LCC Projects Limited shares are trading down after a recent brief recovery, with the stock recovering from intraday lows during Monday's trading session but continuing to trade in red. According to reports from Mint, the recent decline comes after the civil construction stock delivered 4.46% return over the last one week since listing. The stock was trading 0.20% higher at ₹150 per share on BSE with a market capitalisation of ₹4,345.07 crore, having touched an intraday high of ₹150.65 and low of ₹144.10 per share.
The company is widening into metro-rail and mining contracts and its revenue is likely to see a double digit CAGR growth over FY26-FY28E, as reported by Angel One brokerage. Its EBITDA margin is likely to stay at 14.0% in FY27E and FY28E, with the company expecting significant revenue growth in metro-rail and mining sectors. The balance sheet is deleveraging as equity grows, with the company's net worth of ₹888 crores in FY26 likely to rise with the ₹258 crore fresh issue, taking debt-to-equity below the 0.97x reported at FY26.
LCC Projects maintains a strong order book of ₹7,953 crore spanning 103 projects and covering 2.2x FY26 revenue, according to Angel One reports. The largest order book contracts span across 103 projects and covers 2.2x FY26 revenue. The stock was listed at ₹189 per share on September 17, 2026, which is a 29.45% premium over its issue price of ₹146, and has since fallen from its listing price to ₹147.
Angel One has given a 'Buy' rating for the stock with a target price of ₹181 per share for 12 months duration, as reported by Mint. The brokerage set the target at 12x FY28E EPS of ₹15.1, noting that the stock has fallen from its ₹189 listing price to ₹147, close to the ₹146 issue price, and trades at 14.8x FY26 earnings. The target implies 25% upside over a 12-month horizon, with the stock having delivered a 5.45% return in one week. The company's expansion into metro-rail and mining contracts positions it well for significant revenue growth in these sectors.
