The shares of this railway stock jumped around 3 percent after it received a project under the Gati Shakti Sealdah Division of Eastern Railway worth Rs. 32.62 million.
With a market capitalization of Rs. 179 crores, the shares of BCPL Railway Infrastructure Ltd opened Thursday’s trading session positively at Rs. 109 making a gain of around 3 percent and currently trading at Rs. 107 apiece.
Such a positive movement was observed after the company in an exchange filing mentioned that it had received a project under the Gati Shakti Sealdah Division of Eastern Railway for the work of 25 KV OHE and allied electrical works in connection with the Provision of 12 meters wide FOB at the multiple stations of Sealdah Division. The total project cost comprises Rs. 32.62 million and it is expected to be executed in 12 months.
Looking at the company’s financial statement, the revenue increased by around 16 percent from Rs. 19.83 crores in Q1 FY24 to Rs. 22.97 crores during Q2 FY24. In addition, the net profit increased by around 22 percent from Rs. 1.73 crores to 2.11 keeping the same timeframe.
Coming onto the important financial ratios, the return on equity was at 9.94 percent during FY 22-23 and the return on capital employed was recorded at 15.27 percent during the same period.
According to the latest shareholding pattern, the Promoters have a 73.30 stake in the company and the remaining 26.70 percent are with the Retail Investors.
In just 6 months, the company’s stock has delivered multibagger returns of 138 percent to its stakeholders. For example, if someone had invested Rs. 1 lakh six months ago, then, the worth of those shares would be Rs. 2.38 lakhs now.
Headquartered in Kolkata, BCPL Railway Infrastructure Ltd was incorporated in 1995. The company is expertise in the field of railway infrastructure development. Its business activities include designing, erecting, drawing, supplying, and commissioning Single Phase Traction Overhead Equipment.
Written By Vaibhav Patil
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