In Monday’s trading session, the shares of one of the infra stocks specializing in civil construction, including roads, bridges, and other infrastructure projects hit 2 percent upper circuit after receiving a new work order from Indore Municipal Corporation, Indore (M.P)
Price action
With a market capitalization of 82.8 Crores on Monday, the shares of V.L.Infraprojects Ltd hit 2 percent upper circuit after making a high of Rs 53.75 compared to its previous closing price of Rs 52.70.
What happened
V.L.Infraprojects Ltd has received a new work order worth Rs 16.31 Crores from Indore Municipal Corporation, Indore (M.P) for replacing the existing defective 1400 mm diameter gravity main pipeline from the intake well to the water treatment plant including all miscellaneous and all other allied civil works. The order is expected to be completed within six months
About the Company
V.L. Infraprojects Limited is a prominent infrastructure development company based in India, specializing in executing water supply and sewerage infrastructure projects mainly involving the procurement of pipes and their laying, joining and commissioning.
It involves civil engineering works like construction of civil work, pumping stations and installation of electro-mechanical equipment (pumping machinery) for distribution of water supply from the river to households, and also provides operations and maintenance services for water distribution pipelines, and has maintained a track record of successfully completing projects for government and private sector clients.
Financials
The company’s revenue rose by 2.3 percent from Rs. 51.2 crore to Rs 52.4 crore in H2FY24-25. Meanwhile, Net profit increased from a profit of Rs 3 crores to a profit of Rs 4 crore during the same period.
Key Financial ratios
V.L. Infraprojects Limited has an impressive Return on Equity (RoE) of 16.96 percent and a Return on Capital Employed (RoCE) of 20.64 percent and Furthermore, the company’s debt-to-equity ratio is 0.37.
Written by Sridhar
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