Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹395Cr
Infra - Construction & Contracting
Rev Gr TTM
Revenue Growth TTM
-7.22%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

RPPINFRA
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% | 9.8 | 4.5 | 45.7 | 32.2 | 34.8 | 38.2 | 5.9 | 9.0 | -16.1 | 3.2 | -19.6 | 6.9 |
| 294 | 230 | 344 | 315 | 407 | 311 | 370 | 328 | 333 | 328 | 296 | 376 |
Operating Profit Operating ProfitCr |
| 3.7 | 5.5 | 7.5 | 3.4 | 1.1 | 7.4 | 6.1 | 7.5 | 3.7 | 5.5 | 6.4 | 1.0 |
Other Income Other IncomeCr | 15 | 6 | 6 | 15 | 23 | 4 | 8 | 6 | 2 | 2 | 4 | 3 |
Interest Expense Interest ExpenseCr | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 4 | 5 | 4 | 4 |
Depreciation DepreciationCr | 3 | 2 | 2 | 2 | 4 | 2 | 2 | 3 | 2 | 2 | 2 | 2 |
| 21 | 15 | 29 | 21 | 20 | 24 | 27 | 27 | 8 | 15 | 18 | 2 |
| 5 | 4 | 12 | 5 | 6 | 7 | 8 | 8 | -3 | 4 | 5 | 1 |
|
Growth YoY PAT Growth YoY% | 270.1 | 190.0 | 873.1 | 111.7 | -15.0 | 58.1 | 11.1 | 17.1 | -14.3 | -34.3 | -27.0 | -96.5 |
| 5.2 | 4.3 | 4.6 | 5.0 | 3.3 | 4.9 | 4.8 | 5.3 | 3.4 | 3.1 | 4.4 | 0.2 |
| 4.3 | 2.8 | 4.5 | 4.3 | 3.6 | 4.2 | 5.0 | 5.0 | 2.4 | 2.2 | 2.8 | 0.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 10.7 | 18.3 | 16.4 | 36.3 | 16.3 | 3.3 | -14.5 | 56.2 | 29.8 | 30.1 | 6.4 | -3.5 |
| 231 | 269 | 318 | 434 | 519 | 544 | 477 | 783 | 1,002 | 1,296 | 1,348 | 1,333 |
Operating Profit Operating ProfitCr |
| 13.2 | 14.4 | 13.2 | 13.0 | 10.6 | 9.3 | 7.0 | 2.4 | 3.7 | 4.2 | 6.3 | 4.0 |
Other Income Other IncomeCr | 11 | 5 | 4 | 6 | 9 | 8 | 11 | 14 | 25 | 50 | 16 | 11 |
Interest Expense Interest ExpenseCr | 17 | 19 | 17 | 19 | 25 | 23 | 19 | 14 | 13 | 12 | 12 | 16 |
Depreciation DepreciationCr | 7 | 5 | 5 | 7 | 6 | 7 | 6 | 8 | 9 | 11 | 10 | 8 |
| 21 | 26 | 30 | 45 | 40 | 34 | 22 | 11 | 42 | 84 | 86 | 44 |
| 5 | 7 | 8 | 34 | 17 | 15 | 7 | 6 | 13 | 27 | 21 | 7 |
|
| 18.6 | 15.7 | 18.8 | -49.0 | 101.5 | -22.4 | -14.7 | -65.4 | 440.3 | 97.5 | 14.1 | -43.3 |
| 6.2 | 6.1 | 6.2 | 2.3 | 4.0 | 3.0 | 3.0 | 0.7 | 2.8 | 4.2 | 4.5 | 2.7 |
| 5.5 | 6.4 | 7.6 | 3.9 | 7.8 | 6.1 | 4.9 | 1.5 | 7.7 | 15.1 | 13.2 | 7.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 23 | 23 | 23 | 23 | 23 | 23 | 24 | 37 | 37 | 38 | 50 | 50 |
| 148 | 164 | 186 | 197 | 219 | 239 | 256 | 298 | 317 | 378 | 473 | 506 |
Current Liabilities Current LiabilitiesCr | 239 | 190 | 256 | 294 | 304 | 291 | 289 | 392 | 380 | 393 | 410 | 407 |
Non Current Liabilities Non Current LiabilitiesCr | 8 | 15 | 20 | 13 | 60 | 36 | 58 | 33 | 35 | 24 | 14 | 19 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 358 | 343 | 449 | 491 | 544 | 531 | 478 | 630 | 626 | 689 | 684 | 716 |
Non Current Assets Non Current AssetsCr | 60 | 48 | 36 | 36 | 62 | 58 | 156 | 132 | 154 | 154 | 269 | 264 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 19 | 37 | 34 | 70 | -29 | 58 | 52 | 33 | 38 | 44 | 8 |
Investing Cash Flow Investing Cash FlowCr | 1 | 5 | -7 | -3 | -31 | 1 | -3 | -17 | -12 | 0 | -42 |
Financing Cash Flow Financing Cash FlowCr | -18 | -31 | -12 | -16 | 16 | -55 | 7 | 9 | -30 | -42 | 17 |
|
Free Cash Flow Free Cash FlowCr | 19 | 41 | 25 | 66 | -63 | 57 | 46 | 12 | 20 | 37 | -34 |
