Mukul Agrawal Stock in Focus After Securing ₹589 Cr Order from Raymond Realty Group

Synopsis A Mumbai-based building contractor secures a repeat civil works mandate from a leading real estate group for a flagship residential project in Wadala.

Repeat orders are often read as a vote of confidence in a contractor’s execution track record. A mid-cap infrastructure company backed by ace investor Mukul Agrawal has added another large-ticket project to its order book, this time from a developer it has worked with before – signalling a deepening client relationship in Mumbai’s premium residential construction space. Mukul Agrawal holds a 6.2% stake in the company.

Shares of Capacite Infraprojects Limited, with a market capitalization of Rs. 1,903 crore, are trading at a price of Rs.222.02 i.e. 0.61% down from its previous closing price of Rs.223.4. It is trading at a P/E ratio of 9.8. 

Raymond Realty Renews Trust with a ₹589 Crore Civil Works Mandate

Capacitie Infraprojects Limited has received a Letter of Intent (LOI) from Ten X Realty East Limited, a subsidiary of Raymond Realty Limited, for civil core and shell works at “The Address by GS – Wadala,” located at Salt Pan Division, Shastri Nagar, Wadala, Sion (E), Mumbai. The total contract value stands at approximately ₹589 crore, excluding GST. The company confirmed the LOI does not involve any related party, as neither the promoters, promoter group, nor any group companies hold an interest in the issuing entity.

This is a repeat order from Raymond Realty, which the management highlighted as a key validation of Capacit’e’s execution capabilities. Managing Director Rahul Katyal said the repeat mandate reflects the trust clients place in the company and its track record of timely project delivery. The order adds to Capacit’e’s ongoing portfolio of high-rise and super high-rise residential projects across major Indian cities.

Financials Highlights

On the quarterly front, Capacite posted revenue of ₹712 crore in Q4 FY26, up from ₹671 crore in Q3 FY26 and ₹675 crore in Q4 FY25. Operating profit for Q4 FY26 stood at ₹109 crore, with an OPM of 15%. Net profit for the quarter came in at ₹45 crore, compared to ₹53 crore in Q3 FY26 and ₹52 crore in Q4 FY25.

For the full year FY26, Capacit’e reported consolidated revenue of ₹2,623 crore, up from ₹2,350 crore in FY25. Operating profit rose to ₹427 crore from ₹381 crore in the previous year, while OPM held steady at 16%. Net profit for FY26 came in at ₹193 crore, compared to ₹204 crore in FY25, with the tax rate rising to 25% from 23%.

About the Company 

Capacite Infraprojects Limited is a Mumbai-based building construction company specialising in high-rise and super high-rise residential, commercial, and institutional projects. It works with major real estate developers across India and offers end-to-end EPC services covering civil, structural, and finishing works.

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