GPT Infraprojects Limited earned more than 150% in the last six months | Stock Update

This civil construction stock has gained over 800% in the last three years; do you hold it?

GPT Infraprojects Limited has delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price surged from Rs 14.18 on November 14, 2020, to Rs 128.80 on November 13, 2023, representing an increase of over 800% in a three-year holding period.

An investment of Rs 1 lakh in this company’s shares three years ago would have grown to Rs 9 lakh today.

Financial Performance

GPT Infraprojects Limited reported a strong second quarter for FY24, with net sales growth of 53% to Rs 233.63 crore, compared to Rs 152.70 crore in the same quarter last year. The operating profit experienced a significant increase of 57.48%. The net profit for the quarter stood at Rs 14.00 crore, which was Rs 4.57 crore in the previous year’s same quarter, representing a 206.3% increase. The company has a ROCE of 14.2% and an ROE of 11.1% with a market capitalisation of Rs 749 crore.

Business Overview

GPT, incorporated in 1980, operates through two business divisions - Infrastructure and Sleepers. The company made inroads into the infrastructure segment in 2004 and is now an established railway-focused player. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In Sleepers, the company manufactures and supplies concrete sleepers for Railways in India and Africa.

Stock Price Movement

Today, the stock opened at Rs 128.35, with a high and low of Rs 129.10 and Rs 128.35, respectively. The stock is currently trading at Rs 128.35, which increased by 0.1.38%. The stock has a 52-week high of Rs 129.10 and a 52-week low of Rs 42.65.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.