Low Pe & high ROE SME stock: This recently listed infrastructure stock bags new orders worth Rs 147.64 crore from Radherth Venture LLP!

The stock has a PE of 18x, an ROE of 50 per cent and an ROCE of 29 per cent.

Chavda Infra Limited informed that the company has bagged a work order worth Rs 147.64 Crores (Excluding Taxes) from Radherth Venture LLP. The order includes construction work including R.C.C. work, masonry, plaster & other work in Vaishnodevi Circle, Ahmedabad, Gujarat. The name of the project is “TROGON” and is worth Rs 147.64 crore. The said order will be completed within 30 months from the letter of intent (LOI).

Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat. The company has a market cap of Rs 225 crore. According to annual results, the company reported amazing numbers wherein net sales increased by 47.27 per cent to Rs 162 crore and net profit increased by 140 per cent to Rs 12 crore in FY23 compared to FY22.

On Thursday, shares of Chavda Infra Ltd gained 0.55 per cent to Rs 91 per share from its previous closing of Rs 90.50 with an intraday high of Rs 93.60 and an intraday low of Rs 90.65. The stock’s 52-week high is Rs 94.50 and its 52-week low is Rs 77.

The shares of the company were recently listed on the NSE as SME stock with a lot size of 2,000 shares. The stock has a PE of 18x, an ROE of 50 per cent and an ROCE of 29 per cent.  Investors should keep an eye on this SME stock.

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