Order Boosts Stock Performance
Niraj Cement Structurals Ltd witnessed a 5% upper circuit in their share prices, trading at ₹38.90, after securing a significant order worth ₹188 crore from Indian Port Rail and Ropeway Corporation Ltd (IPRCL). The stock rally followed an upper circuit the previous day as well, confirming market enthusiasm about the new contract.
Details of the Order
According to a filing with the stock exchange, the construction company has secured an order to build an interchange cum road over a bridge on NH41 (Phase-I) in Gujarat state under the Engineering, Procurement, and Construction (EPC) mode. The value of this contract is ₹188.88 crores.
Financial Metrics on the Rise
The company’s year-over-year revenue increased by 24%, rising from ₹80 crore in Q1FY23 to ₹99 crore in Q1FY24. However, the net profit dropped slightly from ₹0.61 crore to ₹0.36 crore. Despite this, the company’s shares have offered a six-month return of 41% and a one-year return of 21%.
| Metric | Value |
|---|---|
| Order Value | ₹188.88 Crore |
| Current Share Price | ₹38.90 |
| Year-over-Year Revenue Growth | 24% |
| Net Profit (most recent quarter) | ₹0.36 Crore |
| Six-month Share Return | 41% |
| One-Year Share Return | 21% |
This key financial information confirms that the order has played a pivotal role in boosting the company’s share price, and the rising revenue figures underline its overall performance. Investors are keenly watching as this project could be a significant catalyst for the company’s future growth.
