Infrastructure Company Emerges as L1 Bidder for Highway cum Bridge Construction Over River Ganga Worth Rs 380 Crore!
The company’s shares have delivered an impressive return of around 45 per cent to its shareholders in the past 1 year only.
PNC Infratech Limited, originally incorporated as PNC Construction Company Private Limited on August 9, 1999, was converted into a limited company in 2001 and rebranded as PNC Infratech Limited in 2007. As a leading player in infrastructure development, construction, and management, the company undertakes a variety of projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, and industrial area development.
On August 27, 2024, PNC Infratech was declared the L1 (First Lowest) bidder for a significant highway and bridge project. The project involves constructing an additional 3-lane bridge over the River Ganga, connecting Buxar and Bharauli on NH-922, spanning the states of Uttar Pradesh and Bihar. The project, valued at Rs 380 crore (Rupees Three Hundred Eighty Crore) will be executed on a Hybrid Annuity Mode (HAM) basis. The construction period is set at 910 days, with an operational period extending 15 years post-construction.
Read Multibagger Solar Energy Company Secures International Order Worth USD 10,83,720: FIIs & DIIs Purchased Stake for the First Time!
On Wednesday, the shares of PNC Infratech are at around Rs 461.45 per share on the BSE. The company’s current market capitalization stands at Rs 11831 crore. Additionally, the shares have delivered a return of around 45 per cent in the past 1 year.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in the Q1 FY25, PNC Infratech recorded a revenue of Rs 2168 crore compared to Rs 2092 crore. The operating profit stood at Rs 969 crore. The net profit stood at Rs 575 crore compared to a profit of Rs 181 crore. Looking at the annual performance, the company generated a revenue of Rs 8650 crore in FY24. The operating profit for FY24 was Rs 2005 crore with a net profit of Rs 909 crore compared to a net profit of Rs 658 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 56.07 per cent stake. Public investors own 6.75 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 10.83 per cent and Domestic Institutional Investors (DIIs) own 26.36 per cent.
Check out my recent article here.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.