Low PE High ROE stock: This construction company emerges as L-1 bidder for multiple orders worth Rs 1,613.84 crore!

The stock has a PE of 9.90x whereas the industry PE is 26x and an ROE of 19.07 per cent.

G R Infraprojects Ltd has emerged L-1 bidder for multiple orders worth Rs 1,613.84 crore. Details below: 

Order No-1: Construction of 4/6 Lane Bypass for Belagavi City from Km 11.773 to Km 46.253 in the state of Karnataka on HAM Mode Package 1. The order is worth Rs 897.37 crore and will be completed in 912 days and the operational period is 15 years. 

Order No-1: Construction of 4 Lane with Paved Shoulders from Design Ch 182.300 to Design Ch 228.500 in Belgaum - Hungund – Raichur Section in the State of Karnataka on Hybrid Annuity Mode (Package‐5) under NH(O). The order worth Rs 716.47 crore will be completed in 730 days and the operational period is 15 years. 

G R Infraprojects Ltd, founded in 1995, is an integrated road Engineering, Procurement and Construction (EPC) firm with experience in designing and constructing various road/highway projects in 15 Indian states. It primarily works on civil construction projects in the road sector on an EPC and BOT (Build Operate Transfer) basis. Today, shares of the company saw a spurt in volume by more than 1.50 times on BSE. 

G R Infraprojects has a market capitalization of Rs 9,440 crore, according to the financials. Both the quarterly and annual results were excellent for the company. Net sales increased by 12.13 per cent in Q2FY23, while net profit increased by 123.45 per cent over Q3FY22. 

Today, shares of G R Infraprojects Ltd surged 2.15 per cent to Rs 966.75 per share with an intraday high of Rs 996.75 and an intraday low of Rs 954.75. The stock had a 52-week high of Rs 1,624.40 and a 52-week low of Rs 930. 

The stock has a PE of 9.90x whereas the industry PE is 26x and an ROE of 19.07 per cent. Investors should keep an eye on this Mid-Cap stock.