Rs 1,452.93 crore order in hand: Construction company bags new order worth Rs 150,00,00,000 from Arvind Smartspaces Limited

From its 52-week low of Rs 110 to Rs 148 per share, the stock has given 34.54 per cent to its investors.

Chavda Infra Limited has secured a significant work order valued at Rs 150 crore (excluding taxes) from Arvind Smartspaces Limited for the construction of residential infrastructure at their Arvind Aqua City project located in Kalyangadh, Gujarat. The scope of work encompasses R.C.C., masonry, plaster, and other associated construction activities for this residential development, with a project duration of 24 months. This latest win contributes to Chavda Infra's robust order book, bringing the total orders received to Rs 222.75 crore in the current financial year and Rs 441.73 crore in the current calendar year. As a result, the company's total order on hand now stands at Rs 1452.93 crore with an unexecuted order book of nearly Rs 925.84 crore.

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. The company’s order book now stands at Rs 1,452.93 crore.

On Wednesday, shares of Chavda Infra Ltd gained 11.3 per cent to Rs 148 per share from its previous closing of Rs 133 per share. The stock’s 52-week high is Rs 208.85 per share and its 52-week low is Rs 110 per share.

The shares of the company are listed on the NSE as SME stock with a lot size of 1,000 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 110 to Rs 148 per share, the stock has given 34.54 per cent to its investors.

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