Rs 18,900 crore order book: This civil construction company receives completion certificates for orders worth Rs 2,800.4 crore from NHAI!
The stock is up by 40 per cent in just 1 year and generated multibagger returns of over 130 per cent in 3 years.
PNC Infratech Ltd announced that the company received completion certificates for orders worth Rs 2,800.4 crore from the National Highways Authority of India (NHAI). Here are the details:
Order No – 1: Construction of an eight-lane access-controlled expressway starting in Panchmahal district section of Delhi-Vadodara Greenfield Alignment on an EPC mode under Bharafinala Pariyojana in the State of Gujarat. The order is worth Rs 748.40 crore and was completed in 2 years.
Order No – 2: Four laning of Aligarh-Kanpur section of NH-91 in the state of Uttar Pradesh on HAM under Bharatrnala Pariyoina. The order is worth Rs 2.052 crore and was completed in 2 years.
PNC Infratech Limited is one of the front-ending infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities.
The company has a market cap of over Rs 9,500 crore. As of June 30, 2023, the company has a robust order book of Rs 18,900 crore (including a contract worth Rs 4,083 crore not yet included in the order book).
On Wednesday, shares of PNC Infratech plunged 0.36 per cent to Rs 371.55 per share from its previous closing of Rs 372.90 with an intraday high of Rs 376.2 and an intraday low of Rs 368.85. The stock’s 52-week high is Rs 387.20 and its 52-week low is Rs 251.10.
The shares of the company have a PE of 15x, an ROE of 17.37 per cent and a ROCE of 15 per cent. The stock is up by 40 per cent in just 1 year and generated multibagger returns of over 130 per cent in 3 years. Investors should keep an eye on this Mid-Cap civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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