Capacite Infraprojects shares surged by approximately 4% following the acquisition of an order valued at Rs. 575 Crore from RVNL. Additionally, over the past six months, the stock has yielded impressive returns of 67%. The stock’s value is being upheld by robust and escalating trading volume, which surpasses the historical averages for both the preceding day and week.
Current Stock Status
As of 11.45 am on the National Stock Exchange (NSE), Capacite Infraprojects shares were trading at Rs 203.80, marking a gain of 3.61% or Rs 7.10. The stock has been consolidating since June 13, holding a trailing price-to-earnings (PE) ratio of 17.47x, positioning it as an attractive option relative to its peers in terms of valuation.
Positive Stock Performance and Recent Gains
Capacite Infraprojects shares have displayed remarkable growth, delivering impressive returns of 67% in the last six months. Bolstered by strong trading volume that surpasses historical averages, the company’s stock value reflects its upward trajectory.
Diverse Expertise and Client Portfolio
Capacite Infraprojects specialises in construction and real estate ventures, catering to both public sector entities like CIDCO and MHADA, as well as private real estate developers such as Kalpataru, Hiranandani, and K Raheja Corp. Their services encompass general contracting and design-build solutions, showcasing the company’s versatility.
Market Capitalisation and Recent Performance
Categorised as a small-cap entity, Capacite Infraprojects holds a market capitalisation of 1,503 Crore. The company’s recent stock performance indicates growth, as it began trading at Rs. 196.2 and surged by 4.33% to reach Rs. 204.70 by 12.18 pm on the BSE platform.
Joint Venture with Mohan Mutha Exports for RVNL Project
Capacite Infraprojects, in a joint venture with Mohan Mutha Exports Pvt. Ltd., secured a significant order from RVNL. This project involves executing EPC projects in the Maldives, with a contract value of Rs. 575 Crore. Capacite Infraprojects will hold a majority stake of 51% in this joint venture. The project is scheduled for completion within 18 months from the commencement date.
Financial Performance Overview
Despite a year-on-year decline of 9% in total consolidated revenue for the first quarter of FY24, dropping from Rs. 478.96 Crore to Rs. 435.25 Crore, Capacite Infraprojects remains poised for growth. During the same period, the net profit experienced a decrease of 33%, declining from Rs. 28.48 Crore to Rs. 19.08 Crore.
Shareholding Distribution
As of June 2023, the company’s shareholding distribution stands as follows: Promoters retain 38.65%, the public holds 38.47%, Foreign Institutional Investors (FIIs) own 12.31%, and Domestic Institutional Investors (DIIs) possess a 10.57% stake.
Diverse Construction Portfolio
Capacity Infraprojects Limited’s expertise encompasses a wide range of construction projects, including residential homes, office complexes, hotels, villas, multi-story parking facilities, and gated communities.
Conclusion
Capacite Infraprojects’ recent order acquisition and subsequent stock surge highlight its position as a key player in the construction and real estate sector. Despite fluctuations in financial performance, the company’s diverse portfolio and strategic ventures continue to fuel its growth trajectory in the market.