Penny stock under Rs 65 in focus as company’s subsidiary receives order of Rs 5,30,00,000 from Mecgale Pneumatics Pvt Ltd

Shradha Infraprojects' subsidiary, Active Infrastructures Limited, has received a purchase order from Mecgale Pneumatics Pvt Ltd valued at Rs 5,30,00,000 (plus taxes). This domestic contract, accepted on August 6, 2025, involves the supply of materials for a project in Agartala, which includes the upgrading of visitor facilities, enhancement of built and natural features at the Chaturdash Devta and Kasba Kalibari Temples, and the reconstruction of the Yatri Niwas at the Chaturdash Devta Temple. The project is expected to be completed within 12 months and is anticipated to have a positive impact on the company's revenue.

Earlier, Shradha Infraprojects Limited's subsidiary, Active Infrastructures Limited, received a Rs 4.65 crore contract (including GST) by Ceinsys Tech Limited. The order requires Active Infrastructures to supply 10,379 MS Core Boxes and conduct 25,560 water intake/permeability tests in boreholes using the Packer Method. This project, located in the Vidarbha region of Maharashtra, is expected to be completed within six months.

About Active Infrastructures Limited

Active Infrastructures Limited, incorporated in 2007, is a civil construction company specialising in both infrastructure development and commercial project construction. Its infrastructure development segment covers roads, bridges, water supply systems and irrigation projects, while its commercial construction segment includes office complexes, retail centres and educational institutions. The company maintains a strong geographical presence across Maharashtra, Madhya Pradesh, Uttar Pradesh and Tripura, with ambitions for pan-India expansion.

About Shradha Infraprojects Ltd

Shradha Infraprojects Ltd, established in 1987, is a real estate and infrastructure development company primarily focused on offering building and engineering services. With its main operations centred in Nagpur, the company undertakes diverse construction projects, including highways, bridges, water supply, renewable energy and urban development. Shradha Infraprojects operates through two key divisions: Development Business, which focuses on the development and sale of residential and commercial properties and Lease Business, which involves developing and leasing commercial properties such as corporate offices and educational institutions.

The company has a market cap of Rs 316 crore and has delivered good profit growth of 51 per cent CAGR over the last 5 years. The shares of the company have a PE ratio of 21x whereas the industry PE is 40x. The stock is up by 24.33 per cent from its 52-week low of Rs 50.26 per share.

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