Rs 9,470.80 crore order book: Civil construction company signs a concession agreement worth Rs 981 crore with NHAI
The company has a market cap of Rs 6,250 crore and the order book stands at Rs 9,470.80 crore.
Ceigall India Limited informed that The National Highways Authority of India signed a Concession Agreement with CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PRIVATE LIMITED, a subsidiary of the Company, on December 24, 2024. This project involves the development of a 6-lane access-controlled highway section of NH-754AD, which is part of the Ludhiana-Ajmer Economic Corridor in Punjab. The project stretches from the junction with Moga-Barnala Road (NH-703) near village Tallewal (starting point at kilometres 30+300) to the junction with Delhi-Katra Expressway (NE-5) near Ludhiana (village Ballowal) ending at kilometres 75+543. The total project cost is estimated at Rs 981 crore and will be built using the Hybrid Annuity Mode (HAM) under Bharatmala Pariyojna Phase-I (Package-2). The construction period for the highway is expected to be 24 months.
About the Company
Ceigall India Limited is a rapidly expanding EPC company boasting an impressive three-year revenue CAGR as of Fiscal 2024, outpacing its peers with a remarkable 43.10 per cent year-on-year revenue growth in the same fiscal. The company has completed over 34 projects, including a diverse portfolio of EPC, HAM, O&M and Item Rate contracts, within the roads and highways sector. Currently, Ceigall is actively engaged in 18 projects, encompassing both EPC and HAM models, which span a range of complex infrastructure development, including elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects and multi-lane highways.
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Ceigall India Limited achieved a record-high revenue of Rs 822.4 crore in Q1FY25, driven by successful infrastructure projects and a Rs 17.1 crore bonus. The company's profitability also surged, with EBITDA growing by 65.1 per cent and PAT by 76.5 per cent year-on-year. The company has been actively reducing its debt levels, repaying Rs 413.4 crore in August 2024.
The company has a market cap of Rs 6,250 crore and the order book stands at Rs 9,470.80 crore. The shares of the company have a PE of 29x, an ROE of 40 per cent and an ROCE of 30 per cent. On Thursday, shares of Ceigall India Ltd gained 6.20 per cent to Rs 365.80 per share from its previous closing of Rs 344.50 per share. The stock’s 52-week high is Rs 425 per share and its 52-week low is Rs 292.95 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.