Under Rs 50: Microcap Company Emerges as Lowest Bidder for Rs 151 Crore Passenger Ropeway Project at Shillong Peak
The company’s shares have delivered an impressive return of over 300 per cent to its shareholders in the past 3 years.
This Small-Cap company has announced that it has emerged as the lowest bidder (L-1) for the design, supply, construction, operation, and maintenance of a passenger ropeway at Shillong Peak in Shillong, Meghalaya, India.
This project, tendered in EPC mode, has an estimated order value of approximately Rs 151,00,00,000 (Rupees One Hundred Fifty-One Crores Only). The tender was submitted as part of a consortium, and Tantia Constructions’ share of the project is around 60 per cent, amounting to approximately Rs 90,60,00,000 (Rupees Ninety Crores Sixty Lakhs Only). The project is expected to be executed within a 24-month timeframe.
Financial Performance
As per Quarterly Results, Tantia Constructions Ltd in Sep 2024 reported a revenue of Rs 12.34 crore compared to Rs 3.22 crore representing a growth of around 283 per cent YoY. The company posted an operating profit of Rs 0.68 crore with a margin of around 5.51 per cent compared to Rs 0.21 crore with a margin of 6.52 per cent. The company’s net profit stood at Rs 0.28 crore for the period compared to a loss of Rs 0.12 crore same quarter last year.
Looking at the annual performance, the company generated a revenue of Rs 53 crore in FY24 compared to Rs 94 crore in FY23 representing a de-growth of 43.48 per cent YoY. The operating loss for FY24 was Rs 5 crore compared to Rs 10 crore in FY23. The company reported a net loss of Rs 22 crore compared to Rs 2 crore.
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Share Performance
At the start of today’s trading session, Tantia Constructions Ltd opened at Rs 37.74 per share, compared to the last day’s closing price of Rs 37 per share on the BSE. Finally, the shares closed the day at around Rs 35.15 per share on the BSE. The current market capitalization stands at Rs 544.83 crore, and the stock has generated impressive multibagger returns of over 1950 in the past 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.