1:1 Bonus Share & Rs 3,775 crore order book: Multibagger civil construction company bags order valued at Rs 103 crore from NHAI & Eastern Railway
The stock gave multibagger returns of 350 per cent in just 1 year and a whopping 1,400 per cent in 5 years.
On Friday, shares of GPT Infraprojects Ltd plunged 5 per cent to Rs 163.20 per share from its previous closing of Rs 171.75. The stock’s 52-week high is Rs 207 and its 52-week low of Rs 35.32. The shares of the company saw a spurt in volume by more than 3.26 times on BSE.
GPT Infraprojects Limited (GPT) secured an additional Rs 103 crore in value from existing contracts with NHAI, New Delhi and Eastern Railway, Kolkata. This contract enhancement brings the total value of the existing agreements to Rs 103 crore. There is no involvement from the promoter group or any affiliated companies in this contract, and it does not qualify as a related party transaction. The details of the original contracts were not disclosed, but this amendment signifies continued collaboration between GPT and these government agencies.
Earlier to the above update, the company received an order worth 26 crore from Transnet Freight Rail, South Africa for supply of concrete sleepers from the factory at Ladysmith.
Additionally, the company plans to raise Rs 175 crore through issuing equity shares, convertible securities, or a combination of both. This fundraising will be conducted through a Qualified Institutions Placement (QIP) or other permissible methods, subject to shareholder and regulatory approvals. Furthermore, shares of the company ex-traded 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. The ex-record date for bonus shares was Wednesday, July 03, 2024.
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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 3,775 crore with a total order inflow for Fiscal 2025 of Rs 803 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 Rs 1,894 crore. The stock gave multibagger returns of 350 per cent in just 1 year and a whopping 1,400 per cent in 5 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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