Infra stock engaged in providing construction and allied services across residential, commercial, and institutional projects jumped 5 percent in the day’s trade upon receiving a work order worth Rs. 59 Crores for an Adani project.
Price Action
With a market capitalization of Rs. 433 Crores, the shares of Chavda Infra Limited were trading at Rs. 175.80 per equity share, up 1.6 percent from its previous day’s close price of Rs. 173.10.
What Happened
Chavda Infra Limited has received a new work order from Summerwoods Developers India LLP for providing Construction work including R.C.C. Work, Masonry, Plaster & Other Work for the Greenfield-Adani Shantigram project for a consideration of Rs. 59.36 Crores, and the work should be completed within 24 months.
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About the Company
Chavda Infra Limited is engaged in providing construction and allied services across residential, commercial, and institutional projects. It provides services ranging from planning and design to construction and post-construction activities. It has an order book of Rs. 879 Crores.
Financials & Ratios
Its Revenue from operations grew by 49.27 percent from Rs. 162 Crores in FY23 to Rs. 242 Crores in FY24, accompanied by profits of Rs. 12 Crores to Rs. 19 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 61.7 percent, and a return on capital employed (ROCE) of 38.5 percent. It has reported a debt-to-equity ratio of 0.94.
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Written by: Bharath K.S
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