B.L.Kashyap & Sons Ltd(BLKASHYAP)

NSE: BLKASHYAPBSE: 532719

₹ 51.71-2.01%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,166 crWebsite: www.blkashyap.comUpdated: 24 Oct 2026

About

B.L.Kashyap & Sons is a civil construction and EPC contractor that builds office parks, institutional and residential buildings, and is also targeting transport infrastructure and industrial buildings. Since it began, it has delivered over 140 million square feet of building works and completed over 250 projects. Revenue was 1379.14 (Rs Cr) in FY26, and the order book stood at ₹4,712 Cr at 30 June 2026.^[1][2][3]

Order book and inflows

Order book was ₹4,712 Cr at 30 June 2026 (Q1 FY27), against ₹5,293 Cr at 31 Dec 2025 (Q3 FY26).^[3][4]
New orders of ₹282 Cr were secured in Q1 FY27; new orders in FY26 up to the Q3 call totalled ₹3,258 Cr.^[3][4]
Order book was Rs 3,021 crore at 31 March 2025, up 19.7%, against Rs 2,524 crore at 31 March 2024.^[1][5]
In FY25, 5 new projects worth Rs 1,639 cr were secured; in FY24, new orders totalled Rs 1,673 crore.^[1][5]

Order book mix

By sector as of FY25: commercial 70%, residential 17%, infrastructure 8% and institutions 5%.^[1]
By sector at Q1 FY26: commercial 57.71%, residential 29.86%, infrastructure 8.32%, institutional 3.20% and hospital 0.91%.^[6]
By state in Q1 FY27: Haryana 46.89%, Tamil Nadu 21.36% and Karnataka 19.91%. Management describes Tamil Nadu as a key growth market.^[3]
Top ongoing projects split private/government 94.29%/5.71% in Q3 FY26, against 91.3%/8.67% in Q2 FY26 and 93:07 at the end of FY25.^[4][7][1]

Services and track record

The company has expertise in design-and-build and composite steel structures, and has in-house MEP design capability.^[1]
It has delivered over 1 lakh tons of steel structures across India (as of FY25).^[1]
Completed projects include the Flipkart Campus in Bengaluru, ISB Hyderabad and Select City Walk in Delhi.^[1]
It has delivered 2 data centres and says it is positioned to scale this portfolio (Q1 FY27).^[3]

Operations

Projects are run from the head office in Delhi (North and West India) and a regional office in Bangalore (South and East India).^[1]
The workforce of management staff and workers numbers over 1300 (FY25).^[1]
Debtor days were 150 including retention and 125 excluding it in Q2 FY26; creditor days were 91.^[7]

Customers

Government projects include the Sabarmati Terminal, Gomti Nagar and Bijwasan railway stations, the Chennai and Jaipur metros, and AIIMS Raipur and Patna.^[1]
The FY25 order book included a Rs 1,024 cr DLF order, expected to be completed in 21 months.^[1]

Plans and capex

Capex of ₹65 Cr is planned for FY27 on innovation, upskilling and fixed assets. For FY26, ₹55 Cr was planned, of which ₹48 Cr had been spent by Q3.^[3][4]
The company targets a 25% share of government projects by FY27, especially railways.^[4][3]
It plans to monetise non-core assets by FY27 and to advance composite steel construction to reduce its dependence on labour.^[3]

Recent developments

16 Oct 2026: won a ₹200.02 Cr (excl. GST) civil and structural works order from Nourish Developers for a commercial building in Gurugram, to be executed in about 25 months.^[8]
Q2 FY26: fund-based debt was cut from ~₹700 Cr to ~₹275 Cr, with no term loan, and the credit rating was upgraded to CRISIL B+/Stable.^[7]

Market Cap

₹1,166 Cr

High / Low

₹64 / 41

Stock P/E

1723.7

Price / Book

2.2

Book Value

₹23

EPS

₹0.1

No. of Shares

22.54 Cr

ROCE

12.7%

ROE

0.3%

OPM

7.8%

Debt / Equity

0.57

Sales

₹1,379 Cr

Net Profit

₹2 Cr

Promoter holding

61.7%

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