Rs 1,185 crore order book: Civil infra company has been awarded a turnkey work contract of Rs 76.11 crore

Ganesh Infraworld Limited has secured a turnkey sub-contract for the construction of 14 towers (G+7) in Shirdi, Maharashtra, for the 'Shree Sai Nirman Dream City' project. Valued at Rs 76.11 crore, this EPC contract encompasses all civil, structural, finishing, and service works, along with infrastructure development, for 408 flats and 32 shops. The project is designated as a Civil Infra Project and is expected to be completed within 24 months.

Earlier, the company was awarded a sub-contract for earthwork and excavation related to sewage treatment infrastructure at the Dharavi STP, Mumbai. This Water Infra Project has an order value of Rs 203.83 Crores and is an EPC (Engineering, Procurement, and Construction) contract with a duration of 12 months.

Ganesh Infraworld Limited, established in 2017, is a construction company offering integrated engineering, procurement, and construction (EPC) services. The company operates through item-rate and percentage-rate contracts, working as both a sub-contractor for major EPC firms and a direct contractor for government and private entities. Its diverse project portfolio spans Civil and Electrical Infrastructure, Road and Rail Infrastructure (including OHE systems), and Water Infrastructure, focusing on treatment, distribution, and household connections.

The company has a market cap of over Rs 800 crore and working capital requirements have reduced from 158 days to 99.2 days. The company have an order book of Rs 1,185 crore. The shares of the company have a PE of 19x, an ROE of 36 per cent and an ROCE of 38 per cent. The stock is up by 97 per cent from its 52-week low of Rs 106.25 per share. 

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