Rs 2,500 crore order book: This multibagger civil construction company receives order worth Rs 606 crore from Government of Bihar!

The stock gave multibagger returns of 110 per cent in just 6 months, 160 per cent in 1 year and over 450 per cent in 3 years.

On Friday, shares of Vascon Engineers Ltd plunged 0.55 per cent to Rs 61.58 per share from its previous closing of Rs 61.92. The stock traded at an intraday high of Rs 63 and an intraday low of Rs 60.

Vascon Engineers Limited informed that the company has received a letter of acceptance amounting to approx. Rs 606 crore (including GST) from Bihar Medical Services & Infrastructure Corporation Limited (A Government of Bihar undertaking),

The order includes the construction of Lohia Medical College & Hospital including the hospital and residential building, Supaul. The work has been awarded on an EPC basis and will be completed within 36 months from LOA.

Vascon Engineers Ltd., established in 1986, is a construction engineering company in India with a presence in the real estate business having an asset-light model and clean room partition manufacturing business.

Talking about the financials, Vascon Engineers has a market cap of over Rs 1,300 crore. The company reported amazing numbers in Quarterly Results (Q1FY24) and annual results (FY23). As of June 30, 2023, the company order book stands at Rs 1,980 crore (Forming a healthy order book of 3.02x FY23 EPC revenues). Including, the above order the company’s order book stands at over Rs 2,500 crore.

The shares of the company have a PE of 13.3x whereas the industry PE is 32.1x. The stock gave multibagger returns of 110 per cent in just 6 months, 160 per cent in 1 year and over 450 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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