Rs 3,646 Crore Order Book: Small-Cap Railway Infrastructure Company Bags Rs 547 Crore Order from RVNL; Stock Hits Upper Circuit Today!
The shares of the company have delivered a return of over 300 per cent to its shareholders in just 1 year.
In the latest update, this Small-Cap infrastructure company has received an order from Rail Vikas Nigam Limited (RVNL) for the construction of the Viaduct Portion of Elevated Corridor, ROBs (except steel spans), and Exit/Entry Ramps. The scope also includes SVUP, LVUPs, VUPs, PUPs, construction/reconstruction/widening of culverts, NHAI Office Building, and other miscellaneous works, including electrification & lighting (except design, supply, fabrication & launching of steel bridge spans, RE Wall, road work, diversion, intersections, utility shifting, etc.), in connection with the construction of the Six Lane Elevated Kona Expressway from Ch. 0.145 KM to 7.337 KM of NH 117 in the State of West Bengal on EPC mode. The total value of the contract is approximately Rs 547 crore. This project is of short duration and is expected to be completed within 5 months.
Also read Under Rs 20: Turnaround Story - Company Posts Profits After 3 Years of Losses; Stock Hits Back-to-Back Upper Circuit for Last 6 Days; Must Watch
GPT Infraprojects Limited, the flagship company of the GPT Group, is a premier infrastructure company based out of Kolkata. Incorporated in 1980, operates through two segments – Infrastructure and Sleeper. The company is an established railway-focused infrastructure player engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways, and roads for government contracts. In the Sleeper segment, the company manufactures and supplies concrete sleepers for Railways in India and Africa.
On Wednesday, the company's stock closed at around Rs 239 per share, with a market capitalization of Rs 1390 crore. The stock has delivered a multibagger return of around 310 per cent in just 1 year.
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 295 crore compared to Rs 268 crore and a net profit of Rs 15 crore compared to Rs 10 crore. In FY24, the company reported a revenue of Rs 1018 crore compared to Rs 809 crore, and a net profit of Rs 56 crore, compared to a profit of Rs 30 crore in the previous year.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Rs 2,361 crore order book: Vijay Kedia’s portfolio company bags Rs 1998.40 million orders from NHPC in Arunachal Pradesh
-
Multibagger penny stock under Rs 20: Textile company receives order worth Rs 10.76 crore from Gawgee Brothers Wholesalers CO. LLC
-
Rs 7,237 crore order book: Railway wagons company bags international order of Rs 536,00,00,000 from CAMALCO SA, Cameroon
-
Rs 1,150 crore order book: Penny stock below Rs 70 bags order worth Rs 16,94,53,640 from National Highway Authority of India
-
Transformers Manufacturer Bags Order Worth Rs 52,00,00,000 from ACME Solar Holdings Ltd