| Bid Value | ₹453.16 CrProject Total |
|---|---|
| Market Cap | ₹473.16 CrSmall Cap |
| Revenue TTM | ₹1033.65 CrFY26 TTM |
| PE Ratio | 6.21Sector PE 34.6 |
| Order from | Central Coalfields Limited (CCL) |
| Execution period | 5 years |
| Deal value | ₹453.16 Cr |
| Share of market cap | 95.8% |
| Share of annual revenue | 43.8% |
Key highlights
- Subsidiary Tykoon Mines GK Limited emerged as the L1 bidder for the SDOC Mine project
- Total bid value for the execution of work is approximately ₹453.16 crore
- The project is located in the Dhori Area of Bokaro District, Jharkhand
- Proposed execution tenure for the mining work is five years
- The company expects a margin profile consistent with its existing infrastructure projects
What Is the Order?
Tykoon Mines GK Limited, a subsidiary of Ganesh Infraworld Limited formerly known as Kandoi Transport Limited, has been identified as the lowest bidder for a contract with Central Coalfields Limited. The scope involves the execution of work at the SDOC Mine situated in the Dhori Area of Bokaro, Jharkhand. While the L1 status does not yet constitute a formal work order, the project carries a substantial bid value of ₹453.16 crore.
Upon the completion of the procurement process and receipt of the Letter of Acceptance, the company expects to execute the project over a five-year timeline, enhancing its long-term revenue visibility.
Client Profile
The contract was tendered by Central Coalfields Limited, a key subsidiary of Coal India Limited and a Category-I Mini Ratna company. Operating primarily in the Jharkhand region, Central Coalfields is a major producer of coal for India's power and steel sectors. Securing L1 status with such a prominent public sector undertaking reinforces the company's capability to handle large-scale mining operations and contributes to the strategic energy requirements of the national economy.
The successful conversion of this bid would mark a significant milestone in the subsidiary's operational history within the mining sector.
Business Impact
- The project value of ₹453.16 crore represents nearly 95% of the company's current market capitalization
- Provides long-term revenue visibility with a proposed execution tenure of approximately five years
- Strengthens the company's footprint in the specialized mining services sector in Jharkhand
- Maintains profitability standards with margins expected to align with existing infrastructure projects
- Successful execution will likely improve the subsidiary's credentials for future high-value tenders
Financial Context
Ganesh Infraworld is currently operating with a trailing twelve-month revenue of ₹1033.65 crore, having achieved a significant annual revenue growth of 54.76%. The company's net profit surged by 90.19% over the last fiscal year, reaching ₹76.17 crore. Despite these growth metrics, the stock trades at a price-to-earnings ratio of 6.21, which is notably lower than the construction and engineering industry average of 31.69.
With a promoter holding of 57.73% and a high return on equity of 29.87%, the company appears focused on scaling its infrastructure and mining portfolio through aggressive bidding in the PSU segment.
| Share price | ₹108.1 |
|---|---|
| Market capitalisation | ₹473.16 Cr |
| Revenue (annual) | ₹835.55 Cr |
| Net profit (annual) | ₹76.17 Cr |
| Revenue (latest quarter) | ₹378.77 Cr+64.98% vs previous quarter |
| Net profit (latest quarter) | ₹29.71 Cr+21.49% vs previous quarter |
| P/E (TTM) | 6.21×Sector 34.61× |
| Promoter holding | 57.73%0.00% QoQ |
| FII holding | 0.52%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Ganesh Infraworld Limited announcing the emergence of its subsidiary as the L1 bidder for a ₹453.16 crore mining project. Market figures from a third-party data provider.
