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Latest filing: 2026-08-31 09:19
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15 announcements match the current filters (relevance ≥ 5).
Lead Bank Sets ₹52.5 Cr Right of Recompense Payable by March 31, 2027
B. L. Kashyap and Sons Limited received communication from the Lead Bank of its Consortium Lenders regarding the settlement of Right of Recompense (ROR). The Lead Bank specified an ROR amount of ₹52.5 crore payable to CDR lenders before March 31, 2027. The proposed settlement and terms are subject to final approval and confirmation by other consortium lenders. This settlement amount represents approximately 7.1% of the company's net worth (₹736 crore) and roughly 18.8% of total debt (₹280 crore).
Confidence: HIGH
What changedThe Lead Bank determined and communicated an ROR liability of ₹52.5 crore to exit CDR obligations, pending consortium sign-offs.
Why it mattersSettling ROR clears historical CDR legacy obligations, though the ₹52.5 crore cash outflow is substantial relative to recent annual net profits (FY26 PAT of ₹1.07 crore).
ROR Settlement Amount: ₹52.5 crorePayment Deadline: 31.03.2027ROR vs Net Worth: ~7.1%ROR vs Total Debt: ~18.8%
📅 Short termThe announcement removes ambiguity regarding the ROR quantum, but market reaction will depend on terms of payment and final consortium lender nods.
📈 Long termCompleting the CDR recompense clears past legacy restructurings, enabling a cleaner balance sheet and potentially improving banking limits.
⚠ Risk flags
- Consortium approval pending
- Cash outflow burden relative to thin TTM net earnings (TTM PAT of ₹1 Cr)
Key Highlights
Lead Bank communicated Right of Recompense (ROR) amount of ₹52.5 crore payable to CDR lenders.
Payment deadline is set before March 31, 2027, along with applicable settlement conditions.
Settlement terms remain subject to approval and confirmation from other consortium lenders.
👀 What to Watch
Track formal approvals from the remaining consortium lenders and watch for details on how the ₹52.5 crore payment will be funded ahead of the March 2027 deadline.
BLKASHYAP Secures ₹183.18 Cr Residential Civil Works Order from Century Group
B. L. Kashyap and Sons Limited has secured a domestic work order worth ₹183.18 crore (excluding GST) from Realkraft Ventures LLP (Century Group). The project involves civil and structural works for a residential building and has an execution timeline of approximately 18 months. The order size represents approximately 13.3% of the company's TTM revenue of ₹1,379.4 crore. The contract is non-related party and awarded on an arm's length basis.
Confidence: HIGH
What changedB. L. Kashyap has added a fresh ₹183.18 crore construction contract to its order book from Realkraft Ventures LLP.
Why it mattersAdds revenue visibility representing ~13.3% of TTM revenue and strengthens the company's order pipeline in the residential construction segment.
Order Value: ₹ 183.18 CroresOrder vs TTM Revenue: ~13.3%Execution Period: 18 months approx.LOI Acceptance Date: 19.08.2026
📅 Short termPositive sentiment from order accretion providing medium-term revenue visibility over the next 18 months.
📈 Long termBolsters the construction order book, but actual bottom-line impact will depend on execution efficiency and managing thin operating profit margins.
⚠ Risk flags
- Execution delays typical to real estate and civil construction
- Thin margin environment (TTM net profit at ₹1 Cr)
Key Highlights
Secured domestic order worth ₹183.18 crore (excluding GST)
Awarded by Realkraft Ventures LLP (Century Group) for residential civil & structural works
Execution timeline is approximately 18 months
Letter of Intent (LOI) accepted on August 19, 2026 at 03:53 PM
👀 What to Watch
Track execution progress and revenue recognition over the 18-month execution period, alongside operating margins given industry-wide margin pressures.
₹4,712 Cr Order Book Reached; BLKASHYAP Reports 8.28% EBITDA Margin in Q1 FY27
B. L. Kashyap and Sons (BLKASHYAP) reported a consolidated revenue of ₹345.12 Cr for Q1 FY27, with a PAT of ₹10.02 Cr. The company's order book has surged to ₹4,712 Cr as of June 30, 2026, which is approximately 3.4x its TTM revenue of ₹1,379 Cr, providing strong revenue visibility. Operational efficiency improved with EBITDA margins rising to 8.28% from 7.72% YoY. Management is targeting a ₹65 Cr capex for FY27 and the monetization of non-core assets to further deleverage the balance sheet.
