Univastu India Limited (UNIVASTU)
🎯 Key Takeaways
- Univastu India Limited is transitioning from a small-scale contractor to a mid-sized infrastructure player with strategic focus on high-growth segments like metro projects, sports infrastructure, and data centers. The company is leveraging a strong order book and margin expansion ambitions to scale revenue and profitability, targeting ₹900 crores by FY28.
- Revenue declined 0.9% QoQ to ₹42 in Q3FY25.
- ⚠️ High growth expectations priced into the stock, with shares down 63% over the past year despite strong recent results.
📖 The Story
Univastu India Limited is transitioning from a small-scale contractor to a mid-sized infrastructure player with strategic focus on high-growth segments like metro projects, sports infrastructure, and data centers. The company is leveraging a strong order book and margin expansion ambitions to scale revenue and profitability, targeting ₹900 crores by FY28. Management emphasizes disciplined capital allocation and cash flow generation to support growth without overleveraging.
📰 What's Happening
In FY26, Univastu reported a 42% YoY revenue jump to ₹243.35 crores and a significant PAT rise, supported by a ₹1,854 crores order book and margin expansion to 17.10% EBITDA. Management highlighted new partnerships like Myrtha Pools for the 2030 Olympics and plans to capture ₹1,000 crores in new orders this financial year. The firm is targeting ₹600 crores revenue in FY27 and ₹900 crores in FY28, with EBITDA margins expanding to 17-18%. Cash and bank balances rose to ₹16.69 crores, aided by declining finance costs due to warrant inflows.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Q3FY23 | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q1FY25 | Q2FY25 | Q3FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28 | 28 | 27 | 25 | 30 | 28 | 42 | 42 |
| Operating Profit | 6 | 2 | 3 | 5 | 5 | 4 | 9 | 8 |
| OPM % | 19.6% | 8.2% | 11.1% | 16.6% | 17.1% | 15.1% | 20.1% | 18.4% |
| Net Profit | 3 | 1 | 1 | 2 | 2 | 2 | 4 | 5 |
| EPS | ₹2.66 | ₹0.50 | ₹0.68 | ₹1.69 | ₹1.37 | ₹1.30 | ₹2.71 | ₹2.67 |
Revenue growth has accelerated sharply, with Q4 FY26 showing a 174% YoY surge to ₹1,094.39 crores and net profit up 71% QoQ to ₹603.43 crores, indicating strong operational momentum. This growth is underpinned by a robust order book and expansion into high-margin segments like IoT-enabled BMS and sustainable construction. However, earlier quarterly data from FY25 shows more modest profitability, suggesting recent quarters reflect scaling benefits and project execution gains rather than base business improvement.
🔮 Management Outlook & What's Next
Management expressed confidence in sustained growth, targeting ₹600 crores revenue in FY27 and ₹900 crores in FY28 with EBITDA margins held in the 17-18% range. They anticipate ₹1,000 crores in new orders this financial year and expect positive cash flow in FY27. Strategic focus remains on metro infrastructure, sports complexes, and data centers, supported by partnerships and in-house capabilities to scale efficiently without compromising margins.
Extracted from official company announcements. Not StockFin.ai's opinion.
⚖️ Peer Comparison — Construction
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| Larsen & Toubro Limited | 5.38 L Cr | 33.1 | — | — | — |
| Rail Vikas Nigam Limited | 59,006 | 45.4 | — | — | — |
| NBCC (India) Limited | 25,331 | 49.1 | — | — | — |
| IRB Infrastructure Developers Limited | 24,518 | 3.8 | — | — | — |
| Kalpataru Projects International Limited | 21,476 | 39.0 | — | — | — |
| Cemindia Projects Limited | 15,453 | 44.3 | — | — | — |
| KEC International Limited | 14,602 | 31.4 | — | — | — |
| Techno Electric & Engineering Company Limited | 13,909 | 36.5 | — | — | — |
| Engineers India Limited | 13,868 | 33.4 | — | — | — |
| Ircon International Limited | 13,416 | 17.6 | — | — | — |
⚠️ Risk Factors
1. High growth expectations priced into the stock, with shares down 63% over the past year despite strong recent results. 2. Dependence on large infrastructure projects makes revenue visibility vulnerable to delays or regulatory changes. 3. Margin expansion targets may be challenged if input costs rise or project execution falters. 4. The company’s small market cap and low liquidity could amplify volatility around earnings announcements or management commentary.
📋 Recent Filings
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🔴 Financial Results 3 July 2026Univastu India reported FY26 revenue of ₹243.35 crores, up 42.16% YoY, with PAT at ₹25.69 crores and EPS of ₹6.48. EBITDA margin stood at 17.10% for t...
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Financial Results 27 June 2026Univastu India Limited announced that its trading window will close on 1 July 2026 and remain closed until 48 hours after the unaudited financial resu...
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Financial Results 26 June 2026Univastu India Limited announced the audio recording of its Q4FY26 earnings call held on June 26, 2026 at 4:00 PM IST, available on its website at htt...
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Announcement 23 June 2026Univastu India Limited announced an Extra Ordinary General Meeting on 18 July 2026 to seek shareholder approval for issuing up to 1,839,339 fully conv...
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Announcement 10 June 2026Univastu India announced a joint venture with Bootes Infrastructure to develop 25,091 sq m of land in Aligarh under a revenue-sharing PPP model, recei...
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🔴 Financial Results 30 May 2026Univastu India reported Q4 FY26 revenue of ₹1,094.39 crores, up 174.23% YoY, with net profit surging 71.21% QoQ to ₹603.43 crores. EBITDA reached ₹1,0...
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🟡 Board Meeting 27 May 2026Univastu India Limited announced the outcome of its Board meeting on 27 May 2026, approving audited standalone and consolidated financial results for ...
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🔴 Insider Trading 4 May 2026Pradeep Khandagale, Promoter and Managing Director of Univastu India Limited, disclosed that he and the promoter group hold 2,42,75,436 shares, repres...
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share transfer 25 April 2026Univastu India Limited received a SEBI Regulation 74(5) confirmation certificate from Bigshare Services for the quarter ended March 31, 2026, confirmi...
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Announcement 10 April 2026Univastu India Limited announced that its joint venture with Ansh Infratech Private Limited and Univastu Bootes Infra LLP secured a Rs. 109.24 crore c...
🧠 Analyst's Read
Univastu is executing a clear scaling strategy with strong order visibility and improving profitability, but the path to long-term value creation depends on sustaining growth without margin erosion or project delays. Investors should monitor execution against FY27-FY28 targets and any shifts in capital allocation strategy, particularly around debt management or equity financing.
Based on filing content and financial data. Not a recommendation.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-04.
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