Low PE High ROE stock: This civil construction company emerged as an L-1 bidder for an order worth Rs 1226.87 crore!

The firm has won multiple projects in the last 3 days.

On March 23, 2023, G R Infraprojects Limited informed in the exchange filing that the company has emerged as an L‐1 bidder in the financial bid opening dated March 23, 2023, for the tender invited by the National Highways Authority of India for four laning of Devinagar Bypass to Kasganj Bypass the state of Uttar Pradesh on Hybrid Annuity mode.

The project bid cost is Rs 1226.87 crore, with a completion period of 730 days from the appointment date. The project has an operation period of 15 years from the commercial operation date.

Incorporated in the year 1995, G R Infraprojects Ltd is an integrated road Engineering, Procurement, and Construction company with experience in the design and construction of various road & highway projects across 15 States in India. It mainly undertakes civil construction projects under the EPC and BOT basis in the road sector.

Today, the stock opened at Rs 1028, with a high and low of Rs 1049.75 and Rs 1026. The stock is currently trading at Rs 1028.85, up by 0.09 per cent over its previous close of Rs 1027.95.  

The stock has a 52-week high of Rs 1624 and a 52-week low of Rs 992.80. The company has a ROCE of 16.3 per cent and an ROE of 18.9 per cent, with a market capitalisation of Rs 9947.85 crore.