1:1 Bonus Share & Rs 3,672 Crore Order Book: Board of this multibagger civil construction company announces Record Date for bonus shares; check eligibility!
The stock gave multibagger returns of 310 per cent in just 1 year and a whopping 700 per cent in 3 years.
The Board of Directors of GPT Infraprojects Limited (GPTINFRA) have recommended a bonus issue in the ratio 1:1 i.e., 1 equity share of Rs 10 each for every 1 equity share of Rs 10 each held by the shareholders by the capitalization of Reserves, subject to approval of the same through postal ballot. The Board fixed the record date for bonus shares as Wednesday, July 03, 2024.
GPT Infraprojects Limited (GPT) has been on a winning streak, securing multiple contracts in recent months. The company recently secured an order valued at Rs 26 crore from Transnet Freight Rail, South Africa, for the supply of concrete sleepers from their South African subsidiary. Additionally, GPTINFRA was declared the lowest bidder (L1) for a much larger project valued at Rs 554.94 crore by Rail Vikas Nigam Limited (RVNL). This project involves the construction of various components for an elevated expressway in West Bengal, including the viaduct portion, railway overbridges, ramps, underpasses, culverts, and an office building. They will also handle electrification and lighting for the project. Furthermore, GPT secured a separate order valued at Rs 487 crore in a joint venture, with their share amounting to Rs 126.82 crore, for the construction of a new railway line in Maharashtra.
Also Read: Rs 85,000 crore order book: Multibagger railway infra company emerges as lowest bidder (L1) for an order worth Rs 191,53,74,279.51 from South Eastern Railway
Established in 1980, GPT Infraprojects Limited, the leading infrastructure arm of Kolkata-based GPT Group, is a prominent player in both railway-focused civil and infrastructure projects (including bridges and ROBs) and concrete sleeper manufacturing for railways in India and Africa (with units in South Africa, Namibia, and Ghana). GPT stands out for its strong project execution capabilities, financial stability, and promising growth across its operations. The outstanding order book for the company now stands at approximately Rs 3,672 crore with a total order inflow for Fiscal 2025 of Rs 700 crore.
According to Quarterly Results, the net sales increased by 10 per cent to Rs 295.01 crore and net profit increased by 40.5 per cent to Rs 15.08 crore in Q4FY24 over Q4FY23 while in its annual results, the net sales increased by 25.9 per cent to Rs 1,018.28 crore and net profit increased by 98.1 per cent to Rs 56.52 crore in FY24 over FY23.
The company has a market cap of over Rs 1,500 crore. The stock gave multibagger returns of 310 per cent in just 1 year and a whopping 700 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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