Rs 1,063.06 crore order book: Multibagger construction company bags new order worth Rs 1,86,00,000 from BAPS Swaminarayan Santhan

Kiran Shroff
Rs 1,063.06 crore order book: Multibagger construction company bags new order worth Rs 1,86,00,000 from BAPS Swaminarayan Santhan

From its 52-week low of Rs 77 to Rs 194.50 per share, the stock gave multibagger returns of 152.6 per cent to its investors.

Chavda Infra Limited has secured construction contracts valued at Rs 1.86 crore (excluding taxes) for the BAPS Swaminarayan Santhan's "BAPS SANSKARDHAM" project in Shahi Baug, Ahmedabad, Gujarat. The scope of the 9-month project encompasses reinforced concrete work, masonry, plastering, and other construction activities, underscoring Chavda Infra's expertise in institutional building projects.

Swaminarayan Mandir is a Hindu temple dedicated to Lord Swaminarayan, a revered spiritual leader. Known for their intricate architecture and ornate sculptures, these temples are often considered architectural marvels. The main shrine houses the deities of Lord Swaminarayan and his divine abode, Akshardham. Beyond religious functions, Swaminarayan Mandirs serve as community centres, offering various educational, cultural and social programs. They promote values such as spirituality, charity, and harmony.

Earlier, the company secured construction orders valued at Rs 59.36 crore (excluding taxes) for residential buildings. The project, named "GREENFIELD-ADANI SHANTIGRAM," is being developed by Summerwoods Developers India LLP in Adani Shantigram, Ahmedabad, Gujarat. The scope of Chavda Infra's involvement includes reinforced concrete work, masonry, plastering, and other related construction activities. This residential project is expected to be completed within 24 months.

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Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat. The company has a market cap of Rs 225 crore. According to annual results, the company reported amazing numbers wherein net sales increased by 47.27 per cent to Rs 162 crore and net profit increased by 140 per cent to Rs 12 crore in FY23 compared to FY22. Including the above orders, the company’s order book now stands at Rs 1,063.06 crore and the unexecuted order book as of date is Rs 681.99 crore.

On Friday, shares of Chavda Infra Ltd gained 0.57 per cent to Rs 194.50 per share from its previous closing of Rs 193.40 with an intraday high of Rs 199 and an intraday low of Rs 194. The stock’s 52-week high is Rs 208.85 and its 52-week low is Rs 77.

The shares of the company are listed on the NSE as SME stock with a lot size of 2,000 shares. The stock has a PE of 30x, an ROE of 49 per cent and an ROCE of 28 per cent. From its 52-week low of Rs 77 to Rs 194.50 per share, the stock gave multibagger returns of 152.6 per cent to its investors.

Disclaimer: The article is for informational purposes only and not investment advice. 

Also Read: Rs 13,018 crore order book: India's largest EV Charging solutions provider signs a MoU with Tata Motors Ltd

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