This under Rs 50 stock bags Rs 260 crore order, shares rocket; 214% return in 5 years; Do you own?

Shares of Vascon Engineers were in focus on Monday despite a weak broader market after the smallcap realty and EPC player secured a major construction order from the Navi Mumbai Municipal Corporation (NMMC). The stock rose as much as 6.41 per cent during the session to hit an intra-day high of Rs 48.24.

Order details

In a regulatory filing, Vascon Engineers said it has received a work order worth Rs 260.09 crore (including GST) from NMMC for the construction of a super speciality hospital at Plot No. 4, Sector 15A, CBD Belapur, Navi Mumbai. The project is to be completed within 36 months, the company said.

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Q2FY26 performance

In the second quarter of FY26, Vascon Engineers reported a 14 per cent year-on-year rise in revenue to Rs 229 crore. The company posted a profit of Rs 11 crore during the quarter. Management noted that operations were impacted by weather-related delays, which posed some execution challenges.

Strong order book visibility

As of September 30, 2025, Vascon Engineers’ order book stood at Rs 2,800 crore, which is around 2.8 times its FY25 EPC revenue. The robust order pipeline provides revenue visibility for the next two to three years, the company said.

The company has also signed a strategic memorandum of understanding (MoU) with the Adani Group for early-stage involvement in projects. Under the five-year agreement, Vascon Engineers is expected to develop nearly 13 million square feet of project area in Mumbai, with the partnership potentially contributing around 30 per cent to the company’s annual turnover. The collaboration is expected to strengthen Vascon’s position in large-scale infrastructure and real estate projects.

Stock performance

Vascon Engineers shares ended Monday’s session 3.42 per cent higher at Rs 46.88. The stock has a 52-week high of Rs 74.61, touched on October 10, 2025, and a 52-week low of Rs 32.

Interestingly, the stock has gained about 4 per cent over the past week but it has declined nearly 18 per cent in the past one month and over 20 per cent in the last three months. On a year-to-date basis, the stock is down around 14 per cent. However, over the past five years, Vascon Engineers has delivered a return of 214 per cent to investor.