Rs 8,828 crore order book: Mukul Agrawal-backed civil construction company bags new orders worth Rs 1,203 crore from Signatureglobal (India) Ltd

The stock is up over 80 per cent from its 52-week low of Rs 187.25 per share.

Capacit'e Infraprojects Limited has received work orders worth Rs 1,203 crore (Excl GST) from Signatureglobal (India) Limited, a new client, for the construction of the civil structure and Part MEP work for all towers & basements and all other ancillary buildings” in their Group Housing Project namely, “Titanium SPR (Phase-1 and 2)” at Sector 71, Gurugram, Haryana.

About the Company

Capacit'e Infraprojects Limited (Capacit'e/the Company) has etched a name as a quality contractor in the building space. Today, it is working with almost all major real estate developers in the country. Capacit'e has rapidly emerged as a marquee contractor in the building space with good repute. The Company’s sharp focus on the single segment of buildings, emphasising technology, a robust asset base and the promoters’ rich experience in the EPC space have enabled it to scale up quickly in the building space and become a well-respected player. Capacit'e provides end-to-end construction services for High Rise and Super High-Rise Buildings, Townships, Mass Housing, etc. in the residential space, Office Complexes, IT & ITES Parks in the commercial space and Hospitality, Healthcare Facilities, Industrial Buildings, MLCPs in the institutional space.

The company has a market cap of over Rs 2,800 crore and its median sales growth is 34 per cent for the last 10 years. According to Quarterly Results, the net sales increased by 32.4 per cent to Rs 569.75 crore and net profit increased by 180.1 per cent to Rs 53.41 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 7.4 per cent to Rs 1,931.64 crore and net profit increased by 26.2 per cent to Rs 120.24 crore in FY24 compared to FY23.

As of June 30, 2024, the company's gross debt increased to Rs 336 crore from Rs 326 crore on March 31, 2024, with a Gross debt-to-equity ratio of 0.21x. Net Debt stood at Rs 94 crores, resulting in a Net Debt to Equity ratio of 0.06x. Despite increasing debt, the company maintained its focus on project execution and improving working capital. The company's standalone order book reached Rs 8,828 crore, with a significant 72 per cent contribution from the public sector and the remaining 28 per cent from the private sector.

As of September 2024, an ace investor, Mukul Agrawal owns a 6.21 per cent stake in the company. The stock is up over 80 per cent from its 52-week low of Rs 187.25 per share. Investors should keep an eye on this small-cap stock.

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