Low PE High ROE stock: This civil construction company emerged as an L-1 bidder for an order worth Rs 587.59 crore!
Earlier, the company won multiple projects under Bharatmala Pariyojana.
On March 17, 2023, G R Infraprojects Limited informed in the exchange filing that the company has emerged as an L‐1 bidder in the financial bid opening dated March 17, 2023, for the tender invited by East Coast Railway for construction of tunnel work between Adenigarh – Purunakatak & allied works of Khurda – Bolangir new rail line project in east coast railway. The project bid cost is of Rs 587.59 crore, with a completion period of 24 months.
Earlier on March 9, 2023, the company won a project worth Rs 1248.37 crore for the construction of the 6‐lane greenfield highway in the state of Bihar under Bharatmala Pariyojana.
G R Infraprojects Ltd is an integrated road engineering, procurement, and construction company (EPC) with experience in the design and construction of various road & highway projects across 15 States in India.
On 17 March, 2023, the stock opened at Rs 1037.15, with a high and low of Rs 1042.65 and Rs 1014.20. The stock closed at Rs 1016.05, down by 1.30 per cent over its previous close of Rs 1029.45.
The stock has a 52-week high of Rs 1624 and a 52-week low of Rs 992.80. The company has a ROCE of 16.3 per cent and an ROE of 18.9 per cent, with a market capitalisation of Rs 9,824.09 crore.