ABINFRA - A B Infrabuild
📢 Recent Corporate Announcements
A B Infrabuild Limited has secured a significant domestic contract from East Coast Railways valued at approximately ₹66.96 crore. The project involves the construction of a Road Over Bridge (ROB) between Icchapuram and Jhadupudi Railway Stations under the Khurdha Road Division. The company is mandated to complete the project within a 24-month timeframe. This win reinforces the company's expertise in railway infrastructure and provides clear revenue visibility for the next two fiscal years.
- Total contract value is ₹66,96,24,916.57 for railway infrastructure works
- Awarded by East Coast Railways, Indian Railways, for construction of a Road Over Bridge (ROB)
- Project execution timeline is set for 24 months
- The scope includes construction of composite and T-beam girders at specific railway chainages
A B Infrabuild Limited has officially released its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the results in a meeting held on February 13, 2026, which concluded at 2:30 p.m. The independent auditor's report by Bhuwania & Agrawal Associates issued a clean limited review, confirming compliance with Indian Accounting Standards (Ind AS 34). While the specific financial figures were not detailed in the cover letter, the filing confirms the company's adherence to SEBI regulatory timelines.
- Board approved unaudited financial results for the quarter and nine months ended December 31, 2025.
- Independent Auditor's Review Report issued with no material misstatements or qualifications.
- Financials prepared in accordance with Ind AS 34 and SEBI (LODR) Regulations, 2015.
- The board meeting was conducted between 1:00 p.m. and 2:30 p.m. on February 13, 2026.
A B Infrabuild Limited has received a Letter of Acceptance from East Coast Railways for a new infrastructure project. The contract involves the construction of a Road Over Bridge (ROB) and associated works like approach roads and drainage systems in the Khurda Road Division. The total value of the order is approximately ₹48.58 crore, providing significant revenue visibility for the company. The project is scheduled to be completed within a timeframe of 24 months.
- Awarded a contract worth ₹48.58 crore by East Coast Railways, Indian Railways.
- Project involves construction of a Road Over Bridge (ROB) with composite and T-Beam girders.
- The scope includes allied works such as approach roads, RE walls, service roads, and drains.
- The execution period for the entire project is set at 24 months.
- The project is located between IPM-JPI stations on the KUR-PSA Main Line.
A B Infrabuild Limited has been awarded a significant domestic contract by East Coast Railways, Indian Railways. The project involves the construction of a Road Over Bridge (ROB) between Sompeta and Baruva Railway Stations under the Khurdha Road Division. Valued at approximately ₹51.80 Crore, this contract strengthens the company's order book in the specialized infrastructure segment. The project is expected to be completed within a 24-month period, providing revenue visibility for the next two fiscal years.
- Awarded a contract worth ₹51,79,91,304 from East Coast Railways
- Project involves construction of a Road Over Bridge (ROB) at Rly km 649/11-13
- Execution timeline for the entire project is set at 24 months
- Technical scope includes 1x36.0m and 2x24.0m Composite Girders plus 4x18.75m T-Beam Girders
A B Infrabuild Limited has been awarded a domestic contract worth approximately ₹55.26 crore by East Coast Railways. The project involves the construction of a Road Over Bridge (ROB) in the Khurda Road Division, specifically between Jhadupudi and Sompeta Railway stations. The company is expected to complete the project within a 24-month timeframe. This new order strengthens the company's infrastructure portfolio and provides revenue visibility for the next two fiscal years.
- Total contract value is ₹55,26,31,365.74 (approx. ₹55.26 Crores)
- Project awarded by East Coast Railways, Indian Railways, for construction of a Road Over Bridge
- Execution timeline for the project is 24 months
- Project includes construction of composite and RCCT-Beam girders at Rly. Km. 641/19-21
A B Infrabuild Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ending December 31, 2025. The company's Registrar and Transfer Agent, Bigshare Services Private Limited, confirmed that no requests for dematerialization or rematerialization were received during this quarter. This is primarily because the company's entire shareholding is already maintained in dematerialized form. This filing is a standard procedural requirement for all listed entities in India.
- Compliance certificate filed for the quarter ended December 31, 2025.
- RTA Bigshare Services confirmed zero requests for demat or remat of shares.
- 100% of the company's shares are currently held in electronic (demat) form.
