B.L. Kashyap & Sons has disclosed a Right of Recompense settlement of ₹52.5 crore to be paid to CDR lenders. As per the latest disclosure made under SEBI LODR Regulation 30, the repayment is due before March 31, 2027. The settlement terms require approval from other consortium lenders, indicating a formal resolution process for the company's financial obligations. The company has confirmed that the ROR amount and proposed terms are subject to consideration, approval and/or confirmation by the other consortium lenders, with the company taking requisite steps for fulfillment upon receipt of necessary approvals.
The Lead Bank has specified that the Right of Recompense amount of ₹52.5 crore must be repaid before March 31, 2027. The disclosure indicates that terms require approval from other consortium lenders, suggesting a collaborative approach to the settlement process. This formal communication represents a significant step in the resolution of the company's financial obligations to its lending consortium. The company has committed to making further disclosures to the stock exchanges as and when there are material developments in the matter, ensuring transparency for all stakeholders.
B.L. Kashyap & Sons has secured a confirmed work order valued at ₹183.18 crore from Realkraft Ventures LLP (Century Group). According to the latest disclosure, the scope involves civil and structural works as per approved drawings, specifications, and agreed scope within the stipulated time and contract value. This represents a Type A confirmed order, meaning the value is firm and executable upon issuance of the letter of award or work order, with an approximate execution timeline of 18 months.
The new ₹183.18 crore order represents approximately 52% of the company's average quarterly revenue of ₹351.92 crore. Combined with the previous ₹91.57 crore order from Embassy Development Ltd for the Verde Phase II project in Bengaluru, the total disclosed order book stands at ₹274.75 crore. This backlog provides coverage of approximately 0.78 quarters of average quarterly revenue, with the book-to-bill ratio indicating that new order inflows are tracking current revenue run-rates.
The company's annual revenue has grown from ₹1,179.80 crore in FY25 to ₹1,379.14 crore in FY26, representing a YoY growth of +16.9%. However, profitability has been volatile, with Q4FY26 recording a net loss of ₹12.50 crore and an operating profit margin of -3.00%. In contrast, Q3FY26 was profitable with an OPM of 8.91%, while Q1FY27 recorded a net profit of ₹10.00 crore with an OPM of 8.28%. The balance sheet shows a current ratio of 1.30x and Total Liabilities/Equity ratio of 2.15x, with operating cashflow remaining positive at ₹76.40 crore in FY25.
