Rs 984.72 crore order book: Multibagger construction company bags new order worth Rs 71.99 crore from Goyal and Company (Construction) Pvt Ltd
From its 52-week low of Rs 77 to Rs 173.10 per share, the stock gave multibagger returns of 125 per cent to its investors.
Chavda Infra Limited has secured a significant contract valued at INR 71.99 Crores (excluding taxes) to construct a commercial building named "ORCHID FINSBURY" in Shilaj, Ahmedabad, Gujarat. The project, awarded by Goyal and Company (Construction) Pvt Ltd., entails comprehensive construction activities encompassing reinforced concrete (R.C.C.) work, masonry, plastering, and other associated tasks. This residential project is slated for completion within 24 months and marks a substantial addition to Chavda Infra Limited's portfolio of ongoing construction endeavours.
Earlier, the company secured three new construction contracts totalling Rs 81.93 crore (excluding taxes). The projects, spanning residential, commercial, and institutional sectors, showcase the company's diverse capabilities. The first project, "RAJSHREE REGALIA," for Rajshree Proinfra LLP in Ahmedabad, involves construction work including RCC, masonry, and plaster and is valued at Rs 11.59 crore. The second project, "24 CARAT GOLD COIN," for Kamal Corporation in Ahmedabad, is also residential and valued at Rs 13.09 crore. The most significant project is "HOSTEL BUILDING 5" for Nirma Education and Research Foundation in Ahmedabad, valued 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 984.72 crore.
On Friday, shares of Chavda Infra Ltd plunged 5 per cent to Rs 173.10 per share from its previous closing of Rs 182.30 with an intraday high of Rs 184.20 and an intraday low of Rs 172.50. The stock’s 52-week high is Rs 188.50 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 173.10 per share, the stock gave multibagger returns of 125 per cent to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.
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