KCL Infra Projects Limited

Civil construction company listed on BSE. FY26 revenue stood at Rs 58.80 crore, all reported within a single business segment. The cost shape is heavily skewed to materials at 108.9% of FY26 revenue, while direct employee costs are just 0.9% — a pattern consistent with subcontracted project execution rather than a directly employed workforce. EBITDA margin on FY26 revenue was 5.25% and net profit Rs 1.66 crore. The corporate and operational office sits at KCL Business Park in Indore; the registered office has shifted to Mumbai. A disclosed lease arrangement with C3 Multi Speciality Hospital involved an increased security deposit of Rs 11 crore alongside a reduced monthly rent. Audit emphasis-of-matter notes flagged Rs 50 lakh of unpaid MSME dues (1–3 years old), Rs 2.69 crore in trade receivables outstanding more than three years, and Rs 4.32 crore of loans lacking supporting documentation.