A micro-cap stock surged 6 percent after securing a major civil works contract worth Rs.206.5 crores in Vijayawada, Andhra Pradesh. The order win highlights the company’s growing presence in large-scale infrastructure projects.
Price Movement
During Monday’s trading session, shares of Ganesh Infraworld Ltd reached an intra-day high of Rs.157.00 apiece, rising 6 percent from its previous closing price of Rs.148.05 apiece. However, the stock retreated later and is trading at Rs.153.50 apiece.
What Happened
Ganesh Infraworld Limited has received a sub-contract work order valued at Rs.206.5 crores for Balance of Plant (BOP) Civil Works in the Vijayawada region of Andhra Pradesh. This contract adds to the company’s growing portfolio in the civil infrastructure space and highlights its capability to undertake and deliver complex, large-scale projects.
The scope of work includes extensive civil and structural activities such as bulk excavation, site grading, and filling for plant and residential zones. It also covers reinforced concrete construction using high-grade materials, development of drainage systems, culverts, and both paved and unpaved internal roads.
Scheduled for completion within seven months, the project will be executed under the EPC model with a strong emphasis on safety and quality standards.
Recent Developments
Over the past nine months, Ganesh Infraworld Ltd. has achieved significant milestones, including the ahead-of-schedule completion of structural work for 5 lakh sq. ft. at the Nucleus Residential Project. The company also expanded its footprint in Odisha by initiating a water infrastructure project, which opens doors to long-term opportunities over the next seven years in this promising region.
To support these developments, a new office and operational hub was established in Bhubaneswar for smooth execution of the Odisha project. Additionally, the company successfully installed digital smart meters for Adani Energy across Maharashtra, raised funds through its IPO to fuel growth, and shifted its base to a larger 6,000 sq. ft. office in Sector V, Kolkata, with a dedicated design and planning division to boost operational efficiency.
Financial Performance
According to its recent financial updates, Ganesh Infraworld Ltd reported consolidated revenue of Rs.149 crores in Q3 FY25, marking a 56 percent increase from Rs.95 crores in Q2 FY25. Additionally, the company saw a surge in net profit to Rs.11 crores, rising 57 percent from Rs.7 crores in the same period last year.
Important Accounting Ratios
The company’s Price-to-Earnings (P/E) ratio stands at 13.23, lower than the industry average of 23.25. Furthermore, the company maintains a current ratio of 3.33, and a debt-to-equity ratio of 0.44.
Written by – Siddesh S Raskar
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