Krystal lands ₹27.64 cr Andhra hostel cleaning deal
The two-year contract adds multi-year revenue visibility and covers 563 hostels across 13 districts. It follows a similar ₹24.38 cr order in June, showing consistent wins in government facility management.
— 1 earlier story on Krystal Integrated Services Ltd →What's new
- Krystal wins ₹27.64 cr cleaning contract from Andhra's BC Welfare Department.
- Contract covers 563 hostels over two academic years, with services for 10.5 months each year.
- Order adds to order book; no promoter or related party interest in the awarding entity.
Why this matters
At 3.3% of market cap, the order is material for a micro-cap firm and provides multi-year revenue visibility. It follows a ₹24.38 cr housekeeping deal in June, signaling consistent wins in government facility management. However, trailing revenue declined 11.7%, so execution is key to reversing the trend.
What we're watching
- Next similar orders from other state departments to gauge recurring government pipeline.
- Execution margins on cleaning contracts, which are typically low-margin but steady.
- Impact on quarterly revenue trajectory given the trailing decline.
The full read
Krystal Integrated Services has won a ₹27.64 crore cleaning and sanitation contract from the Andhra Pradesh BC Welfare Department, covering 563 hostels across 13 districts for two academic years. The order, awarded on July 2, 2026, is a routine facility management contract but materially significant — at 3.3% of market cap (₹839 cr), it exceeds the micro-cap disclosure threshold. This is the second such government win in a month, following a ₹24.38 cr housekeeping deal for Maharashtra Sadan. The streak suggests Krystal is deepening its footprint in state government outsourced services. Yet with trailing revenue down 11.7%, the order book additions must translate into reported revenue. The contract provides multi-year visibility, but the proof remains in execution.
Questions answered
- How does this order size compare to Krystal's revenue?
- The order value of ₹27.64 crore is about 1.9% of Krystal's trailing twelve-month revenue (estimated at ~₹1,460 crore based on Mar 2026 quarterly sales of ₹365 crore).
- What is the duration and scope of the contract?
- It is a two-year academic-year contract (10.5 months each year) for cleaning and sanitation at 563 BC Welfare hostels across thirteen districts in Andhra Pradesh.
- Is this contract related to the prior ₹24.38 crore order from Maharashtra Sadan?
- No, this is a separate order from the Andhra Pradesh BC Welfare Department. Both are facility management contracts in the ordinary course of business.
- What is the materiality of this order relative to the company's market cap?
- At ₹27.64 crore, it represents about 3.3% of Krystal's market capitalisation of ₹839 crore, exceeding the 1.5% materiality threshold for micro-cap companies.
- Does Krystal have any related party interest in the awarding entity?
- No, the filing confirms that no promoter or related party interest exists in the Director of Backward Classes Welfare Department, Andhra Pradesh.
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All notes on KRYSTAL →- 3 Jul 2026 · 11:17 AM IST Krystal lands ₹27.64 cr Andhra hostel cleaning deal
- 23d ago Krystal lands ₹24.38 cr housekeeping deal for Maharashtra Sadan