Infra stock engaged in the construction and development of roads, railways, bridges, and other structures hit a 2 percent upper circuit in the day’s trade upon receiving work order worth ~Rs. 70 Crores from Western Railways.
Price Action
With a market capitalization of Rs. 475 Crores, the shares of A B Infrabuild Limited hit a 2 percent upper circuit in the day’s trade at Rs. 95.47 per equity share, from its previous day’s close price of Rs. 93.60.
What Happened
A B Infrabuild Limited engaged in the construction of roads, railways, bridges and many more has received a new letter of acceptance from Western Railways, Indian Railways for a consideration of ~Rs. 70 Crores.
The said work order is for the Construction, Extension, and Rebuilding of FOBs, Elevated Deck, Skywalk, and other structures between Goregaon to Malad stations in connection with the Extension of the Harbour Line between Goregaon to Borivali stations (MUTP 3A) in Mumbai, Maharashtra.
About the Company
A B Infrabuild Limited is engaged in the construction and development of Infra projects like roads, railways, branches and sidings, bridges, and many other structures.
Its services include Road Over Bridge, Foot Over Bridge services, and services in new station infrastructure, civil & structural work, track formation, track linking, gauge conversion, laying new railway lines, and many others.
Financials and Ratios
Its revenue from operations declined by 12 percent from Rs. 53.88 Crores in H1FY24 to Rs. 47.23 Crores in H1FY25, accompanied by profits of Rs. 4.08 Crore to Rs. 3.58 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 20 percent, and a Return on capital employed (ROCE) of 22.3 percent. It has reported a debt-to-equity ratio of 0.35.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
