Rs 5,890 Crore Order Book: Construction Company Secures Orders Worth Rs 554.92 Crore, FY25 Order Inflows Reach Rs 1,444.91 Crore – FIIs and DIIs Significantly Increase Stake

The company’s shares have delivered a multibagger return of over 330 per cent in just 1 year.

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 the following orders:

Construction of Gold Stone Hotel and Commercial Towers in Bangalore, Karnataka, worth Rs 389.29 Crores (excluding GST) under the Institutional Category. The projects are to be completed within 22 months and 16 months, respectively.

Construction of Residential Towers in Ahmedabad, worth Rs 165.04 Crores (excluding GST). This project is to be completed within 24 months.

With the receipt of these orders, the total order inflow for the financial year 2024-25 to date amounts to Rs 1444.91 Crores.

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Currently, the shares of PSP Projects Ltd are trading at around Rs 682.50 per share on the BSE. The company’s current market capitalization stands at Rs 2705.55 crore.

As per the Quarterly Results, 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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Disclaimer: The article is for informational purposes only and not investment advice.