This small-cap construction company bags a work order worth Rs 95.92 crore from PMRDA!

Shares of the company jumped more than 45 per cent in the last 6 months.

On February 23, 2023, Vascon Engineers Limited informed in the exchange filing that it has received a letter of acceptance amounting to Rs 95.92 crore from Pune Metropolitan Region Development Authority, Pune (PMRDA) for the construction of residential quarters along with welfare complex, mess barrack, multipurpose hall and retail shops including work in Pune.

Vascon Engineers Ltd, established in 1986, is a Construction Engineering Company in India with a presence in the Real Estate business having an asset-light model and Clean Room Partition manufacturing business. The company has executed over 200 projects with a construction area of over 50 Mn Sq. Ft.

Today, the stock opened at Rs 31, with a high and low of Rs 31.70 and Rs 30.40. The stock is currently trading at Rs 30.65, up by 2.17 per cent.  

In the last 6 months, the shares of the company have given more than 40 per cent returns and on a YTD basis, the stock has given about -9 per cent returns.

The stock has a 52-week high of Rs 42 and a 52-week low of Rs 18.60. The company has a ROCE of 2.33 per cent and an ROE of 0.53 per cent. The stock is a part of the S&P BSE Small cap index and a group B constituent with a market capitalisation of Rs 666.08 crore.