On Thursday, the share price of the small-cap company rose 2.9 percent to its intraday high of Rs 347.55 per share from its previous close of Rs 337.75 after the company received three orders from the National Highways Authority of India.
According to the filling of PNC Infratech Ltd, the company has secured three projects for the Construction of 6-lane Greenfield Varanasi, Ranchi, Kolkata Highway from the National Highways Authority of India for a total project cost of Rs 3264.43 crores.
The construction period is 24 months from the appointed date, followed by a 15-year operation period.
Looking at the financials of PNC Infratech Ltd, net revenue increased by 6.4 percent year on year, from Rs 1,795 crore in Q2FY23 to Rs 1,911 crore in Q2FY24. Their revenue fell 8.6 percent sequentially from Rs 2,092 crore in Q1FY24 to the current levels.
Furthermore, the company’s net profit increased by 12 percent year on year, from Rs 132 crores in Q2FY23 to Rs 148 crores in Q2FY24. Their profit decreased by 18 percent sequentially from Rs 181 crore in Q1FY24 to current levels.
The company has a low price-to-earnings ratio of 14 compared to its competitors, also it has a return on equity of 16 percent, a return on capital employed of 15 percent, and a net profit margin of 8 percent.
PNC Infratech Ltd has a market capitalization of Rs 8,780 crores, the share price of the company rose by 2.8 percent in the last six months and 10.4 percent in the year to date.
The promoter of the company owns 56 percent of the company, the general public owns 5 percent, foreign institutional investors own 11 percent, and domestic institutional investors own 28 percent.
PNC Infratech Limited is one of the country’s leading infrastructure development, construction, and management firms. Highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure projects are undertaken by the company.
Written by Sriram KV
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