Latest news with #ChavdaInfra
Business Standard
08-05-2025
- Business
- Business Standard
Chavda Infra gains after securing Rs 150-cr order
Chavda Infra rallied 5.98% to Rs 141 after the company announced that it had secured a construction order worth Rs 150 crore for the Arvind Aqua City residential project in Kalyangadh, Gujarat. The project includes R.C.C. work, masonry, plastering, and other related activities, and it is set to be completed within 24 months. Meanwhile, the company said that it has received an order worth Rs 222.75 crore during the current financial year, bringing the total value of orders on hand to Rs 1,452.93 crore. The unexecuted order book as of today stands at Rs 925.84 crore. Chavda Infra is a construction company engaged in the design and development of residential, commercial, and institutional infrastructure projects. On a full-year basis, the company's net profit jumped 55.7% to Rs 18.76 crore on a 49.3% rise in net sales to Rs 241.66 crore in FY24 over FY23.
Mint
08-05-2025
- Business
- Mint
Small-cap stock with just ₹355 crore market cap secures ₹150 crore construction order. Details here
Small-cap stock in focus: Despite the Indian stock market traded in a narrow range on Thursday, May 8, shares of Chavda Infra, which is engaged in construction activities, jumped 11.3% to hit the day's high of ₹ 148 apiece. This significant boost in shares came after the company secured another major construction order. In today's exchange filing, the company informed investors that it had secured an order from Arvind Aqua City for construction work, including R.C.C. work, masonry, plaster, and other tasks. The value of this contract is ₹ 150 crore, which is equivalent to 42% of the company's market capitalization of ₹ 355 crore. With this latest order win, the company has received orders worth ₹ 222.75 crore during the current financial year and ₹ 441.73 crore during the current calendar year. This has resulted in a total value of orders on hand of ₹ 1,452.93 crore, with an unexecuted order book is currently standing at ₹ 925.84 crore, as per company's regulatory filing. The order book stands at four times the company's FY24 revenue of ₹ 242 crore, underscoring significant revenue potential. Earlier in March, the company received a ₹ 218.98 crore order from GIFT CITY, Gandhinagar, Gujarat. Chavda Infra has established a strong presence in the real estate and construction sector in Gujarat, particularly in Ahmedabad and Gandhinagar. The company adopts a strategic business model focused on both residential and commercial projects, with a growing emphasis on high-rise buildings. Since its inception in 1990, the company has completed over 130 projects across residential, commercial, and institutional sectors. Its portfolio spans various regions in Gujarat, with a significant concentration in Ahmedabad. Chavda Infra's long-term strategy focuses on building a healthy and diverse order book, with particular interest in high-value and complex projects that showcase its technical expertise and project management skills, as per the company's latest financial report. The company's shares made their stock market debut in October 2023, listing with a 40% premium over the IPO price of ₹ 65. However, the stock couldn't sustain its rally in the following months before gaining momentum in January. Between January and September 2024, the stock witnessed a one-way spike, gaining 134%. The rally also pushed the stock to cross the ₹ 200 mark, reaching a fresh all-time high of ₹ 208.85. Nevertheless, amid sharp volatility in the broader market, the stock lost its gains and, at current levels, is trading 32% below its all-time high.
Mint
08-05-2025
- Business
- Mint
Small-cap stock with just ₹355 crore market cap secures ₹150 crore construction order. Details here
Small-cap stock in focus: Despite the Indian stock market trading in a narrow range on Thursday, May 8, shares of Chavda Infra, which is engaged in construction activities, jumped 11.3% to hit the day's high of ₹ 148 apiece. This significant boost in shares came after the company secured another major construction order. In today's exchange filing, the company informed investors that it had secured an order from Arvind Aqua City for construction work, including R.C.C. work, masonry, plaster, and other tasks. The value of this contract is ₹ 150 crore, which is equivalent to 45% of the company's market capitalization of ₹ 355 crore. With this latest order win, the company has received orders worth ₹ 222.75 crore during the current financial year and ₹ 441.73 crore during the current calendar year. This has resulted in a total value of orders on hand of ₹ 1,452.93 crore, with an unexecuted order book as of today of nearly ₹ 925.84 crore. Earlier in March, the company received a ₹ 218.98 crore order from GIFT CITY, Gandhinagar, Gujarat. Chavda Infra Limited has established a strong presence in the real estate and construction sector in Gujarat, particularly in Ahmedabad and Gandhinagar. The company adopts a strategic business model focused on both residential and commercial projects, with a growing emphasis on high-rise buildings. Since its inception in 1990, Chavda Infra has completed over 130 projects across residential, commercial, and institutional sectors. The company's portfolio spans various regions in Gujarat, with a significant concentration in Ahmedabad, as per the company's latest financial report. Chavda Infra's long-term strategy focuses on building a healthy and diverse order book, with particular interest in high-value and complex projects that showcase its technical expertise and project management skills. The company's shares made their stock market debut in October 2023, listing with a 40% premium over the IPO price of ₹ 65. However, the stock couldn't sustain its rally in the following months before gaining momentum in January. Between January and September 2024, the stock witnessed a one-way spike, gaining 134%. The rally also pushed the stock to cross the ₹ 200 mark, reaching a fresh all-time high of ₹ 208.85. Nevertheless, amid sharp volatility in the broader market, the stock lost its gains and, at current levels, is trading 32% below its all-time high. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
