Penny stock engaged in the business of various construction and infrastructure projects and trading in materials for construction hits a 2 percent upper circuit upon receiving multiple work orders for Rs. 65.25 Crores
With a market capitalization of Rs. 38 Crores the shares of Constronics Infra Limited hit a 2 percent upper circuit at Rs. 52.86 from its previous day’s close price of Rs. 51.83. It has delivered multibagger returns of 781 percent in a year.
Constronics Infra Limited has received a work order worth Rs. 55.17 Crores from KCP Infra Limited for the work of Widening from Two Lane to Four Lane and Strengthening Arcot Tindivanam Road (SH5) and Thiruvathipuram Bypass Road.
Including construction of a Major Bridge, Reconstruction and Widening of Culverts, Construction of Drain, Retaining wall, Bus Lay Bay, and Paver Blocks in the state Highways Department and the work order should be executed by 31st August 2025.
In Addition, it has received another work order for a consideration of Rs. 10.08 from NTPC Tamilnadu Energy Company Limited for the Lifting and trading of 8,00,000 MT of Wet ash from NTECL Vallur TPS and it should be executed within 15 days from the date of award.
Constronics Infra Limited is engaged in the business of various construction and infrastructure projects and trading in materials for construction and other purposes.
Its revenue from operations declined by 16.66 percent from Rs. 18 Lakhs to Rs. 15 Lakhs accompanied by profits of Rs. 7 Lakhs to Rs. 5 Lakhs.
It has reported a return on equity (ROE) of 27.3 percent, a return on capital employed (ROCE) of 10.3 percent, and a debt-to-equity ratio of 2.50.
Written by: Bharath K.S
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