This SME company, which is engaged in constructing infrastructure projects, received a work order for the usage of the Aligarh-Kanpur section from the National Highways Authority of India (NHAI)
Price movement
With a market capitalization of Rs. 298 Crores, the shares of B.R. Goyal Infrastructure Ltd made a day high of Rs. 130.85, up by 8 percent from its previous day’s close price of Rs. 120.50.
Reason behind this rally
B.R. Goyal Infrastructure Ltd. announced on 7 March 2025, that the company received a work order under the engagement of user fee collection agency on the basis through E-Tender (a mode of digital bidding) for Newadakanthi fee plaza at Design Km 405.650 for the usage of four and more lane of Aligarh-Kanpur section of National Highway number 91 in Uttar Pradesh for a consideration fo Rs. 70.75 Crores.
Additionally, on March 3, 2025, the company received an order worth ₹30.71 crore from the National Highways Authority of India (NHAI) for White Topping Road construction and other works from Mahila College Circle to Bhavnagar Airport for Bhavnagar Municipal Corporation, Gujarat. With these recent contracts, the company continues to strengthen its position in infrastructure and highway development
Financial Highlights
It posted a revenue of Rs. 213 crores in September 2024, which decreased by 10 percent from its same quarter of the previous year’s revenue of ₹237 crores, accompanied by profits of ₹6 Crores and ₹4 Crores in September 2024 and September 2023, respectively, i.e, a gain of 50 percent in its earnings
Ongoing projects and order book
As of September 30, 2024, the company has an order book of ₹873 crores, i.e., approx 3x of its market capitalisation. Also, the company has 26 ongoing projects, which are bifurcated into Road and Highway projects worth ₹667 crore, building projects worth ₹173 crore, and toll projects worth ₹32 crore.
About the Company
B.R. Goyal Infrastructure is engaged in constructing infrastructure projects such as roads, highways, bridges, and buildings. The company operates in Madhya Pradesh, Mizoram, Maharashtra, Manipur, Gujarat, Haryana, Punjab and Uttar Pradesh. It derives its revenue mainly from its Engineering, Procurement and Construction (EPC) segment (68.18%) which is delivered mainly to the government. Some other sectors in which the company is involved are toll collection, machine hire and transportation, wind power generation, etc
Written by Satyajeet Mukherjee
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