Globe Civil Projects Ltd(GLOBECIVIL)

NSE: GLOBECIVILBSE: 544424

₹ 37.18+0.98%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 222 crWebsite: www.globecivilprojects.comUpdated: 24 Oct 2026

About

Globe Civil Projects is a New Delhi-based EPC contractor that builds education, healthcare, institutional, housing, railway and urban infrastructure projects across 12 states. It reported FY26 revenue of Rs 405.71 Cr. As of March 31, 2026 its order book was approximately ₹7,300 million across 18 ongoing projects. A significant portion of its revenue comes from government departments, public sector undertakings and institutional clients.^[1][2]

Business segments

EPC made up 97.7% of revenue in FY25 (Rs 369.98 Cr, EBIT margin 20.5%). Trading made up 2.3% (Rs 8.59 Cr).^[3]
In Q1 FY26 the company said it had exited trading, and that contract EPC work now accounts for nearly all of its profit.^[4]

Project portfolio

Its portfolio covers education, healthcare, institutional buildings, housing, railways and urban infrastructure (FY26).^[1]
Sports infrastructure is a new strategic segment. After two small sports projects of about INR50 crores each, it is building the ₹222.20 crore Jhajjar International Cricket Stadium (Q1 FY27).^[5]
It won the IIT Kanpur Kotak School of Sustainability contract on the strength of earlier platinum-rated green building work at PGI Chandigarh (Q1 FY26).^[4]

Order book and execution

The order book was approximately ₹7,300 million across 18 ongoing projects as of March 31, 2026.^[1]
The current unexecuted order book was about INR700 crores in Q1 FY27, against ~₹850 crores in Q3 FY26 (Dec 2025) and ₹1,000+ crore in Aug 2025.^[5][6][7]
Monthly execution ran at ₹30-40 crores/month with 11-12 projects under way at once in Q1 FY27. Management expects ₹300-350 crores of FY27 revenue from the existing order book.^[5]
The book-to-bill ratio was about 2x in Q3 FY26. Management's stated target is 3x.^[6]
Working capital was 100-105 days in Q3 FY26, similar to FY25, against a target of 75 days.^[6]
Receivables rose at the end of FY26 because final and pre-final bills on the NIT and Telecom India projects were still unpaid. Inventory rose after bulk buying of tiles and metals in Feb-Mar 2026.^[5]
Standalone eligibility to bid on a single project was ₹500-650 crores in Q1 FY27.^[5]

Key ongoing projects (FY26)

International Cricket Stadium at Lohat, Jhajjar, Haryana: ₹2,221.97 million.^[1]
Redevelopment of the MEA housing complex at KG Marg, New Delhi: ₹1,988.89 million.^[1]
Infrastructure facilities at Central University of Punjab, Bathinda: ₹1,729.90 million.^[1]
Income Tax Office Building at Bengaluru: ₹1,430.00 million. Residential building at IIT Delhi: ₹988.48 million.^[1]
Delhi Public School redevelopments: Sector-30, Noida (₹708.90 million) and Sector-19, Faridabad (₹560.00 million). Kotak School of Sustainability, IIT Kanpur: ₹617.80 million.^[1]
Recently completed: academic, hostel and residential blocks at NIT Delhi Campus for TCIL (₹3,300 million) and external development work there (₹483 million).^[1]

Customers and geography

Clients include AIIMS, IITs, Indian Railways, the Ministry of External Affairs and other institutional clients (FY26).^[1]
Government clients made up about 70% of revenue in Q3 FY26. Management expects the roughly 70/30 government/private mix to hold for 4-5 years.^[6]
All FY26 order inflows came from repeat clients such as NBCC, TCIL and CPWD. The company has worked with CPWD for 20 years (Q1 FY27).^[6][5]
Delhi NCR made up 70-90% of the order book in FY26, against a historical 50-70% outside Delhi.^[6]
It is headquartered in New Delhi and operates in 12 states (FY26). In Q1 FY27 it was bidding in Tamil Nadu and Bihar, two states where it has not worked before.^[1][5]

Expansion and capex

Planned capex of ₹142.55 million on scaffolding and shuttering equipment, to replace rented equipment and speed up execution (FY27).^[5]
Management targets an order book of ₹1,200-1,500 crores by the end of FY27 by adding at least INR500 crores of wins. Four tenders worth about ₹800 crores had been bid as of Q1 FY27.^[5]
Management says revenue can reach ₹500-600 crores without adding fixed costs (Q1 FY27).^[5]

Recent developments

After listing in Jul 2025, it won about ₹450 crores of orders: Central University of Punjab (₹172.99 cr), Haryana Cricket Association stadium (₹220.2 cr) and IIT Kanpur (₹61.78 cr).^[4]
Recently awarded: NIT Delhi sports complex and HT ring main (₹131.14 million) and an indoor sports complex at GGSIPU, Dwarka (₹23.74 million).^[1]
It has bid directly rather than through joint ventures for about a year, as reported in Q2 FY26.^[7]
GRAP construction bans in Delhi NCR halted work in FY26. Management cut its FY26 growth guidance to ~15% from 20-25%.^[6]

Market Cap

₹222 Cr

High / Low

₹78 / 33

Stock P/E

9.6

Price / Book

1.0

Book Value

₹40

EPS

₹3.9

No. of Shares

5.97 Cr

ROCE

16.1%

ROE

13.5%

OPM

12.7%

Debt / Equity

0.63

Sales

₹406 Cr

Net Profit

₹23 Cr

Promoter holding

63.4%

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