Krystal Integrated Services wins three contracts worth Rs 275 crore from Vasai Virar City Municipal Corporation

Krystal Integrated Services Limited (KRYSTAL) has achieved a significant milestone by securing three major work orders for Municipal Solid Waste Management from the Vasai Virar City Municipal Corporation. Collectively valued at approximately Rs 275 crore, these contracts involve door-to-door collection, segregation and transportation of waste, alongside street cleaning services for a period of five years. The project is divided into three distinct zones: Prabhag C (Rs 83 crore), Prabhag F (Rs 111 crore) and Prabhag G (Rs 81 crore), all aimed at ensuring strict compliance with the Solid Waste Management Rules of 2016.

These latest wins significantly bolster the company’s burgeoning Order Book, following other massive contracts secured in recent months. In September 2025, the firm bagged a Rs. 168 crore facility management contract from the Director of Medical Education in Vijayawada for hospital sanitation services across multiple districts in Andhra Pradesh. Furthermore, Krystal is currently executing a five-year, Rs. 370 crore contract for the Commissionerate of Social Welfare in Pune, providing mechanised housekeeping and manpower services for various welfare institutions, including hostels and old age homes across Maharashtra.

Beyond waste and facility management, Krystal is aggressively diversifying its operational footprint through strategic expansion. The company recently incorporated two new subsidiaries, Krystal Ports and Harbour Pvt Ltd and Krystal Water Resources Pvt Ltd, to explore opportunities in maritime infrastructure and water treatment projects. These moves complement other specialised wins, such as the Rs 63.93 crore aggregate contracts for manpower and facility management at the Patna Airport’s new terminal, the Maha Mumbai Metro and various Maharashtra Tourism Development Corporation (MTDC) sites.

Financially, the company continues to demonstrate robust growth and stability. For the fiscal year ending March 31, 2025, Krystal reported a 28 per cent year-on-year increase in net profit, reaching Rs 63 crore on a turnover of Rs 1,213 crore. This momentum has carried into the current fiscal, with Q1 FY26 reporting a 25.6 per cent rise in revenue. With a strong promoter holding of 69.96 per cent and increasing interest from institutional investors, Krystal is well-positioned to maintain its leadership in India's integrated facility management and public services sector.

About the Company

Established in 2000 and headquartered in Mumbai, Maharashtra, Krystal Integrated Services Limited (KISL) is one of India’s fastest-growing providers of integrated facility management services. The company serves a diverse client base across sectors, including healthcare, education, government administration, transportation infrastructure and retail. In addition to facility services, KISL offers staffing and payroll solutions, security services and catering. Between FY21 and FY25, KISL’s customer base grew from 262 to 461, with operations expanding from 1,962 to 3,209 locations nationwide. 

The company has a market cap of over Rs 850 crore and has delivered good profit growth of 19.3 per cent CAGR over the last 5 years. The shares of the company have a PE of 15x, an ROE of 15 per cent and an ROCE of 17 per cent. The stock is up over 60 per cent from its 52-week low of Rs 405.50 per share.

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