Rs 10,233 crore order book: This small-cap multibagger construction company receives order worth Rs 101 crore!

The stock has delivered a 151 percent return from its 52-week low, turning out to be a multibagger for investors.

In a significant development, Capacit'e Infraprojects Limited has bagged a substantial work order worth Rs 101 Crore (Excluding GST) from Tridhaatu Aranya Developers LLP for the Aranya Phase-II project in Chembur. This reaffirms the trust and confidence that clients place in Capacit'e for their construction endeavours.

Rahul Katyal, Managing Director & Chief Executive Officer, expressed his delight at the continued partnership with Tridhaatu Aranya Developers LLP. The order inflow for the current financial year, combined with the existing order book, instils confidence in the company's ability to achieve substantial growth in the coming quarters.

Top of Form

Capacit'e Infraprojects Limited, headquartered in Mumbai, is an Engineering, Procurement, and Construction (EPC) company with a diverse portfolio encompassing residential and commercial projects, including data centres, educational institutions, hospitality, and healthcare buildings. The company operates primarily in the Mumbai Metropolitan Region (MMR) and has ongoing projects in the National Capital Region (NCR), Pune Metropolitan Region (PMR), Gandhinagar, Kochi, and Goa.

Key highlights include a comfortable gross debt equity ratio of 0.30x as of September 30, 2023, compared to 0.34x as of March 31, 2023. The gross debt figure incorporates Promoter debt amounting to Rs 25.7 crores, considered quasi-equity. The company's strategic focus includes reducing fund-based debt in the medium to long term, enhancing profitability, and improving return ratios.

The company has Robust orderbook at Rs 10,233 Cr as on Sep 30, 2023. The orderbook analysis is as follows

Source- Company Investor presentation

Management anticipates a reduction in the working capital cycle, starting to reflect from the second half of FY24. The stock has delivered a 151 percent return from its 52-week low, turning out to be a multibagger for investors. Capacit'e Infraprojects is poised for continued success in the construction and infrastructure sector. Investors should keep this stock in watchlist.

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