Multibagger stock which is one of the leading players in providing an entire value chain of solutions for water supply and irrigation projects hit a 5 percent upper circuit in the day’s trade, upon receiving a work order worth Rs. 425 Crores.
The shares of WPIL Limited hit a 5 percent upper circuit in the day’s trade at Rs. 3,413.80 and its market capitalization is Rs. 3,414 Crores. It has delivered multi-bagger returns of 204 percent in a year.
WPIL Limited has received a work order worth Rs. 425.35 Crores from PHED, Government of West Bengal for the execution of a turnkey Project for Package II of the Surface-based Water Supply Scheme in the Northern Sector under Purulia District. The said work is to be completed within 27 months and 3 years of operation and maintenance.
WPIL Limited is engaged in providing an entire value chain of solutions from design to execution of water supply and irrigation projects for industrial units, power utilities, irrigation departments, and many more.
It has a global presence across India and 8 international locations with 12 strategic manufacturing locations and as of Q2FY24, it has a strong order book worth Rs. 4,566.9 Crores.
It has reported a return on equity (ROE) of 30.47 percent and a return on capital employed (ROCE) of 32.79 percent, it is making good returns on its equity and capital employed.
The company’s revenue from operations grew 51.09 percent from Rs. 1,181.28 Crores in FY22 to Rs. 1,784.8 Crores in FY23, accompanied by increasing profits of Rs. 97.33 Crores to Rs. 189.17 Crores.
Written by: Bharath K.S
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