Rs 5,690 Crore Order Book: This PSU Civil Construction Company bagged Order Worth Rs 39,63,00,000 from Tata Steel!

The shares of the company have delivered a return of around 165 per cent to its shareholders in just 2 years.

In the latest update, Tata Steel Limited has awarded the Letter of Award for Loco Hiring, along with operation and maintenance, to the President of India’s portfolio civil construction company, which is a leading player in the transport consultancy and engineering sector in India, offering diversified services and a wide geographical reach. The company serves as the exclusive export arm of Indian Railways for providing rolling stock overseas. The total value of the contract is approximately Rs 39.63 crore plus GST. This project is expected to be completed by April 2027.

Incorporated in 1974, RITES Limited stands as a public sector enterprise and a prominent figure in India's transport consultancy and engineering sector, offering diverse services and extensive geographical coverage.

Share Performance:

On Friday, the company's stock closed at around Rs 649 per share, with a market capitalization of Rs 15,595 crore. The stock has delivered a multibagger return of around 165 per cent in just 2 years.

Financial performance:

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 643 crore compared to Rs 687 crore and a net profit of Rs 137 crore compared to Rs 139 crore. In FY24, the company reported a revenue of Rs 2453 crore compared to Rs 2628 crore, and a net profit of Rs 495 crore, compared to a profit of Rs 571 crore in the previous year.

Regarding the shareholding pattern, the promoters own 72.20 per cent of the company, while FIIs and DIIs hold 4.17 per cent and 11.09 per cent, respectively. Public or retail investors hold the remaining 12.53 per cent.

Investors must keep this Mid-Cap stock on their radar.

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