Capacit’e Infraprojects touched a day high of Rs 231.50 on the NSE after securing a Rs 741 crore construction order from Mahindra Lifespace.

The order itself is a solid one. Capacit’e has received a Letter of Intent worth around Rs 741 crore, excluding GST, for core and shell construction work on two Mumbai projects, Mahindra Rainforest at Kanjurmarg and Mahindra Beacon Hill at Mahalaxmi.

The company clarified this was secured in the normal course of business, as part of its regular civil contracting operations.

It also confirmed that its promoters and promoter group have no interest in the awarding entities, so the deal isn’t classified as a related party transaction.

Managing Director Rahul Katyal called Mahindra Lifespace a marquee name in Indian real estate and said the order reflects the trust the company has built with major developers over time. This isn’t Capacit’e’s first big win this year either.

The company had already secured orders worth Rs 1,178 crore in the April to June quarter and another Rs 482 crore in the following quarter, taking its disclosed order book to around Rs 1,660 crore prior to this announcement.

That backlog gives the company close to 2.5 quarters of revenue visibility based on recent execution levels. On the financial side, Capacit’e’s annual revenue has grown steadily from Rs 1,353 crore in FY22 to Rs 2,643.60 crore in FY26.

Operating profit margins have stayed in the 15 to 16% range over the past few quarters, and the company generated Rs 223.30 crore in operating cash flow in FY26.

Despite the positive order news, the stock gave up its early gains as the day went on. As of 15:09 pm, Capacit’e Infraprojects shares were at Rs 223.67 on the NSE, down -1.63% for the day.

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