On Wednesday’s first half session, G R Infraprojects Ltd shares rose 4 percent to Rs 1319. The company has a market capitalization of Rs 12,488 crore. The stock price jumped after the firm received an order from NHAI.
According to the exchange filing, the company received an order worth Rs 1085.47 crore from NHAI for a construction project of Four laning of NH 530B from Kasganj Bypass End to Chandan Nagar in the State of Uttar Pradesh.
The project period is 730 days from the appointed date whereas the operation period is 15 years. At 1:00 pm, the stock was trading at Rs 1,292.95 on the NSE, up 2.17 percent from its previous close.
In the last month, the stock has gained 18.44 percent ranging from Rs 1,090.95 to the current price, G R Infraprojects Ltd was Incorporated in the year 1995, Company has immense expertise in civil construction. It has a presence in 15 Indian states.
The company order book inflow in Q4 of FY23 stands at Rs 15,100 crore. As per standalone financials, Operating revenue increased from Rs 1,898 crore in Q3 to Rs 1,994 crore in Q4. Similarly, net profit increased from Rs 174 crore to Rs 192 crore.
On a year-on-year basis, revenue climbed by 3 percent, from Rs 7,919 crores in FY 21-22 to Rs 8,147 crores in FY 22-23. During the same time period, Net Profit climbed by 12 percent, from Rs 760 crores to Rs 851 crores.
The profitability ratio for Fiscal Year 2023 is ROE at 16.33 percent and ROCE at 21 percent. Similarly, the operating margin increased to 15.32 percent, while the net profit margin was at 10.45 percent.
While on June 19, Company’s wholly-owned subsidiary GR Logistics Park executed a concession agreement with the National Highways Logistics for an order of Rs 758.10 crore for the development, operation, and maintenance of Multi-Modal Logistics Park in Indore. As per the shareholding pattern of FY 22-23, promoters own 79.74 percent of the company, while domestic institutional investors own 16.17 percent.
Written by Omkar C
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
