The company is an infrastructure engineering and EPC company focused primarily on water infrastructure, irrigation and related civil construction projects. The company undertakes projects involving irrigation systems, water-resource infrastructure and other government-backed infrastructure development.
The shares of LCC Projects are currently trading at Rs. 148.08, up by 2.67%. The company has a market capitalization of Rs. 4,287.42 crore. The stock’s 52 week high is Rs. 189.00 and its 52 week low is Rs. 140.57. After the launch of the ipo i had given a listing gains of 29.45%.
What’s The News
LCC Projects Limited has been identified as the lowest bidder (L-1) for the construction of Chhoti Kalisindh Medium Irrigation Project in Rajasthan. This project has been allotted through Chief Engineer, Water Resources Zone, Kota, Rajasthan and has an approximate value of contract as Rs. 653.34 crore, inclusive of GST.
This project will be implemented on a single responsibility EPC turnkey basis, where the company would take care of engineering, procurement and construction activities related to the project. The project is expected to be completed within 36 months from the date of effective contract.
Chhoti Kalisindh Irrigation Project Details
LCC Projects Limited has come up as the L-1 bidder for the Chhoti Kalisindh Medium Irrigation Project, Tehsil Gangdhar, Jhalawar District, Rajasthan. The project entails construction works related to Chhoti Kalisindh and Chahurni Rivers and carries a total contract value of Rs. 653.34 crore, inclusive of GST.
The execution of the project shall be done on the EPC Turnkey mode and entails the development of pressurized sprinkler irrigation system along with solar power system. The inclusion of solar power in the irrigation system would cater to the power requirements of the irrigation system while sprinkling water through sprinklers. The award of the project has been done by the Chief Engineer, Water Resources Zone, Kota and has a total execution period of 36 months.
Order Book Context
The new project can be seen as important relative to the existing order book of LCC Projects. The existing order book of the firm stood at around Rs. 7,953.18 crore as on March 31, 2026, which included 103 projects spread out over 12 states. If the L-1 bid turns into an awarded contract, then the Rs. 653.34 crore project would constitute about 8.2% of the March 2026 order book.
Thus, the new project has been added to the existing execution pipeline of the firm, especially since water and irrigation projects form the core area of their business. However, at this point of time, the firm is only at the L-1 stage.
Investor Perspective
The emergence as L-1 bidder for the Rs. 653.34 crore Chhoti Kalisindh irrigation project provides another potential addition to LCC Projects’ project pipeline. The 36-month execution period would spread the work across multiple financial years, subject to the final contract award and commencement of execution.
For investors, the key factors to track will be the conversion of the L-1 position into a final award, commencement of the project, execution pace, working-capital requirements and margins. Since the project is structured as a turnkey EPC contract, timely execution and cost control will be important for determining its eventual contribution to the company’s financial performance.
Financial Performance
Looking at the financial performance of LCC Projects Limited, the company’s consolidated revenue from operations increased to Rs. 3,600.25 crore in FY26, compared with Rs. 2,918 crore in FY25, registering growth of around 23.38 percent YoY. The company’s operating profit stood at approximately Rs. 482 crore, compared with Rs. 378 crore in FY25, while its operating profit margin remained at around 13 percent.
In FY26, LCC Projects’ consolidated net profit stood at Rs. 286 crore, compared with Rs. 224 crore in FY25, registering growth of around 27.68 percent YoY. Profit before tax increased to approximately Rs. 378 crore, compared with Rs. 294 crore in the previous financial year.
The company’s FY26 EBITDA stood at around Rs. 520 crore, with an EBITDA margin of approximately 14.44 percent, while its total debt stood at around Rs. 860.65 crore at the end of FY26. The company also reported an improvement in operating cash generation, with cash flow from operating activities at approximately Rs. 158 crore during FY26.
Company Overview
LCC Projects Limited is an infrastructure engineering and EPC company focused primarily on water infrastructure, irrigation and related civil construction projects. The company undertakes projects involving irrigation systems, water-resource infrastructure and other government-backed infrastructure development.
Its project portfolio includes large irrigation and water-management contracts across multiple Indian states. The company was recently listed on the Indian stock exchanges following its Rs. 427.14 crore IPO in September 2026.