2 days ago listed civil construction company bags new orders worth Rs 1,042 crore from Uttar Pradesh State Road Transport & Government of Odisha
The shares of the company have a PE of 23.3x, an ROE of 40 per cent and an ROCE of 30 per cent.
Ludhiana-based infrastructure construction company, Ceigall India Limited, has secured new orders totalling Rs 1,042 crore. These contracts encompass the development of the Kanpur Central Bus Terminal and the first phase of the Bhuvaneshwar Metro Project. With a strong track record in specialized structural work, including elevated roads, bridges, and tunnels, the company has evolved from a small-scale contractor to a prominent EPC player. Their expertise spans road and highway projects across ten Indian states, with a focus on both EPC and HAM models.
Bhuvaneshwar Metro Project to Transform Urban Mobility
A significant portion of the new orders, valued at Rs 899 crore, is dedicated to the Bhuvaneshwar Metro Project. This ambitious undertaking by the Odisha government aims to modernize the city’s transportation system through an extensive metro rail network. By enhancing connectivity, reducing traffic congestion, and improving air quality, the project is expected to significantly enhance urban mobility. Ceigall India’s role involves the design and construction of elevated viaducts and stations for this transformative initiative.
Kanpur Central Bus Terminal to Boost Infrastructure and Economy
The remaining Rs 143 crore has been allocated to the development of the Kanpur Central Bus Terminal. This project entails the construction of a modern bus terminal and a commercial complex to cater to the city’s growing needs. By improving public transportation infrastructure, the terminal is expected to stimulate economic growth and revitalize the urban landscape. The project is poised to be a catalyst for development in Kanpur.
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About the Company
Ceigall India Limited is a rapidly expanding EPC company boasting an impressive three-year revenue CAGR as of Fiscal 2024, outpacing its peers with a remarkable 43.10 per cent year-on-year revenue growth in the same fiscal. The company has successfully completed over 34 projects, including a diverse portfolio of EPC, HAM, O&M, and Item Rate contracts, within the roads and highways sector. Currently, Ceigall is actively engaged in 18 projects, encompassing both EPC and HAM models, which span a range of complex infrastructure development, including elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.
The company has a market cap of over Rs 6,900 crore. The shares of the company have a PE of 23.3x, an ROE of 40 per cent and an ROCE of 30 per cent. On Friday, shares of Ceigall India Ltd gained 2.82 per cent to Rs 396.95 per share with an intraday high of Rs 399.75 and an intraday low of Rs 389.20. The stock’s 52-week high is Rs 425 and its 52-week low is Rs 380.10. 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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