Under Rs 100: This Microcap Multibagger Construction Company Bags Order Worth Rs 42,32,76,000; Stock Hits Upper Circuit Today!

The company’s shares have delivered an impressive return of over 850 per cent in the past 1 year only.

Incorporated in 1992, Constronics Infra Ltd shifted its focus from pharmaceuticals to the construction and infrastructure sector in FY18 following a change in management. The company now specializes in trading construction and building materials.

Today, it announced the receipt of a contract from KCP Infra Limited for the construction of a flyover and junction improvements on NH 67 (New NH 181), spanning from Km 348/6 to 349/8 (Km 15/6 to 16/8). The contract, valued at Rs 42,32,76,000 (excluding taxes), is slated to be completed within 22 months.

Constronics Infra Ltd shares closed the day at Rs 70.61 per share. The company’s current market capitalization stands at Rs 88.47 crore. The stock has delivered a multibagger return of over 865 per cent in just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, Constronics Ltd recorded a revenue of Rs 0.40 crore. The operating profit for Q4 FY24 stood at Rs 0.21 crore. The net profit for Q4 FY24 was Rs 0.64 crore. Looking at the annual performance, the company generated a revenue of Rs 0.77 crore in FY24, compared to Rs 0.82 crore in FY23. The operating profit for FY24 was Rs 0.32 crore, with a net profit of Rs 0.72 crore.

The product profile of Constronics Infra Ltd includes a range of construction materials: Manufactured Sand (M-Sand), which is produced by crushing rocks or quarry stones into sand-sized particles; Plastering Sand (P-Sand), used for surface coverage and protection against weather elements; Blue Metal, an aggregate comprising sand, gravel, and crushed rock that constitutes a significant portion of concrete; Ready Mix Concrete, a combination of cement, aggregates, and water used in construction projects; and Solid Blocks, foundational elements made from concrete blocks typically measuring 8 inches by 16 inches.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.