GPT Infraprojects hits lower circuit despite enhancement of existing order worth Rs 103 crore

The company bagged a contract worth ₹739 crore from NHAI in October 2023. The project entailed the construction of a four-lane Prayagraj Southern bypass on NH-19 in Uttar Pradesh. This contract was solely in the name of the company and is the largest single order received in the history of the company.

In June 2024, the company secured another contract worth Rs 547 crore from Rail Vikas Nigam (RVNL). The work order involved the six-lane elevated Kona Expressway project in West Bengal.

The contract includes the construction of the viaduct portion of the elevated corridor, railway over-bridges (ROBs) excluding steel spans, entry and exit ramps, small vehicular underpasses (SVUP), large vehicular underpasses (LVUP), vehicular underpasses (VUP), pedestrian underpasses (PUP), culvert widening, an NHAI office building, and various other works. This also encompasses electrification and lighting along the Kona Expressway from chainage 0.145 km to 7.337 km of NH-117.

GPT Infraprojects' outstanding order book stands at Rs 3,775 crore, with a total order inflow for FY25 of Rs 803 crore.

The stock hit a 52-week low of ₹35.32 on July 24, 2023, and a 52-week high of Rs 207 on July 15, 2024. At the current market price of ₹163.2 per share, the company’s market capitalisation stands at ₹1,898.7 crore.

The stock has gained 345% in the last one year and 23% in the past month.

The company's stock has a price-to-equity (P/E) ratio of 32.9x against a price-to-book (P/B) value of 6.89x. Earnings per share (EPS) stood at ₹5.22 with a return on equity of 20.96%, as per the data available on BSE.

Based out of Kolkata, GPT is a premier infrastructure company which operates through two segments– Infrastructure and Sleeper. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways and Roads for Government contracts. In the Sleeper segment, the company manufactures and supplies concrete sleepers for Railways in India and Africa. Its manufacturing units are located at Panagarh (West Bengal), Ladysmith (South Africa), Tsumeb (Namibia) and Eshiem (Ghana).