| Market Cap | ₹514.09 CrSmall Cap |
|---|---|
| TTM Revenue | ₹799.33 CrOperating |
| P/E Ratio | 19.87Sector 33.08 |
| Order from | Central Public Works Department (CPWD) |
| Execution period | 2 years |
| Deal value | ₹198.31 Cr |
| Share of market cap | 38.6% |
| Share of annual revenue | 24.8% |
Key highlights
- Contract value stands at ₹198,30,99,984.08 including planning and design
- Project represents 38.6% of the company current market capitalization
- Execution timeline set for 24 months on an EPC Mode-I basis
- Facilities include both residential and non-residential infrastructure in Phase-I
- Client is the Central Public Works Department (CPWD), a premier government agency
Central Public Works Department Awards CISF Infrastructure Contract
Highway Infrastructure Limited has received a formal Letter of Acceptance from the Central Public Works Department for a significant infrastructure project in Madhya Pradesh. The contract, valued at 198.31 crore, focuses on the planning, designing, and construction of both residential and non-residential facilities for the CISF 12th Reserve Battalion. Located at Village Jamunia Talab in the Sehore district, this project will be executed under the EPC Mode-I framework.
This win marks a major addition to the company's infrastructure portfolio, moving beyond its traditional toll collection and highway operations to dedicated institutional construction for central security forces.
Order Value Relative to Market Capitalization and Revenue
The new award represents approximately 38.6 percent of Highway Infrastructure's current market capitalization of 514.09 crore, highlighting the scale of the project relative to the firm's equity base. Furthermore, the 198.31 crore value accounts for nearly 25 percent of the company's trailing twelve-month revenue of 799.33 crore. This contract follows a series of recent major wins, including a 340.08 crore NHAI order in October 2026 and a 220.66 crore UPEIDA project in September 2026.
These cumulative additions significantly strengthen an order book that stood at 778 crore as of June 30, 2026.
Key Project Specifications and Timelines
- The contract must be completed within a strict two-year execution window
- Scope includes comprehensive planning and design for a reserve battalion establishment
- The project is situated at Village Jamunia Talab, Dist. Sehore in Madhya Pradesh
- Execution will follow the Engineering, Procurement, and Construction (EPC) Mode-I
- The awarding entity, CPWD, is a domestic government body under the Central Government
- The company confirmed there is no promoter interest or related party involvement in the deal
Infrastructure Momentum and Capital Expansion Plans
Highway Infrastructure operates within the Roads and Highways sector, providing EPC services and toll collection operations. While the company saw a revenue growth of 170.9 percent year-on-year in the June 2026 quarter, its operating margin compressed to 1.25 percent. The firm is currently seeking to strengthen its capital base, with an Extra-Ordinary General Meeting scheduled for November 13, 2026.
Shareholders will vote on a proposed 49.82 crore preferential warrant issue and an increase in authorized capital. This capital infusion is intended to support the execution of its expanding multi-segment order pipeline across various Indian states.
| Date | Announcement | Amount |
|---|---|---|
| 26 Oct 2026 | Letter of Acceptance from NHAI for toll operations and user fee collection at Baiti Kala Fee Plaza in Uttar PradeshSource: constructionworld.in | ₹91.78 Cr |
| 23 Oct 2026 | Letter of Acceptance from NHAI for toll operations and user fee collection at Palayam Fee Plaza in Tamil NaduSource: multibagg.ai | ₹340.08 Cr |
| 08 Oct 2026 | Work order and contract agreement from NHAI for toll operations and user fee collection at Velanchettiyur Fee Plaza in Tamil NaduSource: BSE filing | ₹24.46 Cr |
| 30 Sep 2026 | Work order from UPEIDA for toll collection and allied operations on the Gorakhpur Link ExpresswaySource: BSE filing | ₹220.66 Cr |
| 17 Aug 2026 | Letter of Acceptance from NHAI for user fee collection at Palayam Fee Plaza in Tamil NaduSource: BSE filing | ₹80.17 Cr |
| 24 Jul 2026 | Letter of Acceptance from NHAI for user fee collection at Kozhinjipatti Fee Plaza in Tamil NaduSource: BSE filing | ₹28.69 Cr |
What to watch next
- Extra-Ordinary General Meeting (EGM) on November 13, 2026, for preferential warrant issue
- Mobilization at the Jamunia Talab site in Sehore, Madhya Pradesh, following the LOA
- Next quarterly financial results announcement to assess margin recovery in late 2026
- Updates on the operationalization of the 340.08 crore Palayam Fee Plaza project
| Share price | ₹71.68 |
|---|---|
| Market capitalisation | ₹514.09 Cr |
| Revenue (annual) | ₹608.00 Cr |
| Net profit (annual) | ₹32.06 Cr |
| Revenue (latest quarter) | ₹303.28 Cr+10.44% vs previous quarter |
| Net profit (latest quarter) | ₹1.06 Cr-87.98% vs previous quarter |
| P/E (TTM) | 19.87×Sector 33.08× |
| Promoter holding | 70.04%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Highway Infrastructure Ltd announcing receipt of Letter of Acceptance from the Central Public Works Department. Market figures from a third-party data provider.
