Infra stock engaged in providing Engineering, Procurement, and Construction (EPC) services catering to roads, metros, highways, and other infrastructure projects across India jumped upto 6 percent in the day’s trade upon receiving a new work order worth Rs. 904 Crores from MMRCL.
Price action
With a market capitalization of Rs. 16,631 Crores, the shares of GR Infraprojects Limited were trading at Rs. 1,720 per equity share, up 3 percent from its previous day’s close price of Rs. 1,664.80.
What Happened
GR Infraprojects Limited has announced that it has emerged as the lowest bidder and received a new work order in a tender invited by the Maharashtra Metro Rail Corporation Limited, Nagpur for a consideration of Rs. 903.53 Crores for the Nagpur Metro Rail Project phase 2.
The said work is for the design and construction of an Elevated Metro Viaduct of length 17.624 km between Ch. 21256.814 to Ch. 38881.7 including Railway spans of length 79m & 100m and a 6-lane Double-decker portion with Vehicular Underpass (VUP) for a total length of 1.14 km in Reach-1A of NMRP Phase-2 and it should be constructed within 30 months.
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About the Company
GR Infraprojects Limited is an integrated road Engineering, Procurement, and Construction company (EPC) engaged in the design and construction of roads, metros, highways, and other infrastructure projects across India.
As of Q1FY25, GR Infraprojects Limited has an order book of Rs. 14,974.6 Crores and it has a strong customer base with well-known players like NHAI, Ministry of Road Transport and Highways, PWD, Bangalore Metro Rail Corporation Limited, RVNL, NHPC, and many others.
Financials & Ratios
Its revenue from operations declined by 18 percent from Rs. 2,478 Crores in Q1FY24 to Rs. 2,030 Crores in Q1FY25, accompanied by profits of Rs. 310 Crores to Rs. 156 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 15.6 percent and a return on capital employed (ROCE) of 16.9 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.50.
Also Read: Smallcap stock jumps 6% after Vijay Kedia bought stake in the company
Written by: Bharath K.S
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