- The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
A B Infrabuild Limited has secured a new contract from East Coast Railways for the construction of a Road Over Bridge (ROB) on the HWH-VSKP Main Line. The project, valued at approximately ₹54.26 Crore, involves the construction of composite and T-beam girders. This domestic order is scheduled for completion within a 24-month period. The win reinforces the company's presence in the railway infrastructure segment.
- Awarded a ₹54.26 Crore contract by East Coast Railways for bridge construction.
- Project involves building a Road Over Bridge (ROB) with composite and T-beam girders.
- Execution timeline for the project is 24 months from the date of acceptance.
- The contract is located in the Khurdha Road Division on the HWH-VSKP Main Line.
A B Infrabuild Limited has been awarded a new contract by the M.P. Road Development Corporation Ltd for road infrastructure work. The project involves constructing additional lanes for truck parking and lay byes on the NH-30 stretch in Madhya Pradesh. Valued at Rs 10.75 crore, the contract will be executed on an EPC (Engineering, Procurement, and Construction) basis. The project is expected to be completed within a short timeframe of 9 months, which could lead to rapid revenue recognition.
- New project award worth Rs 10.75 crore from M.P. Road Development Corporation Ltd.
- Project involves construction of truck parking lanes on the Mangawan to MP-UP border section of NH-30.
- Execution timeline is set at 9 months, indicating a fast-track project cycle.
- The contract is awarded on an EPC mode, ensuring the company handles design and construction.
- No promoter or group company interest involved, ensuring a standard commercial transaction.
A B Infrabuild Limited has been awarded a new domestic contract worth Rs 10.75 crore by the M.P. Road Development Corporation Ltd. The project involves the construction of additional lanes for truck parking and lay byes on the Sohagi Ghat stretch of NH-30. This project will be executed under the EPC (Engineering, Procurement, and Construction) mode. The company is expected to complete the project within a relatively short timeframe of 9 months.
- Total contract value is Rs 10.75 crore (Ten Crore Seventy-Five Lakh Only).
- Project awarded by M.P. Road Development Corporation Ltd for work on NH-30.
- Execution timeline is set for 9 months from the date of commencement.
- The contract is for the construction of truck parking/lay byes in the Sohagi Ghat stretch.
- The project is a domestic order and involves no related party transactions.
A B Infrabuild Limited has announced the closure of its trading window starting January 1, 2025, for the quarter ending December 31, 2025. This closure is mandatory under SEBI (Prohibition of Insider Trading) Regulations to prevent insider trading before financial results are public. The window will remain closed for all designated persons and their immediate relatives. It will reopen 48 hours after the financial results are officially declared and submitted to the exchanges.
- Trading window closure begins on January 1, 2025.
- Relates to the finalization of financial results for the quarter ending December 31, 2025.
- Reopening scheduled 48 hours after the results are disseminated to the stock exchanges.
A B Infrabuild Limited has received a Letter of Acceptance from East Coast Railways for a significant infrastructure project. The contract involves the construction of a Road Over Bridge (ROB) on the HWH-VSKP main line under the Khurdha Road division. Valued at approximately ₹52.08 Crores, the project is scheduled to be completed within a 24-month timeframe. This order strengthens the company's presence in the railway infrastructure sector and adds to its revenue visibility.
- Awarded a domestic contract worth ₹52,08,33,449.63 from East Coast Railways.
- Project involves construction of a Road Over Bridge (ROB) with composite and T-Beam girders.
- The execution period for the entire project is set at 24 months.
- The contract was secured through a competitive tender process with no promoter interest involved.
Financial Performance
Revenue Growth by Segment
The company operates as a single segment in infrastructure. Total revenue grew by 50.2% YoY to INR 183.61 Cr in FY2024 from INR 122.21 Cr in FY2023. For the half-year ended September 30, 2025 (H1 FY26), the company recorded a total income of INR 99.58 Cr.
Geographic Revenue Split
Revenue is heavily concentrated in the Mumbai region, particularly through projects for the Municipal Corporation of Greater Mumbai (MCGM). Approximately 63% of the current order book is from government sector projects, with a significant focus on the Mumbai location.
Profitability Margins
Operating Profit Margin improved to 14.12% in FY2025 from 11.64% in FY2024, a 21.33% increase. Net Profit Margin rose to 7.74% in FY2025 from 6.21% in FY2024, representing a 24.68% improvement due to better project execution and cost management.
EBITDA Margin
Operating margins are expected to remain in the steady range of 10-11% over the medium term. The recent spike to 14.12% in FY2025 reflects high-margin contract execution, though long-term stability is projected at lower levels.
