This Smallcap Company Bags Order Worth Rs 35,77,97,484 from Tambaram City Municipal Corporation, Stock Hits Upper Circuit Today!
The company’s shares have delivered multibagger returns of over 1100 per cent to its shareholders in just 1 year.
Incorporated in 1996, Vishnusurya Projects and Infra Limited specializes in mining rough stones and manufacturing aggregates and manufactured sand using advanced crushing and sand washing plants. The company also offers integrated Drone as a Service solutions for surveillance, mapping, and surveying.
Vishnusurya Projects and Infra Limited, in collaboration with Gorantla Geo Synthetic Private Limited, has been awarded a significant contract by the Tambaram City Municipal Corporation. The project involves the removal of legacy waste from the Kolathur (Appur) dumping yard using the bio-mining process. This initiative is part of the Solid Waste Management Scheme aimed at fostering a cleaner and more sustainable environment. The total contract value is around Rs 35,77,97,484 and it is expected to complete it within 24 months.
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Execution Plan:
The project will begin with the mobilization and installation of necessary equipment, tools, plants, and vehicles. The waste processing will be conducted at a rate of 900 MT per day, operating 8-hour shifts to achieve a processing rate of 113 MT per hour. The process will involve the segregation of waste into recyclable materials and enriched soil, with debris such as stones and mixed plastics being shredded.
Today shares of Vishnusurya Projects and Infra Limited closed at around Rs 237 per share. The company’s current market capitalization stands at Rs 583.25 crore.
As per the Quarterly Results, in Q4 FY24, Vishnusurya Projects & Infra Limited recorded a revenue of Rs 130 crore. The operating profit for Q4 FY24 stood at Rs 14 crore. The net profit for Q4 FY24 stood at Rs 5 crore. Looking at the annual performance, the company generated a revenue of Rs 231 crore in FY24. The operating profit for FY24 was Rs 48 crore with a net profit of Rs 28 crore compared to a net profit of Rs 17 crore in FY23.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.