This stock under Rs.50 which deals in executing critical infrastructure projects is up 4.5 percent after bagging an order worth Rs. 23.25 crores from the Braithwaite Burn and Jessop Construction.
Price Action
With a market capitalization of Rs.734.70 Crores, the shares of Tantia Constructions Limited were up by 4.5 percent in the day’s trade touching a day’s high of Rs. 48.37 per share. The stock reiterated from the day’s high and was trading at Rs. 47.40 per share which is 2.46 percent higher than the previous closing price of Rs. 46.26 apiece.
What Happened
The stocks of Tantia Constructions rose after the company received an order worth Rs. 23.25 crores from the Braithwaite Burn and Jessop Construction. The work includes Civil Works for the Road Construction of Over Bridge (ROB) which is End to End including the approach at the Mahoba-Khajuraho Section of the North Central Railway. The period for completion is 9 months. The maintenance period is for a minimum of 12 months from the completion date of the entire contract period.
About the Company
Tantia Constructions Limited was incorporated in 1964 and is based in Kolkata, The company specializes in infrastructure development. They hold expertise in constructing bridges, roads, railroads, and flyovers which contribute significantly to various public works.
Tantia operates across sectors including aviation, urban infrastructure, and marine projects. With a focus on executing critical infrastructure projects, the company aims to improve its market position through a robust project portfolio and address the growing demand for infrastructure development in India.
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Products and Services
The company offers a range of services in infrastructure development while focusing on construction, civil engineering, and project management. Their expertise includes building railways, bridges, roads, and flyovers.
Financials & Ratios
Its Revenue from operations grew by 283 percent year on year from Rs. 3.22 Crores in Q2FY24 to Rs. 12.34 Crores in Q2FY25, accompanied by a loss of Rs. 0.12 Crores to a profit of Rs. 0.28 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of -5.61 percent and a return on capital employed (ROCE) of -1.05 percent. It has reported a debt-to-equity ratio of 1.33 as of FY24.
Shareholding Pattern
As of September 2024, the shareholding pattern with the promoter’s stake holding a major share of 94.32 percent in Tantia Constructions, and public holdings standing at 5.68 percent.
Written by Santhosh S
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