Rs 1,378.53 crore order in hand: Construction company bags new order worth Rs 72,75,00,000 from Corporate House – Nirma Limited

The stock has a PE of 30x, an ROE of 49 per cent and an ROCE of 28 per cent.

Chavda Infra Limited has secured a significant work order valued at Rs 72.75 Crores (excluding taxes) for the construction of a commercial building named "CORPORATE HOUSE" for Nirma Limited. Located in Bodakdev, Ahmedabad, Gujarat, the project encompasses comprehensive construction work, including R.C.C., masonry, plaster, and other associated tasks, and is expected to be completed within a duration of 24 months.

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 1,378.53 crore and the unexecuted order book as of the date is Rs 797.82 crore.

On Wednesday, shares of Chavda Infra Ltd gained 11.2 per cent to Rs 140 per share from its previous closing of Rs 125.90 per share. The stock’s 52-week high is Rs 208.85 per share and its 52-week low is Rs 108.95 per share.

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 108.95 to Rs 140 per share, the stock has given 28.44 per cent to its investors.

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