The infrastructure sector in India is an important driver of the country’s economic growth. Infrastructure stocks in India refer to companies involved in developing and operating infrastructure projects such as roads, bridges, airports, and power plants. The infrastructure stocks in India offer promising investment opportunities.
Listed below are the stocks that have recorded decent results with a robust order book:
ITD Cementation India Ltd
With a market capitalization of Rs. 6,851 crores, the shares of ITD Cementation India started Wednesday’s trading session on a higher note at Rs. 409 compared to its previous close of Rs. 403.40. During the trading session, the shares hit a high of Rs. 418.50, gaining around 2 percent and are currently trading at Rs. 398 apiece.
Looking at the company’s financial statements, the revenue increased by 12 percent from Rs. 2,017.16 crores during the December quarter to Rs. 2,257.72 crores in the March quarter. In addition, the net profits jumped by 14 percent from Rs. 78.6 crores to Rs. 89.56 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue zoomed by 38 percent from Rs. 1,631.41 crores in Q4FY23 to Rs. 2,257.72 crores in Q4FY24. On the other hand, the net profits magnified by 138 percent from Rs. 37.66 crores to Rs. 89.56 crores during the same timeframe.
As of March 2024, the company holds an order book valued at Rs. 19,918 crores. Of this, 49 percent of the orders were from the Government, 18 percent from Public Sector Undertakings (PSUs), and the remaining 33 percent from the Private sector. Additionally, during FY24, the company secured a significant order worth Rs. 6,900 crores.
Looking at the segment-wise order book, ITD Cementation obtained 31 percent from the Maritime Structures sector, 22 percent from Urban Infrastructure, Mass Rapid Transit Systems (MRTS), and Airports, while the remaining 41 percent emanated from projects encompassing Highway construction, Bridges, Flyovers, Industrial Structures, Buildings, Hydro projects, Dams, Tunnels, Irrigation systems, as well as Water and Waste Water initiatives.
Capacit’e Infraprojects Ltd
With a market capitalization of Rs. 2,601 crores, the shares of Capacit’e Infraprojects started Wednesday’s trading session on a higher note at Rs. 328 compared to its previous close of Rs. 321.50. During the trading session, the shares hit a low of Rs. 306.55, losing around 5 percent and are currently trading at Rs. 307 apiece.
Looking at the company’s financial statements, the revenue increased by 25 percent from Rs. 480.68 crores during the December quarter to Rs. 598.89 crores in the March quarter. In addition, the net profits surged by 75 percent from Rs. 29.58 crores to Rs. 51.81 crores during the same period.
Comparing the same metrics on a YoY basis, the revenue zoomed by 34 percent from Rs. 446.72 crores in Q4FY23 to Rs. 598.89 crores in Q4FY24. On the other hand, the net profits magnified by 139 percent from Rs. 21.65 crores to Rs. 51.81 crores during the same timeframe.
As of March 31, 2024, Capacit’e Infraprojects has an order book of Rs. 9,011 crores, Out of which the public sector accounts for 69 percent, while the private sector accounts for 31 percent of the total order book. Further, this order book includes various projects such as commercial buildings, healthcare facilities, hospitals, medical colleges, police housing, and residential projects.
Written By Vaibhav Patil
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