Rs 5,890 Crore Order Book: Construction Company Secures Orders Worth Rs 269.55 Crore, FY25 Order Inflows Reach Rs 1714.46 Crore – FIIs and DIIs Significantly Increase Stake
FIIs increased their stakes to 7.02 per cent from 2.31 per cent while DIIs to 10.45 per cent from 4.53 per cent stake in the company.
PSP Projects Ltd, a construction company incorporated in August 2008, offers a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries.
The company has received a work order for the construction of the high-rise residential tower “SIBAN” at GIFT City, Gandhinagar, valued at INR 269.55 crores (excluding GST) in the residential category. The project is scheduled for completion within 31 months. With this new order, the total order inflow for the financial year 2024-25 so far has reached INR 1,714.46 crores.
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Today, the shares of PSP Projects Ltd are trading at around Rs 661 per share on the BSE. The company’s current market capitalization stands at Rs 2620 crore.
As per the Quarterly Results, in Q1 FY25 PSP Projects Ltd recorded a revenue of Rs 612 crore compared to Rs 510 crore. The operating profit stood at Rs 73 crore. The net profit stood at Rs 34 crore compared to a profit of Rs 37 crore. Looking at the annual performance, the company generated a revenue of Rs 2462 crore in FY24. The operating profit for FY24 was Rs 262 crore with an operating profit margin of 11 per cent with a profit of Rs 124 crore.
According to the company's shareholding pattern, the promoters hold a 60.14 per cent stake while public investors own 22.39 per cent of the shares. FIIs increased their stakes to 7.02 per cent from 2.31 per cent while DIIs to 10.45 per cent from 4.53 per cent stake in the company.
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Investors must keep this Small-Cap construction company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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