Rs 30,461 crore order book: This civil construction company executes an order worth Rs 3,637.12 crore from NHPC Ltd!

The stock has a PE of 8.48x whereas the industry PE is 22.9x and an ROE of 26.10 per cent.

G R Infraprojects Ltd is a leading engineering, procurement and construction company (EPC); informed that the company has formed a JV partnership with Patel Engineering Ltd and has executed the Contract Agreement with NHPC Ltd on October 09, 2023. The order includes Construction of Civil Works for LOT‐4: Head Race Tunnel including Intake, Pressure Shafts, Penstocks, Power House & Transformer Cavern, Tail Race Tunnel, Pothead Yard, Adits for Dibang Multipurpose Project, Arunachal Pradesh, India. The order is worth Rs 3,637.12 crore (share of GR Infraprojects is 50 per cent and share of Patel Engineering Ltd is 50 per cent) and will be completed within 86 months.

Order Book: The order book as of June 30, 2023 stands at Rs 26,848 crore. This includes 3 L1 projects amounting to Rs 7,250 crore. Including the above order, the company’s current order book stands at Rs 30,461 crore.

According to the financials, GR Infraprojects Ltd has a market cap of Rs 11,500 crore. The company reported positive numbers in its Quarterly Results (Q1FY24) and annual results (FY23). The net sales increased by 12.10 per cent to Rs 9,482 crore and net profit increased by 74.83 per cent to Rs 1,454 crore in FY23 over FY22.

On Monday, shares of G R Infraprojects Ltd plunged 1.56 per cent to Rs 1,190.95 per share with an intraday high of Rs 1,205 and an intraday low of Rs 1,184.10. The stock had a 52-week high of Rs 1,381.60 and a 52-week low of Rs 930.

The stock has a PE of 8.48x whereas the industry PE is 22.9x and an ROE of 26.10 per cent. Investors should keep an eye on this Mid-Cap stock.

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