📈 Live Market Tracking
Every NSE and BSE corporate filing, read and explained by AI within minutes — impact, key figures, short/long-term view and what to watch.
Live · AI analyzer runs every 5 min (07:00–23:55 IST)
Latest filing: 2026-09-24 14:26
0 analysed today
FollowTelegram
0
Today
151,853
All-time analysed
43,533
Positive
6,742
Negative
92,741
Neutral
8,769
Watch
📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
8 announcements match the current filters (relevance ≥ 5).
Order Book Expands 40% to ₹1,720.72 Cr on ₹926 Cr New Inflows
B.R.Goyal Infrastructure reported that its unexecuted order book reached ₹1,720.72 crore as of August 31, 2026, marking a 40% growth compared to ₹1,235.00 crore on March 31, 2026. This expansion was driven by fresh order wins of ₹926.00 crore secured between April 1 and August 31, 2026, across roads, buildings, and toll collection projects. The current order book represents approximately 1.29x of the company's TTM revenue of ₹1,330 crore, offering strong revenue visibility over the next 6 to 24 months.
Confidence: HIGH
What changedThe company's unexecuted order book rose 40% since March 31, 2026, reaching ₹1,720.72 crore due to ₹926 crore in new inflows.
Why it mattersThe ₹1,720.72 crore order pipeline improves revenue visibility for the next 1–2 years, amounting to ~1.3x TTM revenue (₹1,330 crore).
Order book as on Aug 31, 2026: ₹1,720.72 CroreNew orders won (Apr-Aug 2026): ₹926.00 CroreOrder book growth vs Mar 31, 2026: 40%Order book vs TTM revenue: ~129%
📅 Short termPositive sentiment driver as the sizable influx of orders affirms strong bidding success and commercial momentum.
📈 Long termEnhances multi-year growth visibility and scale in EPC operations, provided execution efficiency and operating margins are maintained.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution delays in EPC road and building projects
- Input cost inflation affecting project margins over the 6-24 month delivery period
Key Highlights
Unexecuted order book increased to ₹1,720.72 Crore as on 31 August 2026, up 40% from 31 March 2026
Secured fresh work orders worth ₹926.00 Crore (Gross) between April 1, 2026, and August 31, 2026
Unexecuted order book stood at ₹1,235.00 Crore as on March 31, 2026
Current order book provides revenue visibility over a 6 to 24 months execution timeline
New wins span across Roads, Buildings, and Toll Collection contracts
👀 What to Watch
Track quarterly revenue conversion and operating profit margins in upcoming earnings to ensure project delivery stays on schedule across the 6 to 24-month horizon.
B.R.Goyal Infra Bags ₹119.85 Cr NHAI User Fee Collection Order in Tamil Nadu
B.R.Goyal Infrastructure Limited has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for the engagement of a user fee agency at Surapattu Fee Plaza in Tamil Nadu. The accepted value of the contract is ₹119.85 crore. The execution tenure is 1 year, and it also includes upkeep and maintenance of adjacent toilet blocks.
Confidence: HIGH
What changedB.R.Goyal Infra secured a 1-year ₹119.85 Cr NHAI fee collection contract in Tamil Nadu.
Why it mattersThe order represents ~9.0% of the company's TTM revenue (₹1,330 Cr), providing steady cash flow visibility for the 1-year tenure.
Order value: Rs. 119,84,97,575Order vs TTM revenue: ~9.0%Execution tenure: 1 Year
📅 Short termPositive for sentiment and order book addition over the coming weeks as execution begins.
📈 Long termLimited long-term structural impact given the 1-year operating contract nature, but strengthens NHAI track record.
⚠ Risk flags
- Traffic volume risk during toll collection tenure
- Short contract duration (1 year)
Key Highlights
Accepted contract value is ₹119,84,97,575 (~₹119.85 Cr)
Contract awarded by National Highways Authority of India (NHAI) via competitive e-tender
Execution timeline set for 1 year
Scope includes toll user fee collection at Surapattu Fee Plaza and maintenance of adjacent toilet blocks
👀 What to Watch
Monitor contract commencement and quarterly operational revenue additions to gauge margin contribution from fee collection operations.
