Infra stock engaged in providing engineering, procurement, and construction (EPC) services and operation & maintenance for a wide range of infrastructure projects for Government and Private players jumped 3 percent in the day’s trade upon receiving a work order worth Rs. 68 Crores.
Price Action
With a market capitalization of Rs. 2,476 Crores, the shares of Vishnu Prakash R Punglia Limited were trading at Rs. 198.70 per equity share, up 1.38 percent from its previous day’s close price of Rs. 195.60.
What Happened
Vishnu Prakash R Punglia Limited has received a new work order from the Office of Executive Engineer Division XXIV(WS), Public Works Department Sarvana, Bicholim Goa, for a consideration of Rs. 67.81 Crores.
The said work order is for the Construction of a 15 MLD water treatment plant at Morlem Sattari including the construction of reservoirs, providing and laying of rising main, conveying mains in village panchayat Morlem, Poriem, Pissurlem, Honda, and Querim of Sattari taluka.
About the Company
Vishnu Prakash R Punglia Limited is engaged in providing engineering, procurement, and construction (EPC) services and operation and maintenance for the design and construction of various infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies.
It has Presence in 10 States and 1 Union Territory with a strong order book of Rs. 4,717 Crores spread across all the business segments that are to be executed over the next 24-36 months.
As for the segmental revenue breakdown, it generated 78 percent of its revenue from Water & Sanitation, Roadways 12 percent, Railways 7 percent, and Sewage Civil & Others 3 percent.
Financials and Ratios
Its Revenue from operations grew by 44.38 percent from Rs. 455.18 Crores in Q4FY23 to Rs. 657.21 Crores in Q4FY24, accompanied by profits of Rs. 38.42 Crores to Rs. 67.13 Crores.
In terms of Return ratios, it has reported a return on equity(ROE) of 23.6 percent and a return on capital employed (ROCE) of 24.7 percent. It has reported a debt-to-equity ratio of 0.55.
Written by: Bharath K.S
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