The shares of the real estate company gained up to 3.5 percent after the company received a new work order for Rs 1,042 crores for the development of the Kanpur Central Bus Terminal and Bhuvaneshwar Metro Project.
With a market capitalization of Rs 6,898.51 crore, the shares of Ceigall India Ltd were trading at Rs 396.00 per share, increasing around 2.58 percent as compared to the previous closing price of Rs 386.05 apiece.
Is Ceigall India a buy or sell? What is its Fair Value? What are the company's health parameters? What are the positive and negative factors driving the company -- ProTips? Know all the answers on the company's overview page here.
Reason for Rise:-
Today the company shares have seen positive movement after Ceigall India Ltd received a new work order for Rs 1,042 crores for the development of the Kanpur Central Bus Terminal and Bhuvaneshwar Metro Project.
Moreover, the Company has also been awarded a significant contract for the Bhuvaneshwar Metro Project which includes Part Design and Construction of an Elevated Viaduct and Six Elevated Stations (excluding Architectural finishing) from Chainage 15017.00m to 25987.78m including a ramp for Depot entry of Bhubaneswar Metro Phase-1 MRTS. BBC-05” valued at Rs 899 crores.
Financial Performance:-
Examine the company’s financial performance, revenue surged by 48 percent from Rs 2,068 crore in FY22-23 to Rs 3,029 crore in FY23-24, and during the same period, net profit magnified drastically by 82 percent Rs 167 crore to Rs 304 crore.
Recent projects & Order Book:-
As of July 2024, the company completed over 34 roads and highway projects, these projects include 16 EPC, one HAM project, Five O&M projects, and 12 Item Rate Projects. The company has 18 ongoing projects, including 13 EPC projects and five HAM projects.
As of June 2024, the company has a strong order book of Rs 94,708.42 million. These orders include elevated corridors, bridges, flyovers, rail over-bridges, tunnels, expressways, runways, metro projects, and multi-lane highways.
Company Profile:-
Ceigall India Limited is an infrastructure-building business that specializes in structural projects such as elevated roadways, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and airport runways.
Written by:- Abhishek Singh
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