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About Rachana Infrastructure
Rachana Infrastructure Ltd was originally incorporated as 'Rachana Infrastructure Limited' as Public Limited Company vide Certificate of Incorporation dated 29 June 2001 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The Promoter, Mr. Girishbhai Raval, intially started with small contracts with Ahmedabd Municipal Corporation in 1991.
The Company is the mid size private sector company engaged in the business of infrastructure and civil construction work of Road projects on Bill of Quantities (BOQ) and EPC basis. In the very initial periods, the Company got contracts from Government (Zilla Panchayat) at a very small scale. In addition, it got subcontracts from the reputed infrastructure Companies from Gujarat, Maharashtra and many other states. Over a period of time, it got expertise in traditional construction of Buildings, Road Construction, Irrigation, Hydro power Project and Mining. With time and experience, it started expanding business in the other states like Maharashtra, Madhya Pradesh, Jharkhand and Himachal Pradesh.
In 2011, the Company started mining work at our quarry situated in Dhansura.
In 2017, it commenced construction of road work for ONGC Petro Additions Limited at Bharuch, Gujarat.
There were some road projects executed by the Company areas under:
MPRDC- ADB Loan IV: This is a construction project of 4 Major District Roads for Madhya Pradesh Road Development Corporation in Indore Division with a total length of 102 kms. It included many bridges, culverts and CD Structures. This project was certainly a challenging project since it was financed by Asian Development Bank, Singapore.
OPAL Petro-Chemical Refinery Road work at Dajeh SEZ: Company inducted the work of Internal Roads and Peripheral Roads for the OPAL- ONGC PetroAdditions Ltd., Petroleum Refinery at Dahej SEZ. The work included heavy duty and very heavy load bearing capacity roads like Heavy Crane Movement Road (HCMR Road), as there were heavy crane movement in the Petro-Chemical Complex construction work.
C.C Road Construction for MP PWD: The company commenced construction of Cement Concrete (CC) Road from Tanodiya to Shajapur from MP-PWD Div.Ujjain. The work was done by specialized Slip-Form Paver from German Manufacturer WRITGEN SP Paver. A total length nearing to 39 Kms of road was constructed in this project wit h Bridges, Culverts and CD Structures.
Vadodara-Mumbai 6 Lane Highway: The company had got the sub-contract work for Vadodara - Mumbai 6 Lane Highway project from the leading infrastructure company of India. It had done the road work for 25 Kms of this road from Por to Karjan Section, In-fact this road is also considered as one of Indias most successful BOT Road and a crown jewel for L&T. The company have done mining works for various clients but the largest one is at its own Mines at Vadagam, Gujarat. In these mining project the mines are almost 100 ft below ground level and million tons of aggregate has been produced from this project so far. It has an in-house integrated system and machinery for all stages of mining, right from Mining/Extraction of raw material from the mine up-to Crushing and Finished Production Black Trap Stone Aggregate. The black trap stone aggregate is used by the Company for its road project work.
The Company is planning to come out with an initial public offer by issuing upto 56,50,000 equity shares.
Parent Organisation
Indian Private
Managing Director
Girishkumar Raval
Founded
2001
NSE Symbol
RILINFRA
Community Discussion
A
AngelOne
25th Jun, 2024
Rachana Infrastructure 10% and Hits Upper Circuit Today
The shares of Rachana Infrastructure have delivered a return of around 100% to its shareholders in the past month.
Incorporated in 2001, Rachana Infrastructure operates in Infrastructure Projects and Quarry Mining and Trading sectors. The company is listed on NSE SME and it is recognized as an “AA” Class and Special Category I (Roads) contractor by the Government of Gujarat. The company specializes in executing Road projects based on Bill of Quantities (BOQ) and EPC contracts, providing services such as Road work, Area Grading Work, and Canal Work. Rachana Infrastructure Ltd secures contracts from Zilla Panchayats and subcontracting opportunities from infrastructure firms across Gujarat, Madhya Pradesh, and Maharashtra, among others, for projects encompassing Buildings, Road Construction, Irrigation, Hydropower Projects, and Mining. Today the company experienced a significant surge in its share price.
At the start of the day’s trading session, the stock opened at Rs 59.95 per share, compared to the previous day’s closing figure of Rs 54.50 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 59.95 per share on the NSE. The stock has reached the upper circuit price limit of 10%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.
The company’s current market capitalization stands at Rs 111.54 crore, and the stock has generated an impressive return of around 100% in the past month only.
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Financial Performance
In Q4 FY24, the company reported revenue of Rs 64.80 crore compared to Rs 38.53 crore, representing a growth of 68% YoY. The company reported an operating profit of Rs 4.97 crore compared to a profit of Rs 3.54 crore in Q4 FY23. The company reported a net profit of Rs 2.90 crore in Q4 FY24 compared to a net profit of Rs 1.65 crore. Turning attention to the company’s annual performance, it reported revenue of Rs 91.48 crore compared to Rs 63.52 crore in FY23. The company reported an operating profit of Rs 7.10 crore. The company’s net profit stood at Rs 3.63 crore in FY24.
According to the shareholding pattern, the company’s promoters hold 635.38% while the public or retail investors hold 30.32%.
Investors must keep this stock on their radar.
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.
Angelone
Rachana Infrastructure Ltd
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