Infra Stock Below Rs 70: Rs 4,43,60,851 Orders Secured; Trades Below Industry PE

The company registered ROE of 49.44 per cent, ROCE of 44.95 per cent, RoNW of 49.44 per cent and PAT margin of 16.81 per cent.

As per the recent press release by Manglam Infra and Engineering Limited to the NSE, the company secured five projects in August 2024, with a total cumulative value of Rs 4.43 crore. As per the mandate, this engineering consulting firm will execute these projects across five different states. With a commitment to delivering value and upholding the highest professional standards, the company aims to capitalize on emerging opportunities in the economy to further accelerate its growth trajectory.

The company is optimistic about executing its growth strategy. It expects to build on its current strengths and is well-positioned for rapid growth in the coming years. The company's shares were recently listed on the NSE – SME platform, and it is confident that the proceeds from the public issue will fuel its business expansion and market growth.

Company secures orders worth Rs. 4.43 crore in August 2024. The company has secured an order worth Rs 69 lakhs in Anuppur district, Madhya Pradesh, to provide supervision and quality control consultancy services for the Kanya Shiksha Parisar Jaithari and CM Rise School Project. Additionally, the company will prepare a Detailed Progress Report (DPR) for a 16 km four-lane National Highway in Uttarakhand, a project valued at Rs 27 lakhs. Similar DPR and consultancy services will be provided for projects in Chhattisgarh and Maharashtra, valued at Rs 1.9 crore and Rs 18 lakhs, respectively. The fifth project, worth Rs 1.29 crore, involves conducting a final location survey in West Bengal.

Additionally, company also emerged as the Lowest Bidder from Superintending Engineer, NH Circle, PWD, Gorakhpur worth Rs. 68.42 Lakhs. The project involves Consultancy services for (AE) for supervision of Construction of Shohratgarh Bypass (Design Length 6.273 Km) to 2 lane with paved shoulder on NH-730 starts near ch. 413.700 and ends near ch. 419.000) under EPC mode in the State of UP.

For the financial year ended on March 31, 2024, Company reported revenue from operations at Rs. 40.50 crore and PAT of Rs. 6.76 crore as compared to revenue of Rs 34.78 crore and PAT of 5.54 crores of previous financial year. The company registered ROE of 49.44 per cent, ROCE of 44.95 per cent, RoNW of 49.44 per cent and PAT margin of 16.81 per cent.

Incorporated in 2010, Manglam Infra and Engineering Limited specializes in managing infrastructure projects, offering services such as detailed project reports (DPR), quality control, supervision, and operations and maintenance for highways, bridges, tunnels, and urban buildings.

The company provides design, engineering, procurement, construction, and project management services, including project feasibility studies, consultancy, traffic engineering, financial analysis, and technical audits. Manglam Infra has delivered services across several states, including Madhya Pradesh, Jammu & Kashmir, Bihar, and Maharashtra, among others. To date, the company has completed 127 projects, with 116 independently executed and 11 through joint ventures and government partnerships.

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