The shares of the Infrastructure company gained up to 7 percent after the company bagged significant word orders from Border Roads Organization worth Rs 66.57 lakhs.
Price movement
With a market capitalization of Rs 51.56 crore, the shares of Manglam Infra & Engineering Ltd were trading at Rs 29 per share, decreasing around 4 percent as compared to the previous closing price of Rs 30.50 apiece.
Reason for Rise
According to the company filing, Manglam Infra & Engineering Ltd secured a ₹66.57 lakh order from the Border Roads Organization for engaging a technical consultant to prepare a feasibility study and detailed project report for a 25 km greenfield road (Gelemo-Pukar La) in Arunachal Pradesh under Project Arunank, following NHSL specifications.
Financial performance
The company’s revenue dropped 50%, from ₹34 crore in H2FY24 to ₹17 crore in H1FY25, while net profit declined 49%, from ₹6.61 crore to ₹3.02 crore, reflecting a significant downturn in financial performance over the period.
Manglam Infra & Engineering Ltd’s revenue comes from Detailed Project Reports (Highways/Roads: 5percent, Buildings/Urban Development: 1percent) and Supervision & Quality Control (Highways/Roads: 52percent, Bridges: 22percent, Buildings/Urban Development: 2percent, Operations & Maintenance: 18percent), highlighting its major focus on infrastructure supervision and quality control services.
Also read: Microcap stock in focus after signing ₹138 Cr MoU with Assam Govt for new fiber cement plant
Projects
In FY24, the company completed 127 projects—116 independently and 11 via joint ventures/MoUs—across highways (67), bridges (24), water supply (4), tunnels (1), and urban development (30). It currently has 45 ongoing projects, with 22 independently managed and 23 through joint ventures/MoUs with the central government.
Ratio analysis
The company’s critical ratios show that the return on equity increased from 54.01 percent in FY22-23 to 39.55 percent in FY23-24, while the return on capital employed increased from 73.25 percent to 49.62 percent. The net profit margin (NPM) for fiscal year 23-24 is 16.80 percent.
Company Profile
Manglam Infra & Engineering Ltd provides design, engineering, procurement, construction, and project management for infrastructure projects, including highways, bridges, and urban buildings. Services cover DPR, feasibility studies, O&M, consultancy, planning, supervision, audits, quality control, financial analysis, and traffic engineering.
Written by Abhishek SIngh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
