Krystal lands ₹24.38 cr housekeeping deal for Maharashtra Sadan
A four-year contract from a Maharashtra government body adds to an order book already north of ₹1,220 cr.
What's new
- Krystal won a 4-year contract for mechanized housekeeping and engineering at Maharashtra Sadan in Delhi.
- Order value is ₹24.38 cr, or about 3% of the company's ₹815 cr market cap.
- Adds to an existing standalone order book of over ₹1,220 cr.
Why this matters
This is a routine, bread-and-butter win. Krystal has recently landed much larger single orders, so this contract is a steady addition, not a headline event. The value is material relative to the micro-cap's market cap but small relative to the existing backlog.
What we're watching
- Execution pace on the new and larger recent wins of ₹275 cr and ₹364 cr.
- Whether this signals more state-government work in the pipeline.
- Order-book growth against the ₹1,220 cr baseline.
The full read
Krystal Integrated Services won a ₹24.38 crore contract from the Office of Resident Commissioner, Maharashtra Sadan. The deal covers mechanized housekeeping and engineering services at both the new and old Maharashtra Sadan buildings in New Delhi. It's a four-year contract. At roughly 3% of the company's ₹815 crore market cap, it clears the materiality threshold for a micro-cap. But the context matters more: Krystal's last reported order book was over ₹1,220 crore, and the firm has recently landed far larger individual wins, including a ₹275 crore and a ₹364 crore order. This is a routine facility-management contract from a domestic government entity, not a company-making deal. It does add to revenue visibility and keeps the order book growing.
Questions answered
- What services does the contract cover?
- Mechanized housekeeping and engineering services for both the new and old Maharashtra Sadan buildings in New Delhi.
- How significant is ₹24.38 cr relative to Krystal's order book?
- It's about 2% of the ₹1,220 cr standalone order book the company reported at its last earnings call, making it a modest addition.
- Who awarded the order and is there a related-party angle?
- The Office of Resident Commissioner, Maharashtra Sadan awarded the contract. The filing states there is no promoter or related-party interest in the awarding entity.
- How does this compare to Krystal's recent wins?
- This order is much smaller than the ₹275 cr and ₹364 cr contracts the company has recently announced, placing it in the routine-win category.