Synopsis:
Manglam Infra & Engineering jumped 11% after securing an order worth Rs 7.71 crore from the Ministry of Railways for securing the role of General Consultant (GC) for several projects under the CAO Construction (RSP Unit).
The shares of this engineering consultancy firm are in focus after the company announced securing a major order. In this article, we will dive more into the details of the order.
With a market capitalization of Rs 41.3 crore, the shares of Manglam Infra & Engineering Ltd hit a day high of Rs 24.90 per share, up by 11 percent from its previous day closing price of Rs 22.50 per share. In the last one year, the stock has corrected by over 75 percent.
About the order
Manglam Infra & Engineering Ltd, through a stock exchange filing, announced that it has received a Letter of Acceptance from the Ministry of Railways to take on the role of General Consultant (GC) for several projects under the CAO Construction (RSP Unit) of South Western Railway.
The order, worth Rs 7.71 crore, comes from a domestic government entity and is set to be carried out over the next 48 months. The work will involve providing consultancy services in line with the General Contract Conditions, helping to plan and execute upcoming railway projects within the SWR’s CAO Construction unit.
Also Read: Stock under ₹50 jumps after receiving ₹10 Cr order from Gujarat Government
Financial Highlights
The company reported a revenue of Rs 27.82 crores in H2 FY25, up 60 percent from Rs 17.36 crores in H1 FY25. Coming to its profitability, it reported a net loss of Rs 10 lakh in H2 FY25, as compared to a profit of Rs 3.03 crores in H1 FY25.
The stock delivered a poor ROE and ROCE of 9.55 percent and 12.78 percent respectively, and is currently trading at a P/E of 14x as compared to its industry average of 31x.
Manglam Infra & Engineering Ltd (MIEL), founded in 2010, is a proud ISO 9001:2015 certified engineering consulting firm. They specialize in offering top-notch design, planning, and project management services for highways, roads, bridges, tunnels, and buildings. Additionally, MIEL is involved in urban development, environmental engineering, and material testing, making it a versatile player in the industry.
Written by Satyajeet Mukherjee
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