Rs 10,047 crore order book: Multibagger construction company bags new order worth Rs 220 crore from the TenX Realty Limited!

Shares of the company gained more than 20 per cent in the last one year.

Capacite Infraprojects Limited has announced another significant project acquisition, receiving a Letter of Intent (LOI) from TenX Realty Limited, a step-down subsidiary of the prominent conglomerate Raymond Limited. The contract, valued at ₹220 Crore, involves undertaking the critical civil core & shell works for "The Address by GS – Bandra Project," a prestigious development located off the Western Express Highway in Bandra (East), Mumbai.  

Securing this mandate from a well-established and respected developer like Raymond's realty arm underscores Capacite Infraprojects proven expertise and reliability in handling the fundamental structural elements of large-scale real estate ventures in prime urban locations. This significant LOI is expected to provide a substantial boost to Capacite Infraprojects revenue pipeline and further solidifies its standing as a preferred construction partner within the Mumbai Metropolitan Region (MMR).

In Q3FY25, the company continued its growth trajectory with a 23% year-on-year increase in revenue to ₹590 crores and a 12% rise in EBITDA to ₹101 crores, maintaining a strong EBITDA margin of 16.7%. PAT for the quarter surged by 77% to ₹52 crores, with a PAT margin of 8.7%. The company's order book stood strong at ₹10,047 crores as of December 31, 2024, with a healthy mix of public and private sector projects. New project wins in the first nine months totaled ₹1,459 crores, including a substantial order from NBCC, and the company holds an L1 position for projects worth ₹600 crores, indicating a promising future pipeline.

Capacite Infraprojects Limited is primarily engaged in the EPC business and provides turnkey solutions for housing, high rises, super high rises, speciality buildings and urban infrastructure. The company offers these services to leading real-estate and government bodies in India. The shares of the company have gained over 160% in last three years.

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

Disclaimer: This article is intended for informational purposes only and should not be considered as investment advice.