Rs 957.50 crore order in hand: Construction company bags new order worth Rs 131,02,00,000 from A. Shridhar Infracon LLP

On Wednesday, shares of Chavda Infra Ltd gained 3.91 per cent to Rs 115.50 per share from its previous closing of Rs 111.15 per share. The stock’s 52-week high is Rs 208.85 per share and its 52-week low is Rs 107 per share.

Chavda Infra Limited has been awarded a new contract worth Rs 131.02 crore for the construction of a commercial complex named "WYNN." Located on Sindhu Bhavan Road in Ahmedabad, Gujarat, the project's scope includes R.C.C. work, masonry, plaster, and other related construction tasks. This new order brings the company's total order book for the current financial year to Rs 353.77 crore and its unexecuted order book now stands at nearly Rs 957.70 crore. The project is expected to be completed within 33 months.

About the Company

Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat. The company has a market cap of Rs 225 crore. According to annual results, the company reported amazing numbers wherein net sales increased by 47.27 per cent to Rs 162 crore and net profit increased by 140 per cent to Rs 12 crore in FY23 compared to FY22. The company’s order book now stands at Rs 1,452.93 crore.

The shares of the company are listed on the NSE as SME stock with a lot size of 1,000 shares. The stock has a PE of 30x, an ROE of 49 per cent and an ROCE of 28 per cent. From its 52-week low of Rs 107 to Rs 115.50 per share, the stock has given 8 per cent to its investors.

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