Capacite Infraprojects Ltd(CAPACITE)

NSE: CAPACITEBSE: 540710

₹ 149-4.18%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,261 crNext results: 4 Nov 2026Website: www.capacite.inUpdated: 24 Oct 2026

About

Capacit'e Infraprojects Limited is a Mumbai-based civil construction company specialising in residential, institutional and public-sector building projects across India. For FY26 it reported revenue of ₹2,623 Cr, with a standalone order backlog of ₹13,498 Cr as of March 31, 2026, rising to ₹13,532 Cr by June 30, 2026. The order book is split approximately 57% public sector and 43% private sector.^[1][2][3]

Order book and inflows

Standalone order backlog stood at ₹13,532 Cr as of June 30, 2026, a book-to-bill ratio of 5.3x on trailing revenue.^[2]
FY26 full-year order inflow was ₹4,446 Cr, exceeding the ₹3,500 Cr full-year guidance.^[1]
Q1 FY27 order inflow (YTD) was ₹1,071 Cr; full-year FY27 inflow target is ₹4,500 - 5,000 Cr.^[2]
Order book sector mix as of FY26: 57% public sector, 43% private sector.^[1]

Key operating numbers

Q1 FY27 revenue was ₹629 Cr, up 7% YoY from ₹589 Cr in Q1 FY26; full-year FY26 revenue was ₹2,623 Cr, up 12% YoY.^[2][1]
EBITDA margin was 15.7% in Q1 FY27, down from 17.2% in Q1 FY26; FY26 full-year EBITDA margin was 16.3%, up 20 bps YoY.^[2][1]
Contract assets plus debtors as a percentage of revenue stood at approximately 78% in FY26, down from approximately 120% at the post-COVID peak.^[2]
Net cash from operating activities was ₹224 Cr in FY26, up from ₹52 Cr in FY25, driven by a 43-day reduction in working capital days.^[1]
Revenue mix: approximately 60 - 65% public sector, 35 - 40% private sector in FY26.^[1]

Major project execution

CIDCO: 2 of 7 locations handing over and generating revenue in Q1 FY27; remaining ~₹2,000 Cr (plus escalation, totalling ~₹2,500 Cr) due to hand over in Q2 - Q3 FY27; client has extended completion to March 2028.^[2]
IIT Bombay (₹550 Cr): delayed from Q4 FY26 to Q2 FY27 due to tree-cutting permissions; first building handed over and execution has begun.^[2]
MHADA JV (TCC): 25 of 34 rehab towers handed over as of Q2 FY26; piling started on sale-side towers.^[4]
Signature Global: Phase 1 billing at approximately ₹20 Cr/month as of Q3 FY26; Phase 2 handover expected March 2026, targeting combined run rate of ~₹30 Cr/month in FY27.^[5]

Customers and project mix

Named public-sector clients include NBCC, CIDCO, MHADA and IIT Bombay; named private client includes Signature Global.^[2][5]
EPC/item-rate mix: EPC proportion at 55 - 57% of order book as of Q2 FY26; recent large wins (NBCC ₹1,120 Cr, IIT Bombay, Uptown) each above ₹600 Cr, reflecting a deliberate shift toward larger ticket sizes.^[4]
Company is bidding for data centre construction orders as a new project type.^[1]

Capital expenditure and equipment

FY27 capex guidance revised up to ₹193 Cr (from prior ₹165 Cr): aluminium formwork ₹121 Cr, plant and machinery for super high-rise and composite buildings ₹56 Cr, IT/SAP ₹5.4 Cr.^[2]
Q1 FY27 capex incurred was ₹52.2 Cr.^[2]
SAP implementation under way; go-live targeted in Q3 FY27.^[2]

Debt and balance sheet

Gross debt was ₹522 Cr in Q1 FY27; net debt-to-equity ratio was 0.16x in Q1 FY27, up from 0.10x at March 31, 2026.^[2][1]
Credit rating upgraded from BBB/Stable to BBB+/Stable, enabling reduction in fund-based borrowing costs from approximately 12.5% to 9.65% over the prior two years.^[1]
Promoter pledge reduced from 85.5 lakh shares (March 31, 2026) to 50 lakh shares as of Q1 FY27; full release targeted by end of FY27.^[2]
Non-core asset monetisation: ₹44 Cr realised in FY26; ₹6.5 Cr realised in Q1 FY27 against a ₹50 Cr FY27 target.^[1][2]

Recent developments

October 6, 2026: Letter of Acceptance received from Chennai Metro Rail Limited for ₹368.98 Cr covering civil, architectural finishes, plumbing, E&M, VAC, lifts and associated works near Thirumangalam Metro Station.^[6]
Q1 FY27 execution was constrained by a workforce reduction of approximately 30% in June due to labour shortages, and by BMC water-supply suspension across Mumbai construction sites.^[2]
Management took a ₹10 Cr additional provision in Q1 FY27 (second consecutive quarter) for nonferrous metal (aluminium, copper) cost escalation not yet captured in WPI or government escalation indices.^[2]

Market Cap

₹1,261 Cr

High / Low

₹314 / 148

Stock P/E

6.8

Price / Book

0.7

Book Value

₹226

EPS

₹22.6

No. of Shares

8.46 Cr

ROCE

15.3%

ROE

10.6%

OPM

13.2%

Debt / Equity

0.25

Sales

₹2,623 Cr

Net Profit

₹193 Cr

Promoter holding

31.7%

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