ALFA Finder
| Market Cap | ₹108.7 CrSmall Cap |
|---|---|
| Revenue Annual | ₹179.93 CrFY26 Actual |
| P/E Ratio | 10.85Sector: 32.75 |
| Order from | Vedanta Oil & Gas Limited |
| Execution period | 3 years |
| Deal value | ₹276.38 Cr |
| Share of market cap | 254.3% |
| Share of annual revenue | 153.6% |
Key highlights
- Order value is fixed at ₹276,37,61,811 for comprehensive O&M services
- Contract awarded by Vedanta Oil & Gas Limited for the Cairn Asset in Ravva
- Execution timeline set for 3 years with an option for a 2-year extension
- Extension period includes a maximum price escalation of 5% per annum
- Project strengthens company presence in high-value Oil & Gas service contracts
What Is the Order?
The contract awarded by Vedanta Oil & Gas Limited encompasses the provision of integrated services for Operations & Maintenance (O&M) at the Cairn Asset located in Ravva, Andhra Pradesh. Valued at ₹276.38 crore, the agreement stipulates a primary execution period of three years. A provision exists for a two-year extension beyond this term, during which contract prices will be mutually agreed upon, subject to a maximum escalation of 5% per annum applied on a year-on-year basis.
This domestic project represents a major milestone, aligning with the company's strategic focus on high-value service contracts within the specialized energy sector.
Client Profile
Vedanta Oil & Gas, operating through its Cairn Oil & Gas division, is one of India's largest private sector crude oil and gas producers. The Ravva block, situated in the Krishna-Godavari Basin offshore Andhra Pradesh, is a mature and significant asset in the national energy landscape. By partnering with a major industry leader like Vedanta, Lakshya Powertech validates its operational expertise in managing critical offshore infrastructure.
This relationship provides the company with exposure to large-scale asset management, potentially enhancing its reputation for reliability and safety in technically demanding extraction segments.
Business Impact
This contract significantly enhances Lakshya Powertech’s revenue visibility, as the total order value of ₹276.38 crore exceeds its reported annual operating revenue of ₹179.93 crore for the fiscal year ended March 2026. The three-year execution timeline ensures a steady cash flow stream and improves business stability through long-term service engagement. Furthermore, the 5% escalation clause for the provisional fourth and fifth years provides a structured mechanism to manage cost inflation.
Successfully executing this project could position the company for similar large-scale opportunities across the Krishna-Godavari basin and other domestic oil fields.
Business Overview
- Operates in the Construction & Engineering sector, focusing on the power and oil industries
- Provides Engineering, Procurement, and Construction (EPC) alongside O&M services
- Maintains a high promoter holding of 69.27% as per recent ownership filings
- Stock exhibits a current P/E of 10.85x compared to the industry average of 31.01x
- Serves a diverse client base including private industrial giants and public undertakings
| Share price | ₹107.8 |
|---|---|
| Market capitalisation | ₹108.70 Cr |
| Revenue (annual) | ₹179.93 Cr |
| Net profit (annual) | ₹10.02 Cr |
| P/E (TTM) | 10.85×Sector 32.75× |
| Promoter holding | 69.27% |
| FII holding | 0.45%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Lakshya Powertech Limited announcing the receipt of a significant work order from Vedanta Oil & Gas Limited. Market figures from a third-party data provider.
