Rs 9,470.80 crore order book: Civil construction company bags new order worth Rs 1299,20,00,000 from National Highway Authority of India (NHAI)
The shares of the company have a PE of 23.3x, an ROE of 40 per cent and an ROCE of 30 per cent.
Ceigall India Limited has been awarded the contract to build the 4/6 Lane Southern Ayodhya Bypass in Uttar Pradesh, India from the National Highway Authority of India (NHAI). The project is part of the National Highways Development Project Phase VII and will be implemented on a Hybrid Annuity Model (HAM) basis. The bypass is 32.172 kilometres long and will connect kilometres 5.000 to 37.172 of National Highway 27. Construction is expected to take 24 months and the cost of the project is 1299,20,00,000.
About the Company
Ceigall India Limited is a rapidly expanding EPC company boasting an impressive three-year revenue CAGR as of Fiscal 2024, outpacing its peers with a remarkable 43.10 per cent year-on-year revenue growth in the same fiscal. The company has completed over 34 projects, including a diverse portfolio of EPC, HAM, O&M and Item Rate contracts, within the roads and highways sector. Currently, Ceigall is actively engaged in 18 projects, encompassing both EPC and HAM models, which span a range of complex infrastructure development, including elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects and multi-lane highways.
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Ceigall India Limited achieved a record-high revenue of Rs 822.4 crore in Q1FY25, driven by successful infrastructure projects and a Rs 17.1 crore bonus. The company's profitability also surged, with EBITDA growing by 65.1 per cent and PAT by 76.5 per cent year-on-year. The company has been actively reducing its debt levels, repaying Rs 413.4 crore in August 2024.
The company has a market cap of over Rs 6,700 crore and the order book stands at Rs 9,470.80 crore. The shares of the company have a PE of 23.3x, an ROE of 40 per cent and an ROCE of 30 per cent. On Wednesday, shares of Ceigall India Ltd plunged 0.44 per cent to Rs 387.55 per share with a spurt in volume by more than 1.01 times on BSE. The stock’s 52-week high is Rs 425 and its 52-week low is Rs 368.05. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.