Lays cross-country oil and gas pipelines and carries out pipeline rehabilitation work for public-sector oil companies and overseas contractors. The order book received a fresh push with a Rs 510 crore contract from China Petroleum Engineering and Construction Corporation-Abu Dhabi for Pipeline Package-1 (ASAB), to be executed over 21 months, and a Rs 121.04 crore contract from Oil India Limited for Coating Refurbishment and associated works on Pipeline Rehabilitation Project Phase-II across two spreads in Assam, to be executed over 3 years. The company plans to raise about Rs 60 crore via convertible warrants, with roughly Rs 54 crore earmarked for oil and gas pipeline equipment and Rs 6 crore for working capital. In FY26 it reported Rs 456.7344 crore of revenue at a 13.35% EBITDA margin. The biggest cost line is 'other operating expenses' at 65.2% of revenue, followed by materials at 21.1% and employee cost at 5.7%. Lender confidence is reflected in a reaffirmed CRISIL A/Stable rating on Rs 300 crore of bank facilities, including bank guarantees and working capital lines. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Oil and gas pipeline construction and rehabilitation. Order-driven infrastructure contractor for oil and gas pipelines, asset-light on capex (1.5% of revenue) but reliant on bank guarantees and working-capital lines
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 257 | 365 | 422 | 520 | 457 |
| EBITDA (ex other income) | 62 | 83 | 94 | 96 | 57 |
| margin % | 24.2 | 22.8 | 22.2 | 18.4 | 12.4 |
| Owners' profit | 0 | 0 | 65 | 69 | 39 |
| EPS, as reported (₹) | 23.38 | 15.28 | 16.58 | 17.57 | 9.94 |
| ROE % · ROCE % | — · — | 24.0 · 32.7 | 21.0 · 29.3 | 18.6 · 25.2 | 9.4 · 13.0 |
| Debt / equity (x) | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 3 | 31 | 21 | (0) | (5) |
| Capex | (10) | (9) | (14) | (3) | (7) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 133 | 126 | 135 | 122 | 102 | 111 | 121 | 85 |
| Profit before tax | 24 | 23 | 24 | 19 | 16 | 12 | 6 | 10 |
| Net profit | 18 | 17 | 18 | 14 | 12 | 9 | 4 | 7 |
| EPS (₹) | 4.41 | 4.38 | 4.46 | 3.51 | 2.92 | 2.35 | 1.16 | 1.85 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Likhitha Infra allots 25 lakh convertible warrants at Rs 240 each | fund raising | high | — | — |
| 5 Sept 2026 · Likhitha Infrastructure files FY26 BRSR; reports zero safety incidents | compliance | low | — | — |
| 5 Sept 2026 · 27th AGM Notice and Annual Report FY26 submitted to exchanges | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Notice of 27th AGM on 28 Sep 2026 along with Annual Report FY26 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 27th AGM scheduled for 28 September 2026 via video conferencing | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Q1 FY27 Investor Presentation: Revenue Down 30%, PAT Falls 47% | investor communications | medium | — | — |
| 14 Aug 2026 · Likhitha Infra Q1 results: profit falls; appoints new Company Secretary | management changes | medium | — | — |
| 14 Aug 2026 · Q1 FY27 Results: Revenue Drops 30% YoY, Profit Falls 47% | management changes | medium | — | — |
| 10 Aug 2026 · Board meeting on 14 Aug to consider Q1 FY27 results | results | low | — | — |
| 30 Jul 2026 · Amendment to EGM Notice for Preferential Issue of 25 Lakh Warrants | fund raising | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
