The share price of one of the largest EPC firm in the Railway and Urban Infrastructure sector rose by 2 percent on the day after a foreign company sold a stake.
On Friday, GPT Infraprojects Ltd share hit a 2 percent upper circuit to a 52-week high price of Rs 168.10 per share. The company has a market capitalization of Rs 977 crores.
Foreign company Nine Rivers Capital sold 3,41,410 equity shares or 0.58 percent of paid-up equity in the company at an average price of Rs 164.5 per share. Nine Rivers held 44.02 lakh shares or 7.57 percent stake in the company as of September 2023.As per NSE data.
As of the second quarter of 2024, the company has a strong order book of 2,877 crore. The company received 89 percent revenue from the infrastructure segment and 11 percent revenue from concrete sleepers from the railway segment.
The company’s revenue has increased by 53 percent year on year, from Rs 153 crore in Q2FY23 to Rs 234 crore in Q2FY24. During the same year, the company’s net profit rose by 180 percent, from Rs 5 crore to Rs 14 crore.
As of the recent shareholding pattern, the company promoter holds a 75 percent stake in the company, while Foreign Institutional Investors hold a 0.06 percent stake and Domestic Institutional Investors hold a 1.51 percent stake.
GPT Infraprojects Ltd is a construction company engaged in executing civil and infrastructure projects. It also manufactures concrete sleepers for railways sleepers out of concrete.GPT is the only Indian firm with a concrete sleeper business in three countries: South Africa, Namibia, and Ghana.
GPT Infraprojects shares have delivered a multibagger return of 160 percent in the last six months and 205 percent in a year. A shareholder investment of Rs 1 lakh in the company, would be worth Rs 3.05 lakhs in a year.
The company has notable clients that include RITES, NHAI, RVNL, Ircon International Ltd, and many more.
Written by Omkar Chitnis
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