Confidence: HIGH
What changedThe company has significantly expanded its order book to ₹4,712 Cr (up from ₹3,090 Cr in Dec 2024) and demonstrated improved operational margins.
Why it mattersThe massive order book (3.4x revenue) provides high growth visibility for a company that has struggled with low net profitability (TTM PAT of only ₹1 Cr). Sustained margin improvement is key to justifying its high P/E valuation.
Order Book: ₹4,712 CrOrder Book vs TTM Revenue: 3.42xQ1 FY27 Revenue: ₹345.12 CrQ1 FY27 PAT: ₹10.02 CrPlanned FY27 Capex: ₹65 CrCurrent Debt: ₹270 Cr
📅 Short termThe robust order book and margin expansion are likely to be viewed positively by the market in the coming weeks.
📈 Long termStructural growth depends on the company's ability to convert its large order book into consistent double-digit EBITDA margins and positive net earnings, moving away from its historical break-even performance.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High geographical concentration with 46.89% of orders in Haryana
- Significant exposure to the commercial sector (54.35%) which is sensitive to economic cycles
- Historically thin net profit margins
Key Highlights
Order book reached ₹4,712 Cr as of June 30, 2026, representing 3.4x TTM revenue.
Consolidated EBITDA margin improved to 8.28% in Q1 FY27 from 7.72% in the previous year's quarter.
Secured new orders worth ₹282 Cr during the April-June 2026 quarter.
Fund-based debt reduced significantly to ₹270 Cr from a peak of ₹700 Cr in 2014.
Planned capital expenditure of ₹65 Cr for FY27 focused on innovation and fixed assets.
👀 What to Watch
Monitor the execution timeline of the ₹4,712 Cr order book and the impact of the ₹65 Cr capex on future operating margins. Watch for progress on the monetization of non-core assets by the end of FY27 as a catalyst for further debt reduction.
BL Kashyap Approves Q1 FY27 Results; Clean Auditor Report for Co with Rs 3,090 Cr Order Book
B. L. Kashyap and Sons Limited has approved its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The statutory auditors, Sood Brij & Associates, issued a clean limited review report, indicating no material misstatements or qualifications. While specific quarterly figures were not detailed in the announcement text, the company is currently managing a large order book of Rs 3,090 crore against a thin TTM PAT of just Rs 1 crore.
Confidence: LOW
What changedThe company has completed its formal board approval and auditor review for the Q1 FY27 financial period.
Why it mattersFor a company with a high P/E of 899.8 and low TTM profitability, each quarterly result is a critical test of its ability to convert its large order book into actual earnings.
Order Book vs TTM Revenue: ~224%TTM PAT: Rs 1 CrDebt: Rs 280 CrPromoter Holding: 61.72%
📅 Short termThe stock may remain neutral until the specific revenue and margin figures for the quarter are compared against the previous year's performance.
📈 Long termLong-term value depends on the successful execution of the Rs 3,090 crore order book and margin expansion beyond the current 7.4% OPM.
⚠ Risk flags
- Low net profit margins (TTM PAT Rs 1 Cr)
- High P/E ratio (899.8)
- High client concentration in the private sector (87%)
Key Highlights
Board meeting for result approval concluded at 1:42 p.m. on August 12, 2026, lasting 52 minutes
Auditor Sood Brij & Associates issued a clean limited review report for the quarter ended June 30, 2026
Consolidated results encompass 9 entities including subsidiaries like Soul Space Projects and the BLK NCC Consortium joint venture
Company maintains an unexecuted order book of Rs 3,090 crore, approximately 2.24 times its TTM revenue
👀 What to Watch
Investors should monitor the full financial tables to see if the company has improved its operating profit margin (TTM 7.4%) to better service its Rs 280 crore debt.
₹ 91.57 Cr Order Win for Civil and Structural Works in Bengaluru
B. L. Kashyap and Sons Limited has secured a domestic contract worth ₹ 91.57 Crores (excluding GST) from Embassy Development Ltd. The project involves civil and structural works for 'Verde Phase II', a residential building in Bengaluru, with an execution timeline of approximately 17 months. This order represents roughly 6.6% of the company's TTM revenue of ₹ 1,379 Crores. Given the company's thin TTM PAT of only ₹ 1 Crore, efficient execution of this contract is vital for bottom-line contribution.
Confidence: HIGH
What changedThe company has added a ₹ 91.57 Crore residential construction project to its existing order book.
