The shares of the Micro-Cap company, which specializes in providing construction and allied services across residential, commercial, and institutional projects, jumped upto 10 percent upon receiving a work order for Rs. 150 crores from Arvind Smartspaces.
With a market capitalization of Rs. 361.70 crores on Thursday, the shares of Chavda Infra Limited jumped upto 10.2 percent, making a high of Rs. 148 per share compared to its previous close of Rs. 133.05 per share.
Chavda Infra Limited, engaged in offering a diverse array of construction and related services for residential, commercial, and institutional projects in Gujarat, has secured a new work order worth Rs. 150 crore (excluding taxes) from Arvind Smartspaces Limited for the construction of residential infrastructure at Arvind Aqua City in Kalyangadh, Gujarat.
The project involves RCC work, masonry, plaster, and other related construction, to be completed over 24 months. With this order, the company has received Rs. 222.75 crore worth of projects in the current financial year and Rs. 441.73 crore in the current calendar year. The total order book now stands at Rs. 1,452.93 crore, with an unexecuted order value of approximately Rs. 925.84 crore.
Financials & others
The company’s revenue rose by 12.5 percent from Rs. 102.58 crore to Rs. 115.49 crore in H1FY24-25. Meanwhile, Net profit rose from Rs. 6.64 crore to Rs. 9.29 crore during the same period.
The company has a P/E ratio of 17.48, lower than the industry average of 37.82, and a PEG ratio of 0.62, indicating potential undervaluation. It maintains a moderate debt-to-equity ratio of 0.99, with strong promoter holdings of over 65 percent.
Chavda Infra Limited, established in 2012, is a prominent construction company based in Gujarat, India. It specializes in delivering residential, commercial, and institutional projects across cities like Ahmedabad, Gandhinagar, and Rajkot. The company operates under three main verticals: Contracting Services, Development Services, and Commercial Renting Services.
Chavda Infra serves a wide range of clients across residential, commercial, and institutional segments. Key residential and commercial clients include Shivalik Group, Zaveri Realty, and Nishant Construction. Institutional clients feature Nirma University and VR Group, while commercial clients include H N Safal, ARK Group, and the Sports Club of Gujarat.
Written by Sridhar J
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