Rs 19,530 crore order book: This civil construction company secures and executes multiple orders worth Rs 1,720.04 crore!

The stock is up by 30 per cent in just 1 month whereas BSE Industrials Index is up by 6.10 per cent.

G R Infraprojects Ltd is a leading Engineering, Procurement & Construction company (EPC) that announced that the company have started executing 2 projects worth Rs 1,720.04 crore. Details below:

Project No 1: Construction of Six laning of Surat –Nashik–Ahmednagar-Solapur in the State of Maharashtra to be executed on Hybrid Annuity Mode under Bharatmala Pariyojana. The order is worth Rs 872.17 crore under HAM and will be completed within 730 days from the appointed date.

Project No 2: Construction of a 4‐lane access controlled greenfield highway from Venkatpur village in Warangal District to Thallasenkesa Village in Mahabubabed District under another Economic Corridor (NH(O)) programme on hybrid annuity mode in the State of Telangana (Package‐II). The order is worth Rs 847.87 crore under HAM and will be completed within 730 days from the appointed date.

According to the financials, GR Infraprojects Ltd has a market cap of over Rs 12,500 crore. The net sales increased by 2.71 per cent and the net profit increased by 40.91 per cent in Q4FY23 over Q4FY22. The net sales increased by 12.10 per cent and net profit increased by 74.83 per cent in FY23 over FY22.

Order Book: The order book as on March 31, 2023 stands at Rs 19,530 crore. During the year (2022-2023), the company bagged 7,900 crore orders and 7,250 crore lowest bidder (L1) orders.

On Wednesday, shares of G R Infraprojects Ltd surged 1.95 per cent to Rs 1,293.40 per share with an intraday high of Rs 1,303.10 and an intraday low of Rs 1,274.40. The stock had a 52-week high of Rs 1,444.75 and a 52-week low of Rs 930.

The stock has a PE of 11x and an ROE of 27 per cent. The stock is up by 30 per cent in just 1 month whereas BSE Industrials Index is up by 6.10 per cent.

Investors should keep an eye on this Mid-Cap stock.