Infra stock engaged in providing engineering, procurement, and construction (EPC) services and operation & maintenance for Government and Private projects jumped upto 5 percent in the day’s trade upon receiving a new work order worth ~Rs. 161 Crores.
Price Action
With a market capitalization of Rs. 3,442 Crores, the shares of Vishnu Prakash Punglia Limited were trading at Rs. 276.10 per equity share, up 2 percent from its previous day’s close price of Rs. 270.40.
What Happened
Vishnu Prakash R Punglia Limited following the mode of tender has been selected and received a new work order from the Office of the DYCE-C-II-JP-ENGINEERING, NWR, Jaipur, Rajasthan, for a consideration of Rs. 160.86 Crores.
The said work order is for Earthwork in filling/cutting in formation, Blanketing, construction of station building including electrical and S&T structures, Passengers/ goods platforms, Platform shelters, and Foot over bridges,
It also includes Passenger amenities work, S&T structures, staff quarters, LHS /RUBs, Minor Bridges, Retaining walls, Toe wall, pitching work and all other ancillary works between JaipurChaksu stations from Km 131.270 to Km 87.60 in connection with Jaipur SawaiMadhopur Doubling Project.
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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 & Ratios
Its Revenue from operations declined by 7.77 percent YoY from Rs. 278 Crores in Q1FY24 to Rs. 257 Crores in Q1FY25, accompanied by profits of Rs. 16 Crores to Rs. 15 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.
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Written by: Bharath K.S
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