Shares of Larsen and Toubro (L&T) Ltd., Kalpataru Projects, VA Tech Wabag, KRBL, are in focus on Monday, June 15, after the US and Iran announced a pe…
1/7Shares of Larsen and Toubro (L&T) Ltd., Kalpataru Projects, VA Tech Wabag, KRBL, are in focus on Monday, June 15, after the US and Iran announced a peace deal, resulting in the reopening of the Strait of Hormuz from Friday. These stocks are among the Indian-listed companies that have significant exposure to the West Asia region, and have witnessed volatility over the last four months since the Iran war started.
2/7L&T | India’s largest infrastructure company has 37% order book exposure to West Asia and 33% to order inflows in the first nine months of the financial year 2026. The company reported a mixed set of results in the March quarter as it fell short of Street estimates amid margin pressures and a high base. However, its order book in the financial year 2026 hit an all-time high of ₹7.4 lakh crore, up 28% from the year-ago period, with international orders comprising 52% of the total. L&T shares ended the previous session 4.9% higher at ₹4,050 apiece. It has reversed most of the losses of the year so far.
3/7KEC International | The firm had a 20% order book exposure to the region in the first nine months of FY26 as well as 28% in order inflows. The company said it expects to deliver a 10-15% revenue growth in FY27 despite the execution disruptions in West Asia and labour shortages in India. Its managing director and CEO Vimal Kejriwal said he remained optimistic on West Asia demand despite the geopolitical disruptions, citing a ₹25,000 crore to ₹30,000 crore active tender pipeline and rising investments in grid redundancy, rehabilitation and renewable-linked transmission infrastructure. The stock ended the previous session 3% up at ₹503.5 apiece. It has declined 8.2% in the past month and is down 31.8% this year, so far.
4/7Kalpataru Projects | The company had a 11% order book exposure to the West Asia region in the first nine months of FY26 and 2% in order inflows. The company’s director Amit Uplenchwar said disruptions in West Asia did not affect execution or margins even as supply chain delays impacted around ₹200 to ₹300 crore of revenue in the March quarter. The stock ended the previous session 3.7% up at ₹1,299 apiece. It has increased 8% this year, so far.
5/7KRBL | The firm drove around 61% of its basmati exports revenue from the West Asia, GCC region. The company’s business head of bulk exports Akshay Gupta had told CNBC-TV18 in March that the West Asia war had hit India’s basmati rice exports to the region, which accounted for more than 60% of shipments, with prices declining around $50/tonne as exporters had paused shipments. The stock ended the previous session 6.5% up at ₹367.8 apiece. It has declined 7% this year, so far.
6/7VA Tech Wabag | The company’s chairman and MD Rajiv Mittal last month said he is still bullish on West Asia. He said all its execution projects are in tact in the region and it has been performing well. He said not all of the companies sites were disrupted and adequate workforce was present to give the desired output. He said the company was not short of orders as well. There were some delays in decisions since the war started, but he said “it is fine. We are full of execution”. The stock ended the previous session 3.7% up at ₹1,580.3 apiece. It has gained 14% in the past month and is up 20% this year, so far.
7/7Other Stocks | Siemens Energy, ABB India, Inox India, Apar Industries, Triveni Turbines, Adani Ports, JSW Infra are among the other companies with business exposure to West Asia. All of these could also see a potential reaction to the US-Iran deal