| 115.4 | 193.1 | 149.8 | 606.5 | -124.0 | 317.5 | 332.3 | 607.8 | 132.1 | 77.4 | 12.6 |
CFO To EBITDA CFO To EBITDA% | 54.5 | 81.5 | 70.6 | 108.6 | -47.2 | 103.8 | 143.2 | 172.8 | 98.7 | 77.3 | 9.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 244 | 275 | 608 | 607 | 257 | 69 | 134 | 151 | 147 | 411 | 682 |
Price To Earnings Price To Earnings | 14.9 | 14.4 | 26.7 | 52.2 | 11.0 | 3.8 | 8.6 | 28.2 | 5.1 | 7.2 | 10.4 |
Price To Sales Price To Sales | 0.9 | 0.9 | 1.7 | 1.2 | 0.4 | 0.1 | 0.3 | 0.2 | 0.1 | 0.3 | 0.5 |
Price To Book Price To Book | 1.5 | 1.5 | 2.9 | 2.8 | 1.1 | 0.3 | 0.5 | 0.5 | 0.4 | 1.0 | 1.3 |
| 9.0 | 7.1 | 13.3 | 9.1 | 5.3 | 1.8 | 6.4 | 10.8 | 4.9 | 7.2 | 7.7 |
Profitability Ratios Profitability Ratios |
| 79.8 | 75.0 | 74.0 | 67.4 | 76.7 | 74.0 | 76.2 | 76.8 | 69.1 | 77.3 | 79.3 |
| 13.2 | 14.4 | 13.2 | 13.0 | 10.6 | 9.3 | 7.0 | 2.4 | 3.7 | 4.2 | 6.3 |
| 6.2 | 6.1 | 6.2 | 2.3 | 4.0 | 3.0 | 3.0 | 0.7 | 2.8 | 4.2 | 4.5 |
| 15.0 | 17.5 | 16.7 | 21.9 | 18.0 | 16.3 | 10.5 | 5.9 | 12.7 | 21.1 | 17.2 |
| 9.7 | 10.3 | 10.9 | 5.3 | 9.7 | 6.9 | 5.5 | 1.6 | 8.2 | 13.8 | 12.5 |
| 4.0 | 4.9 | 4.7 | 2.2 | 3.9 | 3.1 | 2.5 | 0.7 | 3.7 | 6.8 | 6.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
## **Overview**
RPP Infra Projects Limited (RPPIPL) is a niche, integrated Engineering, Procurement, and Construction (EPC) company headquartered in Erode, Tamil Nadu, with over **30 years of experience** in the infrastructure construction sector. Established in 1995 and publicly listed on BSE and NSE since 2010, the company specializes in government-backed infrastructure projects with a strong focus on **fast-turnaround, small to mid-sized contracts**. Led by Chairman and Managing Director **Mr. Arulsundaram**, along with Whole-time Director & CFO **Mrs. A. Nithya**, the company combines technical expertise, operational agility, and strategic geographic expansion to maintain consistent revenue streams and stable cash flows.
---
## **Core Business Segments**
RPP Infra operates across three core verticals:
1. **Infrastructure Development**: National/state highways, roads, bridges, flyovers.
2. **Water Management**: Irrigation, water supply, sewage treatment, stormwater drains.
3. **Building Projects**: Residential, commercial, industrial, and public utility structures (hospitals, schools, offices).
These sectors align with key national initiatives such as **Bharat Mala, Pradhan Mantri Gram Sadak Yojana (PMGSY), Smart Cities Mission, Swachh Bharat, and Aatmanirbhar Bharat**, positioning RPP as a direct beneficiary of India’s growing public infrastructure push aimed at achieving developed nation status by 2047.
---
## **Recent Operational Highlights (Nov 2025)**
- Secured **five new infrastructure and building projects worth ₹1,851.25 crores** as of October 31, 2025.
- Includes a **₹365.85 crore joint venture project** with Balaji Construction (RPP holds 51% stake).
- **Order Book Reaches ₹3,874 Crores**: Comprises **43 ongoing projects**, reflecting robust demand and future revenue visibility.
- In **advanced discussions with major banks** for project funding; expects to close **two road projects worth ₹106 crores soon**.
