1:1 bonus share & Rs 3,682 crore order book: Multibagger civil construction company bags new order worth Rs 13 crore from Eastern Railway
The stock gave multibagger returns of 360 per cent in just 1 year and a whopping 1,875 per cent in 5 years.
GPT Infraprojects Limited (GPT) has secured additional orders totalling Rs 13 crore from PCMM/Eastern Railway, Kolkata. These orders are for the manufacture and supply of special sleepers. This increase in contract value reflects the continued trust and confidence of the client in GPT's capabilities.
Established in 1980, GPT Infraprojects Limited, the leading infrastructure arm of Kolkata-based GPT Group, is a prominent player in both railway-focused civil and infrastructure projects (including bridges and ROBs) and concrete sleeper manufacturing for railways in India and Africa (with units in South Africa, Namibia and Ghana). GPT stands out for its strong project execution capabilities, financial stability and promising growth across its operations.
According to Quarterly Results, the net sales increased by 2.5 per cent to Rs 241.73 crore and net profit increased by 30.1 per cent to Rs 16.22 crore in Q1FY25 over Q1FY24 while in its annual results, the net sales increased by 25.9 per cent to Rs 1,018.28 crore and net profit increased by 98.1 per cent to Rs 56.52 crore in FY24 over FY23.
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The outstanding order book for the company now stands at approximately Rs 3,682 crore with a total order inflow for Fiscal 2025 of Rs 825 crore. Furthermore, shares of the company ex-traded bonus issue in the ratio 1:1 i.e., 1 equity share of Rs 10 each for every 1 equity share of Rs 10 each held by the shareholders. The ex-record date for bonus shares was Wednesday, July 03, 2024.
The company has a market cap of over Rs 2,100 crore. The stock gave multibagger returns of 360 per cent in just 1 year and a whopping 1,875 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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