1. Opening Hook
Another day, another EPC company promising to change India’s infrastructure—this time wirelessly. While most EPC players are busy fighting receivables and praying for timely payments, Univastu casually drops a ₹392 Cr Mumbai Metro order from L&T like it’s a weekend update. Add Olympic-grade swimming pools, net-zero buildings, data centers, tunnels, and suddenly this isn’t your boring “cement-steel-labour” story anymore.
Management sounds confident, order book looks fat, and ambition clearly exceeds the current market cap. Of course, the stock price hasn’t moved—because markets love to wait till the party is overcrowded. The real fun starts when tech-heavy EPC meets government spending and sustainability buzzwords.
Read on—because somewhere between wireless BMS and Olympic pools, things actually get interesting.
2. At a Glance
- Order Book ₹1,053 Cr – Management says “healthy”; balance sheet nods silently.
- ₹392 Cr L&T Metro Order – Credentials finally paying rent.
- 70% Tech-based EPC – Less cement, more circuits.
- Net-Zero Revenue ~30% – ESG isn’t just a PPT slide here.
- FY26 Revenue Target ₹200 Cr – Confidence level: management++.
- FY27 Target ₹300 Cr – Optimism officially escalated.
3. Management’s Key Commentary
“Wireless BMS is the first in the world.”
(Translation: We hate cables and love IoT buzzwords 😏)
“All our projects have financial closure before execution.”
(Translation: We’ve
seen EPC horror stories. Not interested.)
“Order book has grown due to credentials and execution.”
(Translation: L&T didn’t trust us for fun.)
“70% of our EPC is tech-based.”
(Translation: Margins should behave better going ahead.)
“Myrtha Pools supplies all Olympic swimming pools globally.”
(Translation: Competition? Practically zero 🏊♂️)
“We don’t control share price, only performance.”
(Translation: Market, please wake up someday.)
“Net-zero and data centers are long-term focus areas.”
(Translation: EPC, but with future optionality.)
4. Numbers Decoded
Metric | Value/Comment
--------------------------|------------------------------
Order Book | ₹1,053 Cr (Standalone + JV)
Tech-based EPC Mix | ~70%
Traditional EPC | ~30%
FY26 Revenue Target | ₹200 Cr
FY27 Revenue Target | ₹300 Cr
PAT Margin Guidance | 9–11%
Execution Timeline | ~36 months
Net Worth (Group) | ~₹87 Cr
- Order book visibility finally matches management ambition.
- PAT margins guided higher as tech EPC share
