Motilal Oswal Investment Advisors Ltd.

Company Profile

LCC Projects Limited is an engineering, procurement, and construction (EPC) company founded in 2017 that specializes in water management and irrigation infrastructure. The firm designs and builds essential systems to support water delivery, including dams, barrages, canals, pipelines, and lift irrigation networks. Over the years, LCC has successfully completed key developments such as the Parbati Dam, the Tawa Left Bank Canal, and the AKOT Lift Irrigation Scheme.

The company continues to expand its footprint, growing its reach across 12 Indian states—including Gujarat, Madhya Pradesh, Rajasthan, and Maharashtra. With a robust pipeline, LCC manages a diverse portfolio of ongoing projects, anchored by major undertakings like the Sondwa Lift Micro Irrigation Project and multi-village water schemes at Sidhi Bansagar and Gandhi Sagar

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Multidisciplinary EPC company in India for irrigation and water supply projects
• Strong Order Book and diversified project portfolio
• In-house project designing capabilities with robust technical knowledge
• Strong risk management, project selection and dispute resolution processes
• Efficient business model
• Experienced management team and qualified personnel with significant industry experience

The Company LCC PROJECTS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Purchase of equipment (Rs. 14.69 Cr.)
• Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Company (Rs. 180.00 Cr.)
• General corporate purposes.

At the upper band of IPO Rs. 146, the stock is valued at 14.76 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.