DSIJ Mindshare

Multibagger Small-Cap Civil Construction Company Declared Lowest Bidder for Rs 312.13 Crore Project with Maharashtra State Electricity Transmission
Rakesh Deshmukh

Multibagger Small-Cap Civil Construction Company Declared Lowest Bidder for Rs 312.13 Crore Project with Maharashtra State Electricity Transmission

The company’s shares have delivered an impressive return of around 90 per cent to its shareholders in the past 1 year.

This Small-Cap company specializing in construction and infrastructure facilities on an EPC (Engineering, Procurement, and Construction) and BOT (Build, Operate, Transfer) basis, the company has been declared as the Lowest Bidder (L-1) for one of the projects from MSETCL.

Order Details

Ashoka Buildcon Ltd recently submitted a bid to Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) for a project involving the establishment of a 400/220 kV substation at Nandgaon Peth in Amravati District, along with related transmission lines in the Amravati Zone, Maharashtra. The Company has been declared the Lowest Bidder (L-1) for this project, with a quoted bid price of Rs. 312.13 crore, inclusive of GST. The project is set to be completed within an execution timeline of 18 calendar months, excluding the monsoon period.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Share Performance

On Friday, the shares of Ashoka Buildcon Ltd closed at around Rs 245.40 per share on the BSE. The company’s current market capitalization stands at Rs 6888.95 crore. Additionally, the shares have delivered an impressive return of around 90 per cent in the past 1 year.

Financial Performance

As per the Quarterly Results, in the Q1 FY25, Ashoka Buildcon Ltd recorded a revenue of Rs 2465 crore compared to Rs 1935 crore. The operating profit stood at Rs 599 crore. The net profit stood at Rs 158 crore compared to a profit of Rs 72 crore. Looking at the annual performance, the company generated a revenue of Rs 9798 crore in FY24. The operating profit for FY24 was Rs 2233 crore with a net profit of Rs 521 crore compared to a net profit of Rs 294 crore in FY23.

Check out my recent article here.

Investors must keep this stock on their radar.

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

Previous Article Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Next Article Rs 52,626 Crore Order Book: Rekha Rakesh Jhunjhunwala-Backed Construction Company Bagged Order Worth Rs 3,496 Crore in October, Stock Gains Over 120 Per cent in Just 1 Year!
Print
341 Rate this article:
3.7

1 comments on article "Multibagger Small-Cap Civil Construction Company Declared Lowest Bidder for Rs 312.13 Crore Project with Maharashtra State Electricity Transmission"

Avatar image

Omprakash Jain

I wanna join dalal street online stock

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