Synopsis:
Garuda Construction and Engineering Limited has been awarded an EPC contract of Rs.143.96 crore by Orbit Ventures Developers for the civil construction of the “Shikhar-B” redevelopment project in Oshiwara, Mumbai.
The shares of a small-cap company provide end-to-end civil construction for residential, commercial, and residential cum commercial, infrastructure, and industrial projects, drew investor attention after securing a contract worth Rs.143.96 crore.
With a market capitalization of Rs.1,882.70 Crores, the shares of Garuda Construction and Engineering Limited were trading at Rs.202.65, up by 7.76 percent from its previous day closing price of Rs.188.05.
Work Order
Garuda Construction and Engineering Limited has received an EPC work order worth Rs.143.96 crore from Orbit Ventures Developers for the civil work of the “Shikhar-B” redevelopment project in Oshiwara, Mumbai.
The project is expected to be completed within 36 months from the receipt of the further commencement certificate. Under the contract terms, Garuda Construction will be compensated through the allotment of earmarked flats in the redeveloped project instead of a direct cash payment.
Also Read: Bonus Share: 5 Stocks in focus as they are set to turn ex-bonus tomorrow
About the Company & Others
Garuda Construction and Engineering is a Mumbai-based civil construction company expanding its presence across various sectors, including residential, commercial, mixed-use, hospitality, infrastructure, and industrial projects.
They offer a wide range of services, including constructing concrete and composite steel structures, as well as providing O&M, MEP, and finishing works. This allows them to deliver comprehensive construction and related services under a single banner.
The company’s revenue rose from Rs.35 crore in Q1FY25 to Rs.125 crore in Q1FY26, while its net profit rose from Rs.9 crore to Rs.28 crore during the same period. It has a return on equity of 22 percent and a return on capital employed of 30 percent. The company’s P/E ratio is 27.07, compared to the industry average of 21.60.
Written by Jhanavi Sivakumar
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. Trade Brains Technologies Private Limited 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.
