Rs 2,288 crore order book: This multibagger infrastructure company bags new orders worth Rs 32 crore from Eastern Railway!

Shares of the company gained more than 45 per cent in the last six months.

GPT Infraprojects Limited informed in the exchange filing that the company has bagged an order worth Rs 32 crore. The order involves manufacturing and supply of a Mono-Block Pre-Stressed Concrete Sleeper confirmed to RDSO.

GPT, incorporated in 1980, operates through two business divisions - Infrastructure and Sleepers. The company made inroads into the infrastructure segment in 2004 and is now an established railway-focused player. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In Sleepers, the company manufactures and supplies concrete sleepers for Railways in India and Africa.

The company posted impressive Quarterly Results in Q1FY24. The revenue of the company stood at Rs 235.90 crore which grew by 25.54 per cent YoY. The operating profit of the company stood at Rs 29.52 crore, while the PAT of the company stood at Rs 12.47 crore, which increased by 94.21 per cent YoY.

GPT Infraprojects Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 16.55 on August 21, 2020, to Rs 76.90 on August 18, 2023, an increase of about 360 per cent in three years holding period. And in the last six months, the stock has gained about 47 per cent.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.