Rs 3,309 crore order book and FIIs & DIIs increase stake: This multibagger civil construction company bags new order worth Rs 487 crore from Central Railway
The stock gave multibagger returns of 325 per cent in just 1 year and a whopping 1,000 per cent in 3 years.
GPT Infraprojects Limited (GPT) secured a new order valued at Rs 487 crore in a joint venture for the construction of a new broad gauge railway line between chainage 52,500 and 83,200 in the Solapur-Osmanabad section of Central Railway's Solapur Division, Mumbai. This project marks a significant win for GPT, with their share of the venture amounting to 26 per cent.
On Friday, shares of GPT Infraprojects Ltd gained 5.5 per cent to an intraday high of Rs 223.55 per share from its previous closing of Rs 211.90. The stock’s 52-week high is Rs 225.50 and its 52-week low of Rs 47.05. The shares of the company saw a spurt in volume by more than 5 times on BSE.
Established in 1980, GPT Infraprojects Limited, the leading infrastructure arm of Kolkata-based GPT Group, is a prominent player in both railway-focused civil and infrastructure projects (including bridges and ROBs) and concrete sleeper manufacturing for railways in India and Africa (with units in South Africa, Namibia, and Ghana). GPT stands out for its strong project execution capabilities, financial stability, and promising growth across its operations. The outstanding order book for the company now stands at approximately Rs 3,309 crore with a total order inflow for Fiscal 2025 of Rs 187 crore.
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According to Quarterly Results, the net sales increased by 26.6 per cent to Rs 253.76 crore and net profit skyrocketed by 120.1 per cent to Rs 14.97 crore in Q3FY24 over Q3FY23 while in its nine-month results, the net sales increased by 33.7 per cent to Rs 723.30 crore and net profit increased by 98.4 per cent to Rs 41.70 crore in 9MFY24 over 9MFY23.
The company has a market cap of over Rs 1,200 crore with a PE of 20x and an ROE of 20 per cent. The stock gave multibagger returns of 325 per cent in just 1 year and a whopping 1,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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