Hiliks Technologies Limited has secured a ₹37.75 crore railway signaling and telecommunication contract from Railone Projects Private Limited for the Motumari-Vishnupuram Doubling Project in Telangana and Andhra Pradesh.
The Hyderabad-based company said the order, dated June 10, 2026, is linked to an EPC contract being executed for the South Central Railway Zone.
Shares of Hiliks Technologies, which has a market capitalization of ₹61.87 crore, were trading at ₹57.55, up 0.16% from the previous close. The stock touched an intraday high of ₹62.99 and a low of ₹55.
Order details
The contract, valued at ₹37,75,52,866, is scheduled to be executed over an 18-month period.
According to the company, the order:
- Has been awarded by a domestic entity.
- Does not involve any related-party transactions.
- Has no promoter group interest.
The latest contract takes Hiliks Technologies’ cumulative pending order book to around ₹70 crore, higher than the company’s current market capitalization. The order book-to-market-cap ratio stands at roughly 1.1 times.
Multi-year revenue visibility
The order significantly expands the company’s execution pipeline and provides visibility for revenues in FY27 and FY28.
The Motumari-Vishnupuram project is part of Indian Railways’ broader efforts to increase capacity and improve freight and passenger movement through route doubling.
Focus on signaling and communication systems
The contract involves signaling and telecommunication work, which includes systems such as:
- Electronic interlocking
- Optical fibre communication networks
- Automatic signaling systems
- Train safety infrastructure
Indian Railways is increasingly adopting advanced technologies, including Electronic Interlocking (EI) systems and Kavach, the indigenous train collision avoidance system. Participation in such projects strengthens Hiliks’ experience in railway modernization.
Margin profile and execution risks
Specialized signaling and telecommunication projects typically offer better margins than conventional railway civil works. Industry estimates indicate EBITDA margins for such contracts generally range between 12% and 18%.
However, the size of the order relative to the company’s scale means execution will require:
- Working capital mobilisation
- Performance guarantees
- Procurement financing
- Labour and equipment deployment
Investors are likely to monitor how the company manages these requirements and whether additional leverage is needed.
Advantage in South Central Railway projects
Being headquartered in Hyderabad gives Hiliks operational proximity to projects across Telangana and Andhra Pradesh, which could help in:
- Faster manpower deployment
- Better vendor coordination
- Lower logistics costs
About the company
Hiliks Technologies Limited is listed on the BSE and the Metropolitan Stock Exchange of India (MSEI). The company operates in railway signaling and telecommunication infrastructure and executes projects related to signaling systems, communication networks and railway modernization across various Indian Railways zones.
TL;DR
Hiliks Technologies has won a ₹37.75 crore railway signaling and telecom contract for the Motumari-Vishnupuram Doubling Project. The order lifts its pending order book to about ₹70 crore, providing revenue visibility for FY27 and FY28.
AI summary
- Hiliks Technologies secured a ₹37.75 crore S&T contract from Railone Projects.
- The work relates to the Motumari-Vishnupuram railway doubling project.
- Execution is scheduled over 18 months.
- Pending order book has increased to around ₹70 crore.
- The project strengthens the company’s presence in railway modernization.
