Shares of a company engaged in the business of construction across multiple infrastructure verticals are in focus on Monday, after receiving an order worth Rs. 87.5 crores from The Superintending Engineer, Greater Chennai Corporation, Storm Water Drain Department, Chennai.
With a market cap of Rs. 628 crores, the shares of RPP Infra Projects Limited opened in the red at Rs. 170, down by nearly 1 percent, as against its previous closing price of Rs. 171.7.
What’s the news
RPP Infra Projects has received a letter of acceptance for a new project from the Superintending Engineer of the Greater Chennai Corporation, Storm Water Drain Department, Chennai, with a contract value of Rs. 87.56 crores. The project is scheduled to be completed within 18 months.
According to the latest regulatory filings with the stock exchanges, the project involves the construction of Integrated Storm Water Drain Works for M1 and M2 components in the Kovalam Basin’s expanded areas under Package 16 covering various Streets of Zone 15.
Previous News & Orders
4th December 2024: RPP Infra bagged an order worth Rs. 21.83 crores from the Bhabha Atomic Research Centre, Nuclear Recycle Board, for the construction of service supporting structures, RCC culverts, sewer lines and associated works at the FRFCF project site at Kalpakkam, Tamilnadu.
22nd January 2025: The company secured an order valued at Rs. 28.77 crores from BHEL — CPC, Noida, for the erection, testing and commissioning of the Air Cooled Condenser (ACC) and related auxiliaries of Unit 2 at 3×800 MW PVUNL STPP in Patratu, Jharkhand.
Order Book
As of Q2 FY25, RPP Infra Projects has an order book comprising 54 projects valued at Rs. 6,088.78 crores. Of this total, Rs. 2,626.01 crores worth of project work has been completed and billed, leaving Rs. 3,399.80 crores worth of work is yet to be executed.
With a robust order book of Rs. 3,399.8 crores and the addition of Rs. 1,568.23 crores worth of projects in the first seven months of FY25, the company is optimistic about its progress toward achieving its vision of becoming a global leader in the construction industry.
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Financials
RPP Infra Projects reported a marginal rise in revenue from operations, experiencing a year-on-year increase of nearly 6 percent, rising from Rs. 372 crores in Q2 FY24 to Rs. 394 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 17 crores to Rs. 19 crores, representing a rise of around 12 percent YoY.
Key Financial Ratios
In terms of key financial metrics, RPP Infra Projects has a Return on Equity (RoE) of 14.4 percent and a return on capital employed (RoCE) of 22.6 percent. Additionally, the company’s debt-to-equity ratio stands at 0.07.
Stock Performance
The stock has delivered positive returns of nearly 17.2 percent in one year, while around 15.5 percent of negative returns in the last six months. The shares of RPP Infra have given negative returns of about 18.6 percent in the last one month.
About the company
RPP Infra Projects Limited is primarily engaged in three major segments: infrastructure development, residential and commercial buildings, and water management. It is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and water management
Written by Shivani Singh
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