Multibagger railway infra company bagged 3 orders worth Rs 8,29,40,000 across various Indian railways zones; must watch!
The stock has delivered a remarkable return of over 120 per cent in the past 2 years.
As per the latest update, this railway infrastructure company has secured 3 contracts across different zones of Indian Railways. The company has inked a deal to carry out 25 KV Electrification work in the Firozpur Division of Northern Railway, valued at Rs 53.26 million, with an expected completion period of 9 months. Additionally, it received orders for Traction Substation work at Barasat in the Sealdah Division of Eastern Railway, valued at Rs 24.98 million, to be completed within 12 months. Another contract involves providing and laying concrete for foundation work for the Araria-Galgalia RE Project of N.F. Railway under Rail Vikas Nigam Limited, worth Rs 4.7 million, with a completion timeframe of 30 days.
Incorporated in 1995, BCPL Railway Infrastructure specializes in the execution of Railway Electrification Projects, turnkey Overhead Equipment (OHE) projects, and various other projects for railway and government entities.
Share Performance:
On Friday, the company's stock closed at around Rs 92.30 per share, with a market capitalisation of Rs 154.36 crore. Additionally, the stock has delivered a multibagger return of around 105 per cent in the past year only.
In terms of shareholding pattern, as of March 2024, the company’s promoters hold a 72.87 per cent stake in the company while the public ownership stands at 27.15 per cent as per the recent update.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 25.87 crore and a net profit of Rs 0.62 crore. In FY24, the company reported a revenue of Rs 87.93 crore and a net profit of Rs 5.36 crore, compared to a net profit of Rs 8.03 crore in the previous year.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.