300 per cent returns and Rs 338 crore order book: This multibagger infrastructure stock bags new orders worth Rs 13,77,95,128!

Shares of the company gained more than 100 per cent in the last six months.

Dhruv Consultancy Services Limited, along with partners, was awarded a consultancy contract by National Highways & Infrastructure Development Corporation Limited (NHIDCL) for four road projects in Manipur. These projects involve widening and improving existing national highways under the Bharatmala Pariyojana initiative. The contract value is Rs. 13.78 crore and will be completed over 84 months.

The company posted robust Quarterly Results. The revenue of the company for Q3FY24 stood at Rs 22.60 crore which increased by 2.04 per cent YoY. The operating profit of the company stood at Rs 4.97 crore, while the PAT of the company stood at Rs 2.71 crore, from a profit of Rs 1.82 crore last year same quarter.

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The company boasts a strong order book position of Rs. 338 crores as of December 1, 2023, up from Rs. 269 crores on February 28, 2023. This represents a significant increase and is equivalent to 4.16 times the company's total revenue for FY23. These orders are expected to be executed within the next two to three years, depending on the nature of the work, providing medium-term revenue visibility. The stock has also gained over 300 per cent in the last three years.

Dhruv Consultancy Services Limited is engaged in the business of consultancy services for the infrastructure industry. The company is involved in providing design, engineering, procurement, construction, and integrated project management services for highways, bridges, tunnels, architectural, environmental engineering, and ports.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.