Rs 5,086 Crore Order Book: Railway Infrastructure Company Bags New Order Worth Rs 1,029.27 million From North Western Railway Ajmer Division
The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 141.35 per share.
Vishnu Prakash R Punglia Limited (VPRPL) has secured a substantial contract from the Office of DYCE/C/AII, Ajmer division of North Western Railway. The project entails the construction of major and important bridges, along with ancillary works, between Adarsh Nagar and Raila Road, covering kilometres 4/6 to 99/0. This significant undertaking is part of the Ajmer-Chanderiya doubling project. After a rigorous tender process, VPRPL emerged as the preferred contractor. The project, valued at Rs 1,029.27 million, is set to commence soon. VPRPL is committed to working closely with the Ajmer division and other stakeholders to ensure the timely and successful completion of this crucial railway infrastructure project.
About the Company
Vishnu Prakash R Punglia Limited is one of India's fastest-growing infrastructure development companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. As of September 30, 2023, the company’s order book stands at Rs 5,086 crore.
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The company has a market cap of over Rs 4,000 crore and has delivered good profit growth of 58.5 per cent CAGR over the last 5 years. The shares of the company have an ROE of 25 per cent and an ROCE of 20 per cent. The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 141.35 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.