Waste management stock jumps 7% after receiving ₹275 Cr orders from Municipal Corporation

Synopsis: After receiving three 5 year waste management contracts from a Municipal Corporation, a micro cap company has a long term visibility of revenue, as the sum total of the the latest three orders are more than the company’s latest quarterly sales of Rs 244 Crores.

On Monday, a micro cap stock in the business of waste management apart from services in the healthcare, education, and infrastructure sector was in the spotlight as the company bagged 3 contract orders from the Vasai Virar City Municipal Corporation for waste management services.

With a market cap of Rs 863 Cr, Krystal Integrated Services Ltd saw its stock hit an intraday high of Rs 668 which is 7 percent higher than the previous close of Rs 624. The company is currently trading at a PE of 15 which is significantly lesser than the Industry PE of 23.

What’s the News?

On Monday Krystal Integrated Services announced that the company has further strengthened its order book by securing three long-term municipal solid waste management contracts from the Vasai Virar City Municipal Corporation for Prabhag “C”, “F”, and “G”. Each contract is awarded for a five-year period, covering door-to-door waste collection, segregation, street cleaning, and transportation in compliance with Solid Waste Management Rules, 2016. 

The individual contract values stand at approximately Rs 83 crore for Prabhag “C”, Rs 111 crore for Prabhag “F”, and Rs 81 crore for Prabhag “G”, respectively, taking the combined order value to nearly Rs 275 crore. All these are 5 year contracts, and provide revenue visibility along with reflecting Krystal’s leadership position in urban sanitation and municipal waste management services in Maharashtra.

As of Q2FY26 the company had a robust orderbook of Rs  2,600 Crore. The revenue mix according to the latest quarterly reports tells us that the company gets only 2 percent from Waste Management, while it gets 25 percent from healthcare, 25 percent from education, 6 percent from city infra work and the remaining 42 percent revenue comes from Manufacturing,  Retail and other works.

Business & Financial Overview

Incorporated in 2000 and headquartered in Mumbai, Krystal Integrated Services Ltd is one of India’s fastest-growing Integrated Facility Management Services (IFMS) companies. With over 25 years of industry experience, the company delivers sustainable, technology-driven facility management solutions across key sectors such as healthcare, education, infrastructure, and waste management. The company’s client list includes- Jaguar, D Mart, Big Basket, and Domino’s Pizza.

In the latest quarter Krystal Integrated Services Ltd saw its YoY revenue fall by less than a 1 percent, going from Rs 246 Cr in Q2FY25 to Rs 244 Cr in Q2FY26, while the QoQ fell by 14 percent from Rs 285 Cr in Q1FY26. The YoY Net Profits also fell by 14 percent, going from Rs 14 Cr in Q2FY25 to Rs 12 Cr in Q2FY26, while the QoQ fell by 20 percent from Rs 15 Cr in Q1FY26. The company has a 3 year profit CAGR of 32 percent, while sales CAGR for the same period is at 28 percent.

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