Shares of this microcap company jumped around 3 percent in Friday’s trading session after receiving an order from NHIDCL worth Rs. 59.84 crores. The shares have delivered a muti-bagger return of 112 percent returns to its shareholders in one year.
With a market capitalization of Rs. 252 crores, the shares of Brahmaputra Infrastructure Ltd started Friday’s trading session on a higher note at Rs. 94.97, gaining around 3 percent compared to its previous close of Rs. 84.97 and are currently trading at Rs. 85.92 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced that it had signed the agreement with the office of Executive Director, National Highway & Infrastructure Development Corporation of India (NHIDCL) for a total amount of Rs. 59.84 crores.
The company signed the agreement for execution of the contract for the Rehabilitation and Up-gradation of the road from design Km 25.250 to Km 36.460 (Total Length: 11.210 Km) of Kailashahar – Kurti Bridge section of NH-208A to two lanes with paved shoulder in the State of Tripura on EPC mode (Package III).
Looking at the company’s financial performance, the revenue increased by 2 percent from Rs. 52.89 crores during the December quarter to Rs. 54.01 crores in the March quarter. On a contrasting note, the net profits decreased around 15 percent from Rs. 5.27 crores to Rs. 4.49 crores during the same timeframe.
As of May 2024, the consolidated order Book along with its Joint Venture / Operation partners of Brahmaputra Infrastructure Ltd was approximately Rs. 1,150 crores.
Furthermore, the company has a strong foothold in diverse infrastructure sectors, including bridges, flyovers, highways, airports, buildings, tunnels, and mining projects, with a focus on EPC and real estate development business.
Moreover, the infrastructure company is focusing on expanding its presence and executing diverse infrastructure projects and aims to continue its growth trajectory by undertaking new projects and ventures in the infrastructure sector.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 9.92 percent and a return on capital employed (RoCE) of 8.43 percent for the period spanning FY23-24. Additionally, during the same timeframe, the net profit margin stood at 7.80 percent.
Headquartered in New Delhi, Brahmaputra Infrastructure was incorporated in 1998. The company is into EPC and Real Estate Development Business and handles various projects like the Construction of Bridges, Flyovers, Highways, Airport, Building Construction, Tunnel projects, and Mining projects.
Written By Vaibhav Patil
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