Nacdac Infrastructure wins Rs 3.34 crore order from Godrej Properties
- Nacdac Infrastructure wins a confirmed Rs 3.342999 crore work order from Godrej Properties for civil infrastructure works.
- Execution timeline is set within 4 months, requiring focused resource allocation.
- Trailing twelve-month revenue is Rs 0.0 Cr, limiting traditional book-to-bill analysis.
- Promoter holding remains unchanged at 69.84%, indicating stable ownership structure.
- Order marks entry into private real estate segment, diversifying away from sole reliance on public sector clients.

*this image is generated using AI for illustrative purposes only.
Nacdac Infrastructure has won a confirmed work order worth Rs 3.342999 crore from Godrej Properties Limited. The contract covers site civil infrastructure works at the Godrej DMIC project, with an execution timeline of within 4 months.
ORDER IN FINANCIAL CONTEXT
The order value of Rs 3.342999 crore is significant relative to the company's current operational scale. However, financial context is constrained by the fact that the company reports Rs 0.0 Cr in trailing twelve-month revenue. Consequently, the book-to-bill ratio and order book coverage in quarters cannot be computed using pre-computed averages. This order marks a shift toward private real estate clients, complementing recent public sector wins.
COMPANY ORDER TRACK RECORD
Order inflow velocity appears stable with discrete wins across sectors. The current order size is consistent with the company's typical per-order magnitude visible in recent history.
| Quarter | Total Order Inflow (Rs Cr) | Key Awarding Entities |
|---|---|---|
| Q2FY27 (Jul-Sep 2026) | 6.22 | Northern Railway, Moradabad Division |
EXECUTION AND REVENUE QUALITY
The company reported zero revenue and zero net profit in the trailing twelve months, indicating a potential gap between order booking and revenue recognition or a seasonal execution cycle. Recent orders may translate into billable milestones in upcoming quarters.
| Quarter | Revenue (Rs Cr) | Net Profit (Rs Cr) | OPM (%) |
|---|---|---|---|
| TTM | 0.0 | 0.0 | 0.0% |
WORKING CAPITAL AND EXECUTION CAPACITY
Balance sheet and cashflow data are not available in the provided inputs to assess liquidity or working capital capacity. The ability to fund the advance costs for this 4-month project should be monitored through subsequent quarterly filings.
WHAT TO WATCH
- Execution rate: Monitor if the 4-month timeline leads to timely billing and cash collection.
- Client concentration: Assess if future orders continue to diversify beyond single-client dependencies.
- Revenue recognition: Watch for the first instance of revenue booking from these recent orders to validate the pipeline.
- Margin quality: Track operating profit margins on the Godrej Properties project compared to historical norms.
KEY OBSERVATIONS
- Client diversification: The awarding entity, Godrej Properties Limited, represents a private real estate client, differing from the Northern Railway win in Q2FY27.
- Valuation check (as of 10 Sep 2026): P/E of 5.7x against ROCE of 25.72%. At the time of this article, valuation was pricing in execution improvement not yet visible in return ratios. (P/E is price-derived and will change; ROCE is from audited financials)
Historical Stock Returns for NACDAC Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.76% | 0.0% | 0.0% | -8.23% | -26.91% | 0.0% |


