Why it mattersProvides revenue visibility for the next 1.5 years and reinforces the company's relationship with major developers like Embassy, though the impact on net profit remains the key metric to watch.
Order Value: ₹ 91.57 CroresExecution Period: 17 monthsOrder vs TTM Revenue: ~6.6%TTM Revenue: ₹ 1379 CrTTM PAT: ₹ 1 Cr
📅 Short termThe announcement is likely to be viewed positively by the market as it demonstrates continued order inflow from reputable private developers.
📈 Long termWhile the order book remains healthy at over ₹ 3,000 Cr, the long-term focus for investors should be on the company's ability to convert these orders into meaningful net profits.
⚠ Risk flags
- Thin net profit margins
- Execution risk over the 17-month period
- Concentration in the residential real estate segment
Key Highlights
Secured a new order worth ₹ 91.57 Crores (excluding GST) for civil and structural works.
The project has a defined execution timeline of approximately 17 months.
The contract was awarded by Embassy Development Ltd for a residential project in Bengaluru.
Order value represents approximately 6.6% of the company's TTM revenue of ₹ 1,379 Crores.
👀 What to Watch
Monitor the company's quarterly operating margins to see if new orders like this can improve the current thin net profit levels (TTM PAT of ₹ 1 Cr).
BL Kashyap Q4 Revenue Rises 24% to ₹364 Cr; Order Book Robust at ₹5,296 Cr
B. L. Kashyap and Sons reported a 24% YoY increase in Q4 FY26 consolidated revenue to ₹363.71 crore, supported by a strong order book of ₹5,296 crore. Despite revenue growth, the company posted a consolidated net loss of ₹12.52 crore for the quarter, primarily due to a ₹37.82 crore exceptional charge involving arbitration settlements and debt recompense. For the full year FY26, revenue reached ₹1,379.14 crore, while fund-based debt was significantly reduced to ₹270 crore. The company is pivoting towards government projects, aiming for a 25% share of the mix by FY27.
Key Highlights
Consolidated revenue for Q4 FY26 grew 24% YoY to ₹363.71 crore.
Order book stands at a healthy ₹5,296 crore, with ₹3,558 crore in new orders secured during FY26.
Fund-based debt reduced to ₹270 crore from a peak of ₹700 crore, with only working capital limits remaining.
Bottom line impacted by a ₹37.82 crore exceptional loss related to Right of Recompense and arbitration write-offs.
Planned capex of ₹65 crore for FY27, following ₹56 crore incurred in FY26.
👀 What to Watch
Investors should monitor the company's ability to convert its massive ₹5,296 crore order book into profitable execution now that legacy debt restructuring is largely complete. The shift toward a 25% government project mix and continued debt reduction are key metrics to track for long-term recovery.
BL Kashyap FY26 Revenue Jumps 78% Standalone; PAT Hit by ₹37.8 Cr Exceptional Item
B. L. Kashyap and Sons Limited reported a robust 78.5% YoY growth in standalone revenue to ₹1,365.25 crore for FY26. However, consolidated net profit for the year plummeted to ₹1.55 crore from ₹27.48 crore in FY25, primarily due to a significant exceptional charge of ₹37.82 crore. This charge includes a ₹20 crore provision for Right of Recompense (ROR) under the CDR package and a ₹17.82 crore write-off from an arbitration settlement. Additionally, the company absorbed a one-time cost of ₹2.74 crore related to the New Wage Code implementation.
Key Highlights
Standalone Revenue for FY26 surged to ₹1,365.25 crore, up from ₹765.04 crore in FY25.
Consolidated PAT dropped to ₹1.55 crore in FY26 compared to ₹27.48 crore in the previous year.
Recognized an exceptional loss of ₹37.82 crore involving ROR provisions and arbitration-related contract asset write-offs.
Employee benefit expenses included a non-recurring cost of ₹2.74 crore for New Wage Code compliance.
Standalone Q4 FY26 revenue grew 47.8% YoY to ₹375.07 crore, though the quarter ended in a net loss of ₹7.27 crore due to one-offs.
👀 What to Watch
Investors should focus on the strong operational revenue growth which suggests a healthy order book, while treating the bottom-line hit as largely driven by non-recurring exceptional items. Monitor the final quantification of the Right of Recompense (ROR) as it remains a pending liability.
