Microcap stock jumps 4% after receiving ₹23 Cr order from Department of Space Centre
The shares of the fast-growing infrastructure company gained up to 4 percent after the company bagged a significant letter of acceptance from the Department of Space Centre, Construction & Maintenance Group Sriharikota for Rs 22.56 crore. Price Movement With a market capitalization of Rs 514.09 crore, the shares of R P P Infra Projects Ltd […] The post Microcap stock jumps 4% after receiving ₹23 Cr order from Department of Space Centre appeared first on Trade Brains.


The shares of the fast-growing infrastructure company gained up to 4 percent after the company bagged a significant letter of acceptance from the Department of Space Centre, Construction & Maintenance Group Sriharikota for Rs 22.56 crore.
Price Movement
With a market capitalization of Rs 514.09 crore, the shares of R P P Infra Projects Ltd were trading at Rs 135.00 per share, decreasing around 0.48 percent as compared to the previous closing price of Rs 135.65 apiece.
Reason for Rise
The shares of R P P Infra Projects Ltd have seen bullish movement after securing a letter of acceptance for a new project construction of Non Destructive Test (NDT) Facility, at SSLV Launch Complex (SLC) in Package 12 Tiruchendur & Sathankulam Taluk, Tuticorin District, Tamil Nadu (Civil, PH, Electrical, Mechanical, & AC Works) for contract value of 22.56 crores.
Also read: Infra stock hits 5% upper circuit after receiving ₹408 Cr Solar Power project from Rajasthan Govt
Financial condition
Analyzing the company’s financial performance, revenue zoomed by 9 percent from Rs 326 crore in Q3FY24 to Rs 355 crore in Q3FY25, during the same time, net profit stretched by 19 percent from Rs 16 crore to Rs 19 crore.
It has a P/E ratio of 9.97, compared to the industry’s P/E ratio of 18.1, indicating that the stock is trading at a lower price, the stock is undervalued. Additionally, the company’s debt-to-equity ratio stands at 0.07.
Robust Order Book
The company’s current order book consists of 44 projects with an outstanding value of Rs 2,993.92 crores yet to be executed. These projects, along with anticipated new contracts, are expected to drive significant growth in the current and upcoming financial years. With a strong order pipeline, the company remains focused on timely execution and expansion.
During the current year up to January 2025, the company secured 15 new projects worth Rs 1,575.21 crores in India. Additionally, it has been awarded a residential complex project, “Legend 96,” in Sri Lanka, valued at approximately Rs 764 crores, further strengthening its global presence.
Recent Projects
RPP Infra Projects Limited has announced through recent regulatory filings that it has secured letters of acceptance from the Maharashtra State Infrastructure Development Corporation Limited.
The project, valued at Rs. 201.94 crores, involves the construction of a concrete pavement road, along with the reconstruction and widening of bridges and culverts. This work will span from Alibag Bypass Road to Alibag Roha Junction, continuing to Belkade, Garudpad Nagaon Hatale, and ending at Revdanda Bridge Road in Maharashtra.
Company profile
R.P.P Infra Projects Limited is engaged in construction across multiple infrastructure verticals like roads, buildings, industrial structures, power, irrigation, and water management. It executes various projects in Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana, Madhya Pradesh, etc
Written by Abhishek Singh
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The post Microcap stock jumps 4% after receiving ₹23 Cr order from Department of Space Centre appeared first on Trade Brains.
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