Rs 9,470.80 crore order book: Civil construction company emerges as lowest bidder (L1) for orders worth Rs 2,498.50 crore from NHAI
The shares of the company have a PE of 23.3x, an ROE of 40 per cent and an ROCE of 30 per cent.
Ceigall India Limited has achieved a significant milestone in the infrastructure sector by securing the lowest bidder (L1) for the construction of two bypass projects in Uttar Pradesh. The Southern Ayodhya Bypass, spanning 32.172 kilometres, will be built on a Hybrid Annuity Model (HAM) as part of the National Highways Development Project Phase VII. The company's bid project cost for this project is Rs 1,299.20 crore.
In addition to the Southern Bypass, Ceigall India has also been awarded the contract for the Northern Ayodhya Bypass, a 35.40-kilometer project divided into two sections: north and south of NH27. The total bid project cost for the Northern Bypass is Rs 1,199.30 crore. The construction of both bypass projects will significantly enhance connectivity and infrastructure development in the region.
The successful bids for these projects demonstrate Ceigall India Limited's expertise and capabilities in the field of infrastructure development. The company's involvement in these projects will contribute to the overall growth and progress of Uttar Pradesh.
About the Company
Ceigall India Limited is a rapidly expanding EPC company boasting an impressive three-year revenue CAGR as of Fiscal 2024, outpacing its peers with a remarkable 43.10 per cent year-on-year revenue growth in the same fiscal. The company has completed over 34 projects, including a diverse portfolio of EPC, HAM, O&M and Item Rate contracts, within the roads and highways sector. Currently, Ceigall is actively engaged in 18 projects, encompassing both EPC and HAM models, which span a range of complex infrastructure development, including elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects and multi-lane highways.
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Ceigall India Limited achieved a record-high revenue of Rs 822.4 crore in Q1FY25, driven by successful infrastructure projects and a Rs 17.1 crore bonus. The company's profitability also surged, with EBITDA growing by 65.1 per cent and PAT by 76.5 per cent year-on-year. The company has been actively reducing its debt levels, repaying Rs 413.4 crore in August 2024.
The company has a market cap of over Rs 6,800 crore and the order book stands at Rs 9,470.80 crore. The shares of the company have a PE of 23.3x, an ROE of 40 per cent and an ROCE of 30 per cent. On Wednesday, shares of Ceigall India Ltd gained 6.1 per cent to Rs 399.60 per share with a spurt in volume by more than 3.72 times on BSE. The stock’s 52-week high is Rs 425 and its 52-week low is Rs 368.30. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.