B.L. Kashyap Secures ₹495.86 Crore Order From Signature Global for Civil Works

Key numbers

Market Cap	₹1,163.5 CrConstruction & Eng
P/E TTM	1660.55Sector: 31.15
Promoter Pledge	94.44%Of 61.73% Holding
Order from	Signature Global (India) Limited
Execution period	40 months approx. from hand over of sites
Deal value	₹495.86 Cr
Share of market cap	42.6%
Share of annual revenue	35.7%

Key highlights

• Total contract value is ₹495.86 crore excluding GST, awarded by Signature Global (India) Limited
• Scope covers civil structure and part MEP works for 4 towers, basements, and ancillary buildings
• Project execution is estimated at 40 months from the date of site handover
• Order value represents approximately 42.6% of the company's total market capitalization
• This win follows a series of recent orders, including a ₹200 crore project in October 2026

Signature Global Awards Major Infrastructure Contract

B. L. Kashyap and Sons Limited received a Letter of Acceptance from Signature Global (India) Limited on October 23, 2026, for a project valued at ₹495.86 crore.

The contract scope includes civil structure and part Mechanical, Electrical, and Plumbing works for four towers and their basements. The project encompasses both residential and commercial ancillary buildings, marking a significant domestic win for the firm. Execution is slated for approximately 40 months following the handover of the sites, providing a long-term revenue visibility that aligns with the company's recent momentum in the real estate infrastructure space.

Order Details and Execution Timeline

• Contract Value: ₹495.86 Crores excluding GST
• Project Scope: Civil structure and MEP works for four towers and basements
• Execution Period: Approximately 40 months from site handover
• Client: Signature Global (India) Limited, a domestic entity
• Commercial Category: Residential and commercial ancillary building construction
• Related Party Status: No promoter group interest or related party involvement

Strategic Growth and Market Context

The new order represents 35.7% of the company's trailing twelve-month revenue of ₹1,387.84 crore. This win follows a string of significant contract acquisitions in 2026, including a ₹200.02 crore order from Nourish Developers on October 16 and a ₹183.18 crore project from Realkraft Ventures in August. These developments come at a time when management has guided for an increase in government project participation to 25% of the order book by FY2026-27.

Financially, the company reported a net profit of ₹10 crore in the most recent quarter, showing a strong sequential recovery of 179.91% despite high P/E valuations and significant promoter pledges.

What to watch next

• Site handover date for the Signature Global project to commence the 40-month timeline
• Right of Recompense settlement of ₹52.5 crore due to CDR lenders by March 31, 2027
• Achievement of the 25% government project participation target in the order book by FY27
• Next quarterly financial results following the June 2026 reporting cycle

B. L. Kashyap and Sons · financial snapshot

Share price	₹51.61
Market capitalisation	₹1,163.50 Cr
Revenue (annual)	₹1,379.14 Cr
Net profit (annual)	₹1.55 Cr
Revenue (latest quarter)	₹345.12 Cr-5.11% vs previous quarter
Net profit (latest quarter)	₹10.00 Cr+179.91% vs previous quarter
P/E (TTM)	1660.55×Sector 31.15×
Promoter holding	61.73%0.00% QoQ
FII holding	0.09%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.