B.R.Goyal Infra Wins ₹151 Cr NHAI Toll Collection Contract on NH-3
B.R.Goyal Infrastructure Limited has secured a ₹151.06 crore work order from the National Highways Authority of India (NHAI) for user fee collection at the Jajau Fee Plaza on NH-3 (Agra-Gwalior section) in Madhya Pradesh. The contract has an execution period of one year and includes upkeep and maintenance of adjacent facilities. The order represents approximately 11.4% of the company's TTM revenue of ₹1,330 crore. Following this win, the company operates 7 active toll collection contracts across multiple states.
Confidence: HIGH
What changedNHAI awarded a 1-year ₹151.06 crore user fee collection agency contract to B.R.Goyal Infrastructure.
Why it mattersProvides near-term top-line revenue visibility and expands the company's recurring toll collection contract (TCC) vertical to 7 projects.
Contract value: ₹151.06 croreTenure: 1 yearOrder vs TTM revenue: ~11.4%Total active toll contracts: 7
📅 Short termRevenue recognition will begin once tolling operations mobilize, providing predictable cash inflows over the next 12 months.
📈 Long termDemonstrates capability to win NHAI e-tenders, though short one-year concession tenures necessitate continuous bidding for order replenishment.
⚠ Risk flags
- Short 1-year contract tenure requiring frequent replenishment
- Toll collection shortfall risk relative to the fixed quoted agency fees
Key Highlights
Awarded ₹151.06 crore (₹1,51,05,72,575) toll collection contract from NHAI
Contract duration is 1 year on the Agra-Gwalior corridor (NH-3, Km 8.000 to Km 103.000)
Brings total operational toll collection portfolio to 7 active contracts
Order size represents ~11.4% of company's TTM revenue of ₹1,330 crore
👀 What to Watch
Track execution rollout and the revenue run-rate contribution in upcoming quarterly results over the one-year contract duration.
B.R.Goyal Infra Bags ₹151.06 Cr NHAI User Fee Collection Order in MP
B.R.Goyal Infrastructure Limited has secured a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a contract valued at ₹151.06 crore. The mandate involves functioning as the user fee agency for Jajau Fee Plaza on the Agra-Gwalior section of NH-3 in Madhya Pradesh, along with toilet block upkeep. The contract execution period is 1 year. The order value represents approximately 11.4% of the company's TTM revenue of ₹1,330 crore.
Confidence: HIGH
What changedSecured a new 1-year commercial toll collection and maintenance contract from NHAI worth ₹151.06 crore.
Why it mattersProvides immediate 1-year revenue visibility, adding ₹151.06 crore to the topline and strengthening cash flows in toll operations.
Order value: Rs. 1,51,05,72,575Order vs TTM revenue: ~11.4%Execution period: 1 YearLocation: Jajau Fee Plaza (NH-3, MP)
📅 Short termPositive operational addition providing immediate revenue run-rate support starting from mobilization.
📈 Long termLimited long-term structural impact as it is a short-duration (1 year) user fee agency contract.
⚠ Risk flags
- Short 1-year contract duration requiring continuous contract replenishments
- Traffic volume and operational collection risks typical of toll agency contracts
Key Highlights
Order awarded by NHAI valued at ₹1,51,05,72,575 (₹151.06 Cr)
Contract duration is 1 year for user fee collection at Jajau Fee Plaza on NH-3 (Agra-Gwalior section, MP)
Includes upkeep and maintenance of adjacent toilet blocks and consumable recouping
Order size represents ~11.4% of TTM revenue (₹1,330 Cr) and ~18.4% of FY26 revenue (₹820 Cr)
👀 What to Watch
Track toll operations commencement, fee collection stability, and quarterly revenue contribution over the 1-year execution timeframe.
