Infra stock engaged in the business of civil construction of building roads, bridges, foot overbridges, earthworks, and numerous other Infrastructure constructions hits a 5 percent upper circuit in the day’s trade upon receiving a work order worth Rs. 181.45 Crores from North Central Railway.
Price action
With a market capitalization of Rs. 967 Crores, the shares of Giriraj Civil Developers Limited hit a 5 percent upper circuit at Rs. 404.25 per equity share, from its previous day’s close price of Rs. 385.
What Happened
Giriraj Civil Developers Limited has received a new work order from North Central Railway, Gwalior, for a Major upgradation of Khajuraho Railway Station by providing Engineering, Procurement and Construction (EPC) services for a consideration of Rs. 181.45 Crores.
About the company
Giriraj Civil Developers Limited is engaged in the business of civil construction of building roads, bridges, foot overbridges, earthworks, and numerous other Infrastructure constructions for the government, semi-government, corporation, and private organizations.
Giriraj Civil Developers Limited provides contracting services in various disciplines of civil construction projects and specializes in Railway civil construction work such as Railway Station Building, Officer Residential Building, Road over Bridge, Foot Over Bridge, Laying and fitting of track, and many more.
Financials and Ratios
Its revenue from operations grew by 41.56 percent from Rs. 95 Crores in FY23 to Rs. 135 Crores in FY24, accompanied by profits of Rs. 4 Crores to Rs. 10 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 16.8 percent and a return on capital employed (ROCE) of 19.8 percent. It has reported a debt-to-equity ratio of 0.09.
Written by: Bharath K.S
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