Rs 3,200 crore order book and 150 per cent returns: This multibagger civil construction stock bags new order worth Rs 310.93 crore!
Shares of the company gained more than 20 per cent in the last six months.
RPP Infra Projects Limited secured two contracts for constructing new district jails in Uttar Pradesh, India, using the Engineering, Procurement, and Construction (EPC) model. Both jails will have a capacity of 1,026 inmates.
The first project, in Hapur, is valued at Rs 158.82 crore and has a completion timeframe of 18 months. The second project, in Jaunpur, is valued at Rs 152.11 crore with the same timeframe. These wins add to RPP Infra's growing order book within the construction sector and highlight their expertise in government projects.
The company also posted robust results in Q4FY24. The revenue of the company for Q4FY24 stood at Rs 412.01 crore which increased by 34.8 per cent YoY. The operating profit of the company stood at Rs 27.59 crore, while the PAT of the company stood at Rs 13.61 crore which decreased by 14.99 per cent from FY23. The company has an order book of Rs 3,200 crore. The stock has also delivered multibagger returns of over 150 per cent in the last one year.
RPP Infra Projects Limited, incorporated in 1995, is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and waste management. In the building segment, the company is focusing on Affordable housing, social infrastructure, Hospitals etc. In the Infrastructure segment is focusing on Smart City projects, Roads & highways, and Integrated stormwater drainage while under Water management it focuses on Jal Jeevan Mission projects, Water supply distribution, Canal construction etc.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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