Small-Cap FMCG Stock Secures Major Orders From L&T And Adani Group For Navi Mumbai International Airport

Leading horticultural product maker Harshdeep Hortico Limited (BSE: 544105) has received two sizable contracts for flower pots for the forthcoming Navi Mumbai International Airport from Larsen & Toubro (L&T) and Navi Mumbai International Airport Pvt Ltd managed by Adani Group. Delivery of the orders, which are estimated to be worth Rs 43.50 lakhs and Rs 96.45 lakhs, respectively, is scheduled for June 30, 2025.

Harshdeep Hortico's shares started on the BSE on Wednesday at Rs 67.45 per share, higher than the previous closing of Rs 66.60, following the order victory. The stock was 1.80% higher at Rs 67.80 per share with a market cap of Rs 109.12 Cr during the afternoon trade when this article was written.

Commenting on the order win, Mr. Harshit Shah, Director of Harshdeep Hortico Ltd, said, "We are thrilled to receive these significant orders for the Navi Mumbai International Airport. Our long-term relationship with L&T and the Adani Group for their major infrastructure projects highlights the quality, innovation, and reliability of Harshdeep Hortico's products. We remain committed to innovation through sustainable practices and cutting-edge technologies."

This comes after the company's prior success last year in obtaining orders totaling Rs 86.6 lakhs for the provision of specialized planters to the Adani Group-operated Mumbai International Airport Limited (value Rs 64.90 lakhs) and Mangalore International Airport (worth Rs 21.7 lakhs). Within 120 days, the business had successfully completed these orders. The debt-free business Harshdeep Hortico, which is listed on the BSE SME Exchange (Scrip Code: 544105), has a market valuation of around Rs 107 crore and reached its 52-week high and low at Rs 86 and Rs 42.20, respectively. In the horticulture industry, the firm is dedicated to sustainability and innovation, consistently improving its product line and operational effectiveness.

The company received a purchase order for flower pots from M/s. Larsen & Toubro Limited earlier on March 26, 2025. The order is worth Rs 43,50,070. It is anticipated that the order will be completed in three to four months. The leading supplier of pots, planters, garden accessories, and outdoor furniture in India is Harshdeep Hortico Limited. The company sells more than 500 types of pots and planters in 27 Indian states and union territories, as well as a few foreign markets in Europe, Africa, and Asia.

On February 5, 2024, shares of Harshdeep Hortico were listed on the BSE SME marketplace at an upward premium of 55.5%. In contrast to its IPO price of Rs 45, the stock got listed at Rs 70. While the Harshdeep Hortico IPO was a whole new offering of 42.42 lakh shares, it was a bookbuilding of Rs 19.09 crores. The price band for Harshdeep Hortico's IPO was Rs 45 per share.