Globe Civil Projects Limited is an integrated Engineering, Procurement, and Construction (EPC) company headquartered in New Delhi, incorporated in 2002. The company has established itself as a prominent player in India's infrastructure development sector, with operations spanning across 11 states including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh.
The company made its stock market debut on July 1, 2025, listing on both NSE and BSE. Shares listed at ₹90 on NSE with a premium of 26.76% over the issue price of ₹71, while on BSE it started trading at ₹91.10, reflecting a premium of 28.31%. The company currently holds a market capitalisation of approximately ₹485 crore as per recent market data.
Globe Civil Projects operates through multiple specialized segments within the construction and infrastructure space. The company specializes in Transport & Logistics projects including roads, bridges, airport terminals and railway terminals; Social and Commercial projects covering educational institutions, sports infrastructure and hospitals; and Non-Infrastructure projects comprising commercial offices and housing.
In addition to construction services, the company also trades in thermo-mechanically treated (TMT) steel and provides mechanical, electrical, and plumbing (MEP) works. This diversified approach has enabled the company to cater to various client requirements across government and private sectors.
The company has built a strong track record over its two-decade journey. Globe Civil Projects Limited has completed 37 projects and currently manages 12 ongoing projects, including five social and commercial projects. The company is registered as a Class-I contractor with the Central Public Works Department (CPWD), which facilitates its participation in large government projects.
Globe Civil Projects has demonstrated robust financial growth in recent years. The company reported revenue of ₹334.81 crores in FY 2024 compared to ₹235.17 crores in FY 2023, while profit increased significantly to ₹15.38 crores in FY 2024 from ₹4.85 crores in FY 2023.
For the nine-month period ended December 31, 2024, Globe Civil Projects posted revenue from operations of ₹254.65 crore and profit after tax (PAT) of ₹17.78 crore. The main source of income from building projects has grown at a compound annual growth rate (CAGR) of 7.53% from ₹253.62 crore in FY 2022 to ₹293.27 crore in FY 2024. Additionally, revenue from TMT steel trading increased from ₹32.09 crore in FY 2022 to ₹38.90 crore in FY 2024 at a CAGR of 10.09%.
- Market Cap: ₹485 crore (as of July 2025)
- Revenue: ₹334.81 crore (FY 2024)
- Net Profit: ₹15.38 crore (FY 2024)
- Revenue (9M FY2025): ₹254.65 crore
- PAT (9M FY2025): ₹17.78 crore
- P/E Ratio: 31.7 (current)
- Book Value per share: Updated regularly on exchanges
- Face Value: ₹10 per share
- Promoter Holding: 63.43% (post-IPO)
As of August 31, 2024, the company's order book stood at ₹8,929.45 million, covering 14 projects. However, more recent data shows that as of March 31, 2025, the order book was valued at ₹669.10 crore, providing revenue visibility for upcoming periods.
The company maintains a workforce of 112 permanent employees as of August 31, 2024, which supports its project execution capabilities across various states.
The company is promoted by Ved Prakash Khurana, Nipun Khurana, and Vipul Khurana. Promoters' shareholding stood at 88.14% before the IPO, which decreased to 63.43% after the public offering. Recent data indicates promoter holding has decreased over the last quarter by 24.7% due to the IPO dilution.
Globe Civil Projects' IPO was a mainboard offering of 1,67,60,560 equity shares with a face value of ₹10 each, aggregating up to ₹119 crores, priced at ₹71 per share. The IPO opened on June 24, 2025, and closed on June 26, 2025, with ₹35.70 crore raised from anchor investors.
The stock has shown mixed performance post-listing. Shares were trading at ₹94.5 apiece, up 5% at their upper circuit limit on NSE during initial trading sessions, though the stock has since experienced volatility as is typical for newly listed companies.
Globe Civil Projects Limited stands as a well-established EPC company with a diversified project portfolio, strong order book, and expanding geographical presence across India. The company's focus on infrastructure development, combined with its financial growth trajectory and government sector relationships, positions it strategically in India's ongoing infrastructure development story.
