Conart Engineers lands a ₹15.41 cr civil contract in Vadodara
The order from Apothecon Pharmaceuticals is worth 23% of Conart's market cap and provides a year of revenue visibility.
— 2 earlier stories on Conart Engineers Ltd. →What's new
- Conart Engineers won a civil and structural construction order from Apothecon Pharmaceuticals.
- The project is located at the PO Dabhasa site in Vadodara, Gujarat.
- Execution is slated for completion within 12 months.
Why this matters
For a company with a market valuation of only ₹66 crore, a ₹15.41 crore order is a material shift in scale. It represents over 23% of the firm's total market value and provides a clear revenue runway for the next year.
What we're watching
- Whether the company can maintain margins on this project given the competitive nature of civil work.
- The pace of execution at the PO Dabhasa site over the coming quarters.
- Any further order wins in the industrial infrastructure segment.
The full read
Conart Engineers has locked in a ₹15.41 crore civil construction contract from Apothecon Pharmaceuticals. The project, located at the PO Dabhasa site in Vadodara, involves civil and structural work for the LVAPI-6 Services facility.
It is a massive win.
For a nano-cap firm valued at ₹66 crore, this contract represents more than 23% of the company's total market capitalization and provides a clear revenue stream for the next 12 months, which effectively secures a significant portion of its annual turnover and reinforces its footprint in the industrial infrastructure segment.
Questions answered
- What is the scope of the work Conart Engineers will perform?
- The contract covers civil and structural construction work for the LVAPI-6 Services facility owned by Apothecon Pharmaceuticals.
- How material is this order to Conart's current size?
- The ₹15.41 crore contract is worth more than 23% of the company's ₹66 crore market capitalization.
- What is the timeline for the project?
- Conart expects to execute the contract within a 12-month period.
- Does this order include GST?
- No, the ₹15.41 crore valuation excludes GST.
Conart Engineers Ltd.
Latest quarter · Mar 2026
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All notes on CONART →- 27 May 2026 · 2:52 PM IST Conart Engineers lands a ₹15.41 cr civil contract in Vadodara
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