Synopsis: B.L. Kashyap and Sons Ltd (NSE: BLKASHYAP) shares surged 9% to ₹54.55 on February 19, 2026. The “Zero-Minute” fact is that the rally was triggered by a fresh ₹300 crore civil and structural order for a group housing project in Greater Noida from CRC Greens, significantly boosting the company’s residential segment and its ₹5,293 crore project pipeline.
On Thursday, February 19, 2026, B.L. Kashyap and Sons Limited emerged as a top performer in the construction sector, with its stock price jumping nearly 9% to an intraday high of ₹54.55. The “bullish catalyst” was the formal acceptance of a Letter of Intent (LOI) from CRC Greens Private Limited for a massive group housing project in Greater Noida, Uttar Pradesh. This new contract effectively ends a period of stock consolidation and positions the firm as a leading executor in the North Indian residential real estate boom.
The breakout is supported by a vertical improvement in the company’s financial health. Following a blockbuster Q3 FY26 result where net profit zoomed 965%, the market is now re-rating the stock as it transitions from a “debt-heavy” legacy player to a “lean and execution-focused” EPC major.
Why did B.L. Kashyap stock jump today?
The primary driver is the ₹300 Crore Civil Order. The project involves the construction and supervision of civil structural works for a premium residential development and is expected to be executed over a 42-month period. This provides long-term revenue visibility and strengthens the company’s footprint in the NCR (National Capital Region).
Furthermore, the “1-2-1” rule of today’s rally was in full effect: one major domestic contract (CRC Greens), two fundamental strengths (965% profit surge and a 60% YoY order book growth), and one clean balance sheet turnaround. The company recently reduced its fund-based debt from ₹700 crore to ₹270 crore, earning a credit rating upgrade to CRISIL BB-/Stable/A4, which has significantly lowered its cost of capital.
B.L. Kashyap & Sons: Key Financials & Order Book (Feb 2026)
| Metric | Q3 FY26 (Actual) | Growth (YoY) | Status |
| New CRC Greens Order | ₹300 Crore | New Business | 42-Month Timeline |
| Total Order Book | ₹5,293 Crore | 60.0% ↑ | All-Time High |
| Consolidated Net Profit | ₹11.83 Crore | 965.8% ↑ | Margin Expansion |
| EBITDA Margin | 8.91% | +634 bps ↑ | Structural Recovery |
The “Residential & Commercial” Mix Moat
B.L. Kashyap is successfully balancing its portfolio to mitigate sector-specific risks.
- Diversified Exposure: As of February 2026, the company’s order book is well-distributed, with Commercial projects (52%) and Residential projects (43%) providing a stable mix of high-margin and volume-led business.
- Execution Efficiency: The company has planned a ₹55 crore CapEx for FY26, focusing on advanced formwork systems and composite steel construction to reduce labor dependency and speed up project delivery for marquee clients like DLF and Embassy.
- Technical Outlook: Chartists identify a strong support zone at ₹52. After today’s 9% surge, the stock is testing its immediate resistance at ₹55. A sustained close above this level could open the doors for a rally toward the ₹60–₹64 zone.
The Bottom Line
The 9% surge in B.L. Kashyap is a definitive market validation of its “debt-reduction and order-win” strategy. For the Aam Aadmi investor, the focus remains on the ₹5,293 crore order book execution and the company’s ability to maintain its 8.9% EBITDA margins. With the Greater Noida residential market heating up, this ₹300 crore order is just the beginning of a fresh growth leg.
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