Globe Civil Projects Credit Rating Upgrade: Revises Outlook to Positive After ₹119 Crore IPO

Globe Civil Projects Limited has received a credit rating outlook upgrade from Infomerics Valuation and Ratings Private Limited, signalling improved financial health. The Delhi-based civil construction company informed stock exchanges on October 30, 2025, about the rating action that reflects strengthened capital structure and operational performance.

Credit Rating Outlook Upgraded to Positive

Infomerics Ratings revised the outlook on Globe Civil Projects' bank facilities to Positive from Stable on October 29, 2025. The long-term bank facilities of ₹26 crore received an IVR BBB/Positive rating, whilst the short-term bank facilities of ₹84 crore were reaffirmed at IVR A3+. The total rated facilities stand at ₹110 crore.

The upgrade was primarily supported by the successful mobilisation of ₹119 crore through the company's Initial Public Offering in July 2025. Additionally, the company expects to reduce its total debt to approximately ₹120 crore by the end of fiscal year 2026, compared to ₹155 crore in fiscal 2025.

Strong Revenue Growth and Improved Margins

Globe Civil Projects' scale of operations expanded to ₹325.99 crore in fiscal 2025, marking an 11% growth over the previous year. The growth was driven by an accelerated project execution pace across ongoing contracts. Operating margins improved to 16.43% during fiscal 2025 from 15.10% in fiscal 2024, supported by bulk procurement of steel and construction materials ahead of executing newly awarded contracts.

The company's absolute EBITDA and PAT increased year on year by approximately 20% and 57% respectively, reaching ₹53.56 crore and ₹24.05 crore in fiscal 2025. PAT margin rose by 214 basis points to 7.31% in fiscal 2025 compared to 5.17% in the previous year.

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Robust Order Book 

As of September 30, 2025, Globe Civil Projects holds an outstanding order book of ₹1,001.28 crore, representing 3.07 times its fiscal 2025 revenue. Of this, approximately ₹481 crore is expected to be executed during fiscal 2026, with an additional ₹403 crore anticipated in fiscal 2027. The order book includes projects from reputed clients such as CPWD, NBCC, Indian Railways, DPS, and the Haryana Cricket Association.

About Globe Civil Projects Limited

Globe Civil Projects Limited is engaged in civil construction, undertaking projects across residential and commercial buildings, metro infrastructure, and institutional developments. Established in 2002 and promoted by Mr Ved Prakash Khurana, the company's clientele includes Delhi Metro Rail Corporation, AIIMS, IITs, DPS Society, and Indian Railways. The company's shares are listed on both NSE (symbol: GLOBECIVIL) and BSE (scrip code: 544424).

Globe Civil Projects Share Price Performance

On November 6, 2025, Globe Civil Projects share price opened at ₹73.00 on NSE, below the previous close of ₹73.46. During the day, it surged to ₹73.50 and dipped to ₹73.00. The stock is trading at ₹73.26 as of 9:18 AM. The stock registered a marginal change of -0.27%.

Over the past week, it has declined by 2.18%, over the past month, it has moved up by 1.47%, and over the past 3 months, it has declined by 5.46%.

Conclusion

Globe Civil Projects' credit rating outlook upgrade to Positive reflects the company's strengthened financial position following its ₹119 crore IPO in July 2025. With improved operational metrics, a robust order book of ₹1,001.28 crore, and anticipated debt reduction, the company demonstrates strong revenue visibility and financial stability for the near to medium term.

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