Rs 1,093.11 crore order book: Multibagger construction company bags new orders worth Rs 30,05,00,000 from HN Safal Infra Developers Pvt Ltd
From its 52-week low of Rs 77 to Rs 194.25 per share, the stock gave multibagger returns of over 150 per cent to its investors.
Chavda Infra Limited has secured construction orders valued at Rs 30.05 crore (excluding taxes) for a residential building project named "THE PARK." The project is being developed by HN SAFAL INFRA DEVELOPERS PRIVATE LIMITED in Ambali, Ahmedabad, Gujarat. Chavda Infra will be responsible for all construction activities, including reinforced concrete work, masonry, plastering, and other related tasks. The residential project is expected to be completed within 27 months.
Earlier, the company secured a construction contract valued at Rs 1.86 crore (excluding taxes) for the BAPS Swaminarayan Santhan's "BAPS SANSKARDHAM" project in Shahi Baug, Ahmedabad, Gujarat. The scope of the 9-month project encompasses reinforced concrete work, masonry, plastering, and other construction activities, underscoring Chavda Infra's expertise in institutional building projects.
Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat. The company has a market cap of Rs 225 crore. According to annual results, the company reported amazing numbers wherein net sales increased by 47.27 per cent to Rs 162 crore and net profit increased by 140 per cent to Rs 12 crore in FY23 compared to FY22. Including the above orders, the company’s order book now stands at Rs 1,093.11 crore and the unexecuted order book as of date is Rs 712.04 crore.
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On Wednesday, shares of Chavda Infra Ltd gained 0.86 per cent to Rs 194.25 per share from its previous closing of Rs 192.60 with an intraday high of Rs 206.90 and an intraday low of Rs 191.50. The stock’s 52-week high is Rs 208.85 and its 52-week low is Rs 77.
The shares of the company are listed on the NSE as SME stock with a lot size of 2,000 shares. The stock has a PE of 30x, an ROE of 49 per cent and an ROCE of 28 per cent. From its 52-week low of Rs 77 to Rs 194.25 per share, the stock gave multibagger returns of over 150 per cent to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.