The shares of this real estate major are in focus after the company was declared the lowest bidder for a project worth Rs 71 crore, which we will discuss in this article.
With a market capitalization of Rs 467 crores, the shares of Globe Civil Projects Ltd are currently trading at Rs 78.1 per share, down by 17.8 percent from its all-time high of Rs 95 per share. Post its debut on the stock exchange on July 1, 2025, the stock has corrected by 18 percent.
Globe Civil Projects Limited has been recognized as the lowest bidder for an important project awarded by the Indian Institute of Technology (IIT) Kanpur. The project includes building the Kotak School of Sustainability on the IIT Kanpur campus.
It involves various infrastructure tasks such as civil construction, electrical installations, fire-fighting systems, solar power systems, CCTV, lifts, mechanical ventilation (HVAC), and other development work.
The total estimated cost of the project is Rs 70.92 crore, of which Civil work makes up Rs 52.11 crore, electrical work is Rs 12.23 crore, and HVAC costs Rs 6.56 crore. The project is set to be completed in 16 months from the start date.
Financial Highlights
The company reported a revenue of Rs 332 crores in FY24, registering a growth of 42.50 percent from Rs 233 crores in FY23. Net profit also surged by 200 percent to Rs 15 crores in FY24 from Rs 5 crores in FY23.
The company delivered an ROE and ROCE of 21.94 percent and 24.04 percent respectively, and is currently trading at a P/E of 30.15x as compared to its industry average of 24.15x.
Globe Civil Projects Limited, based in New Delhi, is a national EPC (Engineering, Procurement & Construction) firm working in 11 states. It manages various infrastructure projects, including transport and logistics like roads, bridges, railways, and airports, as well as social and commercial buildings such as schools, hospitals, offices, and residences. The company also offers MEP, HVAC, firefighting, and TMT steel trading services.
Written by Satyajeet Mukherjee
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