Rs 4,443 crore order book: This civil construction company bags new order worth Rs 236.32 crore from Thoth Mall and Commercial Real Estate Pvt Ltd

The company's shares are trading at a PE of 17.79x whereas the sectoral PE is 28.5x and an ROCE of 25 per cent.

PSP Projects Ltd announced that the company received a new work order worth Rs 236.32 crore (excluding taxes). The construction of a mall & multiplex from Thoth Mall and Commercial Real Estate Private Limited at Surat, Gujarat worth Rs 229.54 Crores (excluding taxes) in the Institutional Category. The project is to be completed within 24 months. With the receipt of the above order, the total order inflow during the financial year 2024-25 till date amounts to Rs 236.32 crore (This includes small value work orders totalling Rs 6.78 crore).

Earlier, PSP Projects Ltd that the company received a new work order worth Rs 630.90 crore (excluding taxes) for the construction of Gati Shakti Vishwavidhyalaya at Vadodara for Rail Vikas Nigam Limited (RVNL) in the Government Category. The project is to be completed within 30 months. With the receipt of the above order, the total order inflow during the financial year 2023-24 till date amounts to INR 2626.61 crore.

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Order book: As of December 31, 2023, the company’s order book stands at Rs 4,443 crore, a total of 219 projects were completed and 49 projects are ongoing.

PSP Projects Limited is a construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries. The company had a market cap of over Rs 2,600 crore.

The company's shares are trading at a PE of 17.79x whereas the sectoral PE is 28.5x and an ROCE of 25 per cent. As of December 2023, Madhulika Agrawal wife of an ace investor of Mukul Agrawal owns a 2.78 per cent stake in the company while another ace investor, Sunil Singhania through his fund, Abakkus Emerging Opportunities Fund, owns a 1.51 per cent stake.

The stock is up by 15 per cent from its 52-week low of Rs 598 per share. Investors should keep an eye on this Small-Cap stock.

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