Synopsis: Construction Company has received a new metro infrastructure order through its joint venture. The project is related to the development of a section of the Pune Metro Rail network and includes construction work for metro infrastructure and related facilities.
The shares of this microcap company majorly engaged in providing integrated engineering, procurement and construction services for civil and construction services, jumped upto 15 percent after receiving orders worth Rs. 230 Crores
With the market capitalization of Rs. 237 Crores, the shares of Univastu India Ltd reached an intraday high of 70.90 per share, raising nearly 15 percent from its previous day close of 61.85 per share is trading at a P/E of 15.2 whereas industrial P/E stands at 14.8
What is the NEWS
Univastu India Ltd has received a work order through its joint venture T & T Univastu JV from Maharashtra Metro Rail Corporation Limited for a part of the Pune Metro Rail Project. In this joint venture, the company has a 35percent share, while T & T Infra Limited holds the remaining 65percent. The total contract value is about Rs. 230 crore, out of which the company’s share comes to around Rs. 80.5 crore, and the project is expected to be completed within 27 months.
Under this project, the work will include designing and building an elevated metro viaduct of about 1.123 km on the Vanaz to Chandani Chowk corridor (Line-2A) of the Pune Metro. The project will also include the construction of two metro stations at Kothrud Bus Depot and Chandani Chowk. In addition, a double-decker flyover will be built at Kothrud Depot, along with a foot overbridge that connects the metro corridor to the national highway. The work also includes stabling lines at the Bhakti Shakti end of the PCMC-Nigdi corridor, which are used for parking and managing metro trains. Overall, the order involves several metro infrastructure works that will help expand the Pune Metro network.
About the company and financials
Univastu India Limited majorly engaged in providing integrated engineering, procurement and construction services for civil, structural & construction services. The company has its presence across the country with 18 total ongoing projects valued at Rs. 1,020 Crores and has completed 95+ projects valued at Rs. 736.98 Crores. It works across various segments which include metro projects, civil infrastructure, tunnel ventilation systems, bullet train projects and many more.
Year on Year analysis: Revenue from operations has increased from Rs. 41.99 Crores to Rs. 56.16 Crores, up 33.74 percent. Operating profit has increased from Rs. 7.73 Crores to Rs. 10.11 Crores, up 30.7 percent and net profit has increased from Rs. 5.08 Crores to Rs. 6.03 Crores, up 18.7 percent
Quarter on Quarter analysis: Revenue from operations has increased from Rs. 48.34 Crores to Rs. 56.16 Crores, up 16.7 percent. Operating profit has increased from Rs. 8.05 Crores to Rs. 10.11 Crores, up 25.5 percent and net profit has increased from Rs. 5.01 Crores to Rs. Rs. 6.03 Crores, up 20.35 percent
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