The shares of this construction company gained around 4 percent after the company received an order of Rs 174.68 crore from Dy. Chief Engineer Construction, Ajmer, Rajasthan, for Railway project.
Vishnu Prakash R. Punglia Ltd. is a small-cap company with a market capitalization of Rs 2,401.27 crore. On Monday, The company shares were trading at Rs 198.30 a share, an increase of 2.93 percent from the previous stock price of Rs 192.65.
According to the exchange filing, Vishnu Prakash R Punglia Ltd. and CIPEL AMBAJI JV is a joint venture in which Vishnu Prakash R. Punglia Ltd acting as a lead partner received an order worth Rs 174.68 crore from Dy. Chief Engineer Construction, Ajmer, Rajasthan for constructing a railway station building, facilities for passengers, platforms, underpass shelters, and passenger facilities.
Looking at the company’s financials, the company’s revenue increased 48.73 percent
from Rs. 785.61 crores in FY 2022-23 to Rs. 1,168.4 crores in FY 2023 – 24. Further, During the same period, net profit increased by 102.1 percent from Rs 44.85 crores to Rs 90.64 crores.
Company stock gave a 12.91 percent return in one month and 34.42 percent in six months.
The company reported excellent return ratios from the previous financial year. Return on equity (ROE) increased from 32.94 percent in FY 2021-22 to 38.31 percent in FY 2022-23, and in the same time frame, return on capital employed (ROCE) increased from 30.19 percent.
As per the recent shareholding pattern, the company’s promoters own 67.81 percent, retail shareholders own a 22.59 percent stake, and foreign institutional investors own a 4.66 percent stake in the company.
Vishnu Prakash R. Punglia Ltd. is one of India’s fastest-growing designing and constructing infrastructure development companies.
Written by:- Abhishek Singh
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