9,990 per cent multibagger returns: This civil construction company bags new orders worth Rs 47.97 crore from Western Railways

The stock gave multibagger returns of 1,150 per cent in just 1 year, 3,195 per cent in 3 years and a whopping 9,990 per cent in 5 years.

Giriraj Civil Developers Ltd, a reputed government civil contractor in India, secured new contracts worth approximately Rs 47.97 crore from Western Railways. The details of the contracts include Order No 1: providing a 6-meter-wide FOB between Borivali – Dahisar at km 35/1003-1004 to prevent trespassing on railway tracks for Rs 9.61 crore and Order No 2: construction of 3 washing cum inspection pit lines along with electrical work by converting one stabling cum washing line and 2 dry pit inspection lines at Bandra Terminus for Rs 38.36 crore.

Giriraj Civil Developers Ltd is a civil construction company in India specializing in infrastructure projects like building roads (using RCC concrete), bridges (both rail and road), foot overbridges, earthworks (processing soil and rock), and even buildings, towers, and malls. Their clients include various divisions of Indian Railways (Southern Railways, Central Railways etc.) and municipal corporations. They also collaborate with joint venture firms like Dev Engineers & Giriraj, Moksha Constructions Giriraj, Giriraj-KK JV, and Prime-Giriraj-KK (JV).

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On Saturday, shares of Giriraj Civil Developers Ltd zoomed 5 per cent upper circuit to Rs 464.15 per share from its previous closing of Rs 442.05. The stock’s 52-week high is Rs 1,001.70 and its 52-week low is Rs 36.86. The stock gave multibagger returns of 1,150 per cent in just 1 year, 3,195 per cent in 3 years and a whopping 9,990 per cent in 5 years.

The company has a market cap of over Rs 1,100 crore with a 3-year stock price CAGR of 221 per cent. According to the half-yearly results, the net sales increased by 51.25 per cent to Rs 62.01 crore and net profit increased by 51 per cent to Rs 2.88 crore in H2FY23 compared to H2FY22. In FY23, the net sales increased by 14.50 per cent to Rs 95.13 crore and net profit increased by 18.73 per cent to Rs 4.50 crore compared to FY22.

Disclaimer: The article is for informational purposes only and not investment advice.