The shares of an Infrastructure company, specializing in civil construction and related services, including general contracting and project management, for various sectors like industrial, commercial, and residential projects, hit a 5 percent upper circuit upon receiving a work order at SILOX India Pvt. Ltd, Dahej.
Price action
With a market capitalization of Rs. 53.35 Crores on Monday, the shares of Conart Engineers Limited hit a 5 percent upper circuit, making a high of Rs. 84.96 compared to its previous closing price of Rs. 80.92.
What Happened
Conart Engineers Limited, engaged in civil construction and related services such as general contracting and project management, has received a work order for civil work at SILOX India Private Limited, Dahej.
The order includes the construction of a compound wall and civil work for site grading and earthwork at SILOX India, with a total project cost of Rs. 16.52 Crores. The work is scheduled for completion within 12 months for the compound wall and 6 months for site grading, starting from April 15, 2025.
About the Company
Conart Engineers Limited is a leading player in the civil construction industry, specializing in general contracting, project management, and infrastructure development. The company offers a wide range of services, including building, civil engineering, and related services for both private and public sector projects.
Marquee Clients
Conart Engineers Limited serves a diverse range of marquee clients, including leading names such as Lupin Pharmaceuticals, Indian Petrochemicals Corporation Ltd, Asian Paints, Voltas Limited, Setco Automotive, and many others, showcasing its strong reputation in the industry.
Key Insights
The company has a P/E ratio of 19.64, below the industry average of 23.25, indicating potential undervaluation. Its PEG ratio of 0.25 further supports this view. The company is debt-free and has achieved an average net profit growth of 33.85 percent over the past three years.
Financials
The company’s revenue rose by 44 percent, from Rs. 13.81 crore to Rs. 14.23 crore in Q3FY24-25. Meanwhile, the net profit declined from Rs. 1.16 crore to Rs. 0.21 crore during the same period.
Written by Sridhar J
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