Rs 5,086 Crore Order Book: Engineering Company Emerges As Lowest Bidder For Order Worth Rs 43,31,00,000 From MoRTH
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 141.35 per share.
Vishnu Prakash R Punglia Limited (VPRPL) announced that it has been chosen as the lowest bidder by the office of the Executive Engineer, Ministry of Road Transport and Highways, Regional Officer, Jaipur, for the construction of a 2-lane bypass with paved shoulders and a new ROB to Mandal town in Bhilwara district, Rajasthan. This project, connecting NH-158 to NH-48, will be executed on an EPC mode and has a total value of Rs 43.31 crore.
Earlier, the company bagged an order from the Department of Information Technology and Communication, Government of Rajasthan, for the "Elevation Works of Academic Blocks of Fintech Digital Institute, Jodhpur." This significant project, valued at Rs 31.34 crore, signifies a crucial step forward for VPRPL in the infrastructure sector. The company is eager to collaborate closely with the Department of Information Technology and Communication, the Government of Rajasthan to ensure the successful completion of the Project
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About the Company
Vishnu Prakash R Punglia Limited is one of India's fastest-growing infrastructure development companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. As of September 30, 2023, the company’s order book stands at Rs 5,086 crore.
The company has a market cap of over Rs 3,700 crore and has delivered good profit growth of 58.5 per cent CAGR over the last 5 years. The shares of the company have an ROE of 25 per cent and an ROCE of 20 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 141.35 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.