Rs 10,047 Crore Order Book: Mukul Agarwal Stock Secures Rs 295 Crore Project LOI From Indus Co-operative Housing Society
In March 2024 Mukul Agarwal Held 6.27 per cent stake in this stock.
Capacit'e Infraprojects Limited has announced the receipt of a Letter of Intent (LOI) from Indus Co-operative Housing Society. The total contract value is Two Hundred Ninety-Five Crore Rupees (Rs. 295 Crore), excluding GST. The project involves the "Construction of Residential with Allied Commercial Building No. 01 & Residential Building No. 02" at Cs No 2/4 Saltpan Division Shivadi - Chembur Road, Wadala, Mumbai-31.
The company has confirmed that neither the Promoters, the Promoter Group, nor any Group Companies have any interest in the entity awarding the contract. This order, therefore, does not constitute a related party transaction. In accordance with SEBI regulations and the company's code of conduct, the trading window for dealing in the securities of Capacit'e Infraprojects Limited is currently closed for all Designated Persons, due to the upcoming financial results.
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Capacit'e Infraprojects Limited is a construction company focused on building projects. They provide end-to-end construction services for various types of buildings, including High-Rise and Super High-Rise Buildings, Townships, Mass Housing in the residential sector, Office Complexes, IT & ITES Parks in the commercial sector, and Hospitality, Healthcare Facilities, Industrial Buildings, and MLCPs in the institutional sector. Total order book on a standalone basis is Rs 10,047 crores as of December 31, 2024. In March 2024 Mukul Agarwal Held 6.27 per cent stake in this stock.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 590.49 crore, reflecting a YoY growth of 22.84 per cent compared to Rs 480.68 crore in December 2023. The operating profit stood at Rs 90.32 crore, marking a 3.66 per cent increase from Rs 87.13 crore in the same quarter last year. The profit after tax (PAT) increased by 76.16 per cent to Rs 52.02 crore from Rs 29.53 crore in December 2023.
In FY24, the company posted a revenue of Rs 1,931.64 crore, registering a 7.40 per cent growth compared to Rs 1,798.59 crore in FY23. The net profit for the year stood at Rs 120.27 crore, up 26.21 per cent from Rs 95.29 crore in the previous financial year.
With a PE ratio of 15.8x, the company trades at a discount compared to the industry PE of 31.7. The company has ROCE of 16.1 per cent and ROE of 9.29 per cent. Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.