Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹842Cr
Infra - Construction & Contracting
Rev Gr TTM
Revenue Growth TTM
-6.74%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

LIKHITHA
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 50.1 | 10.9 | 30.9 | 20.6 | 4.3 | 38.6 | 22.7 | 24.3 | 10.8 | -2.1 | -23.3 | -10.9 |
| 94 | 69 | 87 | 77 | 95 | 101 | 109 | 101 | 112 | 103 | 86 | 98 |
Operating Profit Operating ProfitCr |
| 20.0 | 23.2 | 19.8 | 23.5 | 22.4 | 19.4 | 18.1 | 19.4 | 17.7 | 15.6 | 16.2 | 12.3 |
Other Income Other IncomeCr | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 2 | 1 | 2 | 2 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
| 23 | 20 | 21 | 23 | 26 | 23 | 24 | 23 | 24 | 19 | 16 | 12 |
| 6 | 4 | 6 | 7 | 8 | 6 | 6 | 6 | 6 | 5 | 4 | 3 |
|
Growth YoY PAT Growth YoY% | 16.8 | 17.4 | 6.6 | 4.0 | 5.7 | 7.2 | 12.5 | 6.4 | -0.7 | -19.2 | -34.3 | -46.5 |
| 14.3 | 17.7 | 14.3 | 16.0 | 14.5 | 13.7 | 13.2 | 13.7 | 13.0 | 11.3 | 11.3 | 8.2 |
| 4.2 | 4.0 | 3.9 | 4.1 | 4.6 | 4.3 | 4.4 | 4.4 | 4.5 | 3.5 | 2.9 | 2.4 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 34.9 | 41.9 | 15.5 | 23.3 | -9.3 |
| 151 | 195 | 282 | 328 | 425 | 398 |
Operating Profit Operating ProfitCr |
| 20.6 | 24.2 | 22.8 | 22.2 | 18.4 | 15.6 |
Other Income Other IncomeCr | 2 | 4 | 4 | 5 | 5 | 4 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 2 | 4 | 5 | 8 | 6 | 6 |
| 38 | 61 | 81 | 90 | 94 | 70 |
| 9 | 15 | 21 | 24 | 24 | 18 |
|
| | 59.1 | 30.7 | 8.2 | 6.4 | -25.1 |
| 15.2 | 17.9 | 16.5 | 15.5 | 13.3 | 11.0 |
| 8.5 | 11.7 | 15.3 | 16.6 | 17.6 | 13.2 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 20 | 20 | 20 | 20 | 20 | 20 |
| 134 | 173 | 230 | 290 | 353 | 379 |
Current Liabilities Current LiabilitiesCr | 15 | 23 | 45 | 39 | 50 | 52 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 0 | 0 | 0 | 1 | 1 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 154 | 187 | 253 | 317 | 398 | 426 |
Non Current Assets Non Current AssetsCr | 15 | 29 | 43 | 33 | 28 | 27 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1 | 3 | 31 | 21 | 2 |
Investing Cash Flow Investing Cash FlowCr | -50 | 10 | -13 | 13 | 35 |
Financing Cash Flow Financing Cash FlowCr | 53 | -7 | -3 | -7 | -6 |
|
Free Cash Flow Free Cash FlowCr | -2 | -7 | 23 | 7 | -1 |
| 2.8 | 6.8 | 52.1 | 31.5 | 2.6 |
CFO To EBITDA CFO To EBITDA% | 2.1 | 5.0 | 37.8 | 22.0 | 1.9 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 630 | 571 | 930 | 916 | 1,066 |
Price To Earnings Price To Earnings | 21.7 | 12.4 | 15.6 | 14.0 | 15.4 |
Price To Sales Price To Sales | 3.3 | 2.2 | 2.5 | 2.2 | 2.0 |
Price To Book Price To Book | 4.1 | 3.0 | 3.7 | 3.0 | 2.9 |
| 15.6 | 8.8 | 10.3 | 8.8 | 10.3 |
Profitability Ratios Profitability Ratios |
| 80.7 | 89.0 | 89.0 | 89.2 | 92.0 |
| 20.6 | 24.2 | 22.8 | 22.2 | 18.4 |
| 15.2 | 17.9 | 16.5 | 15.5 | 13.3 |
| 25.4 | 32.2 | 32.9 | 29.4 | 25.4 |
| 18.9 | 23.9 | 24.1 | 21.1 | 18.6 |
| 17.2 | 21.3 | 20.4 | 18.6 | 16.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Likhitha Infrastructure Limited is a leading integrated service provider in India’s oil and gas pipeline infrastructure sector, with over **27 years of experience** since its inception in 1998. The company specializes in **cross-country pipelines (CCP)** and **city gas distribution (CGD) networks**, offering end-to-end turnkey solutions across the energy infrastructure value chain. It has emerged as one of the few Indian companies with expertise in both long-distance transmission and urban gas connectivity systems.
