Rs 3,200 crore order book & FIIs increase stake: This micro-cap civil construction company bags new orders worth Rs 133.48 crore from Rites and TWSDB!

The stock gave multibagger returns of 130 per cent in just 6 months whereas BSE Sensex Index is up by 6.9 per cent.

RPP Infra Projects Ltd informed that the company bagged new orders worth Rs 133.48 crore. Here are the details:

Order No.1 – The company have received an order worth Rs 80.85 crore from RITES Ltd, SRPO Bangalore. The order includes supplying, fabricating & erecting structural steel works including roofing for pre-engineered buildings & workshops for the proposed BMRCL Metro Depot at Challa Hatta, Bangalore and will be completed within 9 months from LOI.

Order No.2 – The company have received an order worth Rs 29.75 crore from Tamilnadu Water Supply and Drainage Board, Madurai. The order includes Providing additional sources under retrofitting of Ramnad CWSS covering 5 municipalities, 11 town panchayats and 3163 rural habitations in Ramanathapuram, Sivagangai and Pudukottai Districts for the construction period of 12 months and operation and maintenance for 60 months.

Order No.3 – The company have received an order worth Rs 22.88 crore from the Chief Engineer, Tamilnadu Water Supply and Drainage Board, Thanjavur. The order includes operation and maintenance of the CWSS in 3 Nos. of Thiruvarur District including repair and rectification works and supply of chemicals for 3 years period.

On Friday, shares of RPP Projects gained 0.27 per cent from its previous closing of Rs 97.72 to an intraday high & 52-week high of Rs 97.98 per share with a spurt in volume by more than 1.83 times on BSE.

In 1995, RPP Infra Projects Limited was formed. It is involved in the construction of many infrastructure sectors such as roads, buildings, industrial structures, power, irrigation, and waste management. The shares of the company saw a spurt in volume by more than 1.83 times on BSE. As of June 30, 2023, the company has an order book of over Rs 3,200 crore.

In terms of finances, RPP Infra Projects has a market cap of Rs 368 crore. The company reported amazing numbers in its Quarterly Results and annual results. The company’s shares have a PE of 7.16x whereas the industry PE is 29.40x. As of September 30, 2023, FIIs have increased their stake from 0.39 per cent to 0.79 per cent.

The stock gave multibagger returns of 130 per cent in just 6 months whereas BSE Sensex Index is up by 6.9 per cent. Investors should keep an eye on this micro-cap stock.

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