Capacite Infraprojects shares surged 5 percent higher on September 18th after the infra-company in a regulatory filing announced a repeat order-win of Rs 280 crore from Raymond for its realty project codename Xception in Thane.
"We are delighted that Raymond’s realty division has once again reinforced their trust and confidence in our company. The order inflow for the current financial year, along with our existing orders book gives us confidence to deliver good growth in the coming quarters,” said Rahul Katyal, managing director of the infra-company.
At 12.45 pm on the NSE, Capacite Infraprojects stock was quoting at Rs 222.50, up 3.44 percent or Rs 7.40.
The stock has a trailing PE of 17.47x, making it the second cheapest among peers in absolute terms.
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In its results for the April to June quarter, the company reported a 9.85 percent year-on-year (YoY) decline in revenue from operations at Rs 430 crore. Net profit for the quarter was down 32.14 percent YoY to Rs 19 crore. The operating profit margins for the quarter declined by 500 basis points on a yearly basis to 16 percent.
Capacite Infraprojects Limited operates as a construction company, specialising in building and real estate projects. It offers general contracting, design and build services. The company counts public sector undertakings such as CIDCO, MHADA and private real estate developers such as Kalpataru, Hiranandani and K Raheja Corp among others.
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