Stock Under Rs 70: Microcap Infrastructure Company Declared L-1 Bidder for Eastern Railway, Asansol Tender – Complete Details Inside!
The company’s shares have delivered an impressive return of over 19 per cent compared to its IPO issue price.
Incorporated in 2010, Manglam Infra and Engineering Ltd a micro-cap company is engaged in managing infrastructure projects. The company's services include DPR and feasibility studies, operations and maintenance, project management consultancy, independent consultancy, project planning, design, estimation, supervision, quality control, authority engineer supervision, independent engineer services, traffic and transportation engineering, financial analysis, technical audits, structural audits, and inspection of bridges and roads.
Manglam Infra & Engineering has been declared the Lowest Bidder (L1) for the project involving tasks conducting the final location survey, traffic survey, submission of a comprehensive Detailed Project Report (DPR) for all civil, electrical, and signalling & telecommunication (S&T) work, preparation of detailed estimates along with alignment plans, yard plans, and drawings for minor and major bridges, road overbridges (ROBs), road underbridges (RUBs), foot overbridges (FOBs), level crossings, hydrological and geotechnical investigations, and other ancillary works. Additionally, the project includes preparing and submitting EPC tender documents for all works, including electrical, track renewal, and S&T, for the Jasidih - Dumka double line (71.58 km).
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Today, the shares of Manglam Infra and Engineering Ltd are trading at around Rs 66.70 per share on the NSE. The company’s current market capitalization stands at Rs 117.37 crore. Additionally, the shares have delivered an impressive return of around 19 per cent compared to its IPO price of Rs 56 each.
Looking at the annual performance, the company generated a revenue of Rs 40.24 crore in FY24. The operating profit for FY24 was Rs 10.47 crore with an operating profit margin of 26 per cent with a net profit of Rs 6.76 crore representing a net profit margin of 16.80 per cent.
According to the company's shareholding pattern, the promoters hold a significant 71.97 per cent stake. Public investors own 16.32 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 5.96 per cent and Domestic Institutional Investors (DIIs) own 5.75 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.