| Market Cap | ₹1,857.5 CrSmall Cap |
|---|---|
| Revenue TTM | ₹2,622.7 CrOperating |
| RSI | 42.87Neutral Zone |
| Order from | Ten X Realty East Limited (A subsidiary of Raymond Realty Limited) |
| Deal value | ₹589 Cr |
| Share of market cap | 31.7% |
| Share of annual revenue | 22.5% |
Key highlights
- Letter of Intent (LOI) received for a total contract value of approximately ₹589 Crore excluding GST
- Scope of work includes Civil Core & Shell Works for 'The Address by GS- Wadala' project
- The project is located at Salt Pan Division, Shastri Nagar, Wadala, Sion (E), Mumbai
- Contract awarded by Ten X Realty East Limited, a subsidiary of Raymond Realty Limited
- Mandate serves as a repeat order, reinforcing a long-standing client partnership
What Is the Order?
Capacite Infraprojects Limited has secured a Letter of Intent for civil core and shell works at a major residential site in Mumbai. The project, titled The Address by GS- Wadala, is situated at the Salt Pan Division in Shastri Nagar. Valued at approximately ₹589 crore excluding GST, the contract award follows the company's existing relationship with the developer.
The scope of work focuses on the structural backbone of the high-rise development, including the core and shell components. This mandate aligns with the company's core competency in managing large-scale, complex residential construction projects within the dense urban landscape of the Mumbai Metropolitan Region.
Client Profile
- Ten X Realty East Limited is a wholly-owned subsidiary of Raymond Realty Limited, the real estate arm of the diversified Raymond Group
- Raymond Realty has rapidly expanded its footprint in the Mumbai real estate market, focusing on premium residential developments
- The client represents a high-profile developer known for large-scale urban regeneration and luxury housing projects
- This award is a repeat order, indicating the client's continued reliance on Capacite's technical and operational execution
- Raymond Realty's project pipeline in Wadala and Thane positions them as a key player in the city's transforming skyline
Business Impact
This ₹589 crore contract significantly bolsters Capacite’s order book, providing revenue visibility for the upcoming fiscal years. As a repeat order from a subsidiary of Raymond Realty, it validates the company’s ability to deliver quality at scale while maintaining long-term client relationships. The project strengthens Capacite's presence in the Mumbai high-rise construction segment, where it already services several marquee developers.
By securing work in the Wadala micro-market, the company leverages its existing logistical and labor infrastructure in the region, potentially improving operational efficiency and margins during the execution phase.
Financial Context
- Capacite Infraprojects reported trailing twelve-month operating revenue of ₹2,622.72 crore as of March 2026
- The company maintains a focused operational model in the building construction segment, providing services for residential and commercial spaces
- Annual net profit for the latest fiscal year stood at ₹191.53 crore, reflecting steady performance in a competitive contracting environment
- The current price-to-earnings ratio of 9.7 sits well below the broader industry average of 32.04
- Institutional investors hold a 22.78% stake in the company, with Foreign Institutional Investor holding increasing by 1.64% over the last four quarters
Management Perspective
We are delighted to announce that Raymond Realty Limited, through its subsidiary Ten X Realty East Limited, has once again entrusted Capacit'e with a repeat order. This repeat mandate is a strong endorsement of our long-standing partnership and a clear reflection of the trust our clients place in our execution capabilities.
| Share price | ₹219.55 |
|---|---|
| Market capitalisation | ₹1,857.48 Cr |
| Revenue (annual) | ₹2,622.72 Cr |
| Net profit (annual) | ₹191.53 Cr |
| Revenue (latest quarter) | ₹711.78 Cr+5.38% vs previous quarter |
| Net profit (latest quarter) | ₹46.73 Cr-6.59% vs previous quarter |
| P/E (TTM) | 9.7×Sector 35.11× |
| Promoter holding | 31.69%0.00% QoQ |
| FII holding | 14.96%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Capacite Infraprojects Ltd announcing the receipt of a Letter of Intent for a ₹589 crore project from Raymond Realty's subsidiary. Market figures from a third-party data provider.
