Likhitha Infrastructure Limited, incorporated in 1998, is a specialized oil and gas pipeline infrastructure service provider headquartered in Hyderabad, India. The company is ISO 9001:2015 certified and operates in the business of laying oil and gas supply pipelines infrastructure and irrigation canals, constructing associated facilities, building bridges over the canals, and providing maintenance works service to oil and gas companies throughout India. The company has established operations across 19 states and 2 union territories, demonstrating its extensive geographical reach and operational capability.
Likhitha Infrastructure Limited is focused on laying pipeline networks along with the construction of associated facilities and providing operations & maintenance services to the oil and gas companies in India. The company is engaged in the business of pipeline laying, providing erection, testing, and commissioning of oil & gas pipelines, city gas distribution projects, and operation and maintenance (O&M) services.
Likhitha Infrastructure Ltd has a market capitalisation of ₹1,121 Crore as on 22-Apr-2025, positioning it as a significant player in the infrastructure sector. For the full year ended March 2025, net profit rose 5.99% to Rs 69.33 crore as against Rs 65.41 crore during the previous year ended March 2024. Sales increased by 23.34% to Rs 520.09 crore in the year ended March 2025, compared to Rs 421.68 crore during the previous year ended March 2024.
Recent quarterly performance shows continued growth momentum. Net profit of Likhitha Infrastructure declined 2.82% to Rs 17.59 crore in the quarter ended March 2025 as against Rs 18.10 crore during the previous quarter ended March 2024. Sales rose 10.80% to Rs 135.50 crore in the quarter ended March 2025 as against Rs 122.29 crore during the previous quarter ended March 2024.
- Revenue for FY25: ₹520.09 crore (23.34% YoY growth)
- Net Profit for FY25: ₹69.33 crore (5.99% YoY growth)
- Q1 FY2025 Performance: Net Profit of ₹17.59 crore (10.80% Sales growth)
- P/E Ratio: 16.67
- P/B Ratio: 3.72
- Current Dividend Yield: 0.51%
The company operates through three principal business lines that form the core of its service offerings:
- Cross Country Pipelines and Associated Facilities: This includes Oil and Gas Pipeline laying along with construction of associated facilities, fabrication, erection, installation, testing, and commissioning of underground pipelines. The company also handles cross-country pipelines and underground pipelines, including associated mechanical, civil, structural, electrical, instrumentation, and telecom works.
- City Gas Distribution (CGD): This involves the transportation and distribution of natural gas to consumers across domestic, commercial, industrial, and transport sectors through a network of pipelines, including compressed natural gas (CNG) stations.
- Operation & Maintenance (O&M): The company offers operation and maintenance services for oil and gas companies, including management services for CGD networks, repairs, modernization, scheduled shutdowns, overhauling, and maintenance of existing pipelines.
At present, the company has laid over 1000+ Km of Oil and Gas pipelines, including steel and Medium-Density Polyethylene (MDPE) networks, and has 1500 km of Oil & Gas pipelines for ongoing projects. The company works with all PSU oil companies and is planning to expand its capacity to lay 250-300 Kms of oil and gas pipelines per year.
The 52-week high for Likhitha Infrastructure Ltd is ₹497.45, and the 52-week low is ₹238.90. The company has delivered a return of 20.83% in the last 3 years.
Promoter holding stands at 70.2% as of December 2024, indicating strong promoter confidence in the business. Promoter holding has remained consistent from March 2024 to December 2024. Key management includes Sivasankara Parameshwara Kurup Pillai as Chairman and Pallavi Yerragonda as Company Secretary.
In 2019-20, the company successfully completed an Initial Public Offer (IPO) of 5,100,000 equity shares at a price of INR 10 (including a premium of INR 110 per share). Subsequently, the securities of Likhitha Infrastructure Ltd are listed on the BSE Limited and the National Stock Exchange of India Limited.
- Listing Date: 15 October 2020
The company is almost debt-free, which provides significant financial flexibility and reduces its risk profile. Likhitha Infrastructure Ltd boasts a strong balance sheet, enabling it to report stable earnings growth across business cycles. The company demonstrates an outstanding annual revenue growth of 16%, a great pre-tax margin of 21%, and an exceptional Return on Equity (ROE) of 21%.
The company's focus on the oil and gas infrastructure sector, combined with India's growing energy needs and pipeline infrastructure development, positions it well for future growth opportunities in the expanding energy sector.
