Capacite Infraprojects Surges on Repeat Order of Rs 280 Crore from Raymond

Capacite Infraprojects Limited, a construction company specializing in building and real estate projects, saw its shares surge 5 percent higher on September 18th. The company announced in a regulatory filing that it had received a repeat order of Rs 280 crore from Raymond for its realty project codenamed Xception in Thane.

“We are delighted that Raymond’s realty division has once again reinforced their trust and confidence in our company,” said Rahul Katyal, the managing director of Capacite Infraprojects. He also expressed confidence in delivering good growth in the coming quarters based on the current order inflow and the existing orders book.

At 12.45 pm on the NSE, Capacite Infraprojects stock was quoting at Rs 222.50, up 3.44 percent. The stock has a trailing PE of 17.47x, making it the second cheapest among peers in absolute terms.

In its results for the April to June quarter, the company reported a 9.85 percent year-on-year decline in revenue from operations at Rs 430 crore. Net profit for the quarter was down 32.14 percent YoY to Rs 19 crore, and the operating profit margins declined by 500 basis points on a yearly basis to 16 percent.

Capacite Infraprojects operates as a construction company, offering general contracting, design and build services. The company has worked with public sector undertakings such as CIDCO, MHADA, and private real estate developers including Kalpataru, Hiranandani, and K Raheja Corp.

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– Definitions:
Infrastructure: refers to the basic structures and facilities necessary for the functioning of a society or industry, such as buildings, roads, bridges, and utilities.
Real estate: refers to property consisting of land and buildings, along with its natural resources such as crops, minerals, or water.
Order inflow: the total value of new orders received by a company during a specific period.
PE: refers to the price-to-earnings ratio, which is a valuation ratio calculated by dividing the market price per share by the earnings per share.