Rs 3,309 crore order book and FIIs & DIIs increase stake: Board likely to announces bonus shares & dividend – Company bags Rs 487 crore order from Central Railway

The stock gave multibagger returns of 338 per cent in just 1 year and a whopping 950 per cent in 3 years.

GPT Infraprojects Ltd informed that the Board of Directors of the Company is scheduled to be held on Friday, May 17, 2024, at the Registered Office of the Company, inter-alia, to consider and approve the following matters: -

1. The audited financial results (standalone & consolidated) along with the report of the statutory auditors thereon of the company for the 4th quarter (Q4) and the year ended on March 31, 2024.

2. Declaration of the third Interim dividend for the Financial Year 2023-24, if any, on the equity share capital of the company.

3. Consideration of bonus issue of shares.

Earlier the company secured a new order valued at Rs 487 crore in a joint venture for the construction of a new broad gauge railway line between chainage 52,500 and 83,200 in the Solapur-Osmanabad section of Central Railway's Solapur Division, Mumbai. This project marks a significant win for GPT, with their share of the venture amounting to 26 per cent. The outstanding order book for the company now stands at approximately Rs 3,309 crore with a total order inflow for Fiscal 2025 of Rs 187 crore.

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Established in 1980, GPT Infraprojects Limited, the leading infrastructure arm of Kolkata-based GPT Group, is a prominent player in both railway-focused civil and infrastructure projects (including bridges and ROBs) and concrete sleeper manufacturing for railways in India and Africa (with units in South Africa, Namibia, and Ghana). GPT stands out for its strong project execution capabilities, financial stability, and promising growth across its operations.

According to Quarterly Results, the net sales increased by 26.6 per cent to Rs 253.76 crore and net profit skyrocketed by 120.1 per cent to Rs 14.97 crore in Q3FY24 over Q3FY23 while in its nine-month results, the net sales increased by 33.7 per cent to Rs 723.30 crore and net profit increased by 98.4 per cent to Rs 41.70 crore in 9MFY24 over 9MFY23.

The company has a market cap of over Rs 1,200 crore with a PE of 25x and an ROE of 11 per cent. The stock gave multibagger returns of 338 per cent in just 1 year and a whopping 950 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.