Capacit'e bags ₹482 cr repeat order for Mumbai high-rise
The civil works contract from Twenty-Five Downtown Realty is about 18% of FY26 revenue and comes on top of a ₹589 cr Raymond order won earlier in June.
— 10 earlier stories on Capacit'e Infraprojects Ltd. →What's new
- Capacit'e wins ₹482 cr order from an existing client for a super high-rise in Mahalaxmi.
- The contract covers civil works and finishes for Tower T5, including basements and clubhouse.
- This is a repeat mandate reinforcing the company's execution credentials in premium high-rises.
Why this matters
At roughly 18% of FY26 revenue, this single order is highly material for Capacit'e. Combined with the ₹589 cr Raymond contract secured earlier in June, the order book is swelling, offering 24-30 months of revenue visibility. Yet the company recently cut its FY27 EBITDA margin guidance to 15.5-16.5%, making disciplined execution the real test.
What we're watching
- Conversion pace: how quickly the order contributes to revenue.
- Whether more repeat mandates emerge from existing clients.
- Margin trajectory amidst rising scale and fixed-cost absorption.
The full read
Capacit'e has landed a ₹482 crore repeat mandate. The client, Twenty-Five Downtown Realty, is an existing one, and the project is a super high-rise in Mumbai's Mahalaxmi. This single contract equals roughly 18% of FY26 revenue and a quarter of the company's market cap. Combine it with the ₹589 crore Raymond deal from June, and the backlog is strong, offering 24-30 months of work. Yet in May, management trimmed FY27 EBITDA margin guidance to 15.5-16.5%, down from earlier targets. Winning orders is one thing. Delivering them profitably is another. For a micro-cap with an ROE of 11.8% and debt-to-equity of 0.24, the balance sheet is fine. But margin discipline, not order flow, is the real test.
Questions answered
- What exactly is the project that Capacit'e will execute?
- It is a super high-rise residential tower named Tower T5 at Twenty-Five Downtown Realty's project in Mahalaxmi, Mumbai. The scope includes civil works, basements, podium, clubhouse, and upper floors.
- How big is this order compared to Capacit'e's size?
- The ₹482 cr contract equals about 18% of the company's FY26 consolidated revenue of ₹2,622.72 cr and roughly 24.7% of its market cap at the time of the order.
- Is this a new client for Capacit'e?
- No, it is a repeat order from an existing client, which underscores the company's established relationship and reputation in the premium high-rise segment.
- What other large orders has Capacit'e won recently?
- Earlier in June 2026, the company secured a ₹589 cr civil contract from Raymond Realty's subsidiary, which was its biggest single mandate to date.
- What are the margin pressures the company faces?
- During its May 2026 concall, Capacit'e revised its FY27 EBITDA margin guidance down to 15.5-16.5%, citing cost pressures, down from earlier targets.
- How does this order impact revenue visibility?
- The order provides revenue visibility over the next 24-30 months, strengthening the order backlog and potentially altering near-term growth estimates.
Capacit'e Infraprojects Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on CAPACITE →- 14 Jul 2026 · 6:58 PM IST Capacit'e bags ₹482 cr repeat order for Mumbai high-rise
- 32d ago Capacit'e Infra eyes ₹55 cr via NCDs, board meets June 17
- 41d ago Capacit'e lands ₹589 cr Raymond job, its biggest single mandate
- 50d ago Capacit'e transcript restates known guidance cuts; no new signal.
- 54d ago Capacit'e Infra's FY26 results: no surprises, same old qualifications