Rs 879.07 crore order book: This construction company bags new order worth Rs 81.93 crore

From its 52-week low of Rs 77 to Rs 145.90 per share, the stock is up by 89.5 per cent.

Chavda Infra Limited announced that the company have been awarded work orders for a total value of Rs 81.93 crore (excluding taxes) for the construction of commercial buildings. These projects showcase Chavda Infra's diverse capabilities and experience in handling various construction needs.

The first project is for Rajshree Proinfra LLP, for their development named "RAJSHREE REGALIA". Located in Jagatpur, Gota, Ahmedabad, Gujarat, this residential project will involve construction work including RCC, masonry, plaster, and other related tasks. The project is expected to be completed within 18 months and has a value of Rs 11.59 crore.

Chavda Infra will also be undertaking construction for Kamal Corporation's "24 CARAT GOLD COIN" project. Situated on Vijay Cross Road, Navrangpura, Ahmedabad, Gujarat, this project is also residential in nature and will involve similar construction activities like RCC, masonry, and plaster work. The project duration is set at 24 months with a value of Rs 13.09 crore.

The most significant project in terms of value is for Nirma Education and Research Foundation. Chavda Infra will be constructing their "HOSTEL BUILDING 5" located in Vaishnodevi Circle, Ahmedabad, Gujarat. This institutional project will encompass the same range of construction work as the previous ones and is expected to take 24 months to complete. The project value for "HOSTEL BUILDING 5" stands at Rs 57.25 crore.

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Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat. The company has a market cap of Rs 225 crore. According to annual results, the company reported amazing numbers wherein net sales increased by 47.27 per cent to Rs 162 crore and net profit increased by 140 per cent to Rs 12 crore in FY23 compared to FY22. Including the above orders, the company’s order book now stands at Rs 879.07 crore.

On Friday, shares of Chavda Infra Ltd plunged 0.585 per cent to Rs 145.90 per share from its previous closing of Rs 147.15 with an intraday high of Rs 150.50 and an intraday low of Rs 141.30. The stock’s 52-week high is Rs 160.95 and its 52-week low is Rs 77.

The shares of the company are listed on the NSE as SME stock with a lot size of 2,000 shares. The stock has a PE of 30x, an ROE of 49 per cent and an ROCE of 28 per cent. From its 52-week low of Rs 77 to Rs 145.90 per share, the stock is up by 89.5 per cent.

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