Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oval Projects Engineering, a Tripura-based EPC and O&M company in the oil and gas sector, reported strong H1FY26 results after listing on BSE SME on September 4, 2025. Revenue from operations nearly doubled to ₹61.54 crore (up 95.7% YoY) and profit after tax rose 74.8% to ₹6.77 crore, supported by IPO-driven working capital efficiency. The company has an order book of ₹716 crore across 41 active projects, with ₹83.07 crore of new orders secured in September 2025, including road and drainage works in Tripura and a CGS project in Nagaland. About 90% of revenue comes from public sector clients like ONGC and GAIL, and the company is expanding into World Bank and ADB-funded urban infrastructure projects across Northeast India.
Strong revenue and earnings growth, a healthy ₹716 crore order book, and recent post-IPO order wins suggest positive near-term momentum. However, slight margin compression in net profit margin (10.9% vs 12.2%) and concentration in Northeast geography warrant careful monitoring by investors.