Rs 30,461 crore order book: This civil construction company receives orders worth Rs 3,613 crore from National Highways Logistics Management Limited

The stock has a PE of 9x whereas the industry PE is 28.7x and an ROE of 26.30 per cent.

G R Infraprojects Ltd is a leading Engineering, Procurement & Construction company (EPC) that announced that the company emerged as the L‐1 bidder for orders worth Rs 3,613 crore from National Highways Logistics Management Limited. Here are the details:

Order No - 1: Development, operation and maintenance of ropeway from Gaurikund to Kedarnath in the State of Uttarakhand on hybrid annuity mode (HAM). The order will be completed within 1,460 days from the appointed date and 15 years from the commercial operation date. The order is worth Rs 1875 crore.

Order No – 2: Development, Operation and Maintenance of Ropeway from Govind Ghat – Ghangaria – Hemkund Sahib in the State of Uttarakhand on Hybrid Annuity Mode (HAM). The order will be completed within 1,460 days from the appointed date and 15 years from the commercial operation date. The order is worth Rs 1738 crore.

Order Book: The order book as on June 30, 2023 stands at Rs 26,848 crore. This includes 3 L1 projects amounting to Rs 7,250 crore. Including the above order, the company’s current order book stands at Rs 30,461 crore.

According to the financials, GR Infraprojects Ltd has a market cap of over Rs 12,000 crore. The company reported positive numbers in its Quarterly Results (Q1FY24) and annual results (FY23). The net sales increased by 12.10 per cent to Rs 9,482 crore and net profit increased by 74.83 per cent to Rs 1,454 crore in FY23 over FY22.

On Monday, shares of G R Infraprojects Ltd plunged 1.46 per cent to Rs 1,264.90 per share with an intraday high of Rs 1,315 and an intraday low of Rs 1,233.90. The stock had a 52-week high of Rs 1,437.65 and a 52-week low of Rs 930.

The stock has a PE of 9x whereas the industry PE is 28.7x and an ROE of 26.30 per cent. The stock is up by 25 per cent in just 3 months whereas BSE Sensex Index is up by 5.44 per cent. Investors should keep an eye on this Mid-Cap stock.

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