissioning of electrical and mechanical (E&M) works across 32 stations and one depot. The execution timeline is set for 100 weeks for the design and build phase, which commenced on November 27, 2025.

Beyond the initial Construction, the contract includes a two-year Defect Liability Maintenance Period (DLMP) followed by five years of Comprehensive Maintenance (CMP). This scope encompasses training, supply of spares and specialised diagnostic equipment, ensuring long-term operational support for the MMRDA project. This agreement provides Univastu with multi-year revenue visibility and reinforces its role as a key partner in major urban infrastructure developments.

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About the Company

Established in 2009, Univastu India Ltd is active in the construction industry. Holding multiple certifications like ISO 9001, 18001 and 14001, along with top-tier PWD and CIDCO classifications, the company provides integrated engineering, procurement and construction services for civil, structural and infrastructure projects secured from government and private agencies. They are also involved in trading construction materials such as steel, cement and electrical supplies.

Univastu India Ltd's primary focus areas include diverse civil construction projects like metro stations, sports complexes, hospitals and educational institutions, alongside water supply, drainage, road and bridge projects. Their past projects include an indoor sports complex in Goa and a hospital in Bhosari. Clients include CIDCO and the Sports Authority of Goa and the company regularly bids on government tenders.

The company has a market cap of Rs 266.40 crore and has delivered good profit growth of 19.4 per cent CAGR over the last 5 years with the debtor days having improved from 43.7 to 15.4 days. The stock is up by up by 21.3 per cent from its 52-week low of Rs 61 per share.

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