Rs 30,461 crore order book: This civil construction company executes orders worth Rs 1,457.24 crore from National Highways Authority of India!
The stock has a PE of 9.25x whereas the industry PE is 29.5x and an ROE of 26.30 per cent.
G R Infraprojects Ltd is a leading engineering, procurement and construction company (EPC) that announced that “GR Belgaum Raichur (Package‐5) Highway Private Limited” and “GR Belgaum Raichur (Package‐6) Highway Private Limited” wholly owned subsidiaries of the Company have executed the concession agreement with the National Highways Authority of India.
Order No - 1: Construction of 4 lanes with Paved Shoulders in Belgaum – Hungund - Raichur Section of NH‐748A in the State of Karnataka on Hybrid Annuity Mode. The order will be completed within 730 days from the appointed date and 15 years from the commercial operation date (Package – 5). The order is worth Rs 716.47 crore.
Order No – 2: Construction of 4 lanes with paved shoulders in Belgaum – Hungund – Raichur Section of NH‐748A on Hybrid Annuity Mode The order will be completed within 730 days from the appointed date and 15 years from the commercial operation date (Package – 6). The order is worth Rs 740.77 crore.
Order Book: The order book as of June 30, 2023, stands at Rs 26,848 crore. This includes 3 L1 projects amounting to Rs 7,250 crore. Including the above order, the company’s current order book stands at Rs 30,461 crore.
According to the financials, GR Infraprojects Ltd has a market cap of over Rs 12,000 crore. The company reported positive numbers in its Quarterly Results (Q1FY24) and annual results (FY23). The net sales increased by 12.10 per cent to Rs 9,482 crore and net profit increased by 74.83 per cent to Rs 1,454 crore in FY23 over FY22.
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On Tuesday, shares of G R Infraprojects Ltd gained 0.02 per cent to Rs 1,286.10 per share with an intraday high of Rs 1,338.35 and an intraday low of Rs 1,279.55. The stock had a 52-week high of Rs 1,425 and a 52-week low of Rs 930.
The stock has a PE of 9.25x whereas the industry PE is 29.5x and an ROE of 26.30 per cent. The stock is up by 25 per cent in just 6 months whereas BSE Sensex Index is up by 10.39 per cent. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.