This Micro-cap Water Infrastructure Company Wins 241.92 crore Water Infrastructure Project in Gujarat; Stock Price Jumped by 4 Per cent!
The company has a market cap of Rs 68.4 crore with a PE of 11.1x, an ROE of 46.2 per cent and an ROCE of 39.5 per cent.
V.L.Infraprojects Limited, Specialising in executing water supply and sewerage infrastructure projects, is pleased to announce that it has been awarded a significant work order worth 241.92 crore from the Gujarat Water Supply and Sewerage Board. The project is scheduled to be executed within 18 months.
The contract is for the Providing, Supplying, Lowering, Laying, Jointing, and Commissioning of PVC/DI Pipelines of various diameters, along with the construction of UG Sump, ESR, RCC Pump House, Mechanical Works, RCC Compound Wall, and RCC Approach Road under the Abdasa RWSS Augmentation 2021-22 (Nal Se Jal) Project in Abdasa, Kachchh.
With this new order, the Company’s total order book has reached an impressive 208 crore, approximately reflecting a robust future earnings outlook. The orders from government entities are strengthening our presence in government infrastructure projects and further solidifying the company’s commitment to delivering high-quality infrastructure solutions and contributing to India’s development. With a strong order book and a focus on excellence, the company remains well-positioned to drive growth and create long-term value for stakeholders.
Commenting on this Project Allotted, Mr. Rajagopal Reddy Annam Reddy, Chairman& Managing Director of V.L.Infraprojects Limited, Said, “We are honoured to contribute to Gujarat’s infrastructure development through this prestigious project. This contract win underscores our expertise and commitment to excellence in executing large-scale water supply and sewerage projects. We remain dedicated to delivering quality-driven solutions that align with India’s mission of enhancing water accessibility and urban infrastructure."
About the Company
V.L. Infraprojects Limited specializes in designing, constructing, and commissioning government projects, with a focus on water infrastructure and irrigation. The company undertakes water supply and sewerage infrastructure projects, including pipe procurement and installation, civil construction, electromechanical equipment installation, and operations and maintenance of water distribution pipelines. Recognised as an “AA” Class Government Approved Contractor in Gujarat, the company also holds licenses and registrations in Karnataka, Telangana, and Madhya Pradesh. With a vision to establish itself as a leading player in the engineering and construction sector, V.L. Infraprojects Limited entered the primary market through an IPO and was listed on NSE Emerge on July 30, 2024. In FY24, the company reported a revenue of Rs 113.93 crore, EBITDA of Rs 210.90 crore, and a PAT of Rs 6.14 crore.
The company has a market cap of Rs 68.4 crore with a PE of 11.1x, an ROE of 46.2 per cent and an ROCE of 39.5 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.