Rajesh Power Order Book Rises 35% to Rs 5,400 Crore: Rajesh Power Share Price Up About 12% in a Month After the DGVCL Order, With H1 Results and Risks
- November 5, 2026
- Posted by: Kunal Singla
- Category: News
Rajesh Power Rs 825 (+0.27%), high Rs 852. Order Rs 1,628.74 crore (DGVCL), order book about Rs 5,400 crore. BSE, about 1:02 PM IST, 5 Nov 2026.
Quick Answer
The Rajesh Power order book rose about 35% to Rs 5,400 crore after a Rs 1,628.74 crore DGVCL order, and the Rajesh Power share price is up about 12% in a month. It traded at Rs 825 on 5 November 2026.
The Rajesh Power order book rose about 35% to Rs 5,400 crore after a Rs 1,628.74 crore DGVCL order, and the Rajesh Power share price is up about 12% in a month. The stock traded at Rs 825, up 0.27%, on the BSE as of about 1:02 PM IST on 5 November 2026. This guide covers the order, H1 FY27 results, the stock’s moves and the risks. It is not investment advice.
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Rajesh Power Order Book: What Changed
| Item | Detail |
|---|---|
| Order | Turnkey order of Rs 1,628.74 crore including taxes |
| Client | Dakshin Gujarat Vij Company Limited (DGVCL) |
| Scope | Convert 11/22 kV overhead networks to underground cables |
| Timeline | 24 months |
| Order book | About Rs 4,000 crore to about Rs 5,400 crore, up about 35% |
| Earlier order | Rs 471.92 crore from MGVCL, announced on 12 October |
Rajesh Power Services is an Ahmedabad-based EPC company in power transmission and distribution. It builds underground cable networks, substations and transmission lines. According to press reports, the new order is larger than its market capitalisation of about Rs 1,470 crore, which by our arithmetic is about 111% of that figure.
Rajesh Power Share Price: One Month and Today
The stock was at Rs 825 as of about 1:02 PM IST on 5 November 2026, after an open of Rs 849 and a high of Rs 852, which was about 3.5% above the previous close of Rs 822.80. Mint puts the one-month rise at about 12%. Our arithmetic from the Rs 732.85 close before the 12 October MGVCL order to Rs 825 gives about 12.6%, which is consistent.
| Price point | Rs |
|---|---|
| Previous close | 822.80 |
| Open and high today | 849.00 and 852.00 |
| Latest traded (BSE) | 825.00 (+0.27%) |
| Close before 12 October order | About 732.85 |
The stock is still far below its levels of a year ago. It traded near Rs 1,588 in September 2025 and had fallen about 49% over one year by mid-October, according to Zee Business, so the recent rise is a rebound from a low base.
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H1 FY27 Results
| Metric | H1 FY27 | Change |
|---|---|---|
| Revenue from operations | Rs 929.26 crore | +45.7% |
| EBITDA | Rs 112 crore | +33% |
| Profit after tax | Rs 79.22 crore | +34.8% |
| EBITDA margin | 12.02% | Down from 13.16% |
The company reported positive operating cash flow in H1 FY27, according to its press release. FY26 revenue was Rs 1,627.94 crore, up 52%, and FY26 operating cash flow was an outflow of Rs 41.42 crore, so the improvement matters. Management has guided to about 40% revenue growth in FY27 and an order book above Rs 5,000 crore by year-end, per press summaries.
Why the Order Book Matters, and Its Limits
A larger order book gives revenue visibility for about two years. DSIJ noted that the stock trades at a price-to-earnings multiple below 10, but that a bigger backlog also raises the importance of mobilisation, billing milestones and collection discipline.
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Risks to Weigh
| Risk | Why it matters |
|---|---|
| Client concentration | Gujarat distribution companies are key customers |
| Margin pressure | EBITDA margin narrowed by about 1.1 percentage points |
| Working capital | Collections from utilities can be slow |
| Execution | A Rs 1,628.74 crore project over 24 months needs funding and manpower |
| Volatility | A small market capitalisation can lead to sharp swings |
Conclusion
The Rajesh Power order book gives the company a large pipeline, and the Rajesh Power share price has recovered about 12% in a month. Margins, cash flow and execution will decide whether the backlog turns into profit. Read the filings before drawing conclusions.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on the Rajesh Power Order Book
What is the new Rajesh Power order?
Ans. Rajesh Power won a Rs 1,628.74 crore turnkey order including taxes from DGVCL to convert 11/22 kV overhead networks into underground cables. The project runs for 24 months.
How big is the Rajesh Power order book now?
Ans. The company said its aggregate order book rose from about Rs 4,000 crore to about Rs 5,400 crore, an increase of around 35%.
What is the Rajesh Power share price today?
Ans. The stock traded at Rs 825 on the BSE, up 0.27%, as of about 1:02 PM IST on 5 November 2026, with a high of Rs 852 and a previous close of Rs 822.80.
How much have Rajesh Power shares risen in a month?
Ans. Mint reports a rise of about 12%. Our arithmetic from the Rs 732.85 close before the 12 October order to Rs 825 gives about 12.6%.
What were Rajesh Power's H1 FY27 results?
Ans. Revenue from operations rose 45.7% to Rs 929.26 crore, EBITDA rose 33% to Rs 112 crore and profit after tax rose 34.8% to Rs 79.22 crore. The EBITDA margin narrowed to 12.02%.
Is the new order larger than Rajesh Power's market value?
Ans. Press reports put the market capitalisation at about Rs 1,470 crore, so the Rs 1,628.74 crore order is about 111% of it by our arithmetic. The order includes taxes and is spread over 24 months, so it is not a one-time profit.
What are the risks in Rajesh Power?
Ans. Key risks are dependence on Gujarat utilities, narrowing margins, working capital and collections, execution of large projects and sharp share price swings.
Should I buy Rajesh Power shares after the order win?
Ans. Univest cannot give personal advice. The order improves visibility, but the stock is volatile and margins are under pressure. Review the filings and consult a SEBI-registered adviser before acting.
