This mid-cap company receives an order worth Rs 758.10 crore!

In Q2FY23, net sales rose by 12.13 per cent and net profit skyrocketed 123.45 per cent over Q3FY22.  

G R Infraprojects Ltd has received a Letter of Award (“LOA”) for a project development, operation and maintenance of a multi-modal logistics park (MMLP) in Indore near Pithampur, in Dhar District in the State of Madhya Pradesh through a public-private partnership in design, build, finance, operate and transfer (DBFOT) basis”. The project costs Rs 758.10 crore and will be constructed in 2 years and 45 years of operation, including the construction period.  

Incorporated in the year 1995, G R Infraprojects Ltd is an integrated road Engineering, Procurement and Construction company (EPC) with experience in the design and construction of various road/highway projects across 15 states in India. It mainly undertakes civil construction projects under the road sector's EPC and BOT (Build Operate Transfer) basis.  

According to the financials, G R Infraprojects has a market cap of Rs 9,860 crore. The company reported excellent numbers in both Quarterly Results and annual results. In Q2FY23, net sales rose by 12.13 per cent and net profit skyrocketed 123.45 per cent over Q3FY22.  

Today, shares of G R Infraprojects Ltd plunged 1.10 per cent to Rs 1,008.45 per share from its previous closing of Rs 1,019.65 with an intraday high of Rs 1,022.80 and low of Rs 999. The stock had a 52-week high of Rs 1,624.40 and a 52-week low of Rs 994.30.  

The stock has a PE of 10.66x and an ROE of 19.07 per cent. Investors should keep an eye on this Mid-Cap stock.