Rs 39.00 Cr Order Win from NHAI for Toll Collection in Maharashtra
B.R.Goyal Infrastructure Ltd has received a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for toll collection services. The contract, valued at Rs 39.00 crore, involves acting as the user fee agency for the Husnapur Toll Plaza on NH-361 in Maharashtra. The project has a short execution timeline of one year and includes the maintenance of adjacent facilities. This order is relatively small, representing approximately 2.9% of the company's TTM revenue of Rs 1,330 crore.
Confidence: HIGH
What changedThe company has secured a new service-based contract from NHAI for toll collection in Maharashtra for a one-year period.
Why it mattersWhile the order size is small relative to total revenue, it maintains the company's operational relationship with NHAI and provides steady short-term cash flow.
Order Value: Rs 39,00,22,575Order vs TTM Revenue: ~2.93%Execution Period: 1 YearTTM Revenue: Rs 1330 Cr
📅 Short termThe announcement is likely to have a neutral impact on the stock price due to the small contract size relative to the company's annual turnover.
📈 Long termLimited structural significance as this is a routine, short-duration service contract rather than a major infrastructure asset build.
⚠ Risk flags
- Short contract duration (1 year)
- Traffic volume risk inherent in toll collection agencies
Key Highlights
Awarded a contract worth Rs 39,00,22,575 by NHAI.
Execution period is fixed at 1 year.
Project covers the Yavatmal-Wardha section (Km 400.575 to Km 465.500) of NH-361.
Scope includes user fee collection and upkeep of adjacent toilet blocks.
Order value represents ~4.7% of FY26 revenue of Rs 820 crore.
👀 What to Watch
Investors should monitor the company's ability to secure larger-scale civil construction projects, as this tolling contract is a short-term service engagement rather than a core infrastructure development project.
₹13.09 Cr Fundraise: B.R.Goyal Infrastructure Allots 11 Lakh Convertible Warrants
B.R.Goyal Infrastructure has approved the allotment of 11,00,000 convertible warrants to nine non-promoter investors at an issue price of ₹119 per warrant. The company has received ₹3.27 crore, representing the mandatory 25% upfront subscription money. The remaining 75% (₹9.82 crore) is payable within 18 months upon exercise of conversion rights. This total fundraise of ₹13.09 crore is relatively small, representing approximately 4.8% of the company's net worth and less than 1% of its TTM revenue.
Confidence: HIGH
What changedThe company has moved from the proposal stage to the actual allotment of warrants, securing the first tranche of capital from nine non-promoter investors.
Why it mattersWhile the amount is modest compared to the company's ₹1,330 crore TTM revenue, it provides incremental liquidity and indicates investor interest from the non-promoter group.
Total Issue Value: ₹13.09 CrUpfront Payment Received: ₹3.27 CrIssue Price per Warrant: ₹119Issue vs Net Worth: ~4.8%Issue vs TTM Revenue: ~0.98%
📅 Short termThe news is likely to be viewed neutrally to slightly positively by the market as it confirms successful capital raising, though the immediate cash inflow is small.
📈 Long termLimited structural impact given the small size of the fundraise relative to the company's annual turnover and existing net worth.
⚠ Risk flags
- Equity dilution of approximately 4.7% upon full conversion of warrants
- Utilization of proceeds not specifically detailed in this filing
Key Highlights
Allotment of 11,00,000 convertible warrants to 9 non-promoter investors on a preferential basis.
Issue price of ₹119 per warrant includes a premium of ₹109 over the ₹10 face value.
Immediate capital infusion of ₹3.27 crore received as 25% warrant subscription money.
Total potential fundraise of ₹13.09 crore upon full conversion within 18 months.
Post-conversion, this will result in the issuance of 11 lakh new equity shares.
👀 What to Watch
Investors should monitor the company's future disclosures regarding the specific utilization of these funds and the timing of the remaining 75% payment, which will lead to equity dilution.
