Infra stock engaged in construction and development across multiple infrastructure verticals like roads, buildings, industrial structures, and many others jumped 11 percent in the day’s trade upon receiving work order to build project “96 Legends” in Sri Lanka.
Price Action
With a market capitalization of Rs. 817 Crores, the shares of RPP Infra Projects Limited were trading at Rs. 214.55 per equity share, up 5 percent from its previous day’s close price of Rs. 203.90.
What Happened
RPP Infra Projects Limited has in principle reached an agreement with Wills Realtors Pvt Ltd for the development of the project “96 Legends” in Sri Lanka. It involves the company or its subsidiary investing in the Project as a developer including funding part of the project capex.
Project “96 Legends” is an architectural marvel celebrating Sri Lanka’s cricketing triumphs. This monumental structure stands as a beacon of excellence, embodying the spirit of the ’96 Cricket World Cup victory
Recent work orders
Its recent work orders involve, LOA worth Rs. 21.83 Crores from Bhabha Atomic Research Centre, for the Construction of Service supporting structures, RCC culverts, sewer lines, and associated works.
It received another LOA worth Rs. 38.32 Crores from State Industries Promotion Corporation of Tamilnadu Limited, for Sipcot- Formation of Balance Internal Roads including Construction of Rcc Side Drain & Culverts and Providing Street Lights at Mega Leather Park Panapakkam in Ranipet District, Tamilnadu.
About the company
RPP Infra Projects Limited is engaged in the construction and development of multiple infrastructure verticals, such as roads, buildings, industrial structures, power, irrigation, water management, and many more. As of Q2FY25, it has a strong order book of Rs. 6,088.8 Crores
Financials & Ratios
Its revenue from operations grew by 6 percent from Rs. 372 Crores in Q2FY24 to Rs. 394 Crores in Q2FY25, accompanied by profits of Rs. 17 Crores to Rs. 19 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 12.97 percent, and a return on capital employed (ROCE) of 19.33 percent. It has reported a debt-to-equity ratio of 0.07.
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.
