Rs 1,185 crore order book: Civil infra company has been awarded two work contracts of Rs 342.43 crore

Ganesh Infraworld Limited has been awarded two sub-contract work contracts totalling Rs 342.43 crore. The first project, valued at Rs 280.31 crore, involves EPC infrastructural development for CM's Model School in Assam Lingzey, Gangtok, Sikkim, with a duration of 36 months. The second contract, worth Rs 62.12 crore, is for the SITC of IP-MPLS Technology for Unified Communication Backbone & VOIP-based Train Control Communication System over various divisions of South Eastern Railway, secured through Ganesh Netsoft JV Networks, and has an EPC mode and a 15-month duration.

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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 1,000 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 has given multibagger returns of 124.5 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.