JKUMAR INFR.LTD.

Executes civil construction contracts for urban transport infrastructure — metros, elevated corridors and flyovers, roads, and tunnels — for government clients, primarily in Maharashtra and other Indian states. Revenue in FY26 came in at ₹5,723 crores, with the order book composition skewed heavily toward elevated corridors and flyovers (51% of order book), followed by road/tunnel (18%), metro (11%), and others (20%). Materials are by far the largest input, making up 65.6% of revenue, with employees at 7.4%, other operating expenses at 12.6%, and depreciation at 3.4%; capex intensity runs at 8.2% of revenue. The company is debt-free with a net cash position of ₹264 crores, working capital days improved to 99 from 112, and operating cash flow jumped to ₹1,128 crores from ₹376 crores the prior year. The order book reached a lifetime high of approximately ₹25,000 crores after ₹6,300 crores of new orders (including L1 positions) were secured in Q1 FY27, with ₹4,556 crores awarded in FY27 year-to-date as of the latest disclosures. Key projects underway include the GMLR tunnel (TBMs on site, SAT expected around June 8) and Chennai metro (50% complete); the company also flagged a ₹100,000 crore infrastructure pipeline in Maharashtra alone over the next 12 months.