Low PE High ROE stock: This civil construction company executed an order worth Rs 758.10 crore!

Low PE High ROE stock: This civil construction company executed an order worth Rs 758.10 crore!

Kiran Shroff
/ Categories: Trending, Mindshare

The stock is up by 16.50 per cent in just 1 month and over 35 per cent in 3 months.

G R Infraprojects Ltd is a leading Engineering, Procurement & Construction company (EPC) that announced that the company have started executing an order worth Rs 75810 crore. Details below:

Project Details: Development, Operation and Maintenance of Multi Modal Logistics Park (MMLP) Indore near Pithampur, in Dhar District in the State of Madhya Pradesh through Public Private Partnership on Design, Build, Finance, Operate and Transfer (DBFOT) basis. The project will be constructed in 2 months from the appointment date.

Earlier, the company bagged construction of four laning of NH 530B from Kasganj Bypass End to Chandan Nagar section of NH  530B in the State of Uttar Pradesh on HAM mode – Package 3. The order is worth Rs 1,085.47 crore.

Order Book: The order book as on March 31, 2023 stands at Rs 19,530 crore. During the year (2022-2023), the company bagged 7,900 crore orders and 7,250 crore lowest bidder (L1) orders. The order book as of today stands at Rs 20,615.47 crore.

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On Tuesday, shares of G R Infraprojects Ltd surged 1.40 per cent to Rs 1,285 per share with an intraday high of Rs 1,320.45 and an intraday low of Rs 1,284.95. The stock had a 52-week high of Rs 1,444.75 and a 52-week low of Rs 930. The shares of the company saw a spurt in volume by more than 2.43 times on BSE.

The stock has a PE of 8.41x and an ROE of 26.30 per cent. The stock is up by 16.50 per cent in just 1 month and over 35 per cent in 3 months.

Investors should keep an eye on this Mid-Cap stock.

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