A micro-cap infrastructure company saw its shares hit the 2 percent upper circuit after it secured a major order worth Rs.154.43 crore for fabricated boiler components. The project, awarded by Bharat Heavy Electricals Limited (BHEL) in Jharkhand, is expected to boost the company’s order book and strengthen its position in the industrial fabrication segment.
During Monday’s trading session, the shares of RPP Infra Projects Ltd’s share price reached an intra-day high of Rs.174.44 per share, hitting a 2 percent upper circuit limit from its previous close of Rs.171.02 apiece. Over the past five years, the shares have delivered over 460 percent returns.
Contract Specifications
RPP Infra Projects Ltd has received a Letter of Acceptance for a new project valued at approximately Rs.154.43 crores (inclusive of GST). The project, awarded by the Central Procurement Cell of Bharat Heavy Electricals Limited (BHEL), entails the supply of factory-finished fabricated boiler structures under “Package-B” at Koderma in Jharkhand. The official LoA was received on May 16, 2025.
The awarding authority is the Manager (Purchase) of the Central Procurement Cell. This is a domestic contract with a performance security clause included as part of the terms and conditions. The project is expected to be completed within 17 months, and it reinforces RPP Infra’s capabilities in executing large-scale infrastructure fabrication assignments.
Order Book Details
RPP Infra Projects Ltd has secured a total of 15 new projects across India, cumulatively valued at Rs.1,575.21 crores, as of January 2025. These projects span diverse sectors including infrastructure, buildings, and water management, underscoring the company’s expanding footprint in the domestic construction market.
Additionally, the company has been awarded a significant international project a residential complex named “Legend 96” in Sri Lanka, valued at approximately Rs.764 crores. This marks a key milestone in its global operations and highlights its capability to handle large-scale residential developments.
Earnings Report
In its latest financial update for Q3 FY25, RPP Infra Projects Ltd reported revenue of Rs.355 crore, reflecting an increase of approximately 8.9 percent from Rs.326 crore in Q3 FY24. On a sequential basis, revenue declined by about 9.9 percent from Rs.394 crore in Q2 FY25, indicating a slowdown in operational performance.
The company recorded a net profit of Rs.19 crore, up around 18.8 percent from Rs.16 crore in Q3 FY24. Compared to Rs.19 crore in Q2 FY25, net profit remained stable.
The company has a Return on Capital Employed (ROCE) of 19.33 percent and a Return on Equity (ROE) of 12.97 percent. Its Price-to-Earnings (P/E) ratio stands at 12.5, lower than the industry average of 19.94. Furthermore, the company maintains a current ratio of 2.00, a debt-to-equity ratio of 0.07, and an Earnings Per Share (EPS) of Rs.13.56.
Written by – Siddesh S Raskar
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