Manglam Infra Secures Multiple Orders Worth Rs 4.43 Crores: A Low PE Stock to Watch

Introduction

Manglam Infra and Engineering Limited, one of the prominent players in the infrastructure sector, recently made headlines by securing multiple projects valued at Rs 4.43 crores. The company, known for its expertise in managing complex infrastructure projects, continues to capitalize on emerging opportunities, demonstrating a robust growth trajectory.

Major Project Wins and Key Highlights

In August 2024, Manglam Infra secured five new projects across five states, reflecting its strong market position and commitment to expanding its portfolio. Some of the notable projects include:

1. Supervision and Quality Control Consultancy – The company secured an order worth Rs 69 lakhs in Anuppur district, Madhya Pradesh, providing supervision and quality control services for the Kanya Shiksha Parisar Jaithari and CM Rise School Project.
2. Detailed Project Report for National Highway – In Uttarakhand, Manglam Infra will prepare a Detailed Progress Report (DPR) for a 16 km four-lane National Highway project, valued at Rs 27 lakhs.
3. Consultancy Services in Chhattisgarh and Maharashtra – The company will provide similar consultancy and DPR services for projects in Chhattisgarh and Maharashtra, valued at Rs 1.9 crore and Rs 18 lakhs, respectively.
4. Final Location Survey in West Bengal – Another significant order involves conducting a final location survey in West Bengal worth Rs 1.29 crore.

Additionally, the company emerged as the lowest bidder for a project worth Rs 68.42 lakhs from the Superintending Engineer NH Circle PWD Gorakhpur. This project involves consultancy services for the supervision of the construction of the Shohratgarh Bypass in Uttar Pradesh, highlighting Manglam Infra’s competitive edge in bidding for strategic infrastructure projects.

Financial Performance and Market Position

For the financial year ended March 31, 2024, Manglam Infra reported revenue of Rs 40.50 crore, a notable increase from Rs 34.78 crore in the previous year. The company also saw its profit after tax (PAT) rise to Rs 6.76 crore from Rs 5.54 crore, underscoring its profitability and efficient project execution. Key financial metrics such as Return on Equity (ROE) at 49.44%, Return on Capital Employed (ROCE) at 44.95%, and PAT margin of 16.81% reflect the company’s strong financial health.

Expanding Horizons: Leveraging IPO Proceeds for Growth

Manglam Infra recently listed on the NSE SME platform and aims to leverage the proceeds from its public issue to fuel business expansion and capture emerging opportunities in the growing infrastructure sector. The company’s strategic focus is on expanding its market presence and enhancing its service offerings in project feasibility, design engineering, procurement, construction, and project management.

Company Background

 Incorporated in 2010, Manglam Infra specializes in managing a wide range of infrastructure projects, including highways, bridges, tunnels, and urban buildings. The company has completed 127 projects, demonstrating its extensive experience and capability in delivering high-quality services across multiple states, including Madhya Pradesh, Jammu & Kashmir, Bihar, and Maharashtra.

Disclaimer: This blog 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.