Rs 20,042 crore order book: This civil construction company receives an order worth Rs 47.97 crore from REC PDCL Ltd!
The stock has a PE of 8.81x whereas the industry PE is 15x and an ROE of 26.10 per cent.
GR Infraprojects has achieved a significant milestone by emerging as the successful bidder for the establishment of the "Transmission system for Evacuation of Power from RE Projects in Rajgarh (1000 MW) SEZ in Madhya Pradesh‐Phase II." The company has received the Letter of Intent from REC Power Development and Consultancy Limited on December 31, 2023.
This project, which is a part of the Inter‐State Transmission System Network, was awarded through the Tariff Based Competitive Bidding Process (TBCB). The client for this ambitious venture is the Central Transmission Utility, and the project involves an annual transmission charge of Rs. 41.97 crore. The completion period for the transmission system is set at 24 months, with an extended operation period of 35 years.
Order Book: The order book as of September 30, 2023 stands at Rs 20,042 crore.
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According to the financials, GR Infraprojects Ltd has a market cap of Rs 10,945 crore. On November 10th, following the company's Quarterly Results, which revealed a 35 per cent YoY fall in net profit. The company's net profit fell 35 per cent year on year (YoY) to Rs 217.16 crore during the quarter, down from Rs 336.23 crore in the previous quarter. Revenue from operations fell 12 per cent year on year to Rs 1,882.78 crore for the quarter, down from Rs 2,136.36 crore in the same period the previous fiscal year.
Previously, the company declared that it had been selected as an L-1 bidder in a financial bid for a tender solicited by RITES on behalf of the Shri Mata Vaishno Devi Shrine Board, Katra.
On Monday, shares of G R Infraprojects Ltd plunged 1.07 per cent to Rs 1,132 per share with an intraday high of Rs 1,195 and an intraday low of Rs 1,120. The stock had a 52-week high of Rs 1,381 and a 52-week low of Rs 930.
The stock has a PE of 8.81x whereas the industry PE is 15x and an ROE of 26.10 per cent. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.