NACDAC wins ₹6.22 cr Northern Railway contract
The order for Roorkee station upgrades is material for the nano-cap at roughly 10% of FY26 revenue and 25% of its market cap.
— 1 earlier story on NACDAC Infrastructure Ltd. →What's new
- Received Letter of Acceptance from Northern Railway for station improvement at Roorkee.
- Scope includes circulating area, facade, parking, platform, electrical substation, and parcel office.
- Contract to be executed over eight months.
Why this matters
For a nano-cap with a ₹24 cr market cap and trailing FY26 revenue of ₹63 cr, this single order adds meaningful near-term revenue visibility. It also strengthens NACDAC's credentials with a blue-chip government client, which could open the door to more railway work.
What we're watching
- Execution pace over the 8-month timeline; any delays could hit working capital.
- Whether Indian Railways issues follow-on contracts for other stations.
- Impact on the upcoming quarterly results, especially revenue recognition.
The full read
NACDAC Infrastructure has bagged a ₹6.22 cr contract from Northern Railway to upgrade Roorkee station. For a nano-cap with a ₹24 cr market cap and FY26 full-year revenue of ₹63.19 cr, this single order is worth about 10% of annual revenue and 25% of its market value. The 8-month project covers everything from parking and facade to an electrical substation. Indian Railways is a prestige client, and while the company labels the order 'routine', the scale relative to the business makes it anything but. Execution speed will be the key variable. If delivered on time, it provides a clear near-term revenue boost and could lead to more railway work. The stock's reaction will likely reflect the materiality of the win.
Questions answered
- What is the exact value of the contract?
- The contract is valued at ₹6.22 crore.
- How significant is this order relative to the company's size?
- It represents approximately 25% of NACDAC's ₹24 crore market cap and roughly 10% of its FY26 revenue of ₹63.19 crore.
- Which client awarded the contract?
- Northern Railway's Moradabad Division, a part of Indian Railways.
- What is the scope of work?
- Improvements to circulating area, facade, parking, platform, and construction of an electrical substation and parcel office with approach road at Roorkee station.
- What is the execution timeline?
- The work is to be executed over eight months.
- Is this a routine order for a company of this size?
- For a nano-cap with ₹63 cr annual revenue, a ₹6.22 cr order is materially significant and far from routine, despite standard disclaimers.
NACDAC Infrastructure Ltd.
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All notes on NACDAC →- 1 Jul 2026 · 1:12 PM IST NACDAC wins ₹6.22 cr Northern Railway contract
- 45d ago NACDAC Infrastructure earns ₹4.43 cr profit on FY26 revenue of ₹63.19 cr