Capital Expenditure
Property, Plant, and Equipment stood at INR 37.15 Cr as of September 30, 2025, compared to INR 36.02 Cr as of March 31, 2025. Capital Work In Progress was INR 32.94 Cr as of March 31, 2025, but was not reported as a separate line item in the September 2025 unaudited results.
Credit Rating & Borrowing
The company holds a long-term rating of 'ACUITÉ BBB-' and a short-term rating of 'ACUITÉ A3' with a 'Positive' outlook. Interest Coverage Ratio improved to 5.46 times in FY2025 from 4.58 times in FY2024, indicating strong ability to service debt despite an increase in total borrowings.
Operational Drivers
Raw Materials
Specific raw material names and their percentage of total cost are not disclosed in available documents, though infrastructure projects typically involve steel, cement, and aggregates.
Capacity Expansion
The company's capacity is measured by its order book, which grew to INR 846.75 Cr as of April 20, 2025, from INR 313 Cr in September 2023, representing a 170% increase in project pipeline capacity.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but the company manages costs through arm's length related party transactions and ordinary course procurement.
Manufacturing Efficiency
Revenue grew at a CAGR of 69% over the two years ending FY2024, driven by timely execution of projects and rising order book utilization.
Strategic Growth
Expected Growth Rate
25%
Growth Strategy
Growth will be achieved by diversifying the revenue profile into road projects in Gujarat and Uttar Pradesh and entering the private residential sector. The company is leveraging its strong resource mobilization ability, including a recent rights issue in FY2026 and banking limit enhancements, to fund larger projects.
Products & Services
Civil construction services, railway station development, foot over bridges (FOBs), and infrastructure projects for municipal corporations and government bodies.
Brand Portfolio
A B Infrabuild Limited (ABINFRA).
New Products/Services
Expansion into road construction projects in new geographies (Gujarat, UP) and private residential development projects.
Market Expansion
Targeting geographic expansion beyond Maharashtra into Gujarat and Uttar Pradesh to mitigate regional concentration risks.
External Factors
Industry Trends
The industry is seeing a shift toward large-scale government-funded infrastructure (Railways, Roads). ABINFRA is positioning itself by diversifying from municipal civil works into specialized railway and road developments.
Competitive Landscape
Competes with other civil construction firms for government tenders, primarily in the Mumbai Metropolitan Region.
Competitive Moat
The company's moat is built on its long operational track record and the experience of its promoters in executing complex civil projects for MCGM and Railways. This is sustainable due to the high entry barriers in government contracting and pre-qualification requirements.
Macro Economic Sensitivity
Highly sensitive to government infrastructure spending and fiscal policies. Large-scale projects require substantial upfront investment, making the company sensitive to credit availability and interest rate fluctuations.
Consumer Behavior
Not applicable as the company primarily serves government and institutional clients.
Geopolitical Risks
Global disruptions are noted as a threat that can impact supply chains and increase material costs, potentially affecting project timelines and profitability.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013, SEBI (LODR) Regulations 2015, and specific sector regulations for Railways and Road construction. Compliance with Section 188 for Related Party Transactions is strictly monitored.
Environmental Compliance
Environmental compliance is identified as a risk factor that can cause project delays, though specific ESG spending figures are not provided.
Taxation Policy Impact
The company follows Indian Accounting Standards (Ind AS) and relevant provisions of the Companies Act, 2013. Specific tax rate percentages are not disclosed.
Legal Contingencies
The company maintains internal controls to prevent fraud and irregularities. No specific pending court case values in INR were disclosed in the provided documents.
Risk Analysis
Key Uncertainties
Key risks include sectoral concentration in Railways (61% of govt orders) and geographic concentration in Mumbai. Any change in state policy could significantly impact operations.
Geographic Concentration Risk
High concentration in Mumbai and Maharashtra, though diversification into Gujarat and UP is underway.
Third Party Dependencies
Dependency on government bodies (MCGM, Railways) for 63% of the order book, making revenue vulnerable to government budget reallocations.
Technology Obsolescence Risk
Low risk as civil construction relies on established engineering practices, though the company is adopting Ind AS 34 for better financial reporting transparency.
Credit & Counterparty Risk
Credit risk is mitigated by dealing with government entities, though working capital intensity remains high with a Debtors Turnover of 5.85.