B. L. Kashyap Secures ₹180 Crore Order for Commercial Project in Bangalore
B. L. Kashyap and Sons Limited has secured a domestic order worth ₹180 Crores from Immencity Office Parks Pvt. Ltd. The contract entails civil and structural works for the Century Red Oak Commercial Building in Bangalore. The project is expected to be completed within an 18-month timeframe. This win bolsters the company's construction pipeline and provides clear revenue visibility for the medium term.
Key Highlights
Total order value of ₹180 Crores excluding GST
Client is Immencity Office Parks Pvt. Ltd for a project in Bangalore
Project scope covers civil and structural works for a commercial building block
Execution timeline is approximately 18 months from the date of receipt
👀 What to Watch
Investors should view this as a positive development for the order book. Monitor the company's quarterly execution capabilities to ensure these orders translate into timely revenue and profit.
B. L. Kashyap Secures ₹300 Crore Order for Housing Project in Greater Noida
B. L. Kashyap and Sons Limited has bagged a domestic contract worth ₹300 Crores from CRC Greens Private Limited. The project entails the construction and supervision of civil structural works for a group housing project located in Greater Noida, Uttar Pradesh. The contract is expected to be executed over a period of approximately 42 months. This new order adds significant value to the company's existing order book and provides long-term revenue visibility.
Key Highlights
New order worth ₹300 Crores (excluding GST) secured from CRC Greens Private Limited
Scope includes civil structural works for a group housing project in Greater Noida
Project execution timeline is approximately 42 months
The contract is a domestic order with no promoter interest or related party involvement
👀 What to Watch
Investors should view this as a positive development for the company's order book and future revenue. Monitor the company's quarterly execution progress and operating margins to ensure the project remains profitable over its 3.5-year tenure.
BL Kashyap Q3 FY26 Revenue at ₹323.87 Cr; Order Book Strong at ₹5,293 Cr
B. L. Kashyap and Sons Limited reported a consolidated revenue of ₹323.87 Cr for Q3 FY26 with an EBITDA margin of 8.91%. The company's order book stands at a robust ₹5,293 Cr, supported by new order wins worth ₹3,258 Cr in the current financial year. A significant financial turnaround is highlighted by the reduction of fund-based debt from ₹700 Cr to ₹270 Cr, with no outstanding term loans. The company is strategically diversifying its portfolio, targeting a 25% share of government projects by FY27.
Key Highlights
Consolidated Revenue for Q3 FY26 reached ₹323.87 Cr with a PAT of ₹11.83 Cr.
Total order book as of December 31, 2025, stands at ₹5,293 Cr, with ₹3,258 Cr added in the current FY.
Fund-based debt significantly reduced to ₹270 Cr from ₹700 Cr, leaving only working capital and BG limits.
Planned capex of ₹55 Cr for FY26 is nearly complete with ₹48 Cr already incurred.
Major ongoing projects include BPTP Amstoria (₹910 Cr) and DLF Downtown Phase 2 (₹841 Cr).
👀 What to Watch
Investors should focus on the company's execution capabilities regarding its ₹5,293 Cr order book and the improving margin profile. The successful debt reduction and shift towards a balanced private-public sector mix signal a strong recovery phase.
BL Kashyap Q3 Net Profit Jumps to ₹11.83 Cr; Consolidated Revenue Up 34% YoY
B. L. Kashyap and Sons Limited reported a strong financial performance for Q3 FY2025-26, with consolidated revenue from operations rising 34.3% YoY to ₹324.77 crore. The consolidated net profit witnessed a massive surge to ₹11.83 crore, compared to a marginal profit of ₹0.12 crore in the same quarter last year. Standalone net profit also showed significant improvement, reaching ₹10.92 crore against ₹0.94 crore YoY. The results were achieved despite a one-time non-recurring employee cost of ₹2.83 crore due to the implementation of the New Wage Code.
Key Highlights
Consolidated Revenue from operations grew 34.3% YoY to ₹324.77 crore in Q3 FY26.
Consolidated Net Profit surged to ₹11.83 crore from ₹0.12 crore in the year-ago period.
Standalone EPS increased significantly to ₹0.48 from ₹0.04 in Q3 FY25.
Nine-month consolidated total income crossed the ₹1,000 crore mark, reaching ₹1,021.07 crore.
Results include a one-time incremental employee benefit cost of ₹2.83 crore related to the New Wage Code.
👀 What to Watch
The significant jump in profitability and robust revenue growth indicate strong execution and improved operational efficiency. Investors should maintain a positive outlook while monitoring the sustainability of these margins and the company's order book growth.
