Infrastructure company bags new orders worth Rs 30.71 crore from Cadcons Icons LLP

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Infrastructure company bags new orders worth Rs 30.71 crore from Cadcons Icons LLP

The stock has given multibagger returns of 185.6 per cent from its 52-week low of Rs 73.50 per share.

Mason Infratech Ltd has secured a significant domestic contract from Cadcons Icons LLP for the Construction and civil works of the SKYMARQ HELIOS project, valued at approximately Rs 30.71 crore (exclusive of Taxes). The extensive project involves constructing a structure comprising six-level basements, a Ground and Stilt level, and thirteen floors. This order, received for domestic construction and civil works, is mandated to be completed within a period of 20 months.

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About the Company

Mason Infratech Ltd., a relatively new player in the Indian construction industry, specialises in civil contracting and infrastructure development. The company primarily operates in the Mumbai Metropolitan Region (MMR) and focuses on high-value civil contracts for residential and commercial projects. Its project portfolio includes a mix of Full Labour Oriented, Part Material Full Labour, and Lock & Key projects, catering to a diverse clientele such as Damji Shamji Shah Group, Transcon, Soni & Associates, and Lodha Builders.

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The company has a market cap of Rs 360 crore with a PE of 21x, an ROE of 38 per cent and an ROCE of 34 per cent. The stock has given multibagger returns of 185.6 per cent from its 52-week low of Rs 73.50 per share.

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