Rs 1,185 crore order book: Water infra company receives an order worth Rs 105.77 crore in Jammu & Kashmir

Ganesh Infraworld Limited has announced that it secured two sub-contract work orders in Jammu & Kashmir with a combined value of Rs 105.77 crore (which is the sum of Rs 44.07 crore and Rs 61.70 crore), under the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both contracts fall under the Water Infra Project vertical and are for the survey, design, and execution of a sewerage treatment plant for daily dry weather flow discharging into the Doodh-ganga Nallah, on a turnkey basis, including Operations & Maintenance (O&M) for five years, with an estimated duration of 60 months for both. The two specific sections covered are 'Baghi-Mehtab to Allochi Bagh' (valued at Rs 44.07 crore) and 'Chadoora to Baghi-Mehtab' (valued at Rs 61.70 crore).

About the Company

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 128 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.