Rs 20,615 crore order book: This civil construction company receives order worth Rs 1,085.47 crore!

The stock is up by 29 per cent in just 3 months whereas BSE Industrials Index is up by 19 per cent.

G R Infraprojects Ltd is a leading Engineering, Procurement & Construction company (EPC) that announced that the company has received a letter of award for a project worth Rs 1,085.47 crore.

Projects Details: Construction of four laning of NH 530B from Kasganj Bypass End to Chandan Nagar section of NH  530B in the State of Uttar Pradesh on HAM mode – Package 3. The order will be completed within 730 days from the appointed date.

According to the financials, GR Infraprojects Ltd has a market cap of over Rs 12,000 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. Including the above order, the company’s current order book stands at Rs 20,615.47 crore.

On Tuesday, shares of G R Infraprojects Ltd surged 1.96 per cent to Rs 1,273.10 per share. 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 8.57x and an ROE of 26.30 per cent. The stock is up by 29 per cent in just 3 months whereas BSE Industrials Index is up by 19 per cent.

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