Ceinsys Tech has secured a ₹16.90 crore Letter of Intent from the Bhandara Municipal Council in Maharashtra for the supply, installation and commissioning of consumer domestic ultrasonic/electromagnetic automatic meter reading (AMR) water meters. According to the latest company announcement, the contract is scheduled to be executed within 12 months under the AMRUT 2.0 scheme, with execution proceeding in accordance with terms specified by the municipal authority. The award was received on August 4, 2026, marking the company's continued expansion in the smart water management segment.
The company has clarified that the order has been awarded by a domestic entity and stated that neither the promoter nor the promoter group has any interest in the awarding authority. As reported by Ceinsys Tech, the transaction does not constitute a related-party transaction, ensuring proper governance standards are maintained throughout the project execution process.
Ceinsys Tech delivered a record FY26 performance with revenue rising 58% to ₹661 crore, EBITDA increasing 86% to ₹145 crore, and net profit surging 111% to ₹133 crore. The company's standalone order book stood at around ₹876 crore as of March 31, 2026, with most projects carrying execution periods of 12 to 18 months. Management also stated that annual mobility and product solutions revenue of nearly ₹150 crore is not included in the reported order book, indicating that the company's revenue visibility extends beyond its disclosed backlog.
Following the contract announcement, Ceinsys Tech's scrip was trading at ₹859.25 on the NSE as of 10:42 AM IST on August 5, 2026, down 0.28% or ₹2.40 from the previous close of ₹861.65. The stock opened at ₹878.00 and touched an intraday high of ₹885.95 and low of ₹851.60, with a market capitalisation of ₹1,798.44 crore. The company's EBITDA margin expanded to 21.9% and PAT margin crossed 20% for the first time, reflecting stronger execution and an improving project mix.
