Penny stock under Rs 20: Civil construction company bags an order worth Rs 1,81,72,013 in Navi Mumbai

Manav Infra Projects Limited has informed the NSE about a significant business update. The company has secured a new work order for shore piling work in Navi Mumbai, Thane-410221. This project is valued at approximately Rs 1,81,72,013/- (Rupees One Crore Eighty-One Lakhs Seventy-Two Thousand and Thirteen Only), which includes 18 per cent GST.

Earlier, the company secured a work order for piling work in Chandivali, Mumbai. The total project value, including 18 per cent GST, is approximately Rs 1,38,05,998.

Established in 1995, Manav Infra Projects Ltd is a construction company that specialises in excavation, piling, road building and rock stabilisation. Beyond construction services, they also offer a comprehensive range of construction equipment rentals, including excavators, loaders and rock breakers. Manav Infra operates across several Indian states, including Maharashtra, Goa, Gujarat and Rajasthan. Their diverse project portfolio includes notable undertakings such as the Kanakia Seven complex in Marol and road construction for JNPT, alongside collaborations with clients like Nirmal Lifestyle and Axis Space Construction.

The company has a market cap of over Rs 20 crore. The stock falls under the SME segment with a lot size of 4,000 shares. The stock’s 52-week high is Rs 21.59 per share and a 52-week low of Rs 10.50 per share. The promoters of the company own 68.84 per cent and non-promoters own 31.16 per cent stake in the company as of March 2025. The stock is up over 50 per cent from its 52-week low of Rs 10.50 per share.

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