Multibagger infra stock hits 2 percent upper circuit after it bags its largest order till date worth Rs. 739 crores from National Highways Authority of India (NHAI) for the construction of 4 lane Bypass in the state of Uttar Pradesh.
In today’s trade the shares of GPT Infraprojects hit 2 percent upper circuit at a price of Rs. 112.40 and the market capitalization of the company is Rs. 659.90 crores.
As per the company’s filing, GPT Infraprojects bags its largest single order till date worth Rs. 739 crores from National Highways Authority of India (NHAI) for the Construction of new 4 lane Prayagraj Southern Bypass in the state of Uttar Pradesh on Engineering, Procurement and Construction (EPC) basis.
The outstanding order book for the Company now stands at approximately Rs. 2,838 Crore with total order inflow for Fiscal 2024 of Rs. 1,019 Crore.
It has delivered multibagger returns of 138 percent in the last six months and 81 percent in a year. A shareholders investment of Rs. 1 Lakh in the company would be worth Rs. 2.38 Lakh in the last six months.
As per the company’s financial statements its revenue grew 19.96 percent from Rs. 674.52 crores in FY22 to Rs. 809.15 crores in FY23, accompanied by increasing profits of Rs. 22.94 crore to Rs. 29.77 crore.
It has reported a return on equity (ROE) of 11.16 percent and a return on capital employed (ROCE) of 14.48 percent, the company is performing well and increasing its profitability ratios year on year.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 75 percent stake, the Domestic Institutional Investors hold 1.50 percent and the Foreign Institutional Investors (FII) hold 0.06 percent.
GPT Infraprojects Limited, is a premier infrastructure company, it is engaged in the execution of civil and infrastructure projects especially large bridges and ROBs for Railways and it also manufactures and supplies concrete sleepers for Railways in India and Africa.
Written by: Bharath K.S
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