Gautam Adani bought 1,36,39,972 shares of this small-cap civil construction stock; Order book stands at Rs 6,514 crore!

DSIJ Intelligence-1 / 06 Aug 2025/ Categories: Mindshare, Trending

Gautam Adani bought 1,36,39,972 shares of this small-cap civil construction stock; Order book stands at Rs 6,514 crore!

The stock is up by 27 per cent from its 52-week low of Rs 566.50 per share.

On Wednesday, shares of a Small-Cap civil construction company gained 2.55 per cent to Rs 719.05 per share from its previous closing of Rs 701.20 per share. The stock’s 52-week high is Rs 842.50 per share and its 52-week low is Rs 566.50 per share.

Adani Infra (India) Limited, backed by Gautam Adani, has acquired a significant stake in this company. Through a mandatory open offer, they acquired 44,86,193 equity shares (11.32 per cent), and an additional 91,53,779 equity shares (23.09 per cent) via a share purchase agreement with the existing promoter. This brings Adani Infra's total holding to 1,36,39,972 equity shares, representing 34.41 per cent of the company. As of August 5, 2025, Adani Infra has become a co-promoter and now holds joint control of this small-cap company alongside the original promoters.

The stock name is PSP Projects Ltd.

PSP Projects Ltd. is an Indian construction company based in Ahmedabad, established in 2008. They specialise in a wide range of construction projects, including industrial, institutional, government, and residential buildings across India. The company offers end-to-end services, from planning and design to construction, including MEP work and interior fit-outs. Notable projects include the Surat Diamond Bourse and the Kashi Vishwanath Corridor. PSP Projects is also involved in precast concrete manufacturing and is known for its timely project completion and expanding presence in the Indian construction sector.

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In its Quarterly Results, the net sales decreased by 17 per cent to Rs 517.76 crore and net profit decreased by 99 per cent to Rs 0.42 crore in Q1FY26 compared to Q1FY25. In FY25, the company reported net sales of Rs 2,512 crore and net profit of Rs 56 crore. As of June 2025, Madhulika Agrawal owns 9,00,000 shares or a 2.52 per cent stake in the company.

The company had a market cap of over Rs 2,800 crore and as of June 30, 2025, the company’s order book stands at Rs 6,514 crore. The company's shares are trading at a PE of 120x whereas the sectoral PE is 23x and an ROCE of 5 per cent. As of June 2025, Madhulika Agrawal owns 9,00,000 shares or a 2.52 per cent stake in the company. The stock is up by 27 per cent from its 52-week low of Rs 566.50 per share.

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