BL Kashyap Q3 Results: Consolidated Net Profit Surges to ₹11.83 Cr; Revenue up 34% YoY
B. L. Kashyap and Sons Limited reported a strong year-on-year performance for the quarter ended December 31, 2025. Consolidated revenue grew by 34.3% YoY to ₹324.77 crore, while net profit saw a massive jump to ₹11.83 crore compared to just ₹1.12 crore in the same period last year. The company successfully turned around from a consolidated loss of ₹8.52 crore in the preceding quarter (Q2 FY26). The results were achieved despite a one-time non-recurring cost of ₹2.83 crore related to the implementation of the New Wage Code.
Key Highlights
Consolidated Revenue from operations rose 34.3% YoY to ₹324.77 crore.
Consolidated Net Profit increased to ₹11.83 crore from ₹1.12 crore in Q3 FY25.
Standalone Net Profit surged to ₹10.92 crore from ₹0.94 crore in the year-ago quarter.
One-time incremental cost of ₹2.83 crore incurred due to New Wage Code implementation.
Basic Earnings Per Share (EPS) improved significantly to ₹0.52 from ₹0.05 YoY.
👀 What to Watch
Investors should view this as a strong recovery in profitability and operational scale. The significant YoY growth in both standalone and consolidated bottom lines suggests improved execution efficiency, making the stock worth watching for further margin stability.
B.L. Kashyap Secures ₹364.07 Crore Order for Commercial Project in Chennai
B. L. Kashyap and Sons Limited has secured a significant domestic order worth ₹364.07 Crores from ESNP Property Builders and Developers Pvt. Ltd. The contract involves civil and structural work for the 'Embassy Splendid Tech Zone- Block' located in Pallavaram, Chennai. This project is part of a Special Economic Zone (SEZ) and is expected to be executed over a period of approximately 24 months. This win strengthens the company's order book and provides clear revenue visibility for the upcoming two fiscal years.
Key Highlights
New order worth ₹364.07 Crores secured for civil and structural works
Project awarded by ESNP Property Builders and Developers Pvt. Ltd. for a Chennai-based commercial site
Execution timeline is approximately 24 months from the date of commencement
The contract pertains to an SEZ project, specifically the Embassy Splendid Tech Zone
No promoter interest or related party transactions involved in the contract award
👀 What to Watch
Investors should monitor the company's execution progress and margin performance as this order adds to the revenue pipeline. The stock may see positive momentum due to improved order book visibility.
CRISIL Upgrades B. L. Kashyap and Sons' Credit Rating to BB-/Stable on ₹539.34 Cr Facilities
CRISIL Ratings has upgraded the long-term credit rating of B. L. Kashyap and Sons Limited to 'CRISIL BB-/Stable' from 'CRISIL B+/Stable'. The short-term rating has also been improved to 'CRISIL A4+' from 'CRISIL A4'. This upgrade covers total bank loan facilities amounting to ₹539.34 crore across multiple lenders including SBI, PNB, and Canara Bank. The revision indicates a positive shift in the company's creditworthiness and financial risk profile.
Key Highlights
Long-term rating upgraded to 'CRISIL BB-/Stable' from 'CRISIL B+/Stable'
Short-term rating upgraded to 'CRISIL A4+' from 'CRISIL A4'
Total bank loan facilities rated stand at ₹539.34 crore
Major facilities include ₹136.2 crore cash credit and ₹130 crore bank guarantee from State Bank of India
The upgrade reflects an improved likelihood of timely payment of financial obligations
👀 What to Watch
This upgrade is a positive signal regarding the company's debt-servicing capabilities and may lead to lower borrowing costs. Investors should monitor if this improved credit profile translates into better net margins in the coming quarters.
BLKASHYAP bags order worth ₹615.69 Crores
B. L. Kashyap and Sons Limited has secured a new order worth ₹615.69 Crores (Exclusive of GST) from Sattva CKC Private Limited. The order is for structural and civil work for a commercial project named “Sattva Chennai Knowledge City” at Chennai, Tamilnadu. The project is expected to be completed in approximately 31 months. This new order will contribute to the company's revenue over the next few years.
Key Highlights
Secured order worth ₹615.69 Crores (Exclusive of GST)
Order awarded by Sattva CKC Private Limited
Project to be completed in approximately 31 months
Order is for Structural and Civil work for Commercial project
👀 What to Watch
Investors should monitor the company's progress on this project and its impact on future revenue. This order adds to the company's order book and provides revenue visibility.
