Rs 3,240 crore order book: This micro-cap civil construction company receives orders worth Rs 289.30 crore!

The stock is up by 60 per cent in just 1 year and over 125 per cent in 1 decade.

RPP Infra Projects Ltd informed that it receives new orders worth Rs 289.30 crore. Details below:

Order No-1: Rectification of Black Spot by constructing a 3 Lane Additional flyover on RHS (1x25+1x40+1x25m) at Uthamasolapuram, with Vehicular underpass at different locations in the project of Salem-Kumarapalaym section of NH-544 in the State of Tamilnadu on EPC mode, at a contract price of Rs 125.85 crore (Including GST).

Order No-2: ECO Restoration/Rejuvenation and Beautification of Vandiyur Tank in Madurai City Municipal Corporation, at a contract price of Rs 41.15 crore (Including GST).

Order No-3: Project from various Town panchayat for Improvements to the Existing Water Supply Distribution System and Providing House Service Connection, at Odugathur, Pallikonda, Othakkalmandapam, Kannampalayam, Nilakkottai for a contract value of Rs 122.3 crore (Including GST)

Additionally, as of June 30, 2023, the company order book stands at Rs 3,240 crore.

On Wednesday, shares of RPP Projects surged 1.31 per cent from its previous closing of Rs 56.52 to Rs 57.26 per share with an intraday high of Rs 48.79 and an intraday low of Rs 56.60. The stock has a 52-week high of Rs 60.48 and a 52-week low is Rs 34.25.

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.

In terms of finances, RPP Infra Projects has a market cap of Rs 213.39 crore. The company reported amazing numbers in its Quarterly Results and annual results. The company’s shares have a PE of 8.35x whereas the industry PE is 38.40x.

The stock is up by 60 per cent in just 1 year and over 125 per cent in 1 decade. Investors should keep an eye on this multibagger micro-cap stock.