Under Rs 200: Multibagger Infrastructure Company Bags Multiple Orders Worth Rs 70,80,00,000 – Complete Details Inside!
The company’s shares have delivered an impressive return of over 130 per cent to its shareholders.
Incorporated in 2009, AVP Infracon engaged in constructing road projects using the Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC) models. The company recently secured two sub-contracts from CDR & Co Constructions, the principal contractor for the State Highways Department of Tamil Nadu. The details of the contracts are as follows:
- Construction of a bypass for Bagalur town, starting at km 3/0 (Kothapalli) and ending at km 9/350 (Jee Mangalam), including the relocation of utilities along NH 207 (New NH 648) on an EPC basis. The order is valued at Rs 23.6 crore including GST.
- Widening and strengthening of the Kallakurichi-Tiruvannamalai Road (SH-6) from two lanes to four lanes, covering Kms 0/0-6/6 and 8/2-5/8. This project includes the installation of a center median, the construction of minor bridges, and the execution of CD works. The order is valued at Rs 47.20 crore including GST.
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Read Under Rs 35: Multibagger Company Secures Multiple Contracts Worth USD 1 Million for Its AI Arm—Complete Details Inside!
Currently, the shares of AVP Infracon are at around Rs 173.10 per share on the BSE. The company’s current market capitalization stands at Rs 434.64 crore. Additionally, the shares have delivered a multibagger return of over 130 per cent compared to its final IPO issue price of Rs 75.
As per the Quarterly Results, in the Q1 FY25, AVP Infracon recorded a revenue of Rs 88 crore. The operating profit stood at Rs 19 crore resulting in a margin of 21 per cent. The net profit stood at Rs 11 crore. Looking at the annual performance, the company generated a revenue of Rs 151 crore in FY24. The operating profit for FY24 was Rs 32 crore with a net profit of Rs 18 crore compared to a net profit of Rs 12 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.