A stock priced under Rs.150 involved in the business of Interior solutions for corporations, laboratories, and airport lounges, witnessed a 9 percent surge after securing a significant Rs.187 crores interior work contract from one of the country’s largest airports. This milestone project highlights the company’s growing presence in the infrastructure sector and is expected to drive substantial revenue over the next three years.
Price Movement
During Thursday’s trading session, Eleganz Interiors Ltd shares hit an intra-day high of Rs.120.00 per share, marking an 8.9 percent increase from the previous close of Rs.110.20 each. The share has since retreated and is currently trading at Rs.115.50 per share.
Contract Details
Eleganz Interiors Ltd has been awarded a significant purchase order worth Rs. 187 crores (Rupees One Hundred and Eighty-Seven Crores only) from one of the largest airports in the country. This three-year contract marks a major milestone for the company and highlights its growing capabilities in the infrastructure sector. The project will involve high-scale interior works, further enhancing the company’s reputation and expanding its portfolio in the aviation industry.
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Order Book and Projects
As of December 31, 2024, the company’s order book stands at Rs.434.86 crores, with a presence in 12 cities. The company currently has 47 ongoing projects, which include 8 projects under Design & Build (D&B) and 39 projects under General Contracting (GC) services.
The total project value amounts to Rs.705.89 crores, with an unexecuted order value of Rs.434.86 crores. This includes a significant project under Design & Build services valued at Rs.159.72 crores and another under General Contracting services valued at Rs.188.08 crores.
Earnings Report
In its latest financial update, Eleganz Interiors Ltd reported a consolidated revenue of Rs.221 crores for FY24, marking a 16 percent increase from Rs.190 crores in FY23. Additionally, net profits also increased to Rs.12 crores, reflecting a 20 percent rise compared to Rs.10 crores during the same period last year.
Ratio Analysis
With a market capitalisation of Rs.249.05 crores, the company’s Price-to-Earnings (P/E) ratio stands at 22, lower than the industry average of 40.93. Furthermore, the company maintains a current ratio of 1.37, a debt-to-equity ratio of 0.83, and an Earnings Per Share (EPS) of Rs.5.01.
Written by – Siddesh S Raskar
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