Rs 14,000 crore order book: This multibagger civil construction company receives order worth Rs 677.31 crore from North Central Railway!

The stock gave returns of 70 per cent in just 1 year and multibagger returns of over 125 per cent in 2 years.

HGIEL informed the exchanges (BSE Script Code: 541019; NSE Script Code: HGINFRA) that it has received an order from DYCE-C-CNB-ENGINEERING/North Central Railway. The North Central Railway estimated a project cost of Rs 677.31 crore whereas H H.G. Infra Engineering Ltd bid project of Rs 655.10 crore.

The projects include the redevelopment of Kanpur Central Railway Station at Kanpur on Engineering, Procurement and Construction (EPC) mode in the state of Uttar Pradesh and will be completed within 36 months from the LOA.

On Tuesday, shares of H.G. Infra Engineering Ltd (HGIEL) plunged 0.70 per cent from their previous closing of Rs 955.80 to Rs 949.10 per share with an intraday high of Rs 969.95 and a low of Rs 945.10. The stock has a PE of 14.78x whereas the industry PE is 33x with a ROE of 30 per cent and a ROCE of 27 per cent.

H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works

According to the Quarterly Results and annual results the company has reported positive numbers.  The company's order book as of March 31, 2023, amounts to Rs 12,766.30 crore. Taking into account the aforementioned order, the company's order book now exceeds Rs 14,000 crore in total, encompassing all orders received to date. The stock gave returns of 70 per cent in just 1 year and multibagger returns of over 125 per cent in 2 years.  Investors should keep an eye on this stock.