Rs 3,200 crore order book: Multibagger civil construction company bags new order worth Rs 55.50 crore from Avadi City Municipal Corporation
The stock gave multibagger returns of 242 per cent in just 1 year whereas BSE Sensex Index is up by 26.6 per cent.
On Friday, shares of RPP Infra Projects Ltd jumped 1.74 per cent to Rs 216.60 per share from its previous closing of Rs 212.90. The stock’s 52-week high is Rs 235.45 while its 52-week low is Rs 62.55.
In 1995, RPP Infra Projects Limited was formed. It is involved in the construction of many infrastructure sectors such as roads, buildings, industrial structures, power, irrigation, and waste management. As of June 2024, the company has an order book of over Rs 3,200 crore.
RPP Infra Projects Ltd has been awarded a contract to enhance water supply infrastructure in Avadi City Municipal Corporation under the Tamilnadu Climate Resilient Urban Development Plan (TNCRUDP) "Amrut 2.0" program. The project aims to provide a 24/7 water supply to pilot zones and improve the existing water distribution system, including underserved areas. The company will also be responsible for operating and maintaining the system for five years.
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The contract, valued at Rs 55.50 crores (inclusive of GST), was awarded by the Commissioner of Avadi City Municipal Corporation. The project is domestic in nature and is expected to be completed within two years.
In terms of finances, RPP Infra Projects has a market cap of over Rs 800 crore. The company reported amazing numbers in its Quarterly Results (Q1FY25) and annual results (FY24). The company’s shares have a PE of 13x whereas the industry PE is 26x.The stock gave multibagger returns of 242 per cent in just 1 year whereas BSE Sensex Index is up by 26.6 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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