B L Kashyap in the green

B L Kashyap and Sons rallied in early trade today, after the company announced a fresh Rs. 300 crore order win, lifting sentiment around near-term order inflows. The stock was trading at around Rs. 51.75, up 2.92% from the previous close of Rs. 50.28, after touching an intraday high of Rs. 54.55. The counter opened at Rs. 52.95 and traded in the Rs. 51.22–54.55 band, with VWAP near Rs. 52.89.

In an exchange filing, the company said it has secured the new order from CRC Greens for construction and supervision of civil and structural works for a group housing project in Greater Noida, Uttar Pradesh. The project is expected to be executed over approximately 42 months, implying a steady revenue stream spread over multiple quarters, although the pace of billing and profitability will depend on milestone-based execution, site mobilisation and input-cost conditions.

Analytically, the key positive is that the contract adds incremental visibility to the order book and reinforces the company’s positioning in the residential construction segment, where timely execution and repeat relationships can support further inflows. However, investors typically monitor two sensitivities in such long-duration building contracts: (1) working-capital intensity (receivables, mobilisation advances, and retention money) and (2) margin stability amid commodity/contracting cycles, as both influence cash conversion even when reported revenues rise.

The stock remains well off its 52-week high of Rs. 80.07 (52-week low Rs. 42.71). The session also saw trading volumes of about 2.42 lakh shares and turnover of roughly Rs. 1.27 crore, with the company valued at around Rs. 1,166.65 crore in market capitalisation, while reported trailing metrics on the exchange screen imply TTM EPS (consolidated) of Rs.1.25 and P/E of 41.46x, keeping valuation-sensitive investors focused on consistent execution and cash flows alongside fresh order announcements.