The shares of an Infrastructure company, specializing in a wide range of infrastructure development projects, including roads, buildings, industrial structures, power, irrigation, and water management, jumped upto 2 percent upon receiving a work order from the Thoothukudi City Municipal Corporation.
With a market capitalization of Rs. 828.08 crores on Thursday, the shares of R.P.P. Infra Projects Limited jumped upto 2.2 percent, making a high of Rs. 167.80 per share compared to its previous closing price of Rs. 164.20 per share.
R.P.P. Infra Projects Limited, engaged in providing a wide range of infrastructure development projects, including roads, buildings, industrial structures, power, irrigation, and water management, has received a new domestic work order from the Thoothukudi City Municipal Corporation.
The order is for the construction of a modern District Central Library at Dhanasekar Nagar, Thoothukkudi. The contract, valued at Rs. 9.47 crores and is expected to be completed within 12 months, and the project also includes standard contractual terms such as performance security.
Financials & Others
The company’s revenue rose by 5.9 percent from Rs. 340.58 crore to Rs. 360.77 crore in Q3FY23-24. Meanwhile, Net profit increased from Rs. 16.11 crore to Rs. 18.87 crore during the same period.
The company has a strong financial position with a low P/E ratio of 12.17 compared to the industry average of 19.94, and a low debt-to-equity ratio of 0.07. It has recorded an average 3-year revenue growth of 19.07 percent and net profit growth of 120.16 percent.
R.P.P. Infra Projects Limited is an infrastructure company with a diverse portfolio spanning multiple sectors. They operate primarily in infrastructure development, specializing in highways, roads, bridges, industrial structures, power, irrigation, and water management projects.
The company has executed over 150 projects, particularly in South Indian states such as Tamil Nadu, Karnataka, Andhra Pradesh, as well as in the Union Territories of Pondicherry and Andaman & Nicobar Islands. It has also ventured into SEZ development and international projects, including operations in West Africa.
R.P.P. Infra Projects Limited currently has an order book of Rs. 2,994 crores, comprising 44 ongoing projects with work yet to be completed. During this financial year up to January 2025, the company secured new contracts worth Rs. 1,575 crores. This strong order pipeline is expected to drive the company’s growth in the current and coming years.
Written by Sridhar J
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.
