Rs 4,717 crore Order Book: This Small-Cap Infra Company Bags Order Worth Rs 91 crore from Northwestern Railway Bikaner; Must Watch!
The company’s shares have delivered an impressive return of over 90 per cent compared to its final IPO issue price.
Vishnu Prakash R Punglia Limited, a prominent name in the infrastructure development sector, is pleased to announce a major milestone: the receipt of a Letter of Acceptance from the Office of DY CE-C-BKN-ENGINEERING, Northwestern Railway Bikaner. This acceptance pertains to their successful bid for the project titled "Earthwork in filling and cutting in formation, blanketing, trolley refuges, toe wall, retaining wall, pitching, construction of Minor Bridges & LHS, FOB, Platform, Platform Shelters, S&T structures, cable duct, and other ancillary works between Sadulpur to Churu in Connection with Churu-Sadulpur Doubling Project.” Following a rigorous evaluation process, Vishnu Prakash R Punglia Limited has been selected as the contractor for this significant project, valued at Rs 908.97 million.
Vishnu Prakash R Punglia Limited" is one of India's fastest-growing infrastructure development companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited engages in designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private entities across 9 states and 1 union territory in India.
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Share Performance:
Today the shares of Vishnu Prakash R Punglia Limited closed the day at Rs 197.40 per share. The company’s current market capitalization stands at Rs 2460.47 crore. The stock has delivered a return of around 100 per cent compared to its final IPO issue price of Rs 99 per share.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Vishnu Prakash R Punglia Limited reported a revenue of Rs 657 crore and an operating profit of Rs 105 crore. The operating profit margin for the quarter stands at 16 per cent. The company’s net profit stood at Rs 67 crore. In FY24, the company reported a revenue of Rs 1474 crore compared to Rs 1168 crore, and a net profit of Rs 122 crore, compared to a profit of Rs 91 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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