Synopsis: Sathlokhar Synergys E&C Global Limited disclosed three fresh order wins worth a combined Rs. 125.11 crore. With the company’s cumulative order intake for 2026 now at Rs. 1,097 crore, investors will be watching whether execution speed can keep pace with the scale of new additions.
Shares of a leading NSE SME-listed EPC contractor came into focus after the company filed a disclosure on April 1 announcing three separate order wins in a single intimation with clients spanning Tamil Nadu and Andhra Pradesh. The combined declared value stood at Rs. 125.11 crore, driven primarily by a Rs. 102.71 crore contract from a subsidiary of Reliance Industries Limited.
With a market capitalisation of Rs. 874.96 crore, the shares of Sathlokhar Synergys E&C Global Limited were trading at Rs. 336.8 per share, up 8.82 percent from its previous closing price of Rs. 309.5. It is trading at a P/E of 14.81.
Order Update
The headline contract worth Rs. 102.71 crore is for the execution of additional civil and Pre-Engineered Building (PEB) works at Brahmanapalli Village, Kurnool District, Andhra Pradesh, awarded by M/s. Reliance Consumer Products Limited, the entity behind Campa Cola beverages and a subsidiary of Reliance Industries. This is a repeat, incremental mandate at the same site, which implies the client has extended scope rather than brought in a new contractor. Completion is due by June 2026.
The second order, awarded by EDAC Engineering Limited of Tamil Nadu, covers civil, PEB, and MEP works at Minjur, Chennai, valued at Rs. 17.79 crore. It carries a longer runway to November 2026. The third contract (Rs. 4.61 crore from Anabond Limited) is for compound wall construction and civil earthworks at the APIC Industrial Park in Attivaram, Andhra Pradesh, to be completed by July 2026. All three are domestic mandates with no related-party overlap.
Order Book Context
The filing separately disclosed that the company’s total work order intake from January 1, 2026 to date spanning both orders under execution and those recently awarded stands at Rs. 1,097 crore, executable over the next three to ten months. Set against FY25 full-year revenue of Rs. 399 crore, the pipeline is roughly 2.7 times annual revenue. That ratio points to healthy revenue visibility for FY26, provided collections hold up. Debtor days stretched from 20 to 123 days in FY25, and free cash flow turned sharply negative at Rs. -97 crore for the year.
Business Overview
Sathlokhar Synergys E&C Global Limited, incorporated in 2013 and listed on the NSE SME platform, provides EPC services across industrial, warehousing, commercial, pharmaceutical, and infrastructure verticals, and also handles mechanical, electrical, and plumbing (MEP) installation.
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