4 Smallcap Stocks with Robust Order Books Over ₹15,000 Cr to Watch
Investing in small-cap stocks can offer significant growth opportunities. In this article, we delve into four small-cap companies with robust order books worth over Rs. 15,000 crore. These substantial orders signify strong demand and can lead to better earnings and future growth potential.
Patel Engineering Limited, with a market capitalization of Rs. 3,499.94 crore, saw its shares close at Rs. 41.45 per equity share, down nearly 2.10 percent from the previous day’s close price of Rs. 42.34. As of June 2025, Patel Engineering Limited has a total order book of Rs. 17,712.5 crores, including the L1 order of Rs. 458.1 crore in FY25. The company’s projects are primarily hydroelectric (Rs. 10,073.9 crore, 66.20%), followed by irrigation (Rs. 3,494.6 crore, 22.96%), tunnels (Rs. 1,175.7 crore, 7.73%), roads (Rs. 290.1 crore, 1.91%), and others (Rs. 183.4 crore, 1.20%).
Patel Engineering Limited was founded in 1949 and is a major Indian infrastructure and construction company. It specializes in building dams, tunnels, hydroelectric projects, irrigation systems, highways, bridges, railways, and real estate developments across India and internationally.
ITD Cementation India Limited, with a market capitalization of Rs. 12,942.48 crore, saw its shares close at Rs. 752.50 per equity share, down nearly 2.41 percent from the previous day’s close price of Rs. 771.05. As of March 2025, ITD Cementation India Limited has a total order book of Rs. 18,300 crores. The company’s largest share comes from maritime structures (Rs. 6,323 crore, 34.6%), followed by industrial structures and buildings (Rs. 4,473 crore, 24.4%), urban infrastructure, MRTS, and airports (Rs. 3,294 crore, 18.0%).
Additionally, the company has orders from hydro, dams, tunnels, and irrigation (Rs. 1,634 crore, 8.9%), highways, bridges, and flyovers (Rs. 1,545 crore, 8.4%), foundation and specialist engineering (Rs. 705 crore, 3.9%), and water and waste water projects (Rs. 326 crore, 1.8%).
ITD Cementation India Limited is a Mumbai-based construction and engineering company established in 1931. It specializes in heavy civil and EPC projects, including marine structures, metro systems, tunnels, power plants, ports, highways, and industrial infrastructure across India.
PNC Infratech Limited, with a market capitalization of Rs. 7,691.04 crore, saw its shares close at Rs. 299.80 per equity share, down nearly 1.99 percent from the previous day’s close price of Rs. 305.90. As of March 31, 2025, PNC Infratech Limited’s order book totals Rs. 17,792 crores, with top six road projects at Rs. 8,509 crore, water projects at Rs. 3,014 crore, HAM projects at Rs. 4,097 crore, and other projects at Rs. 2,172 crore. Road, highway, expressway, rail, and canal EPC projects make up 83 percent of the total.
PNC Infratech Limited is a leading Indian infrastructure company specializing in investment, development, construction, and management of highways, bridges, flyovers, power transmission lines, airport runways, and industrial area projects.
Ircon International Limited, with a market capitalization of Rs. 18,457.62 crore, saw its shares close at Rs. 196.75 per equity share, down nearly 2.79 percent from the previous day’s close price of Rs. 202.40. As of March 31, 2025, the company’s total order book stands at Rs. 20,347 crore. Of this, 76 percent (Rs. 15,435 crore) is from Railways, 22 percent (Rs. 4,541 crore) from Highways, and 2 percent (Rs. 371 crore) from other sectors.
Ircon International Limited was established in 1976 by the Ministry of Railways and is a leading Indian government-owned engineering and construction company specializing in transport infrastructure. Its core areas include railways, highways, EHV substations, and metro rail, with projects completed in over 21 countries.