Listed on the **BSE and NSE since 2020**, Likhitha Infrastructure leverages its strong execution record, owned equipment fleet, and strategic client relationships to deliver high-quality, safe, and timely pipeline projects across **domestic and international markets**.
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### **Core Business Segments**
The company operates through three primary verticals:
1. **Pipeline Infrastructure Projects**
- **Cross-Country Pipelines (CCP):** Engineering, construction, and commissioning of long-distance steel pipelines for oil, gas, and LPG transmission.
- **City Gas Distribution (CGD):** Installation of **steel and MDPE pipelines**, last-mile connectivity, CNG stations, and PNG networks for domestic, commercial, and industrial consumers.
2. **Tankage & Terminal Projects**
- Design and construction of fuel depots, storage tanks, and associated civil, mechanical, electrical, and instrumentation (T&I) works.
3. **Operation & Maintenance (O&M) Services**
- Maintenance, emergency repairs, overhauls, and integrity management of operational pipeline networks and CGD infrastructure across India and Nepal.
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### **Key Achievements & Milestones**
- **First Transnational Petroleum Pipeline in South Asia:** Completed a **69 km** India-Nepal pipeline from Motihari to Amlekhganj in 2019—South-East Asia’s first cross-border hydrocarbon pipeline.
- **Pioneering Project Wins:**
- 902 km LPG pipeline for **IHB Limited (IOCL, HPCL, BPCL consortium)**.
- EPC tankage project for **NOCL Amlekhganj (MAPL Phase-II)**.
- Major cross-country projects for **GAIL, HPCL, and NRL**.
- **Technology & Equipment Edge:** Owns a robust fleet including **horizontal directional drilling (HDD) machines, pipelayers, welding units**, reducing rental dependency and improving cost efficiency.
- **Zero-Fatality Safety Record:** Maintains high safety standards supported by **digital monitoring systems** and integrated audits across 887+ employees.
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### **Geographic Footprint**
- **Domestic:** Operates in **20 Indian states and 2 Union Territories** (Delhi, Chandigarh), executing projects under the Petroleum and Natural Gas Regulatory Board (PNGRB) framework.
- **International Expansion:**
- **Saudi Arabia:** Established a **joint venture in 2023**, aligning with **Saudi Vision 2030**.
- **UAE (Abu Dhabi):** Opened a registered branch office in 2024, targeting growth under **UAE Net Zero 2050**.
- Projects executed in **Nepal**, reinforcing cross-border operational capability.
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### **Financial & Order Book Strength (as of March 2025)**
- **Robust Order Book:** ₹1,200 crore (down from ₹1,600 crore in FY24 due to execution), reflecting sustained demand in energy infrastructure.
- **Pipeline Execution:**
- Over **6,000 km** of oil and gas pipelines laid across India (including steel and MDPE).
- Approximately **1,000 km of ongoing pipeline projects**.
- **Revenue Growth (FY21):** 18.22% YoY increase to ₹190.62 Crores, with operating profit rising to ₹4,149.99 lakhs.
- **Capital Efficiency:** Focus on **high ROCE, positive operating cash flow**, and short debtor cycles.
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### **Key Clients**
Likhitha serves top-tier public and private players in India’s energy sector:
- **IHB Limited (IOCL, HPCL, BPCL)**
- **GAIL Gas Limited**
- **Indraprastha Gas Limited (IGL)**
- **HPCL, IOCL**
- **Indian Oil – Adani Gas Private Limited (IO-Adani JV)**
- **Green Gas Limited, Torrent Gas, AG&P**
These relationships underscore its credibility and position as a preferred execution partner.
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### **Management & Governance**
- **Founder & Managing Director:** **Mr. Srinivasa Rao Gaddipati** – Over **40 years of technical experience**, driving vision and operations.
- **CFO & Director:** **Mrs. Likhitha Gaddipati**, co-promoter, bringing financial and project management acumen.
- **Senior Leadership:** Includes industry veterans like **Mr. Pranab Chakraborty (VP, Oil & Gas)** with 35+ years of execution experience.
- **Chairman (Independent Director):** **Mr. Sivasankara Parameswara Kurup Pillai** – Renowned pioneer in India’s CGD sector with 40+ years in petrochemicals and pipelines.
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### **Sustainability & Innovation**
- **Digital Monitoring & Safety Systems:** Real-time tracking and automated safety audits.
- **Focus on Energy Transition:** Positioning to support India’s **gas-based economy** and **green hydrogen infrastructure**.
- **Environmental Compliance:** Adheres to international standards; holds **ISO 9001:2015 certification**.
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