Likhitha Infrastructure Ltd(LIKHITHA)

NSE: LIKHITHABSE: 543240

₹ 203.1-4.38%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 801 crWebsite: www.likhitha.co.inUpdated: 24 Oct 2026

About

Likhitha Infrastructure lays cross-country oil and gas pipelines and builds City Gas Distribution (CGD) networks, and provides related operation and maintenance and tankage services. It has completed over 6,000 km of pipeline projects and works across 20 Indian states and 2 Union Territories, per its FY25 annual report. FY26 revenue was Rs 456.73 cr, and the outstanding order book was about Rs 1,454 cr as of 30 June 2026.^[1][2][3]

Business segments

The company reports a single segment, construction in India, with FY25 revenue of Rs 520.09 cr.^[1]
Its work spans City Gas Distribution, cross-country pipelines, operation and maintenance, and tankage (as of Q1 FY27).^[3]

Order book

The outstanding order book was about Rs 1,454 cr as of 30 June 2026, compared with about Rs 850+ cr as of 31 March 2026.^[3][4]
The order book was about Rs 925 cr as of 31 December 2025 and about Rs 1,000 cr as of 30 September 2025.^[5][6]
The order book stood at about Rs 1,200 crore as of 31 March 2025.^[1]

Execution track record

As of FY25, the company had completed over 6,000 km of pipeline projects and was carrying out another 1,000+ km.^[1]
It had made over 100000 Last Mile Connections across India (FY25).^[1]
It was the first infrastructure service provider to commission a section of KGPL Project Group 6, part of the world's longest LPG pipeline at about 2,800 km.^[1]
In 2019 it built South-East Asia's first trans-national cross-country petroleum pipeline: a 69 km, 10-inch line from Motihari (Bihar) to Amlekhganj (Nepal).^[1]

Customers and reach

Public sector customers include GAIL, HPCL, IOCL, ONGC and BPCL. Private sector customers include IOAGPL and AG&P (FY25).^[1]
The business covers 20 Indian states and 2 Union Territories (FY25).^[1]
Exports were nil as a share of turnover in FY25.^[1]
The company works with over 3000 vendors (FY25).^[1]

International presence

It has branch offices in Bara, Nepal and in Abu Dhabi, UAE (FY25).^[1]
Likhitha HAK Arabia Contracting Company in Saudi Arabia is a 60% subsidiary, and CPM Likhitha Consortium is an 80% joint venture (FY25).^[1]
The company states a mission to expand its services globally through the Abu Dhabi branch and the Saudi Arabia JV (Q1 FY27).^[3]

Recent developments

In 2026 it won a Rs 510 cr (USD 54 mn) international order from CPECC-Abu Dhabi.^[3]
Standalone revenue in Q1 FY27 fell 30.51% to Rs 85.06 cr, from Rs 122.41 cr in Q1 FY26.^[3]

Stated risks

The FY25 annual report says volatile steel and MDPE prices can squeeze margins on fixed-price contracts.^[1]
The FY25 annual report cites delays in land acquisition, statutory clearances and right-of-way, as well as more competitive bidding.^[1]
The FY25 annual report lists currency swings, regional instability and contract enforceability abroad as risks to overseas work.^[1]

Market Cap

₹801 Cr

High / Low

₹279 / 132

Stock P/E

27.4

Price / Book

2.2

Book Value

₹104

EPS

₹9.9

No. of Shares

3.94 Cr

ROCE

13.7%

ROE

10.0%

OPM

11.7%

Debt / Equity

0.00

Sales

₹457 Cr

Net Profit

₹39 Cr

Promoter holding

70.3%

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