DSIJ Mindshare

Rs 19,098 crore order book and FIIs & DIIs decrease stake: Civil construction company reports a 218.5 per cent jump in PAT
Kiran Shroff
/ Categories: Trending, Mindshare

Rs 19,098 crore order book and FIIs & DIIs decrease stake: Civil construction company reports a 218.5 per cent jump in PAT

The stock is up by 60 per cent from its 52-week low of Rs 310.05 per share.

Today, shares of PNC Infratech gained 2.11 per cent to an intraday high of Rs 497.95 per share from its previous closing of Rs 487.65. The stock’s 52-week high is Rs 574.50 and its 52-week low is Rs 310.05. The shares of the company saw a spurt in volume by more than 1.40 times on BSE.

PNC Infratech Limited is one of the front-ending infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.

According to Quarterly Results, the net sales increased by 4 per cent to Rs 2,167.51 crore and net profit increased by 218.5 per cent to Rs 575.17 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 9 per cent to Rs 8,649.87 crore and net profit increased by 38.2 per cent to Rs 909.42 crore in FY24 compared to FY23.

DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.

The company has a market cap of over Rs 13,500 crore. As of March 31, 2023, the company has a robust order book of Rs 19,098 crore (excluding. contracts worth Rs 4,994 crore where the company is L1) is over 2.5 times FY24 revenue. In June 2024, FIIs decreased their stake to 10.83 per cent and DIIs decreased their stake to 26.36 per cent compared to 11.85 per cent and 26.96 per cent, respectively, in March 2024.  

The shares of the company have a PE of 9x, an ROE of 20 per cent and an ROCE of 16 per cent. The stock is up by 60 per cent from its 52-week low of Rs 310.05 per share. Investors should keep an eye on this mid-cap civil construction stock.

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

Previous Article Shares below Rs 100: Only buyers were seen in these stocks on August 13
Next Article Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Print
478 Rate this article:
3.5
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR