Rs 3,182 crore order book and FIIs & DIIs increase stake: This multibagger civil construction company bags new order worth Rs 135 crore from North Central Railway

The stock gave multibagger returns of 255 per cent in just 1 year and a whopping 750 per cent in 3 years.

GPT Infraprojects Limited (GPT) secured an order valued at Rs 135 crore from North Central Railway, Agra for earthwork, construction of minor bridges, subways, and other railway works between Ch. 28600.00 m to 69700 m in a joint venture with GPT holding a 51 per cent share.

Earlier, the company received an order worth Rs 114 crore from East Central Railway, Mahendrughat, Patna, Bihar. The order includes the construction of a station building, service building, S & T buildings, electrical buildings, residential building, approach road, high-level platform between the Supaul - Triveni Ganj section in connection with the new rail line project of the Araria-Supaul in the Samastipur division of East Central Railway. The contract is in a joint venture with GPT’s 49 per cent share.

On Thursday, shares of GPT Infraprojects Ltd surged 2.87 per cent to Rs 177.65 per share from its previous closing of Rs 172.70 with an intraday high of Rs 188 and an intraday low of Rs 176.75. The stock’s 52-week high is Rs 209.85 and its 52-week low of Rs 42.65.  

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. The outstanding order book for the company now stands at approximately Rs 3,182 crore with a total order inflow for Fiscal 2024 of Rs 1,629 crore.

According to Quarterly Results, the net sales increased by 26.6 per cent to Rs 253.76 crore and net profit skyrocketed by 120.1 per cent to Rs 14.97 crore in Q3FY24 over Q3FY23 while in its nine-month results, the net sales increased by 33.7 per cent to Rs 723.30 crore and net profit increased by 98.4 per cent to Rs 41.70 crore in 9MFY24 over 9MFY23. In December 2023, FIIs increased their stake to 0.59 per cent and DIIs increased their stake to 3.67 per cent compared to 0.06 per cent and 1.51 per cent respectively, in September 2023. 

The company has a market cap of over Rs 1,000 crore with a PE of 20x and an ROE of 20 per cent. The stock gave multibagger returns of 255 per cent in just 1 year and a whopping 750 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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