Rs 4,100 Crore Order Book: Multibagger Small-Cap Infra Company Secures Multiple Orders Worth Rs 127.46 Crore – Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive return of over 137 per cent in last one year.
Today, the company’s shares rallied and hit the upper circuit, and finally closed at around Rs 187 and the current market capitalisation stands at Rs 925 crore. Additionally, the shares have delivered an impressive multibagger return of over 137 per cent in the past 1 year only.
RPP Infra Projects Ltd and Surendra Infrastructure Private Limited - RPP Surendra JV with the ratio of 51 per cent and 49 per cent respectively has been received letter of acceptance for a new projects -Improvement to Poladpur Mahabaleshwar Wai Surur Road SH- 139 km 0/000 to 24/000 Total Length 24.2 Km in the state of Maharastra for Contract Value of Rs 127.46 Crores (Inc GST).
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Earlier, the Company as secured new orders worth Rs 318.63 crore. The company received a letter of acceptance for two mhajor projects in Maharashtra:
- Construction of a concrete pavement road, including the reconstruction and widening of bridges and culverts for the Alibag Bypass Road, valued at Rs 201.94 crore (including GST).
- Improvement of the Pachorowadi-Shewale-Satgaon Road, valued at Rs 116.69 crore (including GST).
Order book: As of August 2024, the company holds a strong order book worth Rs 4,100 crore.
As per the Quarterly Results, in the Q1 FY25, R.P.P Infra Projects Ltd recorded a revenue of Rs 340 crore compared to Rs 243 crore. It reported an operating profit of Rs 24 crore. The net profit stood at Rs 16 crore compared to Rs 10 crore. Looking at the annual performance, the company generated a revenue of Rs 1353 crore in FY24 compared to Rs 1040 crore. The operating profit for FY24 was Rs 65 crore with a net profit of Rs 57 crore compared to a profit of Rs 29 crore in FY23.
The shares of the company have a PE of 14.8x whereas the industry PE is 24.8x. The company has reduced debt and is expected to have a good quarter. The company has delivered good profit growth of 19.4 per cent CAGR over the last 5 years
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.