1:1 bonus share & Rs 3,672 crore order book: Multibagger civil construction stock hit back-to-back upper circuits & 52-week highs; Here’s why!

The stock gave multibagger returns of 445 per cent in just 1 year and a whopping 1,450 per cent in 5 years.

Today, one of the Top Gainers on BSE, shares of GPT Infraprojects Ltd gained 5 per cent to an intraday high of Rs 190.75 per share from its previous closing of Rs 181.70. The stock also made a fresh 52-week high of Rs 190.75 and its 52-week low of Rs 34. The shares of the company saw a spurt in volume by more than 1.01 times on BSE.

GPT Infraprojects Limited plans to raise Rs 175 crore through issuing equity shares, convertible securities, or a combination of both. This fundraising will be conducted through a Qualified Institutions Placement (QIP) or other permissible methods, subject to shareholder and regulatory approvals. The Board of Directors' meeting on July 5, 2024, approved these plans and the formation of a dedicated Fund-Raising Committee to oversee the process. Shareholders will be informed of a meeting to vote on this proposal.

Earlier, shares of the company ex-traded bonus issue in the ratio 1:1 i.e., 1 equity share of Rs 10 each for every 1 equity share of Rs 10 each held by the shareholders. The ex-record date for bonus shares was Wednesday, July 03, 2024. The Board allotted 5,81,72,000 bonus equity shares having a face value of Rs 10 each fully paid up and the paid-up equity share capital of the company stands increased to 1,16,34,40,000 consisting of 11,63,44,000 equity shares of Rs 10 each.

Furthermore, the company has been on a winning streak, securing multiple contracts in recent months. The company recently secured an order valued at Rs 26 crore from Transnet Freight Rail, South Africa, for the supply of concrete sleepers from their South African subsidiary. Additionally, GPTINFRA was declared the lowest bidder (L1) for a much larger project valued at Rs 554.94 crore by Rail Vikas Nigam Limited (RVNL). This project involves the construction of various components for an elevated expressway in West Bengal, including the viaduct portion, railway overbridges, ramps, underpasses, culverts, and an office building. They will also handle electrification and lighting for the project. Furthermore, GPT secured a separate order valued at Rs 487 crore in a joint venture, with their share amounting to Rs 126.82 crore, for the construction of a new railway line in Maharashtra.

Established in 1980, GPT Infraprojects Limited, the leading infrastructure arm of Kolkata-based GPT Group, is a prominent player in both railway-focused civil and infrastructure projects (including bridges and ROBs) and concrete sleeper manufacturing for railways in India and Africa (with units in South Africa, Namibia, and Ghana). GPT stands out for its strong project execution capabilities, financial stability, and promising growth across its operations. The outstanding order book for the company now stands at approximately Rs 3,672 crore with a total order inflow for Fiscal 2025 of Rs 700 crore.

According to Quarterly Results, the net sales increased by 10 per cent to Rs 295.01 crore and net profit increased by 40.5 per cent to Rs 15.08 crore in Q4FY24 over Q4FY23 while in its annual results, the net sales increased by 25.9 per cent to Rs 1,018.28 crore and net profit increased by 98.1 per cent to Rs 56.52 crore in FY24 over FY23.

The company has a market cap of over Rs 2,200 crore. The stock gave multibagger returns of 445 per cent in just 1 year and a whopping 1,450 per cent in 5 years. Investors should keep an eye on this small-cap stock.

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

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