Krystal Integrated Services Ltd experienced a significant 7% surge in its stock price after securing three major waste management contracts worth ₹275 crores from Vasai Virar City Municipal Corporation. The stock hit an intraday high of ₹668, rising from the previous close of ₹624, reflecting strong investor confidence in the company's expanded order book.

Contract Details and Scope

The company announced securing three long-term municipal solid waste management contracts from Vasai Virar City Municipal Corporation covering Prabhag C, F, and G. Each contract spans a five-year period and encompasses comprehensive waste management services including door-to-door waste collection, segregation, street cleaning, and transportation in compliance with Solid Waste Management Rules, 2016.

Market Performance and Valuation

With a market capitalization of ₹863 crores, Krystal Integrated Services currently trades at a PE ratio of 15, significantly lower than the industry average of 23. The substantial contract wins provide long-term revenue visibility and reinforce the company's leadership position in urban sanitation and municipal waste management services across Maharashtra.

As of Q2FY26, the company maintained a robust order book of ₹2,600 crores, demonstrating strong business momentum and future revenue security.

Business Diversification and Revenue Mix

Krystal Integrated Services operates as a diversified facility management company with revenue streams across multiple sectors. The company's revenue composition as per latest quarterly reports shows:

Recent Financial Performance

The company's recent financial results show mixed performance across different quarters. In Q2FY26, revenue declined marginally by less than 1% year-on-year, dropping from ₹246 crores in Q2FY25 to ₹244 crores. Quarter-on-quarter revenue fell 14% from ₹285 crores in Q1FY26.

Despite recent quarterly fluctuations, the company demonstrates strong long-term growth with a 3-year profit CAGR of 32% and sales CAGR of 28%.

Company Background

Incorporated in 2000 and headquartered in Mumbai, Krystal Integrated Services Ltd operates as one of India's fastest-growing Integrated Facility Management Services companies. With over 25 years of industry experience, the company delivers sustainable, technology-driven facility management solutions across healthcare, education, infrastructure, and waste management sectors. The company's notable client portfolio includes Jaguar, D Mart, Big Basket, and Domino's Pizza.

Krystal Integrated Services Limited has announced securing a major municipal solid waste management contract worth approximately ₹81 crores from Vasai Virar City Municipal Corporation. The 5-year contract represents a significant business development for the company in the waste management sector.

Contract Details and Scope

The work order, numbered V.V.S.M. GN /1987/2026 and dated January 09, 2026, was received by the company on January 12, 2026. The comprehensive contract covers multiple waste management services for Prabhag "G" area.

Service Components

The contract encompasses a wide range of municipal solid waste management services designed to ensure comprehensive waste handling and environmental compliance. The services include:

• Door-to-door collection of municipal solid waste
• Segregation of collected waste materials
• Transportation of waste to designated locations
• Street cleaning operations
• Compliance with Solid Waste Management Rules 2016

Business and Regulatory Context

The contract has been awarded as part of the company's ordinary course of business operations. The waste management services align with India's regulatory framework under the Solid Waste Management Rules 2016, ensuring environmental compliance and sustainable waste handling practices.

Corporate Disclosure

Krystal Integrated Services Limited made this announcement under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure confirms that neither promoters nor group companies have any interest in the awarding entity, and the contract does not constitute a related party transaction.

This contract award strengthens the company's position in the municipal waste management sector and demonstrates its capability to handle large-scale, long-term municipal service contracts.