B. L. Kashyap and Sons Secures ₹200.02 Crore Civil Work Order in Gurugram

Key numbers

Market Cap	₹1,319.05 CrSmall Cap
Promoter Holding	61.73%94.4% Pledged
1-Year Return	-4.75%Price Performance
Order from	Nourish Developers Private Limited
Execution period	25 months approx.
Deal value	₹200.02 Cr
Share of market cap	15.2%
Share of annual revenue	14.4%

Key highlights

• Order value is ₹200.02 crore excluding GST, representing 15.2% of the company market capitalization
• Project involves civil and structural works for Phase 3 of the One DXP commercial building
• Execution timeline for the contract is approximately 25 months from the date of award
• The contract was formally accepted through a Letter of Award received on October 16, 2026
• Total order book stood at ₹4,712 crore as of June 30, 2026, following multiple residential and commercial wins

New Contract Details for One DXP in Gurugram

B. L. Kashyap and Sons Limited received a Letter of Award on October 16, 2026, for the development of Phase 3 at the One DXP commercial project.

Located in Sector 113, Gurugram, the contract specifically covers civil and structural works. The project value of ₹200.02 crore is a significant addition to the company's project pipeline, representing 14.4% of its trailing twelve-month revenue of ₹1,387.84 crore. The contract is domestic in nature and involves no interest from promoter or promoter group companies, ensuring the transaction is conducted at arm's length.

The execution phase is expected to span roughly 25 months.

Recent Order Wins and Project Momentum

• Secured a ₹183.18 crore residential order in Bengaluru from Realkraft Ventures LLP on August 20, 2026
• Awarded a ₹91.57 crore contract for the Verde Phase II project in Bengaluru on July 29, 2026
• Bagged a ₹180.00 crore commercial building contract for Century Red Oak in Bengaluru in May 2026
• Received a ₹300.00 crore group housing contract in Greater Noida from CRC Greens in February 2026
• Order book reached ₹4,712 crore as of June 30, 2026, as disclosed in the latest quarterly update

Sector Context and Financial Performance

The company operates in the Construction and Engineering sector, reporting a net profit of ₹10 crore for the quarter ended June 2026, which marked a 179.91% increase over the preceding quarter. While the current P/E ratio of 1882.56 sits significantly higher than the industry average of 29.37, the company maintains a Piotroski Score of 6, indicating moderate financial strength. Notable upcoming financial obligations include a ₹52.5 crore settlement under the Right of Recompense to CDR lenders, which must be cleared before the milestone deadline of March 31, 2027.

The stock has demonstrated strong momentum recently, with a month-to-date gain of 13.61%.

What to watch next

• Declaration of Q2 FY27 unaudited financial results following the trading window reopening
• Settlement of ₹52.5 crore under Right of Recompense payable to CDR lenders by March 31, 2027
• Execution progress updates for the One DXP Phase 3 project in Gurugram

B. L. Kashyap and Sons · financial snapshot

Share price	₹58.51
Market capitalisation	₹1,319.05 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)	1882.56×Sector 31.34×
Promoter holding	61.73%+0.01% QoQ
FII holding	0.26%Current quarter

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