Infra stock engaged in providing construction and development services on EPC and other basis hit a 5 percent upper circuit in the day’s trade following the acquisition of 23 acres of land for expansion of crushing capacity.
Price Action
With a market capitalization of Rs. 506.20 Crores, the shares of AVP Infracon Limited hit a 5 percent upper circuit in the day’s trade at Rs. 202.65 per equity share, from its previous day’s close price of Rs. 193.
What Happened
AVP Infracon Limited’s partnership firm Kanthan Blue Metals has executed a sale deed towards purchasing 23 acres of land in Kangeyam Taluk, Tirupur District for a consideration of Rs. 17 Crores for setting up a Crusher unit.
The main objective for setting up a Crusher unit is to cater to the increased demand for blue metals and ensure a steady supply of quality raw materials for the company’s business expansion.
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 and Ratios
Its revenue from operations grew by 63 percent from Rs. 67 Crores in H1FY24 to Rs. 109 Crores in H1FY25, accompanied by profits of Rs. 7 Crores to Rs. 13 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 22.82 percent, and a Return on capital employed (ROCE) of 18.59 percent. It has reported a debt-to-equity ratio of 1.12.
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.
