Rs 3,616 crore order book: This micro-cap civil construction company receives order worth Rs 138.24 crore from Jal Sakthi Vibhag!
The stock is up by 80 per cent in just 1 year and over 150 per cent in 1 decade.
RPP Infra Projects Ltd and HS Engineers Associates have entered into a joint venture and has been received a letter of acceptance for a new project viz, H1 Package-engineering procurement, construction, testing, commissioning, trial run and operation and maintenance of various components of Augments of sources of various LWSS in Tehsil Barsar District Hamirpur, Himachal Pradesh (Under NDB FUNDING) IN single package on turnkey job basis. The new order is worth Rs 138.24 crore approx. and the completion of the project shall be 24 months & 60 months for operations and maintenance.
Previously, the company has received 3 orders worth Rs 238.30 crore from various clients across India. As of June 30, 2023, the company order book stands at Rs 3,240 crore and including the above order the company order book stands at Rs 3,616.54 crore.
On Tuesday, shares of RPP Projects surged 1.36 per cent from its previous closing of Rs 63.15 to Rs 64.01 per share with an intraday high of Rs 68.69 and an intraday low of Rs 63.85. The stock has a 52-week high of Rs 60.48 and a 52-week low is Rs 34.25.
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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 3.60 times on BSE.
In terms of finances, RPP Infra Projects has a market cap of Rs 241 crore. The company reported amazing numbers in its Quarterly Results and annual results. The company’s shares have a PE of 9.20x whereas the industry PE is 38.40x.
The stock is up by 80 per cent in just 1 year and over 150 per cent in 1 decade. Investors should keep an eye on this multibagger micro-cap stock.