Ace investor Mukul Agrawal maintains firm stake in the construction major
Fast-growing EPC player in the urban infrastructure and building construction space, Capacite Infraprojects has announced an impressive performance for the financial year ended 31 March 2025. The company reported a record Profit After Tax (PAT) of INR 204 crores, marking a stellar 69% YoY jump, driven by solid revenue growth and improved execution across geographies.
Capacite Infraproject FY25 Results
- Total Income stood at INR 2,407 crores, a robust 23% YoY increase from INR 1,964 crores in FY24.
- PAT for FY25 surged to INR 204 crores, compared to INR 120 crores last year – the highest ever in the company’s history.
- EBIT rose 30% YoY to INR 342 crores, reflecting strong operational momentum.
- Despite inflationary pressures, the EBIDTA margin stood healthy at 18.2%, compared to 18.5% in FY24.
- Net Debt to Equity remains conservative at 0.11x, underlining a healthy balance sheet and prudent capital management.
Capacite Infraprojects Q4 Performance
For the final quarter (Q4FY25), Capacite reported:
- Total income of INR 705 crores, up 16% YoY.
- PAT of INR 53.1 crores, up 2% YoY.
- A marginal dip in operating margins, with EBIDTA margin at 16.9% versus 19.8% in Q4FY24, largely attributed to project mix and input costs.
Order Book and Project Pipeline
As of 31 March 2025, the company boasts a massive order book of INR 10,545 crores which is approx. 3.5X of its MCap INR 3,012 crore , with 68% from public sector projects and a 32% from private sector clients. Capacite was awarded new projects worth INR 2,823 crores in FY25, reflecting heightened traction in the infrastructure space, particularly in residential and institutional construction.
Investor Spotlight: Mukul Agrawal Holds Steady
Prominent investor Mukul Agrawal, known for his savvy picks in the small- and mid-cap space, continues to hold 6.10% stake (51,50,000 shares) in Capacite, with a holding value of approximately INR 184.3 crores as of March 2025. His position has remained unchanged over the past three quarters, signaling long-term conviction in the company’s growth story and financial strength.
Leadership Commentary
Executive Chairman Mr. Rohit Katyal called the FY25 performance “historic,” crediting disciplined financial management, careful project selection, and an optimized project portfolio for the strong results. He emphasized the shift toward fewer, higher-value projects and noted that rising bid activity bodes well for future growth.
“We are entering a high-growth phase. Our execution capabilities, coupled with a diversified order book, will help us establish new benchmarks in the EPC space,” said Katyal.
Capacite Infraprojects Post-IPO Performance
Capacite Infra launched its IPO on 13 September 2017. The issue was a total book building issue of INR 400 crore. Capacite Infraprojects IPO got massive response from the investors that leads the subscription to 182X. The IPO listed with an impressive 37.02% return from its allotment price of INR 250 per share. Notably, the shares of Capacite Infra surges 562% in five years and made an all-time high of INR 465 per share on 18 December 2024 from its five years low of INR 70.20 per share on 3 April 2020. Currently, it is trading around INR 356 per share, with a correction of ~21% from its 52-week high.
Conclusion
Capacite Infraprojects appears firmly on track to capitalize on India’s urban infrastructure boom. With a healthy mix of public and private projects, a debt-light balance sheet, and growing interest from marquee investors like Mukul Agrawal, the company is well-positioned to scale further and deliver sustained shareholder value.
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Disclaimer: Investors should monitor macroeconomic trends and execution cycles. As always, forward-looking statements are subject to risks and uncertainties.