Likhitha Infrastructure Capex and Order Book: ₹1,454 Crore Order Book Supports Future Growth
Likhitha Infrastructure Limited has highlighted a strong order pipeline and its future growth opportunities in its Q1 FY27 Investor Presentation dated August 27, 2026. The company, which provides oil and gas pipeline infrastructure services across India and overseas, reported an outstanding order book of approximately ₹1,454 crore as of June 30, 2026.
The order book provides visibility for future execution across city gas distribution, cross-country pipelines, operation and maintenance services, tankage and international projects.
₹1,454 Crore Outstanding Order Book
Likhitha Infrastructure’s order book stood at approximately ₹1,454 crore as of June 30, 2026. The order pipeline covers projects across multiple segments of oil and gas infrastructure, including City Gas Distribution (CGD), Cross Country Pipeline (CCP), O&M services and tankage construction.
The company has an extensive execution footprint, with ongoing projects across states including Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Tamil Nadu, Tripura, Uttar Pradesh and West Bengal.
International Order Adds to Growth Visibility
A major milestone highlighted by Likhitha Infrastructure is its ₹510 crore international order, equivalent to approximately US$54 million, secured from CPECC-Abu Dhabi in 2026.
The company has been expanding its international presence after establishing a joint venture in Saudi Arabia in 2023 and registering a branch office in Abu Dhabi, UAE, in 2024.
The international expansion provides Likhitha with an opportunity to participate in oil and gas pipeline infrastructure projects beyond India and diversify its project execution base.
Capex Strategy and Future Investment
Likhitha Infrastructure’s business model is primarily focused on project execution rather than heavy manufacturing, which allows the company to operate with comparatively limited capital intensity. Its future investment requirements are therefore expected to be aligned largely with project execution capabilities, equipment, manpower, logistics and operational infrastructure.
The company’s growth strategy is centred on executing its existing order book, securing new domestic and international projects and expanding its capabilities in oil and gas infrastructure. As the order pipeline grows, investment in project-related equipment and execution infrastructure can support higher project throughput.
The company is also focused on maintaining its presence across multiple states and expanding internationally, particularly in markets such as the Middle East.
Focus on City Gas Distribution Projects
City Gas Distribution remains an important business opportunity for Likhitha Infrastructure. The company undertakes the laying of steel and MDPE pipelines for domestic, commercial, and industrial consumers, along with last-mile connections and CNG stations.
The expansion of gas distribution networks can provide opportunities for pipeline infrastructure contractors as new connections and associated infrastructure are developed across cities and emerging markets.
Cross-Country Pipeline Projects
Likhitha also undertakes large-scale Cross Country Pipeline (CCP) projects involving pipeline laying, piping, civil works, electrical and instrumentation activities.
The company completed its first 50-km-long cross-country pipeline project in 2015 and subsequently secured its first ₹100 crore cross-country pipeline project in 2018.
Its experience in executing large pipeline projects positions the company to participate in larger infrastructure opportunities as India’s energy infrastructure continues to develop.
O&M Business Provides Recurring Opportunities
Apart from project execution, Likhitha Infrastructure provides Operation & Maintenance (O&M) services.
The O&M business includes skilled manpower deployment, emergency repairs, overhauling, scheduled maintenance, and operation of pipeline networks.
This segment can complement the company’s project business by providing opportunities beyond the initial construction phase and supporting longer-term relationships with customers.
Tankage Construction Adds Another Revenue Stream
Likhitha also operates in tankage construction, including fuel depots and storage tanks along with combined station works.
The scope includes mechanical, instrumentation, electrical and civil works as well as fire and gas systems and other associated facilities.
This provides the company with another avenue to participate in broader oil and gas infrastructure projects.
Pan-India Execution Capability
Likhitha Infrastructure has established a presence across 20 states and two Union Territories. The company’s ongoing and completed project footprint demonstrates its ability to execute projects across different regions.
The broad geographical presence can help the company participate in multiple tenders and reduce dependence on a single region or project category.
Q1 FY27 Financial Performance
Despite the sizeable order book, Likhitha Infrastructure reported a weaker financial performance in Q1 FY27 compared with the corresponding quarter of the previous year.
Standalone revenue from operations declined to ₹85.06 crore in Q1 FY27 from ₹122.41 crore in Q1 FY26, a decline of approximately 30.5%.
EBITDA declined to ₹12.34 crore from ₹20.54 crore, while EBITDA margin stood at 14.27% compared with 16.60% in the year-ago quarter.
Profit after tax declined to ₹7.34 crore from ₹13.91 crore.
The performance indicates that converting the existing order book into revenue and improving project execution will remain important for the company’s near-term financial performance.
FY26 Performance
For FY26, standalone revenue from operations stood at ₹456.73 crore, compared with ₹512.22 crore in FY25.
EBITDA declined to ₹62.46 crore from ₹100.35 crore, while PAT stood at ₹40.02 crore compared with ₹69.37 crore in FY25.
The company’s FY26 EBITDA margin was 13.56%, compared with 19.38% in FY25.
Therefore, improving execution efficiency, project margins, and order conversion will be key factors to watch as the company moves forward.
Future Growth Plans
Likhitha Infrastructure’s future growth strategy is built around expanding its presence in India’s oil and gas pipeline infrastructure sector while increasing its international footprint.
The company’s key growth priorities include:
- Executing the existing ₹1,454 crore order book
- Winning new domestic pipeline projects
- Expanding City Gas Distribution opportunities
- Participating in large Cross Country Pipeline projects
- Growing O&M services
- Expanding tankage and associated infrastructure capabilities
- Increasing international operations
- Leveraging its Abu Dhabi presence for Middle East opportunities
The ₹510 crore Abu Dhabi order is particularly important because it demonstrates the company’s ability to secure sizeable international contracts.
Order Book Provides Revenue Visibility
The approximately ₹1,454 crore order book as of June 30, 2026 represents a significant project pipeline compared with the company’s FY26 standalone revenue of ₹456.73 crore. However, the actual pace at which this order book translates into revenue and profits will depend on project execution schedules, work-order releases, project completion timelines, costs and margins.
For investors, monitoring order inflows, order-book execution, revenue conversion, EBITDA margins, working capital and international project progress will therefore be important.
Conclusion
Likhitha Infrastructure enters FY27 with a sizeable ₹1,454 crore outstanding order book and an expanding international presence. The company’s ₹510 crore Abu Dhabi order further strengthens its overseas growth opportunity, while its established capabilities in CGD, cross-country pipelines, O&M and tankage provide multiple avenues for future business.
At the same time, Q1 FY27 financial results were weaker than the year-ago period, making order execution and margin recovery important for the company’s next phase of growth. If Likhitha can successfully convert its order pipeline into revenue while maintaining project profitability and controlling capital requirements, the existing order book could provide a meaningful foundation for future growth.
Disclaimer
This article is based on information provided in Likhitha Infrastructure Limited’s Q1 FY27 Investor Presentation dated August 27, 2026. The order book, plans, and other business expectations are subject to execution risks, project timelines, costs, government policies, and market conditions. This article is for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security.