| Market Cap | ₹447.4 CrSmall Cap |
|---|---|
| P/E TTM | 26.63xSector: 51.5x |
| 1-Year Return | 48.99%Stock Performance |
| Order from | Bilaspur Division, South East Central Railway |
| Execution period | 9 months from the date of LOA |
| Deal value | ₹71.35 Cr |
| Share of market cap | 15.9% |
| Share of annual revenue | 18.8% |
Key highlights
- Declared L1 bidder for a contract valued at ₹71,35,42,754.20
- Project scope covers auto-signalling with OFC-based electronic interlocking
- Execution timeline set at 9 months from the date of Letter of Acceptance
- Contract value represents approximately 18.8% of FY26 annual revenue
- Order includes installation of MSDAC, IPS, and electrification of huts
Signalling Mandate from South East Central Railway
The Bilaspur Division of South East Central Railway has selected E To E Transportation Infrastructure for a comprehensive signalling upgrade in the Tenganmada-Pendra Road section. The technical mandate involves the provision of Auto Signalling with Electronic Interlocking using Optical Fiber Cable (OFC) technology. This project encompasses several critical railway stations including Khongsara, Bhanwartonk, Khodri, and Sarbahara.
Beyond the primary signalling components, the contract also requires the supply and installation of Multi-Section Digital Axle Counters (MSDAC), Integrated Power Supply (IPS) systems, and the construction and electrification of necessary railway huts.
Contractual Terms and Execution Timeline
- The project is classified as a domestic works contract under Indian Railways.
- A strict execution period of 9 months from the date of Letter of Acceptance is mandated.
- Total consideration is fixed at ₹71,35,42,754.20 inclusive of all specified works.
- The scope includes alteration of existing panel interlocking alongside new installations.
- The awarding entity, SECR, is a government body with no promoter interest in the company.
Strategic Significance and Revenue Contribution
This ₹71.35 crore win significantly exceeds the scale of the company's recent contracts, such as the ₹35.24 crore Raipur division order secured in June 2026 and the ₹48.78 crore Eastern Railway project from August 2026. The new contract represents 18.8% of the company's annual operating revenue of ₹379.99 crore. This momentum aligns with management's stated target of achieving ₹1,000 crore in fresh order inflows for the 2027 fiscal year.
The company's focus on heavy electrical equipment and railway infrastructure remains central to its order book growth, which now sees a substantial boost from the SECR Bilaspur Division.
| Date | Announcement | Amount |
|---|---|---|
| 18 Sep 2026 | Letter of Acceptance from Adani Power Limited for OHE, signalling, telecommunications, and related railway infrastructure works at Raigarh, ChhattisgarhSource: NSE filing | ₹14.34 Cr |
| 01 Aug 2026 | Letter of Acceptance from Eastern Railway (Malda Division) for electronic interlocking and S&T works at four crossing stationsSource: insights.dsij.in | ₹48.78 Cr |
| 15 Jul 2026 | Letter of Acceptance from Southern Railway for indoor and outdoor signalling and telecommunication arrangements at Thiruvananthapuram Central and South stationsSource: NSE filing | ₹31.33 Cr |
| 08 Jul 2026 | Letter of Acceptance from Southern Railway for signalling and telecommunication works at Neyyattinkara stationSource: etoerail.com | ₹22.88 Cr |
| 09 Jun 2026 | Letter of Acceptance from South East Central Railway for signalling and telecommunication works in Raipur divisionSource: scanx.trade | ₹35.24 Cr |
What to watch next
- Submission of Kavach 4.0 prototype to RDSO scheduled for 11 November 2026
- RDSO prototype approval decision for Kavach 4.0 expected in December 2026
- Formal receipt of the Letter of Acceptance (LOA) for the ₹71.35 crore SECR project
| Share price | ₹259.25 |
|---|---|
| Market capitalisation | ₹447.40 Cr |
| Revenue (annual) | ₹379.99 Cr |
| Net profit (annual) | ₹16.80 Cr |
| P/E (TTM) | 26.63×Sector 51.5× |
| Promoter holding | 32.54% |
| FII holding | 0.8%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by E To E Transportation Infrastructure Limited regarding being declared the lowest bidder for a South East Central Railway project. Market figures from a third-party data provider.