Rs 13.09 Cr Fundraise: B.R.Goyal Infrastructure Allots 11 Lakh Convertible Warrants
B.R.Goyal Infrastructure has approved the allotment of 11,00,000 convertible warrants to nine non-promoter investors at an issue price of Rs 119 per warrant. The company has received the initial 25% subscription amount totaling Rs 3.27 crore, with the remaining 75% payable upon conversion within 18 months. The total potential fundraise of Rs 13.09 crore represents approximately 4.8% of the company's net worth (Rs 274 Cr). This preferential allotment is aimed at strengthening the capital base for its civil construction operations.
Confidence: HIGH
What changedThe company has moved from the proposal stage to the actual allotment of convertible warrants, securing immediate cash of Rs 3.27 crore.
Why it mattersWhile the fundraise is small (less than 1% of TTM revenue), it provides incremental equity capital to support the company's growth in the civil construction sector without immediate full dilution.
Total Issue Size: Rs 13.09 CrUpfront Amount Received: Rs 3.27 CrIssue Price per Warrant: Rs 119Issue vs Net Worth: ~4.8%Issue vs TTM Revenue: ~0.98%
📅 Short termThe news is likely to be viewed neutrally to slightly positively as it confirms investor interest and provides immediate liquidity.
📈 Long termThe impact is limited given the small size of the fundraise relative to the company's annual revenue of over Rs 1,300 crore.
⚠ Risk flags
- Equity dilution of approximately 11 lakh shares upon conversion
- Risk of non-conversion if the market price falls below the warrant price of Rs 119
Key Highlights
Allotment of 11,00,000 convertible warrants at a price of Rs 119 per warrant (including Rs 109 premium).
Total aggregate consideration for the issue stands at Rs 13.09 crore.
Initial 25% subscription money of Rs 3.27 crore has been received and deposited in a separate bank account.
Warrants are convertible into equity shares on a 1:1 basis within a maximum period of 18 months.
Allotment made to 9 non-promoter investors, including Mavira AMC LLP and several individuals.
👀 What to Watch
Investors should track the conversion timeline over the next 18 months and monitor how the management utilizes the proceeds to scale its construction order book.
₹377.54 Cr Order Win from UPEIDA for Bundelkhand Expressway O&M and Toll Collection
B.R.Goyal Infrastructure Ltd has secured a significant contract worth ₹377.54 crore from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The order involves the collection of user fees and Operations & Maintenance (O&M) of toll plazas along the Bundelkhand Expressway for a period of two years. This contract is highly material, representing approximately 28.4% of the company's TTM revenue of ₹1,330 crore. The contract includes a built-in 10% escalation for the second year, providing clear revenue visibility through 2028.
Confidence: HIGH
What changedThe company has successfully moved from the bidding stage to receiving a formal Letter of Award for a major expressway O&M project in Uttar Pradesh.
Why it mattersThis order provides a substantial boost to the company's order book, equivalent to over a quarter of its annual revenue, and establishes a recurring revenue stream from tolling operations rather than just one-time construction projects.
Total Order Value: ₹377.54 crOrder vs TTM Revenue: ~28.4%Year 1 Value: ₹179.78 crYear 2 Value: ₹197.76 crContract Duration: 2 years
📅 Short termThe stock is likely to react positively in the short term due to the high materiality of the order relative to the company's current revenue scale.
📈 Long termThis contract strengthens the company's credentials in the O&M segment, which could lead to more stable, long-term service contracts and potentially improve the overall business profile beyond civil construction.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk in toll collection and manpower management
- Concentration risk with a single large authority (UPEIDA)
- Operational risks associated with maintaining safety vehicles on a high-speed expressway
Key Highlights
Total contract value of ₹377.54 crore for a 2-year duration
Year 1 revenue contribution fixed at ₹179.78 crore
Year 2 revenue increases to ₹197.76 crore due to a 10% annual escalation clause
Scope includes deployment of 12 patrol-cum-safety vehicles and associated personnel
Contract is extendable by an additional 6 months at the discretion of UPEIDA
👀 What to Watch
Investors should monitor the commencement date of the contract and its impact on operating margins (OPM), which were 8.6% for the TTM period. Watch for the company's ability to manage the manpower and logistics required for the 12 patrol vehicles efficiently.
