Multibagger Small-Cap Civil Construction Company Declared Lowest Bidder for Rs 312.13 Crore Project with Maharashtra State Electricity Transmission

The company’s shares have delivered an impressive return of around 90 per cent to its shareholders in the past 1 year.

This Small-Cap company specializing in construction and infrastructure facilities on an EPC (Engineering, Procurement, and Construction) and BOT (Build, Operate, Transfer) basis, the company has been declared as the Lowest Bidder (L-1) for one of the projects from MSETCL.

Order Details

Ashoka Buildcon Ltd recently submitted a bid to Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) for a project involving the establishment of a 400/220 kV substation at Nandgaon Peth in Amravati District, along with related transmission lines in the Amravati Zone, Maharashtra. The Company has been declared the Lowest Bidder (L-1) for this project, with a quoted bid price of Rs. 312.13 crore, inclusive of GST. The project is set to be completed within an execution timeline of 18 calendar months, excluding the monsoon period.

Share Performance

On Friday, the shares of Ashoka Buildcon Ltd closed at around Rs 245.40 per share on the BSE. The company’s current market capitalization stands at Rs 6888.95 crore. Additionally, the shares have delivered an impressive return of around 90 per cent in the past 1 year.

Financial Performance

As per the Quarterly Results, in the Q1 FY25, Ashoka Buildcon Ltd recorded a revenue of Rs 2465 crore compared to Rs 1935 crore. The operating profit stood at Rs 599 crore. The net profit stood at Rs 158 crore compared to a profit of Rs 72 crore. Looking at the annual performance, the company generated a revenue of Rs 9798 crore in FY24. The operating profit for FY24 was Rs 2233 crore with a net profit of Rs 521 crore compared to a net profit of Rs 294 crore in FY23.

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