- Sri Lankan **residential project 'Legend 96'** will be executed via **RPP Realtors Pvt Ltd**, its **newly formed wholly-owned subsidiary**.
- Already secured **pre-bookings for over 100 units** out of 273 flats.
---
## **Strategic Focus & Business Model**
- **Asset-Light Execution Model**: Combines owned equipment (₹96.46 crore fleet as of Sep 2024) with rental partnerships and subcontractors for **faster mobilization** and **cost efficiency**.
- **Fast Project Turnaround**: Focuses on projects with durations **up to 36 months**, typically capped at **₹360 crore**, ensuring quicker capital turnover and improved working capital cycles.
- **Diversified Geographic Presence**:
- Strong base in **South India** (Tamil Nadu, Karnataka, Andhra Pradesh, Telangana).
- Expanded into **Maharashtra, Gujarat, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Jharkhand, and Himachal Pradesh**.
- **International Expansion**: Operates through subsidiaries and branch offices in **Sri Lanka, Bangladesh, Myanmar, and Mauritius**, with recent projects in **Sri Lanka including a solar power project and 'Legend 96' residential complex (worth ~₹764 crores)**.
---
## **Recent Project Awards (2024–2025)**
| Date | Project | Value | Client |
|------|-------|-------|-------|
| Jul 2025 | Passenger elevator installation at Neyveli New Thermal Power Station | ₹125+ crore | NLC India Limited |
| Oct 2024 | 7 MLD water conveyance system in Krishnagiri, TN (DBO model) | — | TN Government |
| Aug 2025 | Fabrication shop for BHEL (Package-B) | — | Bharat Heavy Electricals Limited |
| Nov 2024 | Major residential + solar projects in Sri Lanka | Significant | — |
| Feb 2025 | ‘The Legend 96’ residential complex in Sri Lanka | ~₹764 crores | — |
| Mar 2023 | Water supply upgrade in Sheopur, MP (via JV) | ₹170.89 crores | MP Govt |
| Jul 2023 | Flyover & underpass on NH-544 (Salem-Kumarapalayam) | ₹125.85 crores | NHAI |
| Mar 2021 | Stormwater drain (Chennai) + Canal modernization (TN WRD) | ₹187.14 cr + ₹123.07 cr | GCC, TN Govt |
---
## **Corporate Structure & Subsidiaries**
RPP Infra maintains a **globally diversified corporate footprint**:
- **Wholly-owned Subsidiaries**:
- **RPP Realtors Pvt Ltd** (India) – for real estate developments.
- **Sanskar Dealcom Pvt Ltd** (₹2.1 lakh investment).
- **Joint Ventures**:
- Holds **51% stake** in **RPP-OPG JV**, **RPP Annai JV**, and others.
- Joint venture with **M/s O.P. Gupta Contractor Pvt. Ltd** for MP water project.
- **Overseas Entities**:
- **R.P.P Infra Overseas PLC** (Mauritius)
- **RPP Infra Projects (Lanka) Limited** (Sri Lanka)
- Branch offices in **Bangladesh, Sri Lanka, and Myanmar**.
- As of 2023, the company had **16 active joint ventures or jointly controlled operations**, indicating a collaborative approach to large or complex bids.
---
## **Financial and Order Book Performance**
- **Order Book Growth**:
- ₹2,018 crores (FY2020)
- ₹3,200 crores (FY2023)
- ₹2,762.89 crores (Mar 2025)
- **₹3,874 crores** (Oct 2025) — **record high**
- **Revenue Growth**: Standalone revenue grew by **7.44% in FY 2024–25**.
- **EBITDA Margins**: Consistently maintained between **12–13%**, supported by:
- Strict cost controls
- Lean operations
- Fast-cycle projects
- Avoidance of large-ticket, high-risk contracts
- **Project Pipeline**:
- ₹543.21 crores at **L1 (lowest bidder)** stage awaiting award (Jun 2025).
- Actively bidding on additional domestic and international opportunities.
---
## **Risk Mitigation & Operational Strengths**
- **Asset-light model** minimizes capex burden.
- **Skilled manpower development**: Ongoing investments in recruitment and training.
- **Efficient resource deployment** using advanced IT tools for project modeling and monitoring.
- **Strong tendering capability** and long-standing relationships with government clients.
- **Lean cost structure**: Reduced overheads, optimized subcontractor network.
- **Focus on shorter-duration projects** reduces execution risk and enhances cash flow predictability.
---
## **Leadership & Governance**
- **Chairman & MD**: Mr. Arulsundaram (over 35+ years combined leadership experience)
- **CFO & Whole-time Director**: Mrs. A. Nithya
- Supported by two executive directors and a seasoned management team with deep domain expertise in civil construction and EPC delivery.