The infrastructure sector in India is an important driver of the country’s economic growth. Infrastructure stocks in India refer to companies involved in developing and operating infrastructure projects such as roads, bridges, airports, and power plants. The infrastructure stocks in India offer promising investment opportunities.
Listed below are such infrastructure stocks with an order book of upto Rs. 57,536 crores:
H.G. Infra Engineering Ltd
With a market capitalization of Rs. 9,840 crores, the shares of H.G. Infra Engineering started Friday’s trading session on a flatter note at Rs. 1,511.55. During the trading session, shares hit a high of Rs. 1,545.95, gaining around 2 percent and are currently trading at Rs. 1,538 apiece.
Looking at the company’s financial statements, the revenue zoomed by 24 percent from Rs. 1,364.53 crores in the December quarter to Rs. 1,708.26 crores during the March quarter. On the other hand, the net profits magnified by 86 percent from Rs. 102.05 crores to Rs. 190.03 crores during the same timeframe.
As of March 31, 2024, the company boasted an impressive order book totalling Rs. 12,434 crores. Predominantly, 68 percent of these orders were attributed to highway projects. Additionally, 21 percent of the orders originated from railway and metro projects. The remaining 11 percent of orders were dedicated to solar projects.
Dilip Buildcon Ltd
With a market capitalization of Rs. 6,215 crores, the shares of Dilip Buildcon started Friday’s trading session on a flatter note at Rs. 426 compared to its previous close of Rs. 425.60. During the trading session, the shares hit a low of Rs. 422, losing around 1 percent and are currently trading at Rs. 425 apiece.
Coming onto the company’s financial statement, the revenue increased by 17 percent from Rs. 2,876.84 crores during Q3FY24 to Rs. 3,365.62 crores in Q4FY24. On the other hand, due to the increase in expenses, the net profits declined by 98 percent from Rs. 112.87 crores to Rs. 2.66 crores during the same period.
As of March 31, 2024, the company has a diversified order book of Rs. 17,431.6 crores from 8 verticals. The majority of the orders were received for roads and highway construction, which amounts to 37.36 percent of the order book and the remaining 62.64 percent of orders were received for irrigation, metro, water supply, tunnels, airports, mining and special bridges and urban development.
NCC Ltd
With a market capitalization of Rs. 18,189 crores, the shares of NCC started Friday’s trading session on a higher note at Rs. 289.10 compared to its previous close of Rs. 288.20. During the trading session, the shares hit a low of Rs. 287, losing around 1 percent and are currently trading at Rs. 287.50 apiece.
Looking at the company’s financial statements, the revenue increased by 23 percent from Rs. 5,260.08 crores during the December quarter to Rs. 6,484.88 crores in the March quarter. In addition, the net profits increased marginally by 3 percent from Rs. 230.96 crores to Rs. 238.74 crores during the same timeframe.
As of March 31, 2024, the company has a diversified order book of Rs. 57,536 crores. The company received 39 percent of its orders for the construction of buildings and the remaining 61 percent of orders were received from Transportation, Water and Railways, Electrical, Mining, Irrigation and other sectors.
Written By Vaibhav Patil
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