Infra stock engaged in providing construction and development services on EPC and other basis hit a 2 percent upper circuit in the day’s trade upon receiving a work order worth ~Rs. 17 Crores for supply of 2,371MT of steel rods.
Price Action
With a market capitalization of Rs. 435 Crores, the shares of AVP Infracon Limited hit a 2 percent upper circuit in the day’s trade at Rs. 174.15 per equity share, from its previous day’s close price of Rs. 170.75.
What Happened
AVP Infracon Limited one of the leading infrastructure development companies has received a new work order from the District Rural Development Agency (DRDA), Kallakurichi for a consideration of Rs. 16.72 Crores.
The said work order is for the supply of 2,371 MT of 8mm and 10mm steel rods to the Kallakurichi District within a one-year timeframe, ensuring a steady and reliable flow of materials to support the district’s ongoing infrastructure and development projects.
About the Company
AVP Infarcon Limited is engaged in the business of providing construction and development services on an Engineering, Procurement, and Construction (EPC) basis. It has a strong order book of ~Rs. 300 Crores
It specializes in segments including Expressways, National Highways, State Highways, Flyovers, Bridges, Viaducts, Irrigation Projects, Urban Development – Civic Amenities, and Commercial Projects.
AVP Infarcon Limited is expecting a positive jump of over 50 percent in turnover for FY ’25. Targeting a turnover of Rs. 500 crores for FY ’26 with an order book of INR 1000 crores.
Financials & Ratios
Its Revenue from operations grew by 42 percent YoY from Rs. 106 Crores in FY23 to Rs. 151 Crores in FY24, accompanied by profits of Rs. 12 Crores to Rs. 18 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 31 percent and a return on capital employed (ROCE) of 26.3 percent. It has reported a debt-to-equity ratio of 1.03.
Written by: Bharath K.S
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