Rs 5,086 Crore Order Book: Engineering Company Bags New Order Worth Rs 313.4 million From Government of Rajasthan
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 141.35 per share.
Vishnu Prakash R Punglia Limited (VPRPL) has announced the receipt of a Letter of Intent (LOI) from the Department of Information Technology and Communication, Government of Rajasthan, for the "Elevation Works of Academic Blocks of Fintech Digital Institute, Jodhpur." This significant project, valued at Rs 313.4 million, signifies a crucial step forward for VPRPL in the infrastructure sector. The company is eager to collaborate closely with the Department of Information Technology and Communication, the Government of Rajasthan to ensure the successful completion of the Project
About the Company
Vishnu Prakash R Punglia Limited is one of India's fastest-growing infrastructure development companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. As of September 30, 2023, the company’s order book stands at Rs 5,086 crore.
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The company has a market cap of over Rs 3,600 crore and has delivered good profit growth of 58.5 per cent CAGR over the last 5 years. The shares of the company have an ROE of 25 per cent and an ROCE of 20 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 141.35 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.