The shares of one of the fastest-growing niche infrastructure players hit a 5 percent upper circuit of Rs 116.31 apiece after the company received an order worth Rs 37.77 crore for the construction of Deeply Depleted Uranium Oxide.
With a market capitalization of Rs 441.29 crore, the shares of RPP Infra Projects Ltd were trading at Rs 116.31 per share, increasing around 4.99 percent as compared to the previous closing price of Rs 110.78 apiece.
According to the exchange filing, RPP Infra Projects Ltd has received a letter of acceptance for the new project construction of the deeply depleted uranium oxide (DDUO) Building at BARCF, Kalpakkam, chengalpattu Tamilnadu at a contract price of INR 37.77 Crores.
RPP has an order book worth Rs 3,200 crore as of March 31, 2023. Furthermore, the Company’s income has increased dramatically over the years, rising from Rs 580.69 crore in 2018-19 to Rs 1,005.23 crore in 2022-23.
Looking into the company’s financial, RPP Infra Projects Ltd’s revenue increased by 45 percent from Rs 256 Crore in Q2FY23 to 372 Crore in Q2FY24. During the same period, net profits increased by 750 percent from Rs 2 crore to Rs 17 crore.
To date, the company has completed more than 200 civil construction projects in various segments. Over the years, the Company has intentionally concentrated on small to medium government projects, having a strong presence in southern states like as Karnataka, Tamil Nadu, Telangana, and Andhra Pradesh.
RPP Infra Projects Ltd reported return ratios in the recent financial year with a return on equity (ROE) of 7.63 percent and a return on capital employed (ROCE) of 12.8 percent.
The stock has delivered a multi-bagger return of 102.00 percent in six months and 200 percent in a year. As a result, If an investor bought Rs 1 lakh shares in the company, their shares are now worth 3.00 lakhs in a year.
RPP Infra Projects Limited is a construction company that works on roads, buildings, industrial structures, power, irrigation, and waste management.
Written by:- Abhishek Singh
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