Univastu India Ltd(UNIVASTU)

NSE: UNIVASTU

₹ 127-0.66%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 457 crWebsite: www.univastu.comUpdated: 27 Oct 2026

About

Univastu India Ltd is a Maharashtra-based EPC contractor working on metro electrical and mechanical systems, building management systems (BMS), sports infrastructure including Olympic-grade Myrtha swimming pools, and net-zero projects. It reported FY26 revenue of 243.35 crore. As of March 2026 its unexecuted order book stood at ₹1,854.14 cr, which management describes as a 2x book-to-bill.^[1]

Order book and order inflow

Unexecuted order book was ₹1,854.14 cr as of March 2026 (Q4 FY26), against ₹1,053 crore in Q3 FY26, with ₹916.52 cr of work completed; management calls this a 2x book-to-bill.^[2]
Order inflow was ₹1,317 cr in Q4 FY26, compared with ₹417.21 crore in Q3 FY26.^[2]
Standalone order book was ₹630+ cr in Q2 FY26, with a further ₹150 cr at subsidiary Bootes Infra.^[3]
In Q3 FY26, 70% of the order book was tech-based EPC (MEP, BMS, electrical, mechanical systems) and 30% was traditional civil EPC.^[4]
In Q3 FY26 management put the order book execution timeline at 36 months.^[4]

Business lines and services

The company is sole pan-India distributor for Myrtha Pools A&T, Italy, which builds Olympic-grade swimming pools (stated in Q2 and Q3 FY26).^[3]
It offers a wireless, Zigbee-based BMS that it says is the world's first, installed on Navi Mumbai Metro Line-1 (Q2 FY26).^[3]
Subsidiary Univastu Bootes Infra LLP handles net-zero projects in North India; management cited 16-17% operating margins in Q4 FY26.^[2]
Net-zero work contributed more than 30% of revenue in Q3 FY26.^[4]
The company acquired Opal Luxury, which sells luxury wall clocks under the OPAL and CALIBER brands through a pan-India dealer network (Q2 FY26).^[3]

Clients and geography

Maharashtra accounted for 80.7% of revenue as of Q2 FY26; the company also has ongoing projects in Haryana and Uttar Pradesh.^[3]
Meghalaya and Gujarat entered the order book in Q3 FY26: a Shillong pool (₹17.11 cr), L&T high-speed rail civil works (₹14.83 cr) and a Gandhinagar pool (₹10.62 cr).^[4]
Clients named in the sources include MMRDA (Metro Line 6) and Larsen & Toubro (Mumbai Metro Line 4 / 4A).^[2]
The FY25 annual report says the company prefers projects backed by central and multilateral funding agencies, to get paid on time.^[5]

Major contracts

MMRDA Metro Line 6 order worth ₹756 cr, received in Q4 FY26.^[2]
L&T civil construction order for Mumbai Metro Line 4 and Extension Corridor worth ₹391.76 crore (Q3 FY26).^[4]
Divisional Sports Complex, Jalgaon (Rs 244.31 crore incl. GST) and Chhatrapati Shivaji Maharaj Sports Complex, Karad (Rs 88.03 crore incl. GST), both won in May 2025.^[5]
Samvidhan Bhavan order worth 140 cr was part of the order book in Q2 FY26.^[3]
Myrtha swimming pool order for Ahmedabad / Commonwealth Games worth above ₹100 crore (Q3 FY26).^[4]

Receivables and working capital

Management said about 87% of current trade receivables at the end of FY26 were collected within 45 days of year-end.^[2]
Management said all contracts carry escalation clauses against raw material inflation (Q4 FY26).^[2]

Expansion and new ventures

The board approved a 49%-stake joint venture with Valecha for tunnel ventilation systems; management expects the first order within 6 months of the Q4 FY26 call.^[4]
The company signed a 2-year MOU with URBS Systems AB of Sweden to develop net-zero data centres in Maharashtra; the JV stake will be set after financial closure (Q3 FY26).^[4]
Univastu Nuos IoT Systems Pvt Ltd (51% Univastu, 49% Falcon) was formed to commercialise wireless BMS (Q3 FY26).^[4]
The company is acquiring 95% of Setubandhan Infrastructure, which holds 34% of Biomining India, holder of a ~600 cr BMC order; total cost ~27.5 cr, subject to NCLT approval (Q2 FY26).^[3]
The company holds a 49% stake in an Aligarh land monetisation JV; management expects ~₹250 cr total revenue over 78-96 months (Q4 FY26).^[2]
The FY26 annual report seeks shareholder approval to raise the borrowing limit to Rs. 750 crores and the investment/loan limit to 1000 Crores.^[6]

Recent developments

12 Oct 2026: received a domestic order worth Rs. 15,38,74,791.88 from Colossus Infra Project Pvt Ltd to design, supply, install and commission telephone systems for MMRDA Metro Line 5 and Line 6 stations, with a 2-year defect liability maintenance period.^[7]
7 Oct 2026: incorporated wholly owned UK subsidiary Univastu Networks Limited for 39,00,000 GBP, to buy the assets of Cambium Networks Ltd (in administration).^[8]
30 Sep 2026: the board approved buying assets of Cambium Networks, Ltd through a UK subsidiary for USD 5.1 million and paid a USD 300,000 deposit.^[9]
30 Sep 2026: incorporated wholly owned subsidiary Univastu UK Limited, investing 10 GBP; the filing describes this as a move into telecom and wireless networking.^[10]
17 Sep 2026: received a Rs. 23,74,01,563 order from L&T for CCTV systems on Mumbai Metro Line 4 & 4A.^[11]
In FY26, share capital rose from ₹11.99 cr to ₹35.99 cr after a bonus issue and a preferential allotment.^[2]

Market Cap

₹457 Cr

High / Low

₹179 / 56

Stock P/E

15.1

Price / Book

4.5

Book Value

₹29

EPS

₹7.1

No. of Shares

3.6 Cr

ROCE

28.9%

ROE

28.0%

OPM

16.3%

Debt / Equity

0.32

Sales

₹243 Cr

Net Profit

₹26 Cr

Promoter holding

67.5%

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