During Friday’s trading session, the shares of a company engaged in the business of construction across multiple infrastructure verticals surged by nearly 3 percent to Rs. 169.45, after receiving an order worth Rs. 21.8 crores from Bhabha Atomic Research Centre.
With a market cap of Rs. 641.8 crores, at 02:18 p.m., the shares of RPP Infra Projects Limited were trading in the green at Rs. 168.55, up by nearly 2.3 percent, as against its previous closing price of Rs. 164.7.
What’s the news:
RPP Infra Projects received a letter of acceptance for new projects for a contract value of Rs. 21.83 crores from Bhabha Atomic Research Centre, Nuclear Recycle Board. The time period by which the project is to be executed is 18 months.
According to the latest regulatory filings with the stock exchanges, the company received orders for the construction of service supporting structures, RCC culverts, sewer lines and associated works at the FRFCF project site at Kalpakkam in Tamilnadu.
Previous Orders:
On 18th October, RPP Infra Projects secured an order, valued at Rs. 35.6 crores, for the design and construction of 7 MLD Product water conveyance system from the 20 MLD Tertiary Treatment Reverse Osmosis (TTRO) Plant at Kelavarapalli Hosur to SIPCOT Industrial Park Shoolagiri Phase I & II Krishnagiri District, Tamil Nadu, with O&M for 1 year on DBO Basis.
On 15th November, the company received an order worth Rs. 38.32 crores from State Industries Promotion Corporation of Tamilnadu Limited for the formation of Balance Internal Roads including the construction of RCC Side Drain & Culverts and Providing Street Lights at Mega Leather Park Panapakkam in Ranipet, Tamilnadu.
Order Book:
As of Q2 FY25, RPP Infra Projects has an order book comprising 54 projects valued at Rs. 6,088.78 crores. Of this total, Rs. 2,626.01 crores worth of project work has been completed and billed, leaving Rs. 3,399.80 crores worth of work is yet to be executed.
With a robust order book of Rs. 3,399.8 crores and the addition of Rs. 1,568.23 crores worth of projects in the first seven months of FY25, the company is optimistic about its progress toward achieving its vision of becoming a global leader in the construction industry.
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Financials:
RPP Infra Projects reported a marginal rise in revenue from operations, experiencing a year-on-year increase of nearly 6 percent, rising from Rs. 372 crores in Q2 FY24 to Rs. 394 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 17 crores to Rs. 19 crores, representing a rise of around 11.8 percent YoY.
Key Financial Ratios:
In terms of key financial metrics, RPP Infra Projects has a Return on Equity (RoE) of 14.8 percent and a return on capital employed (RoCE) of 23 percent. Additionally, the company’s debt-to-equity ratio stands at 0.07.
Stock Performance:
The stock has delivered positive returns of nearly 77.3 percent in one year, as well as around 40.5 percent returns in the last six months. So far in 2024, the shares of RPP Infra Projects have given positive returns of about 38 percent.
About the company:
RPP Infra Projects Limited is primarily engaged in three major segments: infrastructure development, residential and commercial buildings, and water management. It is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation and water management
Written by